Accounting Today

JANUARY 16, 2024

were wrongfully prosecuted for theft and false accounting after computer glitches led to shortfalls in their accounts. Hundreds of sub-postmasters in the U.K.

Computation 171

Computation Accounting Accounting Accounting Software 171

Ace Cloud Hosting

JANUARY 25, 2024

In today’s accounting world, where computers help us work better, keeping our data safe is super important. Some new numbers show just how much we need to watch out.

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Computation Accounting Accounting 100

Plooto

DECEMBER 21, 2023

In 2024, accountants will no longer be deemed company number crunchers as they gain access to technology that allows them to play an increasingly strategic role in business decisions. It’s a role transformation that’s already begun, sparked by the accelerated adoption of digital accounting, fueled by cloud computing, automation, and AI.

Computation 102

Computation Accounting Accounting 102

ProsperOps

APRIL 26, 2023

This decouples the timing of when usage is paid for from when it’s consumed, which for customers using accrual vs. cash accounting (most large companies), results in a need to amortize the prepayment. If you prepay for a 12-month Compute Savings Plan, you simply straight-line amortize the cost over 12 months—done. Prosper On!

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Computation FinOps FinOps Accruals 130

Accounting Today

NOVEMBER 29, 2023

Over the course of 34 Vendor Spotlights in 2023, we have seen many companies promote their capacities in cloud computing, automation and artificial intelligence.

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Computation 249

Accounting Today

FEBRUARY 12, 2024

Hundreds of Internal Revenue Service employees and contractors continued to have access to at least one sensitive IRS computer system even after they stopped working there.

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Computation Tax 257

Xero

MARCH 7, 2023

Our research found that recruitment is one of the main challenges facing accountants at the moment, so we’re shining a light on some amazing accountants to bust misconceptions around the industry. They tell us more about their roles, their hobbies, and why accounting is such a fantastic industry.

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XERO Accounting Accounting Computation 215

Xero

APRIL 6, 2023

Our recent research found that accountants are facing a number of serious challenges, so we want to put a spotlight on their brilliant work, and their lives beyond the industry. They tell us more about the misconceptions they face, how their side projects complement their day-to-day roles, and why they love the accounting industry.

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XERO Accounting Accounting Computation 207

Plooto

FEBRUARY 23, 2024

What is accounting software for midsize businesses? Accounting software is a computer program that maintains accounting books to assist bookkeepers. Capabilities of an accounting software can include recording transactions, expense tracking , reporting, reconciling, and real-time insights.

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Accounting Software Reconciling Computation Accounting 52

Future Firm

MAY 24, 2023

Here is my complete guide to emerging accounting technologies for 2023. In this guide, you’ll learn about the top accounting technology in the profession along with some tips and tricks on how to leverage them. So if you’re looking to leverage software to automate your accounting work, you’ll love this guide.

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Accounting Accounting Computation XERO 98

Accounting Today

MARCH 19, 2024

with tax season in full swing, accountants need to have a game plan to mitigate the potential impacts the shortage may cause.

Tax 244

Tax Accounting Accounting Computation 244

Accounting Tools

JULY 24, 2023

Related Courses Capital Budgeting Fixed Asset Accounting How to Audit Fixed Assets What is Capitalize in Accounting? Asset Exceeds Capitalization Limit Companies set a capitalization limit , below which expenditures are deemed too immaterial to capitalize, as well as to maintain in the accounting records for a long period of time.

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Accounting Accounting Computation Budgeting 75

Economize

APRIL 3, 2024

From compute resources, and databases to analytic services, the Azure platform offers an extensive range of solutions to address your infrastructure needs. How Does Azure Billing Work? Microsoft Azure consists of numerous services and resources catering to diverse business requirements.

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Billing Computation Accounting Accounting 59

Intuit

NOVEMBER 20, 2023

Table of Contents Weekend Jobs in Accounting 5 Accounting and Tax Jobs to Boosts Your Weekend Income What's the Life of a Remote Accountant Like? When's the Best Time for Job Searching in Accounting? How Do I Get an Accounting Job Without Experience?

