Accounting Today

JULY 15, 2024

The Internal Revenue Service could be doing a better job of cracking down on tax noncompliance by users of virtual currency or digital assets, according to a new report.

Tax 342

Tax 342

Accounting Department

JULY 16, 2024

Growing a business is a multifaceted challenge that requires careful financial management. For many business owners, juggling daily operations while keeping track of finances is daunting. Enter Client Accounting Services (CAS), a crucial element for business growth that improves financial accuracy, reduces costs, and offers expert financial guidance.

Accounting 278

Accounting Accounting Bookkeeping Services Bookkeeping 278

Fidesic blog

JULY 19, 2024

We had a blast at Summit Roadshow on Wed. If you missed our live recap yesterday we'll be sharing highlights form it here over the next couple of weeks, starting with Jim Bertler's session Dynamics GP.

AP 130

AP Accounting Accounting 130

accountingfly

JULY 18, 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 accounting candidates with no upfront cost. These are just a few of our top remote accounting candidates this week. Sign up now to receive the full list of top accounting candidates available weekly!

CPA 121

CPA Accounting Accounting AR 121

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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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.

Budgeting

Accounting Today

JULY 18, 2024

The top state takes in $7,200 in tax per capita.

Collections 344

Collections Tax 344

Accounting Department

JULY 18, 2024

Summer can be a challenging time for many businesses, with sales often dipping as customers take vacations and routines shift. But a slowdown doesn't have to mean a cash flow crisis.

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276

Ace Cloud Hosting

JULY 18, 2024

One of a business’s most frequently overlooked elements is its order management. Companies must coordinate the entire process, from when customers place orders until they receive their product or service.

QuickBooks 105

QuickBooks 105

Accounting Today

JULY 18, 2024

The Treasury Department and the Internal Revenue Service issued final regulations Thursday to update the rules for required minimum distributions.

Tax 336

Tax 336

Insightful Accountant

JULY 18, 2024

If you are a ProAdvisor, Consultant, or Accountant wanting to support construction businesses as they digitally transition, you won’t want to miss this survey, which will provide valuable insights into the industry.

Accounting 105

Accounting Accounting 105

Fidesic blog

JULY 18, 2024

Seldom used features in Dynamics GP! Keeping GP fresh with tricks you might not know.

AP 130

AP Accounting Accounting 130

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

AP

Ace Cloud Hosting

JULY 17, 2024

Lacerte is one of the most popular and reputable tax preparation and filing software for small—to medium-sized businesses. It offers robust features that allow tax professionals to reduce manual work.

Tax 105

Tax 105

Accounting Today

JULY 16, 2024

Accounting firms and vendors alike have stressed the importance of having a "human in the loop" to oversee AI. Just who are these humans and what do they do?

Accounting 336

Accounting Accounting 336

Accounting Tools

JULY 19, 2024

What are Traceable Costs? A traceable cost is a cost for which there is a direct, cause-and-effect relationship with a process, product, customer , geographical area, or other cost object. If the cost object goes away, then the traceable cost associated with it should also disappear. A traceable cost is important, because it is an expense that you can reliably assign to a cost object when constructing an income statement showing the financial results of that cost object.

Cost Accounting 98

Cost Accounting Accounting Accounting 98

Insightful Accountant

JULY 16, 2024

The potential expiration of key provisions of the Tax Cuts and Jobs Act (TCJA) at the end of 2025 is a critical issue that requires careful attention and proactive planning, and Section 199A is no exception.

Tax 98

Tax 98

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Accounting

Billing Platform

JULY 15, 2024

Also referred to as yield management, revenue management can be described in extremely simplistic terms ( selling the right product, to the right customer, at the right price, through the right channel ) or defined in a more complex manner. Brought mainstream by industries like hospitality and airlines, revenue management is a discipline that combines data mining, analytics, and operations research to understand customer behavior.

Customer Service 96

Customer Service General Ledger Billing Invoicing 96

Accounting Today

JULY 16, 2024

Accounting is an industry wedded to traditional techniques, so leveraging new technology will require a cultural shift within the organization.

Accounting 334

Accounting Accounting Accounting Software 334

Accounting Tools

JULY 14, 2024

What are Pro Forma Financial Statements? Pro forma financial statements are financial reports issued by an entity, using assumptions or hypothetical conditions about events that may have occurred in the past or which may occur in the future. These statements are used to present a view of corporate results to outsiders, perhaps as part of an investment or lending proposal.

