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 24, 2024
The CPA industry is undergoing profound change, reshaping the landscape of professional services.
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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.
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.
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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.
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 Internal Revenue Service reported further progress on offering more online tools and expanded taxpayer service.
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.
Accounting Department
JULY 25, 2024
In the world of finance, the month-end-close process is akin to the grand finale of a well-orchestrated performance. Every note must be in tune, every movement precise, and any slip-ups must be corrected before the curtain falls.
Accounting Today
JULY 22, 2024
Test your accounting knowledge on chief AI officers, Operation Hidden Treasure, and more. No. 2 pencil not required!
Cevinio
JULY 24, 2024
From understanding regulations to choosing the right software and automating processes, this guide covers everything businesses need to adapt and […]
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.
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.
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.
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.
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?
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.
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
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.
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.
Gaviti
JULY 25, 2024
Artificial intelligence is now an integral part of what makes accounts receivable software work and cash application solutions in particular. A/R departments often turn to cash application software at a point when they see a need to replace manual processes with automated ones and realize they are using their talent to complete mundane tasks or spending valuable resources on identifying manual errors that result in payment processing delays.
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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.
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.
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.
Accounting Today
JULY 22, 2024
There is a tendency to keep the clients we have, whether they are overgrown or not, or whether or not they still fit.
Billing Platform
JULY 23, 2024
TechTarget defines consumption-based pricing – also referred to as pay-as-you-go billing, metered billing or usage-based pricing – as a service provision and payment scheme in which customers pay according to the resources they use. Historically, this pricing model was the choice for utility companies. However, since its pioneering days by companies like Amazon Web Services (AWS) and Azure, this pricing scheme gained popularity and become commonplace among cloud computing, SaaS, PaaS, and IaaS c
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.
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.
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 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.
Billing Platform
JULY 23, 2024
TechTarget defines consumption-based pricing – also referred to as pay-as-you-go billing, metered billing or usage-based pricing – as a service provision and payment scheme in which customers pay according to the resources they use. Historically, this pricing model was the choice for utility companies. However, since its pioneering days by companies like Amazon Web Services (AWS) and Azure, this pricing scheme gained popularity and become commonplace among cloud computing, SaaS, PaaS, and IaaS c
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.
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.
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 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: 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.
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