Accounting Department
JUNE 26, 2024
From a manufacturing perspective, inventory is everything for business owners that can significantly impact their financial well-being. That is why effective inventory management is of utmost importance for manufacturers or other businesses that keep things on the shelves.
Accounting Today
JUNE 26, 2024
Accountants are adding AI tools to their work, saving time and becoming more efficient.
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Insightful Accountant
JUNE 27, 2024
AI in tax prep has boosted efficiency and accessibility. But concerns arise over the reliability of AI-generated tax advice, especially for complex cases.
Accounting Tools
JUNE 25, 2024
What is a T Account? A T account is a graphic representation of a general ledger account. The name of the account is placed above the "T" (sometimes along with the account number). Debit entries are depicted to the left of the "T" and credits are shown to the right of the "T". The grand total balance for each "T" account appears at the bottom of the account.
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Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.
Accounting Department
JUNE 28, 2024
We are thrilled to announce that our season 1 finale, Episode 24, of our podcast, Beyond the Books , is now live and ready for your listening pleasure.
Accounting Today
JUNE 25, 2024
Middle-class residents in these states pay a smaller percentage of their paychecks to taxes.
Financial Ops World brings together the best financial operations content from the widest variety of thought leaders.
Accounting Tools
JUNE 22, 2024
What is Other Comprehensive Income? Other comprehensive income is those revenues, expenses, gains, and losses under both Generally Accepted Accounting Principles and International Financial Reporting Standards that are excluded from net income on the income statement. This means that they are instead listed after net income on the income statement. An example of the reporting presentation of other comprehensive income appears in the following exhibit.
Accounting Department
JUNE 27, 2024
In today’s fast-paced business environment, entrepreneurs and business owners must find ways to streamline operations, improve efficiency, and scale effectively. Traditional enterprise resource planning (ERP) systems have long been associated with large enterprises.
Accounting Today
JUNE 28, 2024
Due to extensive interest, Accounting Today is extending the deadline for submissions for its annual Managing Partner Elite list to the end of the day on Monday, July 8.
Insightful Accountant
JUNE 25, 2024
Earlier this year, Intuit introduced a new version of QuickBooks Online for solopreneurs, it's designed for individuals who submit IRS Form 1040 - Schedule C tax filings.
Speaker: Susan Richards
Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.
Accounting Tools
JUNE 22, 2024
What is the Cost of Goods Sold? The cost of goods sold is the total expense associated with the goods sold in a reporting period. The cost of goods sold is subtracted from the reported revenues of a business to arrive at its gross margin ; the gross margin reveals the amount of profit generated prior to selling, general and administrative expenses. Formula for the Cost of Goods Sold The cost of goods sold is calculated by aggregating the period-specific expense listed in each of the general ledg
Remote Quality Bookkeeping
JUNE 24, 2024
As a business owner, you know that you have a ton of responsibilities. You have to make sure that all of your employees are doing what they need to do to make your company run smoothly, you have to make sure your customers are happy with everything. Who has time to do the bookkeeping? For most businesses, bookkeeping is a necessary evil that they would rather pay someone else to do.
Accounting Today
JUNE 26, 2024
The Internal Revenue Service isn't doing enough to help victims of identity theft receive their tax refunds, according to a report from National Taxpayer Advocate Erin Collins, and its statistics on answering phone calls are misleading.
Insightful Accountant
JUNE 23, 2024
QuickBooks Online Payroll has enhanced functionality related to correction of, late payment of, and backdated payment of paychecks, with fewer 'time out' blocks and greater self-control by ProAdvisors and their clients.
Speaker: Danny Gassaway and Wayne Richards
Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.
Billing Platform
JUNE 28, 2024
Did you know that 61% of software as a service (SaaS) companies have adopted usage-based pricing (UBP) ? Also known as consumption-based pricing , pay-as-you-go, time/unit-based pricing, pay per transaction, metered billing , and resource-based pricing, UBP enables customers to pay for products or services based on resources consumed. As the rising star of SaaS pricing, usage-based pricing examples are in every industry.
