Sat.Jun 08, 2024 - Fri.Jun 14, 2024

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How accountants and bookkeepers can improve productivity through apps

Xero

What’s your practice doing to keep up with apps and AI? As the business landscape evolves, the accounting industry must adapt to remain competitive and meet the changing needs of clients. We recognise that one key area of focus is the integration of app stacks and artificial intelligence (AI) into accounting practices so as to support future productivity and growth.

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A midyear multistate payroll compliance checklist

Accounting Today

If you have clients with employees in more than one state, they must pay attention to the payroll-related rules and tax responsibilities in the states where those staff live and work.

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Navigating DCAA Accounting: A Comprehensive Guide for Government Contractors

Accounting Department

When it comes to compliance with government regulations, navigating the intricacies and nuances of DCAA accounting is essential for any government contractor. DCAA stands for Defense Contract Audit Agency, a branch of the Department of Defense that is tasked with auditing and evaluating proposal and contract costs for the government.

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2025 ProAdvisor Awards Prep: Traits of a Top ProAdvisor

Insightful Accountant

The 2025 ProAdvisor Awards process will launch earlier than ever, so I can think of nothing to help motivate and prepare you than Matt Fulton's article setting forth the "right stuff" to becoming the 'Best of the Best.

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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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New features announced at Xerocon London

Xero

We’ve just kicked off day one of Xerocon London and I’m buzzing about all the new Xero products and features that we announced this morning! Our vision is to build the most insightful and trusted small business platform. And Xero is making a big investment in the UK as part of its business strategy. If you couldn’t make it to Xerocon, or just need a recap, here are a few of the key announcements about things that are now available or coming soon.

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CTA opens door to new kinds of scams

Accounting Today

The Corporate Transparency Act, ostensibly meant to address scams and other crimes, has ironically opened the door to new kinds of scams directed at small-business owners.

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The Struggles of Digitizing Bookkeeping Documents and How Overcome Them

LedgerDocs

Digitizing bookkeeping documents has become necessary to keep up with modern business document filing standards, however the journey from paper to pixels can be a challenging one. Here are some common struggles faced during this transition and the LedgerDocs solution: 1. Volume and Variety of Documents The Problem: The sheer volume of invoices, receipts, financial statements and tax forms that need to be scanned, uploaded and filed can make this task overwhelming to start.

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That’s a wrap for Xerocon London 2024!

Xero

We’ve just wrapped Xerocon London 2024, and what a magical two days it’s been. Although Xerocon is a chance for us to update everyone about the industry trends we’re seeing, and the new product features we’ve been building, it really is about the people. Bringing our community together and experiencing that magic in person, is priceless. Day two brought more insightful keynotes, breakout sessions and activity from our exhibitors.

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Execs say most companies won't last 10 years with current business model

Accounting Today

A new PricewaterhouseCoopers survey reveals executives think reinventing the business model is essential for companies' survival amid an increasingly risky business environment.

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The Importance of Transparency in Business | Beyond the Books Podcast by AccountingDepartment.com

Accounting Department

Andrea Boccard teams up with Dennis Najjar, co-founder of AccountingDepartment.com, to explore the pivotal role of transparency in business success.

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

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.

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15 Types of QuickBooks Enterprise Reports Your Business Should Look At

Ace Cloud Hosting

Accounting records can tell you a lot about a business, its costs, profitability, and financial position. But those insights are rarely found by looking at transaction-level details. Instead, business owners.

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How GenAI-powered Just Ask Xero will reimagine accounting

Xero

It was so exciting to demonstrate Just Ask Xero (JAX) live in front of an enthusiastic crowd of accountants and bookkeepers at Xerocon London today. We previewed this innovative new product at our Investor Day earlier this year, and we’re really proud to be able to show a live demo only a few short months later. JAX, your smart business companion, available in beta in August this year, will help you and your clients run your businesses more efficiently.

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IMA tries to attract young accountants

Accounting Today

The Institute of Management Accountants held its annual conference this week in San Antonio, Texas, where it discussed ways to attract more people to join the profession.

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Decoding the dilemma: automation vs standardization in Accounts Payable

Cevinio

We explore the essential decision for modern enterprises: what should come first—automation or standardization in Accounts Payable?

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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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Groceries, Gas and QuickBooks - Infalation Continues

Insightful Accountant

Intuit has announced price hikes for QuickBooks Products and Services starting August 1, 2024. These price changes impact a multitude of Online and Desktop products.