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Tax Accounting Accounting QuickBooks 130

Less Accounting

DECEMBER 1, 2023

Wrap 2023 Up in a Bow: Here's Your Year-End Accounting Checklist As you wrap up gifts for loved ones, you might be considering what else needs to be done to wrap up your business for the year. This year-end accounting checklist can help you confidently cruise into the holiday season, leaving you ready to make a splash in the new year.

Accounting 105

Accounting Accounting Bookkeeping Budgeting 105

Accounting Tools

NOVEMBER 2, 2023

Related Courses Accounting for Inventory How to Audit Inventory What is Backflush Accounting? Backflush accounting is when you wait until the manufacture of a product has been completed, and then record all of the related issuances of inventory from stock that were required to create the product.

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Accounting Accounting Billing Computation 75

Xero

JANUARY 14, 2024

AI might often seem like magic, but each command requires significant computational power to answer, much of which has not yet been passed onto the user. While this will play out in parliaments and courtrooms, businesses and consumers are also going to have to stare down the notion of personal accountability for the usage of these tools.

Computation 215

Computation XERO Accounting Accounting 215

Accounting Today

APRIL 16, 2024

A recent poll from Rightworks has found that 73% of accountants are not using AI and 35% have no plans to do so in the future.

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Accounting Accounting Computation 234

1st Step Accounting

FEBRUARY 11, 2024

Things like emails, tasks for our monthly projects and that also includes chart of account lists for the different types of clients we serve. Not only does this help me set up new accounts faster but another side benefit is that it helps me serve our clients better by having a streamlined review process for month-end close.

Accounting 86

Accounting Accounting QuickBooks Computation 86

Accounting Tools

SEPTEMBER 7, 2023

Related Courses Closing the Books The Soft Close The Year-End Close What is the Income Summary Account? The income summary account is a temporary account into which all income statement revenue and expense accounts are transferred at the end of an accounting period. As such, the account is not strictly necessary.

General Ledger 75

General Ledger Accounting Accounting Account Reconciliation 75

Accounting Tools

OCTOBER 3, 2023

Related Courses Bookkeeping Guidebook New Controller Guidebook A three digit chart of accounts allows a business to create a numerical sequence of accounts that can contain as many as 1,000 potential accounts. A sample three digit chart of accounts is shown below.

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Petty cash Computation Accounting Accounting 40

Accounting Today

NOVEMBER 24, 2023

How finance and accounting teams start 2024 will set the stage for defining the rest of the year and positioning for sustained success.

Accounting 268

Accounting Accounting Computation 268

Xero

FEBRUARY 28, 2024

However, with Generative AI (GenAI) being one of the more recent exciting and emerging technology developments, it was one of the big areas we wanted to share more detail around how we are approaching it and how we see it impacting accounting in the future.

XERO 251

XERO Bank Reconciliation Customer Service Computation 251

Accounting Tools

OCTOBER 3, 2023

Related Courses Bookkeeping Guidebook New Controller Guidebook The number of digits used to describe each account in a chart of accounts drives the level of detail that can be recorded. The seven digit chart of accounts is needed by larger organizations in which management wants to track information about departments within divisions.

Petty cash 40

Petty cash Computation Accounting Accounting 40

Accounting Tools

FEBRUARY 5, 2024

What are the Accounts Payable Controls? Accounts payable controls are used to mitigate the risk of losses in the payables function. Payables controls are aggregated into three general categories, which are verifying the obligation of the business to pay, entering the payables data into the computer system, and paying suppliers.

Accounts Payable 75

Accounts Payable Accounts Payable Purchase Order Accounting 75

Accounting Tools

JUNE 14, 2023

Related Courses Accountants' Guidebook GAAP Guidebook How to Account for Research and Development The accounting for research and development involves those activities that create or improve products or processes. The core accounting rule in this area is that expenditures be charged to expense as incurred.

