Insightful Accountant

JUNE 7, 2023

Murph takes one of his second look at a payroll program designed for accountants, bookkeepers and consultants wanting to offer payroll to their clients.

Payroll 104

Payroll Account Bookkeeping Bookkeeping Accounting 104

CSI Accounting & Payroll

JUNE 7, 2023

Small business owners often overlook the importance of a good accountant until they find themselves crunching numbers at the end of a long day. This is a reality for most small businesses, but there comes a time when the owner or their administrative staff can't keep up and need professional help. Even if you already work with an accountant for your annual taxes, did you know there's another accounting solution that's much more affordable than hiring in-house help?

Tax 94

Tax Accounting Accounting Payroll 94

Accounting Tools

JUNE 7, 2023

Related Courses Bookkeeper Education Bundle Bookkeeping Guidebook Closing the Books Posting in accounting is when the balances in subledgers and the general journal are shifted into the general ledger. Posting only transfers the total balance in a subledger into the general ledger, not the individual transactions in the subledger. An accounting manager may elect to engage in posting relatively infrequently, such as once a month, or perhaps as frequently as once a day.

General Ledger 75

General Ledger Accounting Accounting Financial Statements 75

Ace Cloud Hosting

JUNE 7, 2023

What has DNA got to do with accounting. DNA holds within it a secret of resilience and sustainability, constantly evolving over time. The same way, accounting firms must also move.

QuickBooks 52

QuickBooks Accounting Accounting 52

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

Accounting Tools

JUNE 7, 2023

Related Courses Corporate Finance The Interpretation of Financial Statements Treasurer's Guidebook What is Financial Leverage? Financial leverage is the use of debt to buy more assets. Leverage is employed to increase the return on equity. However, an excessive amount of financial leverage increases the risk of failure, since it becomes more difficult to repay debt.

Corporate Finance 75

Corporate Finance Financial Statements Tax Financial Analysis 75

Future Firm

JUNE 7, 2023

Do you want to improve your recruitment process? In this week’s podcast episode, I discussed the step you have to include in order to get the best candidates who will elevate your firm. Listen below. 0:31 – Low performers will hinder your firm’s progress, whereas high-performing team members can help eliminate bottlenecks and significantly enhance your business’s capacity. 1:06 – Integrating a skill test into your recruitment process is a crucial step, typically con

Accounting 52

Accounting Accounting 52

Brigade

JUNE 7, 2023

Wired South LLC is a mid-size construction company that specializes in smart technology solutions. The president of the company had been the “acting accountant” for 9 years. However, in 2021 he realized that his self-taught accounting methods would not get the company where it needed to go in terms of growth and having the time, clarity and ability to focus on strategic imperatives.

Accounting 52

Accounting Accounting Accounting Software Invoicing 52

Accounting Tools

JUNE 7, 2023

Related Courses Accountants' Guidebook GAAP Guidebook How to Audit Liabilities A reader asks, "How do you handle disputed short-term liabilities? Would you record an expense, even though it will probably go to litigation for resolution? Does it stay on the books until an actual resolution is reached?" When to Recognize a Loss Contingency This is known as a loss contingency.

Financial Statements 75

Financial Statements Auditing Accounting Accounting 75

Bookkeeping Express

JUNE 7, 2023

The accounting landscape has undergone rapid transformation in the last decade, especially with the rise of cloud computing and the proliferation of “apps” designed to simplify and integrate financial processes for business owners and their bookkeepers. The unexpectedly rapid advancement of artificial intelligence accelerated that transformation even further over the last year.

Bookkeeping 52

Bookkeeping Computation Accounting Accounting 52

Accounting Tools

JUNE 7, 2023

Related Courses Budgeting Capital Budgeting What is Capital Budgeting? Capital budgeting is the process that a business uses to determine which proposed fixed asset purchases it should accept, and which should be declined. This process is used to create a quantitative view of each proposed fixed asset investment, thereby giving a rational basis for making a judgment.

Budgeting 75

Budgeting 75

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.

