Sat.Jan 06, 2024 - Fri.Jan 12, 2024

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Upgrading Your Traditional Bookkeeping with FP&A

Accounting Department

Every savvy business leader knows the value of having a well-run bookkeeping or accounting department. However, not everyone is aware of how important it is today to have a financial planning and analysis (FP&A) team to help back their business with effective and accurate financials.

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Velocity Hacks: How to Work Smarter, Not Harder

Intuit

In today’s fast-paced world, the rate of change might feel like being on a busy freeway or chasing the speed of light. At work, we need to keep up with the rapid (and constant) advancements in technology, making it difficult to maintain a balance between being efficient and delivering quality results. And we’ve become conditioned to expect speed and quality outside of work, too.

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The 5 Best Tools for BigQuery Data Visualization

Economize

Google’s BigQuery, a powerful data warehouse part of GCP has become indispensable for managing extensive datasets. It is particularly effective when paired with data visualization and Business Intelligence (BI) tools. These enhancements allow users to convert complex data into clear, actionable insights.

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AI in Accounts Payable: Can a Computer Do My Job? 

AvidXchange

If you’re worried that artificial intelligence (AI) may make your job obsolete, you’re not alone. A recent Forbes Advisor survey found that 77% of consumers are concerned that AI will cause human job loss in the near term. Experts have identified many use cases for AI in accounts payable (AP) and other finance and accounting functions, noting that the technology is particularly well-suited to these data-centric departments.

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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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Is FreshBooks Right for My Clients? 5 Questions to Ask

Outsourced Bookeeping

Are you thinking about selecting the ideal accounting software for your customers? They could find that FreshBooks is the game-changer they need! However, how can you tell whether it’s the right fit? By posing pertinent queries, you may determine whether FreshBooks meets the particular business requirements of your clients. FreshBooks has a lot of features, like monitoring costs and making invoicing easier.

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IRS expands enforcement efforts and tech improvements

Accounting Today

The Internal Revenue Service reported progress Friday on its efforts to increase its audits of large corporations, complex partnerships and high-income individuals, collecting over half a billion dollars from millionaires who didn't pay their taxes.

More Trending

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The Power of Collaborating with Client Accounting Services for Business Growth

Accounting Department

Business growth is a key objective of any entrepreneur, but it is not always easy to achieve. There are many components, including having the appropriate financial infrastructure in place. This is where outsourced client accounting services come in.

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The negative impact of busy season Saturdays

Blake Oliver

Research shows mandatory overtime backfires.

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IRS plans to start tax season on Jan. 29

Accounting Today

The agency is anticipating over 128.7 million individual tax returns by the April 15, 2024, tax deadline.

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Best Laptops for CPAs and Accountants this Tax Season

Ace Cloud Hosting

During tax season, CPAs face numerous responsibilities; as they deal with clients directly, they must ensure a proper workflow. A laptop should have all the features that enhance work flexibility.

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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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The Journey From a Rigid Firm to Work-Life Harmony | Beyond the Books Podcast by AccountingDepartment.com

Accounting Department

We are thrilled to announce that Episode 10 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

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Murph will host next week's ProAdvisor Meetup

Insightful Accountant

Murph wants to know what you think, that's why you are invited to a ProAdvisors ProAdvisor "open microphone' Meet-up for the January edition of QB Talks. Let's talk Awards, ProAdvisor Program and QuickBooks Desktop among other topics.

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Illinois CPAs spot numerous issues with accountant retention

Accounting Today

Salary, burnout and work-life balance are among the factors affecting retention of accountants, according to a report from the Illinois CPA Society.

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Making Electronic Payments with NetSuite & AP Automation

MineralTree

Embracing electronic payments is necessary for businesses seeking to enhance efficiency, reduce manual errors, and improve financial control. However, accounts payable (AP) automation can make electronic payments in ERP systems , like Netsuite, much easier. AP automation technology enables streamlined and error-free payment processing while maximizing the potential of NetSuite electronic payments and accelerating ROI.

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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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Financial Planning Tips for Business Owners

Enterprise Recovery

While much of your budget planning was likely done in the fourth quarter, it's never too late to set your business up for success in the new year. Financial planning is valuable at any time - whether you're evaluating your business investments or measuring why your cash flow is slow. Read further to discover essential financial planning tips for business owners to ensure long-term success and growth.

