Mon.Aug 07, 2023

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Introducing our 2023 Xerocon Sydney event partners

Xero

Xerocon Sydney is just weeks away on 23 and 24 August, and the ICC exhibitor floor will be full to the brim with some of the best and most loved apps, tools and services for accountants, bookkeepers and small businesses. This year, you can expect to see 80+ exhibitors at the event, including more than 70 leading Xero App Store app partners. Whether you’re looking for tools to chase invoice payments, simplify tax compliance, or make job management easier, you’ll find plenty of solutions to help s

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AICPA, NASBA team with Tulane to ease CPA licensing

Accounting Today

The American Institute of CPAs and the National Association of State Boards of Accountancy are pilot testing a program to make it easier for accounting students to earn 150 credit hours.

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Pursuing my professional and personal ambitions at Intuit

Intuit

I took the road less traveled Graduating high school at seventeen. Joining the Army Reserves. Earning six college degrees. Studying Greek, Hebrew, and Latin in seminary. I’ve been blessed with a bundle of energy and many interests. Even with all of those experiences, I’ve found my position at Intuit as a Multi-Domain Expert (MDE)—supporting TurboTax and QuickBooks—incredibly satisfying.

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Is ChatGPT lying to you?

Accounting Today

Given artificial intelligence's ability to "hallucinate," accounting firms need to place rules around how staff use these tools.

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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

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.

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Semi-retired and (still) thriving as a tax expert at Intuit

Intuit

Libby Wages, a tax expert with an enrolled agent credential from Atlanta, Georgia, joined Intuit while in semi-retirement. She’s thrilled that Intuit has empowered her to use technology with confidence while she helps consumers and small businesses run their financial lives. Intuit makes it easy to learn the latest technology Like you, I’m confident in my tax and accounting abilities.

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PayPal launches a stablecoin in latest crypto push

Accounting Today

Paxos will publish a third-party attestation by an accounting firm on PYUSD's reserve assets.

More Trending

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IRS mulls special pay incentives to boost staff

Accounting Today

The service may revive the extra payments it provided to employees in 2020 to coax them back to the office, according to a new report.

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Top 100 2024 Certification Clues: QBO-Advanced

Insightful Accountant

In Part 7 of Murph's Clues about the Top 2024 Process, he examines the 2023 stats related to QuickBooks Online Advanced Certification.

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Art of Accounting: Providing advice to a non-client

Accounting Today

Acquaintances who want quick, off-the-cuff advice from an accountant about important financial decisions are doing themselves a disservice.

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The Complete Guide to AI Image Processing

Nanonets

In a world increasingly dominated by digital imagery, the convergence of artificial intelligence and computer vision has ushered in a new era of innovation. Join us as we dive headfirst into the captivating realm of AI image processing. Buckle up, for the pixels are about to come to life, and the machines are poised to reveal the unseen. What is AI Image Processing?

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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

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.

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Ivix receives $12.5M to help combat tax evasion with AI

Accounting Today

An Israeli startup that's advised by former IRS officials is using artificial intelligence to fight financial crimes.

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Late Payments and Small Business Borrowing

Insightful Accountant

Xero Economist Louise Southall dives into what the latest Xero Small Business Insights report means to you.

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TIGTA faults IRS cybersecurity program on 3 out of 5 metrics

Accounting Today

The IRS cybersecurity program has some key weaknesses, according to a recent inspector general report.

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Cash and cash equivalents definition

Accounting Tools

Related Courses Optimal Accounting for Cash How to Audit Cash The Balance Sheet What are Cash and Cash Equivalents? Cash and cash equivalents is a line item on the balance sheet , stating the amount of all cash or other assets that are readily convertible into cash. Any items falling within this definition are classified within the current assets category in the balance sheet.

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

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.

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Transforming international tax rules

Accounting Today

Marna Ricker, global vice chair of tax at EY, discusses the latest developments on the global minimum tax and digital service taxes, and how they will affect the U.S.

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Subsequent events definition

Accounting Tools

Related Courses Accountants' Guidebook GAAP Guidebook What is a Subsequent Event? A subsequent event is an event that occurs after a reporting period, but before the financial statements for that period have been issued or are available to be issued. Depending on the situation, such events may or may not require disclosure in an organization's financial statements.

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Common Ways To Allocate Cloud Spend (+ The Pros And Cons)

CloudZero

All the major cloud providers allow users to attach business context to their infrastructure in some way. It’s this context that allows users to divide up their cloud bill into more easily digestible bites and keep track of cost trends for different resource types.

