Sat.Apr 13, 2024 - Fri.Apr 19, 2024

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So… what is carbon accounting?

Xero

Understanding the environmental impact of your business is critical in today’s business environment — and carbon accounting is a fundamental step in this process. With carbon accounting increasingly becoming another compliance measure mandated by regulators, businesses of all types and sizes need to get their emissions numbers in order. This is particularly true if you’re a small business that provides goods and services to a larger organisation.

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Commitment to DEI is a leadership imperative

Accounting Today

Diverse teams and inclusive work environments produce better results.

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The ADC Team Attends the 2024 EOS Conference

Accounting Department

Last week, the AccountingDepartment.com team attended the 2024 Entrepreneurial Operating System (EOS) Conference in San Diego, CA.

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8 Accounts Payable Trends to Watch

Cevinio

How AI and RPA Are Transforming Accounts Payable Processes in the Year Ahead Introducing Our Whitepaper: “8 Accounts Payable Trends to Watch” In the dynamic landscape of financial operations, staying ahead means understanding the evolving trends shaping the future of Accounts Payable (AP). Our latest whitepaper delves into “8 Accounts Payable Trends to Watch: How AI and Robotics Are Transforming Accounts Payable Processes in the Year Ahead.” As businesses navigate through

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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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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.

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Google Increases Speed, Granularity of Cost Data and Curates Approach to Anomaly Management

FinOps Foundation

Key Insight: Fast cost data can mean more frequent Data Ingestion , which leads to faster decision-making ability in a FinOps practice. Helpful Anomaly Management means less noise and more news; Some vendors take a curated approach and surface fewer anomalies, while others deliver more alerts and allow you to dial down as needed. At Google Next ‘24, Google Cloud announced several new FinOps features.

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IRS unveils draft Form 1099-DA for crypto reporting

Accounting Today

The Internal Revenue Service previewed a draft version of the Form 1099-DA on Friday for reporting on the proceeds of digital asset transactions for crypto brokers.

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More Trending

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Why Peppol power depends on AP integration

Cevinio

Discover the transformative power of Peppol in e-invoicing and explore the importance of integrating your finance operations […]

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Why Accounting Firms Should Budget for Managed Security Services in [2024]

Ace Cloud Hosting

Data breaches are on the rise. According to Statista, data breaches impacted 353 million individuals in 2023. Hence, with the increasing cyber threat spectrum, cybersecurity has been a focus for.

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Students take a new path to 150 hours

Accounting Today

The first class members of the AICPA and NASBA's pilot Experience, Learn & Earn program are completing their inaugural semester.

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Unlocking Summer Success: Inside A Typical Summer at ADC | Beyond the Books Podcast by AccountingDepartment.com

Accounting Department

We are thrilled to announce that Episode 17 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

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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

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How the Procurement Function Can Save Your Company Money

Tipalti

Procurement has emerged as a critical function that can help organizations save costs in an ever-changing business landscape.

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Insightful Accountant Announces Dates for Awards

Insightful Accountant

In an attempt to give our readers some degree of advance notice, Insightful Accountant is announcing the specific dates for which the 2024 ProAdvisor Awards will be announced.

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Accountants feel more upbeat about global economy

Accounting Today

Accounting and finance professionals are expressing greater confidence about the world economy this year, according to a new survey.

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How to Sell Advisory Services at Your Firm w/ Adam Lean

Jetpack Workflow

Podcast Summary In this insightful episode of the “Growing Your Firm” podcast, brought to you by Jetpack Workflow, host David Cristello is joined by special guest Adam Lean , CEO and co-founder of The CFO Project. Adam shares his expertise on how accountants can go beyond traditional number-crunching by engaging with clients through meaningful conversations that resemble therapeutic sessions.

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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.

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Nailing cash flow statements: How to ensure you know where your business stands

Plooto

Managing cash flow effectively is an essential aspect of running a business smoothly. However, many small businesses struggle with cash flow management, especially if they don’t have a lot of experience in bookkeeping and accounting.

