Thu.Sep 21, 2023

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IRS moratorium on new ERC claims puts spotlight on preparers

Accounting Today

The Internal Revenue Service is encouraging employers to work with qualified tax professionals rather than shady promoters.

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5 Essential KPIs to Track for Your Growing Business

Accounting Department

As a growing business, it's essential to monitor and track various key performance indicators (KPIs). This is crucial in assessing the performance of your business, determining the areas that need improvement, and making informed decisions.

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Revived Andersen accounting firm sees revenue up 19% this year

Accounting Today

The consultancy, created by former partners of Arthur Andersen, expects revenue to exceed $1.9 billion this year.

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Celebrate Your Team: Finance & Accounting Appreciation Week 

AvidXchange

T h e I n s t i t u t e o f F i n a n c e & M a n a g e m e n t (IOFM) ’ s Finance & Accounting Appreciation Week is September 25-29, 2023. Now’s the time to order treats and circulate cards for your hard-working accounts payable (AP) team. AvidXchange’s own Rhonda Greene, principal solutions consultant, said it best: “I’ve never worked with an AP person that didn’t want to make a difference.

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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

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The crucial role of document management in accounting firms

Accounting Today

In the complex world of finance and accounting, precision is paramount. Every transaction, every number, every document, and every piece of data holds immense value.

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Accounting Tips for Engineering Companies

CSI Accounting & Payroll

Engineering companies face complex issues for clients, and your accounting can be equally as challenging. Depending on the size of your company, you may have different concerns. At CSI Accounting & Payroll, we've worked with engineering companies for over 50 years. We know that keeping on top of your accounting is not as straightforward as it is for some other small businesses.

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The ERC Jumps The Shark with Snoop Dogg Deepfake

Cloud Accounting Podcast

Buckle up for a wild ride covering everything from brazen ERC scams to cutting-edge AI. Join Blake and David as they expose the rampant fraud sucking billions from the federal coffers. You'll hear an unbelievable voicemail scam promising gangbusters refunds—could it really be Snoop Dogg or is your mind playing tricks? Fast forward to the bleeding edge of technology with jaw-dropping examples of AI voice and face swapping.

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Digital transformation beat expectations, but profits lag

Accounting Today

A KPMG poll found more than half of businesses say digital transformation initiatives have exceeded expectations for ROI but this may not necessarily translate into more profits.

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Canon imageFormula R40 Receipt Edition

Insightful Accountant

Murph checked out the Canon imageFormula R40 Receipt Edition for QuickBooks Online. See how it captures receipts, extracts key data, and sends the data and image to QuickBooks in a few clicks, and handles other documents just as well.

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AI for accounting marketing: A SWOT analysis

Accounting Today

A look at the strengths, weaknesses, opportunities and threats of tools like ChatGPT in promoting professional services.

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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.

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Roman Kepczyk | The Power of Cloud Solutions for Accounting Firms of All Sizes

Insightful Accountant

Gary DeHart and Roman Kepczyk, CPA, discuss the importance and advantages of hosted/remote/cloud based solutions for accounting firms of all sizes.

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Tax Fraud Blotter: Notable criminal histories

Accounting Today

Charity for none; Dr. Backdate; frivolous correspondence; and other highlights of recent tax cases.

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9 Best Client Accounting Services Software for Modern Firms

Jetpack Workflow

When you’re already busy running a growing accounting firm, you probably don’t need another article covering the essential accounting tools every firm needs. However, using client accounting services (CAS) software may be helpful as you scale your advisory business. CAS software includes tools for collecting recurring payments, providing your team with a modern sales experience, and staying organized with service fulfillment.

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How to recruit the next generation of CPAs

Accounting Today

Accounting firms need to be bolder with their recruiting, and these four strategies can help.

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How To Break Digital Transformation Barriers And Accelerate AI Adoption

Speaker: Anna Tiomina, MBA

AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?

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What Is QuickBooks Hosting? How does QuickBooks on Cloud Benefits your Business?

Ace Cloud Hosting

QuickBooks Hosting is the process of installing the QuickBooks Desktop accounting software on the cloud server, making it accessible via a web browser. It leverages cloud-based technology to deliver enhanced.

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Mendlowitz establishes scholarship at Baruch

Accounting Today

The accounting icon has found yet another way to give back in addition to his teaching, mentoring, writing and many other contributions to the profession.

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All Signs Pointing Up for Economy

Insightful Accountant

Deloitte's recent '2023 Q3 CFO Signals' survey shows that optimism for the economy is rising among large-company CFOs.