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Cost of equity formula

Accounting Tools

Related Courses Capital Budgeting Financial Analysis What is the Formula for the Cost of Equity? The cost of equity is the return that an investor expects to receive from an investment in a business. This cost represents the amount the market expects as compensation in exchange for owning the stock of the business, with all the associated ownership risks.

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Doing More With Less: The Modern Finance Miracle

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.

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Tracking Employee Time and Expenses Made Right

Insightful Accountant

Hour Timesheet and Clockwise co-founder Debbie Sabin discusses the Top 3 things civil engineer firms look for when selecting a timesheet software vendor.

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Boost Efficiency with AI: Learn How to Use AI as a Virtual Assistant

Blake Oliver

Join me on Tuesday, August 15, at 3:30 p.m. Eastern. I'll talk with Jason Staats about how accountants and bookkeepers can use AI as a virtual assistant to work smarter and boost efficiency. You’ll learn about: Real-world examples of using AI for data entry, data categorization, and identifying financial discrepancies Security considerations when leveraging AI to handle sensitive data How AI can assist with budgeting, forecasting, tax prep, and ensuring compliance Expense tracking and identifyin

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Ben Richmond on the Journey to Becoming a True Advisor

Insightful Accountant

Insightful Accountant's Gary DeHart and Xero US' Ben Richmond discuss what it takes to become a true advisor for your clients, and much more. Check out this edition of Accounting Insiders.

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1099 vendor definition

Accounting Tools

Related Courses Form 1099 Compliance Optimal Accounting for Payables Payables Management What is a 1099 Vendor? A 1099 vendor is a designation listed in each of the records in the vendor master file that is part of an accounting software package. If you designate a supplier as a 1099 vendor, the system will print a Form 1099 for the supplier as part of the 1099 batch processing that follows the end of the calendar year.

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8 Pillars of Leadership Development

Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.

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U.S. considers phased hydrogen tax-credit plan

Accounting Today

The administration could phase in some requirements in a bid to nurture a nascent industry critical to decarbonizing industrial operations.

Tax 245
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Safe harbor rule definition

Accounting Tools

Related Courses Investor Relations Guidebook What is the Safe Harbor Rule? The safe harbor rule is a legal provision that allows a person or business to minimize its liabilities in certain defined situations, as long as the entity adheres to specific guidelines. The concept applies to numerous situations, including taxation issues, the issuance of forecasts by a public company , and the use of retirement accounts by employers.

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Financial distress definition

Accounting Tools

Related Courses Bankruptcy Tax Guide Effective Corporate Turnarounds Essentials of Corporate Bankruptcy What is Financial Distress? Financial distress occurs when an organization is unable to pay its creditors and lenders. This condition is more likely when a business is highly leveraged , its per-unit profit level is low, its breakeven point is high, or its sales are sensitive to economic declines.

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Scorched-earth defense definition

Accounting Tools

Related Courses Divestitures and Spin-Offs Mergers and Acquisitions What is the Scorched-Earth Defense? The scorched-earth defense is employed by a takeover target to reduce its attractiveness to a hostile bidder. One approach is to sell off its most valuable assets in order to reduce its value. The firm may also take on a substantial amount of debt, or add a clause to its debt repayment schedules, mandating that the debt be paid in full immediately after a hostile takeover.

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How to Modernize Manufacturing Without Losing Control

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

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Internal users of accounting information

Accounting Tools

Related Courses Bookkeeping Guidebook CFO Guidebook New Controller Guidebook There are several groups of people within a business that use its accounting information, each having different needs and objectives. These groups of users are noted below. Management The core internal users are the managers. They need detailed performance information about each segment of the business, so that they can make ongoing corrections and enhancements to the organization.

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Registration statement definition

Accounting Tools

Related Courses Public Company Accounting and Finance What is a Registration Statement? A registration statement is a disclosure statement that a business files with the Securities and Exchange Commission (SEC) when it wants to sell equity securities to the public. This extensive document summarizes the financial position of the business, its business model, how it expects to use the proceeds from the sale, related party transactions , and other topics of interest to investors.

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Social impact statement definition

Accounting Tools

Related Courses Environmental Accounting Investor Relations Guidebook Public Company Accounting and Finance What is a Social Impact Statement? A social impact statement is a written explanation by an organization of how its activities impact the communities within which it operates. The statement is focused on the social and environmental impact of the firm.

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How to calculate beta

Accounting Tools

Related Courses Corporate Finance Financial Analysis Investing Guidebook What is Beta? The beta of a stock is a measure of its price volatility in comparison to the volatility of the market. If beta equals 1, then its variability is exactly the same as that of the market as a whole. If the beta is higher than 1, then the price of a stock is more volatile than the market level.

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Protect What Matters: Rethinking Finance Ops In A Digital World

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.