Sat.Dec 31, 2022 - Fri.Jan 06, 2023

article thumbnail

IRS audit rates declined further in 2022

Accounting Today

Auditing 317
article thumbnail

Here's Your Sign to Outsource in 2023

Accounting Department

Most business owners and managers are busy to the point that they overlook the signs that indicate it is time to outsource bookkeeping and/or accounting projects to outside specialists. Instead of attempting to do everything in-house, trust the bookkeeping services professionals to complete numbers-related projects on your behalf.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Your AP Team Needs Help, But Do You Know Why?

Ascend Software blog

Explore your AP team’s day-to-day to maximize their potential and your enterprise overall According to a survey by Oracle , “strategic CFOs have stated that investing in new financial management technology is one of the most important goals for financial success.

AP 130
article thumbnail

New Year’s Goals. Ditch the Siloes.

SAP Accounts Payable

As we take the time to get back into the swing of things and dig ourselves out of backlogged emails, we reflect on what we were able to accomplish last year while looking forward to our goals for 2023. Did you close that big deal you were hoping for in Q4? Or were you able to hit those last-minute cost savings objectives? Is part of your 2023 goals to improve your internal collaboration across silos?

AP 115
article thumbnail

Forecasting Failures Are Costly: Here's How To Fix Them

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

article thumbnail

Tax strategies to usher in 2023

Accounting Today

Tax 298
article thumbnail

The Financial Close Process Explained

Accounting Department

With 2022 behind us, it's time to start focusing on closing the books for the year and putting 2023's goals in the sights of business owners. Closing the books is a critical business process for many reasons. Doing so leads to the data needed for the creation of financial statements that can guide strategy and decision-making for business owners.

More Trending

article thumbnail

Post Vendor and Customer Invoices Using PaPM’s Remote Function Adapter Finance Accounts Payable and Receivable

SAP Accounts Payable

It’s time to present the next Remote Function Adapters (RFA) delivered by SAP Profitability and Performance Management (PaPM), namely the RFA Finance Accounts Payable (RFA FI-AP) and RFA Finance Accounts Receivable (RFA FI-AR). These RFAs, along with other functions provided by PaPM, such as allocations, calculations, joins, can facilitate various business processes of calculating values and immediately booking them as for instance Accounts Payable and Receivable.

article thumbnail

IRS refunded $14.8B for unemployment compensation exclusion

Accounting Today

Tax 279
article thumbnail

Changes to Lease Accounting Rules (ASC 842)

SMB Accounting and Consulting

New rules are going into effect for lease accounting which may change how small businesses who follow Generally Accepted Accounting Principles (GAAP) think about and reporting leases. Under the old rules, financial reporting requirements were determined based on whether a contract was considered a capital or operating lease. Capital leases were leases of equipment or large assets.

article thumbnail

The Year Ahead

Insightful Accountant

Canopy's Tax Resolution Subject Matter Expert Jason Penninger provides his thoughts on what the accounting profession might expect to see in 2023.

Tax 104
article thumbnail

Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

article thumbnail

What Is Kubernetes HPA? A Guide To Pod Autoscaling In K8s

CloudZero

It's hard to predict the precise amount of resources a new Kubernetes workload requires for optimal performance. And, as your workload evolves, that initial resource consumption will also change. Fortunately, Kubernetes supports scalability by default.

98
article thumbnail

IRS updates guidance on R&D expensing after Congress fails to delay change

Accounting Today

Tax 279
article thumbnail

Losing Accountants? Here's How to Help Your Accounting Team

Enterprise Recovery: Accounts Receivable

The Wall Street Journal is reporting that the number of accountants and university students that are studying accounting is falling. The long hours, especially during tax season, are turning off young recruits. Enterprise corporations are offering college credits and higher pay to entice more people into the field. Let's evaluate what accountants do at your business and what to do when your accounting team is dwindling.

article thumbnail

4 Ways to Future-Proof the Finance Team

MineralTree

The Current State of Finance. There’s no debating that the COVID-19 pandemic has shifted how companies operate. Faced with staff cuts, the Great Resignation, and supply chain issues, executive teams must now carefully strategize how to propel their companies in the right direction. So where are they setting their focus in the new year? According to data from Gartner , the top three most difficult tasks for CFOs to manage in 2023 include: hiring and retaining staff (54%); forecasting (36%); and c

AP 55
article thumbnail

Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.

article thumbnail

The 7 Best FinOps Blogs, Books, And Other Resources

CloudZero

There are almost as many reasons for learning FinOps practices as there are resources available to learn from.

