MineralTree
JANUARY 25, 2024
The past year in finance was riddled with economic uncertainty, accompanied by challenges like staffing constraints and the need to optimize efficiency with limited resources. Despite the start of a new year and promises of rate cuts on the horizon, MineralTree’s 8th Annual State of AP Report revealed that many of these trends and hurdles aren’t fading away — they’re evolving.
Accounting Today
JANUARY 22, 2024
The Internal Revenue Service has revised the question it has asked in recent years about income from digital assets such as cryptocurrency on the Form 1040 for individual taxpayers this tax season and added it for the first time to tax forms for estates, trusts, partnerships and C and S corporations.
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Accounting Department
JANUARY 24, 2024
From a manufacturing perspective, inventory is everything for business owners that can significantly impact their financial well-being. That is why effective inventory management is of utmost importance for manufacturers or other businesses that keep things on the shelves.
Intuit
JANUARY 22, 2024
Commissioners for the U.S. Federal Trade Commission (FTC) unsurprisingly announced that they have ruled in favor of themselves in a lawsuit filed against Intuit. Intuit is immediately appealing this decision, and we believe that when the matter ultimately returns to a neutral body we will prevail. There is no monetary penalty in the FTC’s order, and Intuit expects no significant impact to its business.
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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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.
FinOps Foundation
JANUARY 25, 2024
Key Insight Microsoft is expanding the cost and usage data available in the portal so that FinOps practitioners can gain insights that improve their practice. Summary Education : Microsoft wants to help organizations learn how to adopt FinOps. While tools help with implementing FinOps, the cultural shift can be more difficult, so Microsoft is focusing on teaching people about the collaboration that is required to be successful with FinOps.
Accounting Today
JANUARY 24, 2024
The House Ways and Means Committee reported the text of the Tax Relief for Workers and Families Act after voting last week to advance the bipartisan bill.
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Intuit
JANUARY 26, 2024
A recent study by Intuit Credit Karma found that Gen Z and millennials are breaking up with their partners over money. At the same time, more than a third of Gen Z and millennials think it’s okay to leave talking about finances until they’ve reached a major milestone in their relationship (like moving in together or getting engaged). The Link Between Finances and Relationships When it comes to relationships, money matters.
FinOps Foundation
JANUARY 25, 2024
Key Insight Microsoft is expanding the cost and usage data available in the portal and making more datasets available through cost management exports. Summary Education : Microsoft wants to help organizations learn how to adopt FinOps. While tools help with implementing FinOps, the cultural shift can be more difficult, so Microsoft is focusing on teaching people about the collaboration that is required to be successful with FinOps.
Accounting Today
JANUARY 26, 2024
The Internal Revenue Service and tax professionals are preparing for the start of tax season Monday, hoping for a smooth filing season like last year, although last-minute tax law changes are possible thanks to a deal working its way through Congress to revive tax breaks like a more generous Child Tax Credit.
Accounting Department
JANUARY 25, 2024
This week, AccountingDepartment.com Business Development Representative, Luke Backus, attended ADC's 10th Vistage ChairWorld in San Diego, CA! ChairWorld is a place for Vistage Chairs to come together and attend various breakout sessions, networking opportunities, and evening fun to learn new strategies, improve leadership skills, and more.
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
Intuit
JANUARY 26, 2024
A recent study by Intuit Credit Karma found that Gen Z and millennials are breaking up with their partners over money. At the same time, more than a third of Gen Z and millennials think it’s okay to leave talking about finances until they’ve reached a major milestone in their relationship (like moving in together or getting engaged). The Link Between Finances and Relationships When it comes to relationships, money matters.
FinOps Foundation
JANUARY 25, 2024
Key Insight Microsoft is expanding the cost and usage data available in the portal and making more datasets available through cost management exports. Summary Education: Microsoft wants to help organizations learn how to adopt FinOps. While tools help with implementing FinOps, the cultural shift can be more difficult, so Microsoft is focusing on teaching people about the collaboration that is required to be successful with FinOps.
Accounting Today
JANUARY 23, 2024
The Internal Revenue Service unveiled a Simple Notice initiative Tuesday to review, redesign and deploy hundreds of its notices, starting with the most common ones.
Insightful Accountant
JANUARY 25, 2024
Top 100 ProAdvisor Laurie O'Neil shares her experience participating in an event hosted by Hector and Carlos Garcia last October.
