December, 2023

article thumbnail

Economic trends to help your business plan for 2024

Xero

The past year has been a bumpy ride for many. Most owners have been focused on maintaining cash flow, as they deal with the combination of rising costs and a limited capacity to lift their prices as customers become increasingly scarce. As 2024 approaches, it’s a good time for small business owners to think about business planning for the next 12 months.

XERO 275
article thumbnail

IRS plans foreign tax credit rules

Accounting Today

The Treasury Department and the Internal Revenue Service expect to issue proposed regulations to address the application of the foreign tax credit and related rules and the dual consolidated loss rules to certain types of taxes described in the GloBE Model Rules.

Tax 332
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

11 things we’ve learned about using AI together

Intuit

AI is changing the game across industry sectors around the world. While some companies are struggling to upskill their workforce in this supercharged environment, Intuit is staying a step ahead. Shannon Orr, Intuit’s assistant general counsel for AI, says, “We want to be innovators. We want to experiment.” That’s why we’re encouraging our employees to explore a wide variety of use cases with AI and generative AI (GenAI).

article thumbnail

Budgeting and Planning for 2024: A Guide for Businesses

Accounting Department

With a new year just around the corner, it's time for organizations to start thinking about their budgets for 2024 - if they haven't already. Effective budgeting and planning are critical to the success of any business. It helps in making smart financial decisions, optimizing resource allocation, and achieving business objectives.

Budgeting 246
article thumbnail

How to Select the Perfect Payments Partner: 7 Keys for Sustainable Growth

Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms

Join Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms for an informational webinar about how to select the ideal payments provider for your platform! This session highlights the 7 key criteria for assessing payments partners and maximizing the value of your investment. From evaluating technology and business development programs to understanding support and compliance, this webinar will equip you with a comprehensive evaluation framework and strategy for

article thumbnail

Batch Stuck In Posting Dynamics GP (Great Plains) How to Use Batch Recovery

Fidesic blog

If you have a batch that is stuck in posting or has been sent to recovery this post is going to help you figure out how to recover that batch and figure out what is causing the error so you can fix it and post it. You can watch the video or follow the steps below.

246
246
article thumbnail

How Lacerte Software Streamlines Tax Preparation Processes

Ace Cloud Hosting

Tax preparation can be a daunting task, especially for those new to the field. Lacerte Software offers a comprehensive solution that simplifies the process and ensures accuracy and compliance. Lacerte.

Tax 111

More Trending

article thumbnail

IRS falls short when employees get arrested

Accounting Today

The Internal Revenue Service needs to do a better job of keeping track of employees who are arrested by law enforcement and notifying their colleagues, according to a new report.

Tax 308
article thumbnail

A Place Where Women in Sales Want to Work

Intuit

Championing women in sales When companies ramp up their diversity and inclusion efforts, their focus usually goes to tech and engineering roles. But women are underrepresented in sales, too. That’s why it’s meaningful that Intuit was recently recognized as number one on the list of the “Top 25 Companies Where Women Want to Work” released by GirlsClub, a professional organization focused on getting more women in sales leadership.

article thumbnail

Types of Reports in QuickBooks: A Comprehensive Guide

Accounting Department

Reports play a crucial role in managing a business effectively, and QuickBooks provides a wide range of reports that can help small and medium-sized businesses track their financial performance and make informed decisions. These reports provide valuable insights into various aspects of the business, such as income, expenses, sales, inventory, and payroll.

article thumbnail

Wire Transfer vs ACH Transfer

Fidesic blog

Digital payments saw a major increase in recent years as remote work becomes more common. Both ACH and wire transfers move funds from one bank account to another, but there are key differences. Let's start with defining each and then we will compare Wire Transfer vs ACH Transfer.

article thumbnail

2024 Annual Trends Survey: Expense Management Insights

Uncover the latest trends in expense management for small and medium-sized businesses. Our 5th Annual Trends Survey reveals that corporate card use is skyrocketing, but expense software isn't keeping up. This mismatch is creating real challenges for finance teams, who now take an average of 14 days to close their books. Travel policies are shifting to accommodate hybrid work, but many companies are struggling with off-tool bookings.

article thumbnail

QuickBooks Revises 1099 Process for 2023 Filings

Insightful Accountant

Preparing, filing, and correcting 1099s is now easier than ever in QuickBooks Online. New workflow, reporting, free e-file of corrections and E-file payment flexibility and will be available for the 2023 filing period.

article thumbnail

Build the ultimate app stack to help skyrocket your practice growth

Xero

In today’s accounting and bookkeeping practices, you can find yourself juggling client communications, compliance and acting increasingly in advisory roles – all while still managing your ever-growing daily management tasks. It’s understandable that you may often find yourself spending more time on the admin side of your practice than growing it. So how can you streamline time spent on admin, workflows and processes?

