Accounting Today

JULY 15, 2024

The Internal Revenue Service could be doing a better job of cracking down on tax noncompliance by users of virtual currency or digital assets, according to a new report.

Tax 338

Tax 338

Xero

JULY 15, 2024

The tax-time crunch is wrapping up, meaning the new financial year is here. And whether you’re looking to avoid the same end- of-financial-year stress next year, or streamline your operations – every small business can benefit from starting the new financial year with the right apps in their app stack. What’s an app stack? An app stack is another name for the set of apps that you use to run your business.

XERO 195

XERO Reconciling Invoicing Accounts Payable 195

Accounting Today

JULY 15, 2024

The IRS warned about bad advice that's being peddled on social media promoting a bogus "Self Employment Tax Credit" and prompting unsuspecting taxpayers to file false claims for the credit.

Tax 314

Tax 314

Enterprise Recovery

JULY 15, 2024

Retention marketing is the practice of implementing strategies and techniques to keep existing clients engaged and loyal to your business. While acquiring new customers is important, retaining existing ones is more valuable for the long-term success of your business. By focusing on client retention, you can build strong relationships, increase customer satisfaction, and ultimately drive revenue growth.

76

76

Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms

Join Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms for an informational webinar about how to select the ideal payments provider for your platform! This session highlights the 7 key criteria for assessing payments partners and maximizing the value of your investment. From evaluating technology and business development programs to understanding support and compliance, this webinar will equip you with a comprehensive evaluation framework and strategy for

Accounting Today

JULY 15, 2024

CliftonLarsonAllen CEO Jen Leary has been focusing on expanding the firm's appeal, especially to young accountants, as CLA grows its international network.

Accounting 309

Accounting Accounting 309

Nolan Accounting Center

JULY 15, 2024

As a small business owner, you should want to improve your business operations. Indeed, every business owner should recognize that improving operating efficiency must be an ongoing endeavor. As American editor and publisher Clarence W. Barron stated, “Everything can be improved.” More pointedly, Japanese consultant Masaaki Imai said, “Not a day should go by without some kind of improvement made somewhere in the company.

Customer Service 73

Customer Service Payroll Budgeting Collections 73

Accounting Tools

JULY 15, 2024

What is Goods in Transit? Goods in transit refers to merchandise and other types of inventory that have left the shipping dock of the seller, but not yet reached the receiving dock of the buyer. The concept is used to indicate whether the buyer or seller of goods has taken possession, and who is paying for transport. Ideally, either the seller or the buyer should record goods in transit in its accounting records.

Accounts Payable 76

Accounts Payable Accounts Payable Auditing Accounting 76

Accounting Today

JULY 15, 2024

Wolters Kluwer announced CCH Tagetik Tax Provision & Reporting, a solution offering data collection and group tax provision calculations for multinationals.

Tax 174

Tax Collections Accounting Accounting 174

Accounting Tools

JULY 15, 2024

What are Taxation Principles? Taxation principles are the guidelines that a governing entity should use when devising a system of taxation. These principles include the following items: Broad application. The system of taxation should be spread across a broadest possible population, so that no one person or entity is taxed excessively. Instead, the entire population shares in the taxation burden.

Collections 75

Collections Tax 75

Accounting Today

JULY 15, 2024

OneStream Inc. and a group of shareholders including KKR & Co. are seeking to raise $465.5 million in a U.S. initial public offering.

Accounting Software 174

Accounting Software Accounting Accounting 174

Advertisement

Uncover the latest trends in expense management for small and medium-sized businesses. Our 5th Annual Trends Survey reveals that corporate card use is skyrocketing, but expense software isn't keeping up. This mismatch is creating real challenges for finance teams, who now take an average of 14 days to close their books. Travel policies are shifting to accommodate hybrid work, but many companies are struggling with off-tool bookings.

Accounting Tools

JULY 15, 2024

What is Profit Planning? Profit planning is the set of actions taken to achieve a targeted profit level. These actions involve the development of an interlocking set of budgets that roll up into a master budget. The management team adjusts the information in this set of budgets to arrive at the combination of actions needed to arrive at the targeted profit level.

