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

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 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

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.

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Accounting Accounting Accounts Payable Accounts Payable 76

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

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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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.

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Cash Collection Collections Billing Bookkeeping 75

Accounting Today

AUGUST 4, 2023

CBIZ Somerset promotes six to senior manager; Walter Shuffain hires CAS managing director; and more news from across the profession.

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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.

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Auditing Financial Reporting Collections Accounting 52

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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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.

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

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

Auditing 246

Auditing Tax 246

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.

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Computation 52

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

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Accounting

Insightful Accountant

AUGUST 4, 2023

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

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XERO 52

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 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

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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

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 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 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 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: 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.

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 Accounting Accounting Expense Reports 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 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

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!

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Collections 5

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

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

Accounting Tools

AUGUST 4, 2023

Related Courses Corporate Cash Management Investing Guidebook Treasurer's Guidebook What is the Buy Side? The buy side refers to those financial institutions that have money to invest. Examples of buy side firms are pension funds and hedge funds. A buy side entity typically has a large amount of cash that it seeks to invest on behalf of its clients, with the goals of maximizing return and minimizing the risk of loss for their clients' funds.

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