Financial Statements 98

Financial Statements Financial Reporting Budgeting Accounting 98

Insightful Accountant

JULY 17, 2024

Ben Richmond, the Managing Director of Xero for North America, gives valuable insights into accounting firms providing 'Fractional CFO' services.

XERO 98

XERO Accounting Accounting 98

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?

Gaviti

JULY 18, 2024

There are two main types of cash flow forecasting: short term and long term. Short-term forecasting predicts the company’s cash flow for under 12 months, while long-term forecasting looks beyond twelve months. Financial professionals often agonize over which one to use, but most organizations need both. What is Short-Term Cash Forecasting? Short-term forecasting looks at the cash inflows and outflows over a shorter period.

Invoicing 95

Invoicing Accounts Receivable Accounts Receivable Account Receivables 95

Accounting Today

JULY 16, 2024

The Big Four firm netted the most new SEC audit clients in the first quarter, followed closely by Deloitte.

Auditing 331

Auditing 331

Accounting Tools

JULY 19, 2024

What is the Purpose of Depreciation? The purpose of depreciation is to match the expense recognition for an asset to the revenue generated by that asset. This is called the matching principle , where revenues and expenses both appear in the income statement in the same reporting period , thereby giving the best view of how well a company has performed in a given reporting period.

Auditing 98

Auditing Tax Accounting Accounting 98

Nolan Accounting Center

JULY 15, 2024

As a small business owner, you should want to improve your business operations. Indeed, every business owner should recognize that improving operating efficiency must be an ongoing endeavor. As American editor and publisher Clarence W. Barron stated, “Everything can be improved.” More pointedly, Japanese consultant Masaaki Imai said, “Not a day should go by without some kind of improvement made somewhere in the company.

Customer Service 81

Customer Service Payroll Collections Budgeting 81

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

Accounting

Reconciled Solutions

JULY 18, 2024

Learn more about the Augusta Rule, a legal way to increase tax deductible business expenses and personal income without paying more in taxes. The post The Augusta Rule: What is it and how can it help me improve my tax-saving strategies? appeared first on Reconciled Solutions.

Reconciling 80

Reconciling Tax 80

Accounting Today

JULY 18, 2024

The RSM network made five strategic acquisitions in Europe, including specialist audit and consulting firms in Austria, Denmark and France, plus a prestigious law firm in Spain.

Auditing 328

Auditing Accounting Accounting 328

Enterprise Recovery: Accounts Receivable

JULY 15, 2024

Retention marketing is the practice of implementing strategies and techniques to keep existing clients engaged and loyal to your business. While acquiring new customers is important, retaining existing ones is more valuable for the long-term success of your business. By focusing on client retention, you can build strong relationships, increase customer satisfaction, and ultimately drive revenue growth.

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Accounting Tools

JULY 17, 2024

What is Continuing Professional Education? Continuing professional education (CPE) is ongoing training that is required in order to remain certified as a professional in certain fields. The intent behind requiring this training is to force professionals to continue to update their knowledge of pertinent information that can improve their ability to serve their clients.

CPA 75

CPA Auditing Accounting Accounting 75

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

Accounting

Reconciled Solutions

JULY 18, 2024

Creating a budget that actually works can be tough. Use QuickBooks Online’s setup tools and these tips for more effective budgeting. The post Having Trouble Budgeting? QuickBooks Online Can Help appeared first on Reconciled Solutions.

Budgeting 63

Budgeting QuickBooks Reconciling Bookkeeping 63

Accounting Today

JULY 15, 2024

The IRS warned about bad advice that's being peddled on social media promoting a bogus "Self Employment Tax Credit" and prompting unsuspecting taxpayers to file false claims for the credit.

Tax 325

Tax 325

Jetpack Workflow

JULY 18, 2024

Podcast Summary On this episode of Growing Your Firm, host David Cristello welcomes Cory Gayman, CPA , the CEO/CFO/Founder of JCG Tax & Advisory Firm. Cory shares insights on establishing common ground with entrepreneurs, addressing the accounting talent shortage, improving accounting efficiencies, and navigating the world of virtual firms. Tune in for valuable tips from a firm owner in the trenches.

CPA 59

CPA Accounting Accounting Tax 59

Accounting Tools

JULY 17, 2024

What is Investment Property? Investment property is property that an entity holds to earn rental income and/or capital appreciation. It generates cash flows mostly independently of other assets held by an entity. It is not property that an entity uses to supply goods or services, nor is it used for administrative purposes. Examples of Investment Property There are many examples of investment property, including the following: Farmland Forest land Commercial properties held for rent or appreciati

Accounting 75

Accounting Accounting 75

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Account Reconciliation