Sun.Mar 26, 2023

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What is AI and why is it relevant for my small business?

Xero

It’s safe to say that artificial intelligence (AI) is now part of common language and everyday life. But while we’ve all heard of the term, not everyone really knows what it is or how to use it (or rather, whether it can be useful for them). Believe it or not, the term ‘artificial intelligence’ has been with us since as far back as 1955, when a number of academics and professionals in the field of technology first proposed a study of the term.

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How Intuit Combined Advanced AI and Human Expertise to Reshape the Future of Finance for 100M+ Customers

Intuit

The convergence of emerging and advanced technologies, particularly machine learning (ML) and other forms of artificial intelligence (AI), is delivering tremendous value for consumers and small businesses. Technologies that were once on the bleeding edge have quickly been democratized in a few short years, bringing the transformative power of innovation to the doorstep of our customers globally.

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Fortifying Your Data Privacy and Security in Tax Season

Insightful Accountant

GBG Americas' Christina Luttrell breaks down three essential strategies for today's accountants, CPAs and tax preparers.

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Helping taxpayers make the most of the 2023 tax season

Intuit

Taxes can be confusing. How does anyone have the time to figure out the deductions and credits they qualify for? That’s how we help. Intuit has helped tens of millions of families and small businesses take charge of their finances by helping them understand, prepare, and file their tax returns confidently—millions of them for free. In fact, over 93 million consumers, and 10 million small businesses manage their finances with Intuit.

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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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When It's Time to Migrate Desktop to Online Payroll

Insightful Accountant

QuickBooks Desktop users can take advantage of the benefits of QuickBooks Online without having to start over using a QBO Payroll (payroll only) Subscription.

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Ahead of the U.S. Federal Trade Commission Administrative Hearing  

Intuit

On March 27, Intuit will counter the U.S. Federal Trade Commission’s (FTC) claims related to its advertising practices around free tax preparation before an FTC administrative law judge. Intuit will show that it has been clear, fair, and transparent with its customers in marketing its free tax preparation offering, TurboTax Free Edition. While we believe this hearing, which is similar to a trial, is unnecessary because the core of the FTC’s case was resolved in last year’s multi-state settlement

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Ep. 218: Graham Stanton and Edgar Thomas - The State of Accounting Technology

IMA's Count Me

Graham Stanton and Edgar Thomas co-founders of Advise join Count Me In to talk about the current state of the market for accounting technology and the status of the industry today, which is constantly evolving. They discuss the lack of innovation in the accounting technology market and the pain points that practitioners face when using traditional tools.

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Cost of goods sold statement definition

Accounting Tools

Related Courses Cost Accounting Fundamentals The Income Statement The Interpretation of Financial Statements What is a Cost of Goods Sold Statement? A cost of goods sold statement compiles the cost of goods sold for an accounting period in greater detail than is found on a typical income statement. This statement is not considered to be one of the main elements of the financial statements , and so is rarely found in practice.

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Word Parser: How to convert word documents to excel?

Nanonets

Word documents are easy to edit and access; if you need to convert a single word document to excel, you must copy and paste the data. But, if you have many word documents, following such a manual process will only hamper your productivity. So what’s the best way to go about it? Intelligent document processing platforms like Nanonets help you process word documents automatically using document workflows.

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The difference between the general ledger and general journal

Accounting Tools

Related Courses Bookkeeper Education Bundle Bookkeeping Guidebook The general ledger and general journal are both components of a double-entry accounting system. In order to understand how a double-entry system functions, we need to have a clear understanding of the differences between the general ledger and general journal, which are noted below. Types of Information Stored The general ledger contains a summary of every recorded transaction , while the general journal contains the original entr

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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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What is mortgage processing and how to automate it?

Nanonets

Mortgage processing automation helps companies reduce the manual workload involved in mortgage origination and processing, in order to improve accuracy and efficiency. It is one of the technologies that lending businesses are adopting to stay competitive in today’s fast-paced business environment. In this post, we will explore how mortgage processing automation using Nanonets and OCR technology can improve your business.

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Carrying value definition

Accounting Tools

Related Courses Fixed Asset Accounting How to Audit Fixed Assets What is Carrying Value? Carrying value is the original cost of an asset , less the accumulated amount of any depreciation or amortization , less the accumulated amount of any asset impairments. From the perspective of an entire business, you can consider carrying value to be the net recorded amount of all assets, less the net recorded amount of all liabilities.

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How to create and automate data entry into an Excel database?

