Accounting Today

SEPTEMBER 7, 2023

An introduction to the members of Accounting Today's annual ranking of the top workplaces in the profession.

Accounting 343

Accounting Accounting 343

Accounting Department

SEPTEMBER 7, 2023

Budgeting is a vital process that enables small and medium-sized businesses to effectively allocate resources, plan for the future, and achieve financial stability. However, navigating the budgeting process can be challenging without a clear roadmap.

Budgeting 232

Budgeting 232

Accounting Today

SEPTEMBER 7, 2023

An introduction to the members of Accounting Today's annual ranking of the top workplaces in the profession.

Accounting 336

Accounting Accounting 336

Insightful Accountant

SEPTEMBER 7, 2023

Intuit increased QuickBooks Payments rates for QuickBooks Desktop users this past June. Now, it is making increases for Payments Customers using QBO effective in October.

QuickBooks 113

QuickBooks 113

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 Today

SEPTEMBER 7, 2023

The IRS needed to respond to nearly 800 employee reports of assaults and threats in recent years, according to a new report.

Tax 315

Tax 315

Accounting Tools

SEPTEMBER 7, 2023

Related Courses Bookkeeping Guidebook How to Audit Receivables New Controller Guidebook Accounts receivable is the amount owed to a seller by a customer. As such, it is an asset , since it is convertible to cash on a future date. Accounts receivable is listed as a current asset on the balance sheet , since it is usually convertible into cash in less than one year.

Accounts Receivable 75

Accounts Receivable Accounts Receivable Account Receivables Accounting 75

Accounting Tools

SEPTEMBER 7, 2023

Related Courses The Balance Sheet The Interpretation of Financial Statements What is a Classified Balance Sheet? A classified balance sheet presents information about an entity's assets , liabilities , and shareholders' equity that is aggregated (or "classified") into subcategories of accounts. It is extremely useful to include classifications, since information is then organized into a format that is more readable than a simple listing of all the accounts that comprise a balance sheet.

Computation 75

Computation Financial Statements Tax Accounting 75

Accounting Today

SEPTEMBER 7, 2023

Revenue from consulting services grew at the fastest pace at 19.1%, followed by risk advisory, and audit and assurance.

Auditing 288

Auditing Management Accounting Accounting Accounting 288

Accounting Tools

SEPTEMBER 7, 2023

Related Courses The Balance Sheet The Income Statement The Interpretation of Financial Statements What is the Retained Earnings Formula? The retained earnings formula is a calculation that derives the balance in the retained earnings account as of the end of a reporting period. Retained earnings is that portion of the profits of a business that have not been distributed to shareholders ; instead, it is retained for investments in working capital and/or fixed assets , as well as to pay down any l

Financial Statements 75

Financial Statements Accounting Accounting 75

Accounting Today

SEPTEMBER 7, 2023

The board added a project to deal with issues related to subsequent events for state and local governments.

Accounting 286

Accounting Accounting 286

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.

Insightful Accountant

SEPTEMBER 7, 2023

No matter what size your firm is, keeping in step with technology is critical. Insightful Accountant's Gary DeHart and The Bonadio Group's John Roman explain why in this episode of Accounting Insiders.

Accounting 69

Accounting Accounting 69

Accounting Today

SEPTEMBER 7, 2023

High-quality access logs and data access auditing capabilities bring much of the reporting information companies need to get their arms around a data breach.

Auditing 188

Auditing Accounting Accounting 188

Accounting Tools

SEPTEMBER 7, 2023

Related Courses Accounting for Inventory Cost Accounting Fundamentals How to Audit Inventory What is a Cost of Goods Manufactured Schedule? The cost of goods manufactured schedule is used to calculate the cost of all items produced during a reporting period. The total derived from this schedule is then used to calculate the cost of goods sold. It is primarily used in financial accounting , as part of the process of compiling the financial statements.

Financial Statements 75

Financial Statements Cost Accounting Auditing Financial Accounting 75

Accounting Today

SEPTEMBER 7, 2023

The Federal Accounting Standards Advisory Board wants to improve the guidance for the management's discussion and analysis section of reports by federal agencies.

Accounting 171

Accounting Accounting 171

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Accounting

Accounting Tools

SEPTEMBER 7, 2023

Related Courses Closing the Books The Soft Close The Year-End Close What is the Income Summary Account? The income summary account is a temporary account into which all income statement revenue and expense accounts are transferred at the end of an accounting period. The net amount transferred into the income summary account equals the net profit or net loss that the business incurred during the period.

General Ledger 75

General Ledger Accounting Accounting Account Reconciliation 75

Cloud Accounting Podcast

SEPTEMBER 7, 2023

Join us for an in-depth conversation with Jerry Maginnis, a retired Big Four audit partner, about the value and criticisms of financial statement audits. Jerry draws on his decades of experience auditing public companies to respond to issues around audit quality, staff work conditions, complexity in accounting standards, and whether audits truly protect investors.

Auditing 60

Auditing Financial Statements Accounting Accounting 60

Accounting Tools

SEPTEMBER 7, 2023

Related Courses How to Audit Liabilities The Balance Sheet What are Notes Payable? A note payable is a written promissory note. Under this agreement, a borrower obtains a specific amount of money from a lender and promises to pay it back with interest over a predetermined time period. The interest rate may be fixed over the life of the note, or vary in conjunction with the interest rate charged by the lender to its best customers (known as the prime rate ).

