Sat.May 04, 2024 - Fri.May 10, 2024

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Reporting expenses by function

Accounting Tools

What Does it Mean to Report Expenses by Function? When expenses are reported by function, they are being reported by the type of activity being conducted. Examples of income statement line items that are presented by function are administrative expenses , financing expenses, manufacturing expenses, marketing expenses, and selling expenses. Or, a nonprofit entity that reports expenses by function could do so by aggregating its expenses into the following general functions: Programs, fund raising,

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After five years in an accounting career, what's next?

Accounting Today

Here are some suggestions to help you take your job, your career — and our profession — to the next level.

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Protected: Empowering today’s generation: equipping students nationwide with financial literacy

Intuit

This content is password protected. To view it please enter your password below: Password: The post Protected: Empowering today’s generation: equipping students nationwide with financial literacy appeared first on Intuit Blog.

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Fidesic Launches New MoversSuite Integration for Dynamics ERP Accounts Payable

Fidesic blog

Fidesic and EWS Group have partnered to better support moving companies using MoversSuite with integrations to Microsoft Dynamics GP or Business Central.

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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 With construction projects becoming more complex, outdated processes are no longer sustainable.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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Recognizing Our Military Spouses - Happy 2024 MilSpouse Appreciation Day!

Accounting Department

Our AccountingDepartment.com family is proud of its vibrant and diverse “cast of characters”—we span the country with our team members coming from all backgrounds and personalities. Included among our team are some amazing Military Spouses whose hard work, dedication, and contributions are part of what makes our family so strong—and theirs as well.

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6 ways to use AI in your firm

Accounting Today

They say artificial intelligence will change the world, and in many ways, it already has. But AI's rapid advancements have been a source of stress for professionals like accountants. Will you be automated out of a job?

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Digital 55 – Pioneering Creative Content with A Strategic Financial Partnership

FundThrough

Introduction Crafting the Future of Content through Strategic Financial Agility Digital 55, an avant-garde digital studio, blends creative storytelling with cutting-edge technology to produce dynamic media and digital learning experiences. Under the leadership of founder and Chief Creative Officer, Lauralee Sheehan—an indie musician turned digital innovator—the company has carved a niche in creating impactful digital […] The post Digital 55 – Pioneering Creative Content with A Strategic Fi

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The Road to ERP Success: Navigating the Pitfalls with NetSuite

Accounting Department

An enterprise resource planning (ERP) system acts as the central nervous system for a business, integrating core processes needed to run a company into a single system. However, the path to ERP success is fraught with challenges.

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SEC climate rule has wide implications

Accounting Today

The SEC's guidance is a part of a much broader movement as the U.S. strives to catch up with Europe.

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This tax season, we saw more reasons why the tax code should be more simple, fair, and transparent

Intuit

Over the last 30 years, the tax code has more than tripled in size. That’s three times the amount of complexity and headaches for many families. For our Intuit TurboTax customers, we’ve helped make the complicated easy for decades, continuously improving and evolving our product to help taxpayers navigate the pages, and pages , and pages of complicated code.

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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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Insightful Accountant's Top 50 International ProAdvisors for 2024

Insightful Accountant

Insightful Accountant is proud to announce our Top 50 International ProAdvisors for 2024. Congratulations to this year's International award recipients.

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Transforming GovCon Accounting with Technology

Accounting Department

The government contracting sector is highly regulated and requires strict compliance with Defense Contract Audit Agency (DCAA) regulations. With ever-evolving regulations and a complex accounting system to manage, the government contract (GovCon) industry has a steep learning curve for small and medium-sized contractors. However, technology has revolutionized business processes by simplifying accounting and ensuring DCAA compliance.

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Making the (use) case for AI

Accounting Today

Accounting firms that have embraced artificial intelligence are primarily using it to analyze documents, automate tasks and bolster client communication.

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Greg Johnson returns to Intuit as EVP, Chief Commercial Officer and Global Small Business Self Employed Group Chief Revenue Officer

Intuit

Greg Johnson, has returned to Intuit as EVP, Intuit Chief Commercial Officer and Global Small Business Self Employed Group Chief Revenue Officer. In his Chief Commercial Officer role, Greg will partner across Intuit brands to accelerate Intuit’s commercial growth strategy. This will include customer-back segmentation, product lineup, pricing, and go-to-market activities, as well as brand, marketing and communications for the company.

