Thu.Feb 01, 2024

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Melancon looks to build accounting pipeline amid tax changes

Accounting Today

American Institute of CPAs president and CEO Barry Melancon discussed the new tax extenders bill that's working its way through Congress, along with a variety of issues affecting the accounting profession, during a wide-ranging talk Thursday at the Accountants Club of America in New York.

Tax 300
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Intuit and Khan Academy Team Up to Offer Free Financial Education to Students and Teachers

Intuit

Today, we announced a new initiative with Khan Academy that aims to empower educators and students with free financial education tools. With the help of Khan Academy, we’re working toward our goal of engaging 50 million students with free learning resources by 2030. Intuit and Khan Academy have a shared goal to provide free financial resources to all high school students across the United States.

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Five cash flow trends impacting small businesses

Xero

Over the last 12 months, we’ve surveyed over 4,500 small business owners across the globe to find out how they’re managing cash flow amidst macroeconomic conditions such as high inflation and interest rates. The survey findings became a series of Money Matters reports that were released in Australia , Canada , New Zealand , Singapore , the United Kingdom and the United States.

XERO 266
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20 Years of 1099s at AccountingDepartment.com

Accounting Department

It is that time of the year again, tax season. Many businesses dread this time of the year - it's tough. But thankfully, it's not as tough when you have the unrivaled support of AccountingDepartment.com.

Tax 234
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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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Tax Fraud Blotter: We have a winner

Accounting Today

Mule the merrier; cashing out; going for the gold; and other highlights of recent tax cases.

Tax 281
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Can Using a FinOps Score Help Advance Your Practice?

FinOps Foundation

Key Insight Google Cloud’s FinOps Hub gives teams a central place to measure and improve your FinOps practice at crawl, walk, and run stages. Summary PRACTITIONER FOCUS : Early tooling was designed for engineers, but Google Cloud’s 2023 roadmap aimed to address the needs of FinOps practitioners. DATA : Google Cloud added more metadata in BigQuery exports and went from having 40% of all costs covered by granularity to having 70% of costs covered by granularity, with plans to achieve 100%.

FinOps 130

More Trending

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The Great Debate: Optimize Usage or Rates First?

FinOps Foundation

Key Insight AWS Cost Optimization Hub deduplicates competing recommendations from AWS cost optimization tools, so practitioners can optimize usage and rates simultaneously, and trust the savings number that they see is achievable. Summary Cost Optimization Hub : Cost Optimization Hub pulls recommendations from all AWS cost optimization products together and deduplicates competing recommendations, so customers can optimize usage and rates simultaneously, and trust the savings number that they see

FinOps 130
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What is Accounts Receivable Automation, and how can you leverage it for your business?

Cevinio

What is Accounts Receivable Automation, and how can you leverage it for your business? Introduction The efficiency and accuracy of your financial processes play a pivotal role in the success of your business. One such critical aspect is managing Accounts Receivable (AR). This encompasses a range of tasks, from sending invoices and confirming their receipt to chasing overdue payments and updating customer records.

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The Great Debate: Optimize Usage or Cost First?

FinOps Foundation

Key Insight AWS Cost Optimization Hub deduplicates competing recommendations from AWS cost optimization tools, so practitioners can optimize usage and rates simultaneously, and trust the savings number that they see is achievable. Summary Cost Optimization Hub : Cost Optimization Hub pulls recommendations from all AWS cost optimization products together and deduplicates competing recommendations, so customers can optimize usage and rates simultaneously, and trust the savings number that they see

FinOps 130
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Do audit opinions matter?

Accounting Today

Audit reports contain significant, material information, argues accounting educator J. Edward Ketz.

Auditing 136
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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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Can Using a FinOps Score Help Any Practitioner Advance Their Practice?

