Thu.Oct 19, 2023

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IRS offers process for withdrawing bogus ERC claims

Accounting Today

The Internal Revenue Service is giving employers a way to rescind inaccurate claims for the Employee Retention Credit if they've fallen victim to a scam at the hands of so-called "ERC mills.

Tax 330
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Unleashing Business Success with Financial Planning and Analysis

Accounting Department

No business model works without effective financial management. Every organization must be able to allocate its resources and make informed decisions. Financial Planning and Analysis (FP&A) has become increasingly important in driving business success. It is vital for long-term growth. FP&A is a data-driven approach to financial management, which allows organizations to make informed decisions to improve their profitability.

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Gemini, DCG sued by NY for alleged $1.1B crypto fraud

Accounting Today

DCG's Genesis unit is accused in the suit of failing to adequately audit the Three Arrows Capital hedge fund and lying to Gemini when it claimed to regularly review its borrowers' financial statements,

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Connecting to new career opportunities and supportive people at Intuit

Intuit

Living and working abroad After completing college, I decided to work for a nonprofit in Zimbabwe. This was the first time I left the US, and I am grateful for the experience of living and working in Africa. Later, I moved to China and Thailand for work. These experiences broadened my outlook on life and made me more attuned to the financial challenges faced by a diverse customer base.

Tax 130
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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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.

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Companies shifting disclosures in response to SEC cybersecurity rules

Accounting Today

New cybersecurity rules from the Securities and Exchange Commission are already prompting companies to put more emphasis on the topic in their disclosures.

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Nonprofit Trends You Need to Know for 2024 

AvidXchange

As the year winds down, finance teams are looking ahead to determine plans and priorities for next year. Nonprofits in particular are brainstorming ways to do more with less. In the current macroeconomic climate of uncertainty, the following nonprofit trends are likely to impact organizations next year. Growing Demand Nonprofits see demand for services spike during times of inflation, according to the National Council of Nonprofits.

More Trending

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Terlato Wine Group is 'Suite' on NetSuite

Insightful Accountant

Following up on his trip to 'SuiteWorld 2023,' Murph gives you a first-hand impression of how Terlato Wine Group is benefiting from its transition to NetSuite.

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Tax Fraud Blotter: Financial educations

Accounting Today

Twice as nice; fuelin' around; before the Inc. dries; and other highlights of recent tax cases.

Tax 311
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ADP Launches First All-in-One HCM Solution for Construction Industry

Insightful Accountant

ADP Workforce Now for Construction is the first comprehensive HCM solution built for the unique challenges of the construction industry.

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The mystery of FTX's missing $9B is unraveled

Accounting Today

In court, a forensic accountant tried to explain what happened to the customer funds that were missing before the crypto exchange filed for bankruptcy.

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Predictions You Can Rely On: How Data Drives Successful Financial Forecasting

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.

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Right Networks Rebrands as Rightworks

Insightful Accountant

The rebranding unveils an improved and unified customer experience to propel the accounting profession forward.

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Sales tax complexity and the vanishing accountant

Accounting Today

As more accountants retire or move to other fields, their valuable insights into sales tax management are lost.

Tax 235
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Evan Goldberg on NetSuite Turning 25 and Pushing Boundaries with AI

Cloud Accounting Podcast

NetSuite founder Evan Goldberg discusses the company's 25th anniversary, new AI features like Text Enhance and Customer 360, and his long-term vision for intelligent assistants integrated with NetSuite. Meet Our Guest, Evan Goldberg LinkedIn : [link] Learn more about NetSuite Website : [link] Need CPE? Get CPE for listening to podcasts with Earmark: [link] Subscribe to the Earmark Podcast: [link] Get in Touch Thanks for listening and the great reviews!

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Lawmakers introduce Taiwan tax relief bill

Accounting Today

The bipartisan legislation would relieve double-taxation of investments between the U.S. and Taiwan for businesses and employees.

Billing 177
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Your New & Improved Month-End Close Process Is Not So Far Out of Reach!

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!

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What’s New in QuickBooks Desktop 2024: An Overview

Ace Cloud Hosting

Intuit just released the latest version of QuickBooks Desktop. Boasting the latest features, QuickBooks Desktop 2024 is a significant upgrade over previous versions. It offers several new features and benefits.

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Cherry Bekaert acquires PKF Mueller

Accounting Today

The Top 30 Firm is buying a Regional Leader with offices in Illinois and Florida.

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Beyond QuickBooks: Exploring The Best Accounting Software Alternatives

Invoicera

Do you wonder if there’s more to accounting than just QuickBooks? Well, you’re not alone! A recent survey by SmallBizTrends says, “ 85% of business owners are looking for accounting software alternatives “ While QuickBooks has long been the gold standard in this domain, it’s not the only option. It’s time to get a break with QuickBooks and move toward other innovative accounting solutions in the vast market.