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Ace Cloud Hosting
JANUARY 25, 2024
In today’s accounting world, where computers help us work better, keeping our data safe is super important. Some new numbers show just how much we need to watch out. A.
FinOps Foundation
JANUARY 25, 2024
Key Insight Microsoft is expanding the cost and usage data available in the portal and making more datasets available through cost management exports. Summary Education: Microsoft wants to help organizations learn how to adopt FinOps. While tools help with implementing FinOps, the cultural shift can be more difficult, so Microsoft is focusing on teaching people about the collaboration that is required to be successful with FinOps.
Accounting Today
JANUARY 25, 2024
The Internal Revenue Service and the Treasury Department issued a notice to provide relief to parents who got snagged by problems with Maryland's prepaid college savings program.
Insightful Accountant
JANUARY 23, 2024
As accountants look ahead to the upcoming year, it’s important for them to note what the current landscape looks like for their small business clients. That's why you may find this 4th-Quarter data from 2023 beneficial.
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?
Accounting Tools
JANUARY 26, 2024
What is the Matching Principle? The matching principle requires that revenues and any related expenses be recognized together in the same reporting period. Thus, if there is a cause-and-effect relationship between revenue and certain expenses, then record them at the same time. In some cases, it will be necessary to conduct a systematic allocation of a cost across multiple reporting periods, such as when the purchase cost of a fixed asset is depreciated over several years.
FinOps Foundation
JANUARY 25, 2024
Key Insight Since clean, usable data underpins all of FinOps, Microsoft is expanding the cost and usage data available to you in the portal, and making more datasets available to you through cost management exports. Summary Education: Microsoft is investing in helping organizations learn how to adopt FinOps. While tools help with implementing FinOps, the cultural shift can be more difficult, so Microsoft is focusing on teaching people about the collaboration that is required to be successful wit
Accounting Today
JANUARY 23, 2024
Global fee income for accounting and audit services increased 15% to $3.6 billion, while RSM's tax revenues jumped 17% to $2.6 billion.
Insightful Accountant
JANUARY 21, 2024
Adopting new technology and implementing it into their firm is something that I see many accountants struggle with. If your systems “work,” it’s easy to fall behind on technology and overlook the potential that new solutions offer.
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.
Accounting Tools
JANUARY 22, 2024
What is a Customer? A customer is an entity that buys goods or services from third parties. Accumulating a profitable and recurring group of customers is the primary goal of a business, since this group generates revenue for the business. A company that wants to remain profitable will closely follow the satisfaction levels of its customers and change its practices to match their requirements, so that they are willing to continue placing orders.
FinOps Foundation
JANUARY 24, 2024
Key Insight: Assuring Finance leaders that cloud providers are committed to optimizing (and reducing) the cost of cloud services can help give executives confidence to approve cloud migration and usage. A memorable moment for Jennifer, who is Head of Engineering Excellence, was a conversation with Fidelity’s head of Finance, who explained that she has a personal fiduciary responsibility to ensure the company is spending wisely.
Accounting Today
JANUARY 26, 2024
The Public Company Accounting Oversight Board also permanently barred a sole practitioner in New York.
Insightful Accountant
JANUARY 24, 2024
Surrounded by a passionate group of QuickBooks Accountants, Bookkeepers and ProAdvisors, Dave Talach asked the question, "What's one thing you wish your small business clients knew?" Here are some of his favorite answers.
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.
Accounting Tools
JANUARY 22, 2024
What is Common Stock? Common stock is an ownership share in a corporation. The holders of common stock have voting rights at shareholder meetings and the opportunity to receive dividends. If the corporation liquidates , then common stockholders receive their share of the proceeds of the liquidation after all creditors and preferred stockholders have been paid.
FinOps Foundation
JANUARY 24, 2024
Key Insight: Hosting weekly meetings for engineers to share tips and tricks can help establish a collaborative, cost-conscious culture. Aside from a top-down focus and investment into FinOps, Athene also finds value in hosting a weekly ‘cloud demo’ where engineers share tips and tricks for building applications and addressing FinOps. It helps to establish a cost-conscious culture and a sense of community, while upleveling Athene’s engineers, who have experienced rapid change as Athene went from
Accounting Today
JANUARY 25, 2024
As the Internal Revenue Service develops guidance to implement these statutory requirements, it is finding it necessary to make some compromises.
Insightful Accountant
JANUARY 23, 2024
A recent report from BILL, the Accounting Firm Hireability Index, highlights what small and medium-sized businesses (SMBs) are looking for when choosing and retaining their accountants.
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