Accounting Department
JULY 23, 2024
In today's competitive business landscape, staying ahead of the competition requires more than just a great product or service. Entrepreneurs, small business owners, and financial analysts must focus on tracking key financial metrics to ensure their company's growth and financial health.
Accounting Today
JULY 26, 2024
The Internal Revenue Service isn't in full compliance with the federal government's guidance for removal of TikTok from devices, according to a new report, but mainly because it hasn't been inserting the requirement in all its contract actions.
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Intuit
JULY 26, 2024
Art galleries in Inglewood, California, and the surrounding areas While Inglewood doesn’t have the name recognition of its larger neighbor, Los Angeles, it does offer a variety of exciting experiences for travelers. From its diverse culinary scene to world-class shopping and entertainment, there’s a little something for everyone in this city of more than 100,000.
Xero
JULY 24, 2024
“After my partner and I were attacked in our home, we had a lot of questions about how to help improve the safety of our neighbourhood and a create a sense of community where neighbours don’t hide behind high walls,” said Sheryl Ozinsky, co-founder of Oranjezicht City Farm (OZCF), a non-profit project celebrating local food, culture and community in Cape Town, South Africa.
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
FinOps Foundation
JULY 25, 2024
Key Insight: FinOps at enterprise scale requires ongoing discipline, improvement, and maintenance; even if you think you have it all right, new challenges await as your cloud footprint and utilization increases. Accenture helps clients add FinOps Capabilities sequentially – for example, “you might start with tooling and visibility and then move to forecasting” – and simultaneously establishes a regular cadence for governance meetings with both the teams consuming cloud and with senior leadership
Accounting Today
JULY 25, 2024
The PCAOB issued its annual report on its audits of brokers and dealers and noted that it's seeing at least one deficiency in 70% of the 103 audit engagements it reviewed in 2023.
Financial Ops World brings together the best financial operations content from the widest variety of thought leaders.
Xero
JULY 23, 2024
This guest blog was written by the team at GoCardless. Running a small business can mean moving between being a general manager to a customer services contact, marketing lead and, in some cases, debt collector. Without the proper processes in place, managing payments can take up too much time and even result in bigger problems. In fact, the Office of National Statistics shared that poor cash flow is responsible for up to 90% of new businesses failing.
Intuit
JULY 24, 2024
The importance of teaching financial literacy to students According to Intuit’s Financial Education survey , 81% of high school students get their financial knowledge from their parents or guardians. But approximately only 57% of adults in the U.S. are financially literate. This represents a financial knowledge gap for adolescents and how well they’re positioned to enter young adulthood with good financial habits.
Accounting Today
JULY 23, 2024
Individuals and businesses in the affected counties now have until next Feb. 3 to file various federal individual and business tax returns and make tax payments.
Compleatable
JULY 23, 2024
Watch: Automate Purchasing & Invoice Matching Seamlessly into MIP Fill in the form to access the video recording of our Compleat for Non-Profits webinar looking specifically at our API integration with MIP Fund Accounting. Name Work Email Address Job Title Watch the video Automate Purchasing & Invoice Matching Seamlessly into MIP The post Automate Purchasing & Invoice Matching Seamlessly into MIP first appeared on Compleat Software.
Speaker: Amanda Adams, Fractional CFO, CPA
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, 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.
Cevinio
JULY 24, 2024
From understanding regulations to choosing the right software and automating processes, this guide covers everything businesses need to adapt and […]
Accounting Tools
JULY 23, 2024
What are Comparative Financial Statements? Comparative financial statements are the complete set of financial statements that an entity issues, revealing information for more than one reporting period. The financial statements that may be included in this package are as follows: The income statement (showing results for multiple periods) The balance sheet (showing the financial position of the entity as of more than one balance sheet date) The statement of cash flows (showing the cash flows for
Accounting Today
JULY 22, 2024
Daniel Dustin has named Kent Absec, Brenner Allen, William Emmer and Sedrik Newbern to key leadership roles at the National Association of State Boards of Accountancy, effective Aug. 1.
Insightful Accountant
JULY 22, 2024
Retirement savings plans, particularly a 401(k), are a major consideration for many workers. Financial professionals can play a key role in helping businesses establish these plans, but the process can often be complex and time-consuming.
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.