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CSI’s Accounting Business Model & Costs

CSI Accounting & Payroll

If you’re interested in working with CSI, you probably want to have an idea of what our business structure and costs look like ahead of time.

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The Definitive Guide to Spend Management

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.

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Beyond QuickBooks: Exploring The Best Accounting Software Alternatives

Invoicera

Do you wonder if there’s more to accounting than just QuickBooks? Well, you’re not alone! A recent survey by SmallBizTrends says, “ 85% of business owners are looking for accounting software alternatives “ While QuickBooks has long been the gold standard in this domain, it’s not the only option. It’s time to get a break with QuickBooks and move toward other innovative accounting solutions in the vast market.

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Front end loading definition

Accounting Tools

Related Courses Contract Management Project Accounting Project Management What is Front End Loading? Front end loading is the practice of charging most of the fees associated with a project at the beginning of the transaction. This is especially common when the seller needs the funds to purchase materials prior to the start of work. However, the amount paid by the customer does not necessarily align with the amount of revenue that has been earned, so much of the early charge may be initially rec

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Beyond QuickBooks: Exploring The Best Accounting Software Alternatives

Invoicera

Do you wonder if there’s more to accounting than just QuickBooks? Well, you’re not alone! A recent survey by SmallBizTrends says, “ 85% of business owners are looking for accounting software alternatives “ While QuickBooks has long been the gold standard in this domain, it’s not the only option. It’s time to get a break with QuickBooks and move toward other innovative accounting solutions in the vast market.

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Blanket appropriation definition

Accounting Tools

Related Courses Auditing State and Local Governments Governmental Accounting The Green Book Explained The Yellow Book Explained What is a Blanket Appropriation? A blanket appropriation is a set-aside of funds for which there is no specification for how the funds are to be used. A manager receiving a blanket appropriation can spend the funds at his or her own discretion.

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Navigating Financial Storms: Strategies for Building Resilient Balance Sheets

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.

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Beyond QuickBooks: Exploring The Best Accounting Software Alternatives

Invoicera

Do you wonder if there’s more to accounting than just QuickBooks? Well, you’re not alone! A recent survey by SmallBizTrends says, “ 85% of business owners are looking for accounting software alternatives “ While QuickBooks has long been the gold standard in this domain, it’s not the only option. It’s time to get a break with QuickBooks and move toward other innovative accounting solutions in the vast market.

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Stock certificate definition

Accounting Tools

What is a Stock Certificate? A stock certificate is a document that identifies an investor's ownership share in a corporation. A certificate usually contains an identification number, the number of shares , the par value of the shares (if any), the class of shares (such as common stock or preferred stock ), and the signatures of authorized corporate executives.

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How to Choose the Best Accounts Payable Software Solution

MineralTree

Accounts payable (AP) is a critical business function, responsible for protecting cash flow, maintaining good relationships with vendors, and ensuring compliance with financial regulations. However, the traditional manual approach to AP can be time-consuming and error-prone, meaning AP teams are spending valuable time on tedious tasks such as data entry, reconciliation, and chasing approvals.

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Simple capital structure definition

Accounting Tools

Related Courses Corporate Finance The Interpretation of Financial Statements Treasurer's Guidebook What is a Simple Capital Structure? A corporation with a simple capital structure does not have any securities outstanding that could potentially dilute the value of its earnings per share. This means that its capital structure includes no more than common stock and non-convertible preferred stock.

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Putting the ‘Tech’ in Spend Management Techniques

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!

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Surviving company definition

Accounting Tools

Related Courses Business Combinations and Consolidations CPA Firm Mergers and Acquisitions Divestitures and Spin-Offs Mergers and Acquisitions What is a Surviving Company? A surviving company is the entity that gains control of all net assets and operations after a business combination has been completed. The surviving company could be one of the entities originally entering into the business combination, or it could be an entirely new entity.

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Purchasing system definition

Accounting Tools

Related Courses Contract Management How to Audit Procurement Purchasing Guidebook What is a Purchasing System? A purchasing system is a set of processes used to acquire goods and services for an organization. These processes include the acceptance of purchase requisitions , finding and evaluating suppliers , negotiating prices, placing purchase orders , monitoring procurement cards, and disposing of excess assets.

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Purchasing lead time definition

Accounting Tools

Related Courses How to Audit Procurement Purchasing Guidebook What is Purchasing Lead Time? Purchasing lead time is the interval between when the decision is made to acquire goods and when the goods are received. This lead time is comprised of order preparation time, supplier lead time, the time in transit from the supplier to the recipient, inspection time, and putaway time.

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Unaudited financial statements definition

Accounting Tools

What are Unaudited Financial Statements? An unaudited statement is a financial statement that has been prepared by an auditor , but for which a standard set of audit procedures have not been performed. In effect, the auditor has engaged in accounting services to prepare the statement, but not auditing services to examine the validity of the statement.

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Book of Secrets for the Month-End Close

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.