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How does productivity in your industry or region stack-up?

Xero

Earlier this year, we shared that we’d be releasing the second part of our Xero Small Business Insights (XSBI) productivity report series. Our latest report, Small business productivity: industry and regional trends , builds on the first report released in April. It takes a deep deep dive into labour productivity at the industry and regional level across Australia, New Zealand, and the UK.

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KPMG initiative helps nonprofits use AI

Accounting Today

KPMG launched its new "AI Impact Initiative," which will focus on helping nonprofits implement AI as well as provide AI training and education for the "workforce of the future.

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Microsoft 365 Home Vs Microsoft 365 Business: Which One Is Better?  

Ace Cloud Hosting

Microsoft 365 is a set of apps and services used by over a million businesses worldwide. It is a cloud-based solution with multiple features that provide a secure and affordable.

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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.

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Assign Custom Roles to QBO-Accountant Team Members for Clients' Books

Insightful Accountant

A new feature rolling out this month allows firms using QBO-Accountant to manage their team member's access to their client's books.

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Jun 8, Form 1099-NEC vc Form 1099-K vs Form 1099-MISC

Bookkeeping Essentials

Explains the IRS Form 1099-NEC vs 1099-MISC vs 1099-K. Understanding the differences, how to file the forms and what the deadlines are.

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Founder Files: Starting a firm by accident

Accounting Today

Keila Hill-Trawick founded her firm, Little Fish Accounting, in 2018 after she started helping her friends with their taxes as a side hustle.

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Negative liability definition

Accounting Tools

What is a Negative Liability? A negative liability typically appears on the balance sheet when a company pays out more than the amount required by a liability. For example, if you were to accidentally pay a supplier's invoice twice, the first payment would reduce the original liability recorded in accounts payable to zero, while the second payment would have no offsetting liability, resulting in a negative liability on the balance sheet.

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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

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

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Royalty Payments

Tipalti

Royalty payments help support the gig economy by ensuring that inventors, creators, artists and other intellectual property owners are compensated appropriately for their work. Learn more.

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Accountant Approved Apps Disappointing

Insightful Accountant

Intuit recently launched something they are calling Accountant Approved Apps; I must say that I was somewhat disappointed by these 'groupings.

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Supreme Court finds life insurance proceeds increase estate value

Accounting Today

A decision backing the surviving shareholder in a family business could have carried major tax implications to succession plans. Instead, SCOTUS backed the IRS.

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Days cash on hand definition

Accounting Tools

What is Days Cash on Hand? Days cash on hand is the number of days that an organization can continue to pay its operating expenses , given the amount of cash available. Managers should be aware of the days cash on hand when a business is starting up, and is not yet generating any cash from sales. It is also worth reviewing during the low part of a seasonal sales cycle, when there may be no sales.

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Solve Your Firm's Automation Complexities Once and For All

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.

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How to Tackle Procure-to-Pay Challenges: Key Strategies for Success?

Outsourced Bookeeping

Are you searching for ways to overcome P2P challenges ? Well, your search ends here! It is essential to note that every business firm faces difficulties with Procure-to-Pay activities. From poor processes in procurement to uncontrolled spending, or supplier relations management, organizations must master the Procure-to-Pay process. In this article, we will explore several important ways to overcome P2P challenges and enhance procurement and payment operations.

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Hitting $800K in Year 1, Building Culture, and more w/ Randy Crabtree

Jetpack Workflow

Podcast Summary In this episode of Growing Your Firm, host David Cristello interviews Randy Crabtree , a top influencer in the accounting industry. Randy, co-founder of Tri-Merit , discusses R&D, tax credits, and cost segregation, sharing insights on the success of his firm. Tune in for a valuable conversation on creating a culture of value and importance in the workplace.

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SEC taps Williams for second term at PCAOB

Accounting Today

The Securities and Exchange Commission has reappointed Erica Williams to another term as chairperson of the Public Company Accounting Oversight Board.

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Proposed Cannabis Rescheduling: Tax Implications and the Need for IRS Guidance

Insightful Accountant

The cannabis industry anticipates a major change with the DEA's expected rescheduling of cannabis from Schedule I to Schedule III. This shift could have significant tax implications for businesses, potentially impacting IRC section 280E.

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Travel and Expense Policy Success: Your Essential Checklist

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.