Sat.Aug 17, 2024 - Fri.Aug 23, 2024

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SEC approves tougher rules around auditor 'negligence'

Accounting Today

The commission approved proposals from the PCAOB around contributory liability, the responsibilities of the auditor, and technology-assisted data analysis.

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10 Key Performance Indicators SMB Owners Should Track for Business Growth in 2025

Accounting Department

In the dynamic world of small business, staying ahead means constantly measuring and optimizing performance. That's where Key Performance Indicators (KPIs) come in. These metrics help small business owners, entrepreneurs, and startups monitor their progress, identify areas for improvement, and make data-driven decisions. In this blog post, we'll explore the top 10 KPIs every SMB owner should track for sustained growth in 2025.

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How Kiwi Skips is shaking up New Zealand’s recycling industry

Xero

“I kept seeing a lot of useful material getting thrown out to the landfill, construction waste mainly, things like metal, wood, plasterboard and concrete which are all reusable with a little work,” says Dan Butterfield, owner of Kiwi Skips , a New Zealand-based on-demand skip hire company committed to sustainable waste management. “Watching it all go to waste felt wrong – but it was pretty easy to fix.

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How to become a prompt engineer

Intuit

Prompt engineers specialize in making the most of artificial intelligence (AI) platforms. These professionals understand the ins and outs of how AI platforms think, designing the most efficient prompts for achieving desired results. Prompting roles appear to have a promising future, too. The global prompt engineering market size is projected to grow at a compound annual growth rate (CAGR) of nearly 33% from 2024 to 2030.

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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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EisnerAmper adds Krost CPAs

Accounting Today

EisnerAmper, a Top 25 Firm based in New York, is adding the partners and colleagues of Krost CPAs, a Top 100 Firm based in the Los Angeles area, in a combination expected to close in September.

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Clients Can Have Peace of Mind with Rewind

Accounting Department

Since its establishment in 2015, Rewind has been dedicated to empowering businesses to safeguard their valuable SaaS and cloud data. With an impressive customer base of over 100,000 across 100 countries, Rewind's highly acclaimed apps and unwavering support have become the go-to solution for ensuring the uninterrupted operation of software-as-a-service applications.

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How to become a prompt engineer

Intuit

Prompt engineers specialize in making the most of artificial intelligence (AI) platforms. These professionals understand the ins and outs of how AI platforms think, designing the most efficient prompts for achieving desired results. Prompting roles appear to have a promising future, too. The global prompt engineering market size is projected to grow at a compound annual growth rate (CAGR) of nearly 33% from 2024 to 2030.

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Unauthorized access of tax returns rebounds, disclosure violations stay low

Accounting Today

In 2023, 125 violation cases of unauthorized access of tax return data were reported, the highest since 2018, but instances of disclosure violations remains low.

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Fidesic AP to Launch Fido Magazine

Fidesic blog

The inaugural issue of Fido Magazine will be available in print with articles geared toward the Microsoft Dynamics Community.

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Top 10 Super Useful Add-ons For Drake Software

Ace Cloud Hosting

Drake Software is one of the most widely used tax filing and preparation software for tax professionals and firms. Its intuitive interface simplified functionality, and competitive pricing make it a.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, 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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How to support people with disabilities in the workplace

Intuit

Most companies report that 4 to 7% of their employees have a disability. Odds are, it’s more than that. Businesses are dramatically underestimating the reality of disabilities in the workplace, according to a 2023 Boston Consulting Group (BCG) survey of 28,000 employees across 16 countries. It found that a staggering 25% of employees have a disability or health condition.

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The pros and cons of tax-free tips

Accounting Today

Both presidential candidates have floated it, and there are benefits for both workers and employers — though not always how you'd expect.

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Fidesic AP to Launch Fido Magazine

Fidesic blog

The inaugural issue of Fido Magazine will be available in print with articles geared toward the Microsoft Dynamics Community.

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Tax Changes Upcoming to QuickBooks Online Payroll

Insightful Accountant

By late September or early October, QuickBooks Online Payroll users will begin having their payroll taxes debited with each payroll rather than at the end of a tax period.

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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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How to become a data engineer

Intuit

Data engineer job opportunities will increase by 21% from 2018 to 2028. This staggering growth has many job seekers asking how to become a data engineer. In this guide, we’ll define the role of a data engineer, detail the steps it takes to become one, and provide helpful tips to steer you in the right direction. Who knows? By the time you’re done reading, you may have chosen a new career path.

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Missing tech tycoon was celebrating acquittal before storm hit

Accounting Today

Mike Lynch, who is missing after his yacht sank off Sicily, had only recently fended off a U.S. criminal fraud case over the sale of his company to Hewlett Packard.