Accounting 75

Accounting Accounting Computation Billing 75

Future Firm

JULY 13, 2022

In today’s post, I’m going to show you the very best accounting security tips (23 of them to be precise!) to keep your accounting firm safe and secure. Importance of why you must have accounting security for the safety of your business. Why is Accounting Security Important? Key Takeaways. Table of Contents.

Computation 98

Computation Accounting Accounting XERO 98

Accounting Tools

OCTOBER 3, 2023

Related Courses Bookkeeping Guidebook New Controller Guidebook The number of digits used to describe each account in a chart of accounts drives the level of detail that can be recorded. A five digit chart of accounts is used by organizations that want to track information at the departmental level.

Petty cash 40

Petty cash Accounting Accounting Computation 40

Intuit

JUNE 23, 2023

Table of Contents What Is an Accountant, and What Do They Do? Careers in Accounting Work Environment Job Outlook Accounting Certification Interested in Tax or Bookkeeping? But what exactly does an accountant do? What types of accounting careers are available, and how is the work environment?

Accounting 130

Accounting Accounting Bookkeeping QuickBooks 130

CloudZero

SEPTEMBER 27, 2019

Cloud computing optimization is a growing priority, as engineering becomes more accountable for justifying growing AWS spend. Getting a handle on cloud cost is a critical first step toward cloud computing optimization, and can result in more efficient and effective systems across the board.

Computation 40

Computation Accounting Accounting 40

Accounting Tools

MARCH 27, 2023

Related Courses How to Conduct a Compilation Engagement How to Conduct a Review Engagement How to Conduct an Audit Engagement What is Public Accounting? Public accounting refers to a business that provides accounting services to other firms. This can include the handling of many accounting functions on an outsourced basis.

Financial Statements 75

Financial Statements Accounting Accounting Auditing 75

FinOps Foundation

JANUARY 25, 2024

FOCUS : Microsoft has a few different types of customer accounts (MCA, EA, Pay-as-you-Go), and FOCUS normalizes the billing export across these account types. FOCUS also combines actual and amortized costs into one dataset , drastically reducing the cost of compute and storage needed to process this data.

FinOps 130

FinOps FinOps Computation Billing 130

FinOps Foundation

JANUARY 25, 2024

FOCUS : Microsoft has a few different types of customer accounts (MCA, EA, Pay-as-you-Go), and FOCUS normalizes the billing export across these account types. FOCUS also combines actual and amortized costs into one dataset , drastically reducing the cost of compute and storage needed to process this data.

FinOps 130

FinOps FinOps Computation Billing 130

FinOps Foundation

JANUARY 25, 2024

FOCUS : Microsoft has a few different types of customer accounts (MCA, EA, Pay-as-you-Go), and FOCUS normalizes the billing export across these account types. FOCUS also combines actual and amortized costs into one dataset, drastically reducing the cost of compute and storage needed to process this data.

FinOps 130

FinOps FinOps Computation Billing 130

FinOps Foundation

JANUARY 25, 2024

FOCUS : Microsoft has a few different types of customer accounts (MCA, EA, Pay-as-you-Go), and FOCUS normalizes the billing export across these account types. FOCUS also combines actual and amortized costs into one dataset, drastically reducing the cost of compute and storage needed to process this data.

FinOps 130

FinOps FinOps Computation Billing 130

Accounting Tools

MARCH 8, 2024

What is an Accounting Information System? An accounting information system is one that accumulates, stores, and processes financial and accounting information. An accounting information system is usually run using electronic data processing equipment, but can be operated less efficiently with a manual bookkeeping system.

General Ledger 40

General Ledger Accounting Accounting Accounts Payable 40

AP Association

JUNE 28, 2022

The role of accounts payable staff has changed significantly over the past two decades as technology has continued to play an ever-increasing part in day-to-day duties. Today, AP employees are more likely to spend their time working at a computer, rather than chasing up paper invoices. Will the processes become completely automated?

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Accounts Payable Accounts Payable AP Accounting 130