This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
In the fast-paced world of small and medium-sized businesses (SMBs) and startups, reliable accounting services are crucial. Recently, a new trend has emerged—accounting firms operated with the help of venture capital funding. On the surface, these services may appear attractive due to their low costs and initial benefits. However, SMB owners, entrepreneurs, and finance professionals need to tread carefully.
Checking account vs. savings account: The differences If you’ve just started managing your own money, you’ve probably heard about the two main types of bank accounts: checking and savings. Since 94% of U.S. households have a checking or savings account, chances are you already have one of these types of accounts. However, you might still be unsure about how they differ and why you should choose one over the other.
The Internal Revenue Service issued its annual inflation adjustments for tax year 2025, including changes in the standard deduction, marginal rates, tax credits and more.
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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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.
Checking account vs. savings account: The differences If you’ve just started managing your own money, you’ve probably heard about the two main types of bank accounts: checking and savings. Since 94% of U.S. households have a checking or savings account, chances are you already have one of these types of accounts. However, you might still be unsure about how they differ and why you should choose one over the other.
Financial literacy for college students: tips and essential concepts to know College is a life-changing experience that sets the stage for your entire future. Yet there’s such little focus on helping future and current college students achieve financial literacy. According to the Education Data Initiative , student loan debt in the US is $1.75 trillion, spread among nearly 43 million borrowers.
Financial literacy for college students: tips and essential concepts to know College is a life-changing experience that sets the stage for your entire future. Yet there’s such little focus on helping future and current college students achieve financial literacy. According to the Education Data Initiative , student loan debt in the US is $1.75 trillion, spread among nearly 43 million borrowers.
What is a Contra Asset? A contra asset is a negative asset account that offsets the asset account with which it is paired. The purpose of a contra asset account is to store a reserve that reduces the balance in the paired account. By stating this information separately in a contra asset account, a user of financial information can see the extent to which a paired asset should be reduced.
What is a Stock Ledger? A stock ledger lists the share -related transactions of a company. It states the name of the owner of each block of shares, as well as the number of shares owned by each investor, the type of shares purchased, the date of each purchase and the amount paid. A stock ledger can be structured as a table, which is updated to reflect all sales, repurchases, or transfers of stock.
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
Global confidence among accountants globally declined in the third quarter to its lowest level since 2023, although confidence increased in North America.
Tomorrow, Murph is presenting a 'Be Insightful' program covering ERP Alternatives to QuickBooks. The program includes the 10/24/24 webinar, a Blue Paper, and a follow-up Question & Answer workshop.
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.
The Redmond, Washington-based software maker said it would roll out 10 "autonomous agents" to complete tasks on behalf of people in areas such as sales, customer support and accounting.
Accounts Payable (AP) is a critical business function. It manages outgoing payments to suppliers, vendors, and other creditors. Traditionally, this process involved manual tasks like invoice processing, approvals, and payment disbursement, which were prone to errors and inefficiencies. However, with technological advancements and changing business environments, the accounts payable landscape is rapidly evolving.
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?
What is Selling Expense? Selling expense (or sales expense) includes any costs incurred by the sales department. These costs typically include the following items: Salesperson salaries and wages Sales administrative staff salaries and wages Commissions Payroll taxes Benefits Travel and entertainment Facility rent / showroom rent Depreciation Advertising Promotional materials Utilities Other departmental administration expenses If the marketing function is merged into the sales department, then a
Join Insightful Accountant's Be Insightful Premium Content and training program before October 29 and you will be entered into a drawing for a $5000 travel voucher.
TurboTax's "break up with your tax pro" ad touched a nerve in the accounting world. And you know what? Maybe it’s because they have a point. Intuit’s TurboTax ad pull fuels tension within accounting culture Published Oct. 21, 2024 I got quoted in a CFO.com article about this mess, and here's my take: The customer in Intuit’s ad says she’s leaving her accountant for: A TurboTax expert who charges me less but gives me more.
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.
What is a Stock Exchange? A stock exchange is an organized market in which securities are bought and sold. Securities are only traded on an exchange if issuers meet the reporting and financial stability requirements set by the exchange. A stock exchange can be used by issuers to sell new securities to investors, or by investors to trade existing securities amongst themselves.
Bill360, an end-to-end accounts receivable (AR) automation platform that accelerates cash flow by 20% – 30% for accountants and most B2B small-to-medium-sized business clients is launching new features at Intuit Connect.
What is the Fiscal Year-End? Year-end refers to the conclusion of an organization's fiscal year. Many firms observe a calendar year end, in which case their year-end is December 31. Other organizations observe different fiscal years, which result in other year-end dates. For example, a business that observes a fiscal year beginning on February 1 would have a year-end of January 31.
What is Ministral? Ministral is a series of Large Language Models launched by Mistral AI in October 2024, which includes Ministral 3B (3 billion parameters) and Ministral 8B (8 billion parameters), designed specifically for on-device computing and edge applications. These models support up to 128k context length. With a unique sliding-window attention mechanism , Ministral models deliver efficient inference in resource-constrained environments , making them ideal for tasks like on-device t
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.
What is the Early Extinguishment of Debt? Early extinguishment of debt occurs when the issuer of debt recalls the securities prior to their scheduled maturity date. This is possible when the issuer specifies in the debt agreement that the debt is callable at a certain redemption price, and then calls the debt. This action is usually taken when the market rate of interest has dropped below the rate being paid on the debt.
The Biden administration finalized rules for a 25% tax credit for semiconductor manufacturing projects, expanding eligibility for what is likely to be the largest incentive program from the 2022 Chips and Science Act.
What is a Credit Report? A credit report summarizes a person's credit history and current credit circumstances. The report is used by lenders to decide whether to grant you a loan, and the interest rate to charge; these decisions are based on the risk information stated in the credit report. The report can also be used by a creditor to adjust the amount of trade credit granted to you.
What are Salaries Payable? Salaries payable is a liability account that contains the amounts of any salaries owed to employees, which have not yet been paid to them. The balance in the account represents the salaries liability of a business as of the balance sheet date. This account is classified as a current liability , since such payments are typically payable in less than one year.
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.
We organize all of the trending information in your field so you don't have to. Join 52,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
278 
Let's personalize your content