Making the (use) case for AI
Accounting Today
MAY 6, 2024
Accounting firms that have embraced artificial intelligence are primarily using it to analyze documents, automate tasks and bolster client communication.
Mon.May 06, 2024
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Greg Johnson returns to Intuit as EVP, Chief Commercial Officer and Global Small Business Self Employed Group Chief Revenue Officer
Intuit
MAY 6, 2024
Greg Johnson, has returned to Intuit as EVP, Intuit Chief Commercial Officer and Global Small Business Self Employed Group Chief Revenue Officer. In his Chief Commercial Officer role, Greg will partner across Intuit brands to accelerate Intuit’s commercial growth strategy. This will include customer-back segmentation, product lineup, pricing, and go-to-market activities, as well as brand, marketing and communications for the company.
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AI's critical role in enhancing cybersecurity
Accounting Today
MAY 6, 2024
Among the concerns of using AI in accounting are the potential risks to the security and privacy of data.
Will AI Replace Accountants? (Find The Answer)
Ace Cloud Hosting
MAY 6, 2024
Will AI replace accountants in near future? It’s a question on many minds. The world is evolving fast, especially with technology. As someone in accounting, you’re probably curious about what.
Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future
Speaker: Joe Wroblewski, Sales Engineer Manager
Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te
Accountants share how they're using AI
Accounting Today
MAY 6, 2024
What exactly are accountants doing with artificial intelligence? Turns out, a lot.
Navigating Debt Collection Challenges in the Tech Industry
Enterprise Recovery: Accounts Receivable
MAY 6, 2024
The tech industry is known for its rapid growth and innovation but faces unique challenges regarding debt collection and non-paying clients. Understanding the intricacies of debt collection in this sector is essential for companies to recover payments and maintain financial stability. Learn more about the complexities of debt collection within the tech industry and the strategies for successful payment recovery.
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2024’s Leading Contractor Invoicing Software: Streamlining Construction Billing
Invoicera
MAY 6, 2024
Introduction Ever spent hours buried in spreadsheets, manually creating invoices and chasing down payments? You’re not alone. A recent study found that 60% of contractors spend more than 5 hours per month on manual invoicing tasks. That’s valuable time that could be better spent focusing on what you do best: building and delivering exceptional projects.
PCAOB warns about auditing commercial real estate
Accounting Today
MAY 6, 2024
The Public Company Accounting Oversight Board released a report highlighting special auditing considerations in the commercial real estate market, at a time when many office buildings have lost tenants due to remote work and empty space has grown.
AI's 'Killer Function': Personal Agents That Work for You
Blake Oliver
MAY 6, 2024
Sam Altman says that helpful agents will be AI's "killer function," integrating deeply into our lives and acting as extensions of ourselves. It sounds like science fiction, but you can start doing this now!
IRS needs to do more on 'Lifting Communities Up'
Accounting Today
MAY 6, 2024
The Internal Revenue Service is falling short on its initiative to expand jobs, services, and assistance to taxpayers in underserved populations in the Mississippi Delta, according to a new report.
Live Demo - Supercharge your Month End Close
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Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i
Monday Minute | QB Live Expert Assisted Bookkeeping: The Why
Insightful Accountant
MAY 6, 2024
Intuit has recently announced a new service called QB Live Expert Assisted Bookkeeping. However, this move has understandably sparked mixed reactions within the accounting community. Read more about it!
Buffett says US corporate taxes likely to rise to tame deficit
Accounting Today
MAY 6, 2024
U.S. taxes are likely to rise as lawmakers look to narrow the federal deficit, Warren Buffett said, as Washington prepares for major tax negotiations next year.
A Complete Guide to BlackLine Account Reconciliation
Nanonets
MAY 6, 2024
Spreadsheets like Excel have long been a staple for account reconciliation , but their limitations are becoming increasingly evident. Issues such as version control, formula errors, and manual data entry pose significant risks to accuracy and efficiency. According to the ACCA, over 90% of spreadsheets have significant errors , despite over 90% of spreadsheet users being confident in the accuracy of their spreadsheets.
