Accounting Today
MARCH 8, 2024
The unemployment rate increased two-tenths of a point to 3.9% and the BLS revised downward the job numbers for December and January, indicating some softening in the labor market.
Accounting Department
MARCH 8, 2024
We are thrilled to announce that Episode 14 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.
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Accounting Today
MARCH 8, 2024
Cherry Bekaert Foundation partners with Junior Achievement USA to provide $100K in grant donations; Maner Costerisan promotes 11; and more news from across the profession.
Accounting Department
MARCH 8, 2024
Happy International Women's Day!
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 Today
MARCH 8, 2024
A bill backed by the Minnesota Society of CPAs that would ease the path to a CPA license has moved forward in the Minnesota Senate.
Ace Cloud Hosting
MARCH 8, 2024
One of the most preferred professional tax software for CPAs, small accounting firms, and individual tax preparers, ATX is easy to use and has a forms-based interface. It is readily.
Financial Ops World brings together the best financial operations content from the widest variety of thought leaders.
LedgerDocs
MARCH 8, 2024
“To err is human.” It is within human nature to be imperfect and to make mistakes. It is one of our biggest obstacles when it comes to bookkeeping, where accuracy is paramount. As we move deeper into the digital age, we have created artificial intelligence to help us offset this weakness. In this blog post, we will explore the key role that AI plays in reducing bookkeeping, data entry, and classification errors.
Accounting Today
MARCH 8, 2024
Some companies are misrepresenting when food and wellness expenses can be paid for by FSAs, HSAs and other health spending plans.
Blake Oliver
MARCH 8, 2024
Blake’s conversation with Kendale King, CPA, gives an insider’s view into the intriguing world of entertainment finance. Kendale shares his transition from Big Four auditor to accounting for multi-million dollar studio deals. You’ll see a new side of accounting blending creativity with business strategy. Gain insight into entertainment studios’ complex “Hollywood Accounting” practices around profit participation and residuals.
Accounting Today
MARCH 8, 2024
Advisors must be attuned to the emotional factors at play, since no two clients have the same relationship with money.
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.
Cloud Accounting Podcast
MARCH 8, 2024
Blake and David meet with Chris Vanover, President of CPAClub, about the recent $2 million PCAOB fine against Withum for poor audit quality on many 2021 SPAC audits. They examine Withum's 500% increase in audits with minimal staff growth, leading to overworked teams and partners working 100+ hour weeks. They also debate whether the fines are large enough to change behavior or just a cost of doing business.
Accounting Today
MARCH 8, 2024
Plus, Baker Tilly solution helps find clean energy credits; and other updates from the accounting tech world.
Economize
MARCH 8, 2024
Amazon Web Services’ Relational Database Service (AWS RDS), a managed database service that streamlines database administration tasks, making it easier for developers to set up, operate, and scale databases in the cloud.
Accounting Today
MARCH 8, 2024
Accountants are known to be 'good with numbers', but that doesn't mean they enjoy entering the same data repeatedly into different systems.
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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!
NextProcess
MARCH 8, 2024
Are errors hurting your business? It can be a hard question to answer. If you can identify the impact of errors, then you can take steps to correct them. But often, errors slip in that you don’t even know about and so it’s hard to track how much they might be damaging your company. If your company relies on manual data entry, then you can guarantee there are errors in your spreadsheets.
Accounting Today
MARCH 8, 2024
The stock rose as much as 22% in Madrid on Friday after Spanish plasma maker published its annual consolidated accounts with an unqualified opinion from KPMG
CSI Accounting & Payroll
MARCH 8, 2024
Setting up your chart of accounts is one of the first things you do when starting bookkeeping for your business, and it can also change over time. There’s not a “one size fits all” chart of accounts; the categories on it will vary based on your business’s needs and the information you want to focus on. How do you know if you have the right categories?
Accounting Today
MARCH 8, 2024
The company's Solopreneur Accelerator program will provide tax and accounting services to people who work for themselves.
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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.
