Accounting Today

APRIL 8, 2024

The Internal Revenue Service is making some changes in the way it sends tax transcripts for clients to tax professionals to beef up security.

Tax 321

Tax 321

Intuit

APRIL 8, 2024

We have recently seen quite a bit of discussion in Congress about family tax credits, and, in particular, the EITC and CTC. In fact, the US House of Representatives passed bipartisan legislation to expand the CTC, a proposal that according to some would benefit 16 million children from low-income families and in its first year, raising 400,000 children above the poverty line.

Tax 263

Tax Auditing 263

Accounting Today

APRIL 8, 2024

Here are some tips for showing your appreciation to your staff in the closing days of tax season.

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Tax Accounting Accounting 312

Xero

APRIL 8, 2024

As nearly a thousand of our employees around the globe down tools this week for one of our twice-yearly hackathons, I’ve been reflecting on the purpose and benefits of this practice. Hackathons have been a fixture in the tech world for decades. But today the concept is widely utilised in fields as diverse as businesses, healthcare, education and social impact to solve some of the world’s most pressing issues.

XERO 214

XERO Collections 214

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Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

Accounting Today

APRIL 8, 2024

Marc Rosenberg and Kristen Rampe look back at three decades of change in the accounting profession — and what lies ahead.

Accounting 238

Accounting Accounting 238

Insightful Accountant

APRIL 8, 2024

The IRS has some important reminders for taxpayers who haven’t filed yet.

Tax 105

Tax 105

Gaviti

APRIL 8, 2024

Anyone who’s worked in accounts receivables knows how valuable a good collections email template can be. Accounts receivable collections rely on clear communication with customers, both in delivering accurate invoices on time and ensuring those invoices get paid. An A/R collections email template supports quick and efficient communication between you and your clients.

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Collections Invoicing Accounts Receivable Accounts Receivable 98

Accounting Today

APRIL 8, 2024

More than 70 of the Internal Revenue Service's assistance centers will be open for walk-ins from 9 a.m. to 4 p.m.

Tax 200

Tax 200

Insightful Accountant

APRIL 8, 2024

The formal applications submitted by Top 100 ProAdvisors contain a wealth of information. Part of that information reflects how these 'Pros' interact with apps and software. Here's my first look at the 2024 Domestic data.

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Accounting Today

APRIL 8, 2024

The Treasury Department reported increasing usage of the Internal Revenue Service's free Direct File tax-filing system that they've been pilot testing in a dozen states this tax season.

Tax 189

Tax 189

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.

Collections

Invoicera

APRIL 8, 2024

Introduction What is the first step to take when you want to start a business? Some would argue that it’s coming up with an idea and building a prototype. We disagree! The very first thing you need is your financial forecast. A business financial forecast is a crucial piece of financial information that lenders and vendors often look at before doing business with you.

Financial Reporting 52

Financial Reporting Invoicing Billing Accounts Receivable 52

Accounting Today

APRIL 8, 2024

Boston Mayor Michelle Wu is seeking to raise commercial property tax rates to help protect homeowners from the brunt of the historic slump in office property values.

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Tax Corporation Tax 182

CSI Accounting & Payroll

APRIL 8, 2024

When small business owners think of accounting services, they usually picture monthly bookkeeping services. They may even think they’re the only outsourced option besides partnering with a tax preparer. With this being the norm for new or very small businesses, it’s important to review the common issues that these services have, as well as compare the issues to those of other accounting solutions.

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Bookkeeping Services Bookkeeping Payroll Tax 52

Accounting Today

APRIL 8, 2024

The Internal Revenue Service clarified the treatment of money paid for energy-efficient property and improvements in Announcement 2024-19.

Tax 150

Tax 150

Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.

Accounts Payable

Nanonets

APRIL 8, 2024

ERP software, including Odoo ERP, is essential for business management because it unifies what would otherwise be siloed systems requiring duplicate manual data entry into a single database.  ERP software is designed with core accounting software and optional modules for business process functionality throughout your organization. With an ERP system, role-authorized team members and management can view the same data with real-time dashboards.

QuickBooks 52

QuickBooks AP General Ledger Invoicing 52

Economize

APRIL 8, 2024

What is Amazon Aurora? Amazon Aurora is a fully managed relational database engine built on AWS cloud. It is compatible with both MySQL and PostgreSQL services. AWS lets you choose the preferred database engine and integrate it with the familiar Amazon RDS environment.

Computation 52

Computation 52

Nanonets

APRIL 8, 2024

As everyday tools and services become increasingly subscription-based, so too does our overall automation strategy when it comes to business management. But, just as keeping a subscription on automatic renewal without oversight can be a costly mistake, so too can mismanaging recurring ACH transactions. QuickBooks, one of the most popular accounting and bookkeeping platforms on the market, offers a fairly straightforward method of managing recurring ACH payments to help ensure no surprises come d

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QuickBooks Deposits Payroll Billing 52

Earmark Accounting Podcast

APRIL 8, 2024

Audit is at a crossroads. Commoditization and compliance mentalities have diminished its value. Now, auditors face an existential crisis. How can assurance stay relevant? Join Alan Anderson and Blake Oliver as they tackle pressing questions on audit's failure to innovate and chart a new direction focused on value-added assurance. You’ll get a dynamic diagnosis of threats plus practical ideas to transform the profession before external forces make change urgent.