Nanonets

1.1 Billion people have used Excel at one point in their life. Whether it is for a personal task or complex data analysis, Excel is the go-to tool for most people. An exodus of data is created and handled on both personal and professional levels. Data management is often a big concern. But what if you could manage data efficiently using excel? Excel databases can be a lifesaver.

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Retention ratio definition

Accounting Tools

Related Courses Business Ratios Guidebook The Interpretation of Financial Statements What is the Retention Ratio? The retention ratio is the proportion of net income retained to fund the operational needs of a business. A high retention level indicates that management believes there are uses for the cash internally that provide a rate of return higher than the cost of capital.

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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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Cost driver definition

Accounting Tools

Related Courses Activity-Based Costing Activity-Based Management Cost Accounting Fundamentals What is a Cost Driver? A cost driver triggers a change in the cost of an activity. The concept is most commonly used to assign overhead costs to the number of produced units. It can also be used in activity-based costing analysis to determine the causes of overhead, which can be used to minimize overhead costs.

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Average accounts payable calculation

Accounting Tools

Related Courses Business Ratios Guidebook Payables Management When to Use Average Accounts Payable An average of the accounts payable balance outstanding is needed to properly measure the liability situation of a business. This approach works better than the most commonly-recorded amount, which is the month-end accounts payable balance. This is especially necessary when incorporating accounts payable into a business ratio, and especially when this information is reported to a lender as part of a

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Current ratio analysis

Accounting Tools

Related Courses Business Ratios Guidebook Financial Analysis The Interpretation of Financial Statements What is Current Ratio Analysis? Current ratio analysis is used to determine the liquidity of a business. The results of this analysis can then be used to grant credit or loans, or to decide whether to invest in a business. It can also be used to decide whether a business should be shut down.

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Zero-base budgeting definition

Accounting Tools

Related Courses Budgeting Capital Budgeting What is Zero-Base Budgeting? A zero-base budget requires managers to justify all of their budgeted expenditures. This is opposed to the more common approach of only requiring justification for incremental changes to the budget or the actual results from the preceding year. Thus, a manager is theoretically assumed to have an expenditure base line of zero (hence the name of the budgeting method), no matter what the actual budget was in the prior 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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Amortized cost definition

Accounting Tools

Related Courses Accounting for Intangible Assets Fixed Asset Accounting How to Audit Fixed Assets What is Amortized Cost? The amortized cost concept can be applied to several scenarios in the areas of accounting and finance, which are noted below. Amortized Cost of Fixed Assets Amortized cost is that accumulated portion of the recorded cost of a fixed asset that has been charged to expense through either depreciation or amortization.

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When are expenses incurred?

Accounting Tools

Related Courses Bookkeeper Education Bundle Bookkeeping Guidebook The Soft Close Expenses are incurred when a resource is consumed. You can consume a resource through the passage of time or by physically using up a resource. For example, you would incur an expense for rent through the passage of time in a rental period, or for depreciation through the passage of time during the useful life of a fixed asset , or for a product when it is sold.

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Step variable cost definition

Accounting Tools

Related Courses Cost Accounting Fundamentals What is a Step Variable Cost? A step variable cost is a cost that generally varies with the level of activity , but which tends to be incurred at certain discrete points and involve large changes in amounts when such a point is reached. Conversely, a truly variable cost will vary continually and directly in concert with the level of activity.

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Transfer pricing definition

Accounting Tools

Related Courses Revenue Management Revenue Recognition What is Transfer Pricing? Transfer pricing is the method used to sell a product from one subsidiary to another within a company. This approach is used when the subsidiaries of a parent company are measured as separate profit centers. Transfer pricing impacts the purchasing behavior of the subsidiaries, and may have income tax implications for the company as a whole.

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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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Accounting for deferred taxes

Accounting Tools

Related Courses Accounting for Income Taxes How to Account for Deferred Taxes A business needs to account for deferred taxes when there is a net change in its deferred tax liabilities and assets during a reporting period. A deferred tax is usually the difference between the carrying amount of an asset or liability and its corresponding tax basis, multiplied by the applicable income tax rate.

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Full disclosure principle definition

Accounting Tools

Related Courses Accountants' Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook What is the Full Disclosure Principle? The full disclosure principle states that all information should be included in an entity's financial statements that would affect a reader's understanding of those statements. The interpretation of this principle is highly judgmental, since the amount of information that can be provided is potentially massive.

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Auditor's report definition

Accounting Tools

Related Courses How to Conduct an Audit Engagement What is an Auditor’s Report? An auditor’s report is a written statement made by an external auditor , stating that party’s opinion on whether a client’s financial statements comply with the applicable accounting framework and are free of material misstatements. This report is included with the client’s financial statements when it issues the statements to third parties.