Thu.Jan 02, 2025

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The most-read stories of 2024 in accounting

Accounting Today

The worsening talent shortage and new policies from the Internal Revenue Service top the list of the stories our readers flocked to.

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Leveraging Financial Analytics: Turning Data into Actionable Business Strategies

Accounting Department

In today's fast-paced business environment, numbers alone won't cut it. It's about transforming those numbers into meaningful insights that can guide strategic decisions and drive growth. Financial analytics offers medium-sized businesses a powerful tool to convert raw data into actionable strategies, giving them a competitive edge. Let's explore how leveraging financial analytics can revolutionize business operations , improve decision-making, and enhance overall efficiency.

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SEC approves PCAOB rule change on deregistering firms

Accounting Today

The PCAOB will be able to address situations in which a registered firm has ceased to exist, is nonoperational, or no longer wishes to remain registered.

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Jan 3, Reminder to log your odometer reading

Bookkeeping Essentials

At the beginning of each year (January 1), you need to record your odometer reading. This figure becomes the last entry for your prior year log. It's a good idea to diarize this date so you don't forget.

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Profit in the Details: Rethinking Spend for Monumental Impact

Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g

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The 2024 Top 100 People: Building a legacy

Accounting Today

Accounting's top influencers share what they want to be remembered for.

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BOI Reporting in Flux Following Fifth Circuit Rulings

Insightful Accountant

The enforcement status of the CTA continues to shift following recent Fifth Circuit decisions. After initially granting the emergency motion to stay a nationwide injunction on December 23, the Fifth Circuit's merits panel reversed course.

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A Sample CPA Firm Client Transition Letter (Free Template)

Jetpack Workflow

Whether your firm is undergoing personnel changes or you need to restructure your team for better alignment with your business objectives, there may come a time when you need to re-assign a client to a new accountant. While the client may not notice much difference with the change, communicating the details of this transition clearly and professionally is essential so they dont feel left in the dark.

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DOJ takes BOI fight to Supreme Court

Accounting Today

The Justice Department filed an emergency request with the U.S. Supreme Court, asking it to lift the injunction on the beneficial ownership information reporting requirement under the Corporate Transparency Act after a federal appeals court reversed itself on the injunction last week.

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5 Signs It’s Time to Automate Your AP Processes 

AvidXchange

Have you noti ced inefficiencies in your accounts payable (AP) department ? It might be time for a change. Identifying signs like frequent errors, late payments , or audit challenges can highlight the need for automation. In this post, well explore key indicators that signal its time to streamline your AP workflow and boost efficiency with automation.

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Thomson Reuters acquires SafeSend

Accounting Today

Thomson Reuters acquired cPaperless, doing business as SafeSend, for $600 million in cash to expand its tax and accounting offerings.

Tax 130
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Navigating Bleisure Travel: A Guide for Mid-Sized Companies

Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.

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Top 10 Financial Management Tools for CFOs

Invoicera

Financial management is particularly vital for small businesses since 61% rely on personal savings to meet their funding needs. The above statistics clearly depict how much of a requirement there is for financial management tools. Additionally, with the average loan under the SBA’s 7(a) program being approximately $479,685 in 2023, having robust financial management systems becomes crucial for businesses to handle loans effectively and avoid financial pitfalls.

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Yeo & Yeo buys Amy Cell Talent

Accounting Today

The Regional Leader firm has acquired a human resources service provider in Michigan and rebranded it as Yeo & Yeo HR Advisory Solutions.

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How to NetSuite - Supply Chain Planning

Insightful Accountant

Murph summarizes the advantages of sound supply chain planning and procurement management if your business involves production/manufacturing or wholesale/retail sales. He overviews these capabilities within Oracle NetSuite.

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2024 Top 100 People extra: Careers to remember

Accounting Today

As part of this year's Top 100 Most Influential People survey, Accounting Today asked, "What would you like your professional legacy to be?

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Breaking Ground on Better Payment Processes: Strategies for Construction Pros

Speaker: Timothy Allsopp

Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.

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Jan 2, How To Close Your Books in QBO

Bookkeeping Essentials

Closing the books is an important practice for any small business owner. Learning how to use QuickBooks Online to close your books is much simpler than some other accounting programs. Here's the why, when, and how to close the books in QuickBooks Online (QBO).

