Accounting Today

AUGUST 4, 2023

The Chartered Institute of Management Accountants and the Chartered Professional Accountants of Canada signed a memorandum of understanding.

CPA 246

CPA Management Accounting Accounting Accounting 246

CSI Accounting & Payroll

AUGUST 4, 2023

When you own a home healthcare practice, such as senior care or disability care, you're often dealing with small profit margins. If you run into even a moderate problem at the wrong time, that can mean big trouble for your business. You might be surprised to hear that your accounting strategy can make all the difference. Most small businesses have an administrative employee handle bookkeeping as a side task, then outsource annual taxes to an accountant.

Payroll 98

Payroll Accounting Accounting Bookkeeping 98

Accounting Today

AUGUST 4, 2023

The chair and senior partner of PwC shares why it's important for firms to have their employees' backs.

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246

Accounting Tools

AUGUST 4, 2023

Related Courses Accounting for Intangible Assets Fixed Asset Accounting How to Audit Fixed Assets How to Account for Fixed Assets A fixed asset is an item having a useful life that spans multiple reporting periods, and whose cost exceeds a certain minimum limit (called the capitalization limit ). There are several accounting transactions to record for fixed assets, which are noted below.

Accounting 76

Accounting Accounting Accounts Payable Accounts Payable 76

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But 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. 🗻 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. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

Accounting

Accounting Today

AUGUST 4, 2023

The unemployment rate dipped one-tenth of a point to 3.5%, the U.S. Bureau of Labor Statistics reported.

Accounting 246

Accounting Accounting Payroll 246

Accounting Tools

AUGUST 4, 2023

Related Courses Bookkeeping Guidebook CFO Guidebook New Controller Guidebook There are several types of functions fulfilled by the accounting department within a business. These accounting functions are noted below. Financial Accounting The financial accounting group records accounting transactions and converts the resulting information into financial statements.

Accounting 75

Accounting Accounting Financial Statements Auditing 75

Accounting Tools

AUGUST 4, 2023

Related Courses Bookkeeper Education Bundle Bookkeeping Guidebook What is the Asset Conversion Cycle? The asset conversion cycle is the process by which cash is used to create goods and services, deliver them to customers, and then collect the resulting receivables and convert them back into cash. The nature of this cycle determines the extent to which a business has either a net cash inflow or outflow.

Cash Collection 75

Cash Collection Collections Billing Bookkeeping 75

Accounting Today

AUGUST 4, 2023

The service released information on how taxpayers can claim the energy efficient home improvement credit.

Auditing 246

Auditing Tax 246

SMB Accounting and Consulting

AUGUST 4, 2023

Internal audits play a crucial role in the success and sustainability of a company. They are systematic and independent evaluations of a company’s internal controls, financial reporting, and operational processes. Conducting regular internal audits helps identify potential risks, improve operational efficiency, and ensure compliance with laws and regulations.

Auditing 52

Auditing Financial Reporting Collections Accounting 52

Accounting Today

AUGUST 4, 2023

The Internal Revenue Service and the Treasury Department said Friday they will be issuing rules for prescription drug makers and importers about a new tax imposed by a provision in last year's Inflation Reduction Act to allow Medicare to negotiate on the prices of many medications.

Tax 246

Tax 246

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

Earmark Accounting Podcast

AUGUST 4, 2023

Major changes are afoot in the world of QuickBooks. QBO and Payroll prices are going up. Intuit is phasing out QuickBooks Desktop Pro while touting QuickBooks Online and Enterprise as the future, though Hector predicts Desktop will still have a 2024 edition. QBO Advanced still needs improvements, like reverting to a static navigation bar, and Hector is excited about new integrations with QuickBooks Checking.

CPA 52

CPA QuickBooks Small Business Accounting Payroll 52

Accounting Today

AUGUST 4, 2023

One of the most enduring mysteries in cryptocurrency was resolved when Ilya Lichtenstein acknowledged that he executed the 2016 attack on the Bitfinex exchange.

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245

Insightful Accountant

AUGUST 4, 2023

Xero is bringing the product announcements—and the noise—with a road show chock full of updates.

XERO 52

XERO 52

Accounting Today

AUGUST 4, 2023

If you have clients with businesses in multiple states, product or service sales in different states, or employees in other states, they need to know a thing or two about nexus.

Tax 245

Tax 245

Speaker: Mark Gilham, FCCA, CPP

Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.

Accounting

Economize

AUGUST 4, 2023

Navigating the complexities of cloud migration involves a careful examination of costs at various stages, from pre-migration analysis to post-migration maintenance and operations. This article provides an in-depth guide to understanding the financial aspects of migration, including insights into estimating costs with providers like AWS, GCP, and Azure.

Computation 52

Computation 52

Accounting Today

AUGUST 4, 2023

The board is looking for nominations for new members of its Investor Advisory Group and its Standards and Emerging Issues Advisory Group.

