Accounting Today

APRIL 24, 2024

The IRS has long offered alternative dispute resolution, but says use has declined in recent years, and it hopes to make it more attractive and accessible.

Tax 302

Tax 302

Compleatable

APRIL 24, 2024

Join Compleat Education as we run through our purchasing and accounts payable automation software especially for schools and multi-academy trusts. We’ll go over ways to save your school/s time, money, and increase visibility on every purchase. The post Purchasing & AP Automation for Schools and MATs Like Yours first appeared on Compleat Software.

AP 130

AP Accounts Payable Accounts Payable Accounting 130

Accounting Today

APRIL 24, 2024

Thomson Reuters announced the release of CoCounsel, a generative solution within Checkpoint Edge meant to help tax professionals with complex research.

Tax 343

Tax 343

Insightful Accountant

APRIL 24, 2024

Tax technology is changing, and tax professionals are looking for reliable resources when it comes to the future of AI within tax tech. Today, Thomson Reuters is announcing their upcoming tax launch.

Tax 106

Tax 106

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

Accounting Today

APRIL 24, 2024

Firms need to adapt to changes in technology at a pace that makes sense for them and their clients.

Computation 288

Computation 288

Insightful Accountant

APRIL 24, 2024

A lot of ProAdvisors and Accountants voiced their opinions at the April 24th QuickBooks Live Strategy (briefing) webinar. a lot of those opinions were negative, but this might not be as bad as your thinking.

QuickBooks 105

QuickBooks Accounting Accounting 105

Insightful Accountant

APRIL 24, 2024

Today's QB Talks (April 24, 2024) at 2:00 PM (EDST) is all about the new 'Modern View' Reports that Intuit is rolling out into QuickBooks Online. It's not too late to register.

QuickBooks 82

QuickBooks 82

Accounting Today

APRIL 24, 2024

Turns out clients are as mistaken about tax preparers as they are about taxes.

Tax 254

Tax 254

Insightful Accountant

APRIL 24, 2024

While rare, tax preparers must disclose reportable transactions on most returns. Understanding which transactions require disclosure is crucial for all preparers to ensure compliance.

Tax 76

Tax 76

Accounting Today

APRIL 24, 2024

In "The Black Tax," professor and historian Andrew W. Kahrl explores how the racial wealth gap in America has roots in unfair tax practices.

Tax 171

Tax 171

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.

Accounting Tools

APRIL 24, 2024

What is a Semi-Fixed Cost? A semi-fixed cost is a cost that contains both fixed and variable elements. As a result, the minimum cost level that will be experienced is greater than zero; once a certain activity level is surpassed, the cost will begin to increase beyond the base level, since the variable component of the cost has been triggered. A cost that is classified as semi-fixed does not have to contain a certain proportion of fixed costs or variable costs to be classified as such.

Cost Accounting 75

Cost Accounting Budgeting Billing Accounting 75

Accounting Today

APRIL 24, 2024

Podcasting is the new blogging. Everyone's doing it, and you should, too, right? Not so fast.

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183

Accounting Tools

APRIL 24, 2024

What is Liquidity Ratio Analysis? Liquidity ratio analysis is the use of several ratios to determine the ability of an organization to pay its bills in a timely manner. This analysis is important for lenders and creditors , who want to gain some idea of the financial situation of a borrower or customer before granting them credit. There are several ratios available for this analysis, all of which use the same concept of comparing liquid assets to short-term liabilities.

Financial Analysis 75

Financial Analysis Accounts Receivable Accounts Receivable Account Receivables 75

Accounting Today

APRIL 24, 2024

Lindsay Stevenson's transformation team drives innovation for Top 50 Firm BPM

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Accounting

Accounting Tools

APRIL 24, 2024

Fraud Schemes Related to Cash There are a number of ways in which an individual can commit fraud by stealing cash from a business. Since cash is essentially untraceable once stolen, someone intent on stealing assets will be particularly focused on this type of asset. Several ways in which cash fraud can be committed are noted below. Note that all of the following types of cash fraud are perpetrated by corporate insiders.

Petty cash 74

Petty cash Deposits Auditing Billing 74

Accounting Today

APRIL 24, 2024

Its investigators identified a scheme to improperly claim COVID relief tax credits.

Tax 183

Tax 183

Accounting Tools

APRIL 24, 2024

What is a Reporting Period? A reporting period is the span of time covered by a set of financial statements. It is typically either for a month, quarter, or year. Organizations use the same reporting periods from year to year, so that their financial statements can be compared to the ones produced for prior years. On rare occasions, a reporting period may be for a shortened time period, such as a week or a few days.

