Accounting Today

MAY 10, 2024

A recent survey has found that 40% of tax professionals believe generative AI will allow them to demand higher rates, in comparison to 6% who said rates will decrease.

Tax 277

Tax 277

Intuit

MAY 9, 2024

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.

Computation 264

Computation QuickBooks 264

Accounting Today

MAY 7, 2024

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.

Auditing 298

Auditing Accounting Accounting 298

Accounting Department

MAY 10, 2024

Our AccountingDepartment.com family is proud of its vibrant and diverse “cast of characters”—we span the country with our team members coming from all backgrounds and personalities. Included among our team are some amazing Military Spouses whose hard work, dedication, and contributions are part of what makes our family so strong—and theirs as well.

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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.

Accounting

Fidesic blog

MAY 7, 2024

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

Accounts Payable 246

Accounts Payable Accounts Payable Accounting Accounting 246

FundThrough

MAY 8, 2024

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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Accounting Tools

MAY 9, 2024

What Does it Mean to Report Expenses by Function? When expenses are reported by function, they are being reported by the type of activity being conducted. Examples of income statement line items that are presented by function are administrative expenses , financing expenses, manufacturing expenses, marketing expenses, and selling expenses. Or, a nonprofit entity that reports expenses by function could do so by aggregating its expenses into the following general functions: Programs, fund raising,

Financial Statements 97

Financial Statements Expense Reports Accounting Accounting 97

Insightful Accountant

MAY 5, 2024

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.

QuickBooks 101

QuickBooks Accounting Accounting 101

Dext

MAY 7, 2024

In recent years, technology in bookkeeping has developed at a rapid pace. Driven by the continued rollout of the governments’s initiatives (such as Making Tax Digital in the UK, or GST in Australia), these tools have evolved to automate an ever-increasing range of bookkeeping tasks that were once tedious and time-consuming.

Bookkeeping 98

Bookkeeping Tax 98

Accounting Today

MAY 9, 2024

CliftonLarsonAllen, a Top 10 Firm, has acquired Engine B, a London-based company that helps accounting firms get more insights from their clients' data, effective May 1.

Accounting 274

Accounting Accounting 274

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.

Intuit

MAY 10, 2024

Over the last 30 years, the tax code has more than tripled in size. That’s three times the amount of complexity and headaches for many families. For our Intuit TurboTax customers, we’ve helped make the complicated easy for decades, continuously improving and evolving our product to help taxpayers navigate the pages, and pages , and pages of complicated code.

Tax 130

Tax Collections Billing 130

Accounting Tools

MAY 12, 2024

What are Stocks? Stocks are securities that represents a fraction of the ownership of the issuing corporation. They are issued to investors in the form of stock certificates. Stock may be classified as common stock or preferred stock. What are Bonds? Bonds are a fixed obligation to pay that are issued by a corporation or government entity to investors.

Corporate Finance 75

Corporate Finance 75

Insightful Accountant

MAY 7, 2024

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

Accounting 105

Accounting Accounting 105

Enterprise Recovery

MAY 6, 2024

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.

Collections 82

Collections 82

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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.

AP

Accounting Today

MAY 7, 2024

They say artificial intelligence will change the world, and in many ways, it already has. But AI's rapid advancements have been a source of stress for professionals like accountants. Will you be automated out of a job?

Accounting 284

Accounting Accounting 284

Intuit

MAY 6, 2024

Greg Johnson, has returned to Intuit as EVP, Intuit Chief Commercial Officer and Global Small Business Self Employed Group Chief Revenue Officer. In his Chief Commercial Officer role, Greg will partner across Intuit brands to accelerate Intuit’s commercial growth strategy. This will include customer-back segmentation, product lineup, pricing, and go-to-market activities, as well as brand, marketing and communications for the company.

QuickBooks 130

QuickBooks 130

Accounting Tools

MAY 12, 2024

What is a Controllable Cost? Controllable costs are those costs that can be altered in the short term. More specifically, a cost is considered to be controllable if the decision to incur it resides with one person. If the decision instead involves a number of individuals, then a cost is not controllable from the perspective of any one individual. Also, if a cost is imposed on an organization by a third party (such as taxes), this cost is not considered to be controllable.

