How AI is transforming accounting
Accounting Today
APRIL 29, 2024
A recent survey from EY found that 90% of respondents already use at least some AI in their work, and other recent developments around the technology.
Accounting Today
APRIL 29, 2024
A recent survey from EY found that 90% of respondents already use at least some AI in their work, and other recent developments around the technology.
Xero
APRIL 28, 2024
Bank feeds are a great way to import transactions from your financial institution directly into Xero, so you can easily complete the reconciliation process. But the US is a pretty challenging market when it comes to providing high-quality bank feeds. There are more than 4,000 financial institutions, each with their own capabilities and nuances. To address this and help you get transactions into Xero more easily, we’ve been focused on improving the coverage and quality of our bank feeds.
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Accounting Department
MAY 3, 2024
We are thrilled to announce that Episode 18 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.
Fidesic blog
MAY 2, 2024
What is VendorVault? VendorVault by Fidesic is a secure vendor portal that makes it easier for your vendors to submit, manage and status check their own invoices.
Advertiser: Paycor
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!
Accounting Today
MAY 3, 2024
The landscape of Corporate Transparency Act beneficial ownership information reporting continues to evolve, and accountants and others who advise their small business clients need to stay ahead of the curve.
Xero
APRIL 28, 2024
We know how important time, attendance and scheduling (TAS) needs are for any small business. And for Australian employers, we know it is even more important because Australia has some of the most complex payroll compliance requirements in the world. Following a careful review of our current TAS solution, we have made the difficult decision to retire our Planday product on 30 September 2024.
Financial Ops World brings together the best financial operations content from the widest variety of thought leaders.
Insightful Accountant
APRIL 29, 2024
Insightful Accountant proudly announces this year's Top 100 ProAdvisors along with our Emeritus ProAdvisors of the Year. Congratulations to all being recognized for this year's awards.
Accounting Today
MAY 2, 2024
The Internal Revenue Service released an update of its Strategic Operating Plan, with improvements planned in services and technology for both taxpayers and tax professionals.
Cevinio
APRIL 29, 2024
Discover the essential role of a comprehensive training program in our latest blog, which highlights why it's the first critical step in any successful AP automation plan for automated invoice processing.
Accounting Department
MAY 2, 2024
Last week, AccountingDepartment.com Business Development Representative, Shawn Marcum hit the road and attended the CEO Coaching Make BIG Happen Summit in Miami, FL.
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
Insightful Accountant
MAY 3, 2024
May is Military Appreciation month in the US and we at Insightful Accountant want to say "Thank You" to those who are serving or have served, and to their families for their service.
Accounting Today
MAY 3, 2024
The Securities and Exchange Commission charged the fast-rising auditing firm with deliberate, systemic failures to comply with PCAOB standards for audits and reviews.
Plooto
MAY 3, 2024
What led you to join Plooto, and what has your journey been like since then? As someone who majored in Economics, I was always interested in working in fintech. When I was looking for startups to apply to, the name Plooto kept coming up. Plooto is well known in the Toronto startup space, and I thought the company would be a good fit.
Counto
MAY 3, 2024
Revolutionising Tax Workflow with AI: Highlights from Our “Let’s Talk Tax Technology” Webinar with SCTP In the fast-evolving world of tax technology, staying ahead means embracing innovation. At Counto, we not only adopt advancements; we innovate, building our own AI-powered systems. Our recent collaboration with the Singapore Chartered Tax Professionals (SCTP) for the “Let’s Talk Tax Technology” webinar is a testament to our commitment to reducing compliance
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.
Insightful Accountant
APRIL 30, 2024
It's time to recertify for most QuickBooks Online ProAdvisors ('Core' or 'Advanced'). The recertification window opens May 1 with a June 30, 2024 deadline for exam completion.
Accounting Today
MAY 2, 2024
A set of polls has found that leaders expect that generative AI will lead organizations to actually increase, not decrease, their headcount, at least in the short term.
