Sat.Sep 23, 2023 - Fri.Sep 29, 2023

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8 Must-Have QuickBooks Reports That Can Simplify Your Tax Filing ProcessĀ 

Ace Cloud Hosting

Did you know that QuickBooks has your back when it comes to simplifying your tax filing process? Well, it does, and it’s a game-changer. QuickBooks, the versatile accounting software, is.

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The top apps for accountants for 2023

Accounting Today

Leading practitioners and accounting technology experts share their favorite tools for work and life.

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40 years of powering prosperity: Highlights from Intuitā€™s 2023 Corporate Responsibility and Diversity, Equity, and Inclusion Report

Intuit

At Intuit, we believe everyone should have the opportunity to prosper, and for 40 years we’ve been working to make that a reality. Today, Iā€™m proud to announce the release of our 2023 Corporate Responsibility and Diversity, Equity, and Inclusion report. Corporate responsibility (CR) and diversity, equity, and inclusion (DEI) are core to who we are and intrinsic parts of our business strategy.

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Employee management tools to help your cash flow

Xero

With economic conditions putting pressure on Australian small businesses, owners are looking at different ways to maintain a healthy cash flow. Our ā€˜Money mattersā€™ report showed that 61% of Australian small business owners increased their prices in the last 12 months to stay ahead of rising costs and make a profit. 27% also had to dip into their personal savings to manage their cash flow.

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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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Getting Active with the ADC Summer Challenge | Beyond the Books Podcast by AccountingDepartment.com

Accounting Department

We are thrilled to announce that Episode 2 of our NEW podcast, Beyond the Books , is now live and ready for your listening pleasure.

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Treasury Department releases shutdown contingency plan for IRS, with 60,000 furloughs expected

Accounting Today

About two-thirds of IRS employees would be furloughed in the event of a shutdown, which appears likely this weekend.

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Three payment trends accountants need to know

Xero

This guest blog was written by the team at the leading bank payment solution, GoCardless. With interest rates at the highest level since 2012 in Australia and costs rising across the board, it can feel like the macro environment is designed to dent you and your clientsā€™ businesses. But itā€™s not all doom and gloom. As youā€™re at the centre of your customers’ financial processes, youā€™re in the perfect position to make strategic recommendations and add greater value to their businesses.

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AccountingDepartment.com Attends EO Alchemy 2023

Accounting Department

To kick off this year's series of Entrepreneurs' Organization (EO) events, ADC Business Development Representative, Shawn Marcum, attended EO Alchemy in Seattle, WA last week.

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IRS expands features in Tax Pro Accounts

Accounting Today

The Internal Revenue Service is allowing tax practitioners to see their client's tax information, including balance due amounts, as well as withdraw from their active authorizations online in real time.

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Intuitā€™s New Food Truck Program Empowers Underserved Youth with Vital Financial, Technical, and Entrepreneurial Skills

Intuit

To that end, Intuit has introduced a technical and entrepreneurial educational program providing fully operational food trucks to school districts, with curriculum to teach high schoolers how to run and operate a small business using Intuitā€™s financial tools. The food trucks are equipped with commercial-grade kitchens, enabling students to build real-world skills and experiences in a professional context and setting.

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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 weā€™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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Xero Beautiful Business Fund: One week to go! Apply now

Xero

Thereā€™s just one week to go to get your applications in for the Xero Beautiful Business Fund! Applications are closing Friday, 6 October 2023 at 5:00 pm local time in your country (AEST, NZDT, BST, PDT, SAST or SGT). A huge thank you to all of those whoā€™ve already applied, and those that have shared news of the fund through your networks. First time hearing of the Xero Beautiful Business Fund ?

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Budget Season is Right Around the Corner

Accounting Department

Budget season is right around the corner and it is time for financial teams to come together and start planning for 2024, but are you ready?

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The top cities to be an accountant

Accounting Today

Forbes Advisor has ranked the 99 best places for an accounting career.

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Responsible AI helps small businesses grow and do more.

Intuit

Intuitā€™s mission is to power prosperity around the world and help customers and communities overcome their most important financial challenges. Helping small businesses succeed is personal for us. Small businesses power local communities and are the economic engines of countries all over the world, but more than half donā€™t survive beyond their fifth year.

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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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Xero Beautiful Business Fund: Apply now to upskill your team for the future

Xero

Running a small business often means you and/or your team need to wear a few different hats to get things done. You might be an expert plumber or talented hairdresser, but that doesnā€™t mean you have all the skills you need to run a small business. Filling that skills gap by investing in training is a great step that small businesses can take to set themselves up for success by building and retaining a great team.

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Listen Up, Young Accountants: Career Advice For Sticking Out Those Early Years

Blake Oliver

Ed. note: enjoy some wisdom from a profession OG in this guest post from Blake Oliver. TLDR: Patience, intellectual curiosity, soft skills, and time management will take you far. Most importantly, advocate for yourself. Different generations in the workforce often struggle to understand each other. But experts say one thing that young professionals can do, including young accountants, is to be more patient.

