Mon.Nov 25, 2024

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We’ve updated our responsible data use commitments

Xero

We use data to create innovative products and features for our customers. These help small businesses save time and make better decisions, and give advisors the information they need to help their clients thrive. Data is critical to innovation, and the opportunities to put it to work for the benefit of our customers are exciting. With these opportunities, comes an obligation to use data responsibly, which we take very seriously.

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GASB proposes standard on subsequent events

Accounting Today

The Governmental Accounting Standards Board issued an exposure draft on how to account for transactions that occur after the date of the financial statements.

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Mastering B2B Payment Negotiation Strategies for New Business Owners

Enterprise Recovery

One of the most challenging parts of starting a business or working independently is deciding on your rates. After that, you must negotiate contract terms with your clients, including asking to get paid for your work. Navigating the complex world of B2B payments can be daunting for business owners, but mastering effective negotiation strategies can ensure you always get paid for your hard work.

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Generative AI will upgrade you, not replace you: KPMG

Accounting Today

KPMG research has found gen AI has a 3-17% EBITDA impact, but this is no reason to replace human accountants.

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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

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Driving Year-End Efficiency in Tax Practices: A Manager's Guide

Insightful Accountant

As tax season approaches, tax practices face increasing pressure to optimize operations while maintaining service quality. Forward-thinking managers and owners should focus on key efficiency drivers.

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IRS plans National Tax Security Awareness Week

Accounting Today

The Internal Revenue Service and its partners in the public and private sectors are planning to highlight the importance of cybersecurity next week.

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More Trending

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AI costs go beyond AI systems themselves

Accounting Today

Developing an AI system can carry a hefty price tag that includes not just the coding of the system itself but secondary costs like labor, training and data fees.

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Nov 25, Is QuickBooks Being Discontinued?

Bookkeeping Essentials

Intuit decided that after July 31, 2024, they will no longer sell NEW subscriptions to certain products in the U.S. Starting April 15, 2025, this will also apply to NEW Canadian desktop subscribers. Learn which products are affected.

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FASB reviews impact of revenue recognition standard

Accounting Today

The Financial Accounting Standards Board released a post-implementation review of its rev rec standard a decade after its implementation.

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Data Exports for FOCUS 1.0 is now in general availability

AWS FinOps

Today AWS announced the general availability release of Data Exports for FOCUS 1.0. You can now create exports of your AWS cost and usage data with the FOCUS 1.0 schema with significant specification conformance improvements compared to the public preview released in June 2024. FOCUS (FinOps Open Cost and Usage Standard), supported by the FinOps Foundation, is an open-source cloud cost and usage specification that provides standardization to normalize cost and usage data and simplify cloud finan

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From Start to Scale: Driving Growth Through Seamless Payments Implementation

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

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IRS extends R&D tax credit transition period

Accounting Today

The Internal Revenue Service is extending the transition period for revising claims for the research and development tax credit through Jan. 10, 2026.

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What Is Employee Relations? Small Business Guide

Fit Small Business

Overview of Employee Relations As a subset of human resources, employee relations are the interactions between employers and employees. They are not merely transactional, but reflect the company’s values, commitment to its workforce, and capacity for an inclusive environment. Employee relations professionals work to ensure employees feel heard and valued, resolve grievances, and improve overall.

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Macy's delays earnings after worker hid millions in expenses

Accounting Today

An employee "intentionally" made erroneous accounting accrual entries to hide about $132 million to $154 million of cumulative delivery expenses stretching over multiple years.

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5 Best Restaurant CRM Platforms

Fit Small Business

Between front-of-house operations, guest reservations, and tips, it’s challenging to operate a restaurant with standard CRM software. As a result, most opt for a restaurant CRM that handles their specialized needs while providing an accessible and easy-to-use platform for managing daily customer interactions. Thankfully, we’ve done the hard work by reviewing the best restaurant CRM.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Duke Heninger, Partner and Fractional CFO at Amplēo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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.

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Art of Accounting: An idea from a Chinese takeout menu

Accounting Today

What would happen if CPAs offered clients a list of suggested services for a fixed fee?

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What is a Vendor Portal and Does Your Business Need One?  

AvidXchange

A vendor portal is an online platform where suppliers interact with a company’s procurement and finance teams. Also known as a supplier hub, having one can help your company streamline tasks like order management, invoice submission, and payment tracking. By centralizing communication, a vendor portal is designed to enhance efficiency, improve transparency, and reduce manual errors, fostering strong supplier relationships and accelerating the payment process.

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Grant Thornton lays off about 150 workers in U.S.

Accounting Today

The layoffs span the accounting firm's advisory, tax and audit businesses.

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8 Beautiful CFO Dashboards that Will Make Your Life Easier

finout

What Is a CFO Dashboard? CFOs in modern organizations face numerous challenges, including managing increasing volumes of data, balancing short-term financial health with long-term strategic goals, and responding swiftly to market changes. The complexity of global operations, regulatory requirements, and the demand for detailed financial reporting add layers of difficulty to their role.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.

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What Drives the Monthly Accounting Industry’s Costs Up & Down?

CSI Accounting & Payroll

When you’re shopping for a monthly accounting partner, you’re looking at a fairly niche industry.

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Build Your Own OCR Engine for Wingdings

Nanonets

Optical Character Recognition ( OCR ) has revolutionized the way we interact with textual data in real life, enabling machines to read and interpret text from images, scanned documents, and handwritten notes. From digitizing books and automating data entry to real-time text translation in augmented reality, OCR applications are incredibly diverse and impactful.

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Top Payoneer Competitors for Mass Payouts

Tipalti

Explore top alternatives to Payoneer for mass payouts, featuring options with robust AP automation, global reach, and flexible payment methods.

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Trump nominates hedge fund chief Bessent to lead Treasury

Accounting Today

Scott Bessent is expected to play a key role in pushing for a renewal of Trump's 2017 tax cuts through Congress, many of which are set to expire at the end of 2025.

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Back to Basics with Reconciliations

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.

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DOGE Goes After TurboTax & Remote Work

Cloud Accounting Podcast

Blake and David discuss Trump's proposed Department of Government Efficiency (DOGE) and its potential impact on tax filing and federal remote work policies. They analyze the Pentagon's seventh consecutive failed audit and examine Intuit's ambitious plans to expand its enterprise offerings. The duo also explores a groundbreaking study showing ChatGPT-4 outperforming human doctors in medical diagnoses, highlighting AI's growing capabilities in professional decision-making.

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California pledges EV rebate if Trump kills tax credit

Accounting Today

California Governor Gavin Newsom is promising to step in with a state electric-car tax credit if Trump repeals a federal subsidy after he takes office.

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TCJA extensions or revisions: What lies ahead for 2025

Accounting Today

With Republican control of Congress, Donald Trump will have a greater chance of success in renewing parts of his 2017 Tax Cuts and Jobs Act.

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