Xero
JUNE 21, 2023
You win, or you learn – that’s one of Tennick Accountants’ internal mottos, and one that encouraged the firm to put themselves in the running and enter the 2023 Xero Awards UK & Ireland. For Graeme Tennick and his team that belief paid off, with the firm taking home the Small Firm of the Year award, the most hotly contested category of the programme.
Insightful Accountant
JUNE 21, 2023
CliftonLarsonAllen LLP has kicked off its high school summer internship program in 15 select cities across the country with 60 students chosen from more than 400 applicants.
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CSI Accounting & Payroll
JUNE 21, 2023
Running a business is a lot of work, and you deserve a paycheck! Whether you're just getting started or need to do a periodic check-in on your pay, owner's compensation is important. However, because of this, a lot of small business owners don't know how to get it right. At CSI Accounting & Payroll, we've worked with small businesses for over 50 years.
Insightful Accountant
JUNE 21, 2023
Oracle NetSuite once again will host SuiteWorld this year in Las Vegas, Oct. 16-19. A virtual 'On Air' version of the event also will be available to participants.
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 Tools
JUNE 21, 2023
Related Courses Business Ratios Guidebook Working Capital Management What is the Working Capital Turnover Ratio? The working capital turnover ratio measures how well a company is utilizing its working capital to support a given level of sales. Working capital is current assets minus current liabilities. A high turnover ratio indicates that management is being extremely efficient in using a firm's short-term assets and liabilities to support sales.
Insightful Accountant
JUNE 21, 2023
In her new role, Deborah Defer will lead Woodard’s efforts in providing comprehensive assessments, practice strategy/design and implementation support to Top 200 CPA firms in the US.
Financial Ops World brings together the best financial operations content from the widest variety of thought leaders.
Tipalti
JUNE 21, 2023
Affiliate marketers can play a pivotal role in building and expanding your brand. Learn the best ways to find affiliate marketers and how to retain them with streamlined payables.
Accounting Tools
JUNE 21, 2023
Related Courses Accounting for Investments Corporate Finance GAAP Guidebook The issue price of a bond is based on the relationship between the interest rate that the bond pays and the market interest rate being paid on the same date. The basic steps required to determine the issue price are noted below. Step 1. Determine the Interest Paid by the Bond The first step is to determine the interest paid.
Tipalti
JUNE 21, 2023
With adequate payment and credit history, your business may qualify to get bank loans and interest-free trade credit from other suppliers. Some of these vendors for business credit will offer early payment discounts. Trade credit improves cash flow.
Accounting Tools
JUNE 21, 2023
Related Courses Accounting for Inventory Cost Accounting Fundamentals What are Conversion Costs? Conversion costs are those production costs required to convert raw materials into completed products. The concept is used in cost accounting to derive the value of ending inventory , which is then reported in the balance sheet. It can also be used to determine the incremental cost of creating a product, which could be useful for price setting purposes.
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.
Nanonets
JUNE 21, 2023
PDFs are a great file format to share information. But you can't modify or edit a PDF unless you created it in the first place. This is why collaborative teams prefer to convert PDF to Google Docs. Teams can edit and work simultaneously on Google Docs - this saves time and unnecessary back and forth communication. In this article, we will look at 3 different methods to turn a PDF into a Google Doc.
Accounting Tools
JUNE 21, 2023
Related Courses Accounting for Earnings per Share The weighted average of shares outstanding is calculated based on the volumes of various share sales and purchases over a period of time. This figure is used to determine a publicly-held company's earnings per share. Privately-held companies are not required to report earnings per share, so they do not need to calculate this number.
Nanonets
JUNE 21, 2023
Efficient reconciliation of payments is a vital aspect of financial management for businesses of all sizes. As transactions flow in and out, reconciling payments becomes crucial to ensure accuracy, identify discrepancies, and maintain a clear financial picture. Manual payment reconciliation processes can be time-consuming, error-prone, and inefficient.
Future Firm
JUNE 21, 2023
With how fast artificial intelligence is evolving, it’s not strange to think about the possibility of AI applications taking over our industry and would soon render human professionals obsolete. In this episode, I shared my take on the next trend for your firm in the AI revolution. Listen Below. 0:49 – We are witnessing the rapid emergence of new accounting firm business models, which may lead you to believe that traditional accountants won’t be important anymore. 1:05 –
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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!
Reconciled Solutions
JUNE 21, 2023
Double-entry accounting contains many mysteries. Let’s uncover one of the most persistent problems: the undeposited funds account. The post Accounting Enigmas: Undeposited Funds Account appeared first on Reconciled Solutions.
Nanonets
JUNE 21, 2023
In the world of finance and accounting, the process of reconciliation plays a vital role in ensuring accurate and transparent financial records. Reconciliation is the act of comparing and matching two sets of data to ensure their consistency and accuracy. It is a crucial process for businesses to identify discrepancies, resolve errors, and maintain the integrity of their financial statements.
