Mon.Apr 29, 2024

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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.

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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.

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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
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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
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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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The permanence of change

Accounting Today

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

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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.

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More Trending

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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.

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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.

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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.

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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.

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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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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.

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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.

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FreshBooks launches FreshBooks Payments

Insightful Accountant

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

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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.

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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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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.

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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.

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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.

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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.

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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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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.

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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.

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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.

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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.

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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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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.

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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.

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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.

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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.

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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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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.

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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.

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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.

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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

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Cash Flow Secrets Every Upskilled CPA Should Know

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.