Tue.Oct 17, 2023

article thumbnail

IRS to offer free direct file online tax system in 13 states

Accounting Today

The Internal Revenue Service plans to run a limited pilot test of its free online tax system in 13 states next tax season, but it will only support certain tax credits.

Tax 351
article thumbnail

2023 Xero Awards Canada Winners

Xero

Back in July, we announced the launch of the first-ever Xero Awards in Canada. This initiative celebrates Xero’s valued accountants, bookkeepers, and app partners by putting them in the spotlight and recognizing their commitment to excellence and ongoing support of the small business sector. Thank you to each and every one of you who took the time and commitment to submit an entry.

XERO 216
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Younger accountants more likely to leave employers

Accounting Today

Young accounting and finance professionals have been seeing the highest turnover over the past two years and are most likely to leave their current jobs over the next year, according to a new report.

article thumbnail

Excelling in AP Management through Automation with AP Leader Caroline Adams

Cevinio

Excelling in AP Management through Automation with AP Leader Caroline Adams In this interview with Caroline Adams, an accomplished AP leader, we ask her a series of questions about AP management, the influence of automation, and the journey toward modern AP processes. Discover her valuable insights. Introduction In the past years, the role of Accounts Payable (AP) has undergone a profound transformation.

AP 130
article thumbnail

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.

article thumbnail

U.S. companies to face digital services taxes, Yellen says

Accounting Today

Treasury Secretary Janet Yellen indicated the U.S. will be unable to sign a treaty on global tax rules in time to uphold a deal that prevents other countries from imposing new levies on some of the largest American tech companies.

Tax 286
article thumbnail

NetSuite Extends Analytics Warehouse

Insightful Accountant

By extending Analytics Warehouse, NetSuite hopes to help customers gain greater and faster value from their data. Companies are using the newly enhanced AI-powered features of NSAW to simplify data management and access greater insights.

107
107

More Trending

article thumbnail

How Much Does Capital One Spend On AWS?

CloudZero

Capital One offers a variety of financial products, such as credit cards, financial accounts, and auto financing. Now, Capital One might appear as a leading financial institution. But it views itself as a technology company that provides financial services — rather than a financial services company that uses technology.

article thumbnail

IRS proposes to change rules for sales of seized property

Accounting Today

IRS proposes to change tax rules for sales of seized property

Tax 294
article thumbnail

Cash Flow Forecasting

Tipalti

Cash flow forecasting related to an opportunity is used to make business decisions about potential projects evaluated using financial analysis methods like net present value (NPV) and internal rate of return (IRR).

article thumbnail

Client gifts that always deliver

Accounting Today

Don't underestimate the power of sending something that's tangible in this digital age — something that someone can hold and touch.

188
188
article thumbnail

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.

article thumbnail

Oracle NetSuite Embeds Generative AI within the Suite

Insightful Accountant

Oracle NetSuite's new generative AI-powered capabilities help finance and accounting, supply chain and operations, HR, sales and marketing, and customer support teams streamline business processes.

article thumbnail

Adler finds small auditor to vet results after long search

Accounting Today

The real estate company has been trying to hire a new auditor since its previous one, KPMG, quit in May last year.

Auditing 171
article thumbnail

Construction Industry Trends for 2024

AvidXchange

A shifting workforce, economic uncertainty, supply chain challenges and rising costs are forcing a transformation in the construction industry. Businesses are working to keep pace as industry dynamics fluctuate. As a result, many construction firms are turning to technology to create efficiencies and support changes within the organization. AvidXchange conducted a 2024 Trends Survey in September 2023 to learn more about trends impacting finance departments and how leaders are addressing them.

article thumbnail

How controllers expect talent needs to change in the next five years

Accounting Today

As more technology becomes embedded in the controllership, corporate controllers must rethink the talent composition of their teams.

141
141
article thumbnail

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!

article thumbnail

What is an Early Payment Discount?

Nanonets

Accounts Payable teams have an incentive to delay payments until the last acceptable dates. This allows for a high cashflow and treasury management. However, this isn't universally true. Long cash conversion cycles and cashflow constraints can be a bottleneck for various vendors. They provide early payment discounts to customers to improve their cashflow.

article thumbnail

Stick with high standards — and 150 hours

Accounting Today

Dropping the bar to entry isn't the answer to accounting's pipeline problem, writes Rick David.

article thumbnail

Stampli vs BILL

Tipalti

How do Stampli vs BILL stack up to each other as major players in the accounts payable automation space? And is there a superior alternative to both? Read on.

Billing 52
article thumbnail

In the blogs: Totally unacceptable

Accounting Today

War and relief; the gap; partner pay; and other highlights from our favorite tax bloggers.

Tax 136
article thumbnail

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.

article thumbnail

Public Companies and Cyber Breaches

Insightful Accountant

FoxPointe Solutions' Christopher Salone explains what your public company clients should know about the new SEC cyber material rules

52
article thumbnail

AP Automation for Intacct

Tipalti

Which AP automation solutions are Sage Intacct customers choosing today? Learn about the top-rated Intacct ERP integrations for streamlining AP processes.

AP 40
article thumbnail

Live From SuiteWorld 2023 – Today's Opening Announcements

Insightful Accountant

Several new NetSuite enhancements and capabilities were announced today at 'SuiteWorld 2023' in Las Vegas.

52
article thumbnail

Member Spotlight: Determination to Learn More

NACM

Credit professionals in the B2B industry are in an everchanging world where they are always expected to adapt. But one consistent factor in growing as a credit professional is ongoing knowledge from educational opportunities. NACM's Professional Certification Program gives credit professionals an opportunity to expand their knowledge and wisdom to.

5
article thumbnail

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.

article thumbnail

Israel War Impact on Fintech | FTX & Trump Trial Updates | Iowa Blames Workday

Cloud Accounting Podcast

There’s a lot to digest in this episode! Blake and David discuss Microsoft's $28.9 billion tax bill, and examine a tax-fraud scheme involving art donations. JPMorgan Chase CEO Jamie Dimon predicts that AI advancements will create a shorter workweek in the future. They also look at Xero’s newest features, including improved algorithms for recognizing new contacts and bank reconciliation statements, and talk about Grant Thornton's implementation of Git Assist, an AI tool for accessing internal kno