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PCAOB sanctions auditors over audit evidence

Accounting Today

The Public Company Accounting Oversight Board sanctioned three auditors from Florida accounting firm Liggett & Webb for violations involving audit evidence, professional skepticism, and other matters.

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Protected: Empowering today’s generation: equipping students nationwide with financial literacy

Intuit

This content is password protected. To view it please enter your password below: Password: The post Protected: Empowering today’s generation: equipping students nationwide with financial literacy appeared first on Intuit Blog.

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Fidesic Launches New MoversSuite Integration for Dynamics ERP Accounts Payable

Fidesic blog

Fidesic and EWS Group have partnered to better support moving companies using MoversSuite with integrations to Microsoft Dynamics GP or Business Central.

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Growth by Design: The Evolution of Custom-Fit Implementations | Beyond the Books Podcast by AccountingDepartment.com

Accounting Department

We are thrilled to announce that Episode 18 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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Celebrating industry legends at the UK Xero Awards 2024

Xero

We are thrilled to announce our UK Xero Award winners for 2024 , recognising the legends of the UK accounting, bookkeeping and app partner community. This year’s celebrations took place for the first time in Manchester at the iconic New Century Hall – a place built for legends. The venue has played host to music legends from Jimi Hendrix and Jerry Lee Lewis, to The Who and The Bee Gees.

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A CPA's day in Tax Court

Accounting Today

For CPAs who aspire to practice in Tax Court, the ability to review a case that has been litigated by a fellow CPA is a useful educational tool.

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What is VendorVault? Accounts Payable Tools

Fidesic blog

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.

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ADC Attends The 2024 CEO Coaching Make BIG Happen Summit

Accounting Department

Last week, AccountingDepartment.com Business Development Representative, Shawn Marcum hit the road and attended the CEO Coaching Make BIG Happen Summit in Miami, FL.

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May is Military Appreciation Month

Insightful Accountant

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.

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Making the (use) case for AI

Accounting Today

Accounting firms that have embraced artificial intelligence are primarily using it to analyze documents, automate tasks and bolster client communication.

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Predictions You Can Rely On: How Data Drives Successful Financial Forecasting

Speaker: Robbie Bhathal, Founder & CEO, and Matthew Acalin, Head of Credit Intelligence

In today's volatile financial environment, how confident are you in your company’s financial forecasting? To get the most accurate cash predictions that will lead to long-term financial survival, real-time data is critical. Innovative cash management strategies can lead to better credit opportunities, more sustainable growth, and long-term financial prosperity.

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From Super Nintendo to Silicon Valley: Petagae Butcher on paving a career in tech

Intuit

This interview was originally published on POCIT. Petagae Butcher’s introduction to technology started with a love of Super Nintendo in the 90s. She later graduated from the University of Central Florida with a degree in Management Information Systems, initially majoring in Computer Programming, finding her niche bridging the technology and business worlds.

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Revolutionising Tax Workflow with AI: Highlights from Our “Let’s Talk Tax Technology” Webinar with SCTP

Counto

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

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Learning and growing in fintech

Plooto

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.

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"Thank You" Intuit Trainer/Writer Network Members

Insightful Accountant

While Intuit has sunset the Trainer/Writer network and gone back to the drawing board on how to provide training and education for the QuickBooks Community, Insightful Accountant wants to thank all Trainer/Writer Network members.

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The Definitive Guide to Spend Management

The status quo for AP in small and mid-market companies is broken. It consists of messy tech stacks of siloed solutions that give rise to manual work, a lack of control, wasted spend, and unnecessary risks. The benefits of shifting to spend management are tangible, measurable, and are felt across the whole organization. Spend management is a different way of thinking and an innovation whose time has come.

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Oregon senator demands refunds for TurboTax customers

Accounting Today

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.

Tax 274
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Navigating Debt Collection Challenges in the Tech Industry

Enterprise Recovery

The tech industry is known for its rapid growth and innovation but faces unique challenges regarding debt collection and non-paying clients. Understanding the intricacies of debt collection in this sector is essential for companies to recover payments and maintain financial stability. Learn more about the complexities of debt collection within the tech industry and the strategies for successful payment recovery.

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Will AI Replace Accountants? (Find The Answer)

Ace Cloud Hosting

Will AI replace accountants in near future? It’s a question on many minds. The world is evolving fast, especially with technology. As someone in accounting, you’re probably curious about what.

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Monetary value definition

Accounting Tools

What is Monetary Value? Monetary value is the amount that would be paid in cash for an asset or service if it were to be sold to a third party. For example, tangible property, intangible property, labor, and commodities are priced at their monetary value. Monetary value is determined by the level of supply and demand for an item, and so can change over time.

