Intuit
MAY 15, 2023
We recently launched Intuit Ventures to invest in high-growth startups that are mission-aligned with our business and usher in exciting waves of innovation. Our investments represent opportunities to power prosperity and improve the financial lives of individuals and small businesses. And yet, the venture capital industry doesn’t offer equal opportunities to all.
Insightful Accountant
MAY 15, 2023
New for May, Intuit is pushing out the R4_101 update to QuickBooks 2023 Desktop Products, including Enterprise 23.0. It's primarily focused on Employee and Payroll related functionality.
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Nolan Accounting Center
MAY 15, 2023
As a small business owner, it’s important to keep a close eye on your financials, including making sure that you are getting your bills paid in full and on time, investing in the future, and making a decent profit. Therefore, you must make sure that you have efficient financial processes in place. This can be challenging for many, which is why it’s important to find an accounting firm you can trust.
Insightful Accountant
MAY 15, 2023
The funding, from JPMorgan Chase Bank and Hercules Capital, will continue its growth and product innovation. In addition, the company names three new executive team additions.
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 Tools
MAY 15, 2023
Related Courses Bookkeeping Guidebook How to Audit Receivables New Controller Guidebook What is the Allowance for Doubtful Accounts? The allowance for doubtful accounts is paired with and offsets accounts receivable. It represents management’s best estimate of the amount of accounts receivable that will not be paid by customers. When the allowance is subtracted from accounts receivable, the remainder is the total amount of receivables that a business actually expects to collect.
Insightful Accountant
MAY 15, 2023
The second in B2B CFO Don King's multi-arc series on what it takes to succeed touches on why it is critical to understand both the internal and external sources of the money running through your company.
Financial Ops World brings together the best financial operations content from the widest variety of thought leaders.
Nanonets
MAY 15, 2023
Software-as-a-service, or SaaS, is a cloud-based delivery model that allows users to access software applications through subscriptions rather than purchasing and installing them. The service providers host the software on their servers and make it available to subscribed customers through web browsers, mobile apps, and APIs. Compared to traditional software delivery models, SaaS offers many benefits to users, including lower upfront costs, scalability, flexibility, and accessibility.
Accounting Tools
MAY 15, 2023
Related Courses Activity-Based Costing Cost Accounting Fundamentals Cost Management Guidebook What is Cost Structure? Cost structure refers to the types and relative proportions of fixed costs and variable costs that a business incurs. The concept can be defined in smaller units, such as by product, service, product line , customer , division, or geographic region.
Economize
MAY 15, 2023
In an era where data is indisputably the lifeblood of business, the choice of the right database service is not just a technical decision, but a strategic one. The right database can be a powerful accelerator, propelling organizations towards their goals with efficiency and speed.
Accounting Tools
MAY 15, 2023
Related Courses Accountants' Guidebook Bookkeeping Guidebook GAAP Guidebook What is Par Value for Stock? Par value is the stock price stated in a corporation’s charter. The intent behind the par value concept was that prospective investors could be assured that an issuing company would not issue shares at a price below the par value. However, par value is now usually set at a minimal amount, such as $0.01 per share, since some state laws still require that a company cannot sell shares below the
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.
Insightful Accountant
MAY 15, 2023
Fyle's Rahul Radhakrishnan on how the profession has evolved beyond mere payroll and bookkeeping—and why you need to master the tools to become a more strategic player.
Accounting Tools
MAY 15, 2023
Related Courses Corporate Cash Management Retail Management Treasurer's Guidebook What is Floor Planning? Floor planning is a method of financing inventory purchases, where a lender pays for assets that have been ordered by a distributor or retailer, and is paid back from the proceeds from the sale of these items. The arrangement is most commonly used when large assets, such as automobiles or household appliances, are involved.
CloudZero
MAY 15, 2023
It’s a fact of life within the SaaS world that some features will perform better or worse than others in terms of costs versus revenue. If it were possible to develop every single new release in a way that it would flawlessly maintain desired profit margins, everyone would be doing it.
Accounting Tools
MAY 15, 2023
Related Courses Accounting for Intangible Assets Fixed Asset Accounting How to Audit Fixed Assets What is Intangibles Amortization? The amortization of intangibles involves the consistent reduction in the recorded value of an intangible asset over its projected life. Amortization refers to the write-off of an asset over its expected period of use ( useful life ).
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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!
Accounting Tools
MAY 15, 2023
Related Courses Corporate Cash Management Corporate Finance Treasurer's Guidebook What is Accounts Receivable Pledging? Accounts receivable pledging occurs when a business uses its accounts receivable asset as collateral on a loan , usually a line of credit. When accounts receivable are used in this manner, the lender typically limits the amount of the loan to either: 70% to 80% of the total amount of accounts receivable outstanding; or A percentage of the accounts receivable that declines based
Accounting Tools
MAY 15, 2023
Related Courses Law Firm Accounting Partnership Accounting Partnership Tax Guide How to Account for a Partnership The accounting for a partnership is essentially the same as is used for a sole proprietorship , except that there are more owners. In essence, a separate account tracks each partner's investment, distributions, and share of gains and losses.
