Accounting Today

APRIL 18, 2024

Accounting and finance professionals are expressing greater confidence about the world economy this year, according to a new survey.

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Accounting Accounting 332

Accounting Department

APRIL 18, 2024

Last week, the AccountingDepartment.com team attended the 2024 Entrepreneurial Operating System (EOS) Conference in San Diego, CA.

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Accounting Today

APRIL 18, 2024

PricewaterhouseCoopers US is realigning its organizational structure across three lines of service — Assurance, Tax and Advisory — starting in July.

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Tax 306

Cevinio

APRIL 18, 2024

How AI and RPA Are Transforming Accounts Payable Processes in the Year Ahead Introducing Our Whitepaper: “8 Accounts Payable Trends to Watch” In the dynamic landscape of financial operations, staying ahead means understanding the evolving trends shaping the future of Accounts Payable (AP). Our latest whitepaper delves into “8 Accounts Payable Trends to Watch: How AI and Robotics Are Transforming Accounts Payable Processes in the Year Ahead.” As businesses navigate through

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Accounts Payable Accounts Payable AP Accounting 130

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 18, 2024

Speedy decision; trouble in paradise; diplomatic imbecility; and other highlights of recent tax cases.

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Tax 311

Insightful Accountant

APRIL 18, 2024

Murph takes a first look at 'Figured', a cloud-based agribusiness software app that works with either QuickBooks Online or Xero and that he thinks is '"perfect for farming and ranching.

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XERO QuickBooks 110

Plooto

APRIL 18, 2024

Managing cash flow effectively is an essential aspect of running a business smoothly. However, many small businesses struggle with cash flow management, especially if they don’t have a lot of experience in bookkeeping and accounting.

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Bookkeeping Accounting Accounting 105

Accounting Today

APRIL 18, 2024

Ernest John Nedder, a partner and chief strategy officer at RSM US LLP, will be the next CEO of the RSM International network, succeeding longtime CEO Jean Stephens on June 1.

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Accounting Accounting 204

Accounting Tools

APRIL 18, 2024

What is a Contingency? A contingency arises when there is a situation for which the outcome is uncertain, and which should be resolved in the future, possibly creating a loss. This situation commonly arises when a business is the defendant in a lawsuit, or has guaranteed the payment of a debt incurred by a third party. Examples of Contingencies As an example of a contingency, Armadillo Industries has been notified by the local zoning commission that it must remediate abandoned property on which

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Accounting Accounting Financial Statements Auditing 75

Accounting Today

APRIL 18, 2024

The process of becoming a remote partner isn't much different from the traditional path — but it may take a little extra effort.

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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.

Economize

APRIL 18, 2024

Google Axion Processor is a groundbreaking development in custom silicon chips, a result of Google’s relentless pursuit of innovation. These custom Arm®-based CPUs represent a significant leap forward in computing technology, with industry-leading performance and energy efficiency.

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Computation 59

Accounting Today

APRIL 18, 2024

Ross Tennenbaum said he intends to improve its customer experience, and hinted at an e-invoicing partnership with a blue chip company.

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Invoicing Tax 189

Insightful Accountant

APRIL 18, 2024

This is the day that I rise early and head to the cemetery to remember my friend, Ted L. Allen, who died in the bombing of the Alfred P. Murrah Federal Building in Oklahoma City.

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Accounting Today

APRIL 18, 2024

The lawsuit accuses the SEC of acting without authority to create the Consolidated Audit Trail.

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Auditing 183

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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!

Accounting

Invoicera

APRIL 18, 2024

Introduction Starting out a new business venture? Catching up on a few business terms can help you become a Pro early! While starting out your own new business venture can be really exciting, it can be nerve-wrenching too at the same time. Unfamiliarity with new business terms can cause a hindrance in understanding and communicating with clients. Especially, when related to the sale of physical goods, you need to catch up fast with the inside business terms.

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Purchase Order Invoicing Billing Budgeting 52

Accounting Today

APRIL 18, 2024

Experts from the Fed, Intuit and the Urban-Brookings Tax Policy Center explored ideas for more effective ways to advance the goals of the mortgage interest deduction.

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Tax 141

CSI Accounting & Payroll

APRIL 18, 2024

When you buy a fixed asset for your small business, how are you supposed to handle that in your books? Over the years, the government has created a few methods to choose from. At CSI Accounting & Payroll, we’ve worked with monthly accounting for small businesses for over 50 years. We’ve advised thousands of prospective clients on how they can handle fixed assets, including the newest method: the De Minimis Safe Harbor election.

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Payroll Accounting Accounting Small Business Accounting 52

Accounting Today

APRIL 18, 2024

Some remote partners act as a beachhead in new markets, allowing access to clients far beyond a firm's local geography.