Nanonets
APRIL 30, 2024
Businesses increasingly lean on outside contractor support for many operational functions as payroll costs balloon and global talent pools become increasingly accessible. For companies using QuickBooks, a range of self-service contractor payment options are available that, additionally, can be optimized using third-party integrations. We’ll take a quick look at paying contractors through QuickBooks, but, in reality, the process couldn’t be more straightforward for even the least te
Accounting Tools
MAY 2, 2024
What is a Self-Liquidating Loan? A self-liquidating loan is a debt that is paid off from the cash flow generated by the assets originally acquired with the funds from the debt. The scheduled loan payments are typically structured to coincide with the cash flows generated by the underlying asset. These loans are structured to have a short duration, and are used to fund temporary increases in current assets.
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.
Insightful Accountant
MAY 1, 2024
MassCPA's report highlights DE&I disparities in accounting. 80% of leaders are white, 60% male. Perception gap: 68% of leaders vs. 36% of employees feel empowered. 1 in 10 left due to lack of inclusion measures. Read more about it!
Accounting Today
MAY 3, 2024
Sen. Ron Wyden, in a letter, demanded that TurboTax refund customers who, due to a software glitch, were inappropriately encouraged to take non-optimal choices, resulting in higher taxes.
Ace Cloud Hosting
MAY 2, 2024
Thinking about getting QuickBooks to streamline your inventory and simplify accounting? Awesome! But hold on a sec… Before you proceed further, let’s make sure if it’s the right move for.
Accounting Tools
MAY 2, 2024
What is a Separate Entity? The separate entity concept states that we should always separately record the transactions of a business and its owners. The concept is most critical in regard to a sole proprietorship , since this is the situation in which the affairs of the owner and the business are most likely to be intermingled. Here are several examples of the rules to be followed when using a separate entity: An owner cannot remove funds from a business without recording it as either a loan , c
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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.
Insightful Accountant
APRIL 28, 2024
Microsoft says that the solution to the problem of having been unable to send emails from QuickBooks after updating Outlook Desktop to Version 2402 has now been resolved.
Accounting Today
MAY 2, 2024
The pace of small business job growth slackened in April, but hourly earnings ticked up to 3.34% for the month, ending a nearly two-year slowdown, according to payroll processor Paychex.
Ace Cloud Hosting
MAY 3, 2024
As accounting businesses and firms prepare for the future, many of them are realizing that empowering women is of great importance for helping their firm forge the way of doing.
Accounting Tools
APRIL 29, 2024
What is Short-Term Debt? Short-term debt is the amount of a loan that is payable to the lender within one year. Other types of short-term debt include accounts payable, commercial paper , lines of credit , and lease obligations. The balance in the short-term debt account is a major consideration when evaluating the liquidity of a business. Evaluating Short-Term Debt To evaluate short-term debt, compare the current assets figure on the balance sheet to the current liabilities figure.
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
Insightful Accountant
MAY 1, 2024
In 2024, tax tech is evolving rapidly with AI, data analytics, and blockchain. Tax pros need to adapt to these innovations for effective use.
Accounting Today
MAY 1, 2024
The U.S. Treasury Department will unveil the final version of new rules limiting a popular tax credit for electric car buyers as soon as Friday as the Biden administration races to complete regulations ahead of the November election.
Jetpack Workflow
MAY 2, 2024
Podcast Summary Today’s episode features Samantha Santaniello, partner at R.S.K Tax & Consulting. Samantha discusses the importance of setting boundaries to manage time effectively as a business owner. Host David Cristello explores topics like systems and processes for scaling a firm, balancing work and family life, and utilizing AI transcription tools.
Accounting Tools
APRIL 28, 2024
What is Sales Returns and Allowances? Sales returns and allowances is a deduction from sales that shows the sale price of goods returned by customers , as well as discounts taken by them to retain defective goods. When this amount is large in proportion to total sales , it indicates that a business is having trouble shipping high-quality goods to its customers.
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.
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