FinOps 98
article thumbnail

Audit committees eyeing new rules from the SEC and PCAOB

Accounting Today

Auditing 264
article thumbnail

Getting Ready for Increased Business Travel with a New Expense Management System

NextProcess

All companies need methods for handling reimbursement of employee expenses. For small companies, this is typically a simple system. Employees save their receipts, and the business issues a payment. As a company grows, though, managing expenses becomes more complicated. For organizations with hundreds or thousands of employees, it’s nearly impossible to process all the expense reports using a manual, paper-based system.

article thumbnail

How to Build A Six-Figure Firm On Instagram

Earmark Accounting Podcast

Thanks to our sponsor, Accountests for making this episode possible! To learn more about Accountests, visit: [link] Sign up to get free CPE for listening to this podcast [link] Download the Earmark CPE App Apple: [link] Android: [link] Connect with Our Guest, Sandra York LinkedIn: [link] Follow Sandi on Instagram: [link] Learn more about Fit Money Coach Website: [link] Connect with Blake Oliver, CPA LinkedIn: [link] Twitter: [link] Sandra York, CPA, burned out as a senior manager at a Top 100

CPA 52
article thumbnail

How To Break Digital Transformation Barriers And Accelerate AI Adoption

Speaker: Anna Tiomina, MBA

AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?

article thumbnail

Amazon Sagemaker Pricing Explained: A Guide For 2023

CloudZero

Amazon SageMaker makes it easy to prepare data for machine learning (ML) and then train, deploy, and modify ML models. SageMaker is a fully managed service that automates much of the ML lifecycle. So, if you want a single partner to help you through all stages of your Artificial Intelligence (AI) lifecycle, SageMaker might be the answer.

59
article thumbnail

Art of Accounting: Nine predictions for the future

Accounting Today

article thumbnail

6 Ways to Improve Tight Margins in Your Restaurant

SLC Bookkeeping

With the past two years of Covid behind us, we would all hope to start seeing great margins come back. However, even in a post-Covid time, there are still a lot of things that are jeopardizing those margins. Things like higher food costs, supply problems, and consumer behaviors have changed. Restaurant owners now see trends of even tighter margins in the industry.

article thumbnail

The 7-Step Pathway to Reducing Your Workload

Future Firm

You may be starting an accounting firm and unsure how to build it without burning yourself out, or you may have a 6- or 7-figure firm where you’re working too much. I’ll share a 7-step path you can follow to significantly minimize your workload. Listen Below. 1:17 – The goal of each step will be to better systematize your business and/or significantly shield your time from areas that you should not be involved in. 2:00 – Step 1 in the pathway to reduce your workload is to

article thumbnail

The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

article thumbnail

Why can't accountants work 40-hour weeks?

Blake Oliver

Me: "Why can't accountants work 40-hour weeks?" Grizzled Director/Partner: "Because accounting is deadline-driven. Unless you change the deadlines, you can't change the busy season." That's the number one argument I hear against the 40-hour week for accountants. Maybe that was true in the past, but it isn't true today. There's tech your firm can buy TODAY that will cut your workload by 20% or more.

article thumbnail

The economic forecast for accountants

Accounting Today

article thumbnail

Jan 4, IRS News For U.S. Work From Home Business Owners

Bookkeeping Essentials

IRS news and other information that would be of interest to U.S. business owners who do their own bookkeeping or work from home bookkeepers. News on 2023 COLA & FICA.

article thumbnail

How to Choose the Right Accounting Software for Your Needs

Counto

How to Choose the Right Accounting Software for Your Needs Starting and running a small business can be daunting. Accounting software, in conjunction with key accounting practices , can help you manage financial data and ensure that your company runs smoothly and efficiently. There is many accounting software for small businesses in Singapore. However, knowing which to choose can be challenging.

article thumbnail

Maximizing Profit and Productivity: The New Era of AI-Powered Accounting

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

article thumbnail

Ron Baker: Audits are Useless

Blake Oliver

Audit is "completely irrelevant" and "useless." That’s according to accounting thought leader, Ron Baker. As you can tell from the clip above, Ron's not too impressed with the audit these days. Ron Baker joined me and David Leary on the Cloud Accounting Podcast to talk about crypto and the role of auditors in protecting investors and the public. Ron's got a point— The latest Public Company Accounting Oversight Board (PCAOB) inspection of 2021 audits found that 55% of audits are defective — and O

article thumbnail

Tax havens obscured at least $1.4T of foreign investment in China

Accounting Today

Tax 246
article thumbnail

Jan 4, 5 Tips for Business Owners Looking to Organize Their Books

Bookkeeping Essentials

What will your New Year's resolution be?

52
article thumbnail

How to Choose the Right Accounting Software for Your Needs

Counto

How to Choose the Right Accounting Software for Your Needs Starting and running a small business can be daunting. Accounting software, in conjunction with key accounting practices , can help you manage financial data and ensure that your company runs smoothly and efficiently. There is many accounting software for small businesses in Singapore. However, knowing which to choose can be challenging.

article thumbnail

Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.