Economize

JUNE 7, 2023

This guide highlights the 20 best Google Cloud Platform (GCP) cost optimization tools available in 2023. Each tool provides unique features, from granular cost visibility and predictive analytics to automated recommendations and cost governance. Whether you're a small business or a global enterprise, these tools can help you gain better control over your GCP costs, align your cloud spending with business value, and maximize your cloud investment.

Computation 52

Computation 52

Accounting Tools

JUNE 7, 2023

Related Courses Bookkeeper Education Bundle Bookkeeping Guidebook What is an Account? An account can have several meanings in the accounting profession. They are noted below. Account Record An account can be the record in a system of accounting in which a business records debits and credits as evidence of accounting transactions. Thus, the accounts receivable account stores information about billings to customers, as well as reductions of those billings due to payments from customers.

General Ledger 75

General Ledger Accounting Accounting Accruals 75

CloudZero

JUNE 7, 2023

As a Kubernetes environment becomes more complex, it can become harder to manage. You can reduce that overwhelm by organizing your resources in a way that makes them easier to group, filter, and track.

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Accounting Tools

JUNE 7, 2023

Related Courses Fixed Asset Accounting How to Audit Fixed Assets What is Accelerated Depreciation? Accelerated depreciation is the depreciation of fixed assets at a faster rate early in their useful lives. This type of depreciation reduces the amount of taxable income early in the life of an asset, so that tax liabilities are deferred into later periods.

Financial Analysis 75

Financial Analysis Record Keeping Tax Auditing 75

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Accounting

Insightful Accountant

JUNE 7, 2023

See why the Sterling Marketing Group's Karen Tiber Leland says the answer most experts give is no.

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Accounting Tools

JUNE 7, 2023

Related Courses Activity-Based Costing Cost Accounting Fundamentals What are Fixed Costs? A fixed cost is a cost that does not increase or decrease in conjunction with any activities. Thus, a business will incur fixed costs even when there is no business activity. Examples of fixed costs are rent, insurance, depreciation , salaries, and utilities. What are Variable Costs?

Cost Accounting 75

Cost Accounting Accounting Accounting 75

Intuit

JUNE 7, 2023

As a leading payroll provider for small and medium businesses (SMBs), Intuit knows how valuable payroll data is to them. However, the payroll ecosystem is highly fragmented with close to 6,000 total payroll providers. On top of that, most of these systems run on legacy software stacks that don’t easily share data. Companies who need data from these systems—such as 401k/benefits providers or HR tools—must rely on individual integrations and manual data transfers with every payroll system their cu

Payroll 246

Payroll QuickBooks Tax 246

Accounting Tools

JUNE 7, 2023

Related Courses Construction Accounting Contract Management What is Contract Costing? Contract costing is the tracking of costs associated with a specific contract with a customer. For example, a company bids for a large construction project with a prospective customer, and the two parties agree in a contract for a certain type of reimbursement to the company.

Billing 75

Billing Accounting Accounting Cost Accounting 75

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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.

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NACM

JUNE 7, 2023

NACM's Professional Certification Program helps credit professionals advance in their career through the earning of a designation. It is through this certification program that credit professionals can become well-rounded with a variety of skills and make a positive impact in their company.Jennifer Goetz, CCE, finance manager, customer receivables.

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Accounting Tools

JUNE 7, 2023

Related Courses Activity-Based Costing Cost Accounting Fundamentals What is a Cost Allocation? Cost allocation is the process of identifying, aggregating, and assigning costs to cost objects. A cost object is any activity or item for which you want to separately measure costs. Examples of cost objects are a product, a research project, a customer, a sales region, and a department.

Cost Accounting 75

Cost Accounting Financial Reporting Tax Accounting 75

Nanonets

JUNE 7, 2023

While Chat-GPT may be able to pass the CPA exam and generate incredible walls of text, true AI automation looks different (and isn’t as straightforward as a 1-line prompt). Introduction There is simply no escaping the fact that AI is the most talked about topic on the internet in 2023. Chat-GPT, the popular chat-based interface for exploring the LLM (Large Language Model) capabilities developed by OpenAI, was released to the public earlier in the year.

