Thu.Dec 07, 2023

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SEC warns auditors about cash flow statement

Accounting Today

The Securities and Exchange Commission's chief accountant cautioned auditors and public companies about the statement of cash flows after spotting problems that could lead to a financial restatement.

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ADC Attends The 2023 Genius Network Annual Event

Accounting Department

Last week, AccountingDepartment.com Co-Founder, Bill Gerber, and Business Development Representative, Shawn Marcum hit the road and attended the Genius Network Annual Event in Scottsdale, AZ.

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Are special districts too special for meaningful financial data comparisons?

Accounting Today

Municipal bond investors and government regulators could benefit from easier access to consistent, machine-readable financial data from government bond issuers.

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Everything To Know About the AWS Cloud Practitioner Certification

ProsperOps

Cloud computing and Amazon Web Services (AWS) can be daunting. The technical jargon and growing array of AWS services can take time to master, and for newcomers, a clear structure helps the material stick. Enter the AWS Certified Cloud Practitioner certification—the first and fastest step to understanding and working with AWS. AWS offers 12 certifications across four levels: foundational, associate, professional, and specialty.

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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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Audit partners see more use of AI at public companies

Accounting Today

Nearly one-third of public companies are using artificial intelligence in their financial reporting, according to a new survey.

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What Is DevOps Automation (and How Does It Work)?

ProsperOps

Amazon Web Services (AWS) offers robust solutions that power millions of businesses. Yet, navigating the AWS ecosystem is not without its challenges. Customers often grapple with labor-intensive manual testing and inconsistencies across development and production environments. Another problem is the tug-of-war between the need for rapid deployment and the need for stability.

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Key MLOps processes (part 5): Project initiation, or project initialization

FinOps in Practice

In this article, we describe the block of the scheme, devoted to project initiation, or project initialization. Please, find the whole scheme, which describes key MLOps processes here. The main parts of the scheme are horizontal blocks, inside of which the procedural aspects of MLOps are described. Each of them is designed to solve specific tasks within the framework of ensuring the uninterrupted operation of the company’s ML services.

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Tax Fraud Blotter: Playing chicken

Accounting Today

A world view; muscle head; in the hunt; and other highlights of recent tax cases.

Tax 276
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Holiday Collection Policy Tips from the RevCycle Heroes

RevCycle

The holiday season is a time for giving and receiving. It’s also a time when many businesses experience an increase in delinquent payments. This can put a strain on your staff and increase your operating expenses. Reducing delinquent payments during the holiday season is crucial for businesses, as it can significantly impact cash flow and profitability.

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IAASB offers audit standard for less complex entities

Accounting Today

The International Auditing and Assurance Standards Board has unveiled a new standard for auditing smaller businesses and organizations.

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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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Xero Increasing Cost of US 'Cashbook' Subscriptions

Insightful Accountant

Xero will increase the cost of their 'Cashbook' subscriptions for U.S. customers effective March 4, 2024.

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Tips for using a 'medical IRA' that offers triple the tax savings

Accounting Today

More working Americans have a health savings account, but many are not using them to their fullest potential.

Tax 226
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11 Innovative Ideas for Healthcare Entrepreneurs & Startups

Invoicera

The healthcare industry is expected to cross the trillion-dollar mark soon. As per Grand View Research, the global smart healthcare industry is expected to reach a valuation of $144.9 billion in 2022 and increase at a compound annual growth rate (CAGR) of 11.3% from 2023 to 2030. As a result of the global pandemic and […] The post 11 Innovative Ideas for Healthcare Entrepreneurs & Startups appeared first on PixelCrayons.

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KPMG weighs merging UK and Swiss accounting arms to boost growth

Accounting Today

Like other accounting firms, KPMG has been battling a fall in demand for its services caused by the tougher economic climate.

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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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Small Business Laws and Rules: The Basics of Accounting Compliance

CSI Accounting & Payroll

When you own a small business, you’re only sure of two things; your business is your passion, and you want to keep its doors open. To keep your company running, you have to follow the rules. At CSI Accounting & Payroll, we’ve helped keep thousands of businesses in compliance for over 50 years. However, we can only offer guidance and suggestions.

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FreshBooks Compatibility Check: 5 Questions to Ensure It’s the Right Fit for Your Client

Outsourced Bookeeping

Picking the right accounting software matters for companies planning to handle their money well. FreshBooks is a popular choice, but it needs to match what each client needs. This guide gives five important questions to check if FreshBooks is right for a client. By thinking about these things, businesses can decide if FreshBooks is the right fit for their money-related matter. 1) How tech-savvy is your team?

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Why You SHOULD Get Into Form 1040 Services w/ Trina Rozen

Jetpack Workflow

Podcast Summary In this episode of Growing Your Firm, host David Cristello interviews Trina Rozen, owner of Trina Rozen CPA. They discuss various topics, including unique ways Trina has structured her firm, pricing strategies, making tax prep profitable, and her opinions on the coaching community. Trina shares insights on dealing with challenging clients and finding success as a solo practitioner in South Pasadena, California.

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Getting the most from a mentoring relationship

Intuit

Working with a mentor can be a powerful way to build your skills, advance your career, and develop a strong professional network. But what’s the best way to go about it? When you make a connection with a role model with time and insights to share, how do you get the most from the opportunity? In our last blog, we talked about why mentorship matters.

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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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ACH vs. Checks vs. Virtual Cards: Key Differences

MineralTree

For accounts payable (AP) teams, vendor payments are the cornerstone of business relationships. Timely, accurate, and convenient payments are not just transactions — they’re the foundation of trust and partnership. In addition to meeting supplier expectations, choosing the right payment method can significantly improve the finance department’s efficiency and productivity.

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Mastering the Art of Marketing for Your Bookkeeping Business: Proven Strategies for Success

LedgerDocs

Competition can be fierce in the world of bookkeeping. The market may be saturated with bookkeepers to choose from, so mastering the art of marketing is essential to stand out and succeed. In this comprehensive guide, we’ll explore some of the best strategies to use to promote your bookkeeping business, covering everything from understanding your target audience to utilizing paid advertising and the importance of client testimonials.