Wed.Jun 19, 2024

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The 20 best states to be poor

Accounting Today

Residents with low income in these 20 states pay a smaller percentage of their income in tax.

Tax 340
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We’re answering your questions about new invoicing

Xero

Earlier this year we communicated that we’ll be retiring the older version of our invoicing product – classic invoicing – on 2 September 2024. You may have questions about this change, so we thought we’d answer a few of the most common ones people have been asking. Does new invoicing support repeating invoices? Yes, new invoicing supports repeating invoices.

Invoicing 278
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Balancing crypto's volatility with fair value accounting principles

Accounting Today

The unpredictable nature of digital assets stands out as both a defining characteristic and a significant challenge for investors and accounting professionals alike.

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[Expert Opinion] How to Attract Accounting Clients in 2024

Ace Cloud Hosting

In accounting world the key to success is attracting and retaining clients. Effective accounting marketing strategies can enhance visibility and build healthy client relationships, helping firms build long-term success in.

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Forecasting Failures Are Costly: Here's How To Fix Them

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

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Founder Files: Going deeper, not wider

Accounting Today

Patrick Camuso's firm, Camuso CPA, specializes in digital asset investors and Web3 companies.

CPA 301
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Scaling New Heights 2025 Announced

Insightful Accountant

The final day of Scaling New Heights has always brought with it the announcement of the following year's event, and this year was no different.

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The IRS’ New Use of AI

Insightful Accountant

The IRS is turning to AI to help select tax returns for audits, aiming to narrow the tax gap. A recent GAO report emphasizes the need for consistent and transparent use of this technology.

Auditing 105
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Thriving Amidst the Accounting Talent Crunch: Strategies for Employers and Job Seekers

accountingfly

“The accounting profession is not going to die. It’s not going to wither on the vine. There is lots of talent out there, and there are options and hope.” The accounting industry is facing a talent shortage, which is affecting both employers and job seekers. However, in a recent Accounting Talent Podcast discussing the reasons for the talent shortage , Jeff Phillips, the CEO of Padgett and Co-Founder of Accountingfly, sheds light on actionable insights to help both parties navigate this challenge

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The most asked questions about Cevinio Autonomous AP Invoice Processing 

Cevinio

Explore the benefits of Cevinio Autonomous AP Invoice Processing for your business. We answer the most asked questions about our AI-driven.

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Jun 19, Sample Financial Reports Using QuickBooks® | Bookkeeping Reports

Bookkeeping Essentials

Sample financial reports because sometimes a picture is better than words. for those who learn by seeing. These bookkeeping reports are a reference point for producing your own financial statements.

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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

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Fundraising expenses definition

Accounting Tools

What are Fundraising Expenses? Fundraising expenses is a classification of expenses used by a nonprofit entity. Expenses included in this classification are fundraising mailings, fundraising functions, and an allocation of the compensation of those employees engaged in these activities. The proportion of fundraising expenses to total expenses is frequently reviewed by contributors to determine the extent to which their contributions will go toward more fundraising, rather than the targeted goals

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Mastering KPIs for Strategic Decision-Making

Reconciled Solutions

Key performance indicators (KPIs) help you make strategic decisions in your business. Find out which KPIs are worth tracking on this episode. The post Mastering KPIs for Strategic Decision-Making appeared first on Reconciled Solutions.

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Spot Instance Advisor: Your Guide to Optimal Spot Workloads

Economize

Introduction to AWS Spot Instance Advisor When it comes to computing resources on AWS, there are three primary types of Elastic Compute Cloud (EC2) instances: On-Demand Instances, Reserved Instances (RIs), and Spot Instances. Each of these instances serves different purposes and fits various budget needs, offering unique advantages.

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The Partner Email Swap Marketing Tactic

Future Firm

Effective marketing doesn't always have to be complex. Discover a simple yet effective strategy overlooked by most firms. The post The Partner Email Swap Marketing Tactic appeared first on Future Firm.

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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.

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ChatGPT Beats Humans at Financial Statement Analysis

Blake Oliver

As accounting professionals, one of our core skills is analyzing financial statements to assess a company's performance and predict future earnings. It's difficult, time-consuming work. But that might be changing. Researchers at the University of Chicago found that a ChatGPT model, with some fine-tuning, could predict changes in company earnings with over 60% accuracy using only historical financial statements.

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6 Best Purchase Order Software in 2024

Nanonets

What is Purchase Order Software? Purchase orders are critical documents that signify the start of the purchase process by a business in order to acquire goods or services. In order to complete any particular purchasing process, the purchase order associated must be processed and closed. This process which needs to be completed to complete the purchase and close the PO is cumbersome.

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Biden budget proposal resurrects business tax rate debate

Accounting Today

This year's Greenbook proposals some greatest hits, including a higher corporate minimum tax.

Budgeting 247
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6 Best Procure-to-Pay Software Solutions in 2024

Nanonets

The advent of AI and automated workflows in recent years have paved the way for procure to pay software solutions - and these tools have completely streamlined the cumbersome processes associated with the procure to pay cycle. Businesses are increasingly aiming to streamline their P2P process with the aid of procure to pay software and stay ahead of the competition.

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How To Break Digital Transformation Barriers And Accelerate AI Adoption

Speaker: Anna Tiomina, MBA

AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?

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The Purchase Order Process - Are you doing it right?

Nanonets

The purchase order is an essential document of the purchase process for any business. Despite that, purchase orders and their processing often gets bogged down by delays, errors and manual inefficiencies. Perfecting the  purchase order  process is seen as time-taking and thus is often not prioritized by businesses. However, having an efficient purchase order process goes a long way in maintaining AP efficiency.

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Vendor reconciliation process in accounts payable

Nanonets

What is the Vendor Reconciliation Process in Accounts Payable Vendor reconciliation is a critical practice in accounts payable to ensure the completeness and accuracy of vendor payments. Before making payments to vendors, it's essential to check that the vendor bills the company the correct amount. Accounts payable teams must reconcile payments regularly to avoid double-processing them.