June, 2024

article thumbnail

Navigating DCAA Accounting: A Comprehensive Guide for Government Contractors

Accounting Department

When it comes to compliance with government regulations, navigating the intricacies and nuances of DCAA accounting is essential for any government contractor. DCAA stands for Defense Contract Audit Agency, a branch of the Department of Defense that is tasked with auditing and evaluating proposal and contract costs for the government.

article thumbnail

Intuit expands IDEAS Program

Intuit

In partnership with the Los Angeles Urban League, we announced the expansion of the Intuit IDEAS (Invest, Develop, Empower, Accelerate, and Scale) Program. The program, which began as a pilot in Los Angeles, will now expand to a total of 100 small business owners; applications for the three cities are now open in Atlanta , Los Angeles and Philadelphia.

professionals

Sign Up for our Newsletter

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

article thumbnail

Deadline for MP Elite 2024 submissions extended

Accounting Today

Due to extensive interest, Accounting Today is extending the deadline for submissions for its annual Managing Partner Elite list to the end of the day on Monday, July 8.

article thumbnail

Changes to Xero’s plans in Aotearoa New Zealand

Xero

We want to make sure the needs of small businesses and their advisors are met well into the future, and that means providing you with easier access to tools that help you run your business efficiently. So we’re refreshing our subscription plans for small businesses and partners with new plans which will be available from 12 September 2024. We’ve put a lot of consideration into creating simplified plans with bundled tools and features, to help solve your most important accounting and people manag

XERO 236
article thumbnail

Confronting the Change Challenge

Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.

article thumbnail

[Expert Opinion] How to Attract Accounting Clients in 2024

Ace Cloud Hosting

In accounting world the key to success is attracting and retaining clients. Effective accounting marketing strategies can enhance visibility and build healthy client relationships, helping firms build long-term success in.

article thumbnail

2025 ProAdvisor Awards - Advantages of Self-nomination

Insightful Accountant

Some ProAdvisors feel odd about nominating themselves, you really shouldn't. more than 70% of those achieving award status in our 2024 process were self-nominees. Murph tells you the advantages of self-nomination in today's feature.

105
105

More Trending

article thumbnail

Thriving Amidst the Accounting Talent Crunch: Strategies for Employers and Job Seekers

accountingfly

“The accounting profession is not going to die. It’s not going to wither on the vine. There is lots of talent out there, and there are options and hope.” The accounting industry is facing a talent shortage, which is affecting both employers and job seekers. However, in a recent Accounting Talent Podcast discussing the reasons for the talent shortage , Jeff Phillips, the CEO of Padgett and Co-Founder of Accountingfly, sheds light on actionable insights to help both parties navigate this challenge

article thumbnail

IRS tries to use AI to close tax gap

Accounting Today

The Internal Revenue Service is turning to artificial intelligence to help select tax returns to audit and narrow the tax gap, but it needs to use this new technology consistently and transparently, according to a new government report.

Tax 325
article thumbnail

New subscription plans are live in Australia: what this means for you

Xero

In May, we announced new subscription plans for Australian customers and partners as part of our efforts to simplify our plan offering. The new plan line-up bundles key features like Xero Expenses, Xero Projects and Xero Analytics Plus into some plans, making it easier to choose the right plan for your business or clients. These plans are now live to coincide with the start of the financial year.

XERO 208
article thumbnail

15 Types of QuickBooks Enterprise Reports Your Business Should Look At

Ace Cloud Hosting

Accounting records can tell you a lot about a business, its costs, profitability, and financial position. But those insights are rarely found by looking at transaction-level details. Instead, business owners.

article thumbnail

Travel and Expense Policy Success: Your Essential Checklist

Setting the stage for successful organizational change always begins with clear, thoughtful communication. When it comes to rolling out a new travel and expense (T&E) policy, establishing a well-structured communication plan is key to ensuring that all employees understand the changes and their impact. By following a step-by-step approach, you can guide your organization through the transition, fostering smooth adoption from the outset and improving compliance.

article thumbnail

The IRS’ New Use of AI

Insightful Accountant

The IRS is turning to AI to help select tax returns for audits, aiming to narrow the tax gap. A recent GAO report emphasizes the need for consistent and transparent use of this technology.

