Accounting Today
MARCH 25, 2024
The Internal Revenue Service has posted new information about how to handle possible processing errors when electronically filing Form 1065, "Return of Partnership Income," and ways to avoid them.
Cevinio
MARCH 25, 2024
Welcome to “Knowledge as a factor of accuracy and productivity in accounts payable, the podcast” with Pavel Voronin, Knowledge & Training Lead at Cevinio [.
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Accounting Today
MARCH 25, 2024
Time is running out for nearly 940,000 individuals to claim refunds from 2020, with a May 17 deadline approaching for filing the necessary tax returns.
Insightful Accountant
MARCH 25, 2024
While voting remains open for the 2024 Domestic (US & its Territories) ProAdvisor Awards, you only have one more week to cast your votes, the ballot box will close April 2, 2024.
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 Today
MARCH 25, 2024
Growing a firm is difficult, but not growing it could be more difficult.
Insightful Accountant
MARCH 25, 2024
The changing landscape in the tax industry means firms are facing changes at a faster pace than ever. In addition to rapid technology changes, staffing challenges are prevalent and clients are demanding more value-added services than ever.
Financial Ops World brings together the best financial operations content from the widest variety of thought leaders.
Invoicera
MARCH 25, 2024
Introduction Entering the 21st century, it’s hard to imagine that you can still conduct transactions without physical currency. That might not be the case in the future, though, as we move toward an era when traditional forms of exchange could become less common and businesses deal exclusively with digital transactions. A society without physical currency is becoming an inevitability as electronic payments and online money transfers become increasingly popular across the globe, particularly in u
Accounting Today
MARCH 25, 2024
The Internal Revenue Service has updated its whistleblower award form for tipping off the IRS about tax violations and applying for a monetary reward for the information.
Remote Quality Bookkeeping
MARCH 25, 2024
We know artificial intelligence is making strides in many industries, from content creation to software development. But what is the status of AI in accounting and bookkeeping? Well, it turns out it’s not much further removed from where AI leads many other arenas. Yet, with profits at stake, many small business owners want to know if they can (and should) leave their bookkeeping to artificial intelligence.
Accounting Today
MARCH 25, 2024
The measure would have allowed the city council to increase transfer levies on upmarket residential and commercial property sales.
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.
Plooto
MARCH 25, 2024
The future of accounting is coming fast, as firms race to integrate new technologies into their practices. In fact, a staggering 96% of accountants believe that automation will be vital to their future growth and success. Emerging trends such as cloud-based accounting, machine learning, blockchain, robotic process automation (RPA), and enhanced client-centric services are fundamentally altering the landscape.
Billah and Associates
MARCH 25, 2024
What is Tax-Free Savings Account (TFSA)? A Tax-Free Savings Account (TFSA) is a registered investment account that allows Canadian residents 18 years of age or older to earn tax-free investment income. Since 2009, federal government, through TFSAs allow individuals to contribute a set amount each year to the account, up to a lifetime maximum. Any income earned in the account, such as interest, dividends or capital gains, accrues tax-free.
Insightful Accountant
MARCH 25, 2024
This is your last opportunity to 'self-nominate/apply' for the 2024 International ProAdvisors Awards. The application period will close on March 31, 2024.
Tipalti
MARCH 25, 2024
Learn how artificial intelligence is revolutionizing processes, enhancing efficiency, and driving bottom-line results in this exploration of the impact of AI on accounts payable.
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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
MARCH 25, 2024
What is Material Cost? Material cost is the cost of materials used to manufacture a product or provide a service. Excluded from the material cost is all indirect materials , such as cleaning supplies used in the production process. Material cost usually comprises the bulk of the costs incurred to manufacture a product. How to Calculate Material Cost Follow these steps to determine the amount of material cost to assign to a unit of production (such as a completed finished goods item): Ascertain t
Tipalti
MARCH 25, 2024
Both Airbase and Zip help automate the procurement process for businesses–which solution will match your business needs best, and are there better alternatives?
Accounting Tools
MARCH 25, 2024
What is the Cost of Merchandise Sold? The cost of merchandise sold is the cost of goods that have been sold by a wholesaler or retailer. These entities do not manufacture their own goods, instead buying the goods from third parties and selling them to their customers. If wholesalers and retailers were to instead manufacture their own goods, this term would change to the cost of goods sold.
