Sat.Aug 26, 2023 - Fri.Sep 01, 2023

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Unlocking the Power of Automation in Spend Management

Accounting Department

In today's fast-paced business environment, optimizing spend management is essential for maintaining financial efficiency and driving profitability. Traditional manual processes can be time-consuming, error-prone, and resource-intensive. However, with the power of automation, businesses can streamline their spend management practices and unlock significant benefits.

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IRS requires business to start e-filing Form 8300 in 2024

Accounting Today

The Internal Revenue Service is telling companies they will need to start electronically filing their forms reporting cash payments over $10,000, starting Jan. 1, 2024.

Tax 354
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Xero Beautiful Business Fund: How to apply & application tips

Xero

The Xero Beautiful Business Fund has officially been open for one week and we’ve received an incredible response so far! We have four funding categories that Xero small business customers can apply to. Whether you’re looking to take the next step in your sustainability journey, seeking to innovate with the latest technological advancements, give back to your community or upskill yourself or your employees, there is a funding category for everyone.

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Awesome AI Session at Summit NA 2023

Fidesic blog

Summer went by in a flash and with the back-to-school season underway, things are only going to go faster. Before we know it, we’ll be seeing you in Charlotte for Community Summit North America (October 15-20).

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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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The Perils of Not Having Real-Time Data for Your Business

Accounting Department

For any business to thrive, it is essential to have accurate and up-to-date information about its operations. Real-time data plays a crucial role in a business's success regardless of its industry or size. However, businesses that use outdated technology and traditional data management techniques, such as manually inputting data into spreadsheets or relying on quarterly reports, miss out on valuable insights regarding their business operations.

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FASB approves income tax reporting standard

Accounting Today

The Financial Accounting Standards Board voted to require companies to tell the public more about the taxes they pay, starting as early as 2025.

Tax 350

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Intuit Responds to U.S. Federal Trade Commission’s Anticipated Decision And Reaffirms its Commitment to Free Tax Preparation

Intuit

The U.S. Federal Trade Commission (FTC) is expected to announce that an FTC administrative law judge – an employee of the FTC – has ruled in favor of the FTC in the agency’s own lawsuit against Intuit. Intuit will appeal this groundless and seemingly predetermined decision by the FTC to rule in its own favor and is confident that when the matter ultimately returns to a neutral body Intuit will prevail, as it has previously in this matter.

Tax 130
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Key MLOps processes (part 1): Experimentation, or the process of conducting experiments

FinOps in Practice

The main parts of the scheme, which describes key MLOps processes, are horizontal blocks, inside of which the procedural aspects of MLOps are described (they are assigned letters A, B, C, D). Each of them is designed to solve specific tasks within the framework of ensuring the uninterrupted operation of the company’s ML services. To understand the scheme better, it would be good to start with Experimentation.

FinOps 130
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IRS offers info on tax-free programs to help with student loan repayments

Accounting Today

Educational assistance programs can help employees cope with the resumption of payments through a tax-free fringe benefit.

Tax 336
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In the News - September 1, 2023

Insightful Accountant

Murph wants to help you keep abreast of things happening around you—from news to vendor releases, conference tips and IRS updates. If he thinks you need to know, he's telling you.

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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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Tax Preparation for Small Businesses: A Comprehensive Guide for Accountants

Intuit

Table of Contents Understanding the Average Cost of Tax Preparation for Small Businesses Small Business Tax Preparation Checklist for Accountants How to Prepare Taxes for Small Businesses Tax Preparation Software for Small Businesses Strategies for Attracting Small Business Clients to Your Tax Preparation Business Other Career Opportunities for Tax Accountants and CPA Work as a Virtual Tax Preparer With Intuit Apply for Business Tax Jobs at Intuit Experienced tax professionals understand that

Tax 130
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10 Eye-Opening Statistics about Small Business Finances

Less Accounting

Let’s take a peek into the state of small business finances in 2023—What are their concerns? How are they acquiring financing? In the United States alone, small businesses make up 99.9% of all businesses. That’s 33.2 million small business owners making a global impact. Seeing the state of small business finances can help you understand the external factors affecting your business and how you can better prepare for the future. 1.

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10 tips for designing the firm of your dreams

Accounting Today

Three practitioners share their strategies and insights for building a great accounting practice.

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Murph's Perfect App Partner Program

Insightful Accountant

What makes an outstanding Partner Program besides the specific app or software?We're glad you asked.