XERO 228
article thumbnail

FASB issues cryptoasset standard

Accounting Today

The Financial Accounting Standards Board released its long-awaited accounting standards update to improve the accounting for and disclosure of certain cryptoassets.

article thumbnail

From Hollywood Dreams to a Purpose-Driven Tax and Bookkeeping Career

Intuit

Alvin Clavon knows how to navigate the often-twisty roads of life. After college, Alvin secured a job on a TV production set with a cross-country move to a promising career in Hollywood. Alvin quickly learned his first professional lesson: always get an offer in writing. Once in L.A., the deal was off and Alvin found himself looking for work in a hard-to-navigate Hollywood scene. “If I had to describe my journey, it’s been one of searching.

article thumbnail

Unlock The Power Of The CFO Toolkit

Speaker: Duke Heninger

With the rise of fractional finance roles, many CFOs, FP&A professionals, controllers, and accountants are stepping into independent consulting. The expansion of fractional services presents new opportunities for finance professionals, but many face challenges in navigating this transition, finding it daunting. Whether you’re new to fractional work or refining your approach, this webinar will equip you with a repeatable system for success.

article thumbnail

Looking Back at a Year of ADC Sponsored Events!

Accounting Department

Each year, our team gears up to attend events all over the United States that AccountingDepartment.com proudly sponsors. As a proud supporter of Vistage International, Entrepreneurs’ Org, EOS Worldwide, CEO Coaching International, Genius Network, Small Giants Summit, HubZone, Women Presidents’ Organization, and B2B CFO®, our team gets to experience many great events, meet many amazing people, and see our clients from all over.

234
234
article thumbnail

5 Ways to Modernize Your Office & Boost Productivity

Fidesic blog

Why Performance and Productivity Increase when you Modernize Office Décor Let's face it, offices have changed dramatically in the last few years. Since many leaders are already re-imagining their office setups, now is the perfect time to reboot and modernize office décor and design. In this post we will look at 5 data-prove n new office interior design ideas to modernize office and boost productivity.

article thumbnail

Cloud Hosted QuickBooks Enterprise Security for Your Business – A Comprehensive Guide

Ace Cloud Hosting

QuickBooks Enterprise is a comprehensive accounting software designed to help businesses manage their finances, inventory, and operations efficiently. Being a repository for sensitive financial information, QuickBooks Enterprise demands a comprehensive.

article thumbnail

Five tech trends for small businesses in 2024

Xero

In the early 2000s, accessing the internet was through a dial-up connection which could take anywhere from 30 seconds to a couple of minutes to establish a connection. In 2023, generative AI tools can generate poems, short stories and complex legal and medical documents in a matter of seconds. The pace of technological change is accelerating and it’s reshaping just about every aspect of how we live, work, socialise and play.

XERO 226
article thumbnail

Pricing for Profit: How to Set, Negotiate, and Succeed

Speaker: Igli Laci, Strategic Finance Leader

In today’s competitive market, pricing is more than just a number — it’s the cornerstone of profitability. The right pricing strategy ensures that you capture the true value of your offering, paving the way for sustainable growth and long-term success. Join Igli Laci, Strategic Finance Leader, in this exclusive session where he will explore how a well-crafted pricing approach balances customer perception with business objectives, creating a powerful tool for securing both competitive advantage a

article thumbnail

PwC names Mohammed Kande as new global chair

Accounting Today

Kande has been the firm's global advisory leader since 2019 and also currently serves as co-leader of the U.S. Consulting Solutions side, where he has been involved in the firm's artificial intelligence efforts.

article thumbnail

The Support to Grow your Tax and Bookkeeping Career, Your Way

Intuit

Anisha Wells wants to make a difference in this world for her family—and for just about everyone else she knows and meets. She developed a real passion for helping and serving others in her previous roles as a daycare director and property manager. However, Anisha’s unpredictable work schedule often left her with little to no work-life balance as she juggled her demanding personal and professional commitments.

article thumbnail

Outsourced Client Accounting Services: Streamlining Financial Management

Accounting Department

Outsourced client accounting services play a crucial role in helping businesses take control of their financials. These services involve outsourcing the accounting and bookkeeping tasks to a third-party service provider, allowing businesses to focus on their core operations. The role of outsourced client accounting services goes beyond basic bookkeeping; it includes managing accounts payable and receivable, payroll processing, financial reporting, and more.

