Accounting Today
MAY 9, 2024
The House passed a bill that would repeal the SEC's SAB 121, which requires custodians to list digital currency as a liability on their balance sheets. However the president said he'd veto the bill.
Intuit
MAY 9, 2024
This interview was originally published on POCIT. Petagae Butcher’s introduction to technology started with a love of Super Nintendo in the 90s. She later graduated from the University of Central Florida with a degree in Management Information Systems, initially majoring in Computer Programming, finding her niche bridging the technology and business worlds.
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Accounting Today
MAY 9, 2024
CliftonLarsonAllen, a Top 10 Firm, has acquired Engine B, a London-based company that helps accounting firms get more insights from their clients' data, effective May 1.
Accounting Department
MAY 9, 2024
The government contracting sector is highly regulated and requires strict compliance with Defense Contract Audit Agency (DCAA) regulations. With ever-evolving regulations and a complex accounting system to manage, the government contract (GovCon) industry has a steep learning curve for small and medium-sized contractors. However, technology has revolutionized business processes by simplifying accounting and ensuring DCAA compliance.
Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting
Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical
Accounting Today
MAY 9, 2024
Sikich LLC, a Top 50 Firm based in Chicago, has snagged a $250 million minority investment from private equity firm Bain Capital to fund further acquisitions and growth, becoming the latest in a series of firms to score PE money.
Insightful Accountant
MAY 9, 2024
While we received some 'generic' App interest to our last posting, Insightful Accountant is currently looking for a few good ProAdvisors who can provide analysis specifically of eCommerce apps.
Financial Ops World brings together the best financial operations content from the widest variety of thought leaders.
Counto
MAY 9, 2024
Essential Steps When Changing Your Company’s Registered Address in Singapore When you change your company’s registered address in Singapore, it’s crucial to ensure all related legal and operational updates are handled meticulously to comply with local regulations and maintain smooth communications. 1. Update Your Company Secretary Records As a general rule, it is crucial to notify your company secretary of any changes to your company’s information and/or address.
Accounting Today
MAY 9, 2024
The Internal Revenue Service and the Treasury Department plan to issue regulations on the interplay between foreign tax credits, dual consolidated losses and OECD rules.
Accounting Tools
MAY 9, 2024
What Does it Mean to Report Expenses by Function? When expenses are reported by function, they are being reported by the type of activity being conducted. Examples of income statement line items that are presented by function are administrative expenses , financing expenses, manufacturing expenses, marketing expenses, and selling expenses. Or, a nonprofit entity that reports expenses by function could do so by aggregating its expenses into the following general functions: Programs, fund raising,
Accounting Today
MAY 9, 2024
The Internal Revenue Service issued the annual inflation adjustments for health savings accounts in 2025 as prices continue to rise.
Speaker: Amanda Adams, Fractional CFO, CPA
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.
Accounting Tools
MAY 9, 2024
Acquisition integration is the process of combining the operations and systems of an acquired business with those of the acquirer. This is needed so that the acquirer can achieve benefits from its acquisition as soon as possible. There are a number of steps involved in acquisition integration, of which the following are the most essential. Step 1: Appoint an Integration Manager Assign the integration task to one of the acquirer's managers who has significant experience and seniority within the c
Accounting Today
MAY 9, 2024
Overall, a better experience, but there were still some bumps on the road to April 18.
Accounting Tools
MAY 9, 2024
What are the Elements of Financial Statements? The elements of financial statements are the general groupings of line items contained within the statements. These groupings will vary, depending on the structure of the business. Thus, the elements of the financial statements of a for-profit business vary somewhat from those incorporated into a nonprofit business (which has no equity accounts ).
Accounting Today
MAY 9, 2024
Bodies of evidence; the Ultimate crime; one expensive ghost; and other highlights of recent tax cases.
Speaker: Abdi Ali, Sr. Lease Accounting Consultant
Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.
