Accounting Today
JULY 12, 2024
The Financial Accounting Standards Board released a new chapter of its Conceptual Framework on the measurement of items recognized in financial statements, while also drawing that project to a close.
Ace Cloud Hosting
JULY 12, 2024
Navigating through QuickBooks and its extensive capabilities can be overwhelming, particularly for those without an accounting background. This is where a QuickBooks ProAdvisor comes in! A QuickBooks ProAdvisor is an.
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Accounting Today
JULY 12, 2024
Plus, Biller Genie launches QuickBooks Desktop integration, PayPal integration; and other accounting technology news.
Accounting Tools
JULY 12, 2024
What is the Capital Expenditure Budget? A capital expenditure budget is a formal plan that states the amounts and timing of fixed asset purchases by an organization. This budget is part of the annual budget used by a firm, which is intended to organize activities for the upcoming year. Capital expenditures can involve a wide array of expenditures , including upgrades to existing assets, the construction of new facilities, and equipment required for new hires.
Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting
Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical
Accounting Today
JULY 12, 2024
Grant Thornton names three regional leaders; Schneider Downs establishes new subsidiary; and more news from across the profession.
Accounting Tools
JULY 12, 2024
What is the Cost of Labor? The cost of labor is the salaries and wages paid to employees , plus related payroll taxes and benefits. The term may also relate to a specific time period or a job (if the employer is using a job costing system to track costs). The cost of labor may be subdivided into the cost of labor related to the production of goods (known as the cost of direct labor ) and the cost of labor related to all other activities (known as the cost of indirect labor ).
Financial Ops World brings together the best financial operations content from the widest variety of thought leaders.
Accounting Tools
JULY 12, 2024
What is Governmental Accounting? Governmental accounting maintains tight control over resources, while also compartmentalizing activities into different funds in order to clarify how resources are being directed at various programs. This approach to accounting is used by all types of government entities, including federal, state, county, municipal, and special-purpose entities.
Accounting Today
JULY 12, 2024
Both accounting firms and the businesses they serve will grab onto the automation wave or die.
Accounting Tools
JULY 12, 2024
What is the Accounting for Derivatives? A derivative is a financial instrument whose value changes in relation to changes in a variable, such as an interest rate , commodity price, credit rating , or foreign exchange rate. There are two key concepts in the accounting for derivatives. The first is that ongoing changes in the fair value of derivatives not used in hedging arrangements are generally recognized in earnings at once.
Jetpack Workflow
JULY 12, 2024
Each month we will be sharing a quick product update on Jetpack Workflow. What you’ll find in this content can be things like product improvements, new feature releases, what is on the upcoming roadmap, and anything else that is relevant to your accounting workflow success. We often get busy behind the scenes of the product that we don’t get to share publicly about all the cool things our team is working on.
Speaker: Amanda Adams, Fractional CFO, CPA
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.
Accounting Tools
JULY 12, 2024
What is a Balance Sheet? A balance sheet lays out the ending balances in a company's asset , liability , and equity accounts as of the date stated on the report. As such, it provides a picture of what a business owns and owes, as well as how much as been invested in it. The balance sheet is commonly used for a great deal of financial analysis of a business' performance.
Economize
JULY 12, 2024
Importance of understanding S3 Glacier costs For companies looking to fine-tune their operations and secure a strategic advantage, understanding Amazon Glacier pricing is indispensable. Knowing what you’re likely to spend on data storage helps tremendously with budgeting and making sure resources are used wisely.
Accounting Tools
JULY 12, 2024
What is Manufacturing Cycle Time? Manufacturing cycle time is the interval needed to convert raw materials into finished goods. A detailed analysis of this time period can result in a significant reduction in the amount of time needed to convert a customer order into a finished product, which can represent a significant competitive advantage. Manufacturing cycle time is comprised of the following four types of elapsed time: Process Time Process time is the time required to actually work on the c
NextProcess
JULY 12, 2024
Your accounts payable (AP) department deals with a large number of internal and external customers. Within the company, AP works with purchasing and receiving to authenticate invoices and make payments. They also play a huge role in managing cash flow and can play a strategic role by supplying data and advice to other departments and the CFO. AP also works with groups outside the company.
Speaker: Abdi Ali, Sr. Lease Accounting Consultant
Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.
Insightful Accountant
JULY 12, 2024
For accounting firms to expand their services into Client Advisory Services (CAS) specifically tailored for the agricultural sector. Traditionally, accounting services have focused on tax and compliance, but CAS offers a path to exponential growth.
Accounting Tools
JULY 12, 2024
What are the Sales Cycle Stages? The sales cycle stages are the steps required to close a sale with a customer. The duration of the sales cycle, as well as the success rate at each stage of it, is closely watched to see if a sales department is effectively using its time to close deals. The stages in the sales cycle are noted below. Step 1. Understand the Product A salesperson must not only understand the features of a product, but also how it relates to a customer.
Nanonets
JULY 12, 2024
In today's data-driven world, forms are everywhere, and form data extraction has become crucial. These documents collect information efficiently but often require manual processing. That's where intelligent document processing (IDP) comes in. IDP leverages OCR, AI, and ML to automate form processing, making data extraction faster and more accurate than traditional methods.
Accounting Tools
JULY 12, 2024
What is the Book-to-Bill Ratio? The book-to-bill ratio compares the amount of new orders obtained to the amount of goods and services billed in a measurement period. When this ratio is expanding (the ratio is greater than 1), it indicates that an organization is able to replace its order backlog with new orders. Conversely, when this ratio is declining (the ratio is less than 1), it is a strong indicator of impending trouble, since a business is now facing the prospect of eventually having no ba
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Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.
Accounting Fun
JULY 12, 2024
The colour scheme on your spreadsheet is actually important It's infuriating when a balance sheet doesn't balance They believe tax season only lasts a week No one wants to know when your cash flow shows no flow Everyone thinks you can help them pay less tax They only call when they want tax advice New versions of Excel are really exciting "Variance analysis" sounds like a psychological condition Everything in life can be reduced to debits and credits They think "fiscal year" is just a typo for "
Accounting Tools
JULY 12, 2024
What is Sensitivity Analysis? Sensitivity analysis is the use of multiple what-if scenarios to model a range of possible outcomes. The technique is used to evaluate alternative business decisions, employing different assumptions about variables. A particularly useful aspect of sensitivity analysis is to locate those variables that can have an unusually large impact on the outcome of the analysis.
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