Accounting Today

AUGUST 29, 2023

These are the first sanctions ever against a firm over independence violations because it's a member of an alliance where another firm did work for the same client.

Auditing 312

Auditing Accounting Accounting 312

Accounting Department

AUGUST 29, 2023

For any business to thrive, it is essential to have accurate and up-to-date information about its operations. Real-time data plays a crucial role in a business's success regardless of its industry or size. However, businesses that use outdated technology and traditional data management techniques, such as manually inputting data into spreadsheets or relying on quarterly reports, miss out on valuable insights regarding their business operations.

Financial Reporting 258

Financial Reporting Accounting Accounting 258

Accounting Today

AUGUST 29, 2023

Nearly 500 service employees worked at large firms or big companies either before, during or after they worked at the IRS, according to a new report.

Accounting 299

Accounting Accounting Corporation Tax Tax 299

Xero

AUGUST 29, 2023

This guest blog post was written by the team at financial management app, Expensify. Finding the right balance between automation and compliance in any business process can be challenging. For example, when it comes to managing expenses, manual expense tracking and paper-based processes can lead to errors, delays, and inefficiencies. On the other hand, automating every aspect of expense reporting without proper checks and balances can potentially result in compliance issues too.

Expense Reports 246

Expense Reports XERO Data Entry General Ledger 246

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 29, 2023

Accounting firms are less important than the partner leading the team in terms of the impact on the business's effective tax rate and the probability it will face an audit.

Corporation Tax 297

Corporation Tax Tax Auditing Accounting 297

Fidesic blog

AUGUST 29, 2023

Summer went by in a flash and with the back-to-school season underway, things are only going to go faster. Before we know it, we’ll be seeing you in Charlotte for Community Summit North America (October 15-20).

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Insightful Accountant

AUGUST 29, 2023

Insightful Accountant has scheduled Murph to host our regular 'QB Talks' on Sept. 20 to discuss "QuickBooks Desktop 2024.

QuickBooks 98

QuickBooks Accounting Accounting 98

Accounting Today

AUGUST 29, 2023

While companies are working in overdrive to fill accounting positions, they are finding themselves up against a confluence of factors.

Accounting 246

Accounting Accounting Financial Reporting Auditing 246

Insightful Accountant

AUGUST 29, 2023

Industry thought leaders Dawn Brolin, Logan Graf, Tiffany Davis, Ryan Lazanis, Eric Green, and others, are partnering with Ignition to institute a new wave of change for US accountants and tax professionals.

Tax 52

Tax Accounting Accounting 52

Accounting Today

AUGUST 29, 2023

New Zealand will introduce legislation this week that enables a digital services tax on large multinational companies, though the levy won't be imposed until 2025.

Tax 246

Tax Corporation 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.

Blake Oliver

AUGUST 29, 2023

It’s time to separate mobility fact from fiction in the 150-hour debate. David Knoble , Chair of the South Carolina Association of CPAs , joined my podcast — The Accounting Podcast — to bust myths and clarify the nuances around CPA mobility. Here are just a few myths he busted. ? ? MYTH : All states have identical CPA licensing requirements for mobility purposes.

CPA 52

CPA Accounting Accounting 52

Accounting Today

AUGUST 29, 2023

The Internal Revenue Service and the Treasury Department issued guidance to require employers to meet the prevailing wage and apprenticeship requirements for clean energy jobs and tax credits under the Inflation Reduction Act.

Tax 246

Tax 246

Jetpack Workflow

AUGUST 29, 2023

Delegating accounting tasks should lighten a firm owner’s workload and remove bottlenecks, not add complexity and extra work to an already busy schedule. It takes trust to delegate tasks to your team members or outside contractors without having to oversee the work. You also need software you can count on to ensure every task is accounted for and completed on time.

Accounting 52

Accounting Accounting Billing QuickBooks 52

Accounting Today

AUGUST 29, 2023

The agency and the Treasury Department two-year reprieve gives retirement advisors time to prepare — and a preview of upcoming guidance about Secure 2.0.

Tax 189

Tax 189

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

Accounting Tools

AUGUST 29, 2023

Related Courses Essentials of Business Law What is a Covenant? A covenant is a contractual requirement that one party to a contract either specifically complete a task or to refrain from doing something. The term is frequently used in lending agreements, where a borrower is not allowed to do certain things, such as pay dividends , while the loan is still unpaid.

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Accounting Today

AUGUST 29, 2023

The rate of growth for hiring and hourly earnings stabilized this month, according to Paychex.

