Tue.Nov 07, 2023

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Nonprofits see revenue decline

Accounting Today

Not-for-profit organizations are putting more emphasis on cutting costs as they face the prospect of donors giving them less, according to a new survey.

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Building a strong network to grow your career

Intuit

Networking plays a crucial role in any career journey, but sometimes it’s hard to know where to start and how to get the most out of every interaction. Recently, Chief Diversity, Equity, and Inclusion Officer (CDEIO) and VP of Talent Development at Intuit, Humera Shahid, sat down with Toronto Intuit employees to chat about all things networking and how to use it to grow your career.

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Meet the 2023 Best Firms for Young Accountants

Accounting Today

A look inside the 10 best places to start a career in accounting.

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Spend Management Principles and Strategies for SMB's

Accounting Department

One of the most important aspects of running a successful business is managing the money that comes in and goes out. However, this can be especially tricky for small to medium-sized businesses, which often have fewer resources and smaller budgets to work with.

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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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20 states that burden taxpayers the least

Accounting Today

The best five states have an average total tax burden of 5.97%.

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Fidesic Features Spotlight: Invoice Processing

Fidesic blog

It’s time to check in and talk about our feature of the month in the Fidesic app. Today we are giving a shout out to our invoice processing module.

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Xero’s H1 FY24 financial results: Evolving Xero to deliver on our global aspirations

Xero

Today we announced Xero’s half year financial and operating results to 30 September 2023 (H1 FY24). The results highlight our continued strong revenue growth, which contributed to Xero’s emerging profitability. The strong operating results saw operating revenue up 21% (20% in constant currency (CC)) to $799.5 million. This, along with disciplined cost management and restructuring outcomes, supported a 90% increase in EBITDA compared to H1 FY23, to $206.1 million.

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PwC to cut around 600 U.K. jobs

Accounting Today

The bulk of the cuts will be aimed at the advisory division.

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On-demand AP Automation software demo

Cevinio

On-demand product demo: Join us for an interactive and engaging product demo that will give you an in-depth look at how processing invoices with Cevinio AP Automation software works. Are you struggling with manual and time-consuming invoice processing workflows, which are often lengthy and tedious? Are you looking for ways to optimize your accounts payable process?

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10% of S&P 500 companies disclosed cybersecurity incidents

Accounting Today

Only four companies said the events were "material.

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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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Register For the #IgnitionPrecon at QB Connect

Insightful Accountant

Insightful Accountant is thrilled to be kicking off QuickBooks Connect 2023 as a Silver Media partner for Ignition’s highly anticipated Precon party!

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Krulak's Law: How frontline staff reflects your brand

Accounting Today

Very few firms are asking themselves how they can make sure their client service associates are doing the very best job they can.

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How To Create A Sales Forecast For The New Year

Reconciled Solutions

Fall is in the air, and I’m breathing in the scents of fourth-quarter planning. As an entrepreneur, I revel in wiping the slate clean. This. The post How To Create A Sales Forecast For The New Year appeared first on Reconciled Solutions.

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In the blogs: Minimum standards

Accounting Today

CPAs' real pay; crypto data released; factoring receivables; and other highlights from our favorite tax bloggers.

Tax 131
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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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Why QB Desktop File Optimization May Fail

Insightful Accountant

Returning to his old ‘Desktop tech tinkering,’ Murph tips you off on how to prevent ‘file optimization’ failures.

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Herbein acquires Creese, Smith, Hune & Co.

Accounting Today

The Pennsylvania-based firm is expanding in Pittsburgh.

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The difference between turnover and profit

Accounting Tools

Related Courses Business Ratios Guidebook Financial Analysis The Interpretation of Financial Statements Comparing Turnover and Profit Turnover is the net sales generated by a business, while profit is the residual earnings of a business after all expenses have been charged against net sales. Thus, turnover and profit are essentially the beginning and ending points of the income statement - the top-line revenues and the bottom-line results.

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The Future Of Billing: Exploring Subscription-Based Models For Sustained Growth

Invoicera

Introduction Are you finding it difficult to predict your monthly revenue? Or are you struggling to retain your existing customers and get on-time payments? If yes, you must switch to subscription-based models for long-term sustainability. These models not only boost your revenue but also provide a sustainable path for business growth. A report by Gartner says 75% of organizations offering services directly to clients would project subscription services by 2023.

