Sat.Oct 12, 2024 - Fri.Oct 18, 2024

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Starting on the Right Foot: Utilizing CFO Support Services in 2025

Accounting Department

Imagine having access to top-tier financial expertise without the full-time cost. That's precisely what CFO Support Services offers. In today's fast-evolving business landscape, financial acumen is not just a luxury but a necessity for growth and sustainability. Entrepreneurs and small-to-medium business (SMB) owners often juggle multiple roles, and strategic financial management is frequently overlooked.

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CPAs race to prepare clients for end of universal wallet accounting

Accounting Today

Starting in January, cryptocurrency will need to be reported to the IRS on an account-by-account basis versus the "universal wallet" approach most had been using.

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2025 Industry Trends for Community Managers

AvidXchange

For community association management (CAM) companies, staying updated on industry trends is important for maintaining efficient operations, meeting evolving resident needs, and adopting new technologies. In August 2024, AvidXchange surveyed 500 accounting and finance leaders to learn their top priorities and concerns for 2025. Our “ 2025 Finance Focus ” guide shares details on the top seven trends that emerged from their responses.

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Cost-Aware Product Decisions

FinOps Foundation

Key Insight: FinOps is continuing to shift from managing cost as an operational afterthought to a key consideration in the product design process. Data-driven business conversations about what to build, which features to include, and where to build it are now happening before engineers are handed requirements to start developing. FinOps teams can estimate, monitor, and optimize the unit cost of a product or service from inception to help drive cost-aware product decisions before architecture beg

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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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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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Celebrating Atlanta Pride with Intuit Mailchimp

Intuit

This year, Intuit Mailchimp employees took to the streets to affirm that “We see you.” I’m Sam Vaughn, a senior program manager at Intuit Mailchimp. I work on employee programs and events, producing activations for Mailchimp and our Atlanta HQ. Most of our employee events happen onsite, so the Atlanta Pride Parade is especially exciting being able to bring the Intuit culture to the community.

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Intuit cuts TurboTax ad after tax pros object

Accounting Today

The National Association of Tax Professionals criticized an ad promoting Intuit's TurboTax full-service option, saying it encouraged taxpayers to leave their professional preparers.

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Oct 17, Learning QuickBooks® | Avoiding Common Data Entry Mistakes

Bookkeeping Essentials

For the work from home business owner who does their own bookkeeping, learning QuickBooks® tips to avoid beginner mistakes makes your life a whole lot easier!

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IRS Warns Taxpayers of Charity Scams Following Recent Hurricanes

Insightful Accountant

In the aftermath of Hurricanes Milton and Helene, the Internal Revenue Service today cautioned taxpayers of scammers who use fake charities to gather sensitive personal and financial data from unsuspecting donors.

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Tax Strategy: Tax assistance for natural disasters

Accounting Today

So far, around 150 federal disaster declarations have already been announced for 2024, involving 44 states, two territories, and half a dozen Native American tribes or bands.

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Empowering Non-Profits: Why Financial Efficiency is Just as Important

Compleatable

A Life-Changing Decision: From Accountancy to Charity Work When I graduated from university, I found myself at a significant crossroads. Should I immediately dive into my accounting career, taking on audit training and pursuing the Chartered Accountant exams, or should I take a step back to give something back to society? Much to my family’s dismay, I chose the latter and spent the next two years working at a night shelter charity for homeless men in Leeds.

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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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Avoiding Hallucinations: Using Confidence Scores to Trust Your LLM

Nanonets

Introduction Large Language Models (LLMs), no matter how advanced or powerful, fundamentally operate as next-token predictors. One well-known limitation of these models is their tendency to hallucinate, generating information that may sound plausible but is factually incorrect. In this blog, we will - dive into the concept of hallucinations, explore the different types of hallucinations that can occur, understand why they arise in the first place, discuss how to detect and assess when a model is

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Changed Your Mind About 'Intuit'?

Insightful Accountant

Last week we asked you to tell us what you thought about recent Intuit actions and announcements. This week we want to know if you have changed your mind after their 'Showcase' last Thursday. Please take this short survey.

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EY beefs up use of AI amid $1B investment

Accounting Today

Ernst & Young is leveraging its $1 billion investment in talent and technology to expand the use of artificial intelligence and machine learning over the next four years.

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Compleat partners with Satago

Compleatable

Compleat partners with Satago as their Invoice finance solution partner Compleat today announced a new partnership with Satago. This new partnership will give Compleat’s customers access to a leading Invoice Finance management solution with additional benefits of real time credit checking, automated payment chasing & access to flexible finance. “We are thrilled about this partnership with Satago, as it represents a significant step forward for both our companies combining the best

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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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Risk Awareness: A Crucial Initiative for Organizations

Reconciled Solutions

Risk Awareness Week is chance to assess, understand, and manage potential risks, from cybersecurity threats to financial instability. The post Risk Awareness: A Crucial Initiative for Organizations appeared first on Reconciled Solutions.

