Accounting Today

MARCH 8, 2024

A bill backed by the Minnesota Society of CPAs that would ease the path to a CPA license has moved forward in the Minnesota Senate.

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CPA Billing Accounting Accounting 331

Accounting Department

MARCH 8, 2024

We are thrilled to announce that Episode 14 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

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Accounting Accounting 247

Accounting Today

MARCH 8, 2024

Advisors must be attuned to the emotional factors at play, since no two clients have the same relationship with money.

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Tax 329

Accounting Department

MARCH 8, 2024

Happy International Women's Day!

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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

MARCH 8, 2024

Some companies are misrepresenting when food and wellness expenses can be paid for by FSAs, HSAs and other health spending plans.

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Tax 321

Ace Cloud Hosting

MARCH 8, 2024

One of the most preferred professional tax software for CPAs, small accounting firms, and individual tax preparers, ATX is easy to use and has a forms-based interface. It is readily.

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Tax Accounting Accounting 105

LedgerDocs

MARCH 8, 2024

“To err is human.” It is within human nature to be imperfect and to make mistakes. It is one of our biggest obstacles when it comes to bookkeeping, where accuracy is paramount. As we move deeper into the digital age, we have created artificial intelligence to help us offset this weakness. In this blog post, we will explore the key role that AI plays in reducing bookkeeping, data entry, and classification errors.

Bookkeeping 101

Bookkeeping Data Entry Invoicing QuickBooks 101

Accounting Today

MARCH 8, 2024

Plus, Baker Tilly solution helps find clean energy credits; and other updates from the accounting tech world.

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Accounting Accounting Tax 303

Blake Oliver

MARCH 8, 2024

Blake’s conversation with Kendale King, CPA, gives an insider’s view into the intriguing world of entertainment finance. Kendale shares his transition from Big Four auditor to accounting for multi-million dollar studio deals. You’ll see a new side of accounting blending creativity with business strategy. Gain insight into entertainment studios’ complex “Hollywood Accounting” practices around profit participation and residuals.

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CPA Accounting Accounting Auditing 69

Accounting Today

MARCH 8, 2024

Cherry Bekaert Foundation partners with Junior Achievement USA to provide $100K in grant donations; Maner Costerisan promotes 11; and more news from across the profession.

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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.

Collections

Cloud Accounting Podcast

MARCH 8, 2024

Blake and David meet with Chris Vanover, President of CPAClub, about the recent $2 million PCAOB fine against Withum for poor audit quality on many 2021 SPAC audits. They examine Withum's 500% increase in audits with minimal staff growth, leading to overworked teams and partners working 100+ hour weeks. They also debate whether the fines are large enough to change behavior or just a cost of doing business.

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Auditing Accounting Accounting 67

Accounting Today

MARCH 8, 2024

President Joe Biden proposed tax increases on the wealthy and large corporations, along with some new tax credits, in his State of the Union address on Thursday night.

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Tax 290

Economize

MARCH 8, 2024

Amazon Web Services’ Relational Database Service (AWS RDS), a managed database service that streamlines database administration tasks, making it easier for developers to set up, operate, and scale databases in the cloud.

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Accounting Today

MARCH 8, 2024

Accountants are known to be 'good with numbers', but that doesn't mean they enjoy entering the same data repeatedly into different systems.

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Accounting Accounting 250

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.

Accounts Payable

NextProcess

MARCH 8, 2024

Are errors hurting your business? It can be a hard question to answer. If you can identify the impact of errors, then you can take steps to correct them. But often, errors slip in that you don’t even know about and so it’s hard to track how much they might be damaging your company. If your company relies on manual data entry, then you can guarantee there are errors in your spreadsheets.

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Purchase Order Data Entry Accounts Payable Accounts Payable 52

Accounting Today

MARCH 8, 2024

The company's Solopreneur Accelerator program will provide tax and accounting services to people who work for themselves.

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Tax Accounting Accounting 182

CSI Accounting & Payroll

MARCH 8, 2024

Setting up your chart of accounts is one of the first things you do when starting bookkeeping for your business, and it can also change over time. There’s not a “one size fits all” chart of accounts; the categories on it will vary based on your business’s needs and the information you want to focus on. How do you know if you have the right categories?

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Small Business Accounting Accounting Accounting Payroll 52

Accounting Today

MARCH 8, 2024

The stock rose as much as 22% in Madrid on Friday after Spanish plasma maker published its annual consolidated accounts with an unqualified opinion from KPMG

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Accounting Accounting Auditing 182

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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.

