Accounting Today

SEPTEMBER 22, 2023

The service is developing a contingency plan that may involve cutbacks if Congress can't reach a deal.

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Tax 317

Economize

SEPTEMBER 22, 2023

Google Cloud has introduced their BigQuery Studio—a groundbreaking solution designed to be your one-stop-shop for data analytics and AI workflows. This centralized dashboard is an intelligent blend of Google Cloud’s trusted services like Dataproc, Dataflow, BigQuery, BigLake, and Vertex AI.

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Computation 59

Accounting Today

SEPTEMBER 22, 2023

The board released an annual update of its ethics code to reflect the latest changes in auditing and quality management standards.

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Accounting Accounting Auditing 317

Nanonets

SEPTEMBER 22, 2023

E-tendering  is a powerful solution that can transform your business by streamlining  procurement  processes and  driving efficiency. In today's fast-paced and dynamic business environment, the use of technology, such as e- procurement  systems, has revolutionized  procurement  practices. By automating tasks and improving accuracy,  e-tendering  unlocks new levels of efficiency and cost savings.

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Data Entry Accounts Payable Accounts Payable Collections 52

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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 Today

SEPTEMBER 22, 2023

There will always be both business owners and individuals who drag their feet on different elements of their financial planning.

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Nanonets

SEPTEMBER 22, 2023

In today's competitive business landscape, optimizing operations and effectively managing relationships with external vendors are key priorities for any organization.  Vendor management solutions  play a crucial role in achieving these objectives by streamlining processes and ensuring seamless collaboration with third-party vendors. Vendor management solutions  offer a range of benefits, including centralized documentation, access control, performance tracking, and  comp

Vendor Management 52

Vendor Management Invoicing Purchase Order Computation 52

Nanonets

SEPTEMBER 22, 2023

Sales orders and invoices are essential documents in business transactions, but they serve different purposes and play distinct roles in the sales process. A  sales order  is filled out by the customer to initiate a sale, specifying the goods or services they wish to purchase. On the other hand, an  invoice  is sent by the business to request payment from the customer after the products or services have been delivered.

Invoicing 52

Invoicing Deposits Record Keeping Financial Records 52

Accounting Today

SEPTEMBER 22, 2023

NFPs may not be like the NFL, but they can borrow a page from the playbook to tackle operational and bookkeeping hurdles and score the ultimate touchdown: accomplishing their mission.

Bookkeeping 306

Bookkeeping Accounting Accounting 306

Nanonets

SEPTEMBER 22, 2023

Accounts payable  and  accounts receivable  play a crucial role in a company's financial health and should be managed effectively for optimal  cash flow  and accurate  balance sheet  reporting.  Accounts payable  (AP) refers to the money a company owes to vendors and suppliers for goods or services purchased on credit.

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Accounts Payable Accounts Payable General Ledger Accounts Receivable 52

Accounting Today

SEPTEMBER 22, 2023

If clients don't know what their future selves look like, they can't finish the planning process. That's where you (and behavioral finance) come in.

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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

Nanonets

SEPTEMBER 22, 2023

Accounts receivable  is a crucial aspect of financial management for businesses, and understanding how to effectively manage it is essential for maintaining a healthy cash flow and business growth.  Accounts receivable  (AR) refers to the money that a company will receive from customers for purchasing products or services on credit. It is considered an asset on a company's balance sheet.

Accounts Receivable 52

Accounts Receivable Account Receivables Accounts Receivable Accounts Payable 52

Accounting Today

SEPTEMBER 22, 2023

LBMC and Wilkin & Guttenplan both announce next managing partners; CohnReznick names cannabis industry practice leader; and more news from around the profession.

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Nanonets

SEPTEMBER 22, 2023

Efficient  vendor onboarding  is essential for streamlining your business and maximizing productivity. The process of integrating new vendors into your organization's  procurement system  can be time-consuming and prone to errors. That is why many organizations are now turning to  software solutions  to streamline the onboarding process.

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Data Entry Vendor Management Collections Accounts Payable 52

Accounting Today

SEPTEMBER 22, 2023

Plus, Docyt unveils Docyt AI for real time accounting, and other accounting technology news.

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Auditing Accounting Accounting 182

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.

Nanonets

SEPTEMBER 22, 2023

Welcome to "Unleashing  Efficiency : The Ultimate Guide to  Source to Pay ," your comprehensive resource for streamlining  procurement  and achieving better  control  in your business. In today's fast-paced and ever-evolving business landscape, organizations must adapt and optimize their  procurement  processes to stay competitive.

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Financial Operations Financial Operations Purchase Order Data Entry 52

Accounting Today

SEPTEMBER 22, 2023

Hermann Goering has nothing to teach us about building a culture in your practice.

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Nanonets

SEPTEMBER 22, 2023

Accounts payable software for small business  can significantly enhance financial workflow and improve overall efficiency. This powerful tool automates and streamlines the accounts payable processes, helping businesses manage invoices, vendor payments, and maintain accurate financial records. By eliminating errors and delays through automation, the software ensures timely transactions and reduces manual workload.

