Accounting Today
JULY 8, 2024
The Internal Revenue Service has stepped up efforts to combat dubious tax advice promoting schemes involving the Fuel Tax Credit, the Sick and Family Leave Credit, and household employment taxes.
Xero
JULY 8, 2024
We’re thrilled to announce the return of the Xero Beautiful Business Fund for 2024. With a prize pool of over NZ$750,000, the Xero Beautiful Business Fund is back to support small businesses and non-profits in seven countries with their growth plans and help drive future success. Small businesses are driven by dedicated and passionate individuals who work hard to contribute to their communities and their local economies.
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Accounting Today
JULY 8, 2024
A federal court issued a stay and a preliminary injunction against the Federal Trade Commission's non-compete rule after a lawsuit by the Ryan, a Dallas-based tax services firm, and the U.S. Chamber of Commerce.
Compleatable
JULY 8, 2024
In the fast-evolving world of finance, innovation is the key to staying ahead. One area that has seen significant advancements is Accounts Payable (AP), with Artificial Intelligence (AI) leading the charge. AI is not just a buzzword; it is revolutionizing how businesses manage their financial processes, bringing efficiency, accuracy, and cost savings to AP departments worldwide.
Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms
Join Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms for an informational webinar about how to select the ideal payments provider for your platform! This session highlights the 7 key criteria for assessing payments partners and maximizing the value of your investment. From evaluating technology and business development programs to understanding support and compliance, this webinar will equip you with a comprehensive evaluation framework and strategy for
Accounting Today
JULY 8, 2024
Due to extensive interest, Accounting Today is extending the deadline for submissions for its annual Managing Partner Elite list to the end of the day on Monday, July 15.
Insightful Accountant
JULY 8, 2024
In this third article of Murph's miniseries on the 2025 ProAdvisor Awards forms, he examines the new Nomination Form and gives some quick tips on its use.
Financial Ops World brings together the best financial operations content from the widest variety of thought leaders.
Accounting Tools
JULY 8, 2024
How to Account for a Manufacturing Business The accounting for a manufacturing business deals with inventory valuation and the cost of goods sold. These concepts are uncommon in other types of entities, or are handled at a more simplified level. The concepts are expanded upon below. Inventory Valuation A manufacturing business must use a certain amount of raw materials , work-in-process , and finished goods as part of its production processes, and any ending balances must be properly valued for
Accounting Today
JULY 8, 2024
When it comes to practice management, try to learn as much as you can from whatever source is available.
Accounting Tools
JULY 8, 2024
Unpaid wages are the earnings of employees that have not yet been paid by the employer. These wages are only accounted for if they remain unpaid at the end of a reporting period. If so, they must be recorded under the accrual basis of accounting so that the full amount of compensation expense is recognized during the reporting period. An accrual entry is not necessary if the amount of unpaid wages is immaterial; in this case, the expense is recorded when the wages are paid.
Accounting Today
JULY 8, 2024
Art carries higher rates than most investments, but financial advisors and their clients can tap into trusts, charitable donations, loss harvesting and the stepped-up basis.
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Uncover the latest trends in expense management for small and medium-sized businesses. Our 5th Annual Trends Survey reveals that corporate card use is skyrocketing, but expense software isn't keeping up. This mismatch is creating real challenges for finance teams, who now take an average of 14 days to close their books. Travel policies are shifting to accommodate hybrid work, but many companies are struggling with off-tool bookings.
Accounting Tools
JULY 8, 2024
What is Asset Classification? Asset classification is a system for assigning assets into groups, based on a number of common characteristics. Various accounting rules are then applied to each asset group within the asset classification system, to properly account for each one. The groups are also typically clustered for reporting purposes in the balance sheet.
Accounting Today
JULY 8, 2024
BDO USA recently appointed a new COO to oversee efforts to improve its audit practice and technology, as well as implement its ESOP.
The Successful Bookkeeper
JULY 8, 2024
In the first episode of the Ask Lisa YouTube series, Lisa Campbell details how to successfully start a bookkeeping business.
Accounting Today
JULY 8, 2024
U.S. lawmakers and government officials view the tax as unfair and have threatened to retaliate if Canada moved forward with it.
Speaker: Duke Heninger
With the rise of fractional finance roles, many CFOs, FP&A professionals, controllers, and accountants are stepping into independent consulting. The expansion of fractional services presents new opportunities for finance professionals, but many face challenges in navigating this transition, finding it daunting. Whether you’re new to fractional work or refining your approach, this webinar will equip you with a repeatable system for success.
Insightful Accountant
JULY 8, 2024
The Pennsylvania Institute of CPAs has published a 29-page CPA firm Tech Report with insightful information on the use of technology and where firms are moving related to tech.
Billah and Associates
JULY 8, 2024
Applying through your tax return, the Medical Expense Tax Credit (METC) is non-refundable. You can deduct it from the amount of taxes you owe, but it cannot increase your tax balance above zero because it is non-refundable. You can apply for this tax credit if you incur medical costs that are allowed under the Income Tax Act. In this guide learn how you can maximize your returns, stay informed: How does the Credit for Medical Expenses Operate?
