Sat.Aug 10, 2024 - Fri.Aug 16, 2024

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7 Best Billing Software for Accountants

Ace Cloud Hosting

Billing software has become a necessity and around 58% of accountants use accounting software to meet their client’s needs. The accounting profession is rapidly evolving, and staying in a competitive.

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PCAOB sees audit deficiencies leveling off at largest firms, but problems remain

Accounting Today

The timing came months before the reports have been released in recent years thanks to ongoing efforts to accelerate the release of reports.

Auditing 334
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Boosting Your Bottom Line with Financial Forecasting

Accounting Department

In today's competitive landscape, small and medium-sized businesses (SMBs) need every advantage they can get to thrive and grow. One powerful tool that can significantly impact a company's bottom line is forecasting.

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How Suitcase Records is spinning sustainability with Xero’s Beautiful Business Fund

Xero

“We believe that Australian music is a vital part of life and we want to help musicians make a living from their craft,” shared Kathy Wilson, co-founder of Suitcase Records. The family-run business operates out of Brisbane, Australia, and aims to support local musicians by providing a more sustainable PVC compound to produce high-quality vinyl records.

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Breaking Ground on Better Payment Processes: Strategies for Construction Pros

Speaker: Timothy Allsopp

Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.

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Where We're Going - Fidesic In-Person Event Schedule

Fidesic blog

2024 has been the year of in-person events over here at Fidesic. We have been going to a lot more meetups and smaller conferences this year.

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City and local sales taxes spike

Accounting Today

A new study reveals increases in both local and new tax rates across the country, highlighting an urgent need for revenue at the municipal level.

Tax 331

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New insights into how consumers are making payments

Xero

The way we pay for products and services is changing faster than ever, and as a small business owner it’s important to keep up with these shifts to meet customer expectations. As payment trends evolve, you need to have all the facts so that you can get paid as fast as possible. So we asked consumers, ‘How do you want to pay?’ and delved into what options small businesses were offering today as well as the administrative challenges of paying suppliers.

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Where We're Going - Fidesic In-Person Event Schedule

Fidesic blog

2024 has been the year of in-person events over here at Fidesic. We have been going to a lot more meetups and smaller conferences this year.

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IRS updates information security plan for tax pros

Accounting Today

A new template for a 'Written Information Security Plan' is available for practitioners to meet their mandate.

Tax 331
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Business combination definition

Accounting Tools

What is a Business Combination? A business combination is a transaction in which the acquirer obtains control of another business (the acquiree ). Business combinations are a common way for companies to grow in size, rather than growing through organic (internal) activities. Combinations can be used to rapidly acquire market share, fill out product lines , and gain access to new markets.

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The Growth Architect: How Financial Leaders are Unlocking Potential

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

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QuickBooks Online Now Offers Shipping

Insightful Accountant

Murph takes you step-by-step through configuring the new QBO shipping feature, setting up your ShipEngine account, and processing your first shipment.

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Freelancer Staffing Solves Accounting Firm Challenges

accountingfly

“You can’t win the race for talent without hiring freelancers.” Is your accounting firm struggling to find the right talent? Freelancer staffing might be the solution you’ve been missing. In the latest episode of the Accounting Talent Podcast , Rob Brown sits down with Jeff Phillips, CEO of Accountingfly, to explore the growing impact of freelancer staffing in the accounting industry.

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"The Accountant 2" books release date

Accounting Today

The Ben Affleck-starring sequel will continue the saga of lethal and brilliant small-town CPA Christian Wolff.

CPA 328
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5 Tips for Managing Inventory in QuickBooks Online

Reconciled Solutions

Running out of products? Stocking too many? Here's how managing inventory in QuickBooks Online can help solve both problems. The post 5 Tips for Managing Inventory in QuickBooks Online appeared first on Reconciled Solutions.

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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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Fair value accounting

Accounting Tools

How to Account for Fair Value Fair value accounting uses current market values as the basis for recognizing certain assets and liabilities. Fair value is the estimated price at which an asset can be sold or a liability settled in an orderly transaction to a third party under current market conditions. This definition includes the concepts noted below: Current market conditions.

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Hiring Update: August 2024 | Freelance and DIY Recruiting

accountingfly

Sharing our perspective on the latest trends impacting talent acquisition in the accounting industry – Freelance Recruitment 2.0, Salary Trends, and DIY Recruiting. All content is 100% written by the real humans working here at Accountingfly. Market Trends: Accounting Salary Trends 2019-2023 – Equity Partners Win; When to Reconsider DIY Recruiting; RTO Salary Math Goes Viral 5 Year Accounting Salary Trends: Partners Win; Staff Lose (?!

