Tue.Sep 19, 2023

article thumbnail

The Leadership Files: Avani Desai 

Accounting Today

For the head of Top 100 Firm Schellman, leadership starts with self-aware people who don't hesitate to challenge the status quo — or their leader.

321
321
article thumbnail

QuickBooks Pro vs. Pro Plus – What are the Differences?

Ace Cloud Hosting

When it comes to managing your business finances, QuickBooks is a name that needs no introduction. Yet, within the QuickBooks ecosystem, there are versions catering to specific business needs. Among.

professionals

Sign Up for our Newsletter

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

article thumbnail

PCAOB proposes to toughen rule for auditor liability for negligence

Accounting Today

The Public Company Accounting Oversight Board issued a proposal to amend its rule for an individual auditor's or audit firm's contributory liability for knowingly or recklessly contributing to violations.

Auditing 321
article thumbnail

Examining the Build-to-Rent Phenomenon 

AvidXchange

Build-to-rent (BTR) is a hot topic in real estate today. Many adjacent industries, including property management, community association management, construction and lending, are starting to see related impacts as well. AvidXchange recently hosted a webinar on build-to-rent trends , “The Build-to-Rent Revolution: Unlocking the Future of Housing.” Panelists included: Chelsa Fenner, Regional Vice President, Community Association Management Services (CAMS) John Azar, Founder and Managing Part

Budgeting 105
article thumbnail

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.

article thumbnail

Eide Bailly to merge in Raimondo Pettit

Accounting Today

The Top 20 Firm is adding three locations in Southern California with its latest deal.

312
312
article thumbnail

Operational audit definition

Accounting Tools

Related Courses How to Conduct an Audit Engagement What is an Operational Audit? An operational audit is an examination of the manner in which an organization conducts business, with the objective of pointing out improvements that will increase its efficiency and effectiveness. This type of audit is substantially different from a normal audit , where the objective is to examine the adequacy of controls and to evaluate the fairness of presentation of the financial statements.

More Trending

article thumbnail

Sorry Folks, my bet didn't play out.

Insightful Accountant

Murph bet on Intuit releasing QuickBooks Desktop 2024 by Sept. 20th, and now he has 'egg on his face', not to mention a bunch of bookies to pay off, and apologies to you.

article thumbnail

Big boosts for energy-efficient homes in the IRA

Accounting Today

Tax credits for home improvements in the Inflation Reduction Act may prove a major boon for taxpayers.

Tax 214
article thumbnail

What If: Payroll Can't Find Intuit Server?

Insightful Accountant

Did you know the security ID can change in a Company file when you restore a Company Backup file?

Payroll 64
article thumbnail

Storm victims in three states face October deadline

Accounting Today

The IRS is reminding some disaster-impacted taxpayers in California, Alabama and Georgia that they have payments due Oct. 16.

Tax 200
article thumbnail

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.

article thumbnail

Small Businesses Fear AI Development, Adoption Are Outpacing Regulation

Insightful Accountant

A recent Xero survey shows there is a call among small business owners for greater data protection and education, with 77% believing AI will have an impact on their business in the next five years

XERO 59
article thumbnail

Valuing startups' complex equity structures

Accounting Today

Stock compensation opens up new challenges from a GAAP perspective.

article thumbnail

Future Forward 2023: Transforming Advisory with Real-time AI Insights

Insightful Accountant

RLJ Financial Services' Caleb Jenkins explains the power of real-time AI insights to preempt issues, spot trends and provide invaluable, forward-looking counsel. Make sure you sign up today.

article thumbnail

FTX sues Bankman-Fried's parents to claw back funds

Accounting Today

The managers of the bankrupt crypto exchange sued the parents of its co-founder and former CEO to "recover. fraudulently transferred and misappropriated funds.

article thumbnail

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.

article thumbnail

The Guide to Validating Signatures in PDF Documents

Nanonets

In an era where the exchange of information and documents is increasingly digitized, the use of electronic signatures in PDF documents has become a ubiquitous practice. Whether it's a contract, a financial agreement, or a legal document, validating signatures in PDFs is important. It's not just about the convenience of a digital John Hancock; it's about ensuring the authenticity, integrity, and trustworthiness of those virtual signatures.

article thumbnail

Riches in Niches: Influencing influencers

Accounting Today

Nate Coughran of Cookie Finance helps social media stars navigate their finances.

article thumbnail

How Long Will I Work With CSI? How a One-Year Accounting Contract Provides Long-Term Success

CSI Accounting & Payroll

You’re ready to sign a proposal with CSI Accounting & Payroll and get this show on the road! But wait - why do you have to commit to a full year for accounting? That’s a long time to be stuck in a contract if you’re unhappy. CSI Accounting & Payroll has worked with thousands of satisfied small business owners for more than 50 years, but we still know how scary it can be for anyone to sign a contract.

