Tue.Jul 09, 2024

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The brightest lights in reselling: The 2024 VAR 100

Accounting Today

The firms in this year's VAR 100 see clients focusing ever-more strongly on the cloud — even as they suffer from 'change fatigue.

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Mastering Your Cash Flow Analysis for Financial Success

Accounting Department

Managing a business isn’t easy. Amongst juggling various roles and responsibilities, ensuring your financial health often becomes a daunting task. One powerful tool to help you stay on top is cash flow analysis.

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Rich people freeze themselves, and fortunes, for future revival

Accounting Today

Estate attorneys are creating revival trusts aimed at extending wealth until people who get cryonically preserved can be revived, even if it's hundreds of years later.

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The 2025 U.S. ProAdvisor Awards Are Now Open

Insightful Accountant

Insightful Accountant has launched the 2025 U.S. ProAdvisor Awards. ProAdvisors from the U.S. may apply, but we also encourage the nomination of your favorite ProAdvisor by fellow ProAdvisors and colleagues.

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Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

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12 states that rely the most on income taxes

Accounting Today

Only 5% of total local tax comes from income taxes nationwide, but some states rely on it much more.

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Segregation of duties definition

Accounting Tools

What is Segregation of Duties? The segregation of duties is the assignment of various steps in a process to different people. The intent behind doing so is to eliminate instances in which someone could engage in theft or other fraudulent activities by having an excessive amount of control over a process. In essence, the physical custody of an asset , the record keeping for it, and the authorization to acquire or dispose of the asset should be split among different people.

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50 ChatGPT Prompts for CPAs and Accountants

Ace Cloud Hosting

In today’s fast-changing financial environment, accountants and CPAs are constantly seeking ways to improve efficiency, enhance client relationships, and stay ahead of regulatory changes. According to myCPE, 49% of accounting.

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Enhancing equity in tax audits

Accounting Today

While the IRS and the Treasury have committed to tax administration equity, the Government Accountability Office recently found potential unintended biases in some of the systems and methods used by the IRS for audit selection — meaning some populations may be getting selected for audits at a higher rate than others.

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QuickBooks Cloud Accounting: Budgeting Considerations for Cloud Success

Ace Cloud Hosting

Welcome to the final part of our series blog – ‘Budgeting Consideration for Cloud Success.’ Our previous edition explored “Prioritizing Security in Cloud-Based Accounting.” Ending the series on a high.

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Supreme Court continues to limit gov't agencies

Accounting Today

A ruling in the Corner Post case that makes it easier to sue over government regulations will cause 'chaos,' says one expert.

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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.

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Sage 50 Desktop vs Sage 50 Cloud – What’s the Difference?

Ace Cloud Hosting

When choosing between Sage 50 Desktop and Sage 50 Cloud, it’s crucial to understand the key differences that can impact your business operations. Sage 50 Desktop offers robust, on-premises accounting.

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Rehmann merges in Walker, Fluke & Sheldon

Accounting Today

The Top 50 Firm is expanding in Western Michigan.

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The Benefits Of Outsourcing Accounts Receivable Services For Tree Service Companies

Outsourced Bookeeping

Have you ever wondered how your tree service company could benefit from outsourcing its accounting services for tree services ? Accounts receivables and accounts payables are very important in managing any business and most often they need a lot of time and expertise to be managed. The day-to-day operations of tree service companies involve core activities such as customer relations and field operations.

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Citrin Cooperman acquires S&G

Accounting Today

The Top 25 Firm in New York has added an assurance, tax and advisory firm in Worcester, Massachusetts, the latest in a series of acquisitions since it received private equity funding.

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Building a Business Case for Finance Automation

Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.

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Which States Require Unused PTO Payouts? Rollovers, Terminations, & Employees Who Quit

CSI Accounting & Payroll

Leftover PTO or black holes: which do humans know more about? It’s hard to say! As a small business owner, you know how important it is to follow the rules. With something as delicate as paid time off (PTO), how do you make sure you stay in compliance? At CSI Accounting & Payroll, we’ve worked with small businesses for over 50 years. We know more about PTO than most people do!

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In the blogs: All the news that fits

Accounting Today

The rich and the audits; after Beryl; just ask; and other highlights from our favorite tax bloggers.

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Halt High Accounting Firm Turnover | Accounting Talent Podcast

accountingfly

“Turnover is a wildfire that spreads rapidly, leaving firms overworked and in a spiral of death.” Are Your Top Talents Leaving in Droves? Is Turnover Burning Down Your Accounting Firm? In the latest Accounting Talent podcast episode , Rob Brown and Jeff Phillips tackle the critical issue of how to reduce accounting firm turnover rates worldwide. They delve into the root causes of this exodus and offer practical solutions to stem the tide.

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How Automation Can Be Applied to ESG Reporting

oAppsNet

In the landscape of corporate sustainability, the role of automation is becoming increasingly critical, especially in ESG (Environmental, Social, Governance) reporting. Automation in ESG reporting refers to the use of technology to streamline, standardize, and enhance the processes of collecting, analyzing, and reporting data. This technology-driven approach not only simplifies complex data management tasks but also increases accuracy and efficiency.

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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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Be Insightful Program Goes Live July 15

Insightful Accountant

Insightful Accountant's Be Insightful membership program kicks off July 15 with the first event scheduled for July 18, followed by the 23rd and 30. Join now to get the most out of the program. Join by July 30 for the best rate.

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Building a Strong Financial Foundation: Best Practices for Bookkeeping Firms

The Successful Bookkeeper

Learn best practices to ensure your bookkeeping business is a profitable one!

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What You Missed at RightNOW

Insightful Accountant

Rightworks is re-branding this year in a big way. If you missed out on the RightNOW conference last month, be sure to mark your calendars for 2025.

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7 Ways to Reduce AWS S3 Spend | Finout

finout

Amazon S3 (Simple Storage Service) is the first service launched by AWS. In its 15 years of existence, S3 has changed how businesses worldwide store and access data, effectively kicking off cloud computing and revolutionizing AWS S3 storage costs.

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Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.

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Death, Taxes, and AI

Cloud Accounting Podcast

Today, Blake and David explore how artificial intelligence is reshaping accounting, discussing its potential to handle 70% of information-based tasks and impact workflows like data collection, reconciliation, and client services. They criticize the current theoretical approach to accounting education, advocating for more practical, hands-on learning experiences.

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Recommendations For AWS RDS Cost Reduction

finout

AWS can be a significant investment, and tools like Finout are instrumental in tracking cloud spending. A common discovery for many users is that Amazon RDS often constitutes a substantial portion of their monthly AWS bill.

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2025 International ProAdvisor Awards Open Today

Insightful Accountant

Insightful Accountant wants to welcome ProAdvisors from around the globe to participate in the 2025 International ProAdvisor Awards. We also encourage the nomination of your favorite ProAdvisor by fellow ProAdvisors and colleagues.

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Safety stock definition

Accounting Tools

What is Safety Stock? Safety stock is excess inventory that acts as a buffer between forecasted and actual demand levels. This inventory is maintained so that a company has sufficient units on hand to meet unexpected customer and production demand. Safety stock does not just involve finished goods ; it can also be applied to raw materials , to guard against delays in the delivery of materials from suppliers.

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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

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Thomson Reuters Releases Future of Professionals Report

Insightful Accountant

Thomson Reuters has just released its Future of Professionals report, showing that knowledge workers are optimistic about significant productivity boosts, with AI poised to redefine workflows, drive innovation, and unlock new opportunities.

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