Accounting Today
FEBRUARY 5, 2024
Clients will want to use you when you become their trusted advisor and they think of calling you before they do anything that might impact their business, financial security or growth.
Counto
FEBRUARY 5, 2024
2024 GST Rate Change – Common Questions Asked Singapore implemented its second GST rate change on 1st January 2024, and the transition from an 8% GST rate to a 9% rate posed several questions and considerations for businesses. In this blog post, we will address some of the most common questions surrounding this GST rate change and provide insights on how to navigate them effectively. 1.
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Accounting Today
FEBRUARY 5, 2024
PwC US has elected Paul Griggs as its next senior partner, succeeding Tim Ryan after Ryan retires on June 30.
finout
FEBRUARY 5, 2024
Explore the differences between K3s and K8s to choose the right container orchestration solution. Discover which suits your needs best in this dynamic container orchestration world.
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
FEBRUARY 5, 2024
The IRS is pushing back payment and filing deadlines for those impacted by storms and flooding in Maine.
Insightful Accountant
FEBRUARY 5, 2024
Murph says, "if you have multi-entity clients using QuickBooks Desktop or Online, you need to take an hour out of your busy schedule to attend this 'free' webinar.
Financial Ops World brings together the best financial operations content from the widest variety of thought leaders.
Accounting Tools
FEBRUARY 5, 2024
What are the Accounts Payable Controls? Accounts payable controls are used to mitigate the risk of losses in the payables function. Payables controls are aggregated into three general categories, which are verifying the obligation of the business to pay, entering the payables data into the computer system, and paying suppliers. The controls are described below.
Accounting Today
FEBRUARY 5, 2024
The gift outlays — and the many rules and potential duties tied to them — can affect clients' long-term trail toward RMDs, Roth IRAs, the FAFSA and other areas.
Ace Cloud Hosting
FEBRUARY 5, 2024
Tax season is the annual extravaganza that sends shivers down the spines of accountants and ordinary folks alike. As the tax deadline approaches, the stress levels skyrocket, and what better.
Accounting Today
FEBRUARY 5, 2024
The Top 25 Firm based in New York has added a firm headquartered in Wakefield, Massachusetts, expanding Marcum's government client base in New England.
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.
Insightful Accountant
FEBRUARY 5, 2024
Changes to the AICPA Statements on Standards for Tax Services (SSTS) are potentially impacting CPAs. While these changes do not govern EAs and other tax preparers, CPAs who offer even a small amount of tax services should be paying attention.
Accounting Today
FEBRUARY 5, 2024
The American Institute of CPAs has sent a letter to the Treasury Department and the Internal Revenue Service asking them to postpone the effective date of their final regulations on donor-advised funds.
Insightful Accountant
FEBRUARY 5, 2024
If you are a ProAdvisor participating in the ProAdvisor Awards process and find yourself unable to continue or change your Formal Application because you can't find the link to reopen it, this article is for you.
Accounting Today
FEBRUARY 5, 2024
ADM shook the commodity world last month after it suspended CFO Vikram Luthar and cut its earnings outlook pending an outside counsel inquiry into its accounting practices involving its troubled nutrition segment.
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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!
Ace Cloud Hosting
FEBRUARY 5, 2024
The media and entertainment world is exploding and content creators are under fire! Streaming wars, platform shifts, and changing audience habits. It’s a wild ride.
Accounting Today
FEBRUARY 5, 2024
Prosecutors sought a five-year prison sentence along with a fine on charges of stock-price rigging and accounting fraud.
Accounting Tools
FEBRUARY 5, 2024
What is a Commission? A commission is a fee paid to a salesperson in exchange for services in facilitating or completing a sale transaction. It is typically paid in addition to a baseline salary, though some salespeople receive no baseline salary at all. How are Commissions Calculated? A commission may be structured as a flat fee, or as a percentage of the revenue , gross margin , or profit generated by the sale.
Invoicera
FEBRUARY 5, 2024
Summary Traditional invoicing methods have limitations that hinder business growth. The blog advocates for modern invoicing software to overcome these limitations. Emphasis is placed on: Efficiency and time-saving features Invoice automation Growth and revenue enhancement Project management Security measures The blog encourages businesses to choose software aligned with their needs for data-driven success in invoicing.
