Accounting Today
MAY 2, 2024
A set of polls has found that leaders expect that generative AI will lead organizations to actually increase, not decrease, their headcount, at least in the short term.
Accounting Department
MAY 2, 2024
Last week, AccountingDepartment.com Business Development Representative, Shawn Marcum hit the road and attended the CEO Coaching Make BIG Happen Summit in Miami, FL.
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Accounting Today
MAY 2, 2024
$300 a scam; dead wrong; permanent problem; and other highlights of recent tax cases.
Fidesic blog
MAY 2, 2024
What is VendorVault? VendorVault by Fidesic is a secure vendor portal that makes it easier for your vendors to submit, manage and status check their own invoices.
Speaker: Dave Sackett
Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.
Accounting Today
MAY 2, 2024
The Internal Revenue Service released an update of its Strategic Operating Plan, with improvements planned in services and technology for both taxpayers and tax professionals.
Insightful Accountant
MAY 2, 2024
The partnership you need as an agribusiness focused accountant, bookkeeper or ProAdvisor.
Financial Ops World brings together the best financial operations content from the widest variety of thought leaders.
Accounting Tools
MAY 2, 2024
What is a Self-Liquidating Loan? A self-liquidating loan is a debt that is paid off from the cash flow generated by the assets originally acquired with the funds from the debt. The scheduled loan payments are typically structured to coincide with the cash flows generated by the underlying asset. These loans are structured to have a short duration, and are used to fund temporary increases in current assets.
Accounting Today
MAY 2, 2024
CFOs need to set clear goals and timelines, explore ownership transfer options and conduct a comprehensive business valuation.
Accounting Tools
MAY 2, 2024
What is a Separate Entity? The separate entity concept states that we should always separately record the transactions of a business and its owners. The concept is most critical in regard to a sole proprietorship , since this is the situation in which the affairs of the owner and the business are most likely to be intermingled. Here are several examples of the rules to be followed when using a separate entity: An owner cannot remove funds from a business without recording it as either a loan , c
Accounting Today
MAY 2, 2024
The Consolidated Audit Trail is a database, one of the largest ever created, that is set to revolutionize how the agency monitors trading activity and spots potential misconduct.
Speaker: Erroll Amacker
As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R
Ace Cloud Hosting
MAY 2, 2024
Thinking about getting QuickBooks to streamline your inventory and simplify accounting? Awesome! But hold on a sec… Before you proceed further, let’s make sure if it’s the right move for.
Accounting Today
MAY 2, 2024
R&D amortization requirements are becoming a major issue for many companies, causing a significant tax burden they may not be able to handle.
Jetpack Workflow
MAY 2, 2024
Podcast Summary Today’s episode features Samantha Santaniello, partner at R.S.K Tax & Consulting. Samantha discusses the importance of setting boundaries to manage time effectively as a business owner. Host David Cristello explores topics like systems and processes for scaling a firm, balancing work and family life, and utilizing AI transcription tools.
Accounting Today
MAY 2, 2024
EisnerAmper will be adding Edelstein; Simon, Krowitz, Meadows & Bortnick joined Marcum; LMC acquired Vogel; and Crete secured additional funding.
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Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.
Less Accounting
MAY 2, 2024
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.
CSI Accounting & Payroll
MAY 2, 2024
Accounting consists of bookkeeping and taxes, but some small businesses don’t want to spend the money to outsource both – especially when there’s limited value if your bookkeeper and tax preparer aren’t working together under one roof.
Nanonets
MAY 2, 2024
NetSuite approval workflows and other invoice processing tasks can become more streamlined and efficient through AP automation. This article describes a NetSuite invoice approval workflow example with steps and addresses how third-party AP automation integration streamlines approving invoices for payment (and other NetSuite invoice processing workflows).
Counto
MAY 2, 2024
Choosing the Best Virtual Corporate Secretarial Service in Singapore for Business Efficiency As businesses in Singapore continue to adapt to the digital landscape, virtual corporate secretarial services are gaining traction as a crucial resource. These services not only streamline compliance and governance but also offer operational flexibility, making them particularly beneficial for dynamic entities like startups.
Speaker: Anna Tiomina, MBA
AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?
