Mon.Jul 10, 2023

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IRS whistleblower awards tick up

Accounting Today

They still haven't recovered their levels of three years ago, though

Tax 256
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How to calculate straight-line rent

Accounting Tools

Related Courses Bookkeeper Education Bundle Bookkeeping Guidebook Property Management Accounting Straight-line rent is the concept that the total liability under a rental arrangement should be charged to expense on an even periodic basis over the term of the contract. The concept is similar to straight-line depreciation , where the cost of an asset is charged to expense on an even basis over the useful life of the asset.

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GASB offers implementation guide for pronouncements

Accounting Today

The Governmental Accounting Standards Board released implementation guidance to clarify, explain and elaborate on its GASB statements, using a series of questions and answers.

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Dividends definition

Accounting Tools

Related Courses CFO Guidebook Corporate Finance Treasurer's Guidebook What are Dividends? Dividends are a portion of a company's earnings which it returns to investors , usually as a cash payment. The company has a choice of returning some portion of its earnings to investors as dividends, or of retaining the cash to fund internal development projects or acquisitions.

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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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Priming the pipeline in Pennsylvania

Accounting Today

Jen Cryder, CEO of PICPA, shares the innovative ways the profession in her state is dealing with the pipeline problem.

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Mentoring in Today’s Professional Landscape

Insightful Accountant

QuickBooks Professional Advisor Rich Kane explains why it is important to take the next generation of accounting professionals under your wing.

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News from QuickBooks UK

Insightful Accountant

Intuit will continue to pay cost of migrating the current and previous fiscal year of QuickBooks (UK) Desktop data to QBO (UK) using 'Movemybooks' until July 31, 2023.

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The IIA plans a global future

Accounting Today

The institute kicked off its annual international conference, highlighting its international growth and the ways in which internal auditors are helping companies.

Auditing 107
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Role of Invoicing in Effective Expense Management

Invoicera

Effective expense management plays a vital role in making any business reach the heights of success. Tracking each and every expense is, however, a long-drawn-out task. To streamline this process, businesses are embracing automated invoicing, which facilitates efficient expense management while saving valuable time you would have otherwise spent on manual invoicing.

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Art of Accounting: Welcome to the new partners

Accounting Today

Becoming a partner is the next step in the evolution of your career.

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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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Supplier Onboarding

Tipalti

A self-serve supplier/vendor portal is a viable solution that provides value for all stakeholders. It offers your vendors and your in-house accounting team a simple, easy-to-use web-based interface that they can access at any time, from anywhere.

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FCPA Compliance Software | Oversight Data Analytics

Oversight

Should Audit and Finance professionals have concern for the present AI revolution, and the associated nervous feelings about being ‘replaced’, sooner than later, by machines? Just the opposite: it will be your most powerful asset.

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Free QuickBooks ProAdvisor Certification: how I used it to grow my bookkeeping business

5 Minute Bookkeeping

It’s not news that QuickBooks is widely used among small business owners. When I started my business, I realized my limited knowledge of QuickBooks put me at a disadvantage. To grow, I needed to understand what was important to my clients. That was QuickBooks. Today, I’ll discuss the valuable resources provided by Intuit that are beneficial whether you’re new to bookkeeping or experienced.

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Role of Invoicing in Effective Expense Management

Invoicera

Effective expense management plays a vital role in making any business reach the heights of success. Tracking each and every expense is, however, a long-drawn-out task. To streamline this process, businesses are embracing automated invoicing, which facilitates efficient expense management while saving valuable time you would have otherwise spent on manual invoicing.

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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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FX Accounting

Tipalti

Understand the framework of FX accounting and how it differs from domestic accounting. Learn best practices for optimizing your FX accounting processes.

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how much does Datadog cost?

finout

Discover the pricing structure of Datadog and understand how much it costs. Explore the key factors influencing the pricing.

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Forward looking statement definition

Accounting Tools

Related Courses Investor Relations Guidebook Public Company Accounting and Finance What is a Forward Looking Statement? A forward looking statement describes future events or results. When made by a company, these statements can trigger shareholder lawsuits, so safe harbor provisions are now used to mitigate a company's risk. For many years, it was very risky for a publicly-held company to make any type of statement about the financial results that it expected to see in the future.

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Invoiced Expands B2B Offerings to Include Accounts Payable

Insightful Accountant

New Invoiced A/P solution automates all aspects of payments, reporting and approvals, making it easier than ever for businesses to make payments on time.