Financial Analysis 74

Financial Analysis Cost Accounting Tax Accounting 74

Insightful Accountant

MAY 9, 2024

While we received some 'generic' App interest to our last posting, Insightful Accountant is currently looking for a few good ProAdvisors who can provide analysis specifically of eCommerce apps.

Accounting 86

Accounting Accounting 86

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.

Ace Cloud Hosting

MAY 6, 2024

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.

Accounting 81

Accounting Accounting QuickBooks 81

Accounting Today

MAY 9, 2024

The House passed a bill that would repeal the SEC's SAB 121, which requires custodians to list digital currency as a liability on their balance sheets. However the president said he'd veto the bill.

Billing 265

Billing 265

Jetpack Workflow

MAY 9, 2024

Podcast Summary In this episode of Growing Your Firm, brought to you by Jetpack Workflow, host David Cristello welcomes back Geni Whitehouse, founder of The Impactful Advisor and Information Technology Alliance (ITA) president, who specializes in the wine industry. Geni, also known as the Countess of Communication and author of “ How to Make a Boring Subject Interesting: 52 Ways Even a Nerd Can Be Heard ,” discusses the latest trends in her membership base, the importance of niche a

Tax 59

Tax Accounting Accounting 59

Accounting Tools

MAY 10, 2024

What is Benford’s Law? Benford’s Law states that, in a naturally occurring set of numbers, the smaller digits appear disproportionately more often as the leading digits. The leading digits have the distribution shown in the following table, where the number 1 appears slightly more than 30% of the time as the leading digit, and the number 9 appears as the leading digit less than 5% of the time (which is a difference of 6x). 1 = 30.1% frequency of occurrence 2 = 17.6% frequency of occurrence 3 = 1

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Auditing Invoicing Billing 75

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!

Accounting

Insightful Accountant

MAY 7, 2024

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.

QuickBooks 81

QuickBooks Accounting Accounting 81

Ace Cloud Hosting

MAY 7, 2024

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.

Tax 59

Tax QuickBooks 59

Accounting Today

MAY 7, 2024

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.

CPA 299

CPA Tax 299

Plooto

MAY 10, 2024

Thames Valley Family Health Team (TVFHT) provides primary health care to more than 160,000 patients through a network of 120 physicians. As the team grew, managing its accounts became more onerous. The organization’s small accounting team input data manually to process, pay and track invoices — an approach that became unmanageable as the number of invoices tripled and then quadrupled over a two-year period.

Financial Reporting 52

Financial Reporting Budgeting Invoicing Accounting 52

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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!

Accounting

Accounting Tools

MAY 10, 2024

There are a number of ways in which revenue can be recognized in an organization's income statement. The method chosen depends on the industry and the specific circumstances. In the following sections, we note a number of recognition methods, how they work, and when they can be used. Completed Contract Method The completed contract method is used to recognize all of the revenue and profit associated with a project only after the project has been completed.

Collections 75

Collections Bookkeeping Billing Auditing 75

Insightful Accountant

MAY 8, 2024

In preparation for next week's QB Talks about Finding and Cleaning Up Bad Data, I thought I'd talk about one of my favorite issues. Failure to Balance the Balance Sheet.

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Nanonets

MAY 10, 2024

In today’s highly competitive business landscape, staying ahead is a constant struggle for all organizations. To achieve this, businesses must be updated with the latest information about the market, customers, and competitors. Gathering information about any of these is known as market research.  Whether you are launching a new product or improving an existing one, market research is necessary to understand the market trend and user perception.

Collections 52

Collections Financial Statements 52

Accounting Today

MAY 9, 2024

Sikich LLC, a Top 50 Firm based in Chicago, has snagged a $250 million minority investment from private equity firm Bain Capital to fund further acquisitions and growth, becoming the latest in a series of firms to score PE money.

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250

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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.