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How the accounting profession can fend off a talent crisis

Accounting Today

A generation of CPAs is at or near retirement age, and the number of new accounting professionals entering the field won't be enough to keep up with future needs.

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Tech Stack Series: Discovery and Onboarding, Re-engagement and Dis-engagement Tech

Insightful Accountant

In this Tech Stack series with Kellie Parks CPB, we will cover the essential technology for building a harmonious onboarding experience that sets the stage for respectful, professional client relationships with your firm.

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Financial Vitality | Automating Invoice To Cash

oAppsNet

Maintaining robust financial health is a top priority for companies of all sizes in today’s fast-paced business environment. One of the most critical aspects of economic vitality is efficiently managing the invoice-to-cash (I2C) process. This process encompasses everything from issuing invoices to receiving payments and directly influences cash flow, profitability, and overall business performance.

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The Growth Architect: How Financial Leaders are Unlocking Potential

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

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The Future of Accounting: Zoho Practice

Insightful Accountant

Accounting firms face numerous challenges, from inefficiency to miscommunication and time-consuming manual tasks. Zoho Practice is a comprehensive platform designed to streamline your operations.

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Establishing Small Business Accounting Services and accounting firm in New York City (NY)

Black Ink Tax & Accounting

Table of Contents Understanding the Average Cost of CPA Tax filing and how much will it cost The filing of […] The post Establishing Small Business Accounting Services and accounting firm in New York City (NY) appeared first on bitaccounting.

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Top Remote Accounting Candidates for Hire | January 2, 2025

accountingfly

Top Remote Candidates This Week Are you in need of remote accountants? Accountingfly can assist you! Our ‘ Always-On Recruiting ‘ program allows you to connect with highly skilled and experienced remote accounting candidates without any upfront costs. Here are some of this week’s top remote tax and accounting candidates. Sign up now to receive the full list of available top accounting candidates on a weekly basis!

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How Technology and Relationships Drive Small Business Success

The Successful Bookkeeper

Small business success often hinges on the right balance between technology and relationships. Melika Hope, a senior product manager at Intuit Canada, brings a unique perspective to this dynamic, blending her CPA expertise with her passion for empowering small business owners. Her insights offer actionable strategies for bookkeepers and small business owners alike to enhance efficiency, build meaningful connections, and leverage modern tools for growth.

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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

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BOI On Again Off Again, Bench Shuts Down, Dying Language of Accounting

Cloud Accounting Podcast

Rounding out 2024, Blake and David tackle tons of accounting news, including bookkeeping startup Bench's shutdown and the ongoing BOI reporting requirements saga. They also examine concerns about IRS Commissioner nominee Billy Long's credentials, including his "Certified Tax and Business Advisor" designation from a three-day seminar. Wrapping up, they review some of 2024's hottest stories, including declining CPA candidates, audit quality issues, and KPMG CEO Paul Knopp's Wall Street Journal op-

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15 Best Color Palettes for Websites (+ Examples & Tips)

Fit Small Business

Your website is your brands primary representation in the online world. Its likely the first stop potential customers will visit when researching your business, which is why its essential that it leaves the right impression. And part of that is choosing the colors for your website. To get started with some inspiration, I rounded up. The post 15 Best Color Palettes for Websites (+ Examples & Tips) appeared first on Fit Small Business.

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What Is a Statutory Employee? Definition and Key Facts

Fit Small Business

Statutory Employee Definition A statutory employee bridges the gap between a regular employee and an independent contractor. Regular employees work under direct supervision, have taxes withheld, and typically receive company benefits. Independent contractors maintain complete autonomy, receive 1099 forms, and handle all their own taxes. Here are the key characteristics of a statutory employee: Independent.

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What Is Workplace Bullying? Types, Laws & How to Prevent It

Fit Small Business

Workplace Bullying Definition & Overview The definition of workplace bullying is any constant and repeated harassment or offensive actions toward another employee. Bullying goes beyond simple disagreements between coworkers; it is damaging behavior through intimidation, humiliation, or exclusion. This negative environment not only affects individual well-being but also undermines team dynamics and productivity.

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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