Accounting Today
MAY 7, 2024
They say artificial intelligence will change the world, and in many ways, it already has. But AI's rapid advancements have been a source of stress for professionals like accountants. Will you be automated out of a job?
Fidesic blog
MAY 7, 2024
Fidesic and EWS Group have partnered to better support moving companies using MoversSuite with integrations to Microsoft Dynamics GP or Business Central.
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Accounting Today
MAY 7, 2024
Accounting Today's annual selection highlights some of the most cutting-edge practices in the country.
Insightful Accountant
MAY 7, 2024
Insightful Accountant is proud to announce our Top 50 International ProAdvisors for 2024. Congratulations to this year's International award recipients.
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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
MAY 7, 2024
For CPAs who aspire to practice in Tax Court, the ability to review a case that has been litigated by a fellow CPA is a useful educational tool.
Insightful Accountant
MAY 7, 2024
During the upcoming Insightful Accountant Future Forward Event Murph will be presenting two sessions on Migrating from QuickBooks Desktop. One focuses on apps suitable for QBD Pro users, and the other QBD Premier users.
Financial Ops World brings together the best financial operations content from the widest variety of thought leaders.
Accounting Tools
MAY 7, 2024
The income statement reports on the revenues , expenses , and profits of an organization. There are several types of income statement formats available, which can be used to present this information in different ways. The key variations on the income statement are noted below. Classified Income Statement The classified income statement uses subtotals for the gross margin, operating expenses, and non-operating expenses.
Accounting Today
MAY 7, 2024
At the BDO Alliance's Evolve conference, leaders in the profession lay out the highs and the lows of the current moment.
Dext
MAY 7, 2024
In recent years, technology in bookkeeping has developed at a rapid pace. Driven by the continued rollout of the governments’s initiatives (such as Making Tax Digital in the UK, or GST in Australia), these tools have evolved to automate an ever-increasing range of bookkeeping tasks that were once tedious and time-consuming.
Accounting Today
MAY 7, 2024
It's crucial to understand the significant impact businesses have on the environment — and accounting for carbon emissions is a fundamental step in this process.
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.
Accounting Tools
MAY 7, 2024
What is Collusion? Collusion occurs when two or more parties that normally compete secretly decide to work together to gain an advantage. The general approach is to either restrict supplies of goods in order to drive up prices or to set artificially high prices. Cases of collusion are frequently illegal, since they are governed by antitrust laws. The outcome of collusion is that the consumer ends up paying higher prices than would have been the case if there had been a heightened level of compet
Accounting Today
MAY 7, 2024
Wolters Kluwer's tax, accounting and audit research solution now has generative AI capacities.
Accounting Tools
MAY 7, 2024
The limitations of financial statements are those factors that a user should be aware of before relying on them to an excessive extent. Knowledge of these factors could result in a reduction of invested funds in a business, or actions taken to investigate further. The following are all limitations of financial statements. Financial Statements Are Derived from Historical Costs Transactions are initially recorded at their cost.
Accounting Today
MAY 7, 2024
Rescheduling cannabis; the outsourcing question; medical deductions in retirement communities; and other highlights from our favorite tax bloggers.
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.
Accounting Tools
MAY 7, 2024
What is an Income Statement? An income statement presents the revenues , expenses , and resulting profit or loss of a business. This information is presented for a reporting period, which is typically for one month, one quarter, or one year. An income statement is one of the three components of a complete set of financial statements , where the other two reports are the balance sheet and statement of cash flows.
Blake Oliver
MAY 7, 2024
$109 billion. That's the market cap of Tether , the world's largest stablecoin. It's also the amount of money effectively backed by nothing more than a pinky promise. In a recent episode of The Accounting Podcast , my co-host David Leary and I delved into this topic. We discussed the staggering lack of transparency surrounding Tether and the potential ramifications for the entire cryptocurrency market.
Outsourced Bookeeping
MAY 7, 2024
Managing precise and efficient finance for a business is the most challenging task. However, with today’s technology, QuickBooks online has taken the spot as one solution for business owners to help with financial reporting and expense tracking. The wide range of features offered by QuickBooks provides a combination of advanced customization options, user-friendly interfaces, and other comprehensive features.