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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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Cash management definition

Accounting Tools

Related Courses Corporate Cash Management Corporate Finance Working Capital Management What is Cash Management? Cash management involves the oversight of every cash inflow and outflow that a business experiences, with the goals of always having enough liquidity to operate the business, and finding the best possible use for any remaining liquidity. The key aspects of cash management are noted below.

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How To Combine Multi-Cloud Spend Into One Single View

CloudZero

Picture the last time you were sitting at your desk trying to make sense out of the multiple cloud provider bills you just received. The amounts all change from month to month, and you can’t really compare them against each other because they all use different formats.

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Churn rate definition

Accounting Tools

Related Courses Business Ratios Guidebook Business Strategy Effective Customer Service What is Churn Rate? Churn rate is the rate at which customers leave a business. This is a critical issue, since it is more expensive to find new customers than it is to hold onto old ones. Also, the only way to increase sales is to add new customers faster than the rate at which you are losing existing ones.

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Equity ratio definition

Accounting Tools

Related Courses Business Ratios Guidebook The Interpretation of Financial Statements What is the Equity Ratio? The equity ratio measures the amount of leverage that a business employs. It does so by comparing the total investment in assets to the total amount of equity. If the outcome of the calculation is high, this implies that management has minimized the use of debt to fund its asset requirements, which represents a conservative way to run the entity.

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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.

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Forecast definition

Accounting Tools

Related Courses Financial Forecasting and Modeling What is a Forecast? A forecast is a projection of an entity's future results. It is used as the basis for planning fixed asset purchases, adding to or reducing staffing levels, and obtaining funding. A forecast is based on certain assumptions about future conditions which may not turn out to be accurate; to mitigate the risk of inaccuracy, forecasts may be revised at regular intervals.

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Soft asset definition

Accounting Tools

Related Courses Accounting for Intangible Assets What is a Soft Asset? A soft asset is an intangible asset , such as brand recognition and intellectual capital. Soft assets are also considered to include the human resources of a business, which are its employees and their skills and experience. Soft assets are not normally recognized in an organization's balance sheet , unless they were obtained in an acquisition.

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Money services business definition

Accounting Tools

Related Courses Money Laundering What is a Money Services Business? A money services business (MSB) is any organization that transmits or converts money. These services can involve currency exchange, check cashing, issuing traveler’s checks, and/or transmitting money. The best-known MSB is Western Union, but there are thousands of smaller operators, frequently specializing in wire transfers to specific countries.

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Smurfing definition

Accounting Tools

Related Courses Money Laundering What is Smurfing in Money Laundering? Smurfing is the practice of executing financial transactions in order to avoid formal bank reporting requirements. The usual practice is to break down a large amount of cash into smaller amounts that fall beneath the $10,000 reporting threshold of the Bank Secrecy Act, and deposit these smaller amounts in a variety of financial institutions.

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Putting the ‘Tech’ in Spend Management Techniques

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!

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Regulation Fair Disclosure definition

Accounting Tools

Related Courses Investor Relations Guidebook Public Company Accounting and Finance What is Regulation Fair Disclosure? Regulation Fair Disclosure (FD) requires that a company immediately release to the general public any material non-public information that it has disclosed to certain individuals outside of the company. It was designed to ensure that the general public obtains information that has also been shared with select individuals.

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Earnings guidance definition

Accounting Tools

Related Courses Investor Relations Guidebook Public Company Accounting and Finance What is Earnings Guidance? Earnings guidance is information that a company makes to the investment community regarding expectations for its future earnings. This guidance is issued because of pressure from the investment community for more information about a business, and especially the results it expects to achieve in the near future.

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Earnings conference call definition

Accounting Tools

Related Courses Investor Relations Guidebook Public Company Accounting and Finance What is an Earnings Conference Call? An earnings conference call is used by public companies to discuss their financial and operational information with the investment community. In these calls, a presentation team discusses recent financial results, issues guidance regarding expected future performance, and responds to questions.

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Float management definition

Accounting Tools

Related Courses Investor Relations Guidebook Public Company Accounting and Finance What is Float Management? Float management involves keeping a large number of shares available for trading. A large float creates a significant level of liquidity , which means that investors can easily buy and sell shares without any undue delays to find counterparties.

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Book of Secrets for the Month-End Close

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.