Accounting Today
SEPTEMBER 28, 2023
Close to a thousand taxpayers who earn over $1 million a year failed to file tax returns over multiple recent years, potentially owing $34 billion in taxes, according to IRS data.
Xero
SEPTEMBER 28, 2023
There’s just one week to go to get your applications in for the Xero Beautiful Business Fund! Applications are closing Friday, 6 October 2023 at 5:00 pm local time in your country (AEST, NZDT, BST, PDT, SAST or SGT). A huge thank you to all of those who’ve already applied, and those that have shared news of the fund through your networks. First time hearing of the Xero Beautiful Business Fund ?
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Accounting Today
SEPTEMBER 28, 2023
The standard reflects the many changes in technology, communications and business practices since an interim standard was first adopted decades ago.
Accounting Department
SEPTEMBER 28, 2023
To kick off this year's series of Entrepreneurs' Organization (EO) events, ADC Business Development Representative, Shawn Marcum, attended EO Alchemy in Seattle, WA last week.
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 28, 2023
About two-thirds of IRS employees would be furloughed in the event of a shutdown, which appears likely this weekend.
Jetpack Workflow
SEPTEMBER 28, 2023
Podcast Summary In this episode of “Growing Your Firm,” host David Cristello interviews Kayla Green from Bactrian LLC. They discuss the firm’s impressive growth, which has largely been driven by word-of-mouth referrals rather than traditional digital marketing. Bactrian LLC offers a range of accounting services, payroll servicing, estate planning, and financial advising, positioning themselves as a one-stop shop for their clients.
Financial Ops World brings together the best financial operations content from the widest variety of thought leaders.
MineralTree
SEPTEMBER 28, 2023
Today’s fast-paced business landscape demands unprecedented levels of efficiency and accuracy, especially in the finance sector. To keep pace with these changes, it’s imperative for financial functions to rethink their processes to boost productivity. Under the finance umbrella, accounts payable (AP) is particularly ripe for digitalization, with the potential to streamline operations and enhance efficiency.
Accounting Today
SEPTEMBER 28, 2023
No Relief; fakin' it; consider it reconciled; and other highlights of recent tax cases.
Cloud Accounting Podcast
SEPTEMBER 28, 2023
The recent moratorium on Employee Retention Credit (ERC) claims has big implications for accounting and tax professionals. In this episode, we break down what the ERC moratorium means and the key things you need to know as an accountant or tax preparer. We discuss how it will impact tax preparation and the diligence required to avoid invalid/fraudulent ERC claims, the bookkeeping and accounting changes to accommodate the moratorium, and the effects on audits.
Accounting Today
SEPTEMBER 28, 2023
The Governmental Accounting Standards Board floated a proposal to set requirements for some types of capital assets to be disclosed separately by state and local governments for purposes of note disclosures.
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.
Ace Cloud Hosting
SEPTEMBER 28, 2023
A recent Supreme Court ruling in the US expands the scope of states to collect sales tax on goods and services purchased from out-of-state via the Internet. As a result.
Accounting Today
SEPTEMBER 28, 2023
The document aims to help auditors and accountants set up a quality management system at their firms ahead of a 2025 deadline.
Nanonets
SEPTEMBER 28, 2023
When it comes to b2b payments, there are a lot of different options and methods out there. And with so many options available, it can be tough to know which one is right for your business. That's why we've put together this comprehensive guide to making b2b payments. We'll cover everything from the different types of b2b payment methods to how to choose the right one for your business.
Accounting Today
SEPTEMBER 28, 2023
Whether you're exhibiting or attending, here are four tips for making the most out of events.
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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!
Nanonets
SEPTEMBER 28, 2023
As a business owner, you may not be ready to take on the expense of a full-time employee. Perhaps you only need someone for a short-term project or to fill in during busy periods. Whatever the reason, if you do decide to hire an Independent Contractor, it’s important to understand that Independent Contractors often have distinct financial needs and characteristics when it comes to payments Independent contractors can require high than once a month frequency on payroll.
Accounting Today
SEPTEMBER 28, 2023
Cybersecurity and human capital rank as the top risks among internal auditors around the world, according to a new survey.
Nanonets
SEPTEMBER 28, 2023
In today's business world, more and more companies are doing business internationally. This means that they need to be able to accept payments from customers in other countries. In order to do this, they need to have a way to process international payments. One of the most popular methods of processing international payments is through PayPal. PayPal allows businesses to accept payments from customers in over 190 countries.
