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.
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.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Accounting Today
JULY 8, 2024
Test your accounting knowledge on identity theft, sales tax reliance, and more. No. 2 pencil not required!
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.
Advertisement
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 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.
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
Financial Ops World brings together the best financial operations content from the widest variety of thought leaders.
Accounting Tools
JULY 8, 2024
What is the Purpose of Financial Statements? The general purpose of the financial statements is to provide information about the results of operations, financial position , and cash flows of an organization. This information is used by the readers of financial statements to make decisions regarding the allocation of resources. At a more refined level, there is a different purpose associated with each of the financial statements.
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.
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
JULY 8, 2024
What is Cost Accounting? Cost accounting involves the recordation, analysis, and reporting of costs to management. The intent behind this type of accounting is to provide insights into the cost structure of a business that can be used to better manage it, thereby improving profitability. It is especially useful for understanding which segments of a business are profitable, and which require improvement.
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.
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
U.S. lawmakers and government officials view the tax as unfair and have threatened to retaliate if Canada moved forward with it.
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.
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.
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.
Accounting Tools
JULY 8, 2024
When a company incurs an obligation to pay payroll taxes to the government, a portion of it appears on the income statement , and a portion on the balance sheet. A company records an expense on the income statement for the employer matching portion of any Social Security and Medicare taxes, as well as the entire amount of any federal and state unemployment taxes (since they are paid by the company and not the employees ).
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.
Advertisement
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.
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.
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.
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.
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
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
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
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
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: 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
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.
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.
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.
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?
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.
Expert insights. Personalized for you.
331 
Let's personalize your content