Gaviti
JULY 24, 2024
Running a business is hard enough. Don’t let invoicing and processing slow you down. Creating efficient invoice processing procedures ensures you make the most of your time and money. So, where do you start? Understanding the top invoice processing best practices and the importance of automation will create a solid foundation for your business. What Is an Invoice Processing Cycle?
Accounting Tools
JULY 23, 2024
What is a Self-Constructed Asset? A self-constructed asset is one that a business elects to build under its own management. A common example of a self-constructed asset is when a company chooses to build an entire facility. Or, the management team might elect to design its own production equipment, usually because its products are so unique that there are no standardized machines on the market that can manufacture them.
Accounting Today
JULY 24, 2024
The Financial Accounting Standards Board issued a proposed accounting standards update to request public comments on possible changes to two of its standards.
Insightful Accountant
JULY 22, 2024
We made a slight change in the minimum qualifications for the 2025 ProAdvisor Awards, but it could significantly impact qualified applicants.
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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.
Ace Cloud Hosting
JULY 26, 2024
Embracing technology is no longer optional but necessary for staying competitive and efficient in today’s digital age. For Certified Public Accountants (CPAs) and Small to Medium-sized Businesses (SMBs), QuickBooks Cloud.
Accounting Tools
JULY 23, 2024
A fixed asset is written off when it is determined that there is no further use for the asset, or if the asset is sold off or otherwise disposed of. A write off involves removing all traces of the fixed asset from the balance sheet , so that the related fixed asset account and accumulated depreciation account are reduced. There are two scenarios under which a fixed asset may be written off.
Accounting Today
JULY 26, 2024
The accountant shortage remains an acute challenge in the U.S. and other parts of the globe, but some countries may be experiencing a comeback.
Insightful Accountant
JULY 25, 2024
Quarterly update highlights expansion on individual, business online accounts; Document Upload Tool hits 1 million submissions and more amended returns can be filed electronically.
Speaker: David Warren and Kevin O’Neill Stoll
Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng
LedgerDocs
JULY 23, 2024
Creating a system for document management is a great way to improve the accuracy and efficiency of your bookkeeping process, but there are a few common mistakes that can be made when setting up your system that can prevent you from experiencing the positive improvements. 1. Not Standardizing Document Naming Conventions The first and most common pitfall is using inconsistent naming conventions.
Accounting Tools
JULY 23, 2024
What are Market Value Ratios? Market value ratios are used to evaluate the current share price of a publicly-held company's stock. These ratios are employed by current and potential investors to determine whether a company's shares are over-priced or under-priced. The most common market value ratios are noted below. Book Value Per Share The book value per share is calculated as the aggregate amount of stockholders' equity , divided by the number of shares outstanding.
Accounting Today
JULY 26, 2024
Double-dipping on wage claims and saying masks disrupted operations are just two new hallmarks of bad Employee Retention Credit claims.
Economize
JULY 24, 2024
What is an AWS EBS Snapshot? Snapshots play an important role in AWS data management, providing a secure, reliable, and cost-effective way to back up and restore data from Amazon EBS volumes. An EBS snapshot is a point-in-time copy of your EBS volume.
Speaker: Mark Stovel
When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.
Tipalti
JULY 23, 2024
Whether you’re part of a purchasing team, a procurement department, or an employee making a purchase, odds are you’re following some kind of outlined requisition process. There’s no one correct way to initiate a requisition process, but having a working process in place is essential to making smooth, and smart, purchases in most companies.
Accounting Tools
JULY 21, 2024
What is Intercompany Accounting? Intercompany accounting is a set of procedures used by a parent company to eliminate transactions occurring between its subsidiaries. For example, if one subsidiary has sold goods to another subsidiary, this is not a valid sale transaction from the perspective of the parent company, since the transaction occurred internally.
Accounting Today
JULY 25, 2024
The Internal Revenue Service reported further progress on offering more online tools and expanded taxpayer service.
Economize
JULY 22, 2024
Introduction to AWS Split Cost Allocation Data AWS Split Cost Allocation Data is an essential feature designed to enhance cost visibility and management for Amazon EKS (Elastic Kubernetes Service) and Amazon ECS (Elastic Container Service).
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Setting the stage for successful organizational change always begins with clear, thoughtful communication. When it comes to rolling out a new travel and expense (T&E) policy, establishing a well-structured communication plan is key to ensuring that all employees understand the changes and their impact. By following a step-by-step approach, you can guide your organization through the transition, fostering smooth adoption from the outset and improving compliance.
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