Accounting Today

JULY 14, 2023

The service plans to issue final regs related to required minimum distributions from retirement accounts in light of the SECURE 2.0 Act.

Accounting 246

Accounting Accounting Tax 246

Nanonets

JULY 14, 2023

This post is mostly going to focus on invoice OCR and invoice information extraction using OCR and deep learning. We will also touch upon what is wrong with the current state of invoice recognition OCR and information extraction in invoice processing. For a long time, we have relied on paper invoices to process payments and maintain accounts. Reconciling invoices typically involves someone manually spending hours browsing through several invoices and jotting things down in a ledger.

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Invoice Processing Invoicing Data Entry Computation 98

Accounting Today

JULY 14, 2023

The agency is also planning in-person visits to help taxpayers in underserved areas.

Tax 246

Tax 246

Accounting Tools

JULY 14, 2023

Related Courses New Manager Guidebook What is the Organic Organizational Structure? An organic organizational structure is characterized by an extremely flat reporting structure within an organization. In this organization, the span of control of the typical manager encompasses a large number of employees. Interactions among employees tend to be horizontally across the organization, rather than vertically between layers of managers and their direct reports.

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Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But 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. 🗻 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. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

Accounting

Accounting Today

JULY 14, 2023

The Internal Revenue Service is making progress on its modernization efforts after receiving billions in extra funding.

Accounting 246

Accounting Accounting Tax 246

Accounting Tools

JULY 14, 2023

Related Courses How to Conduct a Compilation Engagement How to Conduct a Review Engagement How to Conduct an Audit Engagement What is an Adverse Opinion? An adverse opinion is a statement made by an entity’s outside auditor , that the entity’s financial statements do not fairly represent its results, financial position , and cash flows. The opinion may also be issued if certain required disclosures do not accompany the financial statements, or if the entity has not prepared its financial stateme

Financial Statements 75

Financial Statements Auditing Accounting Accounting 75

Accounting Tools

JULY 14, 2023

Related Courses Accounting for Inventory How to Audit Inventory What is Net Realizable Value? Net realizable value is the estimated selling price of goods, minus the cost of their sale or disposal. It is used in the determination of the lower of cost or market for on-hand inventory items. The deductions from the estimated selling price are any reasonably predictable costs of completing, transporting, and disposing of inventory.

Accounts Receivable 75

Accounts Receivable Accounts Receivable Account Receivables Financial Statements 75

Accounting Today

JULY 14, 2023

A Dutch tax advisor who had a client list of top DJs and fashion industry figures was arrested in Italy and extradited to the U.S.

Tax 245

Tax 245

Billing Platform

JULY 14, 2023

After you’ve fulfilled your end of the transaction, you want and need to receive funds as quickly as possible; however Automated Clearing House (ACH) payments can take hours or even days to clear. In today’s digital era, waiting for funds to become available is quickly becoming a thing of the past. This is where advanced digital payments and enterprise payment solutions come into play.

Customer Service 52

Customer Service Billing Accounting Accounting 52

Accounting Today

JULY 14, 2023

An actor alleged his sister misspent his money on herself while he was under her guardianship. She's hired an accountant.

Accounting 130

Accounting Accounting 130

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.

NextProcess

JULY 14, 2023

There are a ton of business process automation (BPA) software solutions on the market. Search for “AP Automation Software,” and you’ll find hundreds of results. With so many options, how can you narrow down your choices if you want to improve your business processes? One of the biggest potential benefits of automating business processes is that the software makes it easier to create an end-to-end solution for the procure-to-pay cycle.

Budgeting 52

Budgeting Accounts Payable Accounts Payable AP 52

Accounting Today

JULY 14, 2023

IIA appoints global board chair; Schneider Downs adds seven shareholders; and more news from across the profession.

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AvidXchange

JULY 14, 2023

The AvidXchange Supplier Network helps businesses like yours get paid as quickly and securely as possible, offering real-time visibility into payment status via our self-service AvidPay Network for Supplier Portal. If you’re unfamiliar with AvidXchange and what we do, look no further. This article will share all you need to know about working with us.

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Deposits AP Invoicing AR 52

Accounting Today

JULY 14, 2023

To scale a firm, you have to rethink the way you offer your services.

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Speaker: Mark Gilham, FCCA, CPP

Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.

Accounting

AvidXchange

JULY 14, 2023

Construction is facing an unprecedented labor shortage. The aging workforce, a longstanding issue in the industry, was exacerbated as many older workers chose retirement during the pandemic. Now, according to the Associated General Contractors of America (AGC), businesses are struggling to find workers with relevant job skills to fill open positions.

AP 52

AP Accounts Payable Accounts Payable Accounting 52

Cloud Accounting Podcast

JULY 14, 2023

Learn how Meryl built a 30-headcount bookkeeping firm in eight years that can operate without her. We also get Meryl's take on the PwC scandal in Australia. Earn free NASBA-approved CPE credits for listening with the Earmark app. Learn more at earmarkcpe.com. Sponsors Relay - [link] FinDaily - [link] Earmark for Teams - [link] Chapters (00:04) - Preview: Why can't the US tax deadlines be as relaxed as Australia's (00:50) - Welcome Meryl Johnston to the show and some background on Bean Ninjas (05

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XERO CPA Tax Bookkeeping 52

AvidXchange

JULY 14, 2023

The World Economic Forum confirms we are currently living in the Fourth Industrial Revolution. This signifies a time when technological advances are transforming the way we live and work, merging the physical and digital worlds. Technology like artificial intelligence (AI), machine learning, robotics and cloud computing has impacted human life at a scale equal to steam power in the 1700s, electricity in the 1800s and computer electronics in the 1900s.

