Insightful Accountant

OCTOBER 8, 2023

Murph reviews the enhanced functionality of Item Categories found in QuickBooks Enterprise v24.

QuickBooks 101

QuickBooks 101

Accounting Tools

OCTOBER 8, 2023

Related Courses Law Firm Accounting Partnership Accounting Partnership Tax Guide The Nature of a Partnership A partnership is a business arrangement in which two or more people own an entity, and personally share in its profits , losses , and risks. The exact form of partnership used can give some protection to the partners. A partnership can be formed by a verbal agreement, with no documentation of the arrangement at all.

Tax 75

Tax Accounting Accounting 75

IMA's Count Me

OCTOBER 8, 2023

Looking for expert advice on fractional leadership? Look no further! Join host Adam Larson and guest Ben Wolf as they dive into the world of fractional executives. Ben is the founder and CEO for Wolf's Edge Integrators , a premier fractional COO organization. From fractional CFOs and CMOs to COOs and beyond, Ben will share his insights and experiences on how to hire, manage, and maximize the impact of fractional leaders.

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Accounting Tools

OCTOBER 8, 2023

Related Courses Budgeting Capital Budgeting Financial Forecasting and Modeling What is Budgetary Planning? Budgetary planning is the process of constructing a budget and then utilizing it to control the operations of a business. The purpose of budgetary planning is to mitigate the risk that an organization's financial results will be worse than expected.

Budgeting 75

Budgeting Financial Statements Accounting Software Accounting 75

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

Insightful Accountant

OCTOBER 8, 2023

Our 'Future Forward 2023 Rewind' continues with Will Hill, who provides a breakdown on how technology provides a wealth of opportunities and creates an abundance of distractions.

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Accounting Tools

OCTOBER 8, 2023

Related Courses Corporate Cash Management Corporate Finance Treasurer's Guidebook What is the Assignment of Accounts Receivable? Under an assignment of accounts receivable arrangement, a lender pays a borrower in exchange for the borrower assigning certain of its receivable accounts to the lender. If the borrower does not repay the loan , the lender has the right to collect the assigned receivables.

Accounts Receivable 75

Accounts Receivable Accounts Receivable Account Receivables Accounting 75

Accounting Tools

OCTOBER 8, 2023

Related Courses Auditing Nonprofit Entities Nonprofit Accounting What are the Key Financial Statements for a Nonprofit? A nonprofit entity issues a somewhat different set of financial statements than the statements produced by a for-profit entity. One of the statements is entirely unique to nonprofits. The financial statements issued by a nonprofit are noted below.

Financial Statements 75

Financial Statements Auditing Accounting Accounting 75

Invoicera

OCTOBER 8, 2023

Are you tired of generating manual invoices or following up with clients to get paid on time? If yes, you are wasting your energy, time, and effort. You can ease the job of creating invoices and can do work of many hours in minutes. In today’s fast-paced world, where time is of the essence, you must adopt an automated system for invoicing. It will help maximize efficiency, and boost your business grow.

Invoice Processing 52

Invoice Processing Invoicing Data Entry Billing 52

Accounting Tools

OCTOBER 8, 2023

Related Courses Accounting for Inventory Cost Accounting Fundamentals The Interpretation of Financial Statements Certain cost accounting formulas should be monitored on a regular basis in order to spot spikes or drops in the performance of an organization. These issues can then be investigated to see if remedial action should be taken, with the intent of enhancing profits.

Cost Accounting 75

Cost Accounting Accounting Accounting Budgeting 75

Insightful Accountant

OCTOBER 8, 2023

The partnership will expand The Bonadio Group’s presence in the Dallas–Fort Worth metroplex.

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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

OCTOBER 8, 2023

Related Courses Fraud Examination Fraud Schemes How to Audit for Fraud What is Fraud? Fraud is a false representation of the facts, resulting in the object of the fraud receiving an injury by acting upon the misrepresented facts. Fraud results in a person giving up something of value or giving up a legal right. It is proven in court by showing that the actions of a person committing fraud involved the following elements: A false statement of a material fact; Knowledge that the statement was untr

Financial Statements 75

Financial Statements Auditing Accounting Accounting 75

NextProcess

OCTOBER 8, 2023

Every company needs procurement. Being able to reliably source needed supplies (everything from printer paper to essential parts) is vital to keeping a business running smoothly. In many companies, though, procurement is a process that’s challenging to manage efficiently. As of 2017, only 6% of surveyed companies reported total visibility into their supply chains ( GEODIS, cited by Finances Online ).

Purchase Order 52

Purchase Order Budgeting Collections Invoicing 52

Accounting Tools

OCTOBER 8, 2023

Related Courses Bookkeeper Education Bundle Bookkeeping Guidebook A bookkeeper records the accounting transactions for a smaller business and issues financial statements to the owners. This is one of the higher-paying positions available to a person without a college degree, making it one of the better career opportunities. To become a bookkeeper, a person should concentrate on certain key skill sets while in high school, and expand upon them over the following years.

Bookkeeping 75

Bookkeeping Financial Statements Accounting Software Payroll 75

Accounting Tools

OCTOBER 8, 2023

Related Courses Inventory Management Purchasing Guidebook What are Ordering Costs? Ordering costs are the expenses incurred to create and process an order to a supplier. These costs are included in the determination of the economic order quantity for an inventory item. Examples of ordering costs are as follows: Cost to prepare a purchase requisition Cost to prepare a purchase order Cost of the labor required to inspect goods when they are received Cost to put away goods once they have been recei

Purchase Order 40

Purchase Order Invoicing 40

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Accounting

Accounting Tools

OCTOBER 8, 2023

Related Courses GAAP Guidebook International Accounting What is the GAAP Hierarchy? The GAAP hierarchy defines the level of authority of different accounting pronouncements. When researching an accounting issue, you should first look for relevant advice at the top of the GAAP hierarchy. If there is no relevant information at the top of the hierarchy, then work down through the various levels of the hierarchy until you find the relevant pronouncement.

