Sat.Oct 14, 2023 - Fri.Oct 20, 2023

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IRS to offer free direct file online tax system in 13 states

Accounting Today

The Internal Revenue Service plans to run a limited pilot test of its free online tax system in 13 states next tax season, but it will only support certain tax credits.

Tax 353
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2023 Xero Awards Canada Winners

Xero

Back in July, we announced the launch of the first-ever Xero Awards in Canada. This initiative celebrates Xero’s valued accountants, bookkeepers, and app partners by putting them in the spotlight and recognizing their commitment to excellence and ongoing support of the small business sector. Thank you to each and every one of you who took the time and commitment to submit an entry.

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professionals

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Powering A More Sustainable Future Through Solar Energy in Virginia and West Virginia

Intuit

In support of our Climate Positive Program’s commitment to reduce 2 million metric tons of carbon dioxide equivalent emissions outside our operations by 2030, we are investing in equitable deployment of sustainable solutions like renewable energy. The program aims to support a ‌transition to 21st-century renewable energy sources coupled with job and learning opportunities for students in underserved communities.

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5 Crucial Components Your ERP System Should Include

Accounting Department

Enterprise resource planning (ERP) systems are instrumental in helping businesses achieve optimal efficiency. By integrating various essential business functions into a unified platform, ERP systems provide a real-time overview of the business while supporting day-to-day operations and workflows.

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Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

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.

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IRS introduces business tax accounts as it targets big corporations for audits

Accounting Today

The Internal Revenue Service is making improvements to its online tax professional accounts and hiring more accountants as it ramps up enforcement.

Tax 358
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Excelling in AP Management through Automation with AP Leader Caroline Adams

Cevinio

Excelling in AP Management through Automation with AP Leader Caroline Adams In this interview with Caroline Adams, an accomplished AP leader, we ask her a series of questions about AP management, the influence of automation, and the journey toward modern AP processes. Discover her valuable insights. Introduction In the past years, the role of Accounts Payable (AP) has undergone a profound transformation.

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Unleashing Business Success with Financial Planning and Analysis

Accounting Department

No business model works without effective financial management. Every organization must be able to allocate its resources and make informed decisions. Financial Planning and Analysis (FP&A) has become increasingly important in driving business success. It is vital for long-term growth. FP&A is a data-driven approach to financial management, which allows organizations to make informed decisions to improve their profitability.

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Corporate Transparency Act presents opportunity and risk for firms

Accounting Today

The CTA and beneficial information reporting may be a game-changer for accounting firms. Here's what you need to know.

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ADP Launches First All-in-One HCM Solution for Construction Industry

Insightful Accountant

ADP Workforce Now for Construction is the first comprehensive HCM solution built for the unique challenges of the construction industry.

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What is the Cost of Cloud Computing for Small Businesses?

Economize

Cloud computing is not merely a technological upgrade, it’s a business strategy that can significantly enhance operational efficiency, agility, and innovation, all while providing substantial cost savings. For small businesses operating with limited resources, understanding the investment required in cloud computing is crucial.

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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

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.

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Nonprofit Trends You Need to Know for 2024 

AvidXchange

As the year winds down, finance teams are looking ahead to determine plans and priorities for next year. Nonprofits in particular are brainstorming ways to do more with less. In the current macroeconomic climate of uncertainty, the following nonprofit trends are likely to impact organizations next year. Growing Demand Nonprofits see demand for services spike during times of inflation, according to the National Council of Nonprofits.

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IRS offers process for withdrawing bogus ERC claims

Accounting Today

The Internal Revenue Service is giving employers a way to rescind inaccurate claims for the Employee Retention Credit if they've fallen victim to a scam at the hands of so-called "ERC mills.

Tax 338
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Oracle NetSuite Introduces Enterprise Performance Management

Insightful Accountant

NetSuite's newly unveiled Enterprise Performance Management will help finance leaders increase productivity, efficiency and profitability.

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Have you been pwned?

Ontrack Bookkeeping

I have just returned from a Accountants and Tax Agents Institute of NZ (ATAINZ) Workshop in Auckland, where members of the ATAINZ congregated for a day of learning and community connection. Given I am a people person, I loved seeing people in person and really being able to connect on a level you just cant get over the internet. It was great to have our ethical responsibilities as a member of ATAINZ covered in one of the first sessions, with scenarios on how to deal with certain situations.

Tax 98
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Building a Business Case for Finance Automation

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.

