Tue.May 21, 2024

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GASB plans new standards and guidance for accountants

Accounting Today

The Governmental Accounting Standards Board is getting ready to roll out new rules and proposals for state and local governments, including improvements to the financial reporting model, classification of capital assets, and measurement of infrastructure assets.

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QuickBooks Desktop is Sunsetting - Here's What You Need to Know

Accounting Department

In a move that mirrors the broader trend towards cloud-based solutions, QuickBooks has announced it is sunsetting its Desktop version. If you're a QuickBooks user or a small business owner reliant on this software, this news may initially sound alarming. However, this transition opens up a new chapter of efficiency, accessibility, and integrated services through QuickBooks Online.

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Ohio tornado victims get filing relief

Accounting Today

The IRS is postponing tax and filing deadlines for storm victims.

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4 Ways Accountants & Bookkeepers Can Turn Client Payroll & HR Data Into Business Intelligence

The Successful Bookkeeper

For bookkeepers, learning is continuous, and this season provides a great opportunity to refocus and level up.

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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

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EY, KPMG upgrade AI capacities for auditors

Accounting Today

Both Big Four firms announced significant upgrades to its AI capacities for audit and assurance work.

Auditing 247
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QuickBooks Online Payroll: "New" Digitized I-9 Form

Insightful Accountant

QuickBooks Online Payroll has recently added a digitized I-9 process that works as part of QuickBooks Workforce. Murph takes you through the steps of using this new functionality.

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The Strategic Benefits of Outsourcing Bookkeeping for Small Businesses

Less Accounting

For small businesses, finding the right balance between managing core operations and handling finances can be challenging. Bookkeeping is crucial for understanding your business’s financial health but can be time-consuming and error-prone if not managed properly. Outsourcing bookkeeping services offers a solution that blends cost savings, efficiency, and expert financial insights, which can be transformative for small businesses.

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PCAOB fines MaloneBailey $400K for quality control violations

Accounting Today

The Public Company Accounting Oversight Board has levied a $400,000 fine against MaloneBailey and sanctioned the auditingfirm for pervasive quality violations.

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Top Challenges Accounting Firms Face – Blog Series Part 3 – Moving to Advisory

Ace Cloud Hosting

Welcome to the third installment of our blog series on accounting firms’ top challenges. In the previous blog, we explored the challenges of adopting IT and innovation in the industry.

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75% of UK audits failed to raise alarm before collapses

Accounting Today

The Audit Reform Lab published a report analyzing Britain's audit industry after high-profile corporate collapses and criticism.

Auditing 179
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Live Demo - Supercharge your Month End Close

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

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11 Best ERP Systems for Small Businesses in 2024

Ace Cloud Hosting

“Are you looking to choose the best Enterprise Resource Planning (ERP) Solution for your business?” Many ERP systems are available to help businesses of all sizes effectively manage their workload.

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How being a camp counselor helped me become a CPA

Accounting Today

While being a camp counselor is a rite of passage for many college students, it's not an obvious prerequisite for a career in audit. But it should be!

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Optimizing Business Processes With Top Workflow Management Tools

Invoicera

Introduction Do you always feel mixed up trying to get your team on the same track? Or are you losing valuable time and resources because of messy processes? If so, no worries. You’re not alone – many businesses face these very challenges. According to a study, only 4 out of 10 employees feel their company gives clear instructions on how to complete work.

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INCPAS conference talks diversity: 'It's a simple math problem'

Accounting Today

"If we don't diversify, we're not going to have enough CPAs," said INCPAS president and CEO Courtney Kincaid.

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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.

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Client Communication Essentials for Accountants

Insightful Accountant

Whether you're a new accountant or a seasoned professional, it's always good to remember the importance of good communication.

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In the blogs: Speculation rules

Accounting Today

IRS errors; hiring your kids; investment fund audits; and other highlights from our favorite tax bloggers.

Auditing 140
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Kubernetes Cost Optimization: 4 Cost Factors & 6 Cost Cutting Tips

finout

What Is Kubernetes Cost Optimization? Kubernetes cost optimization involves managing and reducing expenses associated with operating Kubernetes clusters. It focuses on efficient resource allocation, ensuring that applications run with the resources they need, without over-provisioning. This process considers various factors like compute, storage, and network resources to identify cost-saving opportunities while maintaining performance and reliability.

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Accounts Receivable Trends

oAppsNet

The rapidly evolving business landscape has spotlighted the critical function of accounts receivable (AR). AR practices are undergoing significant transformations as technologies advance and global markets expand. These changes aim to enhance operational efficiency, improve customer experiences, and adapt to the globalized economy. This comprehensive examination of current AR trends offers insights into how businesses can navigate these shifts, optimize their AR processes, and harness opportunit

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Your Accounting Expertise Will Only Get You So Far: What Really Matters

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. 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 (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). 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.

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Cloud FinOps: Ultimate Guide to Principles, Tools & Practices

finout

What Is FinOps? FinOps, or Financial Operations, is an operational framework for deriving maximal value from cloud computing, while providing the data necessary for strategic decision making, and encouraging financial accountability for the use of cloud resources. FinOps is also a cultural practice that promotes collaboration between development, finance, and business teams, with each group taking ownership for cloud usage, supported by a central FinOps group.

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7 Best Practices for effective Account Reconciliations

Nanonets

Seven Best Practices for Effective Account Reconciliations From Mesopotamia's rudimentary ledgers tracking livestock and crops to the second-century BCE Indian treatise " Arthashastra ", accounting has been a cornerstone of economic management in any civilized society. Today, amidst burgeoning global commerce and rapidly expanding business operations, the importance of accounting operations endures.

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Kubernetes Cost Monitoring: How It Works & 6 Ways to Optimize Costs

finout

What Is Kubernetes Cost Monitoring? Cost monitoring in Kubernetes involves tracking the resources used by applications running in Kubernetes clusters, such as CPU, memory, and storage, to manage expenses. This process helps organizations understand where and how cloud resources are being consumed, enabling more informed budgeting and resource allocation decisions.

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The Top 23 Questions to Ask in an Accounting Interview

Future Firm

Find, identify, and land the very best accounting professionals with this list of the best 23 questions to ask in an accounting interview. The post The Top 23 Questions to Ask in an Accounting Interview appeared first on Future Firm.

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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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Kubernetes Pricing: The True Cost of K8s & 5 Ways to Reduce It

finout

What Is the Cost of Kubernetes? Kubernetes is the world’s most popular container orchestrator. While the Kubernetes software itself is open-source and free, running it in a cloud environment or on-premises servers incurs costs based on the scale, resources used, and the specific cloud provider or hardware chosen.

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How To Do Accounts Receivable Reconciliation

Nanonets

Accounts receivable reconciliation is a crucial process within accounting and financial management practices undertaken regularly by a business. As transactions with customers and clients occur, businesses generate accounts receivable, which represent amounts owed to them for goods and services sold or rendered. Reconciling accounts receivable involves comparing the balances in the accounts receivable ledger with supporting documentation, such as invoices, receipts, and customer payments.

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Top Challenges Accounting Firms Face – Blog Series Part 4 – How Safe is IT?

Ace Cloud Hosting

In the third blog of the series “Top Challenges Accounting Firms Face,” Ace Cloud covered why accounting firms should move towards advisory and how they can tackle it. In Part.

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Member Spotlight: Learning Never Stops

NACM

NACM's Professional Certification Program provides all credit professionals—whether early staged or seasoned ones, education to explore the role of credit even deeper. As a credit professional who has been in the industry for eight years, Asia Rashid, CICP, supervisor at Al Ghandi Auto (Dubai, United Arab Emirates), said she was looking t.

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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.