Mon.May 06, 2024

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Making the (use) case for AI

Accounting Today

Accounting firms that have embraced artificial intelligence are primarily using it to analyze documents, automate tasks and bolster client communication.

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Greg Johnson returns to Intuit as EVP, Chief Commercial Officer and Global Small Business Self Employed Group Chief Revenue Officer

Intuit

Greg Johnson, has returned to Intuit as EVP, Intuit Chief Commercial Officer and Global Small Business Self Employed Group Chief Revenue Officer. In his Chief Commercial Officer role, Greg will partner across Intuit brands to accelerate Intuit’s commercial growth strategy. This will include customer-back segmentation, product lineup, pricing, and go-to-market activities, as well as brand, marketing and communications for the company.

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AI's critical role in enhancing cybersecurity

Accounting Today

Among the concerns of using AI in accounting are the potential risks to the security and privacy of data.

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Will AI Replace Accountants? (Find The Answer)

Ace Cloud Hosting

Will AI replace accountants in near future? It’s a question on many minds. The world is evolving fast, especially with technology. As someone in accounting, you’re probably curious about what.

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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 With construction projects becoming more complex, outdated processes are no longer sustainable.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.

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Accountants share how they're using AI

Accounting Today

What exactly are accountants doing with artificial intelligence? Turns out, a lot.

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Navigating Debt Collection Challenges in the Tech Industry

Enterprise Recovery

The tech industry is known for its rapid growth and innovation but faces unique challenges regarding debt collection and non-paying clients. Understanding the intricacies of debt collection in this sector is essential for companies to recover payments and maintain financial stability. Learn more about the complexities of debt collection within the tech industry and the strategies for successful payment recovery.

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AI's 'Killer Function': Personal Agents That Work for You

Blake Oliver

Sam Altman says that helpful agents will be AI's "killer function," integrating deeply into our lives and acting as extensions of ourselves. It sounds like science fiction, but you can start doing this now!

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PCAOB warns about auditing commercial real estate

Accounting Today

The Public Company Accounting Oversight Board released a report highlighting special auditing considerations in the commercial real estate market, at a time when many office buildings have lost tenants due to remote work and empty space has grown.

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Monday Minute | QB Live Expert Assisted Bookkeeping: The Why

Insightful Accountant

Intuit has recently announced a new service called QB Live Expert Assisted Bookkeeping. However, this move has understandably sparked mixed reactions within the accounting community. Read more about it!

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IRS needs to do more on 'Lifting Communities Up'

Accounting Today

The Internal Revenue Service is falling short on its initiative to expand jobs, services, and assistance to taxpayers in underserved populations in the Mississippi Delta, according to a new report.

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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.

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A Complete Guide to BlackLine Account Reconciliation

Nanonets

Spreadsheets like Excel have long been a staple for account reconciliation , but their limitations are becoming increasingly evident. Issues such as version control, formula errors, and manual data entry pose significant risks to accuracy and efficiency. According to the ACCA, over 90% of spreadsheets have significant errors , despite over 90% of spreadsheet users being confident in the accuracy of their spreadsheets.

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Buffett says US corporate taxes likely to rise to tame deficit

Accounting Today

U.S. taxes are likely to rise as lawmakers look to narrow the federal deficit, Warren Buffett said, as Washington prepares for major tax negotiations next year.

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What Is General Ledger Reconciliation?

Nanonets

General Ledger Reconciliation The General Ledger (GL) is a silent custodian of a company's financial narrative. It is a record of all financial transactions of an enterprise and provides a comprehensive account of the organization's monetary activities. However, the GL is not the sole repository of financial data. Businesses maintain a multitude of other financial documents, including bank statements, invoices , bills, cash payment receipts, and more.

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Massachusetts eyes mansion tax to fund affordable housing

Accounting Today

Governor Maura Healey's $4 billion housing bond bill, the state's biggest-ever investment in its residential stock, includes a provision allowing cities to impose a transfer fee of 0.5% to 2% on property sales exceeding $1 million.

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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!

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BONUS | Embracing AI: Insights for International Management Accounting Day

IMA's Count Me

Celebrate International Management Accounting Day with a special episode of the Count Me In Podcast, featuring an enlightening discussion between two esteemed guests: Travis Willard , Senior Vice President of Product and Innovation at IMA, and Susie Duong , Director of Research at IMA, bringing unique perspectives on the integration of AI into accounting and finance.

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How a 'tax overlay manager' can outsource tasks and boost returns

Accounting Today

As one of many providers of the existing and expanding capabilities, Envestnet is urging more financial advisors to consider after-tax optimization.

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ABC analysis definition

Accounting Tools

What is ABC Analysis? ABC analysis is used to categorize items into three classifications, based on activity levels. The concept is most commonly applied to inventory , where the "A" classification identifies high-usage items, the "B" classification identifies medium-usage items, and the "C" classification identifies low-usage items. This breakdown can then be used to exercise high levels of monitoring over "A" classification inventory, and the least monitoring over "C" classification inventory.

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M&A roundup: Marcum, Ascend and RKL expand

Accounting Today

Marcum acquired Croskey Lanni; Ascend added Blackman & Sloop and TSS; and RKL eSolutions bought Techware.

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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

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Derivative instruments definition

Accounting Tools

What are Derivative Instruments? A derivative is a financial instrument that has the following characteristics: It is a financial instrument or a contract that requires either a small or no initial investment; There is at least one notional amount (the face value of a financial instrument, which is used to make calculations based on that amount) or payment provision; It can be settled net, which is a payment that reflects the net difference between the ending positions of the two parties; and It

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2024’s Leading Contractor Invoicing Software: Streamlining Construction Billing

Invoicera

Introduction Ever spent hours buried in spreadsheets, manually creating invoices and chasing down payments? You’re not alone. A recent study found that 60% of contractors spend more than 5 hours per month on manual invoicing tasks. ‍ That’s valuable time that could be better spent focusing on what you do best: building and delivering exceptional projects.

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Program evaluation and review technique (PERT)

Accounting Tools

What is the Program Evaluation and Review Technique? The program evaluation and review technique (PERT) is used to manage a project. It identifies every task associated with a project, the time required to complete each one, and the dependencies between tasks. The result is a network diagram, known as a PERT chart, that clarifies where the critical path is located in a project.

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Trump Media's accounting firm accused of fraud, fined $14M

Accounting Today

BF Borgers CPA PC and its founder, Benjamin Borgers, will be permanently suspended from practicing and appearing as accountants before the SEC.

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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.

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Operating cash flow ratio definition

Accounting Tools

What is the Operating Cash Flow Ratio? The operating cash flow ratio measures the ability of a business to pay for its current liabilities from its reported operating cash flows. The best-case scenario is when the ratio reveals operating cash flows that are several multiples of the liabilities that must be settled. Conversely, a low ratio indicates that cash flows may not be sufficient to settle all obligations as they come due, which could indicate an impending solvency issue.

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Trump Media earnings delay expected after auditor barred by SEC

Accounting Today

Investors waiting for an update of how Donald Trump's media startup is faring will have to wait a bit longer — months by some accounts — before getting a look at financial results.