Thu.Jul 20, 2023

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Software spending rose 25% in 12 months

Accounting Today

Recent data says that companies spent significantly more on software over the past year, with finance departments' spending in particular seeing major spikes.

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Smart Payables for Modern Businesses with Tipalti

Accounting Department

Tipalti offers a comprehensive solution for managing global payments, allowing businesses and finance departments to effortlessly automate their payment operations worldwide. This empowers them to adapt to evolving needs while prioritizing crucial initiatives and embracing digital transformation.

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Whitehouse aims to bring new perspectives to ITA

Accounting Today

Recently appointed the president of the Information Technology Alliance, Geni Whitehouse wants to be a bridge between small and middle-market businesses.

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Best Practices for Secure Financial Document Management on the Cloud

LedgerDocs

Cloud storage has become increasingly popular because of its numerous benefits, including accessibility, scalability, and cost-efficiency. However, entrusting sensitive financial data to the cloud can be nerve-wracking. As more and more personal information makes its way online, data security becomes a bigger concern. In this blog, we will outline some of the best practices for keeping financial documentation on the cloud while ensuring data integrity, confidentiality, and compliance.

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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: A jab well done

Accounting Today

Past tax problems, too; blaming the law; on pins and needles; and other highlights of recent tax cases.

Tax 246
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The 9th Annual Accounting Firm Operations and Technology Survey is Here

Insightful Accountant

The accounting profession’s first and only national, independent premier benchmark survey for practicing accounting, tax and bookkeeping professionals will remain open through Sept. 1.

More Trending

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The difference between net income and net cash flow

Accounting Tools

Related Courses Financial Analysis The Interpretation of Financial Statements What is Net Income? Net income is the revenues recognized in a reporting period, less the expenses recognized in the same period. This amount is generally calculated using the accrual basis of accounting , under which expenses are recognized at the same time as the revenues to which they relate.

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The productivity problem in accounting

Accounting Today

Did staff get more or less productive while they were working remotely during the pandemic — and why?

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QuickBooks Checking Simplifies Bank Feeds Matching

Insightful Accountant

You will save time due to the high-confidence recommended matches using QuickBooks Checks.

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In financial planning, is knowledge really power?

Accounting Today

When asking if knowledge in the hands of your clients is helpful … the argument can go both ways.

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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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Here’s How Business Process Automation Can Help Large Corporations Catch Errors, Fraud, and Theft

NextProcess

The larger a company grows, the more complex the business processes become. As budgeting, purchasing, expense reporting, accounting, and payments become more complex there’s a greater risk that errors, fraud, and theft could go unnoticed. Without careful oversight, it’s easy for errors to creep into spreadsheets, unethical spending to fly under the radar, and fraudulent requests to slip by.

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Powerball $1B winner hits jackpot twice in California

Accounting Today

California may have some of the highest personal income taxes in the country, but it's one of the few states that doesn't tax lottery wins.

Tax 100
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Part III: Data Puppy - Shrinking Datadog Costs

finout

Table of contents Use Committed Prices Transition from End of Month “Bill Shock” to Push-Based Daily Cost Monitoring Unit Economics of Your Observability Platform Scalable - Throughput and $ Wise Reduce Waste and Idle Monitoring Encourage Effective Monitoring State of Mind End Note

Billing 52
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Survey opens on accounting firm ops and tech

Accounting Today

The 9th Annual Accounting Firm Operations and Technology Survey will remain open through September 1.

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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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Oracle NetSuite Announces 'Guided Learning'

Insightful Accountant

NetSuite is empowering customers with embedded learning to help users leverage the power of the suite through training resources aimed at accelerating adoption and enhancing skills.

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How you buy crypto shouldn't decide if it's a security

Blake Oliver

Do I have this right? If you buy crypto. Directly ➡️ It's a security ✅ Indirectly ➡️ It's NOT a security ❌ So that means if a bank buys XRP from Ripple, it's a security. But it's not a security if the bank turns around and anonymizes the XRP sale to retail investors on an exchange. And it's not a security if even if Ripple *itself* sells its token anonymously on an exchange.

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Vacation pay definition

Accounting Tools

Related Courses Human Resources Guidebook Payroll Management What is Vacation Pay? Vacation pay is paid time off granted to an employee. This pay is usually accrued over time, where a certain proportion of vacation pay is earned for every hour of time worked. Under the accrual basis of accounting , the employer recognizes earned vacation pay as a liability as it is being earned (with a charge to the vacation expense account).

