Accounting Today

JUNE 6, 2024

A recent survey from Thomson Reuters said auditors find new technology that assists during the execution/fieldwork phase of an engagement to be most useful.

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Auditing 321

Accounting Department

JUNE 6, 2024

In today's tumultuous economic climate, the importance of sound financial strategy cannot be overstated—especially for small and medium-sized businesses that might not have the buffer of large corporations. Financial Planning & Analysis (FP&A) isn't just a set of buzzwords; it's a compass for navigating the murky waters of modern economics. As we approach the second half of 2024, now is the time for businesses to fortify their financial plans.

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Bookkeeping Services Outsourced Bookkeeping Account Bookkeeping Bookkeeping 221

Accounting Today

JUNE 6, 2024

The freedom of working remotely while traveling the world doesn't include freedom from tax compliance issues.

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Tax 336

Bookkeeping Essentials

JUNE 6, 2024

Where to find online bookkeeping courses and bookkeeping training. just the bookkeeping basics for the home-based small business doing their own books. and bookkeepers wanting certification.

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Bookkeeping 94

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

JUNE 6, 2024

Officials discussed some of the latest accounting standards and advice for auditing firms during a USC and FEI conference.

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Auditing Accounting Accounting 325

Accounting Tools

JUNE 6, 2024

What is Super-Variable Costing? Super-variable costing only considers totally variable costs to be part of the cost of inventory. All other costs are charged to expense in the period incurred. This typically means that only direct materials are included in the cost of inventory. The result of this approach is that nearly all costs of production are charged to expense at once, resulting in lower reported profits in the short term.

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Auditing Accounting Accounting 75

Economize

JUNE 6, 2024

Introduction to AWS CloudFormation AWS CloudFormation stands out as a powerful tool designed to simplify the process of provisioning and managing a collection of AWS resources. This powerful service enables you to model and set up your entire cloud environment in a consistent manner, ensuring that your deployments are both reliable and scalable.

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Collections Computation 64

Accounting Today

JUNE 6, 2024

The timing of restructuring will be critical, though, thanks to its significant tax implications.

Tax 321

Tax 321

Bookkeeping Essentials

JUNE 6, 2024

Independent contractor rules are used as an IRS checklist to determine if you have misclassified employees. Learn why this is a frequently audited area.

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Auditing 75

Accounting Today

JUNE 6, 2024

The practice aid provides information on auditing the valuation of cryptoassets and audit procedures surrounding their existence, rights and obligations.

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Auditing 211

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

Insightful Accountant

JUNE 6, 2024

QuickBooks Payments recently added the ability for QuickBooks users to send their customers invoices via Text-message.

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Invoicing QuickBooks 83

Accounting Today

JUNE 6, 2024

Tigran Gambaryan is accused alongside the company of charges including nonpayment of value-added tax and corporate income tax, and complicity in aiding customers to evade taxes through its platform.

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Tax 182

Outsourced Bookeeping

JUNE 6, 2024

The issue of tax registration is often quite intricate and challenging to address, particularly in the context of the contemporary environment that is rapidly changing, such as the UAE. By 2024, there have been impressive advancements in the efficiency of the taxation system in the UAE where the companies are assisted to fully and effortlessly meet their legal obligations and consequently concentrate on their progress.

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Tax Outsourced Bookkeeping Bookkeeping Auditing 59

Accounting Today

JUNE 6, 2024

It's time finance and accounting leaders seriously considered automating AP functions and marking its place as a standard business practice.

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Accounts Payable Accounts Payable AP Accounting 150

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.

Accounting

Bookkeeping Essentials

JUNE 6, 2024

Hiring independent contractors requires some tax reporting. In the U.S., you must issue a 1099MISC. In Canada, a T4A or T4A-NR is issued.

Tax 74

Tax 74

accountingfly

JUNE 6, 2024

Top Remote Accounting Candidates This Week Looking for remote accountants? Accountingfly can help! With our ‘ Always-On Recruiting ‘ program, you can access highly skilled and experienced remote accountants with no upfront cost. These are just a few of our top candidates this week. Sign up now to receive the full list of top accounting candidates available weekly!