FinOps Foundation

Key Insight Google Cloud’s FinOps Hub gives teams a central place to measure and improve your FinOps practice at crawl, walk, and run stages. Summary PRACTITIONER FOCUS : Early tooling was designed for engineers, but Google Cloud’s 2023 roadmap aimed to address the needs of FinOps practitioners. DATA : Google Cloud added more metadata in BigQuery exports and went from having 40% of all costs covered by granularity to having 70% of costs covered by granularity, with plans to achieve 100%.

FinOps 130
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How Drake Tax Software on Cloud Benefits Tax Professionals in 2024

Ace Cloud Hosting

While there are multiple software solutions for tax preparers, Drake is among the most preferred choices. Features like Drake Scheduler, e-signature, Drake Tax Planner, etc., help them prepare accurate tax.

Tax 110
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How to Optimize Usage and Rates Simultaneously

FinOps Foundation

Key Insight AWS Cost Optimization Hub deduplicates competing recommendations from AWS cost optimization tools, so practitioners can trust that the potential savings number is achievable. Summary Cost Optimization Hub : Cost Optimization Hub pulls recommendations from all AWS cost optimization products together and deduplicates competing recommendations, so customers can optimize usage and rates simultaneously, and trust the savings number that they see is achievable.

FinOps 130
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Avalara updates partner program

Accounting Today

Tax solutions provider Avalara announced updates to its partner program.

Tax 141
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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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Use a FinOps Score to Measure Improvements in Your Practice

FinOps Foundation

Key Insight Google Cloud’s FinOps Hub gives teams a central place to measure and improve your FinOps practice at crawl, walk, and run stages. Summary PRACTITIONER FOCUS : Early tooling was designed for engineers, but Google Cloud’s 2023 roadmap aimed to address the needs of FinOps practitioners. DATA : Google Cloud added more metadata in BigQuery exports and went from having 40% of all costs covered by granularity to having 70% of costs covered by granularity, with plans to achieve 100%.

FinOps 130
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ADP launches generative AI assistant

Accounting Today

ADP announced the launch of ADP Assist, a generative AI assistant.

Payroll 131
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How to Optimize Usage and Rates Simultaneously

FinOps Foundation

Key Insight AWS Cost Optimization Hub deduplicates competing recommendations from AWS cost optimization tools, so practitioners can trust that the potential savings number is achievable. Summary Cost Optimization Hub : Cost Optimization Hub pulls recommendations from all AWS cost optimization products together and deduplicates competing recommendations, so customers can optimize usage and rates simultaneously, and trust the savings number that they see is achievable.

FinOps 130
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Meet 2023 International ProAdvisor - Non-Americas Award Winner : Emma Fabbro

Insightful Accountant

We sat down with Emma to get her thoughts on being the 2023 International ProAdvisor: Non-Americas Award Winner, her journey, her path to success and helping her clients understand the numbers behind their business.

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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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Can Using a FinOps Score Help Any Practitioner Advance Their Practice?

FinOps Foundation

Key Insight Google Cloud’s FinOps Hub gives teams a central place to measure and improve your FinOps practice at crawl, walk, and run stages. Summary Practitioner Focus : Early tooling was designed for engineers, but Google Cloud’s 2023 roadmap aimed to address the needs of FinOps practitioners. Data : Google Cloud added more metadata in BigQuery exports and went from having 40% of all costs covered by granularity to having 70% of costs covered by granularity, with plans to achieve 100%.

FinOps 130
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Meet 2023 International ProAdvisor - Non-Americas Award Winner : Emma Fabro

Insightful Accountant

We sat down with Jennie to get her thoughts on being the 2023 International ProAdvisor: Non-Americas Award Winner, her journey, her path to success and helping her clients understand the numbers behind their business.

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Optimize Usage and Rates Simultaneously

FinOps Foundation

Key Insight AWS Cost Optimization Hub deduplicates competing recommendations from AWS cost optimization tools, so practitioners can trust that the potential savings number is achievable. Summary Cost Optimization Hub : This new hub pulls recommendations from all AWS cost optimization products together and deduplicates competing recommendations, so customers can optimize usage and rates simultaneously, and trust the savings number they see.

