Tue.Nov 07, 2023

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Meet the 2023 Best Firms for Young Accountants

Accounting Today

A look inside the 10 best places to start a career in accounting.

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Building a strong network to grow your career

Intuit

Networking plays a crucial role in any career journey, but sometimes it’s hard to know where to start and how to get the most out of every interaction. Recently, Chief Diversity, Equity, and Inclusion Officer (CDEIO) and VP of Talent Development at Intuit, Humera Shahid, sat down with Toronto Intuit employees to chat about all things networking and how to use it to grow your career.

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20 states that burden taxpayers the least

Accounting Today

The best five states have an average total tax burden of 5.97%.

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Fidesic Features Spotlight: Invoice Processing

Fidesic blog

It’s time to check in and talk about our feature of the month in the Fidesic app. Today we are giving a shout out to our invoice processing module.

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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.

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PwC to cut around 600 U.K. jobs

Accounting Today

The bulk of the cuts will be aimed at the advisory division.

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Spend Management Principles and Strategies for SMB's

Accounting Department

One of the most important aspects of running a successful business is managing the money that comes in and goes out. However, this can be especially tricky for small to medium-sized businesses, which often have fewer resources and smaller budgets to work with.

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Xero’s H1 FY24 financial results: Evolving Xero to deliver on our global aspirations

Xero

Today we announced Xero’s half year financial and operating results to 30 September 2023 (H1 FY24). The results highlight our continued strong revenue growth, which contributed to Xero’s emerging profitability. The strong operating results saw operating revenue up 21% (20% in constant currency (CC)) to $799.5 million. This, along with disciplined cost management and restructuring outcomes, supported a 90% increase in EBITDA compared to H1 FY23, to $206.1 million.

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10% of S&P 500 companies disclosed cybersecurity incidents

Accounting Today

Only four companies said the events were "material.

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Register For the #IgnitionPrecon at QB Connect

Insightful Accountant

Insightful Accountant is thrilled to be kicking off QuickBooks Connect 2023 as a Silver Media partner for Ignition’s highly anticipated Precon party!

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Pillar Two tax concerns jump at large multinationals

Accounting Today

Many are considering extra hiring to handle the upcoming mandates, according to KPMG.

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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.

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Why QB Desktop File Optimization May Fail

Insightful Accountant

Returning to his old ‘Desktop tech tinkering,’ Murph tips you off on how to prevent ‘file optimization’ failures.

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Krulak's Law: How frontline staff reflects your brand

Accounting Today

Very few firms are asking themselves how they can make sure their client service associates are doing the very best job they can.

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On-demand AP Automation software demo

Cevinio

On-demand product demo: Join us for an interactive and engaging product demo that will give you an in-depth look at how processing invoices with Cevinio AP Automation software works. Are you struggling with manual and time-consuming invoice processing workflows, which are often lengthy and tedious? Are you looking for ways to optimize your accounts payable process?

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In the blogs: Minimum standards

Accounting Today

CPAs' real pay; crypto data released; factoring receivables; and other highlights from our favorite tax bloggers.

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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.

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The difference between turnover and profit

Accounting Tools

Related Courses Business Ratios Guidebook Financial Analysis The Interpretation of Financial Statements Comparing Turnover and Profit Turnover is the net sales generated by a business, while profit is the residual earnings of a business after all expenses have been charged against net sales. Thus, turnover and profit are essentially the beginning and ending points of the income statement - the top-line revenues and the bottom-line results.

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Herbein acquires Creese, Smith, Hune & Co.

Accounting Today

The Pennsylvania-based firm is expanding in Pittsburgh.

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Is sales tax an expense or a liability?

Accounting Tools

Related Courses Sales and Use Tax Accounting Sales tax is a state and local tax paid by the buyer of goods and services at the point of sale. It is derived by multiplying the price paid by the sales tax rate. There are three different scenarios involving sales taxes, and the accounting treatment varies in each scenario. They are noted below. Sales Taxes for Sales to Customers In this most common scenario, a company sells its products to customers , and charges them a sales tax on behalf of the l

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How To Create A Sales Forecast For The New Year

Reconciled Solutions

Fall is in the air, and I’m breathing in the scents of fourth-quarter planning. As an entrepreneur, I revel in wiping the slate clean. This. The post How To Create A Sales Forecast For The New Year appeared first on Reconciled Solutions.