Auditing 130

Auditing Accounting Accounting 130

Accounting Tools

AUGUST 4, 2023

Related Courses Form 1099 Compliance Optimal Accounting for Payables Payables Management How to Account for Accounts Payable The accounting for accounts payable involves the recordation and payment of liabilities. This process only applies to purchases made on account. This is the primary functional area through which a business records expenses and pays other parties.

Accounts Payable 40

Accounts Payable Accounts Payable Accounting Accounting 40

Accounting Today

AUGUST 4, 2023

21-year-old student Aidan Hunt advises IRS commissioner and recommends policy and administrative changes as a member of its Advisory Council.

Tax 130

Tax Accounting Accounting 130

Advertiser: Paycor

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Accounting Tools

AUGUST 4, 2023

An organization may incur a number of costs when it issues debt to investors. For example, when bonds are issued, the issuer will incur accounting, legal, and underwriting costs to do so. The debt issuance costs related to a note should be reported in the balance sheet as a direct deduction from the face amount of the note. Also, the ongoing amortization of debt issuance costs should be included in interest expense.

Accounting 40

Accounting Accounting 40

Accounting Today

AUGUST 4, 2023

The disclosures that companies make about their green credentials will be evaluated by new global audit standards that are expected to be finalized by the end of next year.

Auditing 130

Auditing Accounting Accounting 130

Accounting Tools

AUGUST 4, 2023

Related Courses Credit and Collection Guidebook Bookkeeping Guidebook New Controller Guidebook What is the Allowance Method? The allowance method involves setting aside a reserve for bad debts that are expected in the future. The reserve is based on a percentage of the sales generated in a reporting period, possibly adjusted for the risk associated with certain customers.

Accounts Receivable 40

Accounts Receivable Accounts Receivable Account Receivables Collections 40

Accounting Today

AUGUST 4, 2023

Plus, Canopy Insights tool uses AI to answer accountants' questions; and other news and updates from the accounting technology arena.

Accounting 100

Accounting Accounting 100

Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives

Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri

Accounting Tools

AUGUST 4, 2023

Related Courses Oil and Gas Accounting What is a Carrying Party? A carrying party is the party that agrees to pay for the share of a carried party in a project. In this situation, the interest of the carried party is shifted to the carrying party until the carrying party has earned back the payment that it made on behalf of the carried party, plus a penalty payment that is specified in the underlying joint operating agreement.

Accounting 40

Accounting Accounting 40

Accounting Fun

AUGUST 4, 2023

Q: What does it take to be a good tax accountant? A: Two things – grey hair and haemorrhoids. The grey hair makes you look distinguished and the haemorrhoids make you look concerned.

Tax 40

Tax Accounting Accounting 40

Accounting Tools

AUGUST 4, 2023

Related Courses Expense Report Best Practices Payables Management What are Expenses? Expenses are costs incurred in order to generate revenue. There are many types of expenses that cover all aspects of an organization’s operations and financial structure, including the cost of goods sold , compensation expense, utilities expense, rent expense, and interest expense.

General Ledger 40

General Ledger Expense Reports Accounting Accounting 40

NACM

AUGUST 4, 2023

? NACM's Credit Managers' Index fell 2.6 points in July to 52.4, nearly erasing the jump seen in June. NACM Economist Amy Crews Cutts says the decline can be linked to major drops in three factors—sales, dollar collections and dollar amount beyond terms.Hear more on today's episode of Extra Credit!

Collections 5

Collections 5

Speaker: Cheryl J. Muldrew-McMurtry

Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.

Accounting Tools

AUGUST 4, 2023

Related Courses Activity-Based Management Operations Management What is Value Chain Analysis? Value chain analysis is used to review the processing steps that a business follows to deliver goods and services. The intent is to locate those processing steps at which value is added to the final product. In addition, the chain of activities is reviewed to see where costs are being incurred.

Financial Analysis 40

Financial Analysis Accounting Accounting 40

Accounting Tools

AUGUST 4, 2023

Related Courses Accounting for Inventory How to Audit Inventory Inventory Management What is Perpetual LIFO? The basic concept underlying perpetual LIFO is the last in, first out (LIFO) cost layering system. Under LIFO, you assume that the last item entering inventory is the first one to be used. For example, consider stocking the shelves in a food store, where a customer purchases the item in front, which was likely to be the last item added to the shelf by a clerk.

Auditing 40

Auditing Accounting Accounting 40

Accounting Tools

AUGUST 4, 2023

Related Courses Business Ratios Guidebook Financial Analysis The Interpretation of Financial Statements What is Profit Analysis? Profit analysis involves dissecting the reported profit figure of a business to determine the actual extent of its profitability. This analysis is needed by outside analysts, because managers routinely report overly optimistic profit information to the outside world.

Financial Analysis 40

Financial Analysis Financial Statements Accounting Accounting 40

Accounting Tools

AUGUST 4, 2023

Related Courses Oil and Gas Accounting What is a Royalty Interest? A royalty interest is an interest retained in the output of a property when the owner of mineral rights enters into a lease agreement. A royalty interest entitles the mineral rights owner to receive a portion of the minerals produced or a portion of the gross revenue from sold production.

Tax 40

Tax Accounting Accounting 40

Advertiser: Paycor

Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.