Accounting Today

JULY 17, 2024

Taxpayers and financial institutions now need to verify their identities when they sign in or register to use the system as an extra security measure.

Tax 301

Tax 301

Ace Cloud Hosting

JULY 17, 2024

Lacerte is one of the most popular and reputable tax preparation and filing software for small—to medium-sized businesses. It offers robust features that allow tax professionals to reduce manual work.

Tax 105

Tax 105

Accounting Today

JULY 17, 2024

Tyler Otto, president and owner of Specialty Bookkeepers & Tax, turned his wife's side hustle into a full-fledged firm after losing his job.

Bookkeeping 299

Bookkeeping Tax 299

Insightful Accountant

JULY 17, 2024

Ben Richmond, the Managing Director of Xero for North America, gives valuable insights into accounting firms providing 'Fractional CFO' services.

XERO 98

XERO Accounting Accounting 98

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

Accounting Today

JULY 17, 2024

The Big Four firm named Dan Priest as its chief AI officer for the U.S.

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293

Accounting Tools

JULY 17, 2024

What is Continuing Professional Education? Continuing professional education (CPE) is ongoing training that is required in order to remain certified as a professional in certain fields. The intent behind requiring this training is to force professionals to continue to update their knowledge of pertinent information that can improve their ability to serve their clients.

CPA 75

CPA Auditing Accounting Accounting 75

Accounting Tools

JULY 17, 2024

What is Investment Property? Investment property is property that an entity holds to earn rental income and/or capital appreciation. It generates cash flows mostly independently of other assets held by an entity. It is not property that an entity uses to supply goods or services, nor is it used for administrative purposes. Examples of Investment Property There are many examples of investment property, including the following: Farmland Forest land Commercial properties held for rent or appreciati

Accounting 75

Accounting Accounting 75

Accounting Today

JULY 17, 2024

An influx of investors is accelerating growth in the professional services sector.

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182

Accounting Tools

JULY 17, 2024

What is a Financial Information System? A financial information system is an organized approach to collecting and interpreting information, which is usually computerized. A well-run financial information system is essential to a business, since managers need the resulting information to make decisions about how to run the organization. This system can be used in many ways, including the following: Ensure that there are sufficient funds on hand to pay for obligations as they come due for payment

Budgeting 75

Budgeting Invoicing Payroll Collections 75

Accounting Today

JULY 17, 2024

The adoption of on-chain accounting in stablecoin markets is not just a theoretical concept; it's already being implemented.

Accounting 140

Accounting Accounting 140

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.

Accounting

Accounting Tools

JULY 17, 2024

What is the Highest and Best Use in Accounting? Under the concept of highest and best use, fair value is determined based on the price at which an asset could theoretically be employed in its highest and best use, rather than the use in which the asset is currently employed. The highest and best use concept is subject to the limitations noted below.

Accounting 73

Accounting Accounting 73

Accounting Today

JULY 17, 2024

The bookkeeping solutions provider debuted its Generative Accounting Retrieval sYstem, GARY.

Bookkeeping 140

Bookkeeping Accounting Accounting 140

Economize

JULY 17, 2024

By monitoring what you’re spending, you can make sure you’re using your resources wisely. This clear view into your costs helps you spot any resources that aren’t fully utilized, ensuring you’re not overpaying for what you don’t really need. Hence, AWS EKS cost monitoring plays a key part in managing your Kubernetes clusters.

Computation 59

Computation 59

CSI Accounting & Payroll

JULY 17, 2024

As a small business owner, since you want to maintain your relationships and claim your tax deductions, you write off gifts! Let's discuss who you can write off gifts to, gift types and value, & categorizing gifts in your books.

Tax 52

Tax Small Business Accounting Accounting Accounting 52

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.

Accounting

Future Firm

JULY 17, 2024

Leveraging partnerships can grow your business fast if done right. Follow these steps to improve your chances of landing more partnerships. The post 4 Steps to More Partnerships appeared first on Future Firm.

Accounting 52

Accounting Accounting 52

Accounting Tools

JULY 17, 2024

What is an Imprest Balance? The imprest balance is the amount of cash stated in the general ledger for the petty cash account. This amount does not change. Instead, when cash is issued to replenish a petty cash box , the debit is to the expenses for which cash was paid, while the credit is to the general cash account. Thus, the imprest balance states the initial cash distribution to a petty cash account, and does not subsequently change unless the total amount of cash allocated to the petty cash

Petty cash 52

Petty cash General Ledger Bookkeeping Auditing 52

Insightful Accountant

JULY 17, 2024

Accountants are falling in love with QuickBooks Online for Accountants (QBOA)! Many accountants and bookkeepers are making the move to QuickBooks® Online, but others aren't so sure.and that’s where this course will help!

