Tue.May 21, 2024

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GASB plans new standards and guidance for accountants

Accounting Today

The Governmental Accounting Standards Board is getting ready to roll out new rules and proposals for state and local governments, including improvements to the financial reporting model, classification of capital assets, and measurement of infrastructure assets.

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QuickBooks Desktop is Sunsetting - Here's What You Need to Know

Accounting Department

In a move that mirrors the broader trend towards cloud-based solutions, QuickBooks has announced it is sunsetting its Desktop version. If you're a QuickBooks user or a small business owner reliant on this software, this news may initially sound alarming. However, this transition opens up a new chapter of efficiency, accessibility, and integrated services through QuickBooks Online.

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PwC to build corporate governance framework with COSO, NACD

Accounting Today

The Big Four firm will assist the Committee of Sponsoring Organizations and the National Association of Corporate Directors in developing a corporate governance framework.

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QuickBooks Online Payroll: "New" Digitized I-9 Form

Insightful Accountant

QuickBooks Online Payroll has recently added a digitized I-9 process that works as part of QuickBooks Workforce. Murph takes you through the steps of using this new functionality.

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From Start to Scale: Driving Growth Through Seamless Payments Implementation

Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting

Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical

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Ohio tornado victims get filing relief

Accounting Today

The IRS is postponing tax and filing deadlines for storm victims.

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4 Ways Accountants & Bookkeepers Can Turn Client Payroll & HR Data Into Business Intelligence

The Successful Bookkeeper

For bookkeepers, learning is continuous, and this season provides a great opportunity to refocus and level up.

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The Strategic Benefits of Outsourcing Bookkeeping for Small Businesses

Less Accounting

For small businesses, finding the right balance between managing core operations and handling finances can be challenging. Bookkeeping is crucial for understanding your business’s financial health but can be time-consuming and error-prone if not managed properly. Outsourcing bookkeeping services offers a solution that blends cost savings, efficiency, and expert financial insights, which can be transformative for small businesses.

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EY, KPMG upgrade AI capacities for auditors

Accounting Today

Both Big Four firms announced significant upgrades to its AI capacities for audit and assurance work.

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Top Challenges Accounting Firms Face – Blog Series Part 3 – Moving to Advisory

Ace Cloud Hosting

Welcome to the third installment of our blog series on accounting firms’ top challenges. In the previous blog, we explored the challenges of adopting IT and innovation in the industry.

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75% of UK audits failed to raise alarm before collapses

Accounting Today

The Audit Reform Lab published a report analyzing Britain's audit industry after high-profile corporate collapses and criticism.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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11 Best ERP Systems for Small Businesses in 2024

Ace Cloud Hosting

“Are you looking to choose the best Enterprise Resource Planning (ERP) Solution for your business?” Many ERP systems are available to help businesses of all sizes effectively manage their workload.

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How being a camp counselor helped me become a CPA

Accounting Today

While being a camp counselor is a rite of passage for many college students, it's not an obvious prerequisite for a career in audit. But it should be!

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Optimizing Business Processes With Top Workflow Management Tools

Invoicera

Introduction Do you always feel mixed up trying to get your team on the same track? Or are you losing valuable time and resources because of messy processes? If so, no worries. You’re not alone – many businesses face these very challenges. According to a study, only 4 out of 10 employees feel their company gives clear instructions on how to complete work.

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INCPAS conference talks diversity: 'It's a simple math problem'

Accounting Today

"If we don't diversify, we're not going to have enough CPAs," said INCPAS president and CEO Courtney Kincaid.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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Kubernetes Cost Optimization: 4 Cost Factors & 6 Cost Cutting Tips

finout

What Is Kubernetes Cost Optimization? Kubernetes cost optimization involves managing and reducing expenses associated with operating Kubernetes clusters. It focuses on efficient resource allocation, ensuring that applications run with the resources they need, without over-provisioning. This process considers various factors like compute, storage, and network resources to identify cost-saving opportunities while maintaining performance and reliability.

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In the blogs: Speculation rules

Accounting Today

IRS errors; hiring your kids; investment fund audits; and other highlights from our favorite tax bloggers.

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Cloud FinOps: Ultimate Guide to Principles, Tools & Practices

finout

What Is FinOps? FinOps, or Financial Operations, is an operational framework for deriving maximal value from cloud computing, while providing the data necessary for strategic decision making, and encouraging financial accountability for the use of cloud resources. FinOps is also a cultural practice that promotes collaboration between development, finance, and business teams, with each group taking ownership for cloud usage, supported by a central FinOps group.

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Accounts Receivable Trends

oAppsNet

The rapidly evolving business landscape has spotlighted the critical function of accounts receivable (AR). AR practices are undergoing significant transformations as technologies advance and global markets expand. These changes aim to enhance operational efficiency, improve customer experiences, and adapt to the globalized economy. This comprehensive examination of current AR trends offers insights into how businesses can navigate these shifts, optimize their AR processes, and harness opportunit

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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

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Kubernetes Cost Monitoring: How It Works & 6 Ways to Optimize Costs

finout

What Is Kubernetes Cost Monitoring? Cost monitoring in Kubernetes involves tracking the resources used by applications running in Kubernetes clusters, such as CPU, memory, and storage, to manage expenses. This process helps organizations understand where and how cloud resources are being consumed, enabling more informed budgeting and resource allocation decisions.

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7 Best Practices for effective Account Reconciliations

Nanonets

Seven Best Practices for Effective Account Reconciliations From Mesopotamia's rudimentary ledgers tracking livestock and crops to the second-century BCE Indian treatise " Arthashastra ", accounting has been a cornerstone of economic management in any civilized society. Today, amidst burgeoning global commerce and rapidly expanding business operations, the importance of accounting operations endures.

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Kubernetes Pricing: The True Cost of K8s & 5 Ways to Reduce It

finout

What Is the Cost of Kubernetes? Kubernetes is the world’s most popular container orchestrator. While the Kubernetes software itself is open-source and free, running it in a cloud environment or on-premises servers incurs costs based on the scale, resources used, and the specific cloud provider or hardware chosen.

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The Top 23 Questions to Ask in an Accounting Interview

Future Firm

Find, identify, and land the very best accounting professionals with this list of the best 23 questions to ask in an accounting interview. The post The Top 23 Questions to Ask in an Accounting Interview appeared first on Future Firm.

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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

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How To Do Accounts Receivable Reconciliation

Nanonets

Accounts receivable reconciliation is a crucial process within accounting and financial management practices undertaken regularly by a business. As transactions with customers and clients occur, businesses generate accounts receivable, which represent amounts owed to them for goods and services sold or rendered. Reconciling accounts receivable involves comparing the balances in the accounts receivable ledger with supporting documentation, such as invoices, receipts, and customer payments.

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Client Communication Essentials for Accountants

Insightful Accountant

Whether you're a new accountant or a seasoned professional, it's always good to remember the importance of good communication.

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Top Challenges Accounting Firms Face – Blog Series Part 4 – How Safe is IT?

Ace Cloud Hosting

In the third blog of the series “Top Challenges Accounting Firms Face,” Ace Cloud covered why accounting firms should move towards advisory and how they can tackle it. In Part.

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Member Spotlight: Learning Never Stops

NACM

NACM's Professional Certification Program provides all credit professionals—whether early staged or seasoned ones, education to explore the role of credit even deeper. As a credit professional who has been in the industry for eight years, Asia Rashid, CICP, supervisor at Al Ghandi Auto (Dubai, United Arab Emirates), said she was looking t.

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Solve Your Firm's Automation Complexities Once and For All

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.