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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

oAppsNet

APRIL 18, 2024

In today’s fast-paced digital landscape, cash apps have revolutionized how we manage our finances. Among these innovative platforms, oAppsNET Cash Apps stand out for their versatility and comprehensive features. From personal budgeting to business expense management, oAppsNET Cash Apps offer various use cases to streamline financial transactions and optimize cash flow.

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Budgeting Invoicing Billing Reconciling 52

AvidXchange

APRIL 18, 2024

Payment fraud is a major concern in accounts payable (AP) departments. According to a recent survey, “ The State of B2B Payment Security in 2024 ,” conducted by AvidXchange and the Institute of Finance & Management (IOFM), 76% of AP leaders said their department has experienced payment fraud in the past calendar year. Though opportunities for payment fraud are prevalent in today’s AP departments and the related financial losses are significant, many organizations do not have adequate measure

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AP Invoicing Billing Accounts Payable 52

accountingfly

APRIL 18, 2024

Top Remote Accounting Candidates This Week Looking for remote accountants? Accountingfly can help! With our ‘ Always-On Recruiting ‘ program, you can access highly skilled and experienced remote accountants with no upfront cost. These are just a few of our top candidates this week. Sign up now to receive the full list of top accounting candidates available weekly!

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General Ledger CPA Accounting Accounting 52

Reconciled Solutions

APRIL 18, 2024

With the right metrics to track your small biz performance, you can avert disaster before it strikes your business. Find out how. The post Dashboard metrics to Keep a Pulse on your Small Biz Performance appeared first on Reconciled Solutions.

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Reconciling 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.

Nanonets

APRIL 18, 2024

In today's fast-paced business environment, efficient management of accounts receivable (AR) and accounts payable (AP) is crucial for maintaining a healthy cash flow. Invoices are an essential part of this. Invoice creation and Invoice processing are critical steps in these processes. NetSuite's robust invoice management system offers a powerful solution to automate and streamline the invoicing process, boosting efficiency and improving your bottom line.

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Invoicing AR AP Data Entry 52

Accounting Tools

APRIL 18, 2024

What is Income Tax Payable? Income tax payable is a liability that an entity incurs that is based on its reported level of profitability. The tax can be payable to a variety of governments, such as the federal and state governments within which the entity resides. Once the organization pays the income tax , the liability is eliminated. As an alternative to payment, the income tax liability can be reduced through the application of offsetting tax credits granted by the applicable government entit

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Tax Expense Reports Accounting Accounting 40

Gaviti

APRIL 18, 2024

As an assessment and diagnostic tool, it’s hard to overstate the importance of your company’s accounts receivable (AR) collections aging report. Also known as “ accounts receivable reconciliation ,” this is a common report that offers a broad overview of a company’s financial status as well as the status of its customers and their abilities to pay. What Is an AR Aging Report?

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Accounts Receivable Accounts Receivable Account Receivables AR Collections 52

Accounting Tools

APRIL 18, 2024

What is a Consignor? A consignor is the owner of goods, which it has sent to a consignee to be sold to a third party. The consignor designation commonly arises when a producer of goods does not have a sales function, and so transfers the goods to another party that has the capability to sell them on behalf of the consignor. What is a Consignee? A consignee is the recipient of goods shipped to it by a consignor.

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Auditing Accounting Accounting 40

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

Jetpack Workflow

APRIL 18, 2024

Podcast Summary In this insightful episode of the “Growing Your Firm” podcast, brought to you by Jetpack Workflow, host David Cristello is joined by special guest Adam Lean , CEO and co-founder of The CFO Project. Adam shares his expertise on how accountants can go beyond traditional number-crunching by engaging with clients through meaningful conversations that resemble therapeutic sessions.

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Bookkeeping Financial Statements Accounting Accounting 106

Accounting Tools

APRIL 18, 2024

What are Work Papers? Work papers are the collection of documents assembled by an auditor while examining the financial records of a client. Work papers provide the evidence upon which an auditor's opinion regarding a client's financial records is based. Work papers are examined as part of a peer review examination, as per the standards promulgated by the relevant standard-setting entity.

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Financial Records Auditing Collections Accounting 40

Accounting Today

APRIL 18, 2024

Biden's pitch for a fair Tax Code and Werfel's quest for a digitally transformed IRS are among the key issues to pay attention to after the dust has settled on tax season.

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Tax 337

Accounting Tools

APRIL 18, 2024

What is a Warehouse Receipt? A warehouse receipt is a document on which are itemized the goods stored in a warehouse. Warehouse receipts are commonly used to document the storage of many kinds of commodities, which are sold on the futures market. The receipt also attests to the quality of the stored goods, which is a requirement of futures contracts.

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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.