Accounting Department
FEBRUARY 14, 2024
In the fast-paced world of manufacturing, where efficiency and innovation reign, understanding and managing costs are paramount to success. Cost management isn't a mere back-office function; it's what ensures your products remain competitive, your operations sustainable, and your company profitable.
Accounting Today
FEBRUARY 16, 2024
The Internal Revenue Service would be able to implement changes to the Child Tax Credit within weeks, IRS Commissioner Danny Werfel told Congress, and send out tax refunds promptly.
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Insightful Accountant
FEBRUARY 16, 2024
Financial Cents is excited to announce the release of the 2024 State of Accounting Workflow Automation Report. This second edition study explores the experiences and challenges faced by accounting, bookkeeping, and tax firm owners.
Plooto
FEBRUARY 14, 2024
As a CFO, watching your business evolve and grow is an incredibly rewarding experience, but it also presents new challenges to overcome to keep that growth sustainable in the future. What worked for you and your finance team up to this point may not be enough to manage the complexities that come with continued growth. Your own role will also evolve as priorities shift and your responsibilities change with the nature, and scale of the business.
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
Accounting Department
FEBRUARY 15, 2024
For a business, becoming a government contractor can open doors to a sea of lucrative opportunities – but these waters run deep with regulations, especially those set by the Defense Contract Audit Agency (DCAA). A critical cog in the machinery that is the U.S. Department of Defense (DoD), DCAA ensures that taxpayer dollars are used efficiently and effectively in the acquisition of defense-related goods and services.
Accounting Today
FEBRUARY 12, 2024
The tax extenders legislation is still tied up in the Senate after being passed in the House as senators are still seeking changes in some of the provisions, such as the expanded Child Tax Credit.
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Accounting Tools
FEBRUARY 13, 2024
What is the Sales Journal Entry? A sales journal entry records the revenue generated by the sale of goods or services. This journal entry needs to record three events, which are the recordation of a sale , the recordation of a reduction in the inventory that has been sold to the customer, and the recordation of a sales tax liability. The content of the entry differs, depending on whether the customer paid with cash or was extended credit.
Counto
FEBRUARY 15, 2024
Why Working Capital is Super Necessary to Your Business In business, understanding the fundamentals of working capital is crucial. It serves as the backbone of your financial operations, dictating your ability to navigate day-to-day expenses and seize growth opportunities. What is Working Capital? Working capital is the difference between your company’s current assets and liabilities.
Accounting Today
FEBRUARY 14, 2024
Leaving Washington state, which in 2022 introduced a 7% tax on capital gains, could have saved Bezos $288 million in taxes after he unloaded $4 billion of Amazon.com stock in the past week.
Insightful Accountant
FEBRUARY 14, 2024
NetSuite has been named a Leader in the IDC MarketScape: Worldwide SaaS and Cloud-Enabled Mid-market Finance and Accounting Applications 2023–2024 Vendor Assessment.
Speaker: Amanda Adams, Fractional CFO, CPA
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, 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.
Plooto
FEBRUARY 15, 2024
What is accounts receivable and accounts payable? Find out why having good control over both is crucial for your business to have a smooth cash flow.
Reconciled Solutions
FEBRUARY 14, 2024
It's simple to create an estimate in QuickBooks Online and convert it to an invoice. Find out how it works. The post The Life of an Estimate in QuickBooks Online appeared first on Reconciled Solutions.
Accounting Today
FEBRUARY 12, 2024
Hundreds of Internal Revenue Service employees and contractors continued to have access to at least one sensitive IRS computer system even after they stopped working there.
Insightful Accountant
FEBRUARY 14, 2024
Once again, Murph will be covering Sage Transform, the annual conference for the Sage Intacct community. This year, Sage Transform is being held in Las Vegas at the MGM Grand.
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.
Nolan Accounting Center
FEBRUARY 15, 2024
As renowned investor Warren Buffet has stated, “Accounting is the language of business.” Thus, it is critical for business leaders to get the “language” right. That includes properly and accurately recording, reporting, and acting on an organization’s financial statements, including a focus on assets and liabilities, including contingent liabilities.