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Invoice Billing Software: Get Paid As Soon As Possible

Billing Platform

Invoice billing software encompasses more than just sending an invoice. It’s at the very center of your ability to maintain a healthy cash flow. If you’re still managing invoices manually or using an outdated billing solution, chances are you’re encountering payment delays. Make Payment Delays a Thing of the Past Your goal is to generate revenue, and a healthy business relies on a steady stream of revenue.

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IRS accelerates ERC claims processsing

Accounting Today

The Internal Revenue Service says it is processing some 400,000 claims for the Employee Retention Credit, representing about $10 billion of eligible claims.

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Compleat Software Celebrates Q3 2024

Compleatable

As Q3 of 2024 has drawn to a close, Compleat Software is proud to reflect on a period of impressive growth and success. This quarter has been a landmark for us, driven by exciting customer wins, increased industry adoption, and significant expansion in our supplier network. We’re thrilled to share the details of what has been one of our most transformative quarters to date.

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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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The Art of Getting Paid, Part 3: Using QuickBooks to Manage the Collections Process

Reconciled Solutions

Keep reading to find out how you can use QuickBooks Online to make your collections process even more effective. The post The Art of Getting Paid, Part 3: Using QuickBooks to Manage the Collections Process appeared first on Reconciled Solutions.

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The difference between GAAP and IFRS

Accounting Tools

There are two major accounting frameworks in use in the world today, which are Generally Accepted Accounting Principles ( GAAP ) and International Financial Reporting Standards ( IFRS ). GAAP is primarily used in the United States, while IFRS has been adopted in most other countries. Though the organizations responsible for these two frameworks have engaged in talks to minimize the differences between the frameworks, there are still several significant differences.

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Key business tax moves to consider, whoever wins on Nov. 5

Accounting Today

With the November election mere weeks away, there is still time for tax pros to ponder the strategies available to meet the proposals of each candidate.

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VAT Changes for Independent Schools in the UK: What You Need to Know

Compleatable

As of recent announcements , independent schools in the UK are facing significant changes regarding VAT. These reforms, part of a broader tax overhaul, could reshape the financial landscape for private education and have far-reaching effects on families, school management, and the wider educational ecosystem. Here’s an in-depth look at what’s happening and how it might affect the sector.

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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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How to Know What Financial Services a Small Business Needs

Nolan Accounting Center

It is easy to see that sales are the lifeblood of every business. Financial management can be regarded as the heart of every business, and financial services are the heart’s function. Financial management is, therefore, critical for the health and success of every business. Thus, owners need to determine what financial services a small business may need.

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Capitalized cost definition

Accounting Tools

What is a Capitalized Cost? A capitalized cost is recognized as part of a fixed asset , rather than being charged to expense in the period incurred. Capitalization is used when an item is expected to be consumed over a long period of time, typically more than one year. If a cost is capitalized, it is charged to expense over time through the use of amortization (for intangible assets ) or depreciation (for tangible assets ).

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AI and the risk of inflation expectations

Accounting Today

When faster, cheaper, and better may not always be the best.

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Q&A: Paying Contractors Through QuickBooks Online

Reconciled Solutions

Want to start paying contractors through QuickBooks Online with ease and simplicity? Here's a complete guide to get you started. The post Q&A: Paying Contractors Through QuickBooks Online appeared first on Reconciled Solutions.

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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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How Did this Firm Owner 2X Revenue Without Burning Out? w/Logan Graf

Jetpack Workflow

Podcast Summary In this episode of Growing Your Firm, host David Cristello interviews Logan Graff , a virtual CPA firm owner ( The Graf Tax Co. PLLC ) based in Central Texas and a rising star on YouTube. Logan shares his journey of starting his firm at the age of 30 and the challenges he faced, including pricing his services competitively despite having less experience than some of his peers.

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Trade discount definition

Accounting Tools

What is a Trade Discount? A trade discount is the amount by which a manufacturer reduces the retail price of a product when it sells to a reseller, rather than to the end customer. The reseller then charges the full retail price to its customers in order to earn a profit on the difference between the amount by which the manufacturer sold the product to it and the price at which it then sells the product to the final customer.

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After Milton, IRS grants widespread tax relief

Accounting Today

In the wake of Hurricane Milton, the IRS is pushing back filing and payment deadlines.

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Benjamin F. Borgers Surrenders Colorado CPA License

Blake Oliver

Good news! Benjamin F. Borgers, the CPA who faked over a thousand public company audits , is no longer a licensed CPA in Colorado. It only took 5 months.

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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.