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Feature Focus Fridays - First Look at Figured

Insightful Accountant

Murph takes a first look at 'Figured', a cloud-based agribusiness software app that works with either QuickBooks Online or Xero and that he thinks is '"perfect for farming and ranching.

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Poor cash flow can sink any business

Accounting Today

If an enterprise doesn't accurately measure and manage cash flow effectively, it won't be able to make sound financial decisions for the future.

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Importance of Cybersecurity Awareness Training for Employees in Tax Season [2024]

Ace Cloud Hosting

Tax season 2024 is ongoing, and the tax firms are busy handling their clients’ taxes. However, cybersecurity is one aspect most tax firms ignore during the tax season. Like tax.

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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?

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A Guide to New FWA Guidelines for Singapore SMEs from Dec 2024 

Counto

A Guide to New FWA Guidelines for Singapore SMEs from Dec 2024 Starting December 1, 2024, Singapore will see a significant shift towards supporting flexible work arrangements (FWAs), as mandated by the newly established Tripartite Guidelines. At Counto , we understand the intricacies these changes bring, particularly for SMEs, and are here to help you navigate through them effectively.

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The Fate of a Finished Filing Season Still in Limbo

Insightful Accountant

The 2024 tax season is ending with fewer hiccups and changes compared to previous years. Pending legislation and court decisions may bring uncertainty for preparers in the future.

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PCAOB finds auditor evaluation deficiencies

Accounting Today

Seventeen percent of comment forms in 2021 and 2022 contained auditor evaluation deficiencies, according to the PCAOB.

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The difference between direct and indirect labor

Accounting Tools

What is Direct Labor? Direct labor includes all labor that varies with production volume. This means the classification is generally limited to those people working on an assembly line or operating production machinery. What is Indirect Labor? Indirect labor is all types of support and supervisory labor, such as janitorial, maintenance, administrative, and management employees.

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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.

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CPF Guide for Employers in Singapore

Counto

CPF Guide for Employers in Singapore At Counto, we understand that as a small business owner or entrepreneur in Singapore, navigating the complexities of the Central Provident Fund (CPF) contributions for your employees can be a daunting task. It’s crucial to get it right, not only to comply with the law but to ensure the financial well-being of your employees.

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Workforce Wednesday: QBO Expense Claims - Part 1

Insightful Accountant

Murph takes you through the steps to set up QuickBooks Online Expense Claims. Next time he will look at the process for submitting them.

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The IRS 2024 Dirty Dozen

Accounting Today

A phish, a mill and a stroll overseas are just three of the 12 major scams the Internal Revenue Service identified for this year's rogues gallery.

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Life cycle costing definition

Accounting Tools

What is Life Cycle Costing? Life cycle costing is the process of compiling all costs that the owner or producer of an asset will incur over its lifespan. These costs include the initial investment , future additional investments, and annually recurring costs, minus any salvage value. Life cycle costing is more heavily used by businesses that place an emphasis on long-range planning, so that their multi-year profits are maximized.

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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.

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8 Tips for Setting Up Your Business as an LLC 

Nolan Accounting Center

Starting and running a small business can indeed be hard. However, it is encouraging to recognize that every big business started as a small enterprise. A critical step is setting up your business using the right legal structure. Why it is Critical to Choose the Right Business Structure When setting up your business it is critical to choose the right business structure because that influences many things including your day-to-day business operations, how much you pay in taxes, your ability t

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Thomson Reuters Envisions Providing GenAI To Entire Customer Experience

Insightful Accountant

Thomson Reuters has just announced an expanded vision based on providing GenAI assistant for every professional it serves.

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Tax Fraud Blotter: Severe and widespread

Accounting Today

Speedy decision; trouble in paradise; diplomatic imbecility; and other highlights of recent tax cases.

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Profit maximization vs. wealth maximization

Accounting Tools

What is Profit Maximization? Profit maximization is the process by which a business arranges its prices and cost structure to achieve the highest possible profit. The central goal of the organization is to increase its profits. This is a short-term goal, since profits can be maximized to the detriment of customers, who may become annoyed at excessively high pricing, and take their business elsewhere over the long term.

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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.