Thu.Nov 09, 2023

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IRS adjusts tax items for inflation in 2024

Accounting Today

The service announced its annual inflation adjustments, including increases in the standard deduction and changes in tax brackets.

Tax 336
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Closing the gap for women in tech: why mentorship matters

Intuit

Women and other underrepresented groups in tech have a lot of ground to make up. As of 2023 , only 29% of technologists and 25.5% of senior-level personnel identified as women or non-binary. A peek inside AnitaB.org ’s TechEES report shows only 63.5% of all women and non-binary technologists report a sense of belonging at work, with Black respondents reporting a particularly low sense of belonging.

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Tax Fraud Blotter: Urgent matters

Accounting Today

Wire happy; defense rests; re-model behavior; and other highlights of recent tax cases.

Tax 299
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What you can expect at Xero Asia Roadshow 2023

Xero

With a week to go ’til Xero Asia Roadshow, we are buzzing with everything we have lined up for our accounting and bookkeeping community. Exploring the agenda This year we’re exploring how we can work Smarter, Faster, Stronger, Together to support small businesses across Asia; your clients, who themselves strive to do this every day, and depend on their accountants and bookkeepers to help get them there.

XERO 237
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Fall In Love With the Month-End Close

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.

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Intuit rolls out bevy of new features for next tax season

Accounting Today

Accounting software giant Intuit announced a cavalcade of new features set for use in the upcoming tax season.

Tax 296
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Tipalti PO Management Made Easy

Accounting Department

By implementing Tipalti's innovative software, businesses can revolutionize their purchase order (PO) process, effortlessly streamlining and automating their operations. Gone are the days of tedious manual purchasing workflows, as Tipalti empowers companies to achieve unparalleled efficiency and accuracy. With its user-friendly interface and cutting-edge technology, Tipalti ensures that every step of the purchasing process is seamless and error-free.

More Trending

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What you can expect at Xero Asia Roadshow 2023

Xero

With a week to go ’til Xero Asia Roadshow, we are buzzing with everything we have lined up for our accounting and bookkeeping community. Exploring the agenda This year we’re exploring how we can work Smarter, Faster, Stronger, Together to support small businesses across Asia; your clients, who themselves strive to do this every day, and depend on their accountants and bookkeepers to help get them there.

XERO 130
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CLA hosts high school students to expose them to accounting

Accounting Today

CliftonLarsonAllen welcomed a group of Future Business Leaders of America to its New York offices to tell them about accounting, consulting and other careers.

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Results Software Reacquired By Original Ownership

Insightful Accountant

Now that Results Software has been reacquired by its original ownership it's poised to deliver innovative and revamped products to existing and future clients.

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Plante Moran elects new managing partner

Accounting Today

The Top 20 Firm based in Southfield, Michigan, has elected Jason Drake as the eighth managing partner in its 100-year history.

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Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

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.

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Observing Veterans Day

Insightful Accountant

On this special day, we here are Insightful Accountant want to say to All Our Veterans, “Thank YOU for YOUR Service!

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Apple risks $14B tax bill in setback at top EU court

Accounting Today

The iPhone maker risks having to pay billions to Ireland after an advisor to the European Union's top court said its victory in an earlier challenge should be thrown out.

Billing 173
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Long-term assets definition

Accounting Tools

What are Long-Term Assets? Long-term assets are assets that are not expected to be consumed or converted into cash within one year. These assets are typically recorded at their purchase costs, which are subsequently adjusted downward by depreciation , amortization , and impairment charges. Thus, unless these assets are replaced, the amount reported by a business tends to decline over time.

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M&A roundup: Sikich and HBK expand

Accounting Today

Sikich acquires Thornhill Financial; and HBK CPAs & Consultants merges in Zapken & Loeb.

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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

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.

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File-Based Integration vs. API: The Difference for AP Teams

MineralTree

The modern digital landscape requires businesses to efficiently and securely exchange data between software systems. This is especially important for accounts payable (AP) teams, where timely and accurate data flow is essential. The two primary methods for achieving data exchange are file-based integrations and application programming interface (API) integrations.

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What is order entry automation, and how to implement it?

Nanonets

What comes to mind when you hear "order entry automation"? A bunch of robots whirring away in a warehouse, entering data into databases? While that's pretty close to what order entry automation is, there are a few nuances to consider. Imagine you run a small kitchenware business, and most of your sales orders come from retail stores nationwide.

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Understanding Payment Terms: Safeguard Your Business

Invoicera

No business wants to wait longer than average to get paid for their invoices. We understand late payments are most annoying for any business. Not only this, it can also affect your cash flow, eventually disturbing your financial planning for the future. SMEs are estimated to spend 4 hours per week on the task of chasing late payments. So, what’s the reason behind getting paid late?

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What are EC2-Other costs in Cost Explorer? Pricing Breakdown

Economize

For anyone using AWS, getting to grips with your monthly bill can feel like a puzzle, especially when you hit the ‘EC2-Other’ costs section. It’s a confusing category, where costs are decided by lumping together a bunch of different services that support your main EC2 instances. What exactly falls under this category?