Accounting Tools
MAY 15, 2023
What is Amount Realized? The amount realized is the gain or loss resulting from the sale or exchange of an asset. The amount realized is net of any sales costs incurred. The payment associated with a sale transaction can take many forms, such as cash, replacement with another asset, or the reduction of an existing obligation. The amount realized is used to calculate the taxable gain or loss resulting from a sale or exchange transaction.
Accounting Tools
MAY 15, 2023
Related Courses Franchise Accounting What is the Initial Franchise Fee? The initial franchise fee is a fee paid to a franchisor in exchange for establishing a franchise relationship, along with the provision of some initial services. This fee is paid in a lump sum to the franchisor when a franchise agreement is signed. Accounting for an Initial Franchise Fee When a franchisee pays a franchise fee to a franchisor, this payment can be considered an intangible asset.
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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.
Accounting Tools
MAY 15, 2023
Related Courses The Income Statement The Interpretation of Financial Statements What is a Common Size Income Statement? A common size income statement is an income statement in which each line item is reported as a percentage of net sales. The actual numbers may be reported adjacent to the percentages. This arrangement is used to examine changes in the percentages from period to period for financial analysis purposes.
Accounting Tools
MAY 15, 2023
Related Courses The Interpretation of Financial Statements Stockholders' equity is the residual amount of funds in a business that theoretically belong to its owners. The amount of stockholders' equity can be calculated in a number of ways, including the following: Look for the stockholders' equity subtotal in the bottom half of a company's balance sheet ; this document already aggregates the required information.
Accounting Tools
MAY 15, 2023
Related Courses Fixed Asset Accounting How to Audit Fixed Assets What is Straight Line Depreciation? Straight line depreciation is the default method used to recognize the carrying amount of a fixed asset evenly over its useful life. It is employed when there is no particular pattern to the manner in which an asset is to be utilized over time. Use of the straight-line method is highly recommended, since it is the easiest depreciation method to calculate, and so results in few calculation errors.
Accounting Tools
MAY 15, 2023
Related Courses Effective Sales Forecasting Financial Forecasting and Modeling What is Durability Bias? Durability bias is the tendency to project the recent past into the future. The assumption is that recent trends are likely to continue, which is not necessarily the case. Recent occurrences may have been triggered by one-time events that are unlikely to recur, such as a major order from a buyer for a fashion item.
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
MAY 15, 2023
What are Authorized Shares? Authorized shares are the total number of shares that a corporation is legally allowed to issue, as stated in its articles of incorporation. The number of outstanding shares cannot exceed the number of authorized shares. When a company needs to sell additional shares, it can have the current shareholders approve an increase in the number of authorized shares.
Accounting Tools
MAY 15, 2023
Related Courses Payables Management What is the Cost of Credit Formula? The cost of credit formula is a calculation used to derive the cost of an early payment discount. The formula is useful for determining whether to offer or take advantage of a discount. The formula can be derived from two perspectives: The accounts payable department of the buyer uses it to see if taking an early payment discount is cost effective ; this will be the case if the cost of credit implied by the discount is highe
Accounting Tools
MAY 15, 2023
Related Courses Business Ratios Guidebook The Interpretation of Financial Statements What is Operating Leverage? Operating leverage measures a company’s fixed costs as a percentage of its total costs. It is used to evaluate the breakeven point of a business, as well as the likely profit levels on individual sales. The following two scenarios describe an organization having high operating leverage and low operating leverage.
Accounting Tools
MAY 15, 2023
Related Courses Business Ratios Guidebook The Interpretation of Financial Statements What is the Price Earnings Ratio? The price earnings ratio compares the market price of a company's stock to its earnings per share. This ratio reveals the multiple of earnings that the investment community is willing to pay to own a company's stock. A very high multiple indicates that investors believe the company's earnings will improve dramatically, while a low multiple indicates the reverse.
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 Tools
MAY 15, 2023
Related Courses Budgeting Capital Budgeting Operations Management What is the Production Budget? The production budget calculates the number of units of products that must be manufactured, and is derived from a combination of the sales forecast and the planned amount of finished goods inventory to have on hand (usually as safety stock to cover for unexpected increases in demand).
Accounting Tools
MAY 15, 2023
Related Courses Business Ratios Guidebook The Interpretation of Financial Statements What is Market Value Added? The market value added concept derives the difference between the market value of a business and the cost of the capital invested in it. When market value is less than the cost of invested capital, this implies that management has not done a good job of creating value with the equity made available to it by investors.
Accounting Tools
MAY 15, 2023
Related Courses Inventory Management Operations Management What is Stockout Cost? Stockout cost is the lost income and expense associated with a shortage of inventory. This cost can arise in two ways, which are noted below. It is not always easy to discern the stockout costs incurred by a business. This is because lost sales do not appear on its income statement , and the costs associated with rush purchases are usually buried in the cost of goods sold line item.
Accounting Tools
MAY 15, 2023
Related Courses The Balance Sheet What is Net Carrying Amount? Net carrying amount refers to the current recorded balance of an asset or liability , netted against the amount in the contra account with which it is paired. For example, a fixed asset has a current recorded balance of $50,000, and there is $10,000 of accumulated depreciation in the contra account with which it paired.
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