Payroll 182

Payroll Accounting Accounting 182

Accounting Tools

AUGUST 29, 2023

Related Courses CFO Guidebook Corporate Finance Treasurer's Guidebook What is Collateral? Collateral is an asset or group of assets that a borrower or guarantor has pledged as security for a loan. The lender has the legal right to seize and sell the asset(s) if the borrower is unable to pay back the loan by the agreed date. An example of collateral is the house bought with a mortgage.

Corporate Finance 40

Corporate Finance 40

Accounting Today

AUGUST 29, 2023

ERC questions; rethinking revenue; Ozempic and Wegovy; and other highlights from our favorite tax bloggers.

Tax 145

Tax 145

Advertiser: Paycor

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Accounting Tools

AUGUST 29, 2023

Related Courses Small Business Tax Guide What is an Information Return? An information return is a tax return that contains information about the taxpayer, but which does not state a tax liability. This return is not accompanied by a tax payment. Information returns must be filed; if this is not done in a timely manner or contains incorrect information, a taxpayer may be subject to penalties.

Tax 40

Tax 40

Accounting Today

AUGUST 29, 2023

These six factors are the common drivers of every high-performing practice.

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Accounting Tools

AUGUST 29, 2023

Related Courses Quality Management Fundamentals What are Internal Failure Costs? Internal failure costs are those costs of quality associated with product failures that are discovered before a product leaves the factory. These failures are discovered through the firm's internal inspection processes. Examples of internal failure costs are failure analysis activities, product rework costs, product scrapped (net of scrap sales), and throughput lost.

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NACM

AUGUST 29, 2023

One of the most valuable characteristics a professional can possess is curiosity—both to learn new skills and about the world around them. In the ever-changing B2B credit industry, you must adapt and stay ahead of the newest trends. NACM's Professional Certification Program gives credit professionals opportunities to go beyond the basic levels of c.

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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 29, 2023

Related Courses How to Conduct a Compilation Engagement How to Conduct a Review Engagement How to Conduct an Audit Engagement What is an Interim Audit? An interim audit involves preliminary audit work that is conducted prior to the fiscal year-end of a client. The interim audit tasks are conducted in order to compress the period needed to complete the final audit.

Auditing 40

Auditing Financial Statements 40

Accounting Tools

AUGUST 29, 2023

Related Courses Records Management What is an Internal Document? An internal document is a record that is created and stored within a business. The document is used to support the processes of the organization. Examples of internal documents are employee timecards and timesheets , production plans, purchase requisitions , receiving reports , sales orders , and scrap authorizations.

Record Keeping 40

Record Keeping 40

Accounting Tools

AUGUST 29, 2023

Related Courses Investor Relations Guidebook Public Company Accounting and Finance What is an Insider? An insider is an individual who possesses information about a publicly held firm that has not been made known to the investing community. This person is in a position to profit from that information at the expense of the investing community. For example, an insider might know that a major contract has been signed with a customer , and so buys additional company shares before the contract is ann

Accounting 40

Accounting Accounting 40

Accounting Tools

AUGUST 29, 2023

Related Courses How to Audit Inventory How to Conduct an Audit Engagement What is an Inventory Observation? An inventory observation is the oversight of a client's inventory counting process by an outside auditor.

Auditing 40

Auditing 40

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 29, 2023

Related Courses Auditing State and Local Governments Governmental Accounting The Green Book Explained The Yellow Book Explained What is an Internal Service Fund? An internal service fund is a fund used in governmental accounting to track goods or services shifted between departments on a cost reimbursement basis. An example of an internal service fund is a maintenance department that provides equipment maintenance services to other departments.

Auditing 40

Auditing Accounting Accounting 40

Accounting Tools

AUGUST 29, 2023

Related Courses Bookkeeping Guidebook Corporate Cash Management How to Audit Cash Optimal Accounting for Cash What is an Imprest Fund? An imprest fund is a small amount of cash that is set aside for use in paying for incidental expenses. The fund is typically stored in a box or drawer, and is controlled by a custodian who has the authority to make payments.

Petty cash 40

Petty cash Reconciling Bookkeeping Auditing 40

Accounting Tools

AUGUST 29, 2023

Related Courses Accounting Controls Guidebook What is an Internal Check? An internal check is the splitting of work tasks so that one person is not responsible for every step in a transaction. The splitting of tasks allows for the verification of work by a second person, thereby reducing the risk of fraud. An internal check also reduces the number of transactional errors, since the second person can spot and correct them as part of her ongoing work.

Accounting 40

Accounting Accounting 40

Accounting Tools

AUGUST 29, 2023

Related Courses Cost Accounting Fundamentals What is Imputed Cost? Imputed cost is the cost incurred during the period when an asset is employed for a particular use, rather than redirecting the asset to a different use. This amount is the incremental difference between the two options. For example, a teacher decides to go back to school to earn a master's degree.

Cost Accounting 40

Cost Accounting 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.