Wed.Sep 04, 2024

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Managing generative AI in your firm

Accounting Today

The rapid adoption of gen AI has created opportunities for accounting firms — but also challenges.

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Accelerating development velocity with major enhancements to GenOS

Intuit

We announced major enhancements to our proprietary Generative AI Operating System (GenOS) that’s accelerating development velocity at scale across Intuit’s products and services to solve our customers’ most important financial problems and drive durable growth. Intuit’s GenOS now includes GenOS AI Workbench, a dedicated development environment for end-to-end application development, and enhancements to GenStudio, GenRuntime, and GenUX components.

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Reining in the ERC, and other major developments at the IRS

Accounting Today

Reining in the ERC, and other major developments at the IRS

Tax 325
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FAQs on AI-Powered Accounts Payable Automation with Cevinio

Cevinio

AI-powered accounts payable (AP) solutions are revolutionizing finance operations by enhancing efficiency, reducing costs, and improving compliance […]

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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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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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Low-income areas get $3.5B in clean energy credits

Accounting Today

Investments in solar installations made are expected to fund the generation of close to 2 billion kilowatt hours of clean electricity each year in underserved places.

Tax 290
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NetSuite 2024.2 In-depth - Part 1

Insightful Accountant

This is a prologue to Murph's new series on Oracle NetSuite with an emphasis on their 2024.2 Release product enhancements. Today's article gives you a glimpse at some of their financial feature improvements.

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Future Forward Webinar and Qvinci® help you 'Review the Metrics'

Insightful Accountant

Murph reveals how an upcoming Future Forward webinar featuring Qvinci focuses on using a 3-step approach to building your Advisory Services. This article focuses on Step 1.

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State CPA societies spotlight top skills for CFOs

Accounting Today

The Massachusetts Society of CPAs teamed up with the Indiana Society of CPAs, the Tennessee Society of CPAs and CPA Crossings to highlight the competencies deemed essential for aspiring CFOs.

CPA 290
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My Firm’s Best Marketing Wins

Future Firm

Discover the 4 biggest marketing wins that generated leads and new business for my firm, so you can apply the lessons to your own business. The post My Firm’s Best Marketing Wins appeared first on Future Firm.

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Is your firm's SOS process in need of rescue?

Accounting Today

Now is a great time to look at three important operations within your firm: Sales, Onboarding and Service.

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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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Tips for Choosing Invoice Management Software 

AvidXchange

Table of Contents: What is Invoice Management Software? | Why Consider Invoice Management Software? | The Benefits of Invoice Management Software | How to Select Invoice Management Software Quality i nvoice management software is designed to streamline the approval process, track bills, and facilitate payments, significantly enhancing the efficiency of financial operations.

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Maryland joins IRS Direct File free tax prep program

Accounting Today

The state of Maryland has become the latest to sign up for the IRS Direct File program for filing season 2025, offering residents a free way to file their taxes.

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AWS Budgets Vs. AWS Cost Explorer: A Comprehensive Overview

Economize

AWS offers a variety of tools to help organizations track, manage, and optimize their cloud expenses. Among these tools, AWS Budgets and AWS Cost Explorer stand out as essential resources for controlling and forecasting costs. While both are designed to help you manage your AWS spending, they serve different purposes and cater to different needs.

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A November Tax Showdown

Insightful Accountant

There is no doubt that tax policy will be a matter of debate in the upcoming election. The two parties could not stand further apart on their positions for just about everything, including taxes. So where do Vance and Walz stand?

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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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In the blogs: Grabbing attention

Accounting Today

The unchanged tax code; AI hype; M&A promise; and other highlights from our favorite tax bloggers.

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Harris to push capital gains tax rate below 39.6% backed by Biden

Accounting Today

Vice President Kamala Harris is planning to pare back the capital gains tax increase proposed by President Joe Biden, according to a campaign official.

Tax 279
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Harris has a plan to raise homeownership. Builder stocks rejoice

Accounting Today

Homebuilding stocks are on a tear with the Federal Reserve expected to start cutting interest rates in a matter of weeks. And the group is catching an additional tailwind from Vice President Kamala Harris' plans to support the U.S. housing market if she wins the presidential election in November.

Tax 289
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Trump tax cuts would cost more than almost all federal agencies

Accounting Today

Republican nominee Donald Trump and running mate JD Vance are campaigning on a grab bag of tax cut proposals that could collectively cost as much as $10.5 trillion over a decade.

Tax 292
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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?