Thu.Aug 24, 2023

article thumbnail

Recruiting and retention in accounting: 'We've got a lot of work to do'

Accounting Today

At the Illinois CPA Society's annual summit, a deep dive into how the profession needs to revamp and revitalize its appeal to potential accountants.

CPA 246
article thumbnail

Accounts Payable Automation ROI Calculator

Fidesic blog

When evaluating an automation solution, tangible cost benefits are often difficult to quantify. There's the obvious things, like reducing printing check costs, transitioning to ACH instead of checks, and the reduction of hard costs that relate to shipping, but many of the main benefits are more ‘soft costs'.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Taxpayers sue Google, Meta over privacy leaks

Accounting Today

Google and Meta are facing class action suits after revelations they had been collecting sensitive taxpayer information via online filing sites.

article thumbnail

A New Way to Automate with Tipalti Expenses

Accounting Department

Tipalti Expenses offers a comprehensive and purpose-built solution to streamline and manage employee-initiated spending and reimbursements, all within a single, efficient system.

article thumbnail

Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But 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. 🗻 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. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

article thumbnail

IRS may have skirted rules on directly contacting represented taxpayers

Accounting Today

Internal Revenue Service employees weren't always following the proper rules when it came to directly contacting taxpayers instead of their representatives like accountants and attorneys.

article thumbnail

Accounting and the World of AI

Insightful Accountant

Kognitos' Drayton Wade on why it is imperative for accounting firms to adopt Generative AI in a rapidly evolving world.

More Trending

article thumbnail

Feature Focus Fridays: New QBO-QuickBooks Time Integration

Insightful Accountant

In this 'Feature Focus Friday,' Murph examines how Intuit is integrating more QuickBooks Time tasks into QuickBooks Online.

article thumbnail

Tax Fraud Blotter: Health care crisis

Accounting Today

Stonewalled; cashing out; trailer trash; and other highlights of recent tax cases.

Tax 246
article thumbnail

5 Tax Deductions Every Real Estate Agent Should Know

CSI Accounting & Payroll

Working in real estate takes a big investment of time and money. Plus, when it comes to expenses, it’s not always crystal clear whether they're deductible or not. In this industry where expenses add up quickly, understanding your expenses will help you deduct appropriately and avoid overpaying on your quarterly and year-end taxes. At CSI Accounting & Payroll, we've worked with tax deductions for the real estate industry for over 50 years.

Tax 94
article thumbnail

Demystifying the taxation of NFTs

Accounting Today

Tax authorities worldwide are deciding how to tax non-fungible tokens. Now is the time to get clarity on this quickly evolving phenomenon.

Tax 246
article thumbnail

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.

article thumbnail

How To Get QuickBooks Remote Access [Ultimate Guide]

Ace Cloud Hosting

Reliance on traditional on-premises QuickBooks Desktop is often detrimental to businesses. Instances occur when you need to access the accounting application remotely using your preferred devices and assist clients during.

article thumbnail

Was the last meeting you had worth $2,000?

Accounting Today

How many inefficient meetings do we have in which 10 people, each billing out at $100 to $400 an hour, sit around talking about things without having a clear-cut objective or next steps from the meeting?

Billing 244
article thumbnail

The Accounts Payable Workflow in QuickBooks: How to Improve the Process

MineralTree

Are you relying on the current accounts payable (AP) workflow in QuickBooks Desktop or Online to manage your financial operations? If so, you’re not alone. The QuickBooks AP workflow includes tasks like invoice receipt, data entry, approval, and payment required to manage AP within the software. However, while these AP workflow tasks in QuickBooks provide basic functionality, it falls short when it comes to advanced features tailored to modern AP.

article thumbnail

Hedge funds, PE firms hit with new SEC fee disclosure rules

Accounting Today

Hedge funds and private equity firms will have to disclose more about their fees and face new restrictions from the Securities and Exchange Commission on giving investors special treatment.

article thumbnail

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.

article thumbnail

Expense Approval Software

Tipalti

Among today’s top expense management solutions, which expense report software also offers expense approval controls? This in-depth lineup reviews top contenders in 2023.

article thumbnail

In the blogs: Trust no one

Accounting Today

Lots of letters; sales tax and crumbling streets; a different look at due diligence; and other highlights from our favorite tax bloggers.

Tax 100
article thumbnail

Expand your Financial Modeling Services

Analytix Finance & Accounting

Financial modeling is an essential part of the forecasting process, as it allows you to estimate the potential of a product, project, or entire business. A financial model will take into account many relevant operational and financial variables, as well as growth and risk assumptions, to interpret their impact on the bottom line. This allows business leaders to better understand numerous factors that are critical to the underlying business endeavor’s success over time.

article thumbnail

Accounting Tasks Spreadsheet [Free Templates and Checklists]

Jetpack Workflow

Accounting firms relying on memory alone to keep up with their clients’ accounting tasks risk overlooking essential work assignments or missing critical deadlines. It can lead to hours of overtime catching up on projects or fixing mistakes. Rather than disappointing your clients, keep your team organized by creating detailed checklists to stay on track.

article thumbnail

8 Pillars of Leadership Development

Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.

article thumbnail

Future Forward Fall 2023 is Heading Your Way

Insightful Accountant

Murph provides a peek into some of the training content headed your way in the upcoming 'Future Forward.

52
article thumbnail

CloudZero Vs. Homegrown Cloud Cost Tooling

CloudZero

From 2022 to 2023, worldwide cloud spending is expected to increase to $597.3 billion , up from $491 billion in 2022. Year over year, that’s a 21.64% increase.

52
article thumbnail

QuickBooks Pushing Out Updates to Desktop to Resolve Issues

Insightful Accountant

Intuit has been pushing out updates to QuickBooks Desktop in an attempt to resolve issues regarding security certificate rejection impacting Web-connector and SDK 3rd-party applications.

article thumbnail

Countdown to AWS re Invent 2023: What's in Store for the Cloud's Biggest Event?

finout

Table of contents Introduction Setting the Stage Speculated Showstoppers at AWS re Invent 2023 Can't-Wait Workshops & Breakout Sessions Why AWS re Invent 2023 is THE Event of the Year The Countdown Begins!

FinOps 52
article thumbnail

How to Modernize Manufacturing Without Losing Control

Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives

Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri

article thumbnail

Customer acceptance uncertainty definition

Accounting Tools

Related Courses Bookkeeping Guidebook How to Audit Revenue Revenue Recognition What is Customer Acceptance Uncertainty? The Securities and Exchange Commission does not approve of revenue recognition until the uncertainty surrounding customer acceptance has been resolved. This means that revenue recognition may be predicated on the exact wording of sale agreements, where customers are allowed to withhold their approval subject to testing and other criteria.

article thumbnail

Holding company definition

Accounting Tools

Related Courses C Corporation Tax Guide Types of Business Entities What is a Holding Company? A holding company is a corporate entity that controls a number of subsidiary entities. The level of ownership required to exercise control over a subsidiary varies, but does not usually have to be 100%. The managers of the holding company oversee the subsidiaries, but are not directly involved in their operation; local management teams control each subsidiary.

