Tue.Oct 24, 2023

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Purdue sees spike in accounting enrollment

Accounting Today

Despite widespread reports of declines in accounting students, Purdue is defying the trend and seeing enrollment growing dramatically.

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How small businesses can get themselves ready for Cyber Monday

Xero

This guest blog was written by the team at ecommerce accounting integration, Amaka. Cyber Monday was originally an opportunity for ecommerce businesses to dish out huge promotions after Thanksgiving in the United States, but it’s now become a phenomenon around the world. In 2022, Cyber Monday brought in a total of $ 11.3 billion USD in the United States alone, representing one of the biggest online shopping days of the year.

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IRS opens PTIN renewal period for 2024

Accounting Today

The service began allowing nearly 800,000 tax preparers to renew their Preparer Tax Identification Numbers for next year.

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Is It Time to Outsource Your Bookkeeping? A Guide for Business Owners

Accounting Department

Managing the financial aspects of a business is a critical task that demands accuracy, expertise, and time. As your business grows, so does the complexity of your financial transactions, leaving you with less time to focus on core operations.

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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.

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IRS faces long-term challenges despite extra funding

Accounting Today

Commissioner Werfel encouraged Congress to keep the money coming.

Tax 337
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Key MLOps processes (part 3): Automated machine learning workflow

FinOps in Practice

In this article, we describe block D, devoted to the automated machine learning workflow. Please, find the whole scheme, which describes key MLOps processes here. The main parts of the scheme are horizontal blocks, inside of which the procedural aspects of MLOps are described (they are assigned letters A, B, C, D). Each of them is designed to solve specific tasks within the framework of ensuring the uninterrupted operation of the company’s ML services.

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More Trending

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We went to Summit NA 2023! VIDEO

Fidesic blog

We had a blast at Dynamic Communities #SummitNA 2023! Great to see everyone! Watch our video recap with juggling!

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ERC marketing push encourages the ineligible

Accounting Today

Most new claimants don't qualify for the Employee Retention Credit, experts say — but that hasn't stopped facilitators from promoting it.

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Warning, Warning, Fraud Ahead

Insightful Accountant

The Bonadio Group's Karen Webber breaks down the weak internal controls that could put your client at risk of fraud—and the warning signs you need to watch out for.

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James Caan's IRA transfer penalty upheld in court

Accounting Today

The late actor's estate fell short in a five-year quest involving the distribution of a hedge fund position when his financial advisor left UBS for Merrill Lynch.

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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.

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Spend Management for Your School’s Budget

Compleatable

What’s the best way to add value to something? Make it more efficient. Instead of adding new processes, hiring new staff, increasing your output, have you ever looked into what you already do, and simply tried making it better? Sometimes it’s a simple fix. Even just making sure everyone is following the same processes can see gains in productivity.

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PCAOB fines Canadian firm $175K

Accounting Today

The board imposed a $175,000 fine on Smythe LLP, a Vancouver-based firm, for violating its rules and quality control standards on four audits.

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On the Next 'QB Talks' – Don't Miss It

Insightful Accountant

Mark down Oct. 8, at 2 p.m. (EST) as the next 'QB Talks' with Kristen Nies Ciraldo and Kelly Gonsalves, aka Kelly G.

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In the blogs: Baloney and stupidity

Accounting Today

The cost of free file; ERC withdrawals; making money year-round; and other highlights from our favorite tax bloggers.

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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.

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Intercompany eliminations definition

Accounting Tools

Related Courses Closing the Books The Soft Close The Year-End Close What are Intercompany Eliminations? Intercompany eliminations are used to remove from the financial statements of a group of companies any transactions involving dealings between the companies in the group. There are three types of intercompany eliminations, which are noted below. Intercompany Debt For intercompany debt , a business eliminates any loans made from one entity to another within the group, since these only result in

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Retrieval-Augmented Generation and RAG Workflows

Nanonets

Introduction Retrieval Augmented Generation, or RAG, is a mechanism that helps large language models (LLMs) like GPT become more useful and knowledgeable by pulling in information from a store of useful data, much like fetching a book from a library. Here’s how RAG makes magic with simple AI workflows: Knowledge Base (Input) : Think of this as a big library full of useful stuff—FAQs, manuals, documents, etc.

