Sat.May 18, 2024 - Fri.May 24, 2024

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Art of Accounting: Data focus plan

Accounting Today

Strategic planning meetings and retreats for the firm should be free of distractions to be successful.

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AccountingDepartment.com Earns a Spot on the Woodard 2024 Top 50 Accounting Services Practice List

Accounting Department

We are thrilled to announce that AccountingDepartment.com has been awarded a spot on the Woodard 2024 Top 50 Accounting Services Practice list. Earning this distinction is a testament to AccountingDepartment.com's commitment to excellence for its clients.

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Intuit Aligns TurboTax and Credit Karma to Create Seamless End-to-end Consumer Experiences

Intuit

To significantly accelerate creating seamless, end-to-end consumer experiences that customers benefit from year-round, Intuit is more closely aligning TurboTax and Credit Karma under Mark Notarainni, executive vice president and general manager of the Consumer Group. Joe Kauffman, currently President of Credit Karma, has been named CEO of Credit Karma, effective August 1, 2024.

Tax 130
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How to Use Microsoft Machine Learning Studio for Non-Developers

Fidesic blog

Want to get started building Machine Learning environments in accounting?

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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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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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Melancon to retire at year's end

Accounting Today

The long-time head of the AICPA — and one of the foremost leaders of the profession — will step down on Dec.

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QuickBooks Desktop is Sunsetting - Here's What You Need to Know

Accounting Department

In a move that mirrors the broader trend towards cloud-based solutions, QuickBooks has announced it is sunsetting its Desktop version. If you're a QuickBooks user or a small business owner reliant on this software, this news may initially sound alarming. However, this transition opens up a new chapter of efficiency, accessibility, and integrated services through QuickBooks Online.

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4 Ways Accountants & Bookkeepers Can Turn Client Payroll & HR Data Into Business Intelligence

The Successful Bookkeeper

For bookkeepers, learning is continuous, and this season provides a great opportunity to refocus and level up.

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Accounting Today news quiz: May 23

Accounting Today

Test your accounting knowledge on AI job opportunities, M&A, and more. No. 2 pencil not required!

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QuickBooks Online Payroll: "New" Digitized I-9 Form

Insightful Accountant

QuickBooks Online Payroll has recently added a digitized I-9 process that works as part of QuickBooks Workforce. Murph takes you through the steps of using this new functionality.

Payroll 105
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Beef up the benefits of automation with a well-defined invoice approval process

Cevinio

Dive into the transformative effects of automating invoice approvals with Cevinio, highlighting how it enhances efficiency, accuracy, and compliance […]

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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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Purchase Order

Tipalti

Learn about the key aspects of purchase orders and how they can affect your procurement process and invoice management. Optimize your PO processing today for business efficiency.

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IRS tax audits may show unintended racial, ethnic bias

Accounting Today

The Internal Revenue Service doesn't collect data on taxpayers' race or ethnicity, but some of its methods could lead to disparities in its audit rate.

Auditing 331
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Future Forward Starts Tomorrow

Insightful Accountant

Day 1 of Future Forward begins tomorrow, May 21, 2024 at 11:00 AM Eastern-daylight-savings Time. It a power packed day of education that can impact your clients and your practice.

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The wisdom of being a lazy CPA

Blake Oliver

Once you see how much more value you and your managers can deliver to the firm when you're freed up from doing routine client work, you'll never want to go back to the old way of doing business.

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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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The Impact of Timing Can Maximize Payment Collection

Enterprise Recovery: Accounts Receivable

Timing plays a crucial role in optimizing payment collection strategies. Payment deadlines, reminders and utilizing technology can help increase the likelihood of on-time payments. The basic gist is this - the sooner you can attempt to collect on past-due payments, the more successful you will be. Strategically timing payment collection efforts can enhance the overall collection process and increase the success rate in recovering past-due payments.

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Two-thirds of businesses say audits hinder growth

Accounting Today

Traditional audits may hinder business growth potential as accounting firms are slow to embrace modern approaches, according to an Inflo report.

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Woodard® announces the keynote speakers for the 2024 Scaling New Heights® conference

Insightful Accountant

Scaling New Heights® conference will be held June 16-19, 2024, in Orlando, Florida and will feature some of the most inuential and dynamic voices in accounting, bookkeeping, and business to encapsulate their theme of “Boldly Go”.