Auditing 105
article thumbnail

Inventory Management Strategies To Maximize Efficiency

Accounting Department

From a manufacturing perspective, inventory is everything for business owners that can significantly impact their financial well-being. That is why effective inventory management is of utmost importance for manufacturers or other businesses that keep things on the shelves.

article thumbnail

Jun 1, Chart of Accounts | Your Blueprint

Bookkeeping Essentials

Your chart of accounts is the blueprint of your accounting system around which everything is built. If your COA is poorly designed, the quality of your information is affected.

article thumbnail

IRS will resume paying ERC claims slowly to safeguard against fraud

Accounting Today

The Internal Revenue Service plans to begin slowly paying some of its older claims for the fraud-plagued Employee Retention Credit this summer but is not lifting its moratorium.

Tax 319
article thumbnail

4 Things Great Companies Do to Improve Cash Flow

Speaker: Don Gallianza, Credit Manager at Chevron Phillips Chemical and Indy Chakrabarti, Chief Marketing Officer at HighRadius

4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor

article thumbnail

How accountants and bookkeepers can improve productivity through apps

Xero

What’s your practice doing to keep up with apps and AI? As the business landscape evolves, the accounting industry must adapt to remain competitive and meet the changing needs of clients. We recognise that one key area of focus is the integration of app stacks and artificial intelligence (AI) into accounting practices so as to support future productivity and growth.

article thumbnail

15 Accounting Podcast That You Can Listen To At Home

Ace Cloud Hosting

In an era, where staying at home has become the norm, finding productive and engaging ways to spend your time is more important than ever. Podcasts have become popular as.

article thumbnail

ProAdvisor Awards All About Preparation

Insightful Accountant

The number of participants in the ProAdvisor Awards grows each year, with more and more highly qualified ProAdvisors entering the mix. We hope you are one of them, but preparation for participation goes a long way at achieving recognition.

105
105
article thumbnail

Why Businesses Should Turn to FP&A for the Second Half of 2024

Accounting Department

In today's tumultuous economic climate, the importance of sound financial strategy cannot be overstated—especially for small and medium-sized businesses that might not have the buffer of large corporations. Financial Planning & Analysis (FP&A) isn't just a set of buzzwords; it's a compass for navigating the murky waters of modern economics. As we approach the second half of 2024, now is the time for businesses to fortify their financial plans.

article thumbnail

The Financial Leaders Playbook: How To Deliver Insight, Oversight, And Foresight

Speaker: Chandra McCormack, CPA, MBA, NACD.DC

Imagine being a financial leader who not only ensures the books are balanced but also shapes the future of your organization. 🤔 ✨ This session will take you beyond the routine reporting and into the realm of strategic financial leadership. We’ll explore how today’s finance professionals can juggle the day-to-day operations while also delivering the long term vision that drives growth.

article thumbnail

Jun 1, Canadian Bookkeeping Tips- Small Business Accounting Basics

Bookkeeping Essentials

Over 30 basic home business accounting and bookkeeping tips along with information on managing your accounting system. Bookkeeping Essentials is a free resource for your book keeping questions.

article thumbnail

Taxpayer Advocate spotlights problems with IRS assistance

Accounting Today

The Internal Revenue Service isn't doing enough to help victims of identity theft receive their tax refunds, according to a report from National Taxpayer Advocate Erin Collins, and its statistics on answering phone calls are misleading.

Tax 319
article thumbnail

Introducing our 2024 Xerocon London event partners

Xero

Xerocon London is just under a week away on 12 and 13 June, and the ExCeL exhibitor floor will be full to the brim with stands showcasing some of the best and most loved apps, tools and services for accountants, bookkeepers and small businesses. This year, you can expect to see just under 60 exhibitors at the event, including many leading Xero App Store app partners.

