Accounting Department
JUNE 6, 2023
Simplifying e-commerce business operations can be achieved by outsourcing specific functions such as accounting and bookkeeping services. For an e-commerce business to thrive and succeed, it is crucial to maintain a clear understanding of its financial position, performance, profit margins, marketing commitments, stock levels, and cash flows on a regular basis.
Ascend Software blog
JUNE 6, 2023
In recent years, there has been a significant reduction in government funding for healthcare. This has had a major impact on healthcare companies, who are now facing increased financial pressures.
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Plooto
JUNE 6, 2023
An accounting firm's pricing strategy can be its most potent weapon to combat the disruptions and uncertainties of today's precarious business environment.
Insightful Accountant
JUNE 6, 2023
A new FloQast study shows that reinvestment in program strategy, staffing and adoption of technology can help organizations navigate turbulent economic times.
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
JUNE 6, 2023
Related Courses The Balance Sheet The Interpretation of Financial Statements What are Appropriated Retained Earnings? Appropriated retained earnings are retained earnings that have been set aside by action of the board of directors for a specific use. The intent of retained earnings appropriation is to not make these funds available for payment to shareholders.
Insightful Accountant
JUNE 6, 2023
Intuit is conducting a June 13-15 Bootcamp, which provides ProAdvisors with certification and recertification prep courses for both Core-level and Advanced-level examinations.
Financial Ops World brings together the best financial operations content from the widest variety of thought leaders.
Insightful Accountant
JUNE 6, 2023
You can use your potential as a CEO Whisperer to offer differentiated advisory services. In Part 1 of G76's Peter Mares' four-part series, learn how to elevate your services from rules-based to value-based advisory. Sign up for the webinar, too.
Tipalti
JUNE 6, 2023
Mass payouts are a game-changer for businesses looking to pay out large numbers of freelancers or contractors on a global scale. Learn how mass payouts work in our comprehensive guide.
Less Accounting
JUNE 6, 2023
Posts The best Ranked Casinos on the internet Inside the For every Area And Nation Better Required The brand new Casinos online Better Respected and Separate On-line casino Analysis 2022 Playtech gambling can be efforts casinos on their own, highlighting the fresh extent of products it offers. Fairness Category, The new Ebony Knight, and you will Frankie Dettori’s Magic Seven are just a number of famous games to be had.
Insightful Accountant
JUNE 6, 2023
See how ForwardAI's Forwardly platform is helping small businesses receive payments now—and why that matters to your clients.
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.
Accounting Tools
JUNE 6, 2023
Related Courses Corporate Finance Financial Analysis Treasurer's Guidebook The after-tax cost of debt is the initial cost of debt , adjusted for the effects of the incremental income tax rate. To calculate it, subtract the company’s incremental tax rate from 100% and then multiply the result by the interest rate on the debt. The formula is: Before-tax cost of debt x (100% - incremental tax rate) = After-tax cost of debt The after-tax cost of debt can vary, depending on the incremental tax rate o
NACM
JUNE 6, 2023
NACM's Professional Certification Program provides educational opportunities to help credit professionals reach all different goals. Not only will credit professionals seek education to learn new information but many times, credit professionals will seek designations that fine-tune their current skills. "Getting support from my boss and husband has.
Accounting Tools
JUNE 6, 2023
Related Courses Revenue Management Revenue Recognition What is a Price Setter? A price setter is an entity that has the ability to set its own prices, because its products are sufficiently differentiated from those of competitors. A firm is better able to set prices when it has a significant amount of market share and follows a clear pricing strategy.
Gaviti
JUNE 6, 2023
As companies become increasingly complex and expand across the globe, managers are looking for new ways to reduce costs and standardize processes. FSS can help companies achieve these goals and more, but it is especially useful for accounts receivable. What Are Financial Shared Services? The finance shared services model consolidates financial functions within an organization.
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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
JUNE 6, 2023
Related Courses Accountants' Guidebook GAAP Guidebook If a loan agreement contains a clause stating that the lender can demand payment at any time, then classify the debt as a current liability. This is the case even if there is no expectation that the lender will demand payment within the current year. This requirement is mandated by the accounting standards in Generally Accepted Accounting Principles.