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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.

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Accounting for income taxes

Accounting Tools

Related Courses Accounting for Income Taxes How to Account for Income Taxes The essential accounting for income taxes is to recognize tax liabilities for estimated income taxes payable, and determine the tax expense for the current period. Before delving further into the income taxes topic, we must clarify several concepts that are essential to understanding the related income tax accounting.

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The Future Of Billing: Exploring Subscription-Based Models For Sustained Growth

Invoicera

Introduction Are you finding it difficult to predict your monthly revenue? Or are you struggling to retain your existing customers and get on-time payments? If yes, you must switch to subscription-based models for long-term sustainability. These models not only boost your revenue but also provide a sustainable path for business growth. A report by Gartner says 75% of organizations offering services directly to clients would project subscription services by 2023.

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Altman Z Score Formula

Accounting Tools

Related Courses Credit and Collection Guidebook Effective Collections The Interpretation of Financial Statements What is the Altman Z Score? The Altman Z Score is used to predict the likelihood that a business will go bankrupt within the next two years. The formula is based on information found in the income statement and balance sheet of an organization; as such, it can be readily derived from commonly-available information.

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The Future Of Billing: Exploring Subscription-Based Models For Sustained Growth

Invoicera

Introduction Are you finding it difficult to predict your monthly revenue? Or are you struggling to retain your existing customers and get on-time payments? If yes, you must switch to subscription-based models for long-term sustainability. These models not only boost your revenue but also provide a sustainable path for business growth. A report by Gartner says 75% of organizations offering services directly to clients would project subscription services by 2023.

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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

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Short term sources of funds

Accounting Tools

Related Courses Corporate Cash Management Corporate Finance Treasurer's Guidebook What are Short Term Sources of Funds? There are many short-term sources of funds available to a company, which require varying levels of collateral , personal guarantees, and interest expense. Here is a listing of potential sources of short-term funds: Delay Paying Suppliers You can delay paying suppliers , but they may eventually retaliate with higher prices or a lower order priority.

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How AI Can Drive Environmental and Social Responsibility

Dext

Environmental, social and governance (ESG) factors are becoming increasingly central to accounting. These factors represent a substantive shift in how we define business success and responsibility. With the emergence of new technologies, the accounting industry is positioned to be a leader in this important evolution.

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Profit and loss statement definition

Accounting Tools

Related Courses The Balance Sheet The Income Statement The Interpretation of Financial Statements What is a Profit and Loss Statement? A profit and loss statement aggregates the revenues , expenses , and profits or losses of a business. This report portrays the financial results of a business for a specific period of time, such as for a month, quarter, or year.

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Today's QB Talks is Your Guide to QuickBooks Connect

Insightful Accountant

Join Kristen Nies Ciraldo and Kelly G for today's 'QB Talks' at 2 p.m. (EST). They will 'chat you up' and take you touring the upcoming 'QuickBooks Connect' in Vegas.

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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.

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Boilerplate definition

Accounting Tools

Related Courses Essentials of Business Law What is Boilerplate? Boilerplate refers to the standard legal text in a contract, which is rarely changed. Boilerplate text is normally inserted into a contract by the creator of the contract, who does not allow the other party to the contract to alter it. For this reason, boilerplate typically favors the interests of the contract creator.

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Revolutionizing Accounts Payable Automation: Gravity Software Unveils Cutting-Edge AI Technology Powered by Microsoft’s Cognitive Services AI Engine

Insightful Accountant

As part of its unwavering commitment to enhancing multi-entity accounting efficiency, Gravity Software® is proud to introduce new AI technology to transform accounts payable processes.

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How to calculate margins

Accounting Tools

Related Courses Business Ratios Guidebook The Interpretation of Financial Statements A margin is the difference between sales and expenses. There are a number of margins that can be calculated from the information located in the income statement , which give the user information about different aspects of an organization's operations. The contribution margin and gross margin examine different aspects of the amounts earned from the sale of products and services prior to selling and administrative

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Secure Early-Bird Pricing for Credit Congress 2024 in Las Vegas!

NACM

NACM's 128th Credit Congress will be held in Las Vegas, NV from June 9-12, 2024. With networking, educational seminars and a chance to explore and enjoy entertainment in the city, this Credit Congress is one opportunity you do not want to miss!With several sessions offered, credit professionals are able to learn and connect with others on any issue.

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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.