Accounting

Nanonets

MARCH 8, 2024

As the hubs for patient care and medical administration, hospitals often manage vast amounts of paperwork and documentation. The traditional reliance on manual data entry consumes valuable time and introduces the risk of errors that can have critical consequences. Enter Optical Character Recognition (OCR) software is a technological marvel reshaping how hospitals handle documentation processes.

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Data Entry Invoicing Billing AP 52

Dext

MARCH 8, 2024

We invited renowned tax expert, Paul Aplin OBE, to share his thoughts on the announcement of the Spring Budget. As usual, Paul provides a simple breakdown of complex changes, and what they mean for the wider industry. We hope you find it useful.

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Budgeting Tax 52

Accounting Fun

MARCH 8, 2024

"There's money. And then there's MY money" - Anonymous client to accountant about funding a forthcoming tax bill "Money is better than poverty, if only for financial reasons" - Woody Allen "I can't afford to die; I'd lose too much money" - George Burns "One of the mysteries of human conduct is why adult men and women are ready to sign documents they have not read, at the behest of salesmen they don't know, binding them to pay for articles they do not want, with money they do not have." - Gerald

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Billing Tax Accounting Accounting 49

Accounting Tools

MARCH 8, 2024

What is Average Inventory? Average inventory is the mean value of inventory on hand over a measurement period. It can be useful for budgeting purposes, to estimate the amount of working capital investment that a business will need over an extended period of time. Average inventory is used to estimate the amount of inventory that a business typically has on hand over a longer time period than just the last month.

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Budgeting Auditing Accounting Accounting 40

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.

Payroll

NACM

MARCH 8, 2024

On today's episode of Extra Credit … ? As credit departments become more modern with new automation platforms and software, credit managers must prepare to handle any challenges that come their way.? The best way credit teams can ensure the success of any technology transformation is with change management.? Why it matters: It's about managing.

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Accounting Tools

MARCH 8, 2024

What are Accounts Written Off? Accounts written off are those invoices to customers that are considered uncollectible, and which have therefore been removed from the accounts receivable account. Doing so reduces the accounts receivable report to just those customer invoices that are considered to be collectible. This is a benefit for the collections staff, since uncollectible items are being purged from the accounts receivable report - which they use to determine which customers to call about ov

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Collections Accounting Accounting Accounts Receivable 40

Accounting Tools

MARCH 8, 2024

What is Accrued Rent? Accrued rent expense is the amount of rent cost that has been incurred by a renter during a reporting period , but not yet paid to the landlord. In practice, this amount is small to nonexistent, since landlords typically insist on rent being paid in advance. If there is an accrued rent expense, it can indicate that a renter does not have sufficient cash to pay the landlord on a timely basis.

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Accruals Management Accounting Accounting Accounting 40

Accounting Tools

MARCH 8, 2024

What is an Accounting Information System? An accounting information system is one that accumulates, stores, and processes financial and accounting information. The system generates reports that are used to make decisions regarding how an organization is to be run. These reports are also used by outsiders to evaluate lending and investment opportunities with the firm.

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General Ledger Accounting Accounting Accounts Payable 40

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

MARCH 8, 2024

What is Accrued Rent Receivable? Accrued rent receivable is the amount of rent that a landlord has earned, but for which payment from the tenant is still outstanding. This situation arises when a tenant has made use of property owned by the landlord, but has not yet paid the agreed-upon amount of rent for that usage period. This entry is made as part of the closing process at the end of each reporting period.

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Management Accounting Accounting Accounting 40

Accounting Tools

MARCH 8, 2024

What is Advertising Expense? Advertising expense is a general ledger account in which is stored the consumed amount of advertising costs. The balance in this account is reset to zero at the end of each fiscal year , so that it can be populated in the next year with new advertising expenses. Classification of Advertising Expense Advertising expense is classified as an operating expense.

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General Ledger Accounting Accounting 40

Accounting Tools

MARCH 8, 2024

What is a Condensed Balance Sheet? A condensed balance sheet is a statement of changes in financial position that is presented in a highly aggregated format. This form of presentation may be used in combination with a complete set of condensed financial statements , when the intent is to present just the highlights of an entity’s assets , liabilities and equity.

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Financial Statements Financial Reporting 40

Accounting Tools

MARCH 8, 2024

What is a Call Premium? A call premium is the excess amount over the par value of a bond that the issuer is willing to pay in order to redeem a bond before its maturity date. The call premium is stated as a specific monetary value over a bond’s par value, rather than a percentage amount. Depending on the terms of the bond agreement, the call premium usually declines as the current date approaches the maturity date.

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Corporate Finance Accounting Accounting 40

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.

CPA