Accounting Today

JULY 16, 2024

Accounting firms and vendors alike have stressed the importance of having a "human in the loop" to oversee AI. Just who are these humans and what do they do?

Accounting 336

Accounting Accounting 336

Accounting Department

JULY 16, 2024

Growing a business is a multifaceted challenge that requires careful financial management. For many business owners, juggling daily operations while keeping track of finances is daunting. Enter Client Accounting Services (CAS), a crucial element for business growth that improves financial accuracy, reduces costs, and offers expert financial guidance.

Accounting 239

Accounting Accounting Bookkeeping Services Bookkeeping 239

Accounting Today

JULY 16, 2024

Accounting is an industry wedded to traditional techniques, so leveraging new technology will require a cultural shift within the organization.

Accounting 334

Accounting Accounting Accounting Software 334

Insightful Accountant

JULY 16, 2024

The potential expiration of key provisions of the Tax Cuts and Jobs Act (TCJA) at the end of 2025 is a critical issue that requires careful attention and proactive planning, and Section 199A is no exception.

Tax 98

Tax 98

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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.

Accounting Today

JULY 16, 2024

The Big Four firm netted the most new SEC audit clients in the first quarter, followed closely by Deloitte.

Auditing 331

Auditing 331

Accounting Tools

JULY 16, 2024

What is Underwriting in Insurance? Underwriting is the exchange of a fee for the acceptance of risk. This is a risk transfer from one party to another, and is most commonly applied to the insurance industry, where clients pay an insurer to take on specific risks. If a covered risk occurs, the underwriter pays the client an amount stated in the related insurance contract.

Financial Statements 75

Financial Statements 75

Accounting Tools

JULY 16, 2024

What is Nonprofit Accounting? Nonprofit accounting refers to the unique system of recordation and reporting that is applied to the business transactions engaged in by a nonprofit organization. A nonprofit entity is one that has no ownership interests, has an operating purpose other than to earn a profit , and which receives significant contributions from third parties that do not expect to receive a return.

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Accounting Accounting Financial Statements Budgeting 75

Accounting Today

JULY 16, 2024

The role of the internal auditor is expected to change drastically in the decade to come, according to a new report by the Institute of Internal Auditors.

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Auditing 312

Accounting Tools

JULY 16, 2024

What is the Rule of 72? The Rule of 72 is a calculation used to estimate the number of years it will take to double one’s invested money, given a specific annual rate of return. The rule is useful in situations where you do not have access to more precise methods of calculation, such as an electronic spreadsheet or a calculator. How to Calculate the Rule of 72 The calculation is to divide 72 by the interest rate on the invested funds.

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Corporate Finance Financial Analysis 75

Accounting Today

JULY 16, 2024

AuditBoard has released an out-of-the-box assessment tool feature for internal auditors to assess conformance with new IIA global standards.

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Auditing Accounting Accounting 211

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.

Collections

Insightful Accountant

JULY 16, 2024

Intuit is hiking the cost of its QuickBooks Payments processing as of August 15, 2024. This price change only impacts Intuit customers processing 'payment card' transactions using QuickBooks Payments.

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QuickBooks 52

Accounting Today

JULY 16, 2024

BOI guidance; IRS accessibility; home on the road; and other highlights from our favorite tax bloggers.

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Tax QuickBooks 145

Insightful Accountant

JULY 16, 2024

Docyt AI has announced a new AI-based bookkeeping tool called "Gary.

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Bookkeeping 52

Accounting Tools

JULY 16, 2024

How to Record an Accounting Transaction When an accounting transaction occurs, it can be recorded in the books of an organization in a number of ways. The following comments note the most common methods available. These recordation methods all create entries in the general ledger , or else in a subsidiary ledger that then rolls into the general ledger.

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General Ledger Accounting Accounting Accounts Payable 40

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.

Accounts Payable

oAppsNet

JULY 16, 2024

Effective Environmental, Social, and Governance (ESG) reporting is vital for companies committed to sustainability and transparency. Good ESG reporting satisfies regulatory requirements and builds trust with investors, customers, and the public. It involves accurately and succinctly communicating a company’s impact on the environment, its people, and how it is governed.

Collections 40

Collections Accounting Accounting 40

Accounting Tools

JULY 16, 2024

What is the Accounts Payable Turnover Ratio? Accounts payable turnover is a ratio that measures the speed with which a company pays its suppliers. If the turnover ratio declines from one period to the next, this indicates that the company is paying its suppliers more slowly, and may be an indicator of worsening financial condition. A change in the turnover ratio can also indicate altered payment terms with suppliers, though this rarely has more than a slight impact on the ratio.

Accounts Payable 40

Accounts Payable Accounts Payable Accounting Accounting 40

AvidXchange

JULY 16, 2024

Seventy-two percent of organizations are currently using artificial intelligence (AI) in their finance department, according to AvidXchange’s 2024 Trends Survey. It is no surprise given the buzz surrounding this technology. While many businesses are experimenting with AI, some may wonder, “How is AI used in fintech?” This piece will share the potential uses for AI in fintech, including popular applications and challenges surrounding the implementation of this groundbreaking technology.

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Customer Service Computation Data Entry Financial Services 52

Accounting Today

JULY 16, 2024

The muni tax-exemption — estimated to cost the U.S. government roughly $40 billion each year — has been mentioned as a target for elimination.

Tax 235

Tax 235

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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.

Accounting

Cloud Accounting Podcast

JULY 16, 2024

In light of recent events, Blake and David examine assassination attempts on US presidents, providing historical context. They move on to Intuit's recent layoffs, critiquing the company's communication strategy and exploring potential AI improvements for such announcements, and then shift to the Synapse bankruptcy, its impact on fintech users, and evolving regulatory scrutiny.

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CPA Billing Bookkeeping Invoicing 51

Blake Oliver

JULY 16, 2024

As an accountant, when disaster strikes, I cope by putting numbers to it. So when I heard about the assassination attempt on President Trump this weekend, I did some research. The findings? Being President is one of the most dangerous jobs in the world: -27% of US presidents (12 out of 45) have faced assassination attempts 8.9% (4 out of 45) were assassinated in office The 4 presidents killed in office: Lincoln, Garfield, McKinley, Kennedy 8 more survived attempts, including Jackson, Teddy Roose

Accounting 52

Accounting Accounting 52