Accounting Today

JULY 1, 2024

The IRS and Treasury Department released final regulations on how companies and tax pros should report and pay the 1% excise tax on corporate stock repurchases.

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Tax Corporation Tax 260

Accounting Tools

JULY 1, 2024

The write down of inventory involves charging a portion of the inventory asset to expense in the current period. Inventory is written down when goods are lost or stolen, or their value has declined. This should be done at once, so that the financial statements immediately reflect the reduced value of the inventory. Otherwise, the inventory asset will be too high, and so is misleading to the readers of a company's financial statements.

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Financial Statements Auditing Accounting Accounting 63

Accounting Today

JULY 1, 2024

Here's how to go beyond routine process automation and apply strategies that bolster efficiency, autonomy and value for the controllership function.

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Insightful Accountant

JULY 1, 2024

IRS audit strategies have shifted towards auditing a broader range of high earners, impacting tax practitioners and their clients. Treasury Inspector General for Tax Administration report highlights this change.

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Auditing Tax 59

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

Tax

Accounting Today

JULY 1, 2024

You will not be promoted unless the current partners have full confidence in your ability to maintain and grow what they are passing on to you.

Accounting 243

Accounting Accounting 243

Insightful Accountant

JULY 1, 2024

AI is reshaping accounting by automating tasks and improving decision-making. Accountants must differentiate between genuine AI and marketing hype to invest wisely in tools that deliver real benefits.

Accounting 59

Accounting Accounting 59

Less Accounting

JULY 1, 2024

Effective expense management is essential for the financial health and sustainability of any business, regardless of its size. As a small business owner, understanding and managing your expenses efficiently is paramount to achieving profitability and long-term success. In this comprehensive guide, we’ll explore the fundamentals of business expenses and provide practical tips for effective expense management from a bookkeeper’s perspective.

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Bookkeeping Record Keeping Budgeting Bookkeeping Services 59

Accounting Today

JULY 1, 2024

Test your accounting knowledge on state by windfall tax legislation, AI usage rates, and more. No. 2 pencil not required!

Accounting 204

Accounting Accounting Tax 204

Cloud Accounting Podcast

JULY 1, 2024

Kwame Agyei, founder and CEO of Appoynt, joins Blake and David to discuss the benefits of outsourcing specific business functions like accounts receivable management. Kwame shares his unique journey from accountant to entrepreneur and offers practical advice on effectively leveraging virtual assistants while addressing common concerns around security and building trust.

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Accounting Accounting Accounts Receivable Accounts Receivable 53

Accounting Today

JULY 1, 2024

The police are looking into possible accounting and marketing fraud, market manipulation and use of privileged information.

Accounting 150

Accounting Accounting 150

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Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

Accounting

CSI Accounting & Payroll

JULY 1, 2024

When you have large assets in your name – like a business – using a generation-skipping transfer can present some benefits for both you and your relative.

Tax 52

Tax 52

Insightful Accountant

JULY 1, 2024

In a two-part series this week, Murph will review the 2025 ProAdvisor Awards Formal Applications for U.S. and International Applicants. Today, we will examine the U.S. Formal Application.

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Remote Quality Bookkeeping

JULY 1, 2024

Understanding financial jargon is critical for running a successful business. Terms like “amortization” and “depreciation” frequently arise in discussions about assets and their worth over time. As perplexing as they may appear, understanding these variances can reveal valuable insights into your company’s financial health. What is Amortization?

Financial Statements 52

Financial Statements Bookkeeping Financial Reporting Tax 52

Nanonets

JULY 1, 2024

Integration between NanoNets and JAMIX Kitchen Intelligence System allows you to streamline your order-delivery process when the supplier provides delivery documents as printouts. The NanoNets AI solution scans printed delivery documents, converts the information into digital format and transfers the data to the JAMIX System.  JAMIX Kitchen Intelligence System is a comprehensive kitchen management software including inventory management.

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Collections Auditing 52

Advertiser: Paycor

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.

Invoicera

JULY 1, 2024

Introduction Managing money well is crucial for a business, and this is where invoices are most helpful. An invoice is more than a charge; it’s formal documentation of a commercial deal in which both the payer and the payee agree. Every individual and organization must be aware of invoices and all associated concerns. Did You Know? 42% of automated invoices are paid on time, compared to manual invoices.

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Invoicing Record Keeping Financial Records Billing 52

Accounting Tools

JULY 1, 2024

What are Exploitation Costs? Exploitation costs are those costs incurred in relation to the distribution of a film, including advertising, marketing, promotions, and publicity. Accounting for Exploitation Costs Exploitation costs are charged to expense as incurred, rather than being capitalized into film costs and amortized over time. Any advertising reimbursements received from third parties should be offset against exploitation costs, thereby reducing the amount of expense that is recognized.

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Tax Accounting Accounting 40

Accounting Today

JULY 1, 2024

By saying that regulatory agencies don't have leeway to interpret the meaning of ambiguous laws, the court made it tougher for the administration to defend regulations it issued in recent months to tackle climate change, forgive student debt, crack down on so-called "junk fees" and write tax regulations.

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Tax 208

Accounting Tools

JULY 1, 2024

What is the Certainty Equivalent? The certainty equivalent is that amount of guaranteed cash that a person would accept instead of taking the risk of receiving a larger amount at a later date. The difference between the certainty equivalent and the amount an organization must pay investors for the use of their money is this risk differential. The certainty equivalent varies by investor, since each person has a different tolerance for risk.

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Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. If you’re aiming for the summit, the air gets thinner—and what got you here won’t be enough to get you to the top (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level.

Accounting

Accounting Tools

JULY 1, 2024

What is Cellular Manufacturing? Cellular manufacturing occurs when production equipment is grouped together and used for the sequential production of a set of parts that have similar characteristics. This concept is used in a lean manufacturing operation, as part of the effort to strip waste from the production process. The following are characteristics of cellular manufacturing: Machines within a cell are grouped close together, so that unfinished parts can be walked from one machine to the nex

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Accounting Tools

JULY 1, 2024

What is Accretion of Discount? Accretion of discount is the ongoing increase in the value of a discounted security as its maturity date approaches. As an example, an investor buys a bond at a discount , where the purchase price is $950 and its face value is $1,000. Because the issuer will pay the full $1,000 face value on the maturity date of the bond, its value will gradually increase between the purchase date and the maturity date.

Accounting 40

Accounting Accounting 40