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How To Know If An App Will Survive; Big Tax Prep Sent Taxpayer Data to Facebook; Dearth of Accountants Visible In Financials

Cloud Accounting Podcast

The Accounting Podcast (formerly the Cloud Accounting Podcast) is the world's #1 accounting, bookkeeping, and tax podcast! Join us weekly for a roundup of accounting news, analysis, and interviews. Plus, earn free NASBA-approved CPE credits for listening with the Earmark app. Learn more at earmarkcpe.com. Sponsors Zoho - [link] Forwardly - [link] Accruer - [link] Chapters (00:00) - Preview: Owning your own accounting firm is a path to the upper middle class (00:59) - Welcome to The Accounting Po

Tax 40
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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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Variable interest entity definition

Accounting Tools

Related Courses Enterprise Risk Management GAAP Guidebook What is a Variable Interest Entity? A variable interest entity (VIE) is a legal entity in which an investor holds a controlling interest, despite not having a majority of its share ownership. A VIE has the following characteristics: The entity's equity is not sufficient to support its operations Residual equity holders do not control the VIE Residual equity holders are shielded from the gains and losses normally associated with ownership

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Part II: The Magic That Is In Datadog Pricing

finout

Table of contents Datadog Products in High Level Host Based Products Volume Based Products Active User Based Products Buy One Get Some for Free The Complexity of the Datadog Pricing Mental Model Next Up

FinOps 40
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Expense ratio definition

Accounting Tools

Related Courses Investing Guidebook What is the Expense Ratio? The expense ratio is the percentage of assets deducted by a fund manager from the accounts of its clients to pay for fees. These fees include the management fee, recordkeeping charges, audit fees, legal expenses, custodial fees, and related charges. Brokerage costs are not included in this calculation.

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CAAShing In New Ideas with Breanne Mode

Jetpack Workflow

Podcast Summary Basic understanding of what Client Accounting and Advisory Services are The culture and effectiveness at Cbiz Trade-offs in firm acquisition and merger conversations Resources Cbiz CAAS Double Your Accounting Firm Guide About Breanne Mode Today we welcome Breanne Mode on the podcast. Breanne is the Director of Client Accounting and Advisory Services (CAAS) at Cbiz.

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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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Variable rate bond definition

Accounting Tools

Related Courses Corporate Cash Management Corporate Finance Treasurer's Guidebook What is a Variable Rate Bond? A variable rate bond is a bond whose stated interest rate varies as a percentage of a baseline indicator, such as the prime rate. Jumps in the baseline indicator can lead to substantial increases in interest rates, so this is a riskier form of financing for the issuer.

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Part I: Getting Around the Datadog Pricing Model

finout

Table of contents Introduction Datadog Cost 101 Why Should We Even Care About Datadog Costs? It’s Not Your Core Competence Scalable - Throughput and $ Wise Implicitly Increases With Infrastructure Scaling Difficult To Forecast So Why Not Just Use Datadog Usage Dashboards?

FinOps 40
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Cost of revenue definition

Accounting Tools

Related Courses The Income Statement The Interpretation of Financial Statements What is the Cost of Revenue? The cost of revenue is the total cost incurred to obtain a sale and the cost of the goods or services sold. Thus, the cost of revenue is more than the traditional cost of goods sold concept, since it includes those specific selling and marketing activities associated with a sale.

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Part III: Data Puppy - Shrinking Data Dog Costs

finout

Table of contents Use Committed Prices Transition from End of Month “Bill Shock” to Push-Based Daily Cost Monitoring Unit Economics of Your Observability Platform Scalable - Throughput and $ Wise Reduce Waste and Idle Monitoring Encourage Effective Monitoring State of Mind End Note

Billing 40
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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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The acquisition process

Accounting Tools

Related Courses Business Combinations and Consolidations CPA Firm Mergers and Acquisitions Divestitures and Spin-Offs Mergers & Acquisitions Step 1. Research Target Companies The acquisition process can cover many months and involve a multitude of steps, so the acquirer needs to have a firm sense of what it wants to get out of each transaction, as well as a detailed checklist for doing so.

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IRS whistleblowers say Hunter Biden got preferential treatment

Accounting Today

Two agents complained that Justice Department officials "slow-walked" the probe and a U.S. attorney didn't charge the president's son when they should have.

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Electronic check definition

Accounting Tools

Related Courses Corporate Cash Management Payables Management What is an Electronic Check? An electronic check is a payment made via an electronic payment system or the Internet, replacing a traditional paper-based check. Payments are made from the payer's bank account. A common type of electronic check is direct deposit , which is used by employers to make payroll payments directly into the bank accounts of their employees.

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Chris Christie wouldn't repeal Trump's SALT cap if elected president

Accounting Today

The former governor said he would keep in place a cap on state and local tax deductions, declining to roll back a policy that has become a flashpoint for taxpayers in New York and his state of New Jersey.

Tax 100
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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.