Jetpack Workflow
MAY 9, 2024
Podcast Summary In this episode of Growing Your Firm, brought to you by Jetpack Workflow, host David Cristello welcomes back Geni Whitehouse, founder of The Impactful Advisor and Information Technology Alliance (ITA) president, who specializes in the wine industry. Geni, also known as the Countess of Communication and author of “ How to Make a Boring Subject Interesting: 52 Ways Even a Nerd Can Be Heard ,” discusses the latest trends in her membership base, the importance of niche a
Accounting Today
MAY 9, 2024
The first step in identifying invoice fraud and stopping it is knowing what you're looking for.
Insightful Accountant
MAY 9, 2024
Tax pros post-tax season: vacation or dive into to-do list? Heavy workload can overwhelm, hindering productivity. Strategic techniques help navigate overwhelm efficiently and reduce stress.
Billing Platform
MAY 9, 2024
The finance industry is experiencing a paradigm shift driven by the rapid advancements in artificial intelligence (AI) and machine learning (ML). These technologies are not just buzzwords. At the forefront of this transformation is the implementation of AI in various financial processes , including billing. AI in finance is redefining how financial institutions operate, manage risks, and interact with customers.
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Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.
accountingfly
MAY 9, 2024
Top Remote Accounting Candidates This Week Looking for remote accountants? Accountingfly can help! With our ‘ Always-On Recruiting ‘ program, you can access highly skilled and experienced remote accountants with no upfront cost. These are just a few of our top candidates this week. Sign up now to receive the full list of top accounting candidates available weekly!
Counto
MAY 9, 2024
An Expert Guide to Setting Up a Retail Outlet in Singapore Singapore’s vibrant retail landscape presents a plethora of opportunities for entrepreneurs eager to establish a retail outlet. Whether you are launching a physical store or an online platform, understanding the regulatory, operational, and strategic aspects is crucial. This guide provides a detailed overview of the necessary steps and considerations for starting a retail business in Singapore.
Accounting Tools
MAY 9, 2024
Accumulated depreciation has a credit balance, because it aggregates the amount of depreciation expense charged against a fixed asset. This account is paired with the fixed assets line item on the balance sheet , so that the combined total of the two accounts reveals the remaining book value of the fixed assets. Over time, the amount of accumulated depreciation will increase as more depreciation is charged against the fixed assets, resulting in an even lower remaining book value.
Insightful Accountant
MAY 9, 2024
A new 'Generative AI' report from Thomson Reuters shows 60% of corporate tax professionals now believe Gen AI should be applied to their work, up from 53% in 2023.
Speaker: David Warren and Kevin O’Neill Stoll
Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng
oAppsNet
MAY 9, 2024
Accounts receivable is a fundamental concept in business finance, serving as an essential component of a company’s working capital and cash flow management. This article aims to demystify the accounts receivable process, elucidating its significance, operational mechanisms, challenges, and optimization strategies. By comprehensively exploring its facets, readers will understand how accounts receivable functions within a business context, empowering them with knowledge to enhance financial
Accounting Tools
MAY 9, 2024
What is Management’s Discussion and Analysis? Management's discussion and analysis is part of the disclosures section of the financial statements , in which prior period performance and projected results are discussed. This is one of the most closely reviewed parts of the financial statements, since a reader can interpret from it the opinions of management regarding the performance and future prospects of a business.
Cloud Accounting Podcast
MAY 9, 2024
The SEC charged Trump's audit firm with a massive fraud – 1,500 fake filings over 2.5 years! Plus, hundreds of small US banks are at risk due to commercial real estate loan exposure. We're also talking about the potential of AI tools like Claude and ChatGPT to automate various accounting and business tasks, the controversial Corporate Transparency Act's beneficial ownership reporting requirements, and the possibility of its repeal.
Accounting Tools
MAY 9, 2024
What is a Cost-Benefit Analysis? Cost-benefit analysis involves weighing the costs associated with a decision against the benefits arising from that decision. The analysis is used to decide whether to proceed with a course of action or not. Cost-benefit analysis can include both quantitative factors and qualitative factors. For example, the analysis of a decision to construct a facility in a particular city could include quantitative factors, such as the amount of tax breaks that can be obtained
Speaker: Mark Stovel
When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.
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