Auditing 45

Auditing CPA 45

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It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

Accounting

Accounting Tools

APRIL 8, 2024

What is an Indirect Liability? An indirect liability is a potential obligation that may arise under certain circumstances. It exists when the entity is a secondary obligor on a liability , where another party is the primary obligor. The entity will only be liable if the primary obligor fails in its payment obligation. A secondary liability can also exist when an event may occur in the future that will trigger an obligation, such as an unfavorable outcome to a lawsuit.

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Auditing Accounting Accounting 40

Insightful Accountant

APRIL 8, 2024

Amid COVID-19, US relief programs like PPP and unemployment aid were exploited by fraudsters, resulting in $80B stolen from PPP and $90-400B from unemployment relief. This fraud may rival $579B for Biden's infrastructure plan.

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Accounting Tools

APRIL 8, 2024

What is the Imprest Amount? The imprest amount is the fixed amount of cash that is presumed to be located in a petty cash box. For example, the initial funding of a petty cash box is $300, and this amount is recorded in the corresponding general ledger account for petty cash. This amount does not change in the general ledger, even though the amount of cash in the petty cash box will gradually decline as it is paid out and replaced with receipts.

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Petty cash General Ledger Bookkeeping Auditing 40

Accounting Today

APRIL 8, 2024

The PCAOB found multiple deficiencies in every audit it reviewed from BF Borgers over the past two annual checks.

Auditing 318

Auditing Accounting Accounting 318

Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.

Payroll

Accounting Tools

APRIL 8, 2024

What is an Avoidable Cost? An avoidable cost is a cost that can be eliminated by not engaging in or no longer performing an activity. In general, a variable cost is considered to be an avoidable cost, while a fixed cost is not considered to be an avoidable cost. In the very short term, many costs are considered to be fixed and therefore unavoidable.

Financial Analysis 40

Financial Analysis Cost Accounting Accounting Accounting 40

Accounting Tools

APRIL 8, 2024

What is Continuous Budgeting? Continuous budgeting is the process of continually adding one more month to the end of a multi-period budget as each month goes by. The continuous budgeting concept is usually applied to a twelve-month budget, so there is always a full-year budget in place. If a company elects to use continuous budgeting for a smaller time period, such as three months, its ability to create a high-quality budget is greatly enhanced.

Budgeting 40

Budgeting 40

Accounting Tools

APRIL 8, 2024

What are Issued Shares? Issued shares are those shares that have been distributed to shareholders by a corporation. These shares are issued either as compensation paid to employees or suppliers , or to investors in exchange for cash. Presentation of Issued Shares The number of issued shares is reported in the financial statements of the issuing entity, usually on the balance sheet. is Treasury Stock Included in Issued Shares?

Financial Statements 40

Financial Statements 40

Accounting Tools

APRIL 8, 2024

What is Cost Plus Pricing? Cost plus pricing involves adding a markup to the cost of goods and services to arrive at a selling price. Under this approach, you add together the direct material cost , direct labor cost , and overhead costs for a product, and add to it a markup percentage in order to derive the price of the product. Cost plus pricing can also be used within a customer contract, where the customer reimburses the seller for all costs incurred and also pays a negotiated profit in addi

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40

Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

Accounting Tools

APRIL 8, 2024

What is an Impaired Asset? An impaired asset is one that has a book value less than its market value. Fixed assets and goodwill are the assets most commonly experiencing impairment write downs. Impairment testing is to be conducted at regular intervals, so a business could experience a series of impairment charges against a single asset. Accounting for an Impaired Asset When an asset is impaired, you should reduce the book value of the asset to its market value, which creates a loss in the amoun

Accounting 40

Accounting Accounting 40

Accounting Tools

APRIL 8, 2024

What are Control Limits? Control limits are the horizontal lines in a control chart that delineate the upper and lower limits of the acceptable range of results for a process. When plotted data exceeds a control limit, it indicates that a process is out of control, and requires management attention. Control limits are set at three standard deviations on either side of the mean.

Accounting 40

Accounting Accounting 40

Accounting Tools

APRIL 8, 2024

What is Target Pricing? Target pricing is the process of estimating a competitive price in the marketplace and applying a firm's standard profit margin to that price in order to arrive at the maximum cost that a new product can have. A design team then tries to create a product with the requisite features within the pre-set cost constraint. If the team cannot complete the product within the cost constraint, the project is terminated.

Cost Accounting 40

Cost Accounting Accounting Accounting 40

Accounting Tools

APRIL 8, 2024

Controls over accounts receivable really begin with the initial creation of a customer invoice , since you must minimize several issues during the creation of accounts receivable before you can have a comprehensive set of controls over this key asset. Controls then span the proper maintenance of accounts receivable, and their elimination through either payments from customers or the generation of credit memos.

Accounts Receivable 40

Accounts Receivable Accounts Receivable Account Receivables Accounting 40

Speaker: Debra L. Robinson

CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.

CPA