Sat.Jun 29, 2024 - Fri.Jul 05, 2024

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Why Outsourcing Your Accounting Could Be the Best Investment Your SMB Makes

Accounting Department

Running a small to medium-sized business (SMB) is no small feat. Between juggling sales, operations, customer service, and marketing, it’s easy to see why accounting often falls to the bottom of the priority list.

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States that rely the most on sales taxes

Accounting Today

Where does sales tax drive the most local revenue?

Tax 347
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The Evolution of FinOps: Day 1 Keynote Themes from FinOps X 2024

FinOps Foundation

Key Insight: The FinOps X 2024 Day 1 Keynotes covered the Evolution of FinOps to include more technology spending beyond public cloud, FinOps for AI, cost-aware product decisions, carbon-aware FinOps. Stories from Disney and Uber spoke to the the constantly changing FinOps landscape, the FOCUS 1.0 GA launch landed and an executive panel of VPs from AWS, Microsoft and Google spoke together.

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No Cost QuickBooks Bill Pay Elite Available for ProAdvisors

Insightful Accountant

Intuit is offering QuickBooks Bill Pay Elite to ProAdvisors and QBO-Accountant firms at no cost. We always want you to know when Intuit is offering a perk.

Billing 105
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Breaking Ground on Better Payment Processes: Strategies for Construction Pros

Speaker: Timothy Allsopp

Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.

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Avoid These Common Accounting Mistakes for Growing Businesses

Accounting Department

Growing a business can be an exhilarating experience, but it comes with its fair share of challenges. One crucial area that requires meticulous attention is accounting. Proper accounting practices are the backbone of financial stability and growth, yet many small to medium-sized businesses (SMBs) often overlook them.

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Ask what you can do for your profession

Accounting Today

Whether there will be a next generation of accountants is, in many ways, up to all of us.

More Trending

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Financial statements definition

Accounting Tools

What are Financial Statements? Financial statements are a collection of summary-level reports about an organization's financial results, financial position , and cash flows. They include the income statement, balance sheet, and statement of cash flows. Advantages of Financial Statements Financial statements are useful for the following reasons: To determine the ability of a business to generate cash, and the sources and uses of that cash.

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Moving from Local to National, Designing Culture for Working Moms, Acquisition Offers w/Katie Lilly

Jetpack Workflow

Podcast Summary In this episode of the Growing Your Firm Podcast, host David Cristello welcomes back Katie Lilly of Lillyfield Accounting Solutions. Katie discusses the transformative changes her firm has undergone since her last appearance on the show, pre-COVID. She shares insights on her firm’s transition from serving primarily local clients to expanding regionally and nationally, and how they navigated the shift to remote work with ease, having been originally designed as a remote fir

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Practice Profile: A hand up for young accountants

Accounting Today

Huselton, Morgan and Maultsby's Student Leadership Program aims to steer more students into accounting — and prepare them for other decisions down the line.

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Amazon DynamoDB Pricing and Benefits: A Deep Dive

Economize

Introduction Building large-scale applications requires a solid data management strategy and a database that can handle large amounts of data with consistent, low-latency performance. High-traffic applications like e-commerce platforms, gaming backends, and social media networks need a database solution that can efficiently manage millions of requests per second without sacrificing speed or reliability.

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The Growth Architect: How Financial Leaders are Unlocking Potential

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

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How to write down inventory

Accounting Tools

The write down of inventory involves charging a portion of the inventory asset to expense in the current period. Inventory is written down when goods are lost or stolen, or their value has declined. This should be done at once, so that the financial statements immediately reflect the reduced value of the inventory. Otherwise, the inventory asset will be too high, and so is misleading to the readers of a company's financial statements.

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11 Accounting Advisory Services Your Firm Can Offer

Jetpack Workflow

If you’re part of the 80% of global accounting firms planning to add or expand their advisory services soon, you may be weighing which specific services you want to include and how to price them appropriately. Expanding into a new service department like client advisory services (CAS) can be a win-win scenario for you and your clients. It can offer your firm stable, recurring revenue outside tax season.

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A different tax landscape at mid-year

Accounting Today

The end of Chevron deference, shifting IRS policies, and other major changes to the tax landscape.

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IRS Service Challenges: Insights for Tax Professionals

Insightful Accountant

National Taxpayer Advocate's report exposes IRS service metric flaws. LOS metric, based on answered calls, lacks full taxpayer interaction data. 88% LOS for 2024 is misleading, covering only 35% of phone lines without ensuring issue resolution.

Tax 59
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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

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AWS EKS vs ECS: Which is Better for Container Management?