The Successful Bookkeeper
JUNE 26, 2024
Learn about the launch of the Ask Lisa video series and how it can help bookkeeping business owners!
Accounting Today
JUNE 24, 2024
The Internal Revenue Service switched over from focusing its audits on taxpayers earning $10 million or more to those earning $400,000 or more after passage of the Inflation Reduction Act.
Insightful Accountant
JUNE 23, 2024
QuickBooks Online Payroll has enhanced functionality related to correction of, late payment of, and backdated payment of paychecks, with fewer 'time out' blocks and greater self-control by ProAdvisors and their clients.
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It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.
Accounting Tools
JUNE 22, 2024
What is the Margin of Safety? The margin of safety is the reduction in sales that can occur before the breakeven point of a business is reached. This informs management of the risk of loss to which a business is subjected by changes in sales. The concept is useful when a significant proportion of sales are at risk of decline or elimination, as may be the case when a sales contract is coming to an end.
Enterprise Recovery
JUNE 28, 2024
Certain qualifications and skills can make a difference in your business's financial success. Consider the following traits for your A/R specialist job description and hire someone who will ensure your financial records are solid and your clients pay on time. Here are some key qualities and skills to look for in an accounts receivable specialist.
Accounting Today
JUNE 24, 2024
Test your accounting knowledge on state by state tax burdens, M&A, and more. No. 2 pencil not required!
Outsourced Bookeeping
JUNE 28, 2024
Auditing is like a never-ending game of clues. The culprit stays hidden till the end! Despite being the backbone of a business’s success, auditing can be a daunting and time-consuming process for organizations and individuals regardless of previous experiences. However, with proper preparation, planning, and implementing the right strategy, businesses can breeze through auditing fast and smoothly and even use it to improve the business.
Speaker: Jennifer Hill
Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.
Ace Cloud Hosting
JUNE 26, 2024
Looking for a dose of humor in the midst of tax season? Dive into our collection of the funniest tax memes that will make even the most daunting financial tasks.
Insightful Accountant
JUNE 24, 2024
The IRS has announced it will continue its moratorium on processing new ERC claims, citing concerns over potential fraud and improper claims.
Accounting Today
JUNE 26, 2024
Logan Graf is documenting his accounting firm's journey to eliminating busy season on his YouTube channel.
Outsourced Bookeeping
JUNE 25, 2024
Are you in a financial bind due to invoice errors that are costing you a significant amount of money? The importance of accurate invoicing cannot be overstated. It’s not just about getting paid, it’s about the financial health and reputation of your business. Superficially, invoicing may seem like a straightforward and tedious task that might not require a business owner’s attention.
Speaker: Sierre Lindgren
Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.
Economize
JUNE 24, 2024
Introduction to AWS Fargate AWS Fargate is a revolutionary serverless compute engine for containers that simplifies the deployment, management, and scaling of containerized applications. By abstracting away the underlying infrastructure, Fargate allows developers to focus on building and running applications without worrying about server management.
Cloud Accounting Podcast
JUNE 26, 2024
Adam Zaki of CFO.com joins Blake and David to explore the trends reshaping the industry, from AI to the talent shortage. They dive into the murky waters of corporate financial controls and audit practices. They also examine what makes a truly effective CFO in today's dynamic business environment and why authenticity might be the most valuable trait in a leader's toolkit.
Accounting Today
JUNE 27, 2024
The IRS Whistleblower Program paid whistleblowers 121 awards totaling $88.8 million in fiscal 2023, up from $37.8 million the previous year.
RevCycle
JUNE 27, 2024
By this point you’re certainly aware of the changes around the credit reporting of medical debt, which to recap are: Medical debts that have been satisfied will no longer appear on credit reports The amount of time before medical debt can be reported to the credit bureaus has doubled, from 180 days to one year Medical debt in collections of under $500 dollars will no longer appear on credit reports As the graph below shows ( courtesy of Urban Institute ); this has had the intended effect of clea
Speaker: Debra L. Robinson
CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.
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