1st Step Accounting
FEBRUARY 11, 2024
In my firm, I try my best to keep things efficient and streamlined. One way we do this is to create templates for as many things as possible. Things like emails, tasks for our monthly projects and that also includes chart of account lists for the different types of clients we serve. Being in business over 15 years now, I’ve had to set up numerous clients in QuickBooks Online and I’ve found having COA templates for industry and entity types is one of my biggest time savers.
Accounting Today
FEBRUARY 15, 2024
Whether they're enthusiastic or terrified, tax practitioners are anything but indifferent to the rise of artificial intelligence.
Insightful Accountant
FEBRUARY 13, 2024
Based on the latest Intuit QuickBooks Small Business Index, employment for small businesses with one to nine employees decreased by 14,800 jobs in January, 2024.
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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.
MineralTree
FEBRUARY 15, 2024
Is your accounts payable (AP) check run holding your business back? The AP check run remains a pain point for many finance departments who rely on manual processes and outdated solutions to manage AP — in turn, causing check run delays and hiccups. This blog explores the intricacies of the AP check run and actionable tips to fortify your financial processes.
Ace Cloud Hosting
FEBRUARY 11, 2024
Tax professionals face challenges with traditional hosting methods for Drake Tax Software. Limited accessibility, security concerns, and scalability issues hinder efficiency. However, cloud hosting offers a solution.
Accounting Today
FEBRUARY 15, 2024
New technology systems and the addition of cryptocurrency on tax forms are just some of the IRS developments to watch in 2024.
Insightful Accountant
FEBRUARY 11, 2024
Several versions of QuickBooks Desktop will stop being sold to U.S. 'new subscribers' after July 31, 2024.
Speaker: David Warren and Kevin O’Neill Stoll
Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng
Accounting Tools
FEBRUARY 16, 2024
What are Profitability Ratios? Profitability ratios are a set of measurements used to determine the ability of a business to create earnings. These ratios are considered to be favorable when they improve over a trend line or are comparatively better than the results of competitors. Profitability ratios are derived from a comparison of revenues to difference groupings of expenses within the income statement.
IMA's Count Me
FEBRUARY 11, 2024
Join host Adam Larson as he sits down with distinguished guest Norman Strauss in the latest episode of the Count Me In. Listen as they share engaging stories and insights from Strauss's 60-year career in accounting. From the challenges of embracing technological changes to his pivotal role in standard-setting committees, Strauss reveals the highs and lows of a lifelong journey in the accounting profession.
Accounting Today
FEBRUARY 13, 2024
The Washington National Tax Office of Grant Thornton points out the most important state and local tax developments to keep an eye out for.
Outsourced Bookeeping
FEBRUARY 15, 2024
For both business owners and Certified Public Accountants (CPAs) in the United States, the annual tax return season is a critical and challenging period. Business owners must comprehend the intricate details of tax obligations to ensure compliance with the ever-evolving tax code and optimize financial outcomes. Simultaneously, CPAs help in tax and accounting services as they navigate through complex tax codes and regulations to ensure their clients comply with the law while maximizing returns.
Speaker: Mark Stovel
When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.
Accounting Tools
FEBRUARY 13, 2024
What is Opportunity Cost? Opportunity cost is the profit lost when one alternative is selected over another. The concept is useful simply as a reminder to examine all reasonable alternatives before making a decision. For example, you have $1,000,000 and choose to invest it in a product line that will generate a return of 5%. If you could have spent the money on a different investment that would have generated a return of 7%, then the 2% difference between the two alternatives is the foregone opp
Jetpack Workflow
FEBRUARY 14, 2024
Podcast In this insightful episode of Growing Your Firm, host David Cristello, founder and CEO of Jetpack Workflow, welcomes Tammy D. Little , CEO and founder of the FTC Group. The discussion centers around Tammy’s journey from working as a controller/CFO for a large construction firm to launching her own firm, the FTC Group. Tammy shares her experiences in creating effective systems and processes for her business, as well as her strategies for team resourcing that includes both onshore a
Accounting Today
FEBRUARY 15, 2024
The existing guidance directs public companies, including banks, to count crypto they custody as liabilities on their corporate balance sheets.
Economize
FEBRUARY 16, 2024
Amazon Simple Storage Service (S3) is a storage service from AWS that can store and retrieve large volumes of data. It is a secure and scalable storage service that stores data as objects. It allows users to store and retrieve virtually unlimited amounts of data over the internet.
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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.
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