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A Complete LlamaIndex Guide

Nanonets

Introduction Welcome to our guide of LlamaIndex! In simple terms, LlamaIndex is a handy tool that acts as a bridge between your custom data and large language models (LLMs) like GPT-4 which are powerful models capable of understanding human-like text. Whether you have data stored in APIs, databases, or in PDFs, LlamaIndex makes it easy to bring that data into conversation with these smart machines.

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EAs call on IRS to restart balance due notices

Accounting Today

The National Association of Enrolled Agents is asking the Internal Revenue Service to resume sending reminder notices immediately to non-filers and those with balances due of more than $10,000.

Tax 338
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NetSuite Extends Analytics Warehouse

Insightful Accountant

By extending Analytics Warehouse, NetSuite hopes to help customers gain greater and faster value from their data. Companies are using the newly enhanced AI-powered features of NSAW to simplify data management and access greater insights.

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How Our FinOps Account Management Team Helps You Achieve Your Cloud Savings Goals

CloudZero

Our FinOps account management team is dedicated to your success. Here’s exactly what you can expect.

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Fall In Love With the Month-End Close

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.

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Financial Forecasting for Small Business Growth

Nolan Accounting Center

One of the most important tasks of a small business owner is planning for the growth and stability of the business. The best way to do this is with financial forecasting, which is the process of predicting your company’s performance. This is done by considering the historical data of your company as well as the current industry trends. If your business is located in Southeast Wisconsin, Nolan Accounting can help with your company’s financials.

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IRS questions security of planned ID verification system

Accounting Today

The service has faced challenges in transitioning the system it uses for authenticating the identities of taxpayers and tax professionals.

Tax 336
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My Favorite Newbies – QuickBooks Desktop 2024

Insightful Accountant

As the last piece in our QuickBooks Desktop 2024 series, Murph is giving us another of his favorite feature picks or, as he likes to call them, "his favorite newbies.

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How Profit First transformed my business and personal life

Reconciled Solutions

I recently attended ProfitCon 2023 in New Jersey, and as I do every year, I left feeling uplifted and reinvigorated. Gathering with other Profit First. The post How Profit First transformed my business and personal life appeared first on Reconciled Solutions.

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Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

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.

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How Much Does Slack Spend On AWS?

CloudZero

The Slack messaging app is popular because it is easy to use, affordable, and highly customizable. With Slack, you can collaborate in teams and with colleagues in real-time, accessing files from anywhere.

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Younger accountants more likely to leave employers

Accounting Today

Young accounting and finance professionals have been seeing the highest turnover over the past two years and are most likely to leave their current jobs over the next year, according to a new report.

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Terlato Wine Group is 'Suite' on NetSuite

Insightful Accountant

Following up on his trip to 'SuiteWorld 2023,' Murph gives you a first-hand impression of how Terlato Wine Group is benefiting from its transition to NetSuite.

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Separation of duties

Accounting Tools

Related Courses Accounting Controls Guidebook Accounting Procedures Guidebook What is Separation of Duties? The separation of duties concept prohibits the assignment of responsibility to one person for the acquisition of assets , their custody, and the related record keeping. For example, one person can place an order to buy an asset, but a different person must record the transaction in the accounting records.

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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

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.

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How to Choose the Best Accounts Payable Software Solution

MineralTree

Accounts payable (AP) is a critical business function, responsible for protecting cash flow, maintaining good relationships with vendors, and ensuring compliance with financial regulations. However, the traditional manual approach to AP can be time-consuming and error-prone, meaning AP teams are spending valuable time on tedious tasks such as data entry, reconciliation, and chasing approvals.

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Companies shifting disclosures in response to SEC cybersecurity rules

Accounting Today

New cybersecurity rules from the Securities and Exchange Commission are already prompting companies to put more emphasis on the topic in their disclosures.

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ADP Research Institute Launches Today at Work

Insightful Accountant

The new resource for business leaders helps accountants share this quarterly workforce report with their clients looking for actionable insights to improve business operations.

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How to convert cash basis to accrual basis accounting

Accounting Tools

Related Courses Accountants' Guidebook Bookkeeping Guidebook Under the cash basis of accounting , business transactions are only recorded when the cash related to them is either issued or received. Thus, you would record a sale under the cash basis when the organization receives cash from its customers , not when it issues invoices to them. The cash basis is commonly used in small businesses, since it requires only a limited amount of accounting expertise.

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Cash Flow Secrets Every Upskilled CPA Should Know

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.