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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How to Select the Perfect Payments Partner: 7 Keys for Sustainable Growth

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

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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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PCAOB fines MaloneBailey $400K for quality control violations

Accounting Today

The Public Company Accounting Oversight Board has levied a $400,000 fine against MaloneBailey and sanctioned the auditingfirm for pervasive quality violations.

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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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2024 Annual Trends Survey: Expense Management Insights

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.

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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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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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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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Unlock The Power Of The CFO Toolkit

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.

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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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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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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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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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Pricing for Profit: How to Set, Negotiate, and Succeed

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

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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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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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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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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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3 Steps to Successful & Strategic Year-End HR Planning

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!

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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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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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Auditpalooza: Rocking the Month-End Close Audit

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.