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CPA Accounting Accounting QuickBooks 52

Enterprise Recovery

JUNE 6, 2024

Credit managers can help your business by ensuring the smooth functioning of credit operations. They are responsible for assessing the creditworthiness of potential clients and managing credit limits to prevent late payments and minimize financial risks. They also play a vital role in collecting accounts receivable and bad debt. By understanding the role of a credit manager in your business, you can effectively utilize their expertise to optimize cash flow and maintain a healthy financial positi

Accounts Receivable 52

Accounts Receivable Accounts Receivable Account Receivables Collections 52

oAppsNet

JUNE 6, 2024

Effective management of maintenance work orders is crucial for any organization aiming to maintain and enhance its operational efficiency, asset reliability, and customer satisfaction. Maintenance work orders, which direct the maintenance tasks on equipment or facilities, are pivotal for scheduling, tracking, and documenting maintenance activities. Implementing strategic management practices ensures these orders are handled efficiently, minimizing downtime and prolonging asset life.

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Collections Accounting Accounting 52

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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.

Financial Statements

Nanonets

JUNE 6, 2024

Salesforce is a leading customer relationship management (CRM) platform empowering businesses to connect with customers in innovative ways. Traditionally, managing customer interactions and data involved numerous manual tasks, such as data entry, report generation, and lead tracking. These tasks are not only time-consuming but also prone to human errors, which can lead to inefficiencies and missed opportunities.

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Data Entry Invoice Processing Invoicing Purchase Order 52

Jetpack Workflow

JUNE 6, 2024

Podcast Summary In this episode of Growing Your Firm, host David Cristello, founder, and CEO of Jetpack Workflow, welcomes Jessica Zoraida , a Latina entrepreneur and CEO of Big Picture Results. Jessica shares her journey of being self-taught, launching her firm, and navigating various pivots and transitions. Big Picture Results is an accounting and tax company dedicated to helping profitable, growing businesses, particularly those operated by marginalized populations, maximize their financial

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AR Corporate Finance Billing Tax 52

Bookkeeping Essentials

JUNE 6, 2024

Bookkeeping certification information for Canadian & American bookkeepers - memberships that help professionalize & increase the quality of your bookkeeping.

Bookkeeping 52

Bookkeeping 52

Insightful Accountant

JUNE 6, 2024

Finding software that seamlessly integrates with QuickBooks and tackles the unique challenges of your field can feel like an impossible quest. But fear not, BatchMaster is here to help.

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QuickBooks 40

Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

Accounting Tools

JUNE 6, 2024

What is the Cutoff Date in Accounting? In accounting, the cutoff date is the point in time that delineates when additional business transactions are to be recorded in the following reporting period. For example, January 31 is the cutoff date for all transactions that will be recorded in the month of January. All transactions occurring after that date will be recorded in February or later months.

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Financial Statements Auditing Accounting Accounting 40

Accounting Tools

JUNE 6, 2024

When to Record Repair and Maintenance Costs as an Expense Repair and maintenance costs are incurred in order to restore the condition of an asset. The proper accounting for these costs is to charge them to expense in the period incurred, when using the accrual basis of accounting. When using the cash basis of accounting , the cost is charged to expense when the associated supplier invoice is paid.

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Accruals Accounting Accounting Bookkeeping 40

Accounting Tools

JUNE 6, 2024

What is a Stores Requisition? A stores requisition is a form that a user fills out when removing parts from storage. The form is used by the organization's cost accounting system to charge the cost of the parts to a job, as well as to track inventory levels. When inventory is being sent to a department, the form is the basis for a charge to that department, and so is considered a source document of the accounting system.

Cost Accounting 40

Cost Accounting Accounting Accounting 40

Accounting Tools

JUNE 6, 2024

When revenue is earned will depend on whether you use the accrual basis of accounting or the cash basis. Under the accrual basis, revenue is recorded when it is earned, while revenue is recorded under the cash basis when the associated cash is received from the customer. This is a relatively simple matter under the cash basis, since it is dependent on just one event - the receipt of cash.

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Accruals Accounting Accounting 40

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.

Accounting Tools

JUNE 6, 2024

What is Preferred Stock? Preferred stock is a class of equity ownership that has a more senior claim on the earnings and assets of a business than common stock. In the event of liquidation , the holders of preferred stock must be paid off before common stockholders, but after secured creditors. Preferred stock also pays a dividend ; this payment is usually cumulative, so any delayed prior payments must also be paid before distributions can be made to the holders of common stock.

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Corporate Finance 40