Insightful Accountant
JULY 8, 2024
Many accounting professionals struggle with the time-consuming and error-prone task of managing accounts payable (AP). If you missed our recent App Academy , MakersHub presented how their innovative solution can revolutionize this critical process.
Economize
JULY 8, 2024
For any web application, a domain name is a critical aspect, acting as the online address where users can find and access your application, thereby providing global reach. Thus, efficient management of domain names and traffic routing is essential for any business.
Speaker: Igli Laci, Strategic Finance Leader
In today’s competitive market, pricing is more than just a number — it’s the cornerstone of profitability. The right pricing strategy ensures that you capture the true value of your offering, paving the way for sustainable growth and long-term success. Join Igli Laci, Strategic Finance Leader, in this exclusive session where he will explore how a well-crafted pricing approach balances customer perception with business objectives, creating a powerful tool for securing both competitive advantage a
Accounting Tools
JULY 8, 2024
What are Related Party Transactions and Disclosures? Related party transactions are conducted with other parties with which an entity has a close association. The disclosure of related party information is considered useful to the readers of a company’s financial statements , particularly in regard to the examination of changes in its financial results and financial position over time, and in comparison to the same information for other businesses.
Tipalti
JULY 8, 2024
Learn how ERP software helps solve manufacturing problems and which ERP software is most well-equipped to support manufacturing business needs with end-to-end capabilities.
Accounting Tools
JULY 8, 2024
What is Manufacturing Cycle Efficiency? Manufacturing cycle efficiency measures the proportion of production time spent on value-added activities. A business can use this information to pare away non value-added activities , thereby reducing costs and shortening the time required to manufacture a product. Both outcomes can be used as competitive advantages, since a business can then lower its prices while maintaining robust profits , while also offering faster turnaround times to its customers.
Tipalti
JULY 8, 2024
Uncover the critical details about types of ERP systems. From on-premise, cloud, hybrid or multi-cloud, learn how different systems can enhance your business efficiency.
Advertiser: Paycor
Year-end can be a hectic time for HR professionals, but with proper planning and organization, you can navigate it smoothly. Learn the main watch outs for year-end HR prep with Paycor’s helpful checklist covering employee data, wage and tax information, and special situations. Ensure compliance and efficiency by downloading today!
Accounting Tools
JULY 8, 2024
What is Employee Turnover? Employee turnover is the proportion of employees that leave a business for any reason during the measurement period. A high turnover ratio is indicative of the reverse - poor benefits and compensation, and/or oppressive business practices or conditions. What Does Low Employee Turnover Indicate? Low employee turnover is generally considered to indicate the presence of excellent benefits and compensation , as well as enlightened management practices.
Tipalti
JULY 8, 2024
Learn how an intake procurement system can significantly boost the performance and efficiency of both your procurement processes and overall business operations.
Accounting Tools
JULY 8, 2024
Revenue normally appears at the top of the income statement. However, it also has an impact on the balance sheet in three areas, which are on the reported levels of cash, accounts receivable, and stockholders’ equity. Impact on Cash If a company's payment terms are cash only, then revenue also creates a corresponding amount of cash on the balance sheet, net of any discounts granted to the customer.
Tipalti
JULY 8, 2024
How do you code invoices in the accounts payable process, and why is it important? Learn how to optimize your invoice coding systems through automation.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
A good, fast, clean audit leads to a happy work life. Join us in this one-hour webinar, where we share the best ways to prepare and conduct your audit process to maximize audit satisfaction and minimize administrative time in month-end close and financial reporting. Learning objectives: This course objective is to review leading practices to maximize audit success.
Accounting Tools
JULY 8, 2024
What is Uniformity in Accounting? Uniformity is the practice of requiring organizations to record accounting information and prepare financial statements in accordance with a relevant accounting framework. By requiring strict adherence to an accounting framework, every entity in an industry should report financial information in the same way. With identical preparation methods in place, it is possible to reliably compare the financial results of large numbers of companies.
Accounting Today
JULY 8, 2024
A Republican party committee approved a 2024 platform ahead of next week's convention that includes addressing the migrant border crisis, cutting taxes and boosting domestic energy production.
Accounting Tools
JULY 8, 2024
What is Pension Expense? Pension expense is the amount that a business charges to expense in relation to its liabilities for pensions payable to employees. The amount of this expense varies, depending upon whether the underlying pension is a defined benefit plan or a defined contribution plan. The characteristics of these plan types are noted below.
Accounting Tools
JULY 8, 2024
What is an Unrestricted Contribution? An unrestricted contribution is funds or other assets given to a nonprofit entity with no restriction on their use. The nonprofit can then employ the contribution in any way it chooses. These types of contributions are usually directed at the funding of operational expenses, since restricted contributions are usually targeted at other areas of a nonprofit.
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Finance Transformation Myths Busted Over 75% of organizations struggle to define the right success metrics to benchmark the impact of their finance transformation investment. Whether you are just initiating your digital transformation journey or planning to pitch your next AI project to leadership, without the right metrics and a rigorous tracking process - all your efforts might go to waste!
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