Sat.Jul 08, 2023 - Fri.Jul 14, 2023

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How to Build a Dream Accounting Team

LedgerDocs

Every successful business has been built on the back of a strong accounting and bookkeeping team. A strong financial team should be instrumental in ensuring that the books are accurate, the business is remaining compliant with tax regulations and is profitable and they are leading the charge in financial decision-making. But to create such successful bookkeeping requires planning, strategic hiring, and creating an environment that encourages collaboration and personal development.

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IRS whistleblower awards tick up

Accounting Today

They still haven't recovered their levels of three years ago, though

Tax 264
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Understanding the Important Roles of Inventory Management in E-Commerce Accounting

Accounting Department

This article recaps the important role of inventory management in e-commerce and the vital ways it helps businesses control costs and improve customer relationships.

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Business as usual for Xero Mid-Size Firm of the Year winners: Sempar Accountancy and Tax

Xero

Sempar Accountancy and Tax have been crowned the Xero Mid-size Firm of the Year at the 2023 Xero Awards for UK and Ireland. This award recognises their innovative practice and unwavering commitment to delivering exceptional client service. We take a look at what sets Sempar apart, and how the firm has helped their clients achieve their business goals.

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Forecasting Failures Are Costly: Here's How To Fix Them

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

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Webinar Coming Up! Reducing Accounting Overhead for Long Term Care

Fidesic blog

Is your organization highly mission focused? This webinar is for you. Healthcare, Non-Profits, Dental & Long Term Care professionals, check it out.

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IRS offers transition relief for RMDs

Accounting Today

The service plans to issue final regs related to required minimum distributions from retirement accounts in light of the SECURE 2.0 Act.

More Trending

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Automating Invoice Processing with OCR and Deep Learning

Nanonets

This post is mostly going to focus on invoice OCR and invoice information extraction using OCR and deep learning. We will also touch upon what is wrong with the current state of invoice recognition OCR and information extraction in invoice processing. For a long time, we have relied on paper invoices to process payments and maintain accounts. Reconciling invoices typically involves someone manually spending hours browsing through several invoices and jotting things down in a ledger.

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2028 and Beyond Poll - Dynamics GP Partners

Fidesic blog

Microsoft Partners, We have launched a 6-question poll series exclusively on LinkedIn to find out where how the Dynamics GP Community is preparing for 2028 and Beyond. Check out and follow #2028andBeyondPoll for the current question.

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IRS expands assistance centers

Accounting Today

The agency is also planning in-person visits to help taxpayers in underserved areas.

Tax 246
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Another Fine ProAdvisor Mess.

Insightful Accountant

Have you gotten an email saying your ProAdvisor status expired June 30, even though you passed recertification? Well, I did.

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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

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How To Combine Multi-Cloud Spend Into One Single View

CloudZero

Picture the last time you were sitting at your desk trying to make sense out of the multiple cloud provider bills you just received. The amounts all change from month to month, and you can’t really compare them against each other because they all use different formats.

Billing 96
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Talent Attraction and Retention Using Bonuses

Reconciled Solutions

If you want to pay a bonus outside of your regular payroll, you should run a bonus payroll in Gusto. Here are some tips for doing it right. The post Talent Attraction and Retention Using Bonuses appeared first on Reconciled Solutions.

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IRS plans improvements in tax pro accounts and new business online accounts

Accounting Today

The Internal Revenue Service is making progress on its modernization efforts after receiving billions in extra funding.

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Diagnose Your Apps from 'My Apps'

Insightful Accountant

This new app dashboard keeps you better informed regarding app-related connection issues.

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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.

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Organic organizational structure definition

Accounting Tools

Related Courses New Manager Guidebook What is the Organic Organizational Structure? An organic organizational structure is characterized by an extremely flat reporting structure within an organization. In this organization, the span of control of the typical manager encompasses a large number of employees. Interactions among employees tend to be horizontally across the organization, rather than vertically between layers of managers and their direct reports.

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How to Forecast Accounts Payable Accurately

MineralTree

Accounts payable forecasting is a lot like gazing into a crystal ball — it enables businesses to predict and plan for upcoming financial obligations. By understanding how to forecast accounts payable accurately, organizations gain valuable insights into their data, which in return helps them make smarter financial decisions and avoid unforecasted expenses.