Budgeting 75

Budgeting Computation 75

Accounting Today

JULY 15, 2024

Test your accounting knowledge on AI layoffs, the IRS Direct File program, and more. No. 2 pencil not required!

Accounting 186

Accounting Accounting 186

Accounting Tools

JULY 15, 2024

What is the Provision for Doubtful Debts? The provision for doubtful debts is the estimated amount of bad debt that will arise from accounts receivable that have been issued but not yet collected. It is identical to the allowance for doubtful accounts. The provision is used under accrual basis accounting , so that an expense is recognized for probable bad debts as soon as invoices are issued to customers , rather than waiting several months to find out exactly which invoices turned out to be unc

Accounts Receivable 75

Accounts Receivable Accounts Receivable Account Receivables Accruals 75

Accounting Today

JULY 15, 2024

The combination of variable prepaid forwards with long and short equity positions outpaces the after-tax returns of a direct indexing strategy, a new study found.

Tax 128

Tax 128

Speaker: Duke Heninger

With the rise of fractional finance roles, many CFOs, FP&A professionals, controllers, and accountants are stepping into independent consulting. The expansion of fractional services presents new opportunities for finance professionals, but many face challenges in navigating this transition, finding it daunting. Whether you’re new to fractional work or refining your approach, this webinar will equip you with a repeatable system for success.

Accounting

Accounting Tools

JULY 15, 2024

What are the Basics of Cost Accounting? Cost accounting is the art of translating the costs incurred by a business into actionable analyses that can improve operations and profits. Here are several basic ways in which to use cost accounting: Activity-based costing. This is a methodology for more precisely allocating overhead costs to products and services.

Cost Accounting 73

Cost Accounting Accounting Accounting Billing 73

Insightful Accountant

JULY 15, 2024

If you missed our recent App Academy webinar, Intuit shared how to leverage ProConnect Tax solutions to streamline the workflow across Books-Income Tax-Advisory to enable you to automate compliance tasks.

Tax 59

Tax 59

finout

JULY 15, 2024

As organizations increasingly shift to cloud computing, managing cloud costs emerges as a primary concern. The flexibility and scalability of platforms like Amazon Web Services (AWS) bring significant benefits but also introduce tremendous complexity in tracking and controlling expenses. The dynamic nature of cloud billing, with its myriad of services and pricing options, often leads to unexpected costs, making it challenging for organizations to stay within budget.

FinOps 52

FinOps FinOps Computation Budgeting 52

Insightful Accountant

JULY 15, 2024

Why wait? Now is a perfect time to join the many ProAdvisors who have already started the 2025 ProAdvisor Awards process by nominating a fellow ProAdvisor, being nominated by a colleague or client, or applying.

52

52

Speaker: Igli Laci, Strategic Finance Leader

In today’s competitive market, pricing is more than just a number — it’s the cornerstone of profitability. The right pricing strategy ensures that you capture the true value of your offering, paving the way for sustainable growth and long-term success. Join Igli Laci, Strategic Finance Leader, in this exclusive session where he will explore how a well-crafted pricing approach balances customer perception with business objectives, creating a powerful tool for securing both competitive advantage a

Accounting Tools

JULY 15, 2024

What is a Step Fixed Cost? A step fixed cost is a cost that does not change within certain high and low thresholds of activity, but which will change when these thresholds are breached. When the cost changes as a result of a threshold breach, a new set of high and low activity thresholds will then apply, within which the fixed cost will not change appreciably.

Financial Analysis 40

Financial Analysis Cost Accounting Accounting Accounting 40

Insightful Accountant

JULY 15, 2024

Janel Sykora, Kellie Parks and Christine Gervais kick of Insightful Accountant's Be Insightful membership program with CPE Webinars, Q&A sessions and actionable steps to grow your firm.

Accounting 52

Accounting Accounting 52

Accounting Tools

JULY 15, 2024

What is the Bank Reconciliation Process? The bank reconciliation process involves comparing the internal and bank records for a bank account , and adjusting the internal records as necessary to bring the two into alignment. This is done to ensure that an organization’s recorded cash balance is accurate. The bank reconciliation process is usually accomplished with the bank reconciliation module in an accounting software package.

