Mon.Aug 28, 2023

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Firms rehiring 'boomerang' employees to build ranks

Accounting Today

Accounting firms have been facing problems in filling their open positions as the number of new accountants declines, and one solution may involve rehiring past employees.

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Key MLOps processes (part 1): Experimentation, or the process of conducting experiments

FinOps in Practice

The main parts of the scheme, which describes key MLOps processes, are horizontal blocks, inside of which the procedural aspects of MLOps are described (they are assigned letters A, B, C, D). Each of them is designed to solve specific tasks within the framework of ensuring the uninterrupted operation of the company’s ML services. To understand the scheme better, it would be good to start with Experimentation.

FinOps 130
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IRS processed most Recovery Rebate Credits correctly, but some problem persist

Accounting Today

The Internal Revenue Service correctly calculated the allowable Recovery Rebate Credit for the vast majority of 2021 tax returns, but some erroneous payments were made, according to a new report.

Tax 237
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Celebrate Labor Day by Making AP Less “Laborious”

AvidXchange

Labor Day is the unofficial end to summer for many. A last chance to enjoy the pool and regroup as children begin a new school year. For business finance staff, it’s a respite prior to the Q4 push. This year, in addition to relaxing with family and friends, we think Labor Day should be a time to reflect on how to make your job less “laborious.” And it just so happens our 2023 AP Career Satisfaction Survey results have some tips on how to do just that.

AP 98
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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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.

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Accounting firm owners band together to end late client payments

Accounting Today

Dozens of firms have signed onto an initiative to stop underselling the worth of accountants and collect payments on time from clients.

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Top 100 2024 Certification Clues: QuickBooks Enterprise

Insightful Accountant

Murph clues you in to the advantages of possessing a QuickBooks Desktop Enterprise ProAdvisor Certification.

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Acquisition valuation methods

Accounting Tools

Related Courses Business Combinations and Consolidations CPA Firm Mergers and Acquisitions Divestitures and Spin-Offs Mergers & Acquisitions How to Value an Acquisition Target Acquisition valuation involves the use of multiple analyses to determine a range of possible prices to pay for an acquisition candidate. There are many ways to value a business, which can yield widely varying results, depending upon the basis of each valuation method.

CPA 75
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Art of Accounting: Advising clients who lack a buy-sell agreement

Accounting Today

Buy-sell agreements provide some calm during an upsetting period.

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Bargaining Power of Suppliers

Tipalti

The bargaining power of suppliers is one of Porter’s Five Forces, and is the concept that suppliers can apply pressure to companies by lowering product quality or availability, or raising product prices.

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Are your clients putting you at risk?

Accounting Today

In absence of secure systems that clients and staff will use, horror stories abound.

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Predictions You Can Rely On: How Data Drives Successful Financial Forecasting

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.

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TPN Tax Talks: Tax Breaks From Qualified Opportunity Zones

Insightful Accountant

Join us for the September edition of 'TPN's Tax Talks,' where Tax Practice News' Christine Gervais will show you how to re-examine your approach to tax planning. Sign up here for the Sept. 23 webinar.

Tax 52
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Top Cloud Cost News From This Summer 2023

CloudZero

Have your SaaS costs been fluctuating recently? The latest cloud cost news may help you anticipate where the winds will shift in the near future.

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How to calculate piece rate pay

Accounting Tools

Related Courses How to Audit Payroll Optimal Accounting for Payroll Payroll Management Piece Rate Pay Overview A piece rate pay plan can be used by a business that wants to pay its employees based on the number of units of production that they complete. Using this type of pay plan converts compensation into a cost that directly varies with sales , assuming that all produced goods are immediately sold.

Payroll 40
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The Top Five Limitations of QuickBooks vs. Sage Intacct

Outsourced Bookeeping

QuickBooks is an easy-to-use accounting software that automates accounting tasks like bookkeeping, invoicing, time tracking, expense tracking, and inventory tracking. It is considered to be the best accounting software for small businesses. QuickBooks offers a variety of accounting and finance opportunities to small businesses with its immediate tools, such as QuickBooks Payroll, QuickBooks Commerce, QuickBooks Online, QuickBooks Live, QuickBooks Payment, and QuickBooks Time.

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Your New & Improved Month-End Close Process Is Not So Far Out of Reach!

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!

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Accounts receivable financing

Accounting Tools

Related Courses Corporate Finance Crowdfunding Treasurer's Guidebook What is Accounts Receivable Financing? Accounts receivable financing involves the sale of one’s accounts receivable in exchange for a working capital loan. Receivables are considered a highly liquid asset, and so are one of the best forms of collateral for loans. The amount loaned is somewhat less than the amount of the receivables being used as collateral, which can be up to 90% of the face value of the receivables.