Accounting Tools
JUNE 6, 2023
Related Courses How to Conduct an Audit Engagement What is an Accountant in Charge? An accountant in charge is the manager of an audit. This person is responsible for assigning tasks to the audit staff, monitors the progress of the work, and adjusts workloads to complete the audit on time. This person reviews the findings of the team and reviews its working papers.
Accounting Tools
JUNE 6, 2023
Related Courses Property Management Accounting Real Estate Accounting Real Estate Investing How to Account for Deferred Rent Deferred rent accounting occurs when a tenant is given free rent in one or more periods, usually at the beginning of a lease agreement. To account for these free periods, as well as subsequent periods, the essential accounting is as follows: Compile the total cost of the lease for the entire lease period.
Accounting Tools
JUNE 6, 2023
Related Courses Fraud Schemes Professional Rules of Conduct Unethical Behavior What is a Facilitating Payment? A facilitating payment is a small bribe made to expedite the performance of a routine or necessary action to which the payer is already entitled. For example, an international corporation wants to set up a new subsidiary in a country in which it has never done business before.
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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
JUNE 6, 2023
Related Courses Accounting for Inventory Activity-Based Costing Cost Accounting Fundamentals What is a Predetermined Overhead Rate? A predetermined overhead rate is an allocation rate that is used to apply the estimated cost of manufacturing overhead to cost objects for a specific reporting period. This rate is frequently used to assist in closing the books more quickly, since it avoids the compilation of actual manufacturing overhead costs as part of the period-end closing process.
Accounting Tools
JUNE 6, 2023
Related Courses Accountants' Guidebook GAAP Guidebook How to Audit Equity How to Account for Treasury Stock A company may elect to buy back its own shares , which are then called treasury stock. Management may intend to permanently retire these shares, or it could intend to hold them for resale or reissuance at a later date. Common reasons for the repurchase of stock include the following: A stock buyback program that is intended to reduce the overall number of shares and thereby increase the ea
Accounting Tools
JUNE 6, 2023
Related Courses Bookkeeping Guidebook How to Audit Receivables New Controller Guidebook If uncollectible accounts receivable are being written off as they occur (the direct charge-off method), then there will be times when a customer unexpectedly pays an invoice after it has been written off. In such a case the correct treatment is to reverse the write-off, which will yield a negative bad debt expense if the original write-off occurs in a month earlier than the reversal.
Accounting Tools
JUNE 6, 2023
Related Courses Accounting for Income Taxes Small Business Tax Guide What is Income Tax Expense? Income tax expense is the amount of expense that a business recognizes in an accounting period for the government tax related to its taxable profit. The amount of income tax expense recognized is unlikely to exactly match the standard income tax percentage that is applied to business income, since there are a number of differences between the reportable amount of income under the GAAP or IFRS framewo
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
JUNE 6, 2023
Related Courses Revenue Management Revenue Recognition What is a Rate Fence? Rate fences are rules or restrictions that allow customers to segment themselves into appropriate rate categories based on their needs, behavior, or willingness to pay. Rate fences are commonly used in the airline and hotel industries to force customers into higher-paying or lower-paying groups.
Accounting Tools
JUNE 6, 2023
Related Courses Investing Guidebook What is Profit Taking? Profit taking involves the sale of an asset after its value has risen higher than the original purchase price. By selling at this point, the owner realizes a profit on the sale. The term is most commonly applied to the sale of securities , where the profit taking event is triggered by the security price having risen sufficiently above the original purchase price and any sale transaction costs to generate a reasonable profit.
Accounting Tools
JUNE 6, 2023
Related Courses Accounting for Inventory Cost Accounting Fundamentals What is a Standard Cost Card? A standard cost card contains an itemization of the standard amounts of materials , labor , and overhead required to create one unit of a product. The card also multiplies the standard cost of each of these line items by the quantities required to arrive at the total standard cost of a product.
Accounting Tools
JUNE 6, 2023
Related Courses The Balance Sheet The Interpretation of Financial Statements What is a Retained Loss? A retained loss is a loss incurred by a business, which is recorded within the retained earnings account in the equity section of its balance sheet. The retained earnings account contains both the gains earned and losses incurred by a business, so it nets together the two balances.
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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