Economize

For many AWS users, choosing between Amazon EKS vs ECS is a common challenge. With the increasing popularity of containerized applications, having an efficient container orchestration platform is indispensable. Both EKS and ECS deliver powerful solutions for deploying, managing, and scaling containers, though they feature different capabilities and use cases.

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Understanding and Managing Your Business Expenses: A Bookkeeper’s Guide

Less Accounting

Effective expense management is essential for the financial health and sustainability of any business, regardless of its size. As a small business owner, understanding and managing your expenses efficiently is paramount to achieving profitability and long-term success. In this comprehensive guide, we’ll explore the fundamentals of business expenses and provide practical tips for effective expense management from a bookkeeper’s perspective.

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Private sector added 150K jobs in June as annual pay rose 4.9%

Accounting Today

The job market continued to grow last month, but wage growth slowed, ADP reported.

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IRS Shifts Audit Focus: What Tax Practitioners Need to Know

Insightful Accountant

IRS audit strategies have shifted towards auditing a broader range of high earners, impacting tax practitioners and their clients. Treasury Inspector General for Tax Administration report highlights this change.

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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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5 Reasons to Have a Sage Cloud Server for Your Business

Ace Cloud Hosting

From small businesses to large enterprises, Sage offers a range of software to assist with different operations such as accounting, payment & banking, and supply chain management. Its desktop-based application.

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Voided Transactions: How They Work & Examples

Billing Platform

Voided transactions occur across virtually all industries. However, void transactions and refunds at software-as-a-service and other subscription-based organizations are slightly different. Although frequently used, the two terms – void transactions and refunds – are sometimes misinterpreted. Additionally, there are subsequent questions that are typically asked, like: When should a payment be voided ?

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IRS warns tax pros to beware of identity theft

Accounting Today

The Internal Revenue Service issued a warning to tax professionals to be on guard against the identity thieves who are targeting them and their clients.

Tax 315
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Real AI Software: A Practical Guide for Accountants

Insightful Accountant

AI is reshaping accounting by automating tasks and improving decision-making. Accountants must differentiate between genuine AI and marketing hype to invest wisely in tools that deliver real benefits.

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

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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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Top Remote Accounting Candidates for Hire | July 5, 2024

accountingfly

Top Remote Accounting Candidates This Week Looking for remote accountants? Accountingfly can help! With our ‘ Always-On Recruiting ‘ program, you can access highly skilled and experienced remote accounting candidates with no upfront cost. These are just a few of our top candidates this week. Sign up now to receive the full list of top accounting candidates available weekly!

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How To Get Bookkeeping Clients Quickly: 19 Tips To Use In 2024

Future Firm

Discover how to get more bookkeeping clients fast with our comprehensive guide. Learn effective tips to quickly find and grow your business. The post How To Get Bookkeeping Clients Quickly: 19 Tips To Use In 2024 appeared first on Future Firm.

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Tax Fraud Blotter: 'This is your convict speaking'

Accounting Today

Going pro; uneasy easements; for he has sinned; and other highlights of recent tax cases.

Tax 307
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Using 401(k) to Buy a Business: Rollover for Business Startups (ROBS) Account

CSI Accounting & Payroll

401(k) or IRA money may be used in a tax-advantaged way to buy a business, but there's a lot of risk. Is a Rollover for Business Startups (ROBS) account right for you? Let's discuss how ROBS work, their rules, & other financing.

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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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About the 2025 International ProAdvisor Awards Application

Insightful Accountant

In this second part of his mini-series, Murph gives our International ProAdvisors a glimpse into the new 2025 formal application.

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ChatGPT Accounting: 13 Ways Accountants Can Use ChatGPT Now

Future Firm

ChatGPT has taken the digital world by storm. Discover how this revolutionary AI chatbot can enhance accuracy and efficiency in your firm. The post ChatGPT Accounting: 13 Ways Accountants Can Use ChatGPT Now appeared first on Future Firm.

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Founder Files: The accountant who hates accounting

Accounting Today

Louie Vazquez says he has all the characteristics of a bad employee and a good business owner.

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Azure Cost Optimization Tools: A Comprehensive Guide

finout

Azure cloud expenses can quickly add up if not managed properly, and Azure’s wide array of services can make cost management feel overwhelming. This blog focuses on essential Azure cost optimization tools and practices that can help you stay on top of your spending. We’ll walk you through tools like Azure Cost Management and Billing, Azure Advisor, and Spot Virtual Machines, offering practical tips to optimize your budget and enhance your cloud efficiency.

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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.