Accounting Today
SEPTEMBER 29, 2023
The Internal Revenue Service is allowing tax practitioners to see their client's tax information, including balance due amounts, as well as withdraw from their active authorizations online in real time.
Accounting Department
SEPTEMBER 29, 2023
We are thrilled to announce that Episode 2 of our NEW podcast, Beyond the Books , is now live and ready for your listening pleasure.
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Accounting Today
SEPTEMBER 29, 2023
The Internal Revenue Service issued guidance Friday saying a redemption of shares in a money market fund won't be treated as part of a wash sale, which would subject it to taxes.
Blake Oliver
SEPTEMBER 29, 2023
Ed. note: enjoy some wisdom from a profession OG in this guest post from Blake Oliver. TLDR: Patience, intellectual curiosity, soft skills, and time management will take you far. Most importantly, advocate for yourself. Different generations in the workforce often struggle to understand each other. But experts say one thing that young professionals can do, including young accountants, is to be more patient.
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 Today
SEPTEMBER 29, 2023
When inflation is high, industry professionals turn to inflation accounting strategies to increase accuracy in financial analysis and reporting.
FundThrough
SEPTEMBER 29, 2023
Toronto, ON – September 29, 2023 FundThrough is pleased to announce it placed No. 166 on the 2023 Report on Business ranking of Canada’s Top Growing Companies. Canada’s Top Growing Companies ranks Canadian companies on three-year revenue growth. FundThrough earned its spot with three-year growth of 291%. With FundThrough’s technology-powered invoice funding platform, businesses control […] The post FundThrough places No, 166 on The Globe and Mail’s fifth-annual ranking of Canada̵
Financial Ops World brings together the best financial operations content from the widest variety of thought leaders.
Accounting Tools
SEPTEMBER 29, 2023
What is an Advance from Customer? Advance from customer is a liability account , in which is stored all payments from customers for goods or services that have not yet been delivered. Once the related goods or services have been delivered, the amount in this account is shifted to a revenue account. Classification of the Advance from Customer Account The advance from customer account is typically considered a short-term liability account, since the amounts stored in it are usually settled within
Accounting Today
SEPTEMBER 29, 2023
Spain alleges that the Queen of Latin music owes $7.1 million for 2018.
Accounting Tools
SEPTEMBER 29, 2023
Related Courses Cost Management Guidebook What is Cost Management? Cost management is the control of actual or forecasted costs incurred by a business. It is essential for a company to employ proper cost management, or else it will have difficulty consistently generating a profit. This concept is best applied as a formalized process, using some or all of the following steps.
Accounting Today
SEPTEMBER 29, 2023
NJCPA launches 14th annual food drive; Mazars elects five new partners and principals; and more news from across the profession.
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.
Cloud Accounting Podcast
SEPTEMBER 29, 2023
Ben Richmond, Xero's Country Manager for the United States, joins us to discuss new Xero product features like improved inventory management and AI integration, plans for the upcoming XeroCon 2024 conference, the future of the accounting profession, and Xero's sponsorship of the FIFA Women's World Cup. Ben provides an insider's look into Xero's roadmap and vision for transforming accounting with technology. (00:00) - Intro and XeroCon Conference Plans (02:15) - New Xero Product Features (07:15)
Accounting Today
SEPTEMBER 29, 2023
The sooner you take an active approach to artificial intelligence, the less overwhelmed you'll feel about it.
Blake Oliver
SEPTEMBER 29, 2023
You'd never guess it by his rapper appearance, but my recent podcast guest, Scott Scarano , is a highly successful accounting firm owner. When I first met Scott, I honestly did not take him for a firm owner. Between the hat, chain, and lack of a typical "accountant look," I assumed he was just another of Michael Ly's eclectic connections. But I was so, so wrong.
Accounting Today
SEPTEMBER 29, 2023
Plus, CPACharge rolls out automated invoicing feature; and other news and updates from the accounting technology world.
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All accounting teams know what it is like to dread the inevitable month-end scaries. If there was a way to feel less burdened and maybe even a little enthusiastic to work on your month-end close and reconciliation process, would you do it? No, don't answer that, of course you would! Automate your month-end close process by up to 40% with SkyStem's ART and see how much more alive you feel!
Jetpack Workflow
SEPTEMBER 29, 2023
Scaling your firm and getting more clients can result in a busy tax season, which is good for your top line. However, without the proper workflow structures to manage your expanding client base, you can wind up with constant bottlenecks and a hectic start to the year. For many CPA firms, tax preparers, and accountants, creating a detailed tax preparation workflow helps keep their teams on track while also letting them uncover new opportunities for enhancing client satisfaction.
Accounting Today
SEPTEMBER 29, 2023
The amount shared by the accounting firm's 1,300 U.K. equity partners is broadly the same as last year.
