Accounting Today

FEBRUARY 5, 2024

PwC US has elected Paul Griggs as its next senior partner, succeeding Tim Ryan after Ryan retires on June 30.

306

306

Insightful Accountant

FEBRUARY 5, 2024

Murph says, "if you have multi-entity clients using QuickBooks Desktop or Online, you need to take an hour out of your busy schedule to attend this 'free' webinar.

QuickBooks 104

QuickBooks 104

Accounting Today

FEBRUARY 5, 2024

The IRS is pushing back payment and filing deadlines for those impacted by storms and flooding in Maine.

Tax 302

Tax 302

Counto

FEBRUARY 5, 2024

2024 GST Rate Change – Common Questions Asked Singapore implemented its second GST rate change on 1st January 2024, and the transition from an 8% GST rate to a 9% rate posed several questions and considerations for businesses. In this blog post, we will address some of the most common questions surrounding this GST rate change and provide insights on how to navigate them effectively. 1.

Invoicing 98

Invoicing Tax Payroll Collections 98

Advertisement

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.

Accounting Today

FEBRUARY 5, 2024

Clients will want to use you when you become their trusted advisor and they think of calling you before they do anything that might impact their business, financial security or growth.

Accounting 260

Accounting Accounting 260

finout

FEBRUARY 5, 2024

Explore the differences between K3s and K8s to choose the right container orchestration solution. Discover which suits your needs best in this dynamic container orchestration world.

FinOps 98

FinOps FinOps 98

Accounting Tools

FEBRUARY 5, 2024

What are the Accounts Payable Controls? Accounts payable controls are used to mitigate the risk of losses in the payables function. Payables controls are aggregated into three general categories, which are verifying the obligation of the business to pay, entering the payables data into the computer system, and paying suppliers. The controls are described below.

Accounts Payable 75

Accounts Payable Accounts Payable Purchase Order Accounting 75

Accounting Today

FEBRUARY 5, 2024

The gift outlays — and the many rules and potential duties tied to them — can affect clients' long-term trail toward RMDs, Roth IRAs, the FAFSA and other areas.

Tax 244

Tax 244

Ace Cloud Hosting

FEBRUARY 5, 2024

Tax season is the annual extravaganza that sends shivers down the spines of accountants and ordinary folks alike. As the tax deadline approaches, the stress levels skyrocket, and what better.

Tax 64

Tax Accounting Accounting 64

Accounting Today

FEBRUARY 5, 2024

Baker Tilly US LLP is receiving an infusion of funding from a pair of private equity firms, Hellman & Friedman and Valeas Capital Partners, making it the biggest accounting firm to date to accept PE funding.

Accounting 219

Accounting Accounting 219

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.

Collections

Invoicera

FEBRUARY 5, 2024

When you start a new project, you need to make a plan. As the project manager, you decide how and when to reach the goals. You also figure out all the tasks your team needs to do. Did You Know? Companies that consistently complete projects under budget have 65% higher profit margins. You must put all these parts together correctly and finish on time without spending too much money.

Budgeting 52

Budgeting Billing Invoicing Collections 52

Accounting Today

FEBRUARY 5, 2024

The American Institute of CPAs has sent a letter to the Treasury Department and the Internal Revenue Service asking them to postpone the effective date of their final regulations on donor-advised funds.

Tax 204

Tax 204

Invoicera

FEBRUARY 5, 2024

Summary Traditional invoicing methods have limitations that hinder business growth. The blog advocates for modern invoicing software to overcome these limitations. Emphasis is placed on: Efficiency and time-saving features Invoice automation Growth and revenue enhancement Project management Security measures The blog encourages businesses to choose software aligned with their needs for data-driven success in invoicing.

Invoicing 52

Invoicing Invoice Processing Data Entry Billing 52

Accounting Today

FEBRUARY 5, 2024

ADM shook the commodity world last month after it suspended CFO Vikram Luthar and cut its earnings outlook pending an outside counsel inquiry into its accounting practices involving its troubled nutrition segment.

Accounting 189

Accounting Accounting Financial Reporting 189

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.

Accounts Payable

Insightful Accountant

FEBRUARY 5, 2024

Changes to the AICPA Statements on Standards for Tax Services (SSTS) are potentially impacting CPAs. While these changes do not govern EAs and other tax preparers, CPAs who offer even a small amount of tax services should be paying attention.

Tax 52

Tax 52

Accounting Today

FEBRUARY 5, 2024

Prosecutors sought a five-year prison sentence along with a fine on charges of stock-price rigging and accounting fraud.

Accounting 189

Accounting Accounting 189

Gaviti

FEBRUARY 5, 2024

In this product release, Gaviti proudly introduces a suite of new features and enhancements, all aimed at transforming how businesses manage their accounts receivable. This release features the innovative Cash Application module, significant Credit Management enhancements, and the introduction of Gaviti Pay – a versatile payment gateway for streamlined, secure transactions.

Invoicing 52

Invoicing Financial Operations Financial Operations Accounts Receivable 52

Accounting Today

FEBRUARY 5, 2024

The House Freedom Caucus suggested Congress pay for emergency aid to Israel by cutting funding for the United Nations, repealing the IRS expansion, rescinding the Department of Commerce "slush fund," or ending what it called climate-change tax credits.

Billing 154

Billing Tax 154

Advertisement

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.