QuickBooks 52

QuickBooks Bookkeeping Accounting Accounting 52

Analytix Finance & Accounting

JULY 17, 2024

Where every dollar holds importance, mastering cost optimization transcends mere skill; it becomes a strategic imperative. A staggering 58% of CFOs said cost optimization is their top concern. However, conventional methods often fall short in meeting contemporary demands. While businesses aim to maximize profits, they also strive to deliver exceptional products/services.

Customer Service 52

Customer Service Payroll Budgeting Auditing 52

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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.

Financial Statements

Insightful Accountant

JULY 17, 2024

Ready to go beyond the basics? For you, entering standard business transactions into QuickBooks Online is now routine. However, that’s just the beginning!

Bookkeeping 52

Bookkeeping QuickBooks 52

Accounting Tools

JULY 17, 2024

What is a Pay Period? A pay period is the stretch of time over which employee work hours are compiled for later inclusion in a paycheck. This is typically a standardized period, such as a weekly, biweekly , semi-monthly, or monthly period. When one pay period ends, this marks the beginning of the next pay period - there are no gaps between pay periods.

Payroll 40

Payroll Budgeting Accounting Accounting 40

Xero

JULY 17, 2024

On 9 July, we announced that the Xero Beautiful Business Fund is back for 2024. Just as we did last year, we’re giving away more than NZ$750,000 to eligible Xero small business customers across Australia, Canada (excluding Quebec), New Zealand, Singapore, South Africa, the UK, and the US. We want to recognise the role of our accounting and bookkeeping partners in driving small business success and we’d love your help to encourage your clients to enter the Xero Beautiful Business Fund.

XERO 162

XERO Bookkeeping Accounting Accounting 162

Accounting Tools

JULY 17, 2024

What is Ideal Capacity? Ideal capacity is the maximum output that a manufacturing facility can produce, assuming no downtime and no waste. It is nearly impossible to attain the ideal capacity figure, since it involves 24x7 production with no maintenance downtime, no employee breaks, no damaged equipment, and no reworked goods. The concept can be used in budgeting for the output of a production facility but is not recommended, since the actual output will certainly be lower, generating an unfavor

Budgeting 40

Budgeting 40

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

Accounting Today

JULY 17, 2024

The details in the Republican platform provide no specifics on taxes, although extending the expiring provisions of the Tax Cuts of Jobs Act of 2017 is a top priority.

Tax 305

Tax 305

Accounting Tools

JULY 17, 2024

What are Input Costs? Input cost is the set of costs incurred to create a product or service. All other costs incurred by a business are related to general and administrative activities. The proportion of input costs to total costs tends to be relatively low in many businesses. Examples of Input Costs There are only a few classifications of costs that are considered input costs.

Cost Accounting 40

Cost Accounting Accounting Accounting 40

Accounting Today

JULY 17, 2024

Former President Trump is disavowing the conservative blueprint, which advocates for radical shifts in regulations and taxes that would reverberate in the industry.

Tax 255

Tax 255

Accounting Tools

JULY 17, 2024

What is a Working Interest? A working interest is an investment in an oil and gas operation, where the investor is responsible for all costs incurred to explore, develop, and conduct production operations. The share of revenue reserved for the holder of a working interest is the residual amount after the royalty interest and nonworking interests have been subtracted.

Tax 40

Tax Accounting Accounting 40

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.

Accounting Tools

JULY 17, 2024

What is Issued Stock? Issued stock is the shares of a company that have been distributed to investors. These are all of the shares representing the total ownership interest in a business. Issued stock includes shares that have been sold, given to employees or third parties as compensation or payment (respectively), donated, or issued in settlement of a debt - in short, every possible share that has been distributed.

Financial Statements 40

Financial Statements Auditing 40

Accounting Tools

JULY 17, 2024

What are Unobservable Inputs? Unobservable inputs are inputs used in fair value accounting for which there is no market information available, which instead use the best information available for pricing assets or liabilities. An unobservable input may include the reporting company’s own data, adjusted for other reasonably available information. Examples are an internally-generated financial forecast and the prices contained within an offered quote from a distributor.

Accounting 40

Accounting Accounting 40

Accounting Tools

JULY 17, 2024

What is Material Participation? Material participation occurs when a taxpayer is involved in a business on a regular, continuous, and substantial basis. If so, the taxpayer can check off a "material participation" box on his Form 1040. An outside investor in a business is probably not engaged in material participation in the business, since he is merely providing funds to the entity.

Financial Statements 40

Financial Statements Tax 40

Accounting Tools

JULY 17, 2024

What is Commercial Production? Commercial production is the initial point at which production from a grove, orchard, or vineyard begins to make operations economically feasible, based on expected price points. Once perennial crops have reached the point of commercial production, all costs related to the crops (such as for cultivation, pruning, and spraying) are charged directly to expense as incurred.

Billing 40

Billing Accounting Accounting 40

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Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.