Sat.Jan 20, 2024 - Fri.Jan 26, 2024

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7 Accounts Payable Trends in 2024

MineralTree

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.

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IRS adds crypto question to more tax forms

Accounting Today

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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Intuit Responds to U.S. Federal Trade Commission’s Flawed Decision

Intuit

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.

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AccountingDepartment.com Attends Vistage ChairWorld 2024

Accounting Department

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.

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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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Doubling Down on the Importance of Clean FinOps Data

FinOps Foundation

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.

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IRS and tax pros gird for filing season amid congressional uncertainty

Accounting Today

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.

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Inventory Management Strategies To Maximize Efficiency

Accounting Department

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.

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Export FOCUS-compliant Datasets

FinOps Foundation

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.

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IRS offers relief on Maryland college savings rollovers

Accounting Today

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.

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Intuit Announces New Economic and Small Business Job Data for 2023Q4

Insightful Accountant

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.

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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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Finding Top Talent To Best Serve Your Clients | Beyond the Books Podcast by AccountingDepartment.com

Accounting Department

We are thrilled to announce that Episode 11 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

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Export FOCUS-compliant Datasets

FinOps Foundation

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.

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IRS aims to simplify tax notices

Accounting Today

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.

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How to Implement New Technology in Your Firm

Insightful Accountant

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.

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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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Top 11 Cybersecurity Threats Accounting Firms Should Watch in [2024]

Ace Cloud Hosting

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.

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Leverage Granular, FOCUS-compliant Datasets for FinOps

FinOps Foundation

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.

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Tax extenders bill throws new uncertainty into tax season

Accounting Today

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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Six Things Accountants Wish Their Small Business Clients Knew

Insightful Accountant

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.

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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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Matching principle definition

Accounting Tools

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.

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Microsoft Improves Cost and Usage Data Accessibility for FinOps Practitioners

FinOps Foundation

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

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Everything accountants need to know about PEOs

Accounting Today

Managing employees can be a major roadblock for growing businesses, but PEOs can help, and ADP's Kristen Appleman explains how they work and when they might be a good fit.

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What are SMBs Looking for in their Accounting Firm?

Insightful Accountant

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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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.

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Customer definition

Accounting Tools

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.

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Can Finance and Engineering Teams See Eye-to-Eye on FinOps?

FinOps Foundation

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.

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IRS previews free Direct File tax program

Accounting Today

The Internal Revenue Service showed off its upcoming Direct File free tax preparation service ahead of its pilot test in a dozen states starting in March.

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'Business Differently' with QuickBooks Checking Envelopes

Insightful Accountant

Earn yourself 5.00% APY (annual percentage yield) on funds held in QuickBooks Checking Envelopes, that's ~70-times the national average interest rate.

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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

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

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How To Take The Pain Out Of Busy Season

Cloud Accounting Podcast

Blake and David discuss the challenges of busy season and achieving work-life balance as accountants. They also debate the value and investment risks of cryptocurrency and analyze global economic impacts like outflows from China's economy. They also review some of the latest AI trends including self-driving vehicle safety data, and examine some recent news regarding a software error falsely accusing hundreds, an SEC crypto ETF approval, and a feel-good small town tax budget balanced without rate

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How IT Executives Establish a Culture of Accountability from the Top Down

FinOps Foundation

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

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Tax Strategy: Struggling to make the Clean Vehicle Credit work

Accounting Today

As the Internal Revenue Service develops guidance to implement these statutory requirements, it is finding it necessary to make some compromises.

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One Top 100 ProAdvisor's Experience at the Hector and Carlos Garcia Conference

Insightful Accountant

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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Solve Your Firms Automation Complexities Once and For All

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.