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IRS shifts focus to HNW individuals and pass-throughs

Accounting Today

From more agents to the deployment of AI, the service is directing resources where the money is.

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Making a global impact

Intuit

This year, Intuit marked its 40th anniversary. A lot has changed in the company since our founding, but our commitment to live by our values and make the world a better place has never wavered. This commitment has been one of the key drivers in our ability to grow and thrive for over four decades. At Intuit, corporate responsibility (CR) and diversity, equity, and inclusion (DEI) are not afterthoughts; theyā€™re core to who we are and intrinsic parts of our business.

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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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Green Accounting: How Accountants Can Embrace Sustainability With LedgerDocs

LedgerDocs

Environmental consciousness is on the rise; sustainability isn’t just a buzzword anymore; it has become a necessity. In the coming years, industries across the board will be seeking ways to reduce their carbon footprint and minimize their impact on our planet. Accountants and bookkeepers are no exception; as one of the most paper-heavy departments , their workflow is a great place to start when it comes to limiting a business’s impact.

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CPA Mobility: Separating fact from fiction

Blake Oliver

Innovation is possible within the current framework, contends Blake Oliver.

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AICPA backs STEM accounting bill in Congress

Accounting Today

The American Institute of CPAs expressed strong support for bipartisan legislation that would establish the accounting profession as a STEM career pathway.

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How to Fully Staff Your Firm by January

accountingfly

Are you having trouble finding talent for your accounting and tax teams? You’re not alone. But w e believe you can hire and fully staff your firm by January. That may seem like a shocking statement especially since we just saw an article in Accounting Today that said 1% of firm representatives believe they can find qualified talent right now. 1%!

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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, itā€™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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Compleat Software as a Service (SaaS) Service Terms

Compleatable

The Software as a Service (SaaS) Service shall include the following support service: An advisory and explanatory service with respect to the Software involving the provision of a Support Portal, plus telephone and email consultation service (help-line) as required, to be provide between the hours of 09.00 and 17.00 UK time each day excluding English public holidays and weekends.

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How This Firm Primarily Grows By Word of Mouth Marketing w/Kayla Green

Jetpack Workflow

Podcast Summary In this episode of “Growing Your Firm,” host David Cristello interviews Kayla Green from Bactrian LLC. They discuss the firm’s impressive growth, which has largely been driven by word-of-mouth referrals rather than traditional digital marketing. Bactrian LLC offers a range of accounting services, payroll servicing, estate planning, and financial advising, positioning themselves as a one-stop shop for their clients.

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Nearly 1,000 millionaires haven't filed tax returns

Accounting Today

Close to a thousand taxpayers who earn over $1 million a year failed to file tax returns over multiple recent years, potentially owing $34 billion in taxes, according to IRS data.

Tax 331
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Why I became a Certified Pumpkin Plan Growth Strategist

Reconciled Solutions

We have some big news at Reconciled Solutions: I recently became a Certified Pumpkin Plan Growth Strategist! I am now officially trained and certified to. The post Why I became a Certified Pumpkin Plan Growth Strategist appeared first on Reconciled Solutions.

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Next-Level Fraud Prevention: Strategies for Todayā€™s Threat Landscape

Speaker: Sierre Lindgren

Fraud is a battle that every organization must face ā€“ itā€™s no longer a question of ā€œifā€ but ā€œwhen.ā€ 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, weā€™ll explore the vulnerabilities in your processes and how to fortify them effectively.

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Understanding the Accounts Receivable Process: Step-by-Step

Billing Platform

Consisting of a series of steps, the accounts receivable process refers to the money owed to a business for the purchase and delivery of goods or services. In principle the process may appear simple, however in reality it is fraught with complications and challenges. Accounts receivable (AR) provides the critical link between making the sale and receiving payment.

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Increasing Productivity in Finance

MineralTree

Today’s fast-paced business landscape demands unprecedented levels of efficiency and accuracy, especially in the finance sector. To keep pace with these changes, itā€™s imperative for financial functions to rethink their processes to boost productivity. Under the finance umbrella, accounts payable (AP) is particularly ripe for digitalization, with the potential to streamline operations and enhance efficiency.

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IRS and Treasury offer guidance on energy efficient home tax credit

Accounting Today

The Internal Revenue Service and the Treasury Department released information on two energy-related tax breaks under the Inflation Reduction Act.

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Advance from customer definition

Accounting Tools

What is an Advance from Customer? Advance from customer is a liability account , in which is stored all payments from customers for goods or services that have not yet been delivered. Once the related goods or services have been delivered, the amount in this account is shifted to a revenue account. Classification of the Advance from Customer Account The advance from customer account is typically considered a short-term liability account, since the amounts stored in it are usually settled within

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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 thatā€™s quietly messing with your organizationā€™s success? Itā€™s time to step into the spotlight and expose the ā€œdirty little secretsā€ 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.