Mon.Nov 04, 2024

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Why accounting firms are bleeding talent

Accounting Today

Stagnating wages and gaps in career path awareness have pushed young professionals away from accounting, leading to a dearth of candidates and leaving firms scrambling to find a solution.

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The Best B2B Dispute Management Tools of 2024

Gaviti

Whether due to error, financial trouble or the non-delivery of goods or services, disputes are unavoidable in the world of accounts receivable. Traditionally, they are managed through a lengthy, tedious manual process that lacks visibility into the process in real time. As companies scaled and these disputes increased, however, businesses started to turn to dispute automation for a more efficient dispute management process for collections and dispute management.

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FASB issues standard on income statement expenses

Accounting Today

In response to demand from investors, public companies will be required to disclose more information about certain expenses in the notes to financial statements.

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Cloud Forecasting: Techniques, Challenges & 6 Best Practices

finout

What Is Cloud Forecasting? Cloud cost forecasting is crucial for organizations operating in the cloud because it directly impacts financial planning and resource management. As businesses increasingly migrate workloads to cloud environments, managing costs becomes complex due to the dynamic nature of cloud services, such as on-demand pricing models and scaling capabilities.

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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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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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EY forms Global AI Advisory Council

Accounting Today

Big Four firm Ernst and Young announced the formation of the Global AI Advisory Council, which will act as a sounding board as EY manages the extensive scale of AI deployments.

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The Human Touch: Why Personalized Bookkeeping Services Matter for Small Businesses

Less Accounting

In the age of automation and digitalization, small businesses have access to a plethora of tools and software designed to streamline their operations. While automation undoubtedly offers numerous benefits, there’s still something irreplaceable about the human touch, especially when it comes to bookkeeping. In this blog post, we’ll explore why personalized bookkeeping services matter for small businesses and the unique advantages they offer in an increasingly automated world.

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Nominations for 2025 ProAdvisor Awards Continue

Insightful Accountant

It's not too late, you can still tell that 'special ProAdvisor' in your life just how much you think of them by nominating them for the 2025 ProAdvisor Awards. Whether they are U.S. or International ProAdvisor we're still accepting nominations.

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PCAOB updates standard-setting, rulemaking agendas

Accounting Today

The Public Company Accounting Oversight Board staff updated its short- and mid-term standard-setting agenda as well as its rulemaking agenda.

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Join us for App Academy - Tomorrow 11/6/2024

Insightful Accountant

Murph is excited to be joining the team for Wednesday's App Academy. He will be sharing insights and commentary on the five participating app solutions.

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PCAOB board member complains of persecution by senators

Accounting Today

Christina Ho said Sens. Elizabeth Warren and Sheldon Whitehouse are unfairly singling her out for audit failures at firms.

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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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1099 Rules

Tipalti

Stay compliant in 2024: unravel Form 1099 rules to help navigate tax regulations seamlessly and stay on top of the constantly-changing business taxes landscape.

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Art of Accounting: Catch someone doing something good

Accounting Today

Many managers are not in the habit of telling people they did something good.

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1099-MISC Instructions: Filling Steps and FAQs Answered

Tipalti

Boxes on the new Form 1099-MISC are rearranged and renumbered. Boxes 15 through 17 apply to states. Follow IRS 1099-MISC Instructions to complete the tax form. Some exceptions for 1099-MISC reporting aren’t included in this article.

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Is PE right for you?

Accounting Today

Private equity is a solution to many firm problems — but not for all firms. Allan Koltin dives into who might be a good fit for PE, and more.

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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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Tired of 20+ Page Organizers? Here’s How to Make Tax Season a Breeze

Insightful Accountant

Tax season can be a challenging time for both accountants and clients, particularly when it comes to collecting accurate and complete tax information. A primary source of frustration for accountants is the use of traditional tax organizers.

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M&A roundup: KSM, KNAV and ATKG expand

Accounting Today

KSM adds SGKK; KNAV merges in HLG Netherlands; ATKG combines with SPR.

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How to Understand Business Performance: From a Profit and Loss Perspective

Counto

How to Understand Business Performance: From a Profit and Loss Perspective This Standard Operating Procedure (SOP) covers how small business owners in Singapore can understand their business performance through a financial statement known as the Profit and Loss Statement (P&L) or Income Statement. The Income Statement summarises revenues, costs, and expenses incurred during a specific period, usually a fiscal quarter or year.

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Taxes, tariffs and more: 5 key economic stakes of the US election

Accounting Today

The U.S. election on Tuesday will have far-reaching economic consequences, ranging from how Americans are taxed to how the country trades with the rest of the globe.

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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?