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The Role of Credit Management in Ensuring Business Longevity

Enterprise Recovery

Credit management is a vital aspect of financial health for any business, influencing cash flow, profitability, and overall stability. Effective credit management ensures a company can meet its obligations to suppliers, employees, and creditors while maintaining the liquidity necessary for day-to-day operations. Let's explore how strategic credit management can propel your business toward sustained success and stability.

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The Art of Getting Paid: Avoiding Common Pitfalls in Accounts Receivable

Reconciled Solutions

For small businesses, timely payments are the lifeblood that keeps operations running smoothly. Every day that passes without collecting on outstanding accounts receivable is a. The post The Art of Getting Paid: Avoiding Common Pitfalls in Accounts Receivable appeared first on Reconciled Solutions.

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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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Check kiting definition

Accounting Tools

What is Check Kiting? Check kiting is the deliberate issuance of a check for which there is not sufficient cash to pay the stated amount. This scam requires the use of two banks, where checks are written against a checking account in one bank, and deposited in an account at a second bank. The intent is to defraud the second bank by withdrawing funds from the second bank before it realizes that there are no funds in the originating account.

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The 'Security Six' protects tax pros against cyberattacks

Accounting Today

The Internal Revenue Service and its partners have identified half a dozen steps for safeguarding taxpayer information.

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Top ProAdvisor Profiles: Sheri Radler and Nikki Mullins

Insightful Accountant

Sheri Radler and Nikki Mullins are our featured Top ProAdvisors this week.

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4 Common Accounting Mistakes Landscaping Businesses Should Avoid

Outsourced Bookeeping

Running a successful landscaping business is all about precision—whether it’s in design, operations, or even accounting. However, while you can control many aspects of your business, bookkeeping and accounting can be particularly challenging. Let’s all agree that accounting and bookkeeping aren’t always at the top of the priority list for landscape business owners who often juggle multiple responsibilities.

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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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What does a CPA do?

Accounting Tools

A CPA is a certified public accountant , and is engaged in a number of advisory roles for his or her clients. These roles include the tasks noted below. Of the following activities, the only one that a CPA is specifically certified to do is the audit. All of the other items can be provided by other parties who are not certified public accountants. However, the CPA designation implies a high level of training and expertise, since he or she is required to take a certain amount of continuing profes

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PCAOB ramps up enforcement against auditors

Accounting Today

Enforcement by the Public Company Accounting Oversight Board against auditors in 2024 is off to its fastest start in recent years.

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300 Client Consults in Year 1? Learn How and More w/ Max Minsker

Jetpack Workflow

Podcast Summary On this episode of Growing Your Firm, David Cristello interviews Max Minsker , the founder and CEO of Bookmate , a remote accounting firm. Max shares insights into his journey of establishing Bookmate, focusing on tax returns and bookkeeping services. The discussion delves into his unique approach to packaging and pricing, highlighting his atypical path to success in the industry.

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Understanding the FinOps Lifecycle: Inform, Optimize, Operate

finout

What Is Cloud Cost Management? FinOps is gaining importance as the real-time nature of cloud operations changes how organizations manage their resources. Unlike traditional procurement, where purchasing decisions were made over weeks or months, passing the proposal from one department to another, cloud resources can now be acquired in seconds. This flexibility, while being the biggest advantage of the cloud, has created a gap between finance and operations, leading to inefficiencies in managing

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Solve Your Firm's 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.

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What is AP Automation? The Complete Guide

AvidXchange

Table of Contents: Understanding Accounts Payable | What is AP Automation? | Examples of AP Automation | Advantages of AP Automation Ninety-four percent of accounts payable (AP) professionals would use a tool to automate the most repetitive parts of their job according to our 2023 AP Career Satisfaction Survey. AP automation tools can help them do just that – finance pros leverage technology to make invoice capture, coding, approvals, processing, and payments more efficient.

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Art of Accounting: The vanishing buyers of small practices

Accounting Today

The shortage of buyers of small practices is because the potential buyers are not qualified to handle a small practice.

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Dext crowned Small Business App of the Year at the 2024 Xero US Awards

Dext

We’ve been recognized, within the Accounting, bookkeeping and app industries, for delivering outstanding support to small businesses. Dext took home the gold at Xerocon Nashville winning Small Business App of the Year at Xero’s prestigious awards ceremony on 15th August.

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Key Features to Look For in a Credit Management System

oAppsNet

Selecting the right credit management system is crucial for businesses that extend credit to their customers. An adequate system streamlines credit operations, reduces financial risks, and enhances customer relationships. To make an informed choice, businesses must understand the key features to look for in a credit management system. These features ensure the system meets the business’s needs and supports its financial goals.

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Travel and Expense Policy Success: Your Essential Checklist

Setting the stage for successful organizational change always begins with clear, thoughtful communication. When it comes to rolling out a new travel and expense (T&E) policy, establishing a well-structured communication plan is key to ensuring that all employees understand the changes and their impact. By following a step-by-step approach, you can guide your organization through the transition, fostering smooth adoption from the outset and improving compliance.