Mon.Apr 29, 2024

article thumbnail

How AI is transforming accounting

Accounting Today

A recent survey from EY found that 90% of respondents already use at least some AI in their work, and other recent developments around the technology.

article thumbnail

Insightful Accountant's Top 100 ProAdvisors for 2024

Insightful Accountant

Insightful Accountant proudly announces this year's Top 100 ProAdvisors along with our Emeritus ProAdvisors of the Year. Congratulations to all being recognized for this year's awards.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

IRS issues guidance for new round of advanced energy project credits

Accounting Today

Notice 2024-36 announces the second round of credit allocations for a program to allocate the remaining $6 billion in credits.

Tax 331
article thumbnail

Why training is key to the success of your AP Automation plan

Cevinio

Discover the essential role of a comprehensive training program in our latest blog, which highlights why it's the first critical step in any successful AP automation plan for automated invoice processing.

AP 100
article thumbnail

Breaking Ground on Better Payment Processes: Strategies for Construction Pros

Speaker: Timothy Allsopp

Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.

article thumbnail

The permanence of change

Accounting Today

The truth that most things are writ in water may as well be carved in stone.

314
314
article thumbnail

Voting for 2024 International ProAdvisors Ends Tonight

Insightful Accountant

Tonight is your very last opportunity to cast your vote for our candidates for the 2024 International ProAdvisor Awards.

98

More Trending

article thumbnail

Short-term debt definition

Accounting Tools

What is Short-Term Debt? Short-term debt is the amount of a loan that is payable to the lender within one year. Other types of short-term debt include accounts payable, commercial paper , lines of credit , and lease obligations. The balance in the short-term debt account is a major consideration when evaluating the liquidity of a business. Evaluating Short-Term Debt To evaluate short-term debt, compare the current assets figure on the balance sheet to the current liabilities figure.

article thumbnail

IFRS revenue and expenses jump 41%

Accounting Today

The IFRS Foundation attributed the increase in revenue and expenses to consolidated operations in its 2023 annual report.

article thumbnail

Is Xero Worth It for a Small Bookkeeping Business?

Outsourced Bookeeping

Are you stuck with managing your small business’s payroll, bookkeeping, invoicing, inventory, receipts, expenses, and finances without any free time? Then, a small business accounting cloud-based software is the best one-stop solution for all your accounting needs. And out of the many flooded in the market, the Xero bookkeeping software has been a trusted partner among many users.

XERO 52
article thumbnail

PCAOB IAG seeks nominations for best CAMs, KAMs

Accounting Today

The PCAOB Investor Advisory Group is accepting public nominations for the most decision-useful CAMs or KAMs of 2023.

Auditing 195
article thumbnail

The Growth Architect: How Financial Leaders are Unlocking Potential

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

article thumbnail

Should You Buy a Business, Franchise, or Real Estate?

CSI Accounting & Payroll

You can know that you want to own a small business – and even which industry you want to operate in – but still not know whether you want to buy or start a business. That’s perfectly normal, and you should weigh out your options before deciding. What are the pros and cons of each? At CSI Accounting & Payroll, we’ve worked with small businesses for over 50 years.

Payroll 52
article thumbnail

Art of Accounting: How to make clients your sales team

Accounting Today

Learn how to get more referrals from existing clients who are truly happy about their relationship with you.

article thumbnail

FreshBooks launches FreshBooks Payments

Insightful Accountant

FreshBooks expands payment operations for business owners with new and innovative Stripe Connect features.

52
article thumbnail

Purchase Order Form

Tipalti

Purchase order forms are a key element of any procurement process, but can differ in format and purpose. Learn how to create your own purchase order form to fit your business’s needs.

article thumbnail

2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

article thumbnail

Efficiently Handle IRS Notices with Tech

Insightful Accountant

IRS notices surged in 2024 after a pandemic pause, causing confusion and stress for clients receiving past due balance notifications from as far back as 2020.

52
article thumbnail

Procurement Audit

Tipalti

A procurement audit is a recurring and critical part of the purchasing process to prevent overspending and increase supplier trust. Let’s dive into how to successfully conduct a procurement audit.

article thumbnail

How to Pay Vendors in QuickBooks Online and Desktop

Nanonets

If you want to keep your vendors happy, you need to make sure they’re paid on time. That’s where QuickBooks comes in. QuickBooks Online and QuickBooks Desktop offer several ways to make your vendor payment process easier. In this blog post, you’ll learn how to pay vendors in both online and desktop versions of QuickBooks. Whether you prefer online bill pay or traditional checks, we’ll walk you through the process.

article thumbnail

What Is Spend Data Management?