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MBA edges out CPA for CFO candidates

Accounting Today

The CPA certification is the third-most valued credential for CFO roles, according to a report by the Pennsylvania Institute of CPAs.

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13 Signs Your Small Business is Doing Well

Nolan Accounting Center

Every entrepreneur wants to say his/her business is doing well. However, starting and running a company is not easy. As reported by the Bureau of Labor Statistics, about 20% of small businesses fail within their first year , with 50% failing by the fifth year, and 70% by the tenth year. When a small business is doing well, it is no small accomplishment!

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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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The purpose of a bank reconciliation

Accounting Tools

What is a Bank Reconciliation? A bank reconciliation is used to compare your records to those of your bank, to see if there are any differences between these two sets of records for your cash transactions. The ending balance of your version of the cash records is known as the book balance , while the bank's version is called the bank balance. Why Conduct a Bank Reconciliation?

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The Top 5 Canadian Tax Deductions Small Businesses Often Miss (and How Accountants and Bookkeepers Can Help Capture Every Receipt)

LedgerDocs

As an accountant or bookkeeper, you know how common it is for a small business owner to miss out on valuable tax deductions simply because they fail to keep track of all their receipts. Here’s a rundown of the top five Canadian tax deductions that small businesses often overlook and how you as their bookkeeper can help them preplan to ensure every receipt is captured and every deduction is claimed. 1.

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IRS reopens Voluntary Disclosure Program to fix $1B in ERC claims

Accounting Today

The Internal Revenue Service is reopening the Voluntary Disclosure Program for a limited time to allow businesses to fix incorrect Employee Retention Credit claims without penalties or interest.

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How Outsourcing Bookkeeping Help You Scale Our Business – A Real-Life Example

Outsourced Bookeeping

In any industry, quality and quantity often seem to be mutually exclusive, and accounting and bookkeeping are no exception. An accounting firm that is known for its accurate and effective accounting services may find it hard to scale its operations for fear of the potential loss of quality. Accounting firms looking to expand their operations often struggle to maintain the right quality of work due to a lack of expertise, difficulties in hiring the right personnel, and, most importantly, the ever

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

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & 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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Business valuation formula

Accounting Tools

How to Value a Business There are several standard methods used to derive the value of a business. When calculated, each one will likely result in a different valuation, so an owner wanting to sell a business should use every formula and then decide what price to use. The valuation methods are noted below. There is no perfect valuation formula. Each one has issues, so the buyer and seller can be expected to argue over the real value of the entity.

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AICPA Says Supreme Court Decisions to Have Major Tax Impacts

Insightful Accountant

Recent Supreme Court decisions have sent shockwaves through the accounting profession, particularly in the realm of tax law. These changes introduce a level of uncertainty that may make many tax professionals uncomfortable.

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Accountants bearish, mostly

Accounting Today

Accountants are generally pessimistic about the economy as a whole, but feel much more confident when it comes to their own firm and clients.

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The Future of Bookkeeping: Trends and Technologies Small Businesses Should Embrace

Less Accounting

In the ever-evolving landscape of business operations, bookkeeping stands as a fundamental pillar for small businesses. As technology continues to advance and market dynamics shift, the role of bookkeeping is undergoing a transformation. In this article, we’ll explore the emerging trends and technologies shaping the future of bookkeeping and why small businesses should embrace them.

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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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Users of financial statements

Accounting Tools

Who are the Users of Financial Statements? There are many users of the financial statements produced by an organization. The following list identifies the more common users and the reasons why they need this information. In short, there are many possible users of financial statements, all having different reasons for wanting access to this information.

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How to Set up AWS Billing Alerts to Monitor Your Cloud Cost

Economize

Importance of Monitoring AWS Costs Cost monitoring is fundamental for ensuring that your operations remain within budget while avoiding unexpected costs. This involves routine checks and analyses to align cloud spending with strategic business objectives, which aids in better financial and operational efficiency.

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Post-Debby tax relief expands to all Vermont

Accounting Today

Everyone in the state who was affected by the storm now has until Feb. 3 to file and pay.

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Choosing the Best AI-Powered Solution for Your Finance Team?

Oversight

Oversight has 20 years of experience developing and implementing A.I. solutions for finance professionals.

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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.