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.
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Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.
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 15, 2024
Whether they're enthusiastic or terrified, tax practitioners are anything but indifferent to the rise of artificial intelligence.
Financial Ops World brings together the best financial operations content from the widest variety of thought leaders.
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.
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.
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: Susan Richards
Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.
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.
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
But the more you automate, the more human you have to be.
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: Danny Gassaway and Wayne Richards
Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.
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.
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
With so many options on the table, firms need advice on what to do if they want to remain independent.
Insightful Accountant
FEBRUARY 15, 2024
Clockwork is a financial analytics and planning app that works with QuickBooks Online, Xero and QuickBooks Desktop. If you need more financial metrics and forecasting than your General Ledger can provide, check out this article.
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It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.
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 12, 2024
QuickBooks is excellent accounting software designed for small-to-medium-sized businesses.
Accounting Today
FEBRUARY 13, 2024
While passage in the Senate is uncertain, many of the changes could impact 2023 tax returns.
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: Jennifer Hill
Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.
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.
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 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.
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.
Speaker: Sierre Lindgren
Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.
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
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.
Accounting Today
FEBRUARY 15, 2024
Not a lot of Latitude; the cupboards are bare; lots of energy; and other highlights of recent tax cases.
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: Debra L. Robinson
CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.
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