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Current portion of long-term debt definition

Accounting Tools

Related Courses The Balance Sheet What is the Current Portion of Long-Term Debt? The current portion of long-term debt is a amount of principal that will be due for payment within one year of the balance sheet date. It is stated in a separate line item in the balance sheet. This line item is closely followed by creditors , lenders , and investors , who want to know if a company has sufficient liquidity to pay off its short-term obligations.

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NetSuite Procure To Pay

Tipalti

Learn how to set up NetSuite procure to pay step-by-step, so you can start streamlining your procurement process and boost productivity.

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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.

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Efficiency ratios

Accounting Tools

Related Courses Business Ratios Guidebook Key Performance Indicators The Interpretation of Financial Statements What are Efficiency Ratios? Efficiency ratios measure the ability of a business to use its assets and liabilities to generate sales. A highly efficient organization has minimized its net investment in assets, and so requires less debt and equity in order to remain in operation.

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Finance AI

Tipalti

Finance AI is changing the game for financial management. Find out how this technology is being used to streamline processes and improve decision-making on a global scale.

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Entity definition

Accounting Tools

Related Courses Bookkeeping Guidebook Partnership Accounting What is an Entity? An entity is something that maintains a separate and distinct existence. In business, an entity is an organizational structure that has its own goals, processes, and records. Examples of entities are sole proprietorships , partnerships , and corporations. Characteristics of an Entity These entities all have names that may differ from the names of their owners.

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Travel Agent Commission Calculator

Tipalti

Maximize your business's profits with our travel agent commission calculator. Instantly determine travel agent commissions for a more profitable operation.

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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

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Sales volume definition

Accounting Tools

Related Courses Business Ratios Guidebook Effective Sales Management Financial Analysis The Interpretation of Financial Statements What is Sales Volume? Sales volume is the number of units sold within a reporting period. This figure is monitored by investors to see if a business is expanding or contracting. Within a business, sales volume may be monitored at the level of the product, product line , customer , subsidiary , or sales region.

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Member Spotlight: The Building Blocks of Credit

NACM

NACM's Professional Certification Program allows credit professionals to earn designations at anytime, anywhere. With an intensive six-level education program, credit professionals have all the tools they need at their fingertips for success. The Credit Business Associate (CBA) is the first level and an academic-based designation that includes a ma.

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How to record an advance to an employee

Accounting Tools

Related Courses How to Audit Payroll Optimal Accounting for Payroll Payroll Management An advance paid to an employee is essentially a short-term loan from the employer. As such, it is recorded as a current asset in the company's balance sheet. There may not be a separate account in which to store advances, especially if employee advances are infrequent; possible asset accounts in which to store this information are: Employee advances (for high-volume situations) Employee loans (useful if the co

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Semi-variable cost definition

Accounting Tools

Related Courses Cost Accounting Fundamentals Financial Analysis What is a Semi-Variable Cost? A semi-variable cost is a cost that contains both fixed cost and variable cost elements. The fixed element of the cost will be incurred repeatedly over time, while the variable element will only be incurred as a function of activity volume. Thus, a base-level cost will be always be incurred, irrespective of volume, as well as an additional cost that is based only on volume.

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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.

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Current asset definition

Accounting Tools

Related Courses The Balance Sheet What is a Current Asset? A current asset is an item on an entity's balance sheet that is either cash , a cash equivalent , or which can be converted into cash within one year. If an organization has an operating cycle lasting more than one year, an asset is still classified as current as long as it is converted into cash within the operating cycle.

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Cost object definition

Accounting Tools

Related Courses Activity-Based Costing Activity-Based Management Cost Accounting Fundamentals What is a Cost Object? A cost object is an item for which a cost is compiled. For example, this can be a product, product line , service, project, customer , distribution channel , or activity. Cost objects are used in activity-based costing analyses as the focal point of cost accumulations.

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Gross accounts receivable definition

Accounting Tools

Related Courses Bookkeeping Guidebook How to Audit Receivables New Controller Guidebook What is Gross Accounts Receivable? Gross accounts receivable is the amount of sales that a business has made on credit, and for which no payment has yet been received. The gross receivable figure is useful for estimating the amount of cash that a business is likely to generate in the near term to pay its obligations , and so is considered a prime determinant of liquidity.

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Gross domestic product definition

Accounting Tools

Related Courses Economic Indicators What is Gross Domestic Product? Gross Domestic Product (GDP) is the total value of goods manufactured and services provided within a country over a period of time. It includes all production and services within the country, even if they are provided by entities owned by foreigners. GDP is a high-level indicator of the economic health of a country.

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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.