Bookkeeping Express
JUNE 21, 2023
In the world of franchising, maintaining accurate financial records and practicing sound bookkeeping is essential. Franchise audits and inspections play a pivotal role in ensuring compliance, uncovering discrepancies, and safeguarding the overall integrity of the franchise system. In this blog, we will highlight a few key focus areas that will help you prepare for franchise audits and inspections, as well as emphasize the importance of prioritizing financial transparency and accountability for f
Gaviti
JUNE 21, 2023
Lifelong learning and continual self-improvement are crucial to your professional development as a chief financial officer. The pandemic heightened the need for improvement as the financial landscape experienced dramatic changes. And financial leaders have been forced to adjust to new business realities created by the pandemic. The dependence on financial leaders has never been greater, but CFOs don’t need to face that pressure alone.
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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.
SMB Accounting and Consulting
JUNE 21, 2023
When it comes to financial statements, two key documents play a vital role in providing insights into a company's financial health: the income statement and the balance sheet. While both are important in understanding a company's financial position, they serve different purposes and provide distinct information. In this blog post, we will explore the differences between these two essential financial statements.
CloudZero
JUNE 21, 2023
Switching workloads to Azure Reserved Instances or Savings Plans can help you save more money on Microsoft Azure services. So, what are these reservations and plans? What kind of workloads can you run with them? And what's the catch in each case for getting up to 80% off?
Accounting Tools
JUNE 21, 2023
Related Courses Accounting for Investments GAAP Guidebook What are Available for Sale Securities? An available for sale security is a debt or equity instrument that is not classified as one of the following: Trading securities. This classification is assigned to investments where the intent is to sell them in the short term to earn a profit. Held-to-maturity securities.
Insightful Accountant
JUNE 21, 2023
Soon, all users of QuickBooks Online will have a new experience for creating users and customizing roles.
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
JUNE 21, 2023
Related Courses The Balance Sheet What is a Mortgage Payable? A mortgage payable is the liability of a property owner to pay a loan that is secured by property. From the perspective of the borrower , the mortgage is considered a long-term liability. Any portion of the debt that is payable within the next 12 months is classified as a short-term liability.
CapActix
JUNE 21, 2023
Financial and Accounting Services are one of the core elements of a business organization. Thus, it is the responsibility of accounting firms and staff to perform their duty with utmost care and dedication. After understanding the weight of accounting work, some of the CPA firms in the US are adopting alternative hiring models to develop flawless accounts like offshore staffing for accounting firms.
Accounting Tools
JUNE 21, 2023
Related Courses Fixed Asset Accounting How to Audit Fixed Assets How to Depreciate Leasehold Improvements A leasehold improvement is created when a lessee pays for enhancements to building space, such as carpeting and interior walls. The depreciation of these improvements only occurs if the amount expended is more than the lessee's capitalization limit.
Accounting Tools
JUNE 21, 2023
Related Courses Business Ratios Guidebook The Balance Sheet The Interpretation of Financial Statements What is the Defensive Interval Ratio? The defensive interval ratio compares a set of liquid assets to expenditure levels to determine how long a business can keep paying its bills. There is no correct answer to the number of days over which existing assets will provide sufficient funds to support company operations.
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
JUNE 21, 2023
Related Courses Business Ratios Guidebook The Interpretation of Financial Statements What is the Current Ratio? The current ratio measures the ability of an organization to pay its bills in the near-term. It is a common measure of the short-term liquidity of a business. The ratio is used by analysts to determine whether they should invest in or lend money to a business.
Accounting Tools
JUNE 21, 2023
Related Courses Bookkeeping Guidebook Corporate Cash Management How to Audit Cash Optimal Accounting for Cash How to Account for Petty Cash Petty cash is a small amount of cash that is kept on the company premises to pay for minor cash needs. Examples of these payments are office supplies, cards, flowers, and so forth. Petty cash is stored in a petty cash drawer or box near where it is most needed.
Accounting Tools
JUNE 21, 2023
Related Courses Cost Accounting Fundamentals Gross cost is the entire acquisition cost of an object. For example, when you buy a machine, the gross cost of the machine may include the following: + Purchase price of the equipment + Sales tax on the equipment + Customs charges (if acquired from another country) + Transportation cost + Cost of the concrete pad on which the machine is positioned + Equipment assembly cost + Cost of wiring to power the machine + Testing costs + Cost to train employees
Accounting Tools
JUNE 21, 2023
Related Courses Business Ratios Guidebook The Interpretation of Financial Statements Payables Management What is the Accounts Payable Days Formula? The accounts payable days formula measures the number of days that a company takes to pay its suppliers. If the number of days increases from one period to the next, this indicates that the company is paying its suppliers more slowly, and may be an indicator of worsening financial condition.
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