Nanonets
MAY 2, 2024
The past few years have been a toss-up for many businesses. Who could have predicted, in 2019, that a global pandemic would lead to record low interest rates and drive massive market gains before crashing down – then slowly returning to normal? In just five short years, enormous changes happened across business enterprises, and those unable to adapt failed.
Counto
MAY 2, 2024
Guide to the Unique Benefits of Singapore’s ONE Pass The Overseas Networks and Expertise Pass (ONE Pass) is a strategic initiative by Singapore to attract world-class talents across various sectors. This guide delves into the eligibility, application process, and distinctive advantages of the ONE Pass, illustrating its role in bolstering Singapore’s status as a global business hub.
accountingfly
MAY 2, 2024
Top Remote Accounting Candidates This Week Looking for remote accountants? Accountingfly can help! With our ‘ Always-On Recruiting ‘ program, you can access highly skilled and experienced remote accountants with no upfront cost. These are just a few of our top candidates this week. Sign up now to receive the full list of top accounting candidates available weekly!
Counto
MAY 2, 2024
Navigating the Foreign Account Tax Compliance Act (FATCA) in Singapore As a small business owner or entrepreneur, understanding global financial regulations like the Foreign Account Tax Compliance Act (FATCA) is crucial. Implemented in Singapore since December 9, 2014, FATCA requires financial institutions to report financial account details of U.S. persons to the Inland Revenue Authority of Singapore (IRAS).
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Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.
Blake Oliver
MAY 2, 2024
Picture this: You're on a flight, and the person beside you starts a conversation. They find out you're an accountant and ask, "Hey, don't you think an accountant should be running Boeing? Who better to whip that company into shape than someone who knows their way around a balance sheet?" You could be sitting next to Michael O'Leary, the CEO of Ryanair.
oAppsNet
MAY 2, 2024
In the dynamic landscape of digital information, integrating Artificial Intelligence (AI) into content management systems has ushered in a new era of efficiency and relevance. This exploration uses AI to classify emails and business files, shedding light on how intelligent content management prioritizes what truly matters. The Role of AI in Email Classification: A Contextual Approach 1.
Accounting Tools
MAY 2, 2024
What is the Spot Rate? The spot rate is the current price at which a currency , security, or commodity can be acquired. This rate is most commonly available for items that are bought and sold through an organized exchange, where there are many willing buyers and sellers. In an active market, the spot rate may change frequently. The spot rate actually reflects the price at which the traded item will be delivered to the buyer, which may be one or more days in the future.
Cloud Accounting Podcast
MAY 2, 2024
Blake and David examine the latest tax legislation traveling through Congress, including a new bill requiring the IRS to provide detailed explanations for math errors on tax returns. They also discuss the IRS's new direct file program, the banning of non-compete agreements, and the coolest profession around (spoiler alert: it's not accounting). Lastly, they touch on the concerning data breach at BerryDunn and the AICPA's efforts to rebrand the CPA to attract more young people to the field.
Speaker: Melissa Hurrington
Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.
Accounting Tools
MAY 2, 2024
What is Purchase Discounts Lost? Purchase discounts lost is a general ledger account that contains the amounts a business did not save through its failure to take early payment discounts offered by suppliers. This information is aggregated for reporting to management, and is also used for subsequent analysis to improve the payment processing procedure.
Accounting Tools
MAY 2, 2024
What is the Sequential Method? The sequential method is used to allocate the cost of service departments to other departments within an organization. Under this approach, the cost of each service department is allocated one department at a time. Thus, the cost of one service department is allocated out to all user departments, which may include other service departments.
Accounting Tools
MAY 2, 2024
What is a Service Center? A service center is a department that provides services to other departments within a business. The costs of these departments may be charged to the using departments under the terms of an annual service agreement, so that all managers concerned can budget for the charges that will be billed. If the cost of a service center appears excessive to a using department, the manager of the using department may have the option of acquiring the service from a third party.
Accounting Tools
MAY 2, 2024
What is a Significant Deficiency? A significant deficiency is a single weakness or a combination of weaknesses in the internal controls associated with financial reporting. This deficiency is less severe than a material control weakness and yet is sufficient to merit the scrutiny of those responsible for administering an entity's financial reporting.
Speaker: Yohan Lobo
In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.
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