Accounting Today

JANUARY 26, 2024

The Internal Revenue Service and tax professionals are preparing for the start of tax season Monday, hoping for a smooth filing season like last year, although last-minute tax law changes are possible thanks to a deal working its way through Congress to revive tax breaks like a more generous Child Tax Credit.

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Tax 338

Accounting Department

JANUARY 26, 2024

We are thrilled to announce that Episode 11 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

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Accounting Accounting 224

Accounting Today

JANUARY 26, 2024

The Public Company Accounting Oversight Board also permanently barred a sole practitioner in New York.

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Auditing Accounting Accounting 312

Intuit

JANUARY 26, 2024

A recent study by Intuit Credit Karma found that Gen Z and millennials are breaking up with their partners over money. At the same time, more than a third of Gen Z and millennials think it’s okay to leave talking about finances until they’ve reached a major milestone in their relationship (like moving in together or getting engaged). The Link Between Finances and Relationships When it comes to relationships, money matters.

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Billing QuickBooks 130

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Accounting Today

JANUARY 26, 2024

Plus, Prismatic launches multi-entity business solution with blockchain-like technology; and other accounting technology updates.

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Accounting Accounting Invoicing 244

Intuit

JANUARY 26, 2024

A recent study by Intuit Credit Karma found that Gen Z and millennials are breaking up with their partners over money. At the same time, more than a third of Gen Z and millennials think it’s okay to leave talking about finances until they’ve reached a major milestone in their relationship (like moving in together or getting engaged). The Link Between Finances and Relationships When it comes to relationships, money matters.

Billing 26

Billing 26

Accounting Tools

JANUARY 26, 2024

What is the Matching Principle? The matching principle requires that revenues and any related expenses be recognized together in the same reporting period. Thus, if there is a cause-and-effect relationship between revenue and certain expenses, then record them at the same time. In some cases, it will be necessary to conduct a systematic allocation of a cost across multiple reporting periods, such as when the purchase cost of a fixed asset is depreciated over several years.

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Accruals Bookkeeping Financial Statements Invoicing 75

Accounting Today

JANUARY 26, 2024

A recently introduced bill would, if passed, require the IRS to add scannable bar codes to electronically prepared paper returns, to encourage process efficiency.

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Billing Tax 157

Earmark Accounting Podcast

JANUARY 26, 2024

Blake chats with Brandt Kucharski, former chief accounting officer at GrubHub and current CAO at Ethos Life, about his career journey from public accounting to leading startups through IPOs. They discuss Brandt's pivotal role in taking GrubHub public as one of the first "unicorn" startups, the process of scaling accounting teams and controls, nonprofit work with the Holiday Heroes Foundation, and thoughts on increasing accounting talent amid growing complexity.

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Accounting Accounting CPA 59

Accounting Today

JANUARY 26, 2024

As nonprofits work to combat the accounting and staff shortage, finding ways to increase efficiency is a top focus.

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Accounting Accounting Accounting Software 154

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

NextProcess

JANUARY 26, 2024

When discussing how to manage spend in the procure-to-pay process, we often think of spend management as involving budgeting, procurement, accounts payable, and payment. But there’s another key department involved in spend management: travel and expense (T&E). Much like procurement, T&E involves employees making business purchases that the company is going to pay for.

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Expense Reports Purchase Order Accounts Payable Accounts Payable 52

Insightful Accountant

JANUARY 26, 2024

Beyond bookkeeping, Reconciled's success story is a testament to its transformative journey into comprehensive advisory services, driven by the strategic integration of Clockwork AI.

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Reconciling Bookkeeping 52

Accounting Fun

JANUARY 26, 2024

Do it while wearing your favourite fancy dress. Every time you claim a deduction, do a victory dance. Add happy or sad emojis wherever you can on the tax returns Invent a new tax category for "unavoidable chocolate expenses." Write a tax-themed haiku for each page you fill out. Do it naked In "For Office Use Only" area write "Approved. Send refund immediately.