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Asset purchase definition

Accounting Tools

Related Courses Business Combinations and Consolidations Divestitures and Spin-Offs Mergers and Acquisitions What is an Asset Purchase? An asset purchase occurs when an acquirer only buys the assets of an acquiree. Doing so has a number of ramifications, which are noted below. Contract Terminations If the acquirer only buys the assets of the seller, it is not acquiring any contracts with the business partners of the seller.

Tax 40
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Closing memorandum definition

Accounting Tools

Related Courses Business Combinations and Consolidations CPA Firm Mergers and Acquisitions Divestitures and Spin-Offs Mergers and Acquisitions What is a Closing Memorandum? The parties to an acquisition may want to revisit the terms of the agreement for several years after the deal has closed, if only to understand why certain terms were included in the agreement.

CPA 40
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Hostile takeover definition

Accounting Tools

Related Courses Business Combinations and Consolidations CPA Firm Mergers and Acquisitions Divestitures and Spin-Offs Mergers and Acquisitions What is a Hostile Takeover? A hostile takeover occurs when an acquirer buys another entity despite the objections of the managers of the target organization. A hostile takeover can be accomplished either through a tender offer or a proxy fight.

CPA 40
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The Definitive Guide to Spend Management

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.

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Acquisition payment methods

Accounting Tools

Related Courses Business Combinations and Consolidations CPA Firm Mergers and Acquisitions Divestitures and Spin-Offs Mergers and Acquisitions Paying for an Acquisition With Cash The form of payment generally preferred by the shareholders of the acquiree is cash. It is particularly appreciated by shareholders who are unable to sell their stock by other means, which is the case for most privately-held companies.

Tax 40
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Acquisition strategy definition

Accounting Tools

Related Courses Business Combinations and Consolidations CPA Firm Mergers and Acquisitions Divestitures and Spin-Offs Mergers and Acquisitions What is Acquisition Strategy? Acquisition strategy involves finding a methodology for the acquisition of target companies that generates value for the acquirer. The use of an acquisition strategy can keep a management team from buying businesses for which there is no clear path to achieving a profitable outcome.

CPA 40
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Tax free acquisition definition

Accounting Tools

Related Courses Business Combinations and Consolidations CPA Firm Mergers and Acquisitions Divestitures and Spin-Offs Mergers and Acquisitions What is a Tax-Free Acquisition? A tax-free acquisition is the purchase of a target company in which the recognition of a gain can be deferred. The deferral of gain recognition is of considerable importance, since it delays the payment of income taxes.

Tax 40
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Acquisition term sheet definition

Accounting Tools

Related Courses Business Combinations and Consolidations CPA Firm Mergers and Acquisitions Divestitures and Spin-Offs Mergers and Acquisitions What is an Acquisition Term Sheet? The term sheet is a brief document submitted by the acquirer to the target company , in which it states the price and conditions under which it offers to acquire the company.

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Navigating Financial Storms: Strategies for Building Resilient Balance Sheets

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.

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Acquisition purchase agreement definition

Accounting Tools

Related Courses Business Combinations and Consolidations CPA Firm Mergers and Acquisitions Divestitures and Spin-Offs Mergers and Acquisitions What is an Acquisition Purchase Agreement? The acquisition purchase agreement governs the final sale of an acquiree to an acquirer. The contents of the purchase agreement can vary significantly, depending on the legal structure of the deal (such as an asset purchase or a stock purchase) and other factors.

CPA 40
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Triangular merger definition

Accounting Tools

Related Courses Business Combinations and Consolidations CPA Firm Mergers and Acquisitions Divestitures and Spin-Offs Mergers and Acquisitions What is a Triangular Merger? In a triangular merger, the acquirer creates a wholly-owned subsidiary , which in turn merges with the selling entity. The selling entity then liquidates. The acquirer is the sole remaining shareholder of the subsidiary.

CPA 40
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Tender offer definition

Accounting Tools

Related Courses Business Combinations and Consolidations CPA Firm Mergers and Acquisitions Divestitures and Spin-Offs Mergers and Acquisitions What is a Tender Offer? A tender offer is an offer to buy some portion of the outstanding shares issued by a corporation. An acquirer may resort to a tender offer when it has made a friendly offer to management that has been turned down.

CPA 40
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Cultural issues in a merger

Accounting Tools

Related Courses Business Combinations and Consolidations CPA Firm Mergers and Acquisitions Divestitures and Spin-Offs Mergers and Acquisitions How to Deal With Cultural Issues in a Merger Corporate culture is the manner in which a company does its business. It begins with the general concept of how the senior management team wants to operate the business, and percolates down through the organization in the form of management structure, how decisions are made, policies and procedures, the types o

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Putting the ‘Tech’ in Spend Management Techniques

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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Antitrust regulations

Accounting Tools

Related Courses Business Combinations and Consolidations Divestitures and Spin-Offs Mergers and Acquisitions What are the Antitrust Regulations? There is antitrust legislation in both the United States and the European Union that prevent some acquisitions from being completed if they are expected to result in an excessive reduction of competition within an industry.