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Tech News: KPMG to invest $2B in AI

Accounting Today

Plus, AuditFile relaunches Advantage Audit as AuditFile Advantage Audit AI; JustWorks releases JustPayroll; and other accounting technology news.

Auditing 246
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Still More Top 100 Clues from Our Award Recipients

Insightful Accountant

Continuing with his 'Clues about Top 100 2024' series, Murph examines what another award recipient's formal application reveals about the 'quest for the best.

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How To Break Digital Transformation Barriers And Accelerate AI Adoption

Speaker: Anna Tiomina, MBA

AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?

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Adverse opinion definition

Accounting Tools

Related Courses How to Conduct a Compilation Engagement How to Conduct a Review Engagement How to Conduct an Audit Engagement What is an Adverse Opinion? An adverse opinion is a statement made by an entity’s outside auditor , that the entity’s financial statements do not fairly represent its results, financial position , and cash flows. The opinion may also be issued if certain required disclosures do not accompany the financial statements, or if the entity has not prepared its financial stateme

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A New Formula For Businesses To Follow In Pursuit Of Profit

Reconciled Solutions

Profit First asserts that we need to flip the generally accepted accounting principle for profit around. Here's why it works. The post A New Formula For Businesses To Follow In Pursuit Of Profit appeared first on Reconciled Solutions.

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Senate report confirms data leakage from tax software

Accounting Today

A Senate investigation has concluded that major tax software providers have been sending sensitive personal information to tech companies like Meta and Google.

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QBO Monday Minute: Business Overview Widget Editing

Insightful Accountant

Liz Scott shows us how the recently launched feature in QuickBooks will help accountants keep track of important financial information such as revenue, expenses and cash flow.

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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

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Net realizable value definition

Accounting Tools

Related Courses Accounting for Inventory How to Audit Inventory What is Net Realizable Value? Net realizable value is the estimated selling price of goods, minus the cost of their sale or disposal. It is used in the determination of the lower of cost or market for on-hand inventory items. The deductions from the estimated selling price are any reasonably predictable costs of completing, transporting, and disposing of inventory.

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Maximizing Profitability with Enterprise Payment Solutions

Billing Platform

After you’ve fulfilled your end of the transaction, you want and need to receive funds as quickly as possible; however Automated Clearing House (ACH) payments can take hours or even days to clear. In today’s digital era, waiting for funds to become available is quickly becoming a thing of the past. This is where advanced digital payments and enterprise payment solutions come into play.

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Congress proposes tax relief to spur U.S-Taiwan trade

Accounting Today

A draft of legislation aims at reducing double taxation for employees and businesses involved in cross-border investment between the two countries

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Bridging the Gap: Between the Generations

Insightful Accountant

'The Unique CPA Conference 2023' unites accounting professionals seeking to enhance their careers and contribute to the advancement of the accounting profession.

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Maximizing Profit and Productivity: The New Era of AI-Powered Accounting

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

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The difference between capital expenditures and revenue expenditures

Accounting Tools

Related Courses Accountants’ Guidebook Bookkeeping Guidebook Fixed Asset Accounting Capital expenditures are for fixed assets , which are expected to be productive assets for a long period of time. Revenue expenditures are for costs that are related to specific revenue transactions or operating periods, such as the cost of goods sold or repairs and maintenance expense.

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Discover The Benefits of an End-To-End CapEx, Budgeting, and Payment System

NextProcess

There are a ton of business process automation (BPA) software solutions on the market. Search for “AP Automation Software,” and you’ll find hundreds of results. With so many options, how can you narrow down your choices if you want to improve your business processes? One of the biggest potential benefits of automating business processes is that the software makes it easier to create an end-to-end solution for the procure-to-pay cycle.

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Tax Fraud Blotter: Concrete evidence

Accounting Today

Poor Quality; for king and country and cash; a penny saved; and other highlights of recent tax cases.

Tax 246
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Advisor Alliance: Finale Inventory

Insightful Accountant

In this edition of Advisor Alliance, Murph introduces the benefits and rewards of becoming a Partner with Finale Inventory.

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Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.