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Cash Flow Secrets Every Upskilled CPA Should Know

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.

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The Unbeatable Value of the Human Touch in a Digital Healthcare World

SSI Healthcare Rev Cycle Solutions

The Unbeatable Value of the Human Touch in a Digital Healthcare World Home / November 8, 2023 Author: Christy Wright, Chief Marketing Officer at SSI In today’s rapidly digitizing healthcare landscape, technology is ubiquitous. From telehealth to advanced robotic surgeries, from AI-driven diagnostics to automated administrative tools, we’re in the midst of a technological renaissance.

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Scaling Client Accounting Services (CAS) w/ Deneen Dias

Jetpack Workflow

Podcast Summary In this episode of Growing Your Firm, host David Cristello interviews Deneen Dias, Vice President of Growth and Strategic Partnerships at Botkeeper. Daneen shares her expertise in helping top firms undergo digital transformation and discusses the world of CAS (Client Accounting Services). She also delves into the definition of CAS , where to start, and how to successfully implement and scale up CAS.

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The Unbeatable Value of the Human Touch in a Digital Healthcare World

SSI Healthcare Rev Cycle Solutions

The Unbeatable Value of the Human Touch in a Digital Healthcare World Home / November 8, 2023 Author: Christy Wright, Chief Marketing Officer at SSI In today’s rapidly digitizing healthcare landscape, technology is ubiquitous. From telehealth to advanced robotic surgeries, from AI-driven diagnostics to automated administrative tools, we’re in the midst of a technological renaissance.

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Understanding Payment Terms: Safeguard Your Business

Invoicera

No business wants to wait longer than average to get paid for their invoices. We understand late payments are most annoying for any business. Not only this, it can also affect your cash flow, eventually disturbing your financial planning for the future. SMEs are estimated to spend 4 hours per week on the task of chasing late payments. So, what’s the reason behind getting paid late?

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Profit in the Details: Rethinking Spend for Monumental Impact

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

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2023 Tipalti Report: Understanding Creative Challenges to Unlock a Superior Brand-Creator Relationship

Tipalti

Tipalti's 2023 Brand-Creator report shows that the creator economy is booming and increasingly prioritizing fair compensation, values alignment, and creative freedom.

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Option definition

Accounting Tools

What is an Option? An option is a financial instrument that gives its holder the right, but not the obligation, to buy or sell something at a predefined price within a designated date range. If the holder chooses not to exercise the instrument by the end of the designated date range, it expires. The two types of options are call options and put options , which are described below.

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Other comprehensive basis of accounting

Accounting Tools

Related Courses GAAP Guidebook International Accounting What is the Other Comprehensive Basis of Accounting? An other comprehensive basis of accounting (OCBOA) is a non- GAAP accounting framework that is used to generate financial statements. Examples of OCBOA are the cash basis of accounting , the modified cash basis of accounting , and the income tax basis of accounting.

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Lend definition

Accounting Tools

Related Courses Corporate Finance Treasurer's Guidebook What is Lend? To lend is the act of giving an asset to a third party, under the expectation that the asset will be returned at a later date. In business, the concept most commonly applies to the transfer of funds to a borrower , under an agreement that the borrower will pay interest for the use of the funds.

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Navigating Bleisure Travel: A Guide for Mid-Sized Companies

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.

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Ledger cash definition

Accounting Tools

Related Courses Bookkeeping Guidebook Corporate Cash Management How to Audit Cash Optimal Accounting for Cash What is Ledger Cash? Ledger cash is the net amount of cash when all of an organization's cash accounts have been combined. This is the amount that appears in the cash line item in a firm's balance sheet. Depending on the size of a business, the ledger cash balance may be compiled from a large number of cash accounts, possibly denominated in several currencies.

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Constant dollar accounting

Accounting Tools

Related Courses GAAP Guidebook International Accounting What is Constant Dollar Accounting? Constant dollar accounting is a method for restating financial statements for the effects of inflation. Doing so achieves greater comparability between the financial statements associated with different accounting periods. The adjustment is usually made using the consumer price index.

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Letter of credit definition

Accounting Tools

Related Courses Corporate Cash Management Corporate Finance Treasurer's Guidebook What is a Letter of Credit? A letter of credit is a financing agreement most commonly used for trade arrangements where goods are crossing international borders. The letter is intended to facilitate the transfer of funds between the buyer and the seller. Under this agreement, the bank of the importer (the "issuing bank") authorizes a letter of credit document under which the bank of the exporter will be paid a cert

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Lease definition

Accounting Tools

Related Courses Accounting for Leases What is a Lease? A lease is an arrangement under which a lessor agrees to allow a lessee to control the use of identified property, plant, and equipment for a stated period of time in exchange for one or more payments. A lease arrangement is quite a useful opportunity, for several reasons. First, the lessee reduces its exposure to asset ownership.

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Unlock The Blueprint: How To Construct A Better Payment Workflow

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.