Accounting Today
SEPTEMBER 1, 2023
The institute's Auditing Standards Board issued an exposure draft for some proposed changes in the attestation standards for quality management and is asking for comments.
Intuit
SEPTEMBER 1, 2023
The U.S. Federal Trade Commission (FTC) is expected to announce that an FTC administrative law judge – an employee of the FTC – has ruled in favor of the FTC in the agency’s own lawsuit against Intuit. Intuit will appeal this groundless and seemingly predetermined decision by the FTC to rule in its own favor and is confident that when the matter ultimately returns to a neutral body Intuit will prevail, as it has previously in this matter.
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Accounting Today
SEPTEMBER 1, 2023
Employees perpetrate the most common fraud schemes at restaurants, including various cash and inventory misappropriation schemes.
Future Firm
SEPTEMBER 1, 2023
If you want to see the best cloud accounting software apps all in one place, then you’ll LOVE this ultimate list. In it, I’ll be sharing 147 of the best cloud accounting software apps on the market. Each item in the list will contain a brief description and will focus on how you can level up your accounting automation. While the list of accounting software is in no particular order, it has been grouped according to categories based on their accounting features so you can find the best accounting
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 Today
SEPTEMBER 1, 2023
The labor market showed some signs of cooling, with the unemployment rate rising three-tenths of a percentage point to 3.8%.
CloudZero
SEPTEMBER 1, 2023
Picture this. Gartner forecasts worldwide end-user spending for public cloud usage to ramp up to nearly $600 billion in 2023 — from $491 billion in 2022. Out of that spend, SaaS will make up a chunky $200 billion. For comparison, Infrastructure-as-a-Service (IaaS) and Platform-as-a-Service (PaaS) will make up $150 billion and $139 billion, respectively.
Financial Ops World brings together the best financial operations content from the widest variety of thought leaders.
Jetpack Workflow
SEPTEMBER 1, 2023
Podcast Summary David and Tejal have a vast conversation about all things business inception and building infractrues to IPOs and venture capital exits. Understanding the pace of trust in business and the importance of the emotional aspect of relationship building. Learning that good business really does speak for itself. Found in Today’s Conversation Congruent Advisory Services, LLC Tejal Shah CPA, MBA Double Your Accounting Firm Meet Tejal Shah Congruent Advisory Services, LLC be
Accounting Today
SEPTEMBER 1, 2023
Like the path to enlightenment, the path to advisory services for accounting firms is not always clearly laid out.
AvidXchange
SEPTEMBER 1, 2023
Jerome’s family-run furniture business has been serving the Southern California region for 66 years with 14 showrooms and 10 dream shops. Although COVID forced it to temporarily close down its retail locations, a dramatic increase in demand from people staying at home led to explosive growth. Jerome’s marketing team quickly pivoted their messaging and outreach to focus on the safety of their community while at the same time ensuring business continuity.
Accounting Today
SEPTEMBER 1, 2023
Experts share their advice on the best ways to launch a shift in your practice.
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.
Blake Oliver
SEPTEMBER 1, 2023
I took "Intro to Philosophy" to finish out my 150 credits. I thought that was ridiculous. But this guy has me beat! A listener confessed to taking "Beginner's Walking/Jogging" as his final class before earning his 150 credits to sit for the CPA exam. He went back to his college transcript, and sure enough - In the summer of 2013, he passed "Beginning Walking/Jogging" with an A, graduating that August with exactly 150 semester hours.
Accounting Today
SEPTEMBER 1, 2023
The Securities and Exchange Commission is facing a lawsuit filed Friday by a group of financial industry trade associations over its recently approved rule, which would require more disclosures of fees and expenses and annual audited financial statements of private equity and hedge funds.
Nanonets
SEPTEMBER 1, 2023
In Accounts Payable, the importance of vendor payment methods often goes unnoticed despite their substantial influence on the overall cash flow, efficiency of the AP team, and profit margins. The US Federal Reserve's new payment rail FedNow can shake up the landscape, offering significant time and cost savings. In this blog post, we delve into how FedNow could impact businesses and their vendor payment practices.
Accounting Today
SEPTEMBER 1, 2023
Herbein + Co. raises money with leadership dunk tank and cornhole tournament; ConvergenceCoaching graduates its Transformational Leadership class; and more news from across the profession.
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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!
Economize
SEPTEMBER 1, 2023
What is the AWS S3 lifecycle? The AWS S3 lifecycle refers to the series of stages an object goes through from the moment it’s uploaded to an S3 (Simple Storage Service) bucket until it’s eventually deleted.
Accounting Today
SEPTEMBER 1, 2023
Plus, Expensify adds enhanced insights and custom reporting functionality; IMA launches new cybersecurity certificate program; and other accounting tech news.
