Accounting Department

DECEMBER 26, 2023

Small and medium-sized businesses (SMBs) are essential to the economy, accounting for more than half of all jobs worldwide. In recent years, several trends have impacted how SMBs operate, and we can expect even more changes to come in 2024. To prepare for the future, businesses must be aware of these shifts and adapt accordingly. In this blog post, we will discuss five SMB trends that we can expect to see in 2024, dealing with AI, customer experience, sustainability, and cybersecurity.

Accounting 223

Accounting Accounting 223

Invoicera

DECEMBER 26, 2023

Introduction Do you know that having the right invoicing software can make a big difference for your business? Nearly 60% of small businesses struggle with late payments. That’s a lot! That’s why it’s essential to pick the right invoicing software. But don’t worry, it’s not complicated. Think about what your business needs.

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Invoicing Billing Invoice Processing Budgeting 98

Accounting Today

DECEMBER 26, 2023

When companies can accurately portray their financial health, it becomes easier for them to establish credibility, build relationships with stakeholders and access capital.

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Financial Reporting Accounting Accounting 243

Nanonets

DECEMBER 25, 2023

In the intricate web of the healthcare ecosystem, claims processing stands as a critical juncture where the efficiency and accuracy of operations profoundly impact patient care, provider satisfaction, and overall system performance. Traditionally, this process has been plagued by manual errors, time-consuming verifications, and a plethora of administrative challenges, prompting the healthcare industry to seek innovative solutions.

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Data Entry Computation Billing Invoicing 59

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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.

Invoicera

DECEMBER 25, 2023

Introduction Efficient financial management in any business stands as a cornerstone of success. Invoicing software is your future-ready solution to make this process automated, error-free, quick & efficient. In the quest for streamlined operations, businesses often face a difficult choice: should they create their own custom invoicing solution or opt for an existing one?

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Invoicing Invoice Processing Billing Financial Operations 98

Accounting Department

DECEMBER 29, 2023

We are thrilled to announce that Episode 9 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

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Insightful Accountant

DECEMBER 27, 2023

One less excuse for Desktop Users when it comes to migrating to QBO. There is now Balance Sheet Budgeting available in QBO Plus and QBO Advanced.

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Budgeting QuickBooks 111

Ace Cloud Hosting

DECEMBER 26, 2023

Tax preparation can be a daunting task, especially for those new to the field. Lacerte Software offers a comprehensive solution that simplifies the process and ensures accuracy and compliance. Lacerte.

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Tax 111

Accounting Department

DECEMBER 28, 2023

Each year, our team gears up to attend events all over the United States that AccountingDepartment.com proudly sponsors. As a proud supporter of Vistage International, Entrepreneurs’ Org, EOS Worldwide, CEO Coaching International, Genius Network, Small Giants Summit, HubZone, Women Presidents’ Organization, and B2B CFO®, our team gets to experience many great events, meet many amazing people, and see our clients from all over.

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Accounting Today

DECEMBER 26, 2023

The Internal Revenue Service is not expected to meet the Treasury Department's goal of scanning millions of returns by the end of the year.

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Tax 334

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.

Collections

Insightful Accountant

DECEMBER 26, 2023

What better time of the year to find out what you are thinking.ProAdvisors are invited to January's "open microphone' edition of QB Talks to tell us what you think about the ProAdvisor Awards, the ProAdvisor Program and recent QB-Desktop news.

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Ace Cloud Hosting

DECEMBER 27, 2023

Discover responses to frequently asked QuickBooks hosting queries from users and additional resources. Are you curious about QuickBooks hosting and wondering if it suits your business? You’re not alone! Explore.

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QuickBooks 105

Bookkeeping Essentials

DECEMBER 23, 2023

Announcement - Transitioning Canadian time sensitive information in 2024 to a new site that will be a Canadian bookkeeping compliance resource.

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Bookkeeping 105

Accounting Today

DECEMBER 27, 2023

Technology developers who serve the accounting profession share the developments they have planned for 2024.

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Accounting Accounting Accounting Software Tax 331

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.

Accounts Payable

Insightful Accountant

DECEMBER 27, 2023

The Bonadio Group's Jennifer Wood takes a deep dive into the benefits of embracing new technology today.

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Accounting Accounting 105

Brigade

DECEMBER 23, 2023

Working with a PEO helps legal firms offer a better benefits package, making your firm attractive to new talent and building a positive work culture.