AR 190
article thumbnail

The Struggles of Digitizing Bookkeeping Documents and How Overcome Them

LedgerDocs

Digitizing bookkeeping documents has become necessary to keep up with modern business document filing standards, however the journey from paper to pixels can be a challenging one. Here are some common struggles faced during this transition and the LedgerDocs solution: 1. Volume and Variety of Documents The Problem: The sheer volume of invoices, receipts, financial statements and tax forms that need to be scanned, uploaded and filed can make this task overwhelming to start.

article thumbnail

Best Practices to Streamline Compensation Management: A Foundation for Growth

Speaker: Joe Sharpe and James Carlson

Payroll optimization can be one of the most time-consuming and complex factors of small business management. Yet, organizations that crack the code on streamlining employee compensation often discover innovative avenues for growth. With the right strategies in place, outsourcing and streamlining payroll processes can result in substantial time and resource savings.

article thumbnail

2025 ProAdvisor Awards Prep: Traits of a Top ProAdvisor

Insightful Accountant

The 2025 ProAdvisor Awards process will launch earlier than ever, so I can think of nothing to help motivate and prepare you than Matt Fulton's article setting forth the "right stuff" to becoming the 'Best of the Best.

105
105
article thumbnail

Why A Podcast For Entrepreneurs | Beyond the Books Podcast

Accounting Department

We are thrilled to announce that our season 1 finale, Episode 24, of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

article thumbnail

Jun 1, Evaluate Your Book Keeping System

Bookkeeping Essentials

Whether you are just starting out or have been in business awhile, how do you know if your book keeping system is the right one for your business? It’s best to keep it as simple as possible for.

105
105
article thumbnail

Balancing crypto's volatility with fair value accounting principles

Accounting Today

The unpredictable nature of digital assets stands out as both a defining characteristic and a significant challenge for investors and accounting professionals alike.

article thumbnail

7 Essential Criteria for Choosing the Right Payments Partner

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

In this webinar, Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms, will dive into the 7 must-have criteria for evaluating payments partners, helping you maximize both efficiency and the long-term value of your investment. From assessing technology capabilities to leveraging business development opportunities, this session will give you a clear, actionable strategy to select the right partner for scaling your business.

article thumbnail

App partner stories: Keeping the wheels of Australia turning

Xero

This guest blog was written by the team behind transport management app MyTrucking. The powerhouse of regional Australia sits in part with its farming, mining and construction industries. The thousands of communities and family-owned small businesses in these sectors around the country help keep the wheels of Australia turning. One such family-owned business has been on the tools since 2009.

XERO 183
article thumbnail

Why SaaS Companies are Embracing Usage-Based Pricing

Billing Platform

Did you know that 61% of software as a service (SaaS) companies have adopted usage-based pricing (UBP) ? Also known as consumption-based pricing , pay-as-you-go, time/unit-based pricing, pay per transaction, metered billing , and resource-based pricing, UBP enables customers to pay for products or services based on resources consumed. As the rising star of SaaS pricing, usage-based pricing examples are in every industry.

Billing 98
article thumbnail

Enhanced QuickBooks Online Payroll Paycheck Correction Functionality

Insightful Accountant

QuickBooks Online Payroll has enhanced functionality related to correction of, late payment of, and backdated payment of paychecks, with fewer 'time out' blocks and greater self-control by ProAdvisors and their clients.

Payroll 104
article thumbnail

The Best Workplace Mindset  | Beyond the Books Podcast by AccountingDepartment.com

Accounting Department

In this celebratory episode of Beyond the Books, host Andrea Boccard is joined by Amy Harold to discuss the prestigious Inc. Best Workplaces award.

article thumbnail

If It Aint Broke, Don’t Fix It: A Dangerous Mindset

Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be