Accounting Today
MARCH 25, 2024
The Series C round was led by the Israel-based Key1 Capital fund and joined by Euclidean Capital, with funds managed by Hamilton Lane.
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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
MARCH 25, 2024
What is a Batch-Level Cost? A batch-level cost is a cost related to a group of units, but which is not associated with specific individual units. For example, the cost incurred to set up a production run is associated with the batch of goods that are subsequently produced. The concept is used to allocate overhead , where batch-level costs are spread among the units in a batch.
Nanonets
MARCH 25, 2024
B2B payments don’t have to be complicated – but they often are. Juggling cross-border payments , a slew of available payment processing options, and keeping all of them straight and error-free across an entire landscape of payment recipients and vendors can take far more time than the seemingly simple act deserves. But changes in tech are coming for your accounts payable and receivable infrastructure – one of which is integrated payables, which takes the entire mess of payme
Accounting Tools
MARCH 25, 2024
What is Limit Pricing? Limit pricing is the practice of setting a product or service price at a level just low enough to deter potential market entrants from competing in a market. A business engages in limit pricing when it wants to minimize the number of competitors. The price point chosen may not be the price at which a business earns the largest profit , but it does keep other companies out of the market.
Accounting Today
MARCH 25, 2024
Both Donald Trump and Joe Biden have begun laying out their visions for the Tax Code.
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
MARCH 25, 2024
What is a Cash Receipt? A cash receipt is a printed statement of the amount of cash received in a cash sale transaction. A copy of this receipt is given to the customer , while another copy is retained for accounting purposes. A cash receipt contains the following information: The date of the transaction A unique number that identifies the document The name of the payer The amount of cash received The payment method (such as by cash or check ) The signature of the receiving person Accounting for
Accounting Tools
MARCH 25, 2024
What is Predatory Pricing? Predatory pricing is the practice of deliberately setting prices so low that competitors cannot compete, and so are driven from the marketplace. Predatory pricing can act as a strong barrier to entry , since potential competitors will steer clear of any company sending such a strong competitive signal. The result of predatory pricing should be a situation where the company can then raise prices and reap exceptional profits ; however, if raising prices removes the prima
Accounting Tools
MARCH 25, 2024
What is Shadow Pricing? Shadow pricing can refer to the assignment of a price to an intangible item for which there is no ready market from which to derive a price. Shadow prices are most commonly used in cost-benefit analyses where some elements of the analyses cannot be quantified by reference to a market price or a cost. The term can also refer to the maximum price that a business should be willing to pay for one additional unit of some type of resource.
Accounting Tools
MARCH 25, 2024
What is Break Even Pricing? Break even pricing is the practice of setting a price point at which a business will earn zero profits on a sale. The intention is to use low prices as a tool to gain market share and drive competitors from the marketplace. By doing so, a company may be able to increase its production volumes to such an extent that it can reduce costs and then earn a profit at what had previously been the break even price.
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
MARCH 25, 2024
What is Price Leadership? Price leadership is a situation in which one company, usually the dominant one in its industry, sets prices which are closely followed by its competitors. This firm is usually the one having the lowest production costs , and so is in a position to undercut the prices charged by any competitor who attempts to set its prices lower than the price point of the price leader.
Accounting Tools
MARCH 25, 2024
What is Absorption Pricing? Absorption pricing is a method for setting prices, under which the price of a product includes all of the variable costs attributable to it, as well as a proportion of all fixed costs. This is a variation on the full cost plus pricing concept, in that the full cost is charged to a product, but profit is not necessarily factored into the price (though it is likely to be).
Accounting Tools
MARCH 25, 2024
What is Bond Retirement? A bond retirement occurs when an organization repurchases bonds that it had previously issued to investors. There are three scenarios in which a bond retirement can occur, which are as follows: Maturity date arrives. A bond retirement may occur when bonds reach their scheduled maturity dates , in which case the issuer is obligated to retire them.
Accounting Tools
MARCH 25, 2024
What is Current Cost? Current cost is the cost that would be required to replace an asset in the current period. This derivation would include the cost of manufacturing a product with the work methods, materials, and specifications currently in use. The concept is used to generate financial statements that are comparable across multiple reporting periods.
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Developing a consistent month-end close doesn’t need to be a mystery. We’re sharing our top 10 secrets (plus one bonus!) for streamlining your close.
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