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Accounts Payable Accounts Payable Invoice Processing Financial Records 52

Azure FinOps

SEPTEMBER 22, 2023

Once upon a time, not that long ago, everyone who’d spent time wrestling with Microsoft licensing looked to, at first, Office 365 (as it was known before rebranding) and later, Azure, as a source of relief. “Relief” might be too strong; certainly, simplification. To focus on Azure, the subject of this blog, there was an expectation that using FinOps methods, for example, making architectural choices based in part on runtime cost impacts would be sufficient to achieve observability of cost genera

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FinOps FinOps Billing 52

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

Accounting Fun

SEPTEMBER 22, 2023

He counted every penny, with precision and with care, In columns and in ledgers, he kept the numbers fair. His spreadsheets were a marvel, each figure in its place, With formulas like poetry, in this his special space. Sadly his life was little more than balance sheets and sums, No tales of grand adventures, no travel to far-off lands. He left behind a legacy of numbers neat and wide, For though he never truly lived, his ledger never lied.

Accounting 49

Accounting Accounting 49

Nanonets

SEPTEMBER 22, 2023

Accounts payable reports  are an essential tool for businesses of all sizes, providing valuable insights into financial management and helping to optimize business operations. These reports track and report business expenses, ensuring accurate financial records and allowing businesses to make informed decisions. Whether it's paying invoices on time, preparing for tax season, or maintaining good relationships with suppliers, mastering  accounts payable reports  is crucial for

Accounts Payable 40

Accounts Payable Accounts Payable Accounting Accounting 40

Accounting Tools

SEPTEMBER 22, 2023

Related Courses How to Audit Payroll Optimal Accounting for Payroll Payroll Management A benefits accrual occurs when a benefit-related expense is recognized despite the absence of a supplier invoice. By doing so, a business is properly recognizing this expense in the period in which it is incurred, rather than the period in which the related supplier invoice is paid.

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Accruals Accounting Accounting Payroll 40

Nanonets

SEPTEMBER 22, 2023

Running a business involves various processes, and one crucial aspect is understanding the order to cash (OTC) process. The  OTC process  encompasses a series of steps, starting from when a customer makes a purchase to when the business receives and clears cash for that purchase. It includes  order management ,  credit management ,  order fulfillment , invoicing, accounts receivable, payment collection, and  data management.

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Revenue Cycle Management Revenue Cycle Collections Invoicing 40

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

Accounting Tools

SEPTEMBER 22, 2023

Related Courses Bookkeeping Guidebook Human Resources Guidebook Payroll Management Accounting for a Bonus Accrual A bonus expense should be accrued whenever there is an expectation that the financial or operational performance of a company at least equals the performance levels required in any active bonus plans. The decision to accrue a bonus calls for considerable judgment, for the entire period of performance may encompass many future months, during which time a person may not continue to ach

Accruals 40

Accruals Payroll Tax Bookkeeping 40

Nanonets

SEPTEMBER 22, 2023

An  accounts payable department  is an integral part of any organization, responsible for managing and processing all outgoing payments to suppliers and vendors. An inefficient  accounts payable process  can result in lost opportunities, damaged vendor relationships, and cash flow issues. On the other hand, an efficient  accounts payable process  can significantly improve your business's efficiency and  profitability.

Accounts Payable 40

Accounts Payable Accounts Payable Accounts Payable Clerk Accounts Payable Specialist 40

Accounting Tools

SEPTEMBER 22, 2023

Related Courses How to Audit Payroll Optimal Accounting for Payroll Payroll Management What is a Wage Accrual? It is quite common to have some amount of unpaid wages at the end of an accounting period , so you should accrue this expense (if it is material). The accrual entry shown below is a simple one, because you typically clump all payroll taxes into a single expense account and offsetting liability account.

Accruals 40

Accruals Payroll Auditing Tax 40

Nanonets

SEPTEMBER 22, 2023

Robotic process automation (RPA) is a game-changer for the accounting industry, offering significant improvements in efficiency and productivity. By automating repetitive tasks, RPA allows organizations to reduce human errors and free up employees for more impactful work. In the realm of accounting, RPA has proven to be a powerful tool for enhancing speed and accuracy, streamlining processes, and revolutionizing the way financial tasks are handled.

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Data Entry Customer Service Accounting Accounting 40

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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.

Accounting Tools

SEPTEMBER 22, 2023

Related Courses Bankruptcy Tax Guide Essentials of Corporate Bankruptcy What are First Day Motions? When a debtor files for Chapter 11 bankruptcy protection, its attorney typically files first day motions. As the name implies, these motions are initiated as soon as possible. The motions are requests to the court to pay certain creditors , so that the organization can continue to operate.

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Tax 40

Nanonets

SEPTEMBER 22, 2023

Managing your  vendor invoices  effectively is crucial for efficient  payment processing  and  budget management. To ensure smooth processing, it is essential to understand the  key details  that should be looked for on an invoice. The  key details  on a  vendor invoice  include: Vendor contact information : This is necessary for sending  payment  to the right recipient.

Invoicing 40

Invoicing Purchase Order Data Entry Invoice Processing 40

Accounting Tools

SEPTEMBER 22, 2023

Related Courses Accountants' Guidebook Bookkeeping Guidebook New Controller Guidebook What are Dividends? A dividend is generally considered to be a cash payment issued to the holders of company stock. However, there are several types of dividends, some of which do not involve the payment of cash to shareholders. These dividend types are noted below.

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Accruals Financial Statements Bookkeeping Accounting 40

Nanonets

SEPTEMBER 22, 2023

The  accounts receivable cycle  plays a crucial role in the financial health of businesses, enabling them to streamline operations, optimize cash flow, and ultimately get paid faster. Accounts receivable refers to the amount of money owed to a company for goods or services already provided on credit. It is important to collect accounts receivable as soon as possible to avoid tying up working capital and facing longer business cycles.

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Accounts Receivable Account Receivables Accounts Receivable AR 40

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.

Invoicing