Accounting Today
SEPTEMBER 28, 2023
After retiring from Deloitte, he became a co-founder and partner of both K2 Integrity and Kroll Bond Rating Agency.
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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.
Nanonets
SEPTEMBER 28, 2023
What is Electronic Funds Transfer (EFT)? If you've ever used online banking, chances are you've used Electronic Funds Transfer, or EFT. But what is EFT, exactly? EFT stands for Electronic Funds Transfer. It is a system of transferring money from one bank account to another without the use of paper checks, or cash. One of the advantages of EFT is that it's relatively quick - payments can be processed and transferred within a few days.
Accounting Today
SEPTEMBER 28, 2023
Accounting firm CEOs sometimes struggle with the concept of transparency when they aren't compelled to do so.
Nanonets
SEPTEMBER 28, 2023
When it comes to b2b payments, there are a lot of different options and methods out there. And with so many options available, it can be tough to know which one is right for your business. That's why we've put together this comprehensive guide to making b2b payments. We'll cover everything from the different types of b2b payment methods to how to choose the right one for your business.
Accounting Tools
SEPTEMBER 28, 2023
Related Courses Accounting for Investments GAAP Guidebook What is Amortized Value? Amortized value is the recorded amount of a security , adjusted for any applicable amortization of premium or discount. The premium or discount is the excess or reduced amount, respectively, that an investor pays the issuer of a security, which adjusts the effective interest rate of the security that will be earned by the investor.
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.
Nanonets
SEPTEMBER 28, 2023
= Cross-border payments have become increasingly popular as businesses and individuals alike seek to capitalize on opportunities in foreign markets. Yet, these payments can be fraught with challenges, from foreign exchange risks to compliance with local regulations. In this blog, we will explore the challenges of cross-border payments and some possible solutions to mitigate those risks.
Accounting Tools
SEPTEMBER 28, 2023
Related Courses Bookkeeping Guidebook How to Audit Receivables New Controller Guidebook What is the Allowance for Bad Debts? The allowance for bad debts is a reserve against the amount of accounts receivable that customers may not pay. When actual bad debts are recognized , they are charged against this allowance account. By using an allowance for bad debts, a business can charge off the incremental expected change in bad debts as soon as receivables are recorded.
Nanonets
SEPTEMBER 28, 2023
As a business owner, you may not be ready to take on the expense of a full-time employee. Perhaps you only need someone for a short-term project or to fill in during busy periods. Whatever the reason, if you do decide to hire an Independent Contractor, it’s important to understand that Independent Contractors often have distinct financial needs and characteristics when it comes to payments Independent contractors can require high than once a month frequency on payroll.
Accounting Tools
SEPTEMBER 28, 2023
Related Courses Accounting for Inventory Budgeting Cost Accounting Fundamentals What is an Actual Cost? Actual cost is the actual expenditure made to acquire an asset , which includes the supplier -invoiced expense, plus the costs to deliver, set up, and test the asset. This is the cost of an asset when it is initially recorded in the financial statements as a fixed asset.
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!
Nanonets
SEPTEMBER 28, 2023
In today's business world, more and more companies are doing business internationally. This means that they need to be able to accept payments from customers in other countries. In order to do this, they need to have a way to process international payments. One of the most popular methods of processing international payments is through PayPal. PayPal allows businesses to accept payments from customers in over 190 countries.
Accounting Tools
SEPTEMBER 28, 2023
Related Courses Accounting Changes and Error Corrections What is an Accounting Change? An accounting change is a change in accounting principle , accounting estimate , or the reporting entity. These changes can trigger modifications in the reported profits or other financial aspects of a business. They are covered in more detail below. An accounting change may require discussion in the notes accompanying the financial statements.
Nanonets
SEPTEMBER 28, 2023
What is Electronic Funds Transfer (EFT)? If you've ever used online banking, chances are you've used Electronic Funds Transfer, or EFT. But what is EFT, exactly? EFT stands for Electronic Funds Transfer. It is a system of transferring money from one bank account to another without the use of paper checks, or cash. One of the advantages of EFT is that it's relatively quick - payments can be processed and transferred within a few days.
Accounting Tools
SEPTEMBER 28, 2023
Related Courses Accounting for Earnings per Share Public Company Accounting and Finance What is Average Shares Outstanding? The average shares outstanding concept is used to calculate earnings per share information. The average shares outstanding figure is inserted into the denominator of the earnings per share calculation, to derive the earnings per share in a reporting period.
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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.
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