Auditing 40

Auditing Financial Reporting Financial Accounting Accounting 40

Accounting Tools

OCTOBER 8, 2023

Related Courses Activity-Based Costing Cost Accounting Fundamentals What is Meant by Overabsorbed? The overabsorbed concept applies to factory overhead costs. These costs are not directly associated with the production of specific goods, so they must be allocated to goods instead, using a standard overhead rate. This rate is typically calculated at the beginning of a firm’s fiscal year , based on the expected amount of factory overhead costs that will be incurred and the expected number of units

Financial Statements 40

Financial Statements Cost Accounting Accounting Accounting 40

Accounting Tools

OCTOBER 8, 2023

Related Courses Business Ratios Guidebook Financial Analysis The Interpretation of Financial Statements What is Horizontal Analysis? Horizontal analysis is the comparison of historical financial information over a series of reporting periods. It may also apply to the ratios derived from this information. The analysis is most commonly a simple grouping of information that is sorted by period, but the numbers in each succeeding period can also be expressed as a percentage of the amount in the base

Financial Statements 40

Financial Statements Financial Analysis Accounts Payable Accounts Payable 40

Accounting Tools

OCTOBER 8, 2023

Related Courses Working Capital Management What is Working Capital? Working capital is the amount of an entity's current assets minus its current liabilities. This represents the amount of assets that can be liquidated in the near future to pay off a firm’s more pressing obligations. How to Use Working Capital Analysis Working capital analysis is used to determine the liquidity and sufficiency of current assets in comparison to current liabilities.

Accounts Receivable 40

Accounts Receivable Accounts Receivable Account Receivables Accounts Payable 40

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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.

AP

Accounting Tools

OCTOBER 8, 2023

Related Courses Bookkeeping Guidebook Cost Accounting Fundamentals What are Nonmanufacturing Overhead Costs? Nonmanufacturing overhead costs are expenditures not associated with product costs. Since they are not associated with products, these costs are not allocated to products in the determination of the cost of ending inventory or the cost of goods sold.

Cost Accounting 40

Cost Accounting Bookkeeping Accounting Accounting 40

Accounting Tools

OCTOBER 8, 2023

Related Courses Cost Accounting Fundamentals Operations Management What is a Job Cost Record? A job cost record is used to aggregate the costs of direct materials , direct labor , and the overhead to be applied to a specific job. As such, it is a source document for a job costing system, in which costs are accumulated for batches of units. The materials listed on the record are extracted from material requisition forms, while the hours listed on it are taken from employee and contractor timeshee

Cost Accounting 40

Cost Accounting Accounting Accounting 40

Accounting Tools

OCTOBER 8, 2023

Related Courses Excel Formulas and Functions Financial Analysis Introduction to Excel What is the Effective Interest Rate? The effective interest rate is that rate of interest actually earned on an investment or loan over the course of a year, incorporating the effects of compounding. Thus, an investment that has a stated (nominal) interest rate of 5% may actually have a higher effective interest rate, once the impact of compounding is added to the calculation of interest.

Financial Analysis 40

Financial Analysis 40

Accounting Tools

OCTOBER 8, 2023

Related Courses Cost Accounting Fundamentals Cost Management Guidebook Types of Overhead Variances Overhead variances arise when the actual overhead costs incurred differ from the expected amounts. Managers want to understand the reasons for these differences, and so should consider computing one or more of the overhead variances described below. Each of these variances applies to a different aspect of overhead expenditures.

Budgeting 40

Budgeting Computation Cost Accounting Accounting 40

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

OCTOBER 8, 2023

Related Courses Bookkeeping Guidebook Credit and Collection Guidebook The Balance Sheet How to Determine Cash Realizable Value in Accounting Cash realizable value is the cash remaining after the uncollectable amount has been subtracted from an account receivable. This net amount can be found by combining the receivable balance and the allowance for doubtful accounts on a company’s balance sheet.

Accruals 40

Accruals Accounts Receivable Accounts Receivable Account Receivables 40

Accounting Tools

OCTOBER 8, 2023

Related Courses Accountants’ Guidebook The Balance Sheet The Income Statement What is the Statement of Comprehensive Income? The statement of comprehensive income contains those revenue and expense items that have not yet been realized. It accompanies an organization’s income statement , and is intended to present a more complete picture of the financial results of a business.

Financial Statements 40

Financial Statements Financial Reporting Accounting Accounting 40

Accounting Tools

OCTOBER 8, 2023

Related Courses Fraud Examination Fraud Schemes How to Audit for Fraud What is Option Backdating? Option backdating is the practice of altering the official date on which a stock option is granted. The intent of this change is to set the option date to the date on which the market price of a company's stock was as low as possible. By doing so, the recipient is given a very low exercise price , and so will realize the largest possible gain when he or she eventually sells the shares.

Auditing 40

Auditing 40

Accounting Tools

OCTOBER 8, 2023

Related Courses Accounting Information Systems Bookkeeping Guidebook New Controller Guidebook Accounting software is used to collect information about and report on the financial viability of a business. This software is critical to the proper administration of an organization. Before deciding upon which software package to use, it is important to understand the different types of accounting software, and under what circumstances each one should be used.

Accounting Software 75

Accounting Software Accounting Accounting Financial Statements 75

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