Mon.Nov 06, 2023

article thumbnail

Ohio floats plan to recruit more CPAs

Accounting Today

The Ohio Society of CPAs is working on an action plan to attract more young people to the accounting profession.

article thumbnail

Xero Beautiful Business Fund: Congratulations to our partner referral winners!

Xero

Wow – what an amazing response we’ve had to the Xero Beautiful Business Fund! There are truly some incredible small businesses out there in the world, and some wonderful accountants and bookkeepers who support them. Thank you to everyone that has applied, and for helping get the word out and encouraging small businesses to get involved. We’re pleased to announce the winners of our partner referral competition below: Visa card winners (drawn from those who had 1 – 9 referrals) Entrant

XERO 264
professionals

Sign Up for our Newsletter

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

article thumbnail

Firms look at ways to attract young people to accounting

Accounting Today

Accounting firms need to pay more to bring young people into the profession, as starting salaries are still lagging compared to other fields, and they have to make other changes in how the job is structured.

article thumbnail

Xero welcomes new members to Aotearoa New Zealand’s Partner Advisory Council

Xero

Xero has the pleasure of welcoming seven new members to its new Xero Partner Advisory Council (XPAC). The XPAC has been reintroduced into Aotearoa and is made up of a diverse panel of accountants and bookkeepers who are both thought leaders and trailblazers for the needs of the sector. The latest members are as follows: Trudi Ballantyne – Director, Stem Rural Accountants Limited Louise Holmes – Director, Red Office Limited Manoli Aerakis – Managing Director, Malloch McClean T

XERO 246
article thumbnail

Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

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.

article thumbnail

The ERC nightmare

Accounting Today

Lots of businesses have claimed the Employee Retention Credit who don't actually qualify for it — and in many cases it's going to be up to their accountants to set them right, says Randy Crabtree.

article thumbnail

Xero Beautiful Business Fund: Congratulations to our partner referral winners!

Xero

Wow – what an amazing response we’ve had to the Xero Beautiful Business Fund! There are truly some incredible small businesses out there in the world, and some wonderful accountants and bookkeepers who support them. Thank you to everyone that has applied, and for helping get the word out and encouraging small businesses to get involved. We’re pleased to announce the winners of our partner referral competition below: Visa card winners (drawn from those who had 1 – 9 referrals) Entrant

XERO 130

More Trending

article thumbnail

Bigger than Accounting: How Accountants Can Guide Clients to Financial Success this Holiday Season

Insightful Accountant

For most people, this time of year is synonymous with joy, festivities, and of course, holiday shopping. However, for business owners and individuals alike, it can also be a season of financial stress and anxiety.

article thumbnail

Ex-Fortis banker convicted over €51.5M Cum-Ex tax cheat

Accounting Today

A German banker was sentenced to three years and three months for his role in the international tax trading scandal.

Tax 195
article thumbnail

Future Forward: Niches, Trends, and Predictions of 2024 | December 5-6, 2023

Insightful Accountant

This is your chance to connect with your peers, find out the latest updates, and explore best practices and industry trends on December 5-6, 2023. The theme is Niches, Trends, and Predictions of 2024.

105
105
article thumbnail

Top 11 Inventory Software That Integrates With QuickBooks in 2023

Ace Cloud Hosting

Are you tired of manually tracking your inventory and reconciling it with your QuickBooks account? Look no further, as we present to you the best inventory software integrations for QuickBooks.

article thumbnail

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.

article thumbnail

The Traits of a Top ProAdvisor

Insightful Accountant

As we approach the opening of the 2024 ProAdvisor Awards process, I wanted to remember all candidates of what it takes to make it to the top. In 2021, Matt Fulton set-down the "right stuff" when it comes to being 'Best of the Best.

105
105
article thumbnail

The Implications of AI on Data Privacy and Security

Dext

Artificial intelligence (AI) has made its way across every corner of the business world, fundamentally altering the way we work. For accountants, this revolution brings along a host of advantages, from automated reports to real-time financial analytics. The allure is unmistakable.

article thumbnail

Intuit Report Reveals Consumer Shopping Holiday Predictions

Insightful Accountant

A new Intuit QuickBooks report unveils what might be one of the biggest consumer shopping trends for this holiday season: shopping small.

article thumbnail

Effortlessly generate IAM policies with AWS Access Analyzer

Economize

Security is paramount in AWS cloud services. Organizations rely on tight security for data privacy and to meet compliance regulations. IAM policies are at the heart of this, designed to give access based on the least privilege concept. They ensure only necessary users access critical data and resources.

article thumbnail

Doing More With Less: The Modern Finance Miracle

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.

article thumbnail

Problems Working With CSI Accounting & Payroll

CSI Accounting & Payroll

When small business owners are looking for new outsourced solutions, they want to know the good, the bad, and the ugly. At CSI Accounting & Payroll, we’ve welcomed client feedback for over 50 years. We especially welcome negative feedback because we’re skeptical of any business that has a perfect 5-star rating. We believe you should be skeptical, too.

Payroll 52
article thumbnail

Seeking an Accounting Manager

Reconciled Solutions

Help our clients gain visibility and clarity to their financials so that they can grow, improve profits, and improve efficiency. The post Seeking an Accounting Manager appeared first on Reconciled Solutions.

article thumbnail

Tax Planning for Beginners: 6 Tax Strategies & Concepts To Know

Outsourced Bookeeping

Taxes are not an easy thing to tackle; especially for first-timers in the finance and business realm. Nonetheless, tax strategies are vital in prudent financial management, regardless of whether one is an individual taxpayer or a company proprietor. You should be able to understand your tax obligations in a way that you make decisions, which will reduce the tax liabilities and help in the realization of the financial objectives.