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QuickBooks Enterprise Silver, Gold, Platinum, and Diamond: What’s the Difference?

Ace Cloud Hosting

QuickBooks Enterprise is a powerful accounting software designed for midsized to large businesses. It has the most advanced features compared to other editions of QuickBooks. Its core functionalities encompass advanced.

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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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Top 10 Arabic OCR Software in 2024 (Free & Paid)

Nanonets

Are you looking for Arabic OCR Software? Try Nanonets OCR for free. Trusted by 500+ enterprises to extract data from 30Mn+ documents. Start a free trial or request a callback. Try Nanonets OCR Schedule a Demo Need to extract Arabic text from documents so that it can be edited and stored? An Arabic OCR software can help you achieve just that. The Arabic language is written in a script that differs from the Western alphabet.

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IRS extends Free File through 2029

Accounting Today

The program with third-party tax vendors will continue for another five years despite the IRS's recent Direct File pilot test.

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The Power of Words: How to Build Trust & Empathy In Healthcare

RevCycle

In the realm of healthcare, customer service takes on a whole new meaning. It’s not just about resolving billing issues or appointment scheduling; it’s about navigating sensitive situations, fostering trust, and providing a sense of comfort during a potentially stressful time. Here’s where the power of words comes into play. Words Can Build Bridges (or Walls) The language we use in healthcare customer service has a profound impact on patients.

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CCH ProSystem fx Hosting Benefits: Top Reasons to Move on Cloud

Ace Cloud Hosting

For tax professionals and firms, efficiently managing large volumes of paperwork, saving multiple forms, and maintaining various documents can be daunting. During the hectic tax season, gathering all this information.

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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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CAS vs. CAAS vs. Profit First w/ Ron Saharyan

Jetpack Workflow

Podcast Summary On this episode of Growing Your Firm, host David Cristello welcomes back Ron Saharyan , co-founder of Profit First Professionals. They explore the concept of value pricing and its importance in pricing services based on the value provided. The conversation delves into various topics, with a promise of exciting announcements between Jetpack and Profit First at the end of the episode.

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CAQ asks PCAOB to delay standards

Accounting Today

The Center for Audit Quality wants the Public Company Accounting Oversight Board to postpone sending two of its newly approved standards, on quality control and auditor responsibilities, to the SEC for final approval.

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Maximizing New Small Business 401(k) Tax Credits

Insightful Accountant

Under the SECURE 2.0 Act, small businesses offering qualified retirement plans like 401(k)s may now qualify for tax credits to reduce plan costs.

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Ace Cloud Is Going to Scaling New Heights 2024

Ace Cloud Hosting

We’re excited to announce that Ace Cloud is going to be a part of Scaling New Heights (a leading accounting technology event and the largest gathering of bookkeepers and accountants.

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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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A Clear & Simple Guide to Accounting Workflow Management

Jetpack Workflow

We’ve talked with hundreds of accounting professionals over the years and gained an inside look at how the top CPA firms organize their client work. The difference between an unorganized accounting firm and one that runs like clockwork is that organized firms implement and continually improve their workflows. In this guide, we’ll explain the importance of accounting workflows, offer examples and an accounting workflow management solution you can start using today, and share how to overcome cha

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AICPA names Carla McCall as new chair

Accounting Today

The American Institute of CPAs elected the managing partner of AAFCPAs as its next chair.

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The Strategic Benefits of Outsourcing Bookkeeping for Small Businesses

Less Accounting

For small businesses, finding the right balance between managing core operations and handling finances can be challenging. Bookkeeping is crucial for understanding your business’s financial health but can be time-consuming and error-prone if not managed properly. Outsourcing bookkeeping services offers a solution that blends cost savings, efficiency, and expert financial insights, which can be transformative for small businesses.

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Top Challenges Accounting Firms Face – Blog Series Part 3 – Moving to Advisory

Ace Cloud Hosting

Welcome to the third installment of our blog series on accounting firms’ top challenges. In the previous blog, we explored the challenges of adopting IT and innovation in the industry.

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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.