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Tax 49

Insightful Accountant

JANUARY 26, 2024

HubSync Launches New Research and Development Tax Credit Product

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CPA Tax 52

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

Accounting Tools

JANUARY 26, 2024

What is a Daybook in Accounting? A daybook is a book of original entry in which an accountant records transactions by date, as they occur. These transactions are recorded in chronological order, where each one is recorded in the order in which it occurred. This results in a set of records that start at the beginning of a reporting period, and progress to the end of the reporting period.

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Financial Statements Bookkeeping Accounting Accounting 40

Insightful Accountant

JANUARY 26, 2024

The Internal Revenue Service will hold a free webinar, designed primarily for tax professionals whose clients were affected by the delayed notices during the COVID pandemic.

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Collections Tax 52

Accounting Tools

JANUARY 26, 2024

What is a Debt Restructuring? A debt restructuring is a process by which a firm unable to pay its debts in a timely manner makes alternative payment arrangements with its creditors. This process may allow the company to continue in operation, rather than entering bankruptcy proceedings and liquidating. A debt restructuring may involve any of the following: Delaying debt payments Forgiving some portion of the debt Swapping some or all of the debt for shares of the firm’s common stock or preferred

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Corporate Finance Collections Accounting Accounting 40

Insightful Accountant

JANUARY 26, 2024

Accountants often face stress and burnout, impacting their well-being. Recognize the toll it takes on your health. A comprehensive guide offers 5 simple steps tailored for professionals like you to bring calm and balance back into your life.

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Tax Accounting Accounting 52

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Accounting

Accounting Tools

JANUARY 26, 2024

What is a Debt Service Fund? A debt service fund is a cash reserve that is used to pay for the interest and principal payments on certain types of debt. Advantages of a Debt Service Fund The existence of a debt service fund is intended to reduce the risk of a debt security for investors, since it ensures that funds are being set aside to meet the borrower’s debt obligations.

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Auditing Accounting Accounting 40

Insightful Accountant

JANUARY 26, 2024

Gary and Charles discuss how outsourcing can help firms grow, and scale up during busy times and how it can be an effective part of an exit strategy for firm owners.

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Accounting Tools

JANUARY 26, 2024

What is Defalcation? Defalcation is the theft or misuse of funds or other assets by someone who has responsibility to protect those assets. It is usually committed by a professional who is presumed to have a sufficient level of expertise to be able to handle funds or assets in a safe manner. Examples of Defalcation An example of defalcation is when a trustee invests funds improperly, resulting in their loss.

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Auditing Accounting Accounting 40

NACM

JANUARY 26, 2024

?️ On today's episode of NACM's Extra Credit podcast. Credit managers must use proactive strategies to encourage timely payments from habitual and sporadic late payers.⭐ Hear from Martine Dyer; Nelida Lervaag; and Marcela Rolon!

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5

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

JANUARY 26, 2024

What is Downside Risk? Downside risk is the amount of loss that will be sustained in a worst-case scenario. This analysis may be conducted just for an investment in securities , or in regard to any fixed asset project. The extent of the risk depends on the type of investment. For example, an investment in an asset has a maximum downside risk of losing the entire amount of the investment.

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Accounting Today

JANUARY 26, 2024

A growing divide is emerging between Republicans and the business interests the GOP once unflinchingly championed.

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Billing Corporation Tax Tax 317

Accounting Tools

JANUARY 26, 2024

What is a Deferred Liability? A deferred liability is an obligation for which settlement is not required until a later period. This usually means that the business has been paid by a customer for the delivery of goods that have not yet been delivered, or for the performance of services that have not yet been performed. Accounting for a Deferred Liability When a business receives cash in exchange for a future obligation, it records a debit to the cash account and a credit to the deferred liabilit

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Accounting Accounting 40

Accounting Today

JANUARY 26, 2024

Parts of Trump's 2017 tax-cut package will expire in 2025, and Biden would only extend tax breaks for individuals earning less than $400,000 a year.

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Tax 195

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.