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Navigating Financial Storms: Strategies for Building Resilient Balance Sheets

Speaker: Carolina Aponte - Owner and CEO, Caja Holdings LLC

In today's rapidly changing business environment, building a resilient balance sheet is crucial to the survival of any business. A resilient balance sheet allows a company to withstand financial shocks and adapt to changing market conditions. To achieve this, companies need to focus on key strategies such as maintaining adequate liquidity, managing debt levels, diversifying revenue streams, and prioritizing profitability over growth.

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Getting to Know QuickBooks Desktop Alternatives

Insightful Accountant

During the upcoming Insightful Accountant Future Forward Event Murph will be presenting two sessions on Migrating from QuickBooks Desktop. One focuses on apps suitable for QBD Pro users, and the other QBD Premier users.

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Generative AI expected to grow, not shrink, headcount

Accounting Today

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.

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Digital 55 – Pioneering Creative Content with A Strategic Financial Partnership

FundThrough

Introduction Crafting the Future of Content through Strategic Financial Agility Digital 55, an avant-garde digital studio, blends creative storytelling with cutting-edge technology to produce dynamic media and digital learning experiences. Under the leadership of founder and Chief Creative Officer, Lauralee Sheehan—an indie musician turned digital innovator—the company has carved a niche in creating impactful digital […] The post Digital 55 – Pioneering Creative Content with A Strategic Fi

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Demystifying Tax Forms: Understanding the 1099-MISC and 1099-NEC Differences

Ace Cloud Hosting

Tax season can be daunting for many, especially freelancers and independent contractors who navigate various tax forms. Among these forms, the 1099-MISC (Miscellaneous) and 1099-NEC (Nonemployee Compensation) are commonly used.

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Putting the ‘Tech’ in Spend Management Techniques

Speaker: Wayne Spivak, President and CFO of SBA * Consulting Ltd., Industry Writer, Public Speaker

If you’re lost in the world of spend management needs and your GAP analysis is lacking perspective on the future state of your business performance, listen up! With the advancement of technology, the implementation of spend management best practices and concrete GAP analyses is more streamlined and accessible than ever before. And while this may sound like great news for you and your clients, it won’t be worthwhile unless you have the latest techniques to back up your ambitions!

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Separate entity definition

Accounting Tools

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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Insightful Accountant's Top 50 International ProAdvisors for 2024

Insightful Accountant

Insightful Accountant is proud to announce our Top 50 International ProAdvisors for 2024. Congratulations to this year's International award recipients.

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IRS updates modernization plans

Accounting Today

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.

Tax 273
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Double-Entry Bookkeeping Explained

Dext

What can double-entry bookkeeping teach you about your business? As a business owner, you might not have given double-entry bookkeeping much thought. While you don’t need to worry too much about the mechanics of it, the figures that the process generates can unlock a huge amount of invaluable business intelligence.

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Your New & Improved Month-End Close Process Is Not So Far Out of Reach!

All accounting teams know what it is like to dread the inevitable month-end scaries. If there was a way to feel less burdened and maybe even a little enthusiastic to work on your month-end close and reconciliation process, would you do it? No, don't answer that, of course you would! Automate your month-end close process by up to 40% with SkyStem's ART and see how much more alive you feel!

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An Expert Guide to Starting a Consulting Business in Singapore 

Counto

An Expert Guide to Starting a Consulting Business in Singapore Starting a consulting business in Singapore presents a wealth of opportunities for entrepreneurs across various sectors. Here’s an updated guide to help you navigate the process, including understanding niche selection, business structuring, legal requirements, and the specific licensing requirements for certain consulting domains. 1.

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How to Choose Between Accounts Receivable Factoring and Financing: Key Considerations

FundThrough

In this current economic environment, healthy cash flow is critical. According to a JP Morgan & Chase report, only half of all small businesses hold a cash buffer of less than one month. For companies facing the challenge of maintaining a robust cash flow, deciding on the right lending partner and/or financial solution is key. […] The post How to Choose Between Accounts Receivable Factoring and Financing: Key Considerations appeared first on FundThrough.

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Advisor Alliance: Figured

Insightful Accountant

The partnership you need as an agribusiness focused accountant, bookkeeper or ProAdvisor.

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SEC shuts down auditor BF Borgers with $14M in fines for fraud on 1,500+ filings

Accounting Today

The Securities and Exchange Commission charged the fast-rising auditing firm with deliberate, systemic failures to comply with PCAOB standards for audits and reviews.

Auditing 272
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Book of Secrets for the Month-End Close

Developing a consistent month-end close doesn’t need to be a mystery. We’re sharing our top 10 secrets (plus one bonus!) for streamlining your close.