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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
FEBRUARY 5, 2024
What is Fixed Manufacturing Overhead Incurred? Fixed manufacturing overhead incurred is that component of factory overhead that does not vary with production volume. A business still incurs these costs, because they are necessary to the ongoing operation of the firm’s manufacturing operations. Examples of Fixed Manufacturing Overhead Incurred Examples of fixed manufacturing overhead incurred are rent, depreciation , the salaries of production managers, and insurance for the production facility.
Accounting Today
FEBRUARY 5, 2024
The House Freedom Caucus suggested Congress pay for emergency aid to Israel by cutting funding for the United Nations, repealing the IRS expansion, rescinding the Department of Commerce "slush fund," or ending what it called climate-change tax credits.
Accounting Tools
FEBRUARY 5, 2024
What is a Contingent Asset? A contingent asset is a possible asset arising from past events and that will be confirmed only by future events not under an entity's control. The concept is used as the basis for disclosures regarding this type of asset in the notes accompanying the financial statements of an organization. The disclosure rules related to contingent assets are as follows: Do not recognize a contingent asset; only disclose it in the footnotes when an incoming payment is probable.
Gaviti
FEBRUARY 5, 2024
In this product release, Gaviti proudly introduces a suite of new features and enhancements, all aimed at transforming how businesses manage their accounts receivable. This release features the innovative Cash Application module, significant Credit Management enhancements, and the introduction of Gaviti Pay – a versatile payment gateway for streamlined, secure transactions.
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
FEBRUARY 5, 2024
What is the For Deposit Only Endorsement? The "for deposit only" endorsement is added to the back of a check in order to restrict the payment of the check to the endorser. An even more restrictive endorsement is to write the name of the account number into which the funds are to be deposited, such as "for deposit only to account 1234-123," which requires the funds to be deposited into the specified account.
Invoicera
FEBRUARY 5, 2024
When you start a new project, you need to make a plan. As the project manager, you decide how and when to reach the goals. You also figure out all the tasks your team needs to do. Did You Know? Companies that consistently complete projects under budget have 65% higher profit margins. You must put all these parts together correctly and finish on time without spending too much money.
Accounting Tools
FEBRUARY 5, 2024
What is a Collateral Trust Bond? A collateral trust bond is a bond that is secured by the issuer 's own security investments. These investments are deposited with a trustee, who holds them on behalf of the bond holders. If the issuing entity defaults on its bond obligation, the bond holders receive the securities held by the trustee. This arrangement is needed when investors suspect that a bond issuer’s financial situation is so weak that it will be unable to pay interest or redeem bonds at thei
Accounting Tools
FEBRUARY 5, 2024
What is a Reverse Lockbox? Under a reverse lockbox arrangement, suppliers are instructed to send their invoices to a company's bank, which digitizes the invoices and forwards them to the company's accounts payable system through an online interface. The company then flags the approval status of each invoice and transmits this information back to the bank, which pays the invoices when their payment terms indicate that they are due for payment.
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
FEBRUARY 5, 2024
What are Mintzberg’s Managerial Roles? Mintzberg’s managerial roles are based on the concept that managers are engaged in interpersonal, informational, and decisional roles. The most competent managers are able to fulfill the requirements of all three roles. The least competent managers likely have weaknesses in one or more of these areas. At the highest possible level, Mintzberg held that an effective manager was one who got things done.
Accounting Tools
FEBRUARY 5, 2024
What is a Capital Asset? A capital asset is property that is expected to generate value over a long period of time. It is expected to be used for at least one year, and is not expected to be sold to a firm’s customers in the normal course of business. Capital assets form the productive base of an organization. In asset -intensive industries, companies tend to invest a large part of their funds in capital assets.
Accounting Tools
FEBRUARY 5, 2024
What is an Invoice? An invoice is a document submitted to a customer, identifying a transaction for which the customer owes payment to the issuer. It provides documentation and a reminder to the customer that it owes the seller the amount stated on the invoice. It may be issued on paper or in an electronic format. The Problem With a Missing Invoice Number The main identifier used to track any supplier invoice is the invoice number.
Accounting Tools
FEBRUARY 5, 2024
What is a Cash-Generating Unit? A cash-generating unit is a concept used within the International Financial Reporting Standards accounting framework to analyze assets for impairment. It is the smallest group of assets that independently generates cash flow and whose cash flow is largely independent of the cash flows generated by other assets. Without the cash-generating unit concept, it would be excessively difficult to determine the cash flows associated with individual assets for an impairment
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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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