Financial Statements 71

Financial Statements Financial Analysis Financial Reporting Bookkeeping 71

Accounting Today

APRIL 24, 2024

The events will be held in Chicago, Baltimore, Dallas, Orlando, and San Diego this year.

Tax 177

Tax 177

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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

Gaviti

APRIL 24, 2024

Dunning workflows are a series of automated emails and actions that A/R teams use to collect invoices from customers. Having the best dunning workflow for each customer is the key to increasing your cash flow. In some companies, the implementation of dunning workflows increases cash flow by a significant percentage almost instantly. With automated dunning and flexible customer segmentation, options for dunning workflows are numerous.

Collections 52

Collections Invoicing Tax Accounting 52

Future Firm

APRIL 24, 2024

Many firm owners work too much without a break. In this episode, I'll share a system to boost your profits while cutting your work hours. The post 150 – The Firm Freedom System [6 Steps] appeared first on Future Firm.

Accounting 52

Accounting Accounting 52

Insightful Accountant

APRIL 24, 2024

It's time to recertify for most QuickBooks Online ProAdvisors ('Core' or 'Advanced'). The recertification window opens May 1 with a June 30, 2024 deadline for exam completion.

QuickBooks 52

QuickBooks 52

Nanonets

APRIL 24, 2024

Business leaders have moved on from discussing whether or not software solutions and business applications can change how business is done; now, they’re focused on what SaaS platforms can fulfill their organization’s needs. For accounting and finance professionals, accounting software is paramount, but when it comes to accounting software, there are right and wrong choices.

XERO 52

XERO AP AR Accounts Payable 52

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.

Insightful Accountant

APRIL 24, 2024

Investment from Periphas Capital and Lavelle Capital will support FinQuery’s mission to make lives easier by simplifying complex workflows with technology.

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52

Nanonets

APRIL 24, 2024

Audit Bank Reconciliation Guide  Both internal and external accounting audits are essential parts of financial management as well as organizational risk management. A bank reconciliation audit is one such process that helps in identifying financial gaps or discrepancies. In addition to companies performing bank reconciliations internally at least once a month, it is recommended that external auditors conduct a thorough bank reconciliation process biannually or annually to verify the interna

Bank Reconciliation 52

Bank Reconciliation Auditing Reconciling General Ledger 52

Accounting Tools

APRIL 24, 2024

What is a Registered Bond? A registered bond is a bond for which the issuing entity maintains a list of the owners and the interest paid. A registered bond may state the name of its owner on its face, and is only transferable with the owner's endorsement. This approach is useful for the issuer , since it can send dividend payments to bond owners based on its internal records.

Corporate Finance 40

Corporate Finance Collections 40

Nanonets

APRIL 24, 2024

Introduction Accuracy and efficiency are non-negotiable in the processing of payments in any company, be they payments received by the company for products/services rendered, or made to vendors for products/services received. Payment reconciliation is the process of verifying all payment transactions. It involves comparing transaction records from various sources, such as invoices, bank statements , and payment receipts, to identify discrepancies and errors.

Reconciling 52

Reconciling Bank Reconciliation Invoicing Auditing 52

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

Accounting Tools

APRIL 24, 2024

What is Faithful Representation? Faithful representation is the concept that financial statements be produced that accurately reflect the condition of a business. For example, if a company reports in its balance sheet that it had $1,200,000 of accounts receivable as of the end of June, then that amount should indeed have been present on that date. The faithful representation concept should extend to all parts of the financial statements, including the results of operations, financial position ,

Financial Statements 40

Financial Statements Financial Reporting Bookkeeping Accounts Receivable 40

Insightful Accountant

APRIL 24, 2024

New Xero data shows signs that sales decline is stabilizing for US small businesses.

XERO 52

XERO 52

Accounting Tools

APRIL 24, 2024

What is Retrospective Application? A retrospective application is the application of a new accounting principle as if that principle had always been applied. The concept is used when the financial statements for multiple periods are being presented. With the retrospective application of accounting principles, the information presented in multi-period financial statements is more comparable.

Financial Statements 40

Financial Statements Accounting Accounting 40

NACM

APRIL 24, 2024

The goal for B2B credit managers is to wisely offer credit to customers, minimize nonpayment risk and foster business relationships. It is through NACM's Professional Certification Program, that credit professionals are able to learn or re-educate themselves on various aspects of trade credit, becoming a more efficient credit leader in the process.

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5

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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.