Tipalti

A quality spend data management system allows businesses to seamlessly manage their finances and spend more efficiently. Learn the ins and outs of spend management to maximize your bottom line.

52
article thumbnail

From Start to Scale: Driving Growth Through Seamless Payments Implementation

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

article thumbnail

Best Intercompany reconciliation software

Nanonets

Unlocking Efficiency: A Guide to Intercompany Reconciliation Software Modern businesses, with the predominance of remote work and globalised operations, often have to deal with intercompany transactions. Managing such transactions can be cumbersome without the right tools and solutions, however.  But intercompany reconciliation softwares are an answer to this challenge, streamlining the process and ensuring accuracy in financial reporting.

article thumbnail

Lawyer leverage definition

Accounting Tools

What is Lawyer Leverage? Lawyer leverage is the ratio of equity partners to all other lawyers in a firm. When there is a high leverage ratio, this indicates that the distributable income of the equity partners should increase, since they are benefiting from the profits generated by everyone else in the firm. This concept only works when the non-partner personnel are sufficiently highly utilized to generate enough fee income to cover their direct costs.

Billing 40
article thumbnail

Best credit card reconciliation software

Nanonets

The Top Credit Card Reconciliation Softwares in 2024 Credit card reconciliation is a crucial aspect of financial management for businesses of all sizes. It is the process of comparing and matching credit card transactions with corresponding spends and financial records to ensure accuracy and transparency in financial reporting.  As businesses increasingly rely on credit cards for various expenses, the need for efficient reconciliation processes becomes more important.

article thumbnail

Out of stock definition

Accounting Tools

What is Out of Stock? Out of stock is an inventory condition, stating that an item is not currently available for sale or use. An out of stock condition can cost a company a sale , so these items are usually closely monitored. When inventory is not available, a business may offer to sell a comparable item, or will backorder goods until they are available at a later date.

article thumbnail

Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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.

article thumbnail

Best Balance sheet reconciliation Software

Nanonets

Imagine you're a financial manager at a bustling enterprise, entrusted with the responsibility of ensuring the accuracy and integrity of your company's financial records. As you look into the labyrinth of spreadsheets and ledger entries, you stumble upon discrepancies in your balance sheet—a familiar scenario for many finance professionals.

article thumbnail

Modernizing Purchase Requests

Tipalti

Learn how to optimize and future-proof your purchase requests by overcoming fragmented, siloed workflows by using modern procurement tools, such as procurement automation.

40
article thumbnail

Scrip dividend definition

Accounting Tools

What is a Scrip Dividend? A scrip dividend is new shares of an issuer's stock that are issued to shareholders instead of a dividend. Scrip dividends may be used when issuers have too little cash available to issue a cash dividend, but still want to pay their shareholders in some manner. Scrip dividends may also be offered to shareholders as an alternative to a cash dividend, so that their dividend payments are automatically rolled into more shares.

article thumbnail

Trump's economic confidants battle for sway on tax, Fed policy

Accounting Today

In recent weeks, informal advisers have floated ideas such as a proposal for a flat tax, penalties for countries that shift away from the dollar, and reforms to the Fed.

Tax 145
article thumbnail

Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.

article thumbnail

Statutory audit definition

Accounting Tools

What is a Statutory Audit? A statutory audit is an examination of an entity's financial records in accordance with the requirements of a government agency. A number of organizations must undergo statutory audits, including banks, brokerage firms, insurance companies, and municipalities. These entities must undergo statutory audits because they are subject to a certain amount of governmental oversight.

article thumbnail

Surplus definition

Accounting Tools

What is a Surplus in Business? A surplus is the residual amount of resources remaining after a period of usage. In the manufacturing area, a surplus refers to the excess amount of goods that were produced but could not be sold; in this case, a surplus may be bad, since the extra goods tie up working capital and may need to be written off if they become obsolete or spoil.

article thumbnail

Simple yield definition

Accounting Tools

What is Simple Yield? Simple yield is the amount of interest received from an investment, divided by the current market price or face value of the associated investment. This is a simplified calculation used to approximate the return on an investment, without accounting for the compounding effect of these returns over time. This measure also does not account for any realized or unrealized gains or losses on these investments.

article thumbnail

Stockholder definition

Accounting Tools

What is a Stockholder? A stockholder is a person or entity that owns shares in a corporation. A stockholder may own the preferred stock or common stock of a corporation (or both). Preferred stock may have special voting rights, dividends , and other features that are not available for common stock. A stockholder is accorded certain rights in respect to the shares held, which most commonly involve voting for members of the corporate board of directors and voting on certain policy issues, as well

article thumbnail

Back to Basics with Reconciliations

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.