Accounting Tools
SEPTEMBER 1, 2023
Related Courses Partnership Accounting Partnership Tax Guide What is a Distribution to Owners? A distribution to owners is a payment of the retained earnings of a business to its owners. This distribution may be made in a smaller company because there is no other way for the owners to gain value from the enterprise, as would normally be achieved through the sale of stock or sale of the business.
Accounting Today
SEPTEMBER 1, 2023
With so many saying that the future of accounting is in advisory services, experts weigh in on whether there will be room for more traditional services.
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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.
Accounting Tools
SEPTEMBER 1, 2023
Related Courses Accounting for Leases What is a Direct Financing Lease? A direct financing lease is a financing arrangement in which the lessor acquires assets and leases them to its customers, with the intent of generating revenue from the resulting interest payments. A direct financing lease is usually offered by financing institutions, such as equipment leasing companies.
Accounting Today
SEPTEMBER 1, 2023
The Institute of Management Accountants and the Educational Foundation for Women in Accounting announced their annual scholarship recipients.
Accounting Tools
SEPTEMBER 1, 2023
Related Courses Corporate Cash Management Corporate Finance Treasurer's Guidebook What is a Debenture Bond? A debenture bond is a bond that is not secured by any assets of the issuer. Instead, the bond is only backed by the reputation and integrity of the issuer. This type of bond typically carries a higher rate of interest than a secured bond, to compensate investors for the increased risk of not having their funds repaid.
Accounting Today
SEPTEMBER 1, 2023
The chief of Grant Thornton shares the importance of recognizing your own mistakes and keeping an open mind.
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.
Accounting Tools
SEPTEMBER 1, 2023
Related Courses Accounting for Income Taxes What are Deferred Income Taxes? Deferred income taxes are taxes that a company will eventually pay on its taxable income , but which are not yet due for payment. The difference in the amount of tax reported and paid is caused by differences in the calculation of taxes in the local tax regulations and in the accounting framework that a company uses.
Nanonets
SEPTEMBER 1, 2023
AI is wonderful for automating manual work, but automating business processes is not just as straightforward as a 1-line prompt. Tools like ChatGPT are incredible at answering your questions. However, true automation looks different. Let's dive in: Introduction There is no escaping that AI will be the most talked about topic on the internet in 2023.
Accounting Tools
SEPTEMBER 1, 2023
Related Courses Fixed Asset Accounting How to Audit Fixed Assets What is Depreciation Expense? Depreciation expense is that portion of a fixed asset that has been considered consumed in the current period. This amount is then charged to expense. The intent of this charge is to gradually reduce the carrying amount of fixed assets as their value is consumed over time.
NextProcess
SEPTEMBER 1, 2023
High operating costs stifle business growth. In contrast, if you’re able to cut back on operating costs and streamline business processes, you’ll be in a better position for your company to thrive and grow. A survey of CFOs in November last year revealed that their top priorities for 2023 involve “significant strategic change” in finance ( “Gartner Survey Identifies the Top 10 Priorities for CFOs in 2023” ).
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 Tools
SEPTEMBER 1, 2023
Related Courses Accounting for Mining Oil and Gas Accounting What is Depletion Expense? Depletion expense is a charge against profits for the use of natural resources. The depletion concept is most commonly used in the mining, timber, and oil and gas industries, where exploration and development costs are capitalized , and depletion is needed as a logical system for charging these costs to expense.
Accounting Tools
SEPTEMBER 1, 2023
Related Courses Auditing Nonprofit Entities Nonprofit Accounting What is a Donor-Imposed Restriction? A donor-imposed restriction is a limitation on how a contributed asset can be used. This restriction can address the purpose to which an asset is put, the time period during which it can be used, or both. A restriction may be permanent, or limited to a specific period of time or an event, after which the restriction is lifted.
Accounting Tools
SEPTEMBER 1, 2023
Related Courses Bookkeeper Education Bundle Bookkeeping Guidebook Closing the Books What is a Deferral-Type Adjusting Entry? A deferral-type adjusting entry is an accounting entry that shifts some portion of a recognized amount into a future period. This journal entry may be used to defer the recognition of revenue or an expense. A deferral-type adjusting entry is only used in accrual basis accounting , and usually only during the closing process, in preparation for the release of financial stat
Accounting Tools
SEPTEMBER 1, 2023
Related Courses Real Estate Tax Guide What is Equalization? Equalization is the adjustment of assessed property values in a taxing district in order to align the values with assessment values in nearby taxing districts. The concept is usually applied within counties to adjust for assessment values in other counties in the same state. By engaging in equalization, taxpayers will pay their fair share of the state tax.
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