Accruals 75

Accruals Accounts Payable Accounts Payable Auditing 75

Dext

SEPTEMBER 7, 2023

The strategic partnership will drive the digitalisation of accounting workflows Azets, the UK outsourcing, compliance and advisory group, has today announced its strategic partnership with cloud accounting platform provider Dext to underpin and support the implementation of its Digital strategy. Dext and Azets share a common goal of digitising the accounting workflow.

Accounting 59

Accounting Accounting 59

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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.

AP

Accounting Tools

SEPTEMBER 7, 2023

Related Courses The Statement of Cash Flows What is the Cash Flow Statement Indirect Method? The indirect method for the preparation of the statement of cash flows involves the adjustment of net income with changes in balance sheet accounts to arrive at the amount of cash generated by operating activities. The statement of cash flows is one of the components of a company's set of financial statements , and is used to reveal the sources and uses of cash by a business.

Financial Statements 75

Financial Statements Accounts Receivable Accounts Receivable Account Receivables 75

Insightful Accountant

SEPTEMBER 7, 2023

According to a AICPA & CIMA survey, as recession fears fade, the outlook on the US economy is showing signs of brightness. Check out the some of the details.

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59

CSI Accounting & Payroll

SEPTEMBER 7, 2023

Buying a small business is a huge step, even if you already own a business. That’s why it’s important for you to form the right team to help with the process. One critical team member to consider is a monthly accountant. Not only are they necessary for the buying process, but they can provide invaluable financial insights to help you make informed decisions and avoid costly mistakes.

Payroll 52

Payroll Accounting Accounting 52

Insightful Accountant

SEPTEMBER 7, 2023

New Xero study shows that nearly half of small businesses feel the impact of inflation on their cash flow. Here's a snapshot of the report.

XERO 65

XERO 65

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.

Ontrack Bookkeeping

SEPTEMBER 7, 2023

Starting a new business can be incredibly exciting, the passion for what you are wanting to achieve driving you forward. It is important to thoroughly evaluate your business idea before taking the plunge to ensure you’re creating a sustainable and successful venture. To get started, here are 9 questions to consider as part of an overall evaluation process.

Bookkeeping 52

Bookkeeping Accounting Accounting 52

Plooto

SEPTEMBER 7, 2023

The accounts payable (AP) process can give even the most experienced AP departments a headache. With overflows of paper invoices, likelihood of human error, and loads of data entry, the AP process can suck up precious time.

Accounts Payable 52

Accounts Payable Accounts Payable AP Data Entry 52

Gaviti

SEPTEMBER 7, 2023

Days sale outstanding is one of the most widely used criteria for judging the effectiveness of your accounts receivable strategy. It also paints a picture of the health of your company. Most business managers use the standard DSO when running the calculations, but it is also possible to calculate the best DSO. So, what is the difference and why does it matter?

AR 52

AR Collections Accounts Receivable Accounts Receivable 52

Accounting Tools

SEPTEMBER 7, 2023

Related Courses Corporate Finance Financial Analysis Treasurer's Guidebook What is the Risk-Adjusted Discount Rate? The risk-adjusted discount rate is based on the risk-free rate and a risk premium. The risk premium is derived from the perceived level of risk associated with a stream of cash flows for which the discount rate will be used to arrive at a net present value.

Financial Analysis 40

Financial Analysis Corporate Finance 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

MineralTree

SEPTEMBER 7, 2023

Accounts payable (AP) teams have long struggled with manual invoice approvals that involve chasing down signatures and slogging through mountains of paperwork. But in today’s increasingly digital business world, many AP teams are turning to automation to enhance their workflows — and the invoice approval process is no exception. To boost efficiency, reduce the risk of human error, and tackle challenges like remote work arrangements, 71% of AP teams have automated their invoice approval workflows

Invoicing 77

Invoicing AP Data Entry QuickBooks 77

Accounting Tools

SEPTEMBER 7, 2023

Related Courses Accountants' Guidebook Bookkeeping Guidebook New Controller Guidebook What is an Accountant? An accountant is a person who engages in accounting activities. These activities include the preparation of financial statements and tax returns , setting up accounting processes, and analyzing costs. The position is considered to be more advanced than the work conducted by a bookkeeper , and so usually calls for the completion of a four-year undergraduate degree in accounting.

Financial Statements 40

Financial Statements Accounting Accounting CPA 40

Accounting Today

SEPTEMBER 7, 2023

The tax charges could be brought in Washington, D.C., or in California because that's where the crimes allegedly occurred.

Tax 164

Tax 164

Accounting Tools

SEPTEMBER 7, 2023

Related Courses The Income Statement The Interpretation of Financial Statements What is Above the Line? Above the line refers to all revenue generated and expenses incurred by a business that have a direct impact on reported profits. In effect, the term includes all activity reported on an organization's income statement. The term does not refer to other activity that only impacts the financing or cash flows of the business.

Financial Statements 40

Financial Statements Tax 40

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Developing a consistent month-end close doesn’t need to be a mystery. We’re sharing our top 10 secrets (plus one bonus!) for streamlining your close.