Payroll 52
article thumbnail

LBMC names next CEO

Accounting Today

Jim Meade will succeed Jeff Drummonds at the Tennessee-based Top 100 Firm in 2024.

189
189
article thumbnail

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.

article thumbnail

Why Did It Take a 267% Overrun to Pause the ERC?

Blake Oliver

The most shocking thing about the Employee Retention Credit (ERC) is how long it took to stop after it started going wildly over budget. In 2021, the Congressional Budget Office estimated that ERC would cost $86 billion. (That's after changes that increased it from the original $55 billion.) By March 2023, the IRS paid out over $150 billion. Then, last week, we found out it paid out $230 billion.

article thumbnail

Yellen is running out of time to make a difference on climate

Accounting Today

Anxiety is growing over the pace of work to develop critical guidance on a slew of clean energy tax credits in the Inflation Reduction Act.

Tax 189
article thumbnail

QuickBooks Pro vs. Pro Plus – What are the Differences?

Ace Cloud Hosting

When it comes to managing your business finances, QuickBooks is a name that needs no introduction. Yet, within the QuickBooks ecosystem, there are versions catering to specific business needs. Among.

article thumbnail

In the blogs: Money, money, money 

Accounting Today

Possible staffing remedies; declared dead; Moore moves; and other highlights from our favorite tax bloggers.

Tax 145
article thumbnail

Profit in the Details: Rethinking Spend for Monumental Impact

Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g

article thumbnail

Ordinary income definition

Accounting Tools

What is Ordinary Income? For an individual, ordinary income is most earnings other than long-term capital gains. These earnings include wages and salaries , as well as bonuses, tips, commissions , interest income , and short-term capital gains. Ordinary income is taxed at the highest tax rate. This type of income can be offset with standard tax deductions to arrive at taxable income for the individual.

Tax 40
article thumbnail

Accounting Websites: 43 Examples for Modern Firms

Future Firm

A well-designed website stands as a pivotal factor in converting visitors into invaluable leads. In this post, we’ll discuss key considerations for effective accounting website design and showcase a variety of inspiring examples that can guide your own creative approach. Let’s go! Table of Contents The Do’s and Don’ts of Accounting Website Design The Top 43 Examples of Accounting Websites The Do’s and Dont’s of Accounting Website Design To give you an idea of

article thumbnail

Other current assets definition

Accounting Tools

Related Courses The Balance Sheet The Interpretation of Financial Statements What are Other Current Assets? Other current assets is a default classification of "current asset" general ledger accounts. It does not include cash , marketable securities , accounts receivable , inventory , and prepaid expenses. These major accounts are not included in the other current assets classification, because they are itemized individually on the balance sheet , and typically contain material amounts that shou

article thumbnail

Organizational costs definition

Accounting Tools

What are Organizational Costs? Organizational costs are those costs incurred that relate to the setup of a business. Organizational costs include the following: The survey cost associated with a review of potential markets Training employees in their new tasks Legal costs to create bylaws and articles of incorporation (for a corporation ) Legal costs to create a partnership agreement (for a partnership ) Filing fees with the applicable state government Cost of organizational meetings Costs not c

Tax 40
article thumbnail

Navigating Bleisure Travel: A Guide for Mid-Sized Companies

Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.

article thumbnail

Outstanding deposit definition

Accounting Tools

Related Courses Bank Reconciliation Essentials Bookkeeping Guidebook How to Audit Cash What is an Outstanding Deposit? An outstanding deposit is that amount of cash recorded by the receiving entity, but which has not yet been recorded by its bank. All outstanding deposits are listed as reconciling items on the periodic bank reconciliation prepared by the receiving entity.

article thumbnail

Overdraft definition

Accounting Tools

Related Courses Corporate Cash Management Treasurer's Guidebook What is an Overdraft? An overdraft is a short-term line of credit granted by a bank to an account holder when checks presented against the account exceed the amount of cash available in the account. An account usually has to be designated as having overdraft protection before this feature will be operable.

article thumbnail

Outside supplier definition

Accounting Tools

Related Courses Contract Management How to Audit Procurement Purchasing Guidebook What is an Outside Supplier? An outside supplier is a third party that provides goods or services to an organization. The term is sometimes used to differentiate between outside entities and internal service departments.

article thumbnail

Ordinary repairs definition

Accounting Tools

Related Courses Fixed Asset Accounting How to Audit Fixed Assets What are Ordinary Repairs? Ordinary repairs are expenditures for repairs that do not prolong the life of an asset or increase its usefulness. These expenditures are charged to expense as incurred. If they had instead met one or both of the preceding criteria, repairs would instead be capitalized and charged to expense over time.

article thumbnail

Unlock The Blueprint: How To Construct A Better Payment Workflow

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.