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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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"Thank You" Intuit Trainer/Writer Network Members

Insightful Accountant

While Intuit has sunset the Trainer/Writer network and gone back to the drawing board on how to provide training and education for the QuickBooks Community, Insightful Accountant wants to thank all Trainer/Writer Network members.

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Types of income statements

Accounting Tools

The income statement reports on the revenues , expenses , and profits of an organization. There are several types of income statement formats available, which can be used to present this information in different ways. The key variations on the income statement are noted below. Classified Income Statement The classified income statement uses subtotals for the gross margin, operating expenses, and non-operating expenses.

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Generative AI may let tax pros charge more

Accounting Today

A recent survey has found that 40% of tax professionals believe generative AI will allow them to demand higher rates, in comparison to 6% who said rates will decrease.

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Double-Entry Bookkeeping Explained

Dext

What can double-entry bookkeeping teach you about your business? As a business owner, you might not have given double-entry bookkeeping much thought. While you don’t need to worry too much about the mechanics of it, the figures that the process generates can unlock a huge amount of invaluable business intelligence.

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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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Getting to Know QuickBooks Desktop Alternatives

Insightful Accountant

During the upcoming Insightful Accountant Future Forward Event Murph will be presenting two sessions on Migrating from QuickBooks Desktop. One focuses on apps suitable for QBD Pro users, and the other QBD Premier users.

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Essential Steps When Changing Your Company’s Registered Address in Singapore

Counto

Essential Steps When Changing Your Company’s Registered Address in Singapore When you change your company’s registered address in Singapore, it’s crucial to ensure all related legal and operational updates are handled meticulously to comply with local regulations and maintain smooth communications. 1. Update Your Company Secretary Records As a general rule, it is crucial to notify your company secretary of any changes to your company’s information and/or address.

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AI's critical role in enhancing cybersecurity

Accounting Today

Among the concerns of using AI in accounting are the potential risks to the security and privacy of data.

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The Ultimate Guide to Automated Bookkeeping Software

Dext

In recent years, technology in bookkeeping has developed at a rapid pace. Driven by the continued rollout of the governments’s initiatives (such as Making Tax Digital in the UK, or GST in Australia), these tools have evolved to automate an ever-increasing range of bookkeeping tasks that were once tedious and time-consuming.

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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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Contributing App Analysts for eCommerce Needed

Insightful Accountant

While we received some 'generic' App interest to our last posting, Insightful Accountant is currently looking for a few good ProAdvisors who can provide analysis specifically of eCommerce apps.

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How to Choose Between Accounts Receivable Factoring and Financing: Key Considerations

FundThrough

In this current economic environment, healthy cash flow is critical. According to a JP Morgan & Chase report, only half of all small businesses hold a cash buffer of less than one month. For companies facing the challenge of maintaining a robust cash flow, deciding on the right lending partner and/or financial solution is key. […] The post How to Choose Between Accounts Receivable Factoring and Financing: Key Considerations appeared first on FundThrough.

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IRS adjusts HSA amounts for inflation in 2025

Accounting Today

The Internal Revenue Service issued the annual inflation adjustments for health savings accounts in 2025 as prices continue to rise.

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How to Apply for Halal Certification: A Comprehensive Guide for SMEs

Counto

How to Apply for Halal Certification: A Comprehensive Guide for SMEs Navigating the Halal certification process can seem daunting, but it’s a powerful strategy for businesses aiming to expand their reach and cater to Muslim consumers. At Counto, we’re dedicated to simplifying this process for SMEs, small business owners, and entrepreneurs.

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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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Data Cleanup: Balancing the Balance Sheet

Insightful Accountant

In preparation for next week's QB Talks about Finding and Cleaning Up Bad Data, I thought I'd talk about one of my favorite issues. Failure to Balance the Balance Sheet.

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Will AI Replace Accountants? (Find The Answer)

Ace Cloud Hosting

Will AI replace accountants in near future? It’s a question on many minds. The world is evolving fast, especially with technology. As someone in accounting, you’re probably curious about what.

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Meet the Best Firms for Technology for 2024

Accounting Today

Accounting Today's annual selection highlights some of the most cutting-edge practices in the country.

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Navigating Debt Collection Challenges in the Tech Industry

Enterprise Recovery

The tech industry is known for its rapid growth and innovation but faces unique challenges regarding debt collection and non-paying clients. Understanding the intricacies of debt collection in this sector is essential for companies to recover payments and maintain financial stability. Learn more about the complexities of debt collection within the tech industry and the strategies for successful payment recovery.

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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.