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The Funny 'Item' Checkbox to Make QuickBooks Items Two-Sided

Insightful Accountant

The magical 'checkbox' turns one-sided items into two-sided items allowing you to use the same item to sell and purchase, and making for proper reporting on item profitability.

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Better service ahead — and a better tax season, promises IRS

Accounting Today

In parallel with stricter enforcement, the tax authority is improving service for taxpayers and tax pros, and working on its technology.

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Tax Tips for Accountants With Gambling Clients

Blake Oliver

The legalization of sports betting and online gambling has led to an explosion in gaming across America. With millions trying their luck, complex tax rules for reporting and deducting gambling winnings and losses present new challenges for taxpayers. From W-2Gs to 1099-Ks, the IRS reporting requirements leave much confusion. That’s why the deep expertise of Zachary Zimbile offers such a valuable perspective.

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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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How Much Tax Preparers Charge

Cloud Accounting Podcast

Blake throws his hat into the ring for President and CEO of NASBA! Hear how he intends to shake things up should he be chosen! Next, Blake and David unpack a survey on the surprisingly low tax-preparer fees across the country, discuss the headaches still posed by interstate CPA licensing, and consider some solutions like modeling CPA reciprocity rules!

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QuickBooks Desktop Product Alert

Insightful Accountant

If you use the QuickBooks Desktop Payroll Set-up Wizard, you may encounter an Error. There is a fix available.

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IRS to begin accepting business tax returns next week

Accounting Today

The official start date of tax season for individual taxpayers will be on Jan. 29, but the Internal Revenue Service plans to accept business tax returns as soon as Jan. 16.

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Harness the Power of AI: Practical Uses for Accountants

Earmark Accounting Podcast

On this bonus episode Blake explores how artificial intelligence will transform the accounting profession. You'll learn how leading AI tools and chatbots can help automate routine tasks, freeing you up to focus on more strategic, higher-value services. He'll also walk through real-world examples of using AI for document analysis, tax research, correspondence, transcript review, drafting/editing, and more.

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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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5 AWS Glue Cost Optimization Strategies + ETL Setup Tutorial

Economize

AWS Glue In a data-driven world, clean and organized data serves as the driving force in decision making. This requires integrating and processing data from difference sources. This process is made easier with AWS Glue. AWS Glue is a serverless, data integration service that provides visual and code-based interfaces for data integration.

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New Year, New Outlook: 4 Ways to Grow Your Firm

Insightful Accountant

After a break with too many desserts and not enough gifts, it's time to get back to work. Instead of focusing on losing weight or setting a budget, let's concentrate on helping teams and clients prosper. Take action with these four growth strategies.

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20 states that burden individuals the most

Accounting Today

The state that imposes the most on residents has an individual income tax burden of 4.72%.

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8 Tips to Avoiding Financial Woes This Tax Season

Outsourced Bookeeping

Financial responsibilities may be confusing and important for both people and organizations to navigate as tax season draws near. Tax rules can be complicated, which might raise questions regarding prospective obligations, financial stability, and compliance. Adopting sound financial strategies is essential to avoiding tax-related errors and ensuring a seamless, stress-free approach.

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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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Insurance Automation: Benefits, Use cases, and more

Nanonets

Every day, millions of people sign up for different insurance policies for their and their families' security. However, with the rapid growth in the insurance sector, the industry has reached a point where growth can only be achieved through insurance automation. At the moment, while applying for a policy or making a claim, customers have to deal with long and tedious processes most of which are carried out manually by insurance companies.

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QuickBooks + MainStreet Headed Your Way

Insightful Accountant

Intuit QuickBooks has partnered with MainStreet to help SMBs take advantage of the various tax breaks available to them. QuickBooks users will soon begin being notified of potential tax credit availability.

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IRS move narrowing access to tax data sparks lender outrage

Accounting Today

The agency plans to restrict access to a system that provides borrower tax returns to mortgage lenders beginning June 30. Left out of the loop, small-business lenders say getting credit to borrowers will become more difficult as a result.

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QuickBooks Hosting Provider: Your Essential Strategic Partner for Business Growth

Ace Cloud Hosting

In today’s fast-paced business landscape, efficiency and reliability are your most valuable assets. That’s where QuickBooks hosting providers come in, taking your accounting software to the cloud and unlocking a.

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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.