Ace Cloud Hosting
MAY 7, 2024
Tax season can be daunting for many, especially freelancers and independent contractors who navigate various tax forms. Among these forms, the 1099-MISC (Miscellaneous) and 1099-NEC (Nonemployee Compensation) are commonly used.
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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.
CSI Accounting & Payroll
MAY 7, 2024
If you’re looking into working with a payroll provider like CSI for your small business, you can expect many things to be taken off your plate. However, since a service isn’t in-house, they can’t know everything about your business’s payroll. You need to know how things will be handled. What can you expect a payroll service to cover, and what will you need to help them with?
Accounting Tools
MAY 7, 2024
What is Functional Accounting? Functional accounting is a reporting format for financial results that clusters results based on the functions performed. This approach is most commonly used to cluster expenses by department, and is commonly used in larger or more complex organizations. For example, a company's expenses may be grouped together in the income statement as follows: Accounting and finance department Engineering department Human resources department Materials management department Prod
Dext
MAY 7, 2024
Whether you’re a fan of AI-driven automation tools or you’re still sceptical about their benefits, there’s no denying that bookkeeping automation is here to stay. Digital tools that automate bookkeeping tasks have become part of the fabric of daily life for many bookkeepers.
Nanonets
MAY 7, 2024
Introduction If you've ever wondered how businesses keep track of their spending or ensure that every dollar is accounted for, you’re in the right place. Expense reconciliation is the process through which businesses track expenditures, identify anomalies, adhere to regulatory requirements, and maintain financial accuracy and integrity. Through this guide, we will define what expense reconciliation is, explore its significance to companies, the formal methods of going about it, as we
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.
Accounting Tools
MAY 7, 2024
What is Current Yield? Current yield is the rate of return on a bond investment. This is the return on investment that the buyer of a bond can expect to experience by acquiring the security now and holding it for the next year. it is focused on the current market price of a bond, rather than its face value. In effect, it is the ratio of the coupon rate on a bond to its actual market price, and is stated as a percentage.
Nanonets
MAY 7, 2024
Lead generation is the heartbeat of all businesses. Without an effective lead-generation process, any business cannot grow and sustain for long. Traditionally, lead generation was done either manually or through marketing campaigns. However, today, most businesses generate leads online by getting prospective clients to visit their websites and share details to start a conversation.
Accounting Tools
MAY 7, 2024
What is Inflation Accounting? Inflation accounting is the process used to factor massive price increases into an organization’s financial statements. When there is a significant amount of price inflation or deflation, the impact on the financial statements of a company operating in that environment can be so severe that the value of the information in the statements declines to the point of being nearly useless.
Nanonets
MAY 7, 2024
Contracts are a gold mine of data, but manually digging for it is a nightmare. It's slow and error-prone and keeps your team from more important work. That's where automated contract data extraction shines. Automated contract data extraction quickly and accurately grabs critical data from your contracts using AI and OCR. It saves you time and resources, letting you focus on what matters.
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.
Accounting Tools
MAY 7, 2024
What is a Common Stock Equivalent? A common stock equivalent is a convertible security that is treated as essentially the same as an equity issuance for trading purposes. This treatment only occurs when the market price of the convertible security is trading above the exercise price of the option built into the security. At or above this market price, the security is convertible into common stock ; below this market price, one would lose money by converting the security to common stock, so it is
oAppsNet
MAY 7, 2024
In any business, managing finances effectively is pivotal to sustaining and growing operations. Among the various aspects of financial management, accounts receivable collections stand out for their direct impact on a company’s liquidity and cash flow. This article highlights what accounts receivable collections entail, why they are crucial for businesses, and how effectively managing them can improve financial health and operational efficiency.
Accounting Tools
MAY 7, 2024
What is a Bond Amortization Schedule? A bond amortization schedule is a table that shows the amount of interest expense , interest payment, and discount or premium amortization of a bond in each successive period. The table is commonly used by the issuers of bonds to assist them in accounting for these instruments over time. The Effective Rate Method The most accurate method used for this calculation is called the effective rate method.
NACM
MAY 7, 2024
NACM's Professional Certification Program is geared toward all credit professionals—no matter where they are in their career. Whether just learning the ropes or a seasoned credit manager, refreshing your mind is always an option. As a credit professional who has earned many designations over his career, Ray Yarborough, CBA, CCRA, CIC.
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.
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