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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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Is sales tax an expense or a liability?

Accounting Tools

Related Courses Sales and Use Tax Accounting Sales tax is a state and local tax paid by the buyer of goods and services at the point of sale. It is derived by multiplying the price paid by the sales tax rate. There are three different scenarios involving sales taxes, and the accounting treatment varies in each scenario. They are noted below. Sales Taxes for Sales to Customers In this most common scenario, a company sells its products to customers , and charges them a sales tax on behalf of the l

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The Future Of Billing: Exploring Subscription-Based Models For Sustained Growth

Invoicera

Introduction Are you finding it difficult to predict your monthly revenue? Or are you struggling to retain your existing customers and get on-time payments? If yes, you must switch to subscription-based models for long-term sustainability. These models not only boost your revenue but also provide a sustainable path for business growth. A report by Gartner says 75% of organizations offering services directly to clients would project subscription services by 2023.

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Accounting for income taxes

Accounting Tools

Related Courses Accounting for Income Taxes How to Account for Income Taxes The essential accounting for income taxes is to recognize tax liabilities for estimated income taxes payable, and determine the tax expense for the current period. Before delving further into the income taxes topic, we must clarify several concepts that are essential to understanding the related income tax accounting.

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How AI Can Drive Environmental and Social Responsibility

Dext

Environmental, social and governance (ESG) factors are becoming increasingly central to accounting. These factors represent a substantive shift in how we define business success and responsibility. With the emergence of new technologies, the accounting industry is positioned to be a leader in this important evolution.

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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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Short term sources of funds

Accounting Tools

Related Courses Corporate Cash Management Corporate Finance Treasurer's Guidebook What are Short Term Sources of Funds? There are many short-term sources of funds available to a company, which require varying levels of collateral , personal guarantees, and interest expense. Here is a listing of potential sources of short-term funds: Delay Paying Suppliers You can delay paying suppliers , but they may eventually retaliate with higher prices or a lower order priority.

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Revolutionizing Accounts Payable Automation: Gravity Software Unveils Cutting-Edge AI Technology Powered by Microsoft’s Cognitive Services AI Engine

Insightful Accountant

As part of its unwavering commitment to enhancing multi-entity accounting efficiency, Gravity Software® is proud to introduce new AI technology to transform accounts payable processes.

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Profit and loss statement definition

Accounting Tools

Related Courses The Balance Sheet The Income Statement The Interpretation of Financial Statements What is a Profit and Loss Statement? A profit and loss statement aggregates the revenues , expenses , and profits or losses of a business. This report portrays the financial results of a business for a specific period of time, such as for a month, quarter, or year.

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Today's QB Talks is Your Guide to QuickBooks Connect

Insightful Accountant

Join Kristen Nies Ciraldo and Kelly G for today's 'QB Talks' at 2 p.m. (EST). They will 'chat you up' and take you touring the upcoming 'QuickBooks Connect' in Vegas.

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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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Boilerplate definition

Accounting Tools

Related Courses Essentials of Business Law What is Boilerplate? Boilerplate refers to the standard legal text in a contract, which is rarely changed. Boilerplate text is normally inserted into a contract by the creator of the contract, who does not allow the other party to the contract to alter it. For this reason, boilerplate typically favors the interests of the contract creator.

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Secure Early-Bird Pricing for Credit Congress 2024 in Las Vegas!

NACM

NACM's 128th Credit Congress will be held in Las Vegas, NV from June 9-12, 2024. With networking, educational seminars and a chance to explore and enjoy entertainment in the city, this Credit Congress is one opportunity you do not want to miss!With several sessions offered, credit professionals are able to learn and connect with others on any issue.

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How to calculate margins

Accounting Tools

Related Courses Business Ratios Guidebook The Interpretation of Financial Statements A margin is the difference between sales and expenses. There are a number of margins that can be calculated from the information located in the income statement , which give the user information about different aspects of an organization's operations. The contribution margin and gross margin examine different aspects of the amounts earned from the sale of products and services prior to selling and administrative

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Yellen defends IRS against cuts, plans ambitious tax season

Accounting Today

The Treasury secretary addressed a group of service employees as the agency fends off cuts pushed by House Republicans.

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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.