Wed.Mar 06, 2024

article thumbnail

The rise of the billion-dollar firms

Accounting Today

Watch the explosion in the number of CPA firms bringing in over $1 billion in revenue that has occurred in the 21st century.

CPA 344
article thumbnail

Job Costing in QuickBooks Online for Small Businesses

Accounting Department

Job costing is a vital tool in the small business owner's kit, especially for those operating in the service industry, construction, and manufacturing.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

SEC approves watered down climate disclosure rule

Accounting Today

A divided Securities and Exchange Commission voted to approve a new rule that would require companies to provide climate-related disclosures to investors, but scaled back the original proposal to exclude disclosure of so-called Scope 3 emissions from their supply chains, and exempt many smaller companies.

article thumbnail

IRS to Ramp Up Audits

Insightful Accountant

Last week our calendars all marked a unique day that only comes about once every four years. Leap Day, February 29th, this day intends to sync the calendar with the solar year. It still has its affects tax planning, so discuss with clients.

Auditing 105
article thumbnail

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 With construction projects becoming more complex, outdated processes are no longer sustainable.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.

article thumbnail

New regs for manufacturing investment, clean energy credits

Accounting Today

The IRS has released two new sets of regs and guidance on different credits.

Tax 306
article thumbnail

The specter of 'Uberification' looms over audit

Blake Oliver

Short-term thinking by auditors may surrender strategic high ground to outside challengers.

More Trending

article thumbnail

Weighing The Risks and Rewards Of Surge Pricing Tax Returns

Cloud Accounting Podcast

Fast food chain Wendy's considers demand pricing – should your firm, too? We discuss the potential for surge pricing tax returns to smooth workload and raise revenue. We also dive into new AI-powered accounting productivity tools from Sage and Xero, Zoho's $5 per user practice management suite, and analyze the results of our listener survey. Sponsors LiveFlow - [link] Zoho - [link] Client Hub - [link] Chapters (06:40) - What can accountants learn and try in pricing?

XERO 65
article thumbnail

FASB guidance on digital assets encourages crypto adoption

Accounting Today

Experts believe this guidance will spur more institutions to embrace digital assets, as the rules for proper accounting are more clear-cut.

article thumbnail

Microsoft 365 Business Vs. Microsoft 365 Enterprise: Which One Is Better? 

Ace Cloud Hosting

Migrating to the cloud with Microsoft Office 365 can be a big step toward success for companies. Hence, choosing the appropriate and relevant plan according to the business requirements is.

59
article thumbnail

SEC scales back new pollution-disclosure rules

Accounting Today

The Securities and Exchange Commission will force companies to disclose their greenhouse gas emissions for the first time, but watered down a key requirement.

article thumbnail

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.

article thumbnail

Cohere Achieves AWS Generative AI Competency

Insightful Accountant

Cohere, a leading enterprise AI startup has achieved Amazon Web Services (AWS) Generative AI Competency.

52
article thumbnail

New Dext GM plans North American expansion

Accounting Today

Rachel Fisch, recently named the general manager for Dext in North America, said the company plans to expand its footprint in this market.

189
189
article thumbnail

Productized Services: What, Why & How

Future Firm

Systematizing your firm can scale your business. In this episode, we'll discuss productized services and how to get started. The post Productized Services: What, Why & How appeared first on Future Firm.

article thumbnail

Grand jury probes Ex-Credit Suisse customers over taxes

Accounting Today

The customers include a Brazilian businessman whose Florida residence was raided by the IRS and a Colombian family featured in a Senate report about the bank's role in tax evasion schemes.

Tax 182
article thumbnail

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!

article thumbnail

How do you prepare for minimum wage increases coming 1st April 2024?

Ontrack Bookkeeping

As a business owner or manager, you need to be ready for the minimum wage rates increase from 1 April 2024. The details of the increase are: Adult minimum wage will go up from $22.70 to $23.15 per hour. Starting-out and training minimum wage will go up from $18.16 to $18.52 per hour. All rates are before tax and any lawful deductions, for example, PAYE tax, student loan repayment, child support.

Payroll 52
article thumbnail

Private sector added 140K jobs in February

Accounting Today

The service-providing sector added 110,000 jobs for the month, including 5,000 in professional and business services such as accounting and tax preparation.

Tax 182
article thumbnail

Unlocking the Language of Accounting: Understanding Common Terms

SMB Accounting and Consulting

Accounting operates within its own language, a system of terms and conventions that serve as the backbone of financial communication and analysis. Understanding this unique language is essential for interpreting financial data, making informed decisions, and effectively navigating the intricate world of business finance. Cash vs. Accrual Accounting Cash accounting records transactions only when cash changes hands, providing a real-time view of cash flow.

article thumbnail

A third of enterprise software projects hit time, cost overruns

Accounting Today

A recent report found that while most enterprise software projects are finished on time and on budget, over a third experience overruns in both money and time.

Budgeting 140
article thumbnail

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

article thumbnail

Top Financial Management Tools: Navigating Cash Flow And Receivables

Invoicera

Summary Elevate your business success by mastering financial management. This blog offers an all-encompassing guide to: The critical role of financial handling Selecting the best tools, like Invoicera and Zoho, for the job A deep dive into what makes these tools indispensable Bonus tips for making intelligent financial decisions Dive in for a concise journey to financial prowess.

article thumbnail

Ways to Get a High Business Credit Score in Singapore

Counto

Ways to Get a High Business Credit Score in Singapore Similar to personal credit scores, business credit scores provide a snapshot of your company’s creditworthiness and financial health. These scores, typically ranging from 0 to 100, are crucial factors considered by lenders, suppliers, and partners when assessing your business. The majority of small businesses require a minimum score of 75 to access credit with favourable interest rates.

Payroll 52
article thumbnail

Setup cost definition

Accounting Tools

What is Setup Cost? Setup cost is those costs incurred to configure a machine for a production run. This cost is considered a fixed cost of the associated batch, so its cost is spread over the number of units produced. Setup costs include the following: The labor to position tools and materials next to a machine The labor required to configure a machine The labor required to train employees on how to process the new production run The scrap cost of test units run on a machine The cost of the qua

article thumbnail

Member Spotlight: Gain a Competitive Edge

NACM

B2B credit is fiercely competitive, particularly in sectors where credit is crucial for transactions. This is why credit professionals should continuously master their skills and broaden their knowledge in credit management. The Certified International Credit Professional (CICP) designation for example, earned through NACM's six-level Professional.

5
article thumbnail

Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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.

article thumbnail

Single currency center model definition

Accounting Tools

What is a Single Currency Center Model? A cash pool is a cluster of subsidiary bank accounts and a concentration account into which funds flow from the subsidiary accounts. A company may elect to pool cash within the home country of each currency (e.g., U.S. dollars are pooled in the United States), which is called the single currency center model. This is one of the more efficient methods used by larger organizations to manage their cash flows.

article thumbnail

Share definition

Accounting Tools

What is a Share in Finance? A share is one unit of ownership interest in a corporation. A share entitles its owner to a portion of the dividends and residual value of the issuing entity. A shareholder is also entitled to vote on certain issues at periodic shareholder meetings. Share ownership can be evidenced by a stock certificate , but can also be an electronic record.