Nanonets
MARCH 8, 2024
As the hubs for patient care and medical administration, hospitals often manage vast amounts of paperwork and documentation. The traditional reliance on manual data entry consumes valuable time and introduces the risk of errors that can have critical consequences. Enter Optical Character Recognition (OCR) software is a technological marvel reshaping how hospitals handle documentation processes.
Dext
MARCH 8, 2024
We invited renowned tax expert, Paul Aplin OBE, to share his thoughts on the announcement of the Spring Budget. As usual, Paul provides a simple breakdown of complex changes, and what they mean for the wider industry. We hope you find it useful.
Accounting Fun
MARCH 8, 2024
"There's money. And then there's MY money" - Anonymous client to accountant about funding a forthcoming tax bill "Money is better than poverty, if only for financial reasons" - Woody Allen "I can't afford to die; I'd lose too much money" - George Burns "One of the mysteries of human conduct is why adult men and women are ready to sign documents they have not read, at the behest of salesmen they don't know, binding them to pay for articles they do not want, with money they do not have." - Gerald
Accounting Tools
MARCH 8, 2024
What are Accounts Written Off? Accounts written off are those invoices to customers that are considered uncollectible, and which have therefore been removed from the accounts receivable account. Doing so reduces the accounts receivable report to just those customer invoices that are considered to be collectible. This is a benefit for the collections staff, since uncollectible items are being purged from the accounts receivable report - which they use to determine which customers to call about ov
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.
NACM
MARCH 8, 2024
On today's episode of Extra Credit … ? As credit departments become more modern with new automation platforms and software, credit managers must prepare to handle any challenges that come their way.? The best way credit teams can ensure the success of any technology transformation is with change management.? Why it matters: It's about managing.
Accounting Tools
MARCH 8, 2024
What is Accrued Rent? Accrued rent expense is the amount of rent cost that has been incurred by a renter during a reporting period , but not yet paid to the landlord. In practice, this amount is small to nonexistent, since landlords typically insist on rent being paid in advance. If there is an accrued rent expense, it can indicate that a renter does not have sufficient cash to pay the landlord on a timely basis.
Accounting Tools
MARCH 8, 2024
What is an Accounting Information System? An accounting information system is one that accumulates, stores, and processes financial and accounting information. The system generates reports that are used to make decisions regarding how an organization is to be run. These reports are also used by outsiders to evaluate lending and investment opportunities with the firm.
Accounting Tools
MARCH 8, 2024
What is Accrued Rent Receivable? Accrued rent receivable is the amount of rent that a landlord has earned, but for which payment from the tenant is still outstanding. This situation arises when a tenant has made use of property owned by the landlord, but has not yet paid the agreed-upon amount of rent for that usage period. This entry is made as part of the closing process at the end of each reporting period.
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 Tools
MARCH 8, 2024
What is Advertising Expense? Advertising expense is a general ledger account in which is stored the consumed amount of advertising costs. The balance in this account is reset to zero at the end of each fiscal year , so that it can be populated in the next year with new advertising expenses. Classification of Advertising Expense Advertising expense is classified as an operating expense.
Accounting Tools
MARCH 8, 2024
What is a Condensed Balance Sheet? A condensed balance sheet is a statement of changes in financial position that is presented in a highly aggregated format. This form of presentation may be used in combination with a complete set of condensed financial statements , when the intent is to present just the highlights of an entity’s assets , liabilities and equity.
Accounting Tools
MARCH 8, 2024
What is a Call Premium? A call premium is the excess amount over the par value of a bond that the issuer is willing to pay in order to redeem a bond before its maturity date. The call premium is stated as a specific monetary value over a bond’s par value, rather than a percentage amount. Depending on the terms of the bond agreement, the call premium usually declines as the current date approaches the maturity date.
Accounting Tools
MARCH 8, 2024
What is an Extraordinary Gain? An extraordinary gain is a gain resulting from a business transaction that is rare and highly unusual. Extraordinary gains are much less frequently reported than extraordinary losses. Businesses have an incentive to include the gains in their operating results to make their performance look better, while there is an incentive to exclude extraordinary losses from operating results, also in order to make company performance look better.
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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.
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