Massachusetts eyes mansion tax to fund affordable housing
Accounting Today
MAY 6, 2024
Governor Maura Healey's $4 billion housing bond bill, the state's biggest-ever investment in its residential stock, includes a provision allowing cities to impose a transfer fee of 0.5% to 2% on property sales exceeding $1 million.
Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback
Advertiser: Paycor
Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.
What Is General Ledger Reconciliation?
Nanonets
MAY 6, 2024
General Ledger Reconciliation The General Ledger (GL) is a silent custodian of a company's financial narrative. It is a record of all financial transactions of an enterprise and provides a comprehensive account of the organization's monetary activities. However, the GL is not the sole repository of financial data. Businesses maintain a multitude of other financial documents, including bank statements, invoices , bills, cash payment receipts, and more.
How a 'tax overlay manager' can outsource tasks and boost returns
Accounting Today
MAY 6, 2024
As one of many providers of the existing and expanding capabilities, Envestnet is urging more financial advisors to consider after-tax optimization.
BONUS | Embracing AI: Insights for International Management Accounting Day
IMA's Count Me
MAY 6, 2024
Celebrate International Management Accounting Day with a special episode of the Count Me In Podcast, featuring an enlightening discussion between two esteemed guests: Travis Willard , Senior Vice President of Product and Innovation at IMA, and Susie Duong , Director of Research at IMA, bringing unique perspectives on the integration of AI into accounting and finance.
M&A roundup: Marcum, Ascend and RKL expand
Accounting Today
MAY 6, 2024
Marcum acquired Croskey Lanni; Ascend added Blackman & Sloop and TSS; and RKL eSolutions bought Techware.
Your Accounting Expertise Will Only Get You So Far: What Really Matters
Speaker: Victor C. Barnes, CPA, MBA
In the climb from contributor to leader, the rules quietly change. If you’re aiming for the summit, the air gets thinner—and what got you here won’t be enough to get you to the top (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level.
ABC analysis definition
Accounting Tools
MAY 6, 2024
What is ABC Analysis? ABC analysis is used to categorize items into three classifications, based on activity levels. The concept is most commonly applied to inventory , where the "A" classification identifies high-usage items, the "B" classification identifies medium-usage items, and the "C" classification identifies low-usage items. This breakdown can then be used to exercise high levels of monitoring over "A" classification inventory, and the least monitoring over "C" classification inventory.
Trump Media's accounting firm accused of fraud, fined $14M
Accounting Today
MAY 6, 2024
BF Borgers CPA PC and its founder, Benjamin Borgers, will be permanently suspended from practicing and appearing as accountants before the SEC.
Derivative instruments definition
Accounting Tools
MAY 6, 2024
What are Derivative Instruments? A derivative is a financial instrument that has the following characteristics: It is a financial instrument or a contract that requires either a small or no initial investment; There is at least one notional amount (the face value of a financial instrument, which is used to make calculations based on that amount) or payment provision; It can be settled net, which is a payment that reflects the net difference between the ending positions of the two parties; and It
Trump Media earnings delay expected after auditor barred by SEC
Accounting Today
MAY 6, 2024
Investors waiting for an update of how Donald Trump's media startup is faring will have to wait a bit longer — months by some accounts — before getting a look at financial results.
The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It
Speaker: Kim Beynon, CPA, CGMA, PMP
The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.
Program evaluation and review technique (PERT)
Accounting Tools
MAY 6, 2024
What is the Program Evaluation and Review Technique? The program evaluation and review technique (PERT) is used to manage a project. It identifies every task associated with a project, the time required to complete each one, and the dependencies between tasks. The result is a network diagram, known as a PERT chart, that clarifies where the critical path is located in a project.
Operating cash flow ratio definition
Accounting Tools
MAY 6, 2024
What is the Operating Cash Flow Ratio? The operating cash flow ratio measures the ability of a business to pay for its current liabilities from its reported operating cash flows. The best-case scenario is when the ratio reveals operating cash flows that are several multiples of the liabilities that must be settled. Conversely, a low ratio indicates that cash flows may not be sufficient to settle all obligations as they come due, which could indicate an impending solvency issue.
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