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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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Best Jobs for Seniors: Part Time Jobs in Tax Preparation and Bookkeeping

Intuit

Table of Contents Why Bookkeeping and Tax Preparation are Great Jobs for Seniors Part-Time Jobs for Retirees in Tax Preparation and Bookkeeping Top Intuit Tax Preparation and Bookkeeping Jobs for Retirees Why Intuit Tax and Bookkeeping Expert roles are Great Jobs for Seniors Conclusion: Why Tax Preparation and Bookkeeping are Ideal Jobs for Older People Apply for Intuit Tax and Bookkeeping Jobs If you’re a senior or retiree who wants to supplement your income or try out a new career, Intuit may

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This is More Important Than Your Automation

Future Firm

Many small accounting firm owners often obsess over automation to operate their business. In this episode, I discussed the key to reducing workload and enhancing firm success. Listen Below. 0:51 – While I was running my own accounting firm, I experienced the allure of technology and automation, and the tempting notion that the right tech solutions could solve all our issues. 1:21 – Numerous firm owners excessively focus on identifying the perfect tech stack, thinking it’s the k

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Forensic accounting for restaurants can uncover fraud

Accounting Today

Employees perpetrate the most common fraud schemes at restaurants, including various cash and inventory misappropriation schemes.

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Top 100 2024 Certification Clues: QuickBooks Enterprise

Insightful Accountant

Murph clues you in to the advantages of possessing a QuickBooks Desktop Enterprise ProAdvisor Certification.

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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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Celebrate Labor Day by Making AP Less “Laborious”

AvidXchange

Labor Day is the unofficial end to summer for many. A last chance to enjoy the pool and regroup as children begin a new school year. For business finance staff, it’s a respite prior to the Q4 push. This year, in addition to relaxing with family and friends, we think Labor Day should be a time to reflect on how to make your job less “laborious.” And it just so happens our 2023 AP Career Satisfaction Survey results have some tips on how to do just that.

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Best Of The Best: 99+ Top SaaS Companies To Know (2023)

CloudZero

Picture this. Gartner forecasts worldwide end-user spending for public cloud usage to ramp up to nearly $600 billion in 2023 — from $491 billion in 2022. Out of that spend, SaaS will make up a chunky $200 billion. For comparison, Infrastructure-as-a-Service (IaaS) and Platform-as-a-Service (PaaS) will make up $150 billion and $139 billion, respectively.

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IRS updates guidance on handling special state tax payments

Accounting Today

The Internal Revenue Service issued guidance Wednesday on how taxpayers should report the special tax payments, refunds and rebates they received from states in recent years as a form of relief during the pandemic.

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September's 'QB Talks' is All About QuickBooks Desktop 2024

Insightful Accountant

Insightful Accountant has scheduled Murph to host our regular 'QB Talks' on Sept. 20 to discuss "QuickBooks Desktop 2024.

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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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Cash flow definition

Accounting Tools

Related Courses The Statement of Cash Flows Working Capital Management What is Cash Flow? Cash flow is the net amount of cash that an entity receives and disburses during a period of time. A positive level of cash flow must be maintained for an entity to remain in business, while positive cash flows are also needed to generate value for investors. In particular, investors want to see positive cash flows even after payments have been made for capital expenditures (which is known as free cash flow

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Feature-Based Pricing: A Guide To Per Feature Pricing in SaaS

CloudZero

The best pricing strategy for your SaaS business will depend on your specific business model, target market, and competition. You’ll also want to test different pricing strategies to see which one works best for you.

FinOps 84
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Don't confuse firm governance with ESG

Accounting Today

Strongly governed firms outperform their peers on a wide variety of metrics.

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You. Your firm. And Your Brand.

Insightful Accountant

ADP’s Amy Freshman explains why culture is the key to talent attraction for accountants and their clients.

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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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Credit definition

Accounting Tools

What is a Credit? A credit is an accounting entry that either increases a liability or equity account, or decreases an asset or expense account. It is positioned to the right in an accounting entry. A credit is recorded on the right side of a T account. The term also refers to a delayed payment arrangement. For example, a customer is granted $10,000 of credit on 30 day terms, which means that the customer can make purchases of up to $10,000 without having to pay the seller until 30 days have pas

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Accounting Teacher Tells Students Accountants Hate Their Lives

Cloud Accounting Podcast

Blake and David discuss issues relating to the accounting profession's talent pipeline, including a high school student's negative experience in her first accounting class and efforts by state CPA societies to reduce licensing barriers. They move on to tech topics, like the slow adoption of AI tools such as ChatGPT among accountants and new product features announced by Intuit and Xero.

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IFAC highlights sustainability reporting to world finance leaders

Accounting Today

The International Federation of Accountants issued a call to action to the G20 finance leaders urging them to focus more on sustainability as a way to achieve the United Nations' Sustainable Development Goals.

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Fix Issued for 3rd-Party Connectivity to QuickBooks Desktop

Insightful Accountant

Late last week, Intuit pushed out two fixes for the problem users had been having connecting their various third-party apps to QuickBooks Desktop.

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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.