Bank Reconciliation 40

Bank Reconciliation Deposits Reconciling Accounting Software 40

Billing Platform

JULY 15, 2024

Also referred to as yield management, revenue management can be described in extremely simplistic terms ( selling the right product, to the right customer, at the right price, through the right channel ) or defined in a more complex manner. Brought mainstream by industries like hospitality and airlines, revenue management is a discipline that combines data mining, analytics, and operations research to understand customer behavior.

Customer Service 52

Customer Service General Ledger Billing Invoicing 52

Advertiser: Paycor

Year-end can be a hectic time for HR professionals, but with proper planning and organization, you can navigate it smoothly. Learn the main watch outs for year-end HR prep with Paycor’s helpful checklist covering employee data, wage and tax information, and special situations. Ensure compliance and efficiency by downloading today!

Tax

Accounting Tools

JULY 15, 2024

What is the Unit of Production Method? The unit of production method is a technique for charging capitalized costs to expense in the oil and gas industry, using the ratio of produced units to reserves. This is done by estimating the total number of units of proved oil or gas reserves and dividing actual production in the period by the beginning proved reserves to derive the amortization rate.

Computation 40

Computation Accounting Accounting 40

Accounting Tools

JULY 15, 2024

What is Wealth Maximization? Wealth maximization is the concept of increasing the value of a business in order to increase the value of the shares held by its stockholders. The concept requires a company's management team to continually search for the highest possible returns on funds invested in the business, while mitigating any associated risk of loss.

40

40

Accounting Tools

JULY 15, 2024

What is the Equity Method? The equity method of accounting is used to account for an organization’s investment in another entity (the investee). This method is only used when the investor has significant influence over the investee. Under this method, the investor recognizes its share of the profits and losses of the investee in the periods when these profits and losses are also reflected in the accounts of the investee.

Accounting 40

Accounting Accounting 40

Accounting Tools

JULY 15, 2024

What is the Contribution Margin Ratio? The contribution margin ratio is the difference between a company's sales and variable expenses , expressed as a percentage. The total margin generated by an entity represents the total earnings available to pay for fixed expenses and generate a profit. When used on an individual unit sale, the ratio expresses the proportion of profit generated on that specific sale.

Financial Analysis 52

Financial Analysis Financial Statements Budgeting Accounting 52

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

A good, fast, clean audit leads to a happy work life. Join us in this one-hour webinar, where we share the best ways to prepare and conduct your audit process to maximize audit satisfaction and minimize administrative time in month-end close and financial reporting. Learning objectives: This course objective is to review leading practices to maximize audit success.

Auditing

Accounting Tools

JULY 15, 2024

What is the Implicit Interest Rate? An implicit interest rate is an interest rate that is not specifically stated in a business transaction. Any accounting transaction that involves a stream of payments extending over multiple future periods must incorporate an interest rate, even if there is no rate stated in the related business contract. Otherwise, the contract does not reflect the expense associated with delaying payments over a period of time, which is known as interest expense.

Financial Analysis 40

Financial Analysis Accounting Accounting 40

Accounting Tools

JULY 15, 2024

What are Asset Recognition Criteria? Asset recognition criteria are needed to determine which assets will be included in the balance sheet. When an expenditure is made, it can either be recognized as an expense or an asset , with recognition as an expense being the default presumption. Most expenditures will be recognized at once as expenses, since they reflect the immediate consumption of the underlying expenditure.

Bookkeeping 40

Bookkeeping Accounting Accounting 40

Accounting Tools

JULY 15, 2024

What is the Doomsday Ratio? The doomsday ratio is the most conservative measure of the ability of a business to pay its short-term obligations. The name is derived from the assumption that, if a business were on the verge of bankruptcy , could it still pay its bills right now? The ratio is not actually used for that purpose, but rather to determine the adequacy of the amount of cash on hand.

Financial Statements 40

Financial Statements Billing Accounting Accounting 40