Accounting Today

JULY 15, 2024

The Internal Revenue Service could be doing a better job of cracking down on tax noncompliance by users of virtual currency or digital assets, according to a new report.

Tax 342

Tax 342

Billing Platform

JULY 15, 2024

Also referred to as yield management, revenue management can be described in extremely simplistic terms ( selling the right product, to the right customer, at the right price, through the right channel ) or defined in a more complex manner. Brought mainstream by industries like hospitality and airlines, revenue management is a discipline that combines data mining, analytics, and operations research to understand customer behavior.

Customer Service 96

Customer Service General Ledger Billing Invoicing 96

Accounting Today

JULY 15, 2024

The IRS warned about bad advice that's being peddled on social media promoting a bogus "Self Employment Tax Credit" and prompting unsuspecting taxpayers to file false claims for the credit.

Tax 325

Tax 325

Nolan Accounting Center

JULY 15, 2024

As a small business owner, you should want to improve your business operations. Indeed, every business owner should recognize that improving operating efficiency must be an ongoing endeavor. As American editor and publisher Clarence W. Barron stated, “Everything can be improved.” More pointedly, Japanese consultant Masaaki Imai said, “Not a day should go by without some kind of improvement made somewhere in the company.

Customer Service 83

Customer Service Payroll Collections Budgeting 83

Speaker: Cheryl J. Muldrew-McMurtry

Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.

Accounting Today

JULY 15, 2024

CliftonLarsonAllen CEO Jen Leary has been focusing on expanding the firm's appeal, especially to young accountants, as CLA grows its international network.

Accounting 321

Accounting Accounting 321

Enterprise Recovery: Accounts Receivable

JULY 15, 2024

Retention marketing is the practice of implementing strategies and techniques to keep existing clients engaged and loyal to your business. While acquiring new customers is important, retaining existing ones is more valuable for the long-term success of your business. By focusing on client retention, you can build strong relationships, increase customer satisfaction, and ultimately drive revenue growth.

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Accounting Tools

JULY 15, 2024

What is Goods in Transit? Goods in transit refers to merchandise and other types of inventory that have left the shipping dock of the seller, but not yet reached the receiving dock of the buyer. The concept is used to indicate whether the buyer or seller of goods has taken possession, and who is paying for transport. Ideally, either the seller or the buyer should record goods in transit in its accounting records.

Accounts Payable 76

Accounts Payable Accounts Payable Auditing Accounting 76

Accounting Today

JULY 15, 2024

Test your accounting knowledge on AI layoffs, the IRS Direct File program, and more. No. 2 pencil not required!

Accounting 200

Accounting Accounting 200

Accounting Tools

JULY 15, 2024

What are Taxation Principles? Taxation principles are the guidelines that a governing entity should use when devising a system of taxation. These principles include the following items: Broad application. The system of taxation should be spread across a broadest possible population, so that no one person or entity is taxed excessively. Instead, the entire population shares in the taxation burden.

Collections 75

Collections Tax 75

Accounting Today

JULY 15, 2024

Wolters Kluwer announced CCH Tagetik Tax Provision & Reporting, a solution offering data collection and group tax provision calculations for multinationals.

Tax 189

Tax Collections Accounting Accounting 189

Advertiser: Paycor

Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.

Accounting Tools

JULY 15, 2024

What is Profit Planning? Profit planning is the set of actions taken to achieve a targeted profit level. These actions involve the development of an interlocking set of budgets that roll up into a master budget. The management team adjusts the information in this set of budgets to arrive at the combination of actions needed to arrive at the targeted profit level.

Budgeting 75

Budgeting Computation 75

Accounting Today

JULY 15, 2024

OneStream Inc. and a group of shareholders including KKR & Co. are seeking to raise $465.5 million in a U.S. initial public offering.

Accounting Software 189

Accounting Software Accounting Accounting 189

Accounting Tools

JULY 15, 2024

What is the Provision for Doubtful Debts? The provision for doubtful debts is the estimated amount of bad debt that will arise from accounts receivable that have been issued but not yet collected. It is identical to the allowance for doubtful accounts. The provision is used under accrual basis accounting , so that an expense is recognized for probable bad debts as soon as invoices are issued to customers , rather than waiting several months to find out exactly which invoices turned out to be unc

Accounts Receivable 75

Accounts Receivable Accounts Receivable Account Receivables Accruals 75

Accounting Today

JULY 15, 2024

The combination of variable prepaid forwards with long and short equity positions outpaces the after-tax returns of a direct indexing strategy, a new study found.

Tax 140

Tax 140

Speaker: Frank Taliano

Document-heavy workflows slow down productivity, bury institutional knowledge, and drain resources. But with the right AI implementation, these inefficiencies become opportunities for transformation. So how do you identify where to start and how to succeed? Learn how to develop a clear, practical roadmap for leveraging AI to streamline processes, automate knowledge work, and unlock real operational gains.

Accounting Tools

JULY 15, 2024

What are the Basics of Cost Accounting? Cost accounting is the art of translating the costs incurred by a business into actionable analyses that can improve operations and profits. Here are several basic ways in which to use cost accounting: Activity-based costing. This is a methodology for more precisely allocating overhead costs to products and services.

Cost Accounting 73

Cost Accounting Accounting Accounting Billing 73

Insightful Accountant

JULY 15, 2024

If you missed our recent App Academy webinar, Intuit shared how to leverage ProConnect Tax solutions to streamline the workflow across Books-Income Tax-Advisory to enable you to automate compliance tasks.

