Accounting Today

OCTOBER 24, 2023

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

Accounting 341

Accounting Accounting 341

Xero

OCTOBER 24, 2023

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.

XERO 259

XERO Data Entry Reconciling Bookkeeping 259

Accounting Today

OCTOBER 24, 2023

These services can provide organizations with insight, guidance and expertise to support in-house teams or serve as a fully outsourced team.

Accounting 318

Accounting Accounting 318

Accounting Department

OCTOBER 24, 2023

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.

Bookkeeping 218

Bookkeeping Virtual Bookkeeping Outsourced Bookkeeping Small Business Bookkeeping 218

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

OCTOBER 24, 2023

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.

Tax 288

Tax 288

FinOps in Practice

OCTOBER 24, 2023

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.

FinOps 130

FinOps FinOps 130

Fidesic blog

OCTOBER 24, 2023

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

Accounts Payable 130

Accounts Payable Accounts Payable AP Accounting 130

Accounting Today

OCTOBER 24, 2023

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

Tax 300

Tax 300

Insightful Accountant

OCTOBER 24, 2023

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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Accounting Today

OCTOBER 24, 2023

Commissioner Werfel encouraged Congress to keep the money coming.

Tax 329

Tax 329

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

OCTOBER 24, 2023

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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Accounting Today

OCTOBER 24, 2023

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.

Auditing 164

Auditing 164

Accounting Tools

OCTOBER 24, 2023

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

Financial Statements 76

Financial Statements Accounting Accounting 76

Accounting Today

OCTOBER 24, 2023

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

Tax 131

Tax 131

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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!

Accounting

Accounting Tools

OCTOBER 24, 2023

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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Nanonets

OCTOBER 24, 2023

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.

Purchase Order 59

Purchase Order Customer Service Collections Billing 59

Accounting Tools

OCTOBER 24, 2023

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.

Accounts Payable 75

Accounts Payable Accounts Payable Accounts Receivable Accounts Receivable 75

Tipalti

OCTOBER 24, 2023

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.

Financial Operations 52

Financial Operations Financial Operations 52

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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

OCTOBER 24, 2023

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.

Financial Statements 75

Financial Statements Bookkeeping Tax Accounting 75

Tipalti

OCTOBER 24, 2023

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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Accounting Tools

OCTOBER 24, 2023

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.

Financial Analysis 75

Financial Analysis Financial Statements Billing 75

Tipalti

OCTOBER 24, 2023

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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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

OCTOBER 24, 2023

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

Payroll 75

Payroll Auditing Accounting Accounting 75

Compleatable

OCTOBER 24, 2023

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.

Budgeting 20

Budgeting Invoicing Invoice Processing Accounting 20

Accounting Tools

OCTOBER 24, 2023

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.

Financial Analysis 40

Financial Analysis Financial Statements Cost Accounting Budgeting 40

NACM

OCTOBER 24, 2023

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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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

Accounting Tools

OCTOBER 24, 2023

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.

Accounts Receivable 40

Accounts Receivable Accounts Receivable Account Receivables Collections 40

Accounting Tools

OCTOBER 24, 2023

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.

Cost Accounting 40

Cost Accounting Accounting Accounting 40

Accounting Tools

OCTOBER 24, 2023

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.

Accounts Receivable 40

Accounts Receivable Accounts Receivable Account Receivables Accounting 40

Accounting Tools

OCTOBER 24, 2023

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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