Accounting

Ace Cloud Hosting

FEBRUARY 5, 2024

The media and entertainment world is exploding and content creators are under fire! Streaming wars, platform shifts, and changing audience habits. It’s a wild ride.

52

52

Accounting Tools

FEBRUARY 5, 2024

What is a Cross-Border Cash Pool? A cash pool is a cluster of subsidiary bank accounts and a concentration account into which funds flow from the subsidiary accounts. The centralized funds can then be used for investment purposes, or to offset negative balances in subsidiary bank accounts. If a pooling arrangement includes accounts located in more than one country, this is known as a cross-border cash pool; it is most commonly used by multinational organizations, since they operate subsidiaries

Accounting 40

Accounting Accounting 40

Accounting Tools

FEBRUARY 5, 2024

What is a Commission? A commission is a fee paid to a salesperson in exchange for services in facilitating or completing a sale transaction. It is typically paid in addition to a baseline salary, though some salespeople receive no baseline salary at all. How are Commissions Calculated? A commission may be structured as a flat fee, or as a percentage of the revenue , gross margin , or profit generated by the sale.

Accounting 40

Accounting Accounting 40

Accounting Tools

FEBRUARY 5, 2024

What is a Payment Factory? A payment factory is an accounts payable function that has been centralized for an entire organization. This is an improvement on a distributed payables system, which incurs more administrative costs to ensure that multiple payables systems are properly managed. A payment factory may have the following features: Robust software to handle large transaction volumes Ability to accept incoming payment information in many formats Inbound document digitization Online form fo

Accounts Payable 40

Accounts Payable Accounts Payable Invoicing Accounting 40

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.

Payroll

Accounting Tools

FEBRUARY 5, 2024

What is Fixed Manufacturing Overhead Incurred? Fixed manufacturing overhead incurred is that component of factory overhead that does not vary with production volume. A business still incurs these costs, because they are necessary to the ongoing operation of the firm’s manufacturing operations. Examples of Fixed Manufacturing Overhead Incurred Examples of fixed manufacturing overhead incurred are rent, depreciation , the salaries of production managers, and insurance for the production facility.

Cost Accounting 40

Cost Accounting Accounting Accounting 40

Accounting Tools

FEBRUARY 5, 2024

What is a Contingent Asset? A contingent asset is a possible asset arising from past events and that will be confirmed only by future events not under an entity's control. The concept is used as the basis for disclosures regarding this type of asset in the notes accompanying the financial statements of an organization. The disclosure rules related to contingent assets are as follows: Do not recognize a contingent asset; only disclose it in the footnotes when an incoming payment is probable.

Financial Statements 40

Financial Statements Bookkeeping Accounting Accounting 40

Accounting Tools

FEBRUARY 5, 2024

What is the For Deposit Only Endorsement? The "for deposit only" endorsement is added to the back of a check in order to restrict the payment of the check to the endorser. An even more restrictive endorsement is to write the name of the account number into which the funds are to be deposited, such as "for deposit only to account 1234-123," which requires the funds to be deposited into the specified account.

Deposits 40

Deposits Accounting Accounting 40

Accounting Tools

FEBRUARY 5, 2024

What is a Collateral Trust Bond? A collateral trust bond is a bond that is secured by the issuer 's own security investments. These investments are deposited with a trustee, who holds them on behalf of the bond holders. If the issuing entity defaults on its bond obligation, the bond holders receive the securities held by the trustee. This arrangement is needed when investors suspect that a bond issuer’s financial situation is so weak that it will be unable to pay interest or redeem bonds at thei

Corporate Finance 40

Corporate Finance Deposits 40

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.

Accounting Tools

FEBRUARY 5, 2024

What is a Reverse Lockbox? Under a reverse lockbox arrangement, suppliers are instructed to send their invoices to a company's bank, which digitizes the invoices and forwards them to the company's accounts payable system through an online interface. The company then flags the approval status of each invoice and transmits this information back to the bank, which pays the invoices when their payment terms indicate that they are due for payment.

Accounts Payable 40

Accounts Payable Accounts Payable Invoicing Accounting 40

Accounting Tools

FEBRUARY 5, 2024

What are Mintzberg’s Managerial Roles? Mintzberg’s managerial roles are based on the concept that managers are engaged in interpersonal, informational, and decisional roles. The most competent managers are able to fulfill the requirements of all three roles. The least competent managers likely have weaknesses in one or more of these areas. At the highest possible level, Mintzberg held that an effective manager was one who got things done.

40

40

Accounting Tools

FEBRUARY 5, 2024

What is a Capital Asset? A capital asset is property that is expected to generate value over a long period of time. It is expected to be used for at least one year, and is not expected to be sold to a firm’s customers in the normal course of business. Capital assets form the productive base of an organization. In asset -intensive industries, companies tend to invest a large part of their funds in capital assets.

Computation 40

Computation Accounts Receivable Accounts Receivable Account Receivables 40

Accounting Tools

FEBRUARY 5, 2024

What is an Invoice? An invoice is a document submitted to a customer, identifying a transaction for which the customer owes payment to the issuer. It provides documentation and a reminder to the customer that it owes the seller the amount stated on the invoice. It may be issued on paper or in an electronic format. The Problem With a Missing Invoice Number The main identifier used to track any supplier invoice is the invoice number.

Invoicing 40

Invoicing Accounts Payable Accounts Payable Computation 40

Speaker: Debra L. Robinson

CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.

CPA