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Accounting Accounting 86

Accounting Tools

DECEMBER 28, 2023

What is the Long-Term Debt to Equity Ratio? The long-term debt to equity ratio is a method used to determine the leverage that a business has taken on. When the ratio is comparatively high, it implies that a business is at greater risk of bankruptcy , since it may not be able to pay for the interest expense on the debt if its cash flows decline. This is more of a problem in periods when interest rates are increasing, or when the cash flows of a business are subject to a large amount of variation

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Financial Statements 75

Accounting Today

DECEMBER 26, 2023

The bottom state in the ranking received a total score for financial literacy of 51 out of 100.

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Tax 321

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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.

Accounting

Insightful Accountant

DECEMBER 26, 2023

According to the recently released Intuit QuickBooks Entrepreneurship in 2024 Report, nearly a quarter of US consumers are considering starting a new business in 2024.

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QuickBooks 104

Nanonets

DECEMBER 29, 2023

Xero is cloud-based, SaaS accounting software for small business customers located in many countries. The Xero company, founded in 2006, is New Zealand-based. Xero’s software handles accounts payable as a traditional system requiring manual data entry. For Xero accounts payable automation, Xero customers integrate third-party AP automation software.

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Accounts Payable Accounts Payable XERO Data Entry 59

Accounting Tools

DECEMBER 28, 2023

What is a Trial Balance? A trial balance is an accounting report that states the ending balance in each general ledger account. This means that it states the ending balance for each asset, liability, equity, revenue, gain, and loss account in an accounting system. This report is printed as part of the period-ending closing process, as stated in the closing procedure.

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General Ledger Record Keeping Financial Statements Auditing 75

Accounting Today

DECEMBER 27, 2023

The Internal Revenue Service's Exempt Organizations and Government Entities unit has published two new technical guides aimed at nonprofits.

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Tax 317

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.

Payroll

Outsourced Bookeeping

DECEMBER 28, 2023

Why Choose Xero Could Be The Best Choice for your Accounting and Bookkeeping Needs Searching for the best bookkeeping and accounting solution? Presenting Xero, a financial management industry game-changer. Xero stands out as a leader in helping businesses manage complex financial environments because it offers an all-inclusive collection of tools that streamline accounting procedures.

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XERO Bookkeeping Outsourced Bookkeeping Data Entry 59

Insightful Accountant

DECEMBER 28, 2023

We sat down with Tailor to get his thoughts on being a Top 25 Up-N-Coming ProAdvisor, his journey, path to success, and constant evolution to give their clients the best value.

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Accounting Tools

DECEMBER 28, 2023

What are Operating Activities? Operating activities are those functions of a business that are required for it to provide goods and services to its customers. These constitute its core operating activities. Operating activities is also a classification of cash flows within the statement of cash flows. Items classified within this area are an entity’s primary revenue -producing activity, so cash flows are generally associated with revenues and expenses.

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Accounts Receivable Accounts Receivable Account Receivables Collections 75

Accounting Today

DECEMBER 26, 2023

Federal money is keeping construction businesses busy, but comes with its own complications.

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Accounting Accounting 315

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.

Ace Cloud Hosting

DECEMBER 26, 2023

“David vs Goliath” of the Cloud Era The age-old tale of David and Goliath teaches us a lot of lessons. For me, it showcases how David didn’t rely 100% on.

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Accounting Fun

DECEMBER 29, 2023

Assume you didn't know that an ACA is an Associate of the Institute of Chartered Accountants in England and Wales (ICAEW). What would you find out if you looked online? Here is just a selection: The Affordable Care Act ACA), formally known as the Patient Protection and Affordable Care Act (PPACA) and colloquially known as Obamacare, Ambulance Care Assistant - this role involves the transportation of non-emergency patients to and from hospital and clinic appointments.

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Accounting Accounting 53

Accounting Tools

DECEMBER 23, 2023

Why Should You Reconcile Inventory? Businesses may have significant investments in inventory, perhaps covering thousands of items. It is entirely possible that the actual amount you have on hand does not match what is stated in your inventory records - which can be a problem when a customer wants to buy an inventory item that is missing. The best solution is an inventory reconciliation, where you compare your on-hand inventory to your records and adjust the records as necessary.

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Reconciling Record Keeping Auditing Billing 75

Accounting Today

DECEMBER 29, 2023

The Internal Revenue Service and Treasury plan to propose regulations on a requirement for a product identification number, and they're asking for comments ahead of time on the PIN requirement.

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Tax 312

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.

CPA