article thumbnail

14 Awesome Accounting Blogs for Accountants & Accounting Mangers

Fidesic blog

Looking for the best accountants blog? We couldn't narrow it down to just one so we chose to list 14 great blogs for accountants and other thought leadership sources on accounting. The accounting blog topics vary slightly for each one. The first 9 blogs are general accounting blogs and news sources. The last 5 are geared toward accounts payable and payments industries, because that's what we are focused on.

article thumbnail

3 Steps to Successful & Strategic Year-End HR Planning

Year-end can be a hectic time for HR professionals, but with proper planning and organization, you can navigate it smoothly. Learn the main watch outs for year-end HR prep with Paycor’s helpful checklist covering employee data, wage and tax information, and special situations. Ensure compliance and efficiency by downloading today!

article thumbnail

Sage 50 – Features, Use Case, Alternatives, & Limitations

Ace Cloud Hosting

Managing finances and accounting is a crucial aspect of any business, regardless of its size. Sage 50 Accounting software has long been a trusted solution for businesses looking to streamline.

article thumbnail

Thanks for coming along to the New Zealand Roadshow 2023

Xero

As we wrap up the 2023 Xero New Zealand’s Roadshow , we want to reflect on the success of what was our largest Roadshow in the Asia-Pacific region. Starting in Dunedin this October, we travelled across Aotearoa New Zealand, making stops in Christchurch, Wellington, and Hamilton, before finishing in Auckland; amounting to 10 hours and 30 minutes travelled by each Roadshow member.

XERO 221
article thumbnail

IMA certification aims to address accounting talent shortage

Accounting Today

The Institute of Management Accountants is rolling out a new Financial and Managerial Accounting Associate certification that requires no prerequisites like a college degree.

article thumbnail

Murph hosts a ProAdvisor Meetup for January's QB Talks

Insightful Accountant

What better time of the year to find out what you are thinking.ProAdvisors are invited to January's "open microphone' edition of QB Talks to tell us what you think about the ProAdvisor Awards, the ProAdvisor Program and recent QB-Desktop news.

105
105
article thumbnail

Auditpalooza: Rocking the Month-End Close Audit

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

A good, fast, clean audit leads to a happy work life. Join us in this one-hour webinar, where we share the best ways to prepare and conduct your audit process to maximize audit satisfaction and minimize administrative time in month-end close and financial reporting. Learning objectives: This course objective is to review leading practices to maximize audit success.

article thumbnail

5 SMB Trends to Expect in 2024

Accounting Department

Small and medium-sized businesses (SMBs) are essential to the economy, accounting for more than half of all jobs worldwide. In recent years, several trends have impacted how SMBs operate, and we can expect even more changes to come in 2024. To prepare for the future, businesses must be aware of these shifts and adapt accordingly. In this blog post, we will discuss five SMB trends that we can expect to see in 2024, dealing with AI, customer experience, sustainability, and cybersecurity.

article thumbnail

Is ACH Safe? Are ACH Payments Safe Compared to other Methods?

Fidesic blog

ACH payments are a safe way to pay vendor invoices and employee payroll. According to data from NACHA fewer than 0.03% of ACH transactions are returned as unauthorized. ACH remains the preferred payment method for accounts payable departments to pay their vendors. ACH payments grew to 26.8 billion transactions in 2020 (a 8.2% YOY increase) according to NACHA , the organization that oversees ACH activity.

article thumbnail

The 35 Most Asked QuickBooks Hosting Questions and Answers in [2024]

Ace Cloud Hosting

Discover responses to frequently asked QuickBooks hosting queries from users and additional resources. Are you curious about QuickBooks hosting and wondering if it suits your business? You’re not alone! Explore.

article thumbnail

We’re partnering with Flinks to improve your bank feeds in Xero

Xero

We know the insights you get out of Xero are only as good as the data that goes in. That’s why we’re committed to improving both the number and quality of bank feeds across Canada and the US. It’s something we promised you we would focus on, and we’re excited to share that we’ve made some great progress. Today, we’ve announced a new partnership with Flinks , which will give you access to more than 20 high-quality bank feeds in Xero.

XERO 210
article thumbnail

Benchmarking ROI with Forrester: Measuring the Success of Finance Transformation

Finance Transformation Myths Busted Over 75% of organizations struggle to define the right success metrics to benchmark the impact of their finance transformation investment. Whether you are just initiating your digital transformation journey or planning to pitch your next AI project to leadership, without the right metrics and a rigorous tracking process - all your efforts might go to waste!