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Juror who made race comments removed from $1.3B tax case

Accounting Today

A trial threatened to descend into chaos after 12 jurors clashed over race and class while weighing charges against a wealthy developer and two others accused of arranging $1.3 billion in phony tax deductions.

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Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.

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10 Reasons to Boost Your Revenue and Efficiency with Accounting Outsourcing Services

CapActix

The business of CPAs is blossoming in the USA, the UK, and several other parts of the world due to increasing statutory requirements, the emphasis on data-driven business decision-making, better resource management, and other aspects. As the trends have been changing over the past few years, small to large-scale businesses have realized the worth of outsourced accounting to a reliable CPA firm or an offshore accounting company.

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Mendlowitz establishes family scholarship at Baruch

Accounting Today

As a lecturer, Ed believes in the power of handing down knowledge to future generations.

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Understanding the Difference: Purchase Order vs Invoice

Nanonets

To effectively manage procurement and financial processes, it is crucial to understand the distinction between a  purchase order  and an  invoice. While both documents contain similar information, they serve different purposes in the purchasing process. A  purchase order  is issued by the buyer to outline the products or services needed.

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Management advisory services definition

Accounting Tools

What are Management Advisory Services? Management advisory services are consulting services performed by a specialist organization for its clients. These services are intended to provide advice regarding the operations and finances of clients. The services may address any of the following areas: Asset valuation Business strategy Computer systems Litigation support Mergers and acquisitions Organizational structure Process analysis Risk management A CPA firm may provide management advisory service

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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

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Unearth the Benefits of Finance Automation Today!

Nanonets

Finance automation  is revolutionizing the way businesses manage their financial processes, streamlining operations, and maximizing productivity. By utilizing technologies like  artificial intelligence  and  machine learning ,  finance automation  eliminates manual tasks, allowing finance teams to focus on more critical functions such as financial planning and analysis.

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Time and materials pricing definition

Accounting Tools

Related Courses Revenue Management Revenue Recognition What is Time and Materials Pricing? Time and materials pricing is used in the service and construction industries to bill customers for a standard labor rate per hour used, plus the actual cost of materials used. The standard labor rate per hour being billed does not necessarily relate to the underlying cost of the labor; instead, it may be based on the market rate for the services of someone having a certain skill set, or the cost of labor

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Understanding the Difference: Accounts Payable vs Notes Payable

Nanonets

Managing debts and payments in business involves understanding the crucial differences between accounts payable and notes payable. Accounts payable refers to short-term debts owed to suppliers, partners, or contractors that must be paid within a specific timeframe, usually monthly. On the other hand, notes payable is a broader concept that allows for longer periods of financial planning and control.

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Bust-out definition

Accounting Tools

Related Courses Fraud Examination Fraud Schemes How to Audit for Fraud What is a Bust-Out? A bust-out scheme involves establishing credit , using the maximum amount of the credit, and then not paying the bill. For example, a common practice for the credit department of a business is to grant small amounts of credit to newer customers , and then gradually build up the amount of credit allowed when there is a history by customers of paying on time.

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Maximizing Profit and Productivity: The New Era of AI-Powered Accounting

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

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Overcoming Accounting Problems: Your Friendly Guide

Nanonets

Accounting problems  can create significant challenges for businesses, affecting their  financial flow  in the  US. Resolving these problems is crucial to ensure a smooth and efficient operation. In this article, we will explore common  accounting problems  faced by businesses and provide  solutions  to overcome them.

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Cost of capital definition

Accounting Tools

Related Courses Capital Budgeting Financial Analysis What is the Cost of Capital? The cost of capital is the blended cost of an entity's currently outstanding debt instruments and equity , weighted by the comparative proportions of each one. In reviewing new investments in production equipment, a manager wants the projected return to exceed the cost of capital; otherwise, the entity is generating a negative return on its investment.

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Understanding the Difference: Quote vs Invoice Explained

Nanonets

Quotes and invoices play crucial roles in business transactions, but it's essential to understand how they differ in terms of purpose and function. A  quote  is an estimation of the cost of a product or service that is provided to a potential customer before a sale is made. It outlines the work to be done, materials needed, labor, and the estimated cost.

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Freemium pricing definition

Accounting Tools

Related Courses Revenue Management Revenue Recognition What is Freemium Pricing? Freemium pricing is the practice of offering a basic set of services for free, and enhanced features and/or content for a fee. This approach will result in a large proportion of customers using the company's offerings for free, and a smaller proportion paying for additional services.

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Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.