Tax 52
article thumbnail

Activity-based budgeting definition

Accounting Tools

Related Courses Budgeting Capital Budgeting What is Activity-Based Budgeting? Activity-based budgeting is a planning system under which costs are associated with activities , and expenditures are then budgeted based on the expected activity level. This approach differs from the more traditional budgeting system, where existing cost levels are adjusted for inflation and major revenue changes in order to derive the annual budget.

article thumbnail

8 Pillars of Leadership Development

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.

article thumbnail

Eric Trump says in NY fraud trial he'd never sign inaccurate documents

Accounting Today

The son who helps run the former president's real estate business testified that financial documents sent by his father's company to Deutsche Bank were "accurate," even though a judge has already determined they were fraudulent.

article thumbnail

Time-based management definition

Accounting Tools

Related Courses Activity-Based Management New Manager Guidebook What is Time-Based Management? Time-based management focuses on reducing the amount of time required to complete a process. The concept is most commonly employed in the production area, where time reduction eliminates labor and inventory holding costs, thereby making a company's products more cost -competitive.

40
article thumbnail

Trump shouts at judge and lawyers in wild day on witness stand

Accounting Today

Trump acknowledged he had a hand in preparing the financial statements that valued his properties.

article thumbnail

Fees earned definition

Accounting Tools

Related Courses Revenue Management Revenue Recognition What are Fees Earned? Fees earned is a revenue account that appears in the revenue section at the top of the income statement. It contains the fee revenue earned during a reporting period. The amount reported as fees earned would be the amount of cash received from customers during the reporting period, if the reporting entity is operating under the cash basis of accounting.

article thumbnail

How to Modernize Manufacturing Without Losing Control

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

article thumbnail

Nested booking limit definition

Accounting Tools

Related Courses Revenue Management Revenue Recognition What is a Nested Booking Limit? A nested booking limit is a booking rule that allows full-priced reservations to intrude upon the capacity block that had been set aside for reservations at a lower price. Example of a Nested Booking Limit For example, an airline sets up a booking limit on a forthcoming flight, where 75 seats are priced at $100 each and 25 seats are priced at $200, with no refunds allowed for the $100 tickets.

40
article thumbnail

Bridge financing definition

Accounting Tools

Related Courses Corporate Cash Management Corporate Finance Treasurer’s Guidebook What is Bridge Financing? Bridge financing is any type of short-term financing arrangement used to keep a business solvent until it can arrange for longer-term financing. This financing is needed to fund a firm’s operational needs, usually in relation to its expected working capital requirements.

article thumbnail

Equity turnover definition

Accounting Tools

Related Courses Business Ratios Guidebook Financial Analysis The Interpretation of Financial Statements What is Equity Turnover? Equity turnover is a ratio that measures the proportion of a company's sales to its stockholders' equity. The intent of the measurement is to determine the efficiency with which management is using equity to generate revenue.

article thumbnail

Calendarization definition

Accounting Tools

Related Courses Budgeting What is Calendarization? Calendarization involves spreading the recognition of a transaction over more than one reporting period. This is usually done on a consistent basis over time. However, if the consumption of an expenditure is uneven over time, then the associated calendarization can be designed to charge it to expense in differing amounts per month to match the consumption level, such as half of the total amount in the first month and one quarter in each of the f

article thumbnail

Protect What Matters: Rethinking Finance Ops In A Digital World

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.

article thumbnail

Tax return position definition

Accounting Tools

Related Courses Ethics for Enrolled Agents Tax Research Techniques What is a Tax Return Position? A tax return position is reflected on a tax return on which an accountant has advised a taxpayer, or a position for which the accountant knows the relevant facts and, based on those facts, has decided whether the position taken is appropriate. The following points apply to the accountant who is developing a tax return position.

Tax 40
article thumbnail

Paperless accounting concepts

Accounting Tools

Related Courses Lean Accounting Guidebook New Controller Guidebook How Does Paperless Accounting Work? Paperless accounting involves transaction processing that is entirely electronic, with no paper involved in any business process. The intent is to streamline processes, reduce transaction error rates , and eliminate document storage. However, this is more of a concept than a reality in most organizations.

article thumbnail

Segment reporting definition

Accounting Tools

Related Courses Public Company Accounting and Finance Segment Reporting Essentials What is Segment Reporting? Segment reporting is the reporting of the operating segments of a company in the disclosures accompanying its financial statements. Segment reporting is required for publicly-held entities, and is not required for privately held ones. Segment reporting is intended to give information to investors and creditors regarding the financial results and position of the most important operating u

article thumbnail

Fair value option definition

Accounting Tools

Related Courses Fair Value Accounting What is the Fair Value Option? The fair value option is the alternative for a business to record its financial instruments at their fair values. GAAP allows this treatment for the following items: A financial asset or financial liability A firm commitment that only involves financial instruments A loan commitment An insurance contract where the insurer can pay a third party to provide goods or services in settlement, and where the contract is not a financial

article thumbnail

How to Set Better OKRs and Drive Results

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.