Accounts Payable 52

Accounts Payable Accounts Payable AP General Ledger 52

Accounting Tools

JUNE 7, 2023

Related Courses Accounting Changes and Error Corrections What is a Prior Period Adjustment? There are two types of prior period adjustments. The first is a correction of an error in the financial statements that was reported for a prior period. The second type of prior period adjustment was caused by the realization of the income tax benefits arising from the operating losses of purchased subsidiaries before they were acquired.

Financial Statements 74

Financial Statements Account Reconciliation Tax Accounting 74

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.

Nanonets

JUNE 7, 2023

While Chat-GPT may be able to pass the CPA exam and generate incredible walls of text, true AI automation looks different (and isn’t as straightforward as a 1-line prompt). Introduction There is simply no escaping the fact that AI is probably the most talked about topic on the internet in 2023. Chat-GPT, the popular chat-based interface for exploring the LLM (Large Language Model) capabilities developed by OpenAI, was released to the public earlier in the year.

Accounts Payable 52

Accounts Payable Accounts Payable AP Accounting 52

Accounting Tools

JUNE 7, 2023

Related Courses The Interpretation of Financial Statements The Statement of Cash Flows What is Net Cash Flow? Net cash flow is the amount of cash generated or lost over a specific period of time, usually over one or more reporting periods. This concept is used to discern the short-term financial viability of a business, which is considered to be its ability to generate cash.

Accruals 73

Accruals Financial Statements Accounting Accounting 73

NACM

JUNE 7, 2023

? NACM's Credit Managers' Index (CMI) slipped 1.6 points in May to 52.2—nearly erasing three months of improvement. This indicates the economy could collapse under the mounting pressure of lingering debt ceiling issues, interest rate hikes and continued stress in the banking sector, said NACM Economist Amy Crews Cutts.? Hear more on today's episode.

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Accounting Tools

JUNE 7, 2023

Related Courses Business Ratios Guidebook The Income Statement The Interpretation of Financial Statements What is the Operating Profit Margin? The operating profit margin is the earnings that a business generates from its operating activities. It reveals the financial viability of the core operations of a business before any extraneous financial or tax-related effects.

Financial Statements 40

Financial Statements Tax Financial Analysis 40

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

Nanonets

JUNE 7, 2023

Looking to automate manual processes? Try Nanonets for free. Create custom workflows to automate manual processes in 15 minutes. No credit card is required. Start your free trial Managing multiple business processes is a time-consuming job that takes away valuable time that could be spent doing productive work. As a result, businesses are trying to find ways to process more work with the same resources.

Collections 52

Collections Invoicing Auditing Customer Service 52

Accounting Tools

JUNE 7, 2023

Related Courses Small Business Tax Guide What is the Cash Method of Accounting? The cash method of accounting requires that sales be recognized when cash is received from a customer, and that expenses are recognized when payments are made to suppliers. This is a simple accounting method, and so is attractive to smaller businesses. It is possible under the cash method to alter reported earnings, which is why the IRS is suspicious of its use (though the IRS still allows it).

Accounting 40

Accounting Accounting Accruals Tax 40

Accounting Tools

JUNE 7, 2023

Related Courses Constraint Management New Manager Guidebook What is Constraint Analysis? Constraint analysis focuses on the bottlenecks within an organization. Under this viewpoint, a manager should only focus on maximizing the utilization of a bottleneck, since the bottleneck controls the overall profitability of the business. Focusing on any other aspect of the business has no impact on profits.

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Accounting Tools

JUNE 7, 2023

Related Courses Budgeting Capital Budgeting The Income Statement What is a Budgeted Income Statement? The budgeted income statement contains all of the line items found in a normal income statement , except that it is a projection of what the income statement will look like during future budget periods. It is compiled from a number of other budgets, the accuracy of which may vary based on the realism of the inputs to the budget model.

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Budgeting Financial Statements Accounting Software Accounting 40

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