Earmark Accounting Podcast
SEPTEMBER 29, 2023
Jerry Maginnis has over 40 years of experience in the accounting profession. In this episode, he shares his journey from college student to managing partner at KPMG, offering advice to young accountants on how to build a successful career. Jerry emphasizes the importance of soft skills like communication, empathy, and relationship-building, arguing that technical expertise alone is not enough.
Accounting Today
SEPTEMBER 29, 2023
Small computers can help when working in smaller office spaces.
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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.
Economize
SEPTEMBER 29, 2023
When developing and deploying applications on Google Cloud, one of the critical decisions you’ll face is choosing the right platform for hosting your applications. Google Cloud offers two primary options for hosting web applications: App Engine Standard and App Engine Flexible. Each has its strengths and is suitable for specific use cases.
SSI Healthcare Rev Cycle Solutions
SEPTEMBER 29, 2023
Unleashing Innovation at Becker’s 2023 Health IT + Digital Health + RCM Annual Meeting Home / September 20, 2023 The Windy City is about to get a gust of transformative ideas as Becker’s 2023 Health IT + Digital Health + RCM Annual Meeting blows into Chicago. And if you’re passionate about ensuring the success of your healthcare organization in these fast-paced times, this is the place to be!
Nanonets
SEPTEMBER 29, 2023
According to the American Productivity and Quality Center (APQC), the world’s top performing organizations receive an invoice and schedule payment in 2.8 days or faster. But bottom-performing organizations take a week or more, and this metric—the cycle time between receiving invoices and making payments—is reflective of how efficient a company’s Accounts Payable (AP) process is.
Accounting Fun
SEPTEMBER 29, 2023
An accountant is sitting alone in a country pub sipping a beer and reviewing some accounts which he has out on the table in front of him. A bunch of bikers roar up to the pub and when then go inside they immediately begin harassing the accountant. He tries to ignore them as they insult him and make fun of his glasses, the accounts and the fact that he isn't responding to their taunts.
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.
Accounting Tools
SEPTEMBER 29, 2023
Related Courses Bookkeeper Education Bundle Bookkeeping Guidebook What is an Account Title? An account title is the unique name assigned to an account in an accounting system. An account title is essential when the accounting staff needs to identify an account, since the title conveys the purpose of the account. The other unique identifier, the numeric account code, may incorporate some identification logic, but is much more difficult to associate with a specific account.
Future Firm
SEPTEMBER 29, 2023
Many have relied on Canopy as their accounting project management solution to streamline their firm’s financial operations. In this review, let’s find out what sets Canopy apart from the others, spotlighting its functionalities, benefits, drawbacks, and more. Let’s get into it! Table of Contents What is Canopy Accounting Software? Canopy Accounting Software Features Canopy Accounting Software Pricing Canopy Accounting Software Alternatives What is Canopy Accounting Software?
Accounting Tools
SEPTEMBER 29, 2023
Related Courses Revenue Recognition Unearned revenue is a customer payment for which no goods or services have yet been provided. Unrecorded revenue is a sale that has been earned, but for which no record has yet been made in a firm’s accounting system. This means that the following differences between unearned revenue and unrecorded revenue are present: Unearned revenue has been recorded in the accounting system (as a receipt of cash and an offsetting liability ), while unrecorded revenue has n
NACM
SEPTEMBER 29, 2023
? On today's episode of Extra Credit: A recent eNews poll revealed that one quarter of credit professionals use ChatGPT in some capacity for their work. Hear about the advantages and disadvantages of using ChatGPT in the credit department.⭐ Hear from Justin Cowart; Elliot Jenneman, Alejandro Ojeda-Nonzioli; and Marty Smith!
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 Tools
SEPTEMBER 29, 2023
Related Courses Property Management Accounting What is Accrued Rent Liability? Accrued rent liability is a balance sheet account that stores the amount of rent incurred but not yet paid. This account is used by a tenant that has entered into a facility rental arrangement with a landlord. Classification of Accrued Rent Liability The liability is usually included in the accrued liabilities account, along with all other accruals.
Outsourced Bookeeping
SEPTEMBER 29, 2023
Maintaining a healthy cash flow is imperative for every competitive business firm. Working with a healthy capital amount allows a business to invest more efficiently and also clear out debts and payments on time. However, achieving this aspect can be more complicated than it seems. Operating in the present commercial space, there is always an issue with delayed payment that cripples a business’ ability to achieve its financial goals.
Accounting Tools
SEPTEMBER 29, 2023
Related Courses Bookkeeping Guidebook New Controller Guidebook What is an Accounting Estimate? An accounting estimate is an approximation of the amount of a business transaction for which there is no precise means of measurement. Estimates are used in accrual basis accounting to make the financial statements more complete, usually to anticipate events that have not yet occurred, but which are considered to be probable.
Nanonets
SEPTEMBER 29, 2023
Enhance your organisational efficacy with practical application of the right key performance indicators! Peter Drucker once said, “If you don’t measure it, you can’t improve it.” Tracking the performance of the Accounts Payable department of your company requires way more effort than just tracking the number of invoices that are past their due date!
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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.
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