AP 52

AP Computation Accounts Payable Accounts Payable 52

Blake Oliver

JULY 14, 2023

I had the pleasure of spending some quality time last night with Jerry Maginnis , a seasoned executive in the accounting field whose vast experience spans various leadership roles, including serving as the Office Managing Partner for KPMG 's Philadelphia Office and now contributing to the success of organizations like Cohen & Steers Mutual Funds, inTEST Corporation , and Centri Business Consulting, LLC.

Accounting 52

Accounting Accounting 52

Advertiser: Paycor

Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.

AvidXchange

JULY 14, 2023

It’s no secret that inflation and economic instability are influencing business spending strategies today. Companies are reevaluating marketing and advertising expenses, which can negatively impact the budgets of media agencies and suppliers. Many of these businesses are turning to technology like AI, machine learning and automation to help them achieve results for their clients with fewer resources.

AP 52

AP Accounts Payable Accounts Payable Budgeting 52

Plooto

JULY 14, 2023

Unless you've been left isolated on a desert island purged of digital-enabling technology for the past six months, you've probably experienced the tidal wave of news and excitement radiating around Regenerative Artificial Intelligence (AI). In a recent report, the U.S. Chamber of Commerce , not known for making inflated prognostications, predicts that "virtually every business will use AI".

Accounting 52

Accounting Accounting 52

AvidXchange

JULY 14, 2023

Like many organizations across industries, banks and credit unions embraced digital transformation following the pandemic when consumer, employee and business needs rapidly changed. Now, the financial services industry is experiencing consolidation – mergers and acquisitions (M&A) activity is ramping up as financial organizations seek efficient growth.

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Financial Services AP Accounts Payable Accounts Payable 52

Tipalti

JULY 14, 2023

Finance management is just one of the many ways to use ChatGPT. Learn how to track expenses, manage budgets, and make informed financial decisions with AI.

Budgeting 40

Budgeting Financial Operations Financial Operations 40

Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives

Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri

AvidXchange

JULY 14, 2023

Nonprofit organizations are turning to technology to help navigate workforce shortages amidst unprecedented demand for their services. According to the National Council of Nonprofits , a troubling 26.2% reported job openings for 20-29% of their positions. An additional 16.1% of nonprofits said they had vacancies for more than 30% of positions.   While digital transformation can ease some of this unfulfilled workload, it requires employees to have some technical know-how to use tech tools to th

AP 52

AP Accounts Payable Accounts Payable Accounting 52

Accounting Tools

JULY 14, 2023

Related Courses Business Insurance Fundamentals Disaster Recovery Planning Enterprise Risk Management What is Uninsurable Risk? Uninsurable risk is a situation in which no insurer is willing to provide coverage. Taking on an uninsurable risk would otherwise put an insurer at risk of very large payouts that could threaten its solvency. There are several situations that can give rise to such risk.

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Accounting Fun

JULY 14, 2023

A tax manager was driving up the motorway on his way to see a client when his senior partner phoned him and told him that he'd been promoted to senior manager. The tax manager was so shocked he swerved the car. A few minutes later the senior partner phoned the tax manager again to say he'd been promoted even higher and would be made a tax director. The manager swerved the car again.

Tax 40

Tax 40

Accounting Tools

JULY 14, 2023

Related Courses Human Resources Guidebook Optimal Accounting for Payroll Payroll Management What is a Graduated Wage? A graduated wage system involves the setting of compensation levels so that an employee receives higher pay levels based on his or her experience, job grade, seniority, performance level, and so forth. The predetermined wage levels are re-examined periodically to adjust them for changes in local pay and priorities within the firm, to ensure that the system is still competitive in

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Payroll Accounting Accounting 40

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.

NACM

JULY 14, 2023

​✈ Is a soft landing in sight? NACM Economist Amy Crews Cutts& thinks yes!? Find out why on today's episode of the Extra Credit podcast!

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Accounting Tools

JULY 14, 2023

Related Courses Investor Relations Guidebook Public Company Accounting and Finance What is a Short Squeeze? A short squeeze occurs when a stock's price increases, forcing those who have taken short positions in the stock to close out their positions. They must close out their positions by buying shares , which puts further upward pricing pressure on the market price of the stock.

Accounting 40

Accounting Accounting 40

Accounting Tools

JULY 14, 2023

The tax accountant position is accountable for the collection of tax-related information, reporting to taxation authorities at the federal, state, county, and local levels in a timely manner, and advising management on the tax impact of various corporate strategies. Principal Accountabilities Devise tax strategies to defer or eliminate tax payments Create tax data collection systems, and maintain the corporate tax database Complete required tax reporting in a timely manner Prepare and update tax

Tax 40

Tax Accounting Accounting Corporation Tax 40

Accounting Tools

JULY 14, 2023

Related Courses Accounting for Intangible Assets Fixed Asset Accounting How to Audit Fixed Assets What is Amortize? To amortize is the process of writing off the book value of an asset over its useful life. The term is most commonly applied to intangible assets. Amortization is usually conducted on a straight-line basis, with no acceleration of the write-off in the earlier periods of an asset’s useful life.

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Auditing Accounting Accounting 40

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.