Tax 59

Tax 59

Billing Platform

JULY 15, 2024

Also referred to as yield management, revenue management can be described in extremely simplistic terms ( selling the right product, to the right customer, at the right price, through the right channel ) or defined in a more complex manner. Brought mainstream by industries like hospitality and airlines, revenue management is a discipline that combines data mining, analytics, and operations research to understand customer behavior.

Customer Service 52

Customer Service General Ledger Billing Invoicing 52

finout

JULY 15, 2024

As organizations increasingly shift to cloud computing, managing cloud costs emerges as a primary concern. The flexibility and scalability of platforms like Amazon Web Services (AWS) bring significant benefits but also introduce tremendous complexity in tracking and controlling expenses. The dynamic nature of cloud billing, with its myriad of services and pricing options, often leads to unexpected costs, making it challenging for organizations to stay within budget.

FinOps 52

FinOps FinOps Computation Budgeting 52

Speaker: Claire Grosjean

Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.

Financial Reporting

Insightful Accountant

JULY 15, 2024

Why wait? Now is a perfect time to join the many ProAdvisors who have already started the 2025 ProAdvisor Awards process by nominating a fellow ProAdvisor, being nominated by a colleague or client, or applying.

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Accounting Tools

JULY 15, 2024

What is the Doomsday Ratio? The doomsday ratio is the most conservative measure of the ability of a business to pay its short-term obligations. The name is derived from the assumption that, if a business were on the verge of bankruptcy , could it still pay its bills right now? The ratio is not actually used for that purpose, but rather to determine the adequacy of the amount of cash on hand.

Financial Statements 40

Financial Statements Billing Accounting Accounting 40

Insightful Accountant

JULY 15, 2024

Janel Sykora, Kellie Parks and Christine Gervais kick of Insightful Accountant's Be Insightful membership program with CPE Webinars, Q&A sessions and actionable steps to grow your firm.

Accounting 52

Accounting Accounting 52

Accounting Tools

JULY 15, 2024

What is a Step Fixed Cost? A step fixed cost is a cost that does not change within certain high and low thresholds of activity, but which will change when these thresholds are breached. When the cost changes as a result of a threshold breach, a new set of high and low activity thresholds will then apply, within which the fixed cost will not change appreciably.

Financial Analysis 40

Financial Analysis Cost Accounting Accounting Accounting 40

Speaker: David Worrell, CFO, Author & Speaker

Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.

Financial Statements

Accounting Tools

JULY 15, 2024

What is the Bank Reconciliation Process? The bank reconciliation process involves comparing the internal and bank records for a bank account , and adjusting the internal records as necessary to bring the two into alignment. This is done to ensure that an organization’s recorded cash balance is accurate. The bank reconciliation process is usually accomplished with the bank reconciliation module in an accounting software package.

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Bank Reconciliation Deposits Reconciling Accounting Software 40

Accounting Tools

JULY 15, 2024

What is the Unit of Production Method? The unit of production method is a technique for charging capitalized costs to expense in the oil and gas industry, using the ratio of produced units to reserves. This is done by estimating the total number of units of proved oil or gas reserves and dividing actual production in the period by the beginning proved reserves to derive the amortization rate.

Computation 40

Computation Accounting Accounting 40

Accounting Tools

JULY 15, 2024

What is Wealth Maximization? Wealth maximization is the concept of increasing the value of a business in order to increase the value of the shares held by its stockholders. The concept requires a company's management team to continually search for the highest possible returns on funds invested in the business, while mitigating any associated risk of loss.

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Accounting Tools

JULY 15, 2024

What is the Equity Method? The equity method of accounting is used to account for an organization’s investment in another entity (the investee). This method is only used when the investor has significant influence over the investee. Under this method, the investor recognizes its share of the profits and losses of the investee in the periods when these profits and losses are also reflected in the accounts of the investee.

Accounting 40

Accounting Accounting 40

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

Budgeting

Accounting Tools

JULY 15, 2024

What is the Contribution Margin Ratio? The contribution margin ratio is the difference between a company's sales and variable expenses , expressed as a percentage. The total margin generated by an entity represents the total earnings available to pay for fixed expenses and generate a profit. When used on an individual unit sale, the ratio expresses the proportion of profit generated on that specific sale.

Financial Analysis 40

Financial Analysis Financial Statements Budgeting Accounting 40

Accounting Tools

JULY 15, 2024

What is the Implicit Interest Rate? An implicit interest rate is an interest rate that is not specifically stated in a business transaction. Any accounting transaction that involves a stream of payments extending over multiple future periods must incorporate an interest rate, even if there is no rate stated in the related business contract. Otherwise, the contract does not reflect the expense associated with delaying payments over a period of time, which is known as interest expense.

Financial Analysis 40

Financial Analysis Accounting Accounting 40

Accounting Tools

JULY 15, 2024

What are Asset Recognition Criteria? Asset recognition criteria are needed to determine which assets will be included in the balance sheet. When an expenditure is made, it can either be recognized as an expense or an asset , with recognition as an expense being the default presumption. Most expenditures will be recognized at once as expenses, since they reflect the immediate consumption of the underlying expenditure.

Bookkeeping 40

Bookkeeping Accounting Accounting 40