Thu.Aug 17, 2023

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Finding and fixing the most common financial reporting mistakes

Accounting Today

Garbage in, garbage out — and sometimes garbage in between: Figuring out where these errors come from is critical for you and your clients.

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Future-Proofing Your Business: Strategic FP&A for Long-term Success

Accounting Department

In today's rapidly evolving business landscape, it is crucial for organizations to future-proof their operations to ensure long-term success. One of the key pillars of achieving this is strategic financial planning and analysis. By effectively managing your financial resources and leveraging data-driven insights, you can position your business to navigate uncertainties and capitalize on emerging opportunities.

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TIGTA says IRS callback system needs work

Accounting Today

The inspector general says the CCB is benefiting taxpayers, but needs clearer goals and performance measurement.

Tax 246
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How Outsourcing Your Restaurant's Bookkeeping Can Save Time and Money

SLC Bookkeeping

As a restaurant owner, your fortè is most likely not related in any way to bookkeeping. Additionally, employing someone is pricey and comes with other costs besides a salary. From health benefits to unemployment taxes, keeping a full-time in-house bookkeeper equals more than you want to spend.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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.

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Accounting are more into AI than most

Accounting Today

The profession is enthusiastic about AI, making four times the investments that other professions like law are.

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7 Best OfficeTools Alternatives for Accounting Firms

Jetpack Workflow

OfficeTools is an accounting practice management solution used by several accounting firms. However, their feature-rich platform often presents firm owners with more issues than advantages. If you’re looking for a more streamlined and efficient practice management or accounting workflow management tool, there are other options on the market. This article highlights 7 fantastic OfficeTools alternatives that accounting professionals can consider when they’re ready to make the switch.

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7 Best OfficeTools Alternatives for Accounting Firms

Jetpack Workflow

OfficeTools is an accounting practice management solution used by several accounting firms. However, their feature-rich platform often presents firm owners with more issues than advantages. If you’re looking for a more streamlined and efficient practice management or accounting workflow management tool, there are other options on the market. This article highlights 7 fantastic OfficeTools alternatives that accounting professionals can consider when they’re ready to make the switch.

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Tax pros hike fees by more than 20%: NATP

Accounting Today

The association's biannual fee study also points to an industry shortage of professionals.

Tax 246
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How to Scale from 5-50 Staff, Structure Rev Shares and Lucrative Niches w/ Nicole Durio

Jetpack Workflow

Podcast Summary Organic Business with Lucrative Niches Structuring Revenue Shares and Joint Ventures Scaling from 5-50 FTEs What You’ll Find in the Conversation Madison Brothers Consulting Group Franchised concept Doubling Your Accounting Firm About Nicole Durio Nicole is the managing principal at Madison Brothers Consulting Group. The group commits to exceptional client service provided by trusted advisors.

Tax 52
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Tax Fraud Blotter: Enough to give you a headache

Accounting Today

A different kind of term; hard labor; Niagara fall; and other highlights of recent tax cases.

Tax 246
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Predictions You Can Rely On: How Data Drives Successful Financial Forecasting

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.

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A Guide to Invoice Approval Workflow Automation

Nanonets

Automating Invoice Approval Workflows Invoice approval is a crucial step in managing the financial operations of any business. It involves verifying the accuracy and legitimacy of incoming invoices before they are paid, and then disbursing payments to vendors in time.  Traditionally, this process has been manual and time-consuming, often leading to errors and delays.

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BeachFleischman acquires outsourcing firm

Accounting Today

Mexico-based Kuadra Support provides talent solutions for accounting firms and other U.S.-based businesses with remote teams, outsourcing, employee leasing and staffing.

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Guide to AP Automation: How to get started with Accounts Payable Automation

Nanonets

Every business must deal with purchase orders, bills, invoices, and payments to an array of vendors, who provide everything from basic supplies to high-value equipment and services needed for all the operations of the company. The Accounts Payable (AP) department is responsible for the procure-to-pay process of any well-organized company and deals with the entire purchasing workflow, starting from Purchase Order (PO) processing to final payment to vendors.

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U.K. arm of EY preparing to cut jobs

Accounting Today

The London-based branch of the Big Four firm is seeing a slowdown in demand for consulting services.

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Your New & Improved Month-End Close Process Is Not So Far Out of Reach!

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!

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AICPA, NASBA Team to Help Ease Path to CPA Licensure

Insightful Accountant

The organizations are joining forces with the Tulane School of Professional Advancement for a program to support the completion of the 150-hour academic credit requirement.

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Withum and Seton Hall launch CPA apprenticeship

Accounting Today

The work-for-credit program will help young accountants get their 150 hours.

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Tax and Accounting Firms to Benefit from Secure Cloud Hosting

Insightful Accountant

The announcement of partnership marks the availability of Right Networks’ intelligent cloud solution combined with Thomson Reuters’ world-class tax and accounting software.

Tax 52
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5 steps to drive organizational change

Accounting Today

Transforming your firm starts with understanding your vision and your people.

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The Definitive Guide to Spend Management

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.

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ProConnect Tax Adds IRS Transcript Download

Insightful Accountant

Now, you can conveniently access and download IRS Tax Transcripts from within Intuit ProConnect Tax. Murph explains.

Tax 52
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Survey Reveals Top Community Association Manager Challenges

AvidXchange

The AvidXchange Podcast Network just posted a new episode of its “Middle Market Report” program. In this episode, our Jarett Tran, senior account executive, Community Association Management, interviewed Maegan Woytek, a senior account executive at Vantaca. The two discussed the findings of AvidXchange’s recent survey conducted with the Community Associations Institute (CAI) on the challenges and priorities of today’s community association management companies.

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Top 100 2024 Clues from 2023 List-makers

Insightful Accountant

Did you miss our QB Talk 'Awards Winner Roundtable'? Don't worry, we've got you covered!

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Top 10 Best Tax Preparation Software for CPAs and Accounting Firms in the USA

CapActix

Tax preparation seems like a simple job, but it requires expertise, experience, and the right tools. The best tax software for CPAs and accounting firms helps in making this job easier with automation and other powerful features. Using this software is easy, but still, it also needs some skills to make the right use of these tools. As people don’t have time to manage their taxes, prepare and file taxes or learn these tools, they often opt for outsourced tax preparation services.

Tax 52
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Navigating Financial Storms: Strategies for Building Resilient Balance Sheets

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.