FinOps 130
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A Guide for Bookkeepers and Accountants to Have Better Client Conversations.

LedgerDocs

As a numbers person, you are probably a wiz when it comes to managing your clients bookkeeping tasks. But many of us accountants and bookkeepers struggle with the communication aspect of working with our clients. It just doesn’t seem to come to us as naturally as the numbers do sometimes. We have created this guide to help give you some simple tips to improve your communication with your clients.

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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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Optimize Usage and Rates Simultaneously in Increments

FinOps Foundation

Key Insight AWS Cost Optimization Hub deduplicates competing recommendations from AWS cost optimization tools so practitioners can address usage and rate optimization simultaneously. Summary Cost Optimization Hub : This new hub pulls recommendations from all AWS cost optimization products together and deduplicates competing recommendations, so customers can trust that the potential savings number is achievable.

FinOps 130
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Intuit Announces Black History Month Survey Results

Insightful Accountant

Intuit QuickBooks has released the results from its Black History Month survey revealing the top challenge facing Black small business owners is 'inflation.

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FinOps Hub: Designed for Practitioners to Measure and Improve their Practice

FinOps Foundation

Key Insight Google Cloud’s FinOps Hub gives teams a central place to measure and improve your FinOps practice at crawl, walk, and run stages. Summary Google Cloud’s 2023 roadmap aimed to better address the needs of FinOps practitioners. Data Usability More granular data in the console: – Went from 40% of all costs covered by granularity to 70%.

FinOps 130
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What is Accounts Payable (AP) Automation?

Nanonets

In the rapidly evolving business landscape, the efficiency of Accounts Payable (AP) processes is no longer just a back-office concern but a strategic imperative. The complexity and resource-intensive nature of traditional AP work is becoming unsustainable, particularly in the face of growing demands for speed and accuracy. Accounts Payable (AP) automation is the use of technology to streamline and improve the process of managing a company's bills and payments owed to others.

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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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Finps Score Measures Improvements in Your Practice

FinOps Foundation

Key Insight Google Cloud’s FinOps Hub gives teams a central place to measure and improve your FinOps practice at crawl, walk, and run stages. Summary Practitioner Focus : Early tooling was designed for engineers, but Google Cloud’s 2023 roadmap aimed to address the needs of FinOps practitioners. Data : Google Cloud added more metadata in BigQuery exports and went from having 40% of all costs covered by granularity to 70%.

FinOps 100
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Understanding the Impact of Unbilled Receivables on Your Bottom Line

Billing Platform

Common among subscription-based software-as-a-service (SaaS) businesses, unbilled receivables is revenue the company has earned, with invoices sent in arrears. Simply put, unbilled receivables equates to the amount of revenue that is billable. For subscription-based companies, revenue is received on a monthly, quarterly, or annual basis even if invoices have yet to be generated.

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FinOps Score Helps Practitioners to Measure and Improve their Practice

FinOps Foundation

Key Insight Google Cloud’s FinOps Hub gives teams a central place to measure and improve your FinOps practice at crawl, walk, and run stages. Summary Practitioner Focus : Early tooling was designed for engineers, but Google Cloud’s 2023 roadmap aimed to address the needs of FinOps practitioners. Data : Google Cloud added more metadata in BigQuery exports and went from having 40% of all costs covered by granularity to 70%.

FinOps 100
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Is My Payroll in Compliance With the IRS?

CSI Accounting & Payroll

When you do your own payroll or you’re just starting payroll with the assistance of a payroll service, you may wonder if your payroll is following all of the rules. The first thing that comes to mind is the federal government since it’s the largest authority that your payroll has to be in compliance with. When there are audits, penalties, and interest on the line, how do you know if your payroll is in compliance with the IRS?

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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.