Tue.Apr 30, 2024

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PCAOB recommends root cause analysis

Accounting Today

A staff report from the Public Company Accounting Oversight Board recommends digging into the factors underlying firm deficiencies.

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New changes to Xero’s plans in Australia from July

Xero

We want to make sure the needs of small businesses and their advisors are met well into the future — and that means providing you with easier access to tools that help you run your business efficiently. That’s why we’re refreshing our subscription plans for small businesses and partners, which will be available from 1 July 2024. We’ve put a lot of consideration into creating streamlined plans with bundled tools and features, to help solve your most important accounting and people managemen

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Tax season 2024: The final numbers

Accounting Today

The number of individual income tax returns received rose by 16.34% in the final week of tax season.

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Fyle Elevates its Game with American Express

Accounting Department

Fyle provides a software solution that empowers small businesses to effortlessly access their corporate credit card transaction data, granting them enhanced insight into employees' expenditures in real time. This software seamlessly integrates with the accounting tools of small businesses, automating the retrieval of expense data and relieving finance teams from the burden of manual transaction input.

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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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Congress considers how to fix the CTA

Accounting Today

A hearing on Capitol Hill reveals some of the problems with the act, and why we may see 'massive' noncompliance.

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QuickBooks Recertification Training For May, 2024

Insightful Accountant

It's time to recertify for most QuickBooks Online ProAdvisors ('Core' or 'Advanced'). The recertification window opens May 1 with a June 30, 2024 deadline for exam completion.

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How to pay Contractors in QuickBooks online?

Nanonets

Businesses increasingly lean on outside contractor support for many operational functions as payroll costs balloon and global talent pools become increasingly accessible. For companies using QuickBooks, a range of self-service contractor payment options are available that, additionally, can be optimized using third-party integrations. We’ll take a quick look at paying contractors through QuickBooks, but, in reality, the process couldn’t be more straightforward for even the least te

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Taking the 'fun' out of refunds

Accounting Today

Taxpayers and clients have scads of wrong ideas about taxes — and they have even more wacky notions about tax refunds.

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Docyt Partners with X-quic to Deliver Bundled Financial Solution

Insightful Accountant

Docyt and x·quic have partnered to deliver bundled financial services for hotel owners and franchisees.

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Sovos launches suite for indirect taxes

Accounting Today

Sovos announced the launch of Sovos Indirect Taxes, which features e-invoicing capacities and integrates with over 70 ERPs and transaction management systems.

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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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Important Announcement: QB Talks Date Change!

Insightful Accountant

We have an update for May's QB Talks with Alicia Katz Pollock. Take a look!

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ISSB releases digital sustainability taxonomy

Accounting Today

The International Sustainability Standards Board published a new taxonomy to help investors analyze sustainability disclosures.

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The Transition to Outsourced Bookkeeping: A Step-by-Step Guide for Small Businesses

Less Accounting

Outsourced bookkeeping is a strategic service that many small businesses turn to in order to maintain accurate financial records without the overhead of a full-time accountant or bookkeeper. This solution can streamline financial management, reduce costs, and allow business owners to focus more on core business operations. However, to effectively leverage outsourced bookkeeping, it’s essential to understand some foundational principles.

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CPA planners urge more tax pros to adopt wealth management

Accounting Today

New financial planning questions on the accounting exam could attract more young people and encourage current practitioners to explore the burgeoning ties between the fields.

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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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What is web scraping? A complete guide

Nanonets

In today's ever-expanding digital landscape, a vast amount of data is available at our fingertips. And this data continues to grow at a rapid pace. As of 2023, there were over 50 billion web pages online. The information on these websites must be scraped and extracted for many different business purposes, ranging from aiding small research projects to training LLMs that power AI models.

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EV maker Polestar delays earnings over accounting errors

Accounting Today

The accounting snarls add to the struggling electric-vehicle maker's issues with cash burn and sluggish auto sales.

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5 ways automation breaks the capacity barrier for finance teams

Plooto

When your business is growing rapidly, there’s a lot to celebrate. But growth also brings its challenges — especially when growth is outpacing your hiring. As businesses grow, finance teams often find their workload expanding much faster than their budget or their team. More customer orders mean additional money flowing in and out — which also means more financial transactions to process and more strategic decisions to make.

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Pathways to Growth: Forget cross-selling; 'Land and expand' instead

Accounting Today

At a time when resources are scarce, it makes sense to identify clients that represent the highest potential for the most profitable firm revenue growth.

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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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Harnessing AI to extract data from PDF

Nanonets

In today's digital-first age, the volume of data managed and processed by organizations has skyrocketed, making efficient data extraction techniques more crucial than ever. Particularly, extracting data from PDFs —an often cumbersome and error-prone task—has seen significant advancements with the emergence of Artificial Intelligence (AI).

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In the blogs: Disclosure and discord 

Accounting Today

Welcome, 1099-DA; moving out and moving on; not all CRM is alike; and other highlights from our favorite tax bloggers.

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Automating Sales Order Entry: A Cost-Saving Solution for Companies

oAppsNet

In today’s fast-paced business environment, automating sales order entry has emerged as a cost-saving solution for companies seeking to streamline their sales processes, improve efficiency, and reduce operational expenses. This article explores how automation technology can revolutionize sales order entry systems, offering businesses significant financial benefits and long-term savings. 1.

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5 steps to mastering a holistic services model

Accounting Today

The tools, techniques, strategies and relationships you need to embrace to expand into advisory services.

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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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United Bakers’s Recipe for the Next 100 Years of Success with Dext Prepare

Dext

About United Bakers When Nathan Ladovsky walks between the tables filled with loyal customers at United Bakers, he’s not just working. He’s upholding a century-long tradition, following the steps of his great-grandparents. Recently immigrated from Poland, Aaron and Sarah Ladovsky established United Bakers in 1912.

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How to Pay Contractors in QuickBooks Online?

Nanonets

Businesses increasingly lean on outside contractor support for many operational functions as payroll costs balloon and global talent pools become increasingly accessible. For companies using QuickBooks, a range of self-service contractor payment options are available that, additionally, can be optimized using third-party integrations. We’ll take a quick look at paying contractors through QuickBooks, but, in reality, the process couldn’t be more straightforward for even the least te

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IRS Accepting Applications for Tax Counseling for TCE and VITA Grants

Insightful Accountant

IRS accepting applications for TCE and VITA grants, offering funding for organizations to provide free tax return assistance for up to three years.

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Negative pledge clause definition

Accounting Tools

What is a Negative Pledge Clause? A negative pledge clause is used when a debtor agrees not to grant a security interest in its assets to another party. The terms of this covenant typically state that, if the debtor does grant a security interest in its assets, that the first creditor will be designated as a co-holder of the lien. This approach ensures that the creditor will not be left out of the race to secure the debtor’s assets in the event of the debtor's bankruptcy.

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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.

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Member Spotlight: Achieving Credit Success

NACM

NACM's Professional Certification Program gives all credit professionals tools for success. With six levels of certification, credit managers have a wide range of options to learn about—whether it is learning something completely new or brushing up on already acquired skills. Heather Will, CBA, credit manager at Anchor Industries, Inc. (E.

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