Sat.Aug 03, 2024 - Fri.Aug 09, 2024

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Overcoming Hurdles with Outsourced Client Accounting Services

Accounting Department

As a business owner, you can face various challenges, from any direction. From staffing woes to cash flow issues and the ever-growing threat of cybercrime, you’re constantly juggling risk and reward to keep your business afloat.

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Coca-Cola to pay $6B tax bill after Tax Court ruling

Accounting Today

Beverage giant Coca-Cola said that it will pay the very old debt, but it is still appealing.

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New features to help streamline accounts payable

Xero

Managing accounts payable is a crucial part of doing business, but paying the bills can be time-consuming and inefficient. So we’re on a mission to make it easier. We’re excited to announce that, over the next few months, we’re making some enhancements to the way you manage bills in Xero. These updates will help small businesses to streamline their end-to-end accounts payable process, saving time and gaining efficiencies.

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Running with data scientists: what it’s like to work in a dynamic tech culture

Intuit

The work of data scientists isn’t easily understood. Their work begins with laying a strong data foundation to perform robust data explorations followed by employing a set of mathematical techniques and experiments to deliver durable benefits. But it is not just the promising nature of their work. The environment in which they thrive empowers them to create meaningful experiences for customers and see impact in the business world.

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Breaking Ground on Better Payment Processes: Strategies for Construction Pros

Speaker: Timothy Allsopp

Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.

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Transforming Your Business Strategy with Outsourced FP&A Expertise

Accounting Department

In today’s competitive market, small to medium-sized businesses (SMBs) face the challenge of making strategic decisions with limited resources. One area that often gets overlooked in this equation is Financial Planning & Analysis (FP&A). While it might sound like something reserved for larger corporations with extensive budgets, FP&A is crucial for SMBs aiming to maximize their potential and secure a competitive edge.

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IRS processing more ERC claims, moves moratorium date to Jan. 31, 2024

Accounting Today

The Internal Revenue Service is paying out more claims for the Employee Retention Credit program even as it gives the claims greater scrutiny, and is moving the moratorium on processing new claims from Sept. 14, 2023 to Jan. 31, 2024.

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Streamline AP: How Fidesic Enhances Two Key Performance Indicators

Fidesic blog

In the realm of Accounts Payable (AP), performance is not just about doing more work; it's about working smarter. These improvements are measured by key performance indicators (KPIs), which not only showcase your team's effectiveness but also pinpoint areas ripe for enhancement. If you're aiming to elevate your AP efficiency, understanding and optimizing these KPIs is crucial.

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Personal finance classes

Intuit

5 classes to learn personal finance skills In recent years, experts have noticed a gap in the education system. Recent graduates might be ready for their chosen career path, but do they have the personal finance skills they need to thrive in adulthood? In the US alone, only about 50% are financially literate—meaning they reasonably understand money management concepts such as budgeting, saving, and investing.

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Tech news: Accounting tech space sees major acquisitions this week

Accounting Today

Accounting tech space sees major acquisitions this week; Bitwave releases Data Fusion tool for digital assets; TaxValet gains B-corp status; and other accounting tech news.

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Our updated migration approach to move UK customers to new subscription plans

Xero

In May, we announced changes to Xero’s plans in the UK as part of our efforts to simplify Xero’s offering. The new plans, which will launch on 12 September 2024, bundle key features such as Xero Payroll, Xero Expenses, multicurrency, Xero Analytics Plus and bill payments into some plans, making it easier to choose the best option for your business or clients.

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The Growth Architect: How Financial Leaders are Unlocking Potential

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

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Streamline AP: How Fidesic Enhances Two Key Performance Indicators

Fidesic blog

In the realm of Accounts Payable (AP), performance is not just about doing more work; it's about working smarter. These improvements are measured by key performance indicators (KPIs), which not only showcase your team's effectiveness but also pinpoint areas ripe for enhancement. If you're aiming to elevate your AP efficiency, understanding and optimizing these KPIs is crucial.

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8 best practices for modernizing your AP invoice process today

Cevinio

Explore the best practices for modernizing your AP invoice process.

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On the move: Centri hires tax senior director

Accounting Today

DMJPS launches Be Greater Scholarship to celebrate 75th anniversary; Weaver adds three to transaction advisory services; and more news from across the profession.

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Introducing our 2024 Xerocon Nashville event partners

Xero

We’re officially on the countdown for Xerocon Nashville at Music City Center over August 14 and 15. And this year, we’re proud to have filled our exhibitor floor with some of the best and most loved apps for accountants, bookkeepers and small business owners alike. No matter what business needs or challenges you’re looking to solve, you’ll have over 50 exhibitors to meet and talk to, and many apps from the Xero App Store to try out for yourself.

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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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What are Large Language Models (LLMs)

Nanonets

Introduction We’ve all asked Alexa to play a song, or Siri to call someone, or ChatGPT to answer our questions. It’s quite fascinating how technology has advanced to a point where it can understand our intent and give us context aware responses. But what exactly is the technology behind all of this? Large Language Models (LLMs) are AI systems that can understand human language, and also generate context aware responses based on it.

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Be Insightful Training Session Schedule

Insightful Accountant

Insightful Accountant has released the training schedule for its Be Insightful Premium Content and Training program for the rest of the year.

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SEC proposes joint data standards

Accounting Today

The proposal, under the Financial Data and Transparency Act of 2022, will make financial data more accessible, uniform and useful to the public.

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Red Kite Learning Trust

Compleatable

“We have 14 schools using Compleat, each primary and secondary school can easily buy online with our suppliers including Amazon Business and YPO using Integrated Online Buying… “…Finance have real-time visibility of the status of all purchases and invoices across our schools…” – James Rant, Finance Director of Red Kite Learning Trust Download Testimonial The post Red Kite Learning Trust first appeared on Compleat Software.

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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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Top 5 Financial Mistakes Businesses Make and How to Avoid Them

Enterprise Recovery

Navigating the financial landscape of business operations can be daunting, regardless of the company's size. From small startups to large corporations, financial challenges constantly require careful planning and strategic decision-making. Whether managing cash flow, setting financial goals, staying compliant with taxes, or planning for growth, businesses must proactively address these challenges to ensure long-term success and sustainability.

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New! Free Webinar Series: The State of QuickBooks Desktop

Insightful Accountant

What is really going on with QuickBooks Desktop? Fourlane is offering a new webinar series to explain all of the changes with QuickBooks Desktop.

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Connecticut joins IRS Direct File free tax prep system

Accounting Today

The Treasury Department and the Internal Revenue Service said Friday that Connecticut will be the latest state to join the IRS Direct File program for free tax preparation.

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Milton Abbey School

Compleatable

“With iCompleat we have achieved this, saving a huge amount of time on invoice processing, while also granting greater visibility and process compliance across departments “…I would happily recommend iCompleat to any finance team in the Education sector…” – Terry Harding, School Accountant at Milton Abbey School Download Testimonial The post Milton Abbey School first appeared on Compleat Software.

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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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Foreign exchange accounting

Accounting Tools

How to Account for Foreign Exchange Foreign exchange accounting involves the recordation of transactions in currencies other than one’s functional currency. For example, a business enters into a transaction where it is scheduled to receive a payment from a customer that is denominated in a foreign currency, or to make a payment to a supplier in a foreign currency.

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QBO Inventory Item Limitations

Insightful Accountant

QuickBooks Online users are experiencing cost processing issues when inventory items have histories of 25-thousand or more transactions.

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Taxpayers claim $8B in clean energy credits for 2023

Accounting Today

Claims for the Residential Clean Energy Credit averaged $5,084 per tax return.

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Free tax advice?

Accounting Fun

Years ago I heard a great story that accountant Keith Lawrence assured me was true. He had taken an initial phone call from someone wanting help with their tax. After a brief conversation Keith invited them in to meet with him to see if he could help (and to see if he wanted to take them on as a client). On their arrival the 'client' looked around and expressed a little surprise that the office was smaller than he'd expected.

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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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Employer FICA match definition

Accounting Tools

What is the Employer FICA Match? The employer FICA match is a requirement for an employer to remit to the government double the amount of social security and Medicare taxes withheld from employee pay. This means that the employee is paying half of the amount remitted, and the employer is paying the other half. The FICA acronym refers to the Federal Contributions Insurance Act, which is the law that requires these matching payments.

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Navigating Current and Future IRS Changes

Insightful Accountant

Current IRS focus areas include renewable energy tax credits, corporate stock repurchase taxes, and cryptocurrency transactions. But, with the upcoming election, accountants and tax professionals are anticipating more widespread regulatory changes.

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Which states have publication requirements for business entities?

Accounting Today

It's critical that business owners comply with their state's rules, or they could face fines and other penalties.

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Amazon SageMaker Pricing Explained: What You Need to Know

Economize

Introduction to Machine Learning with Amazon Sagemaker Machine Learning, a subset of artificial intelligence enables systems to learn from data, identify patterns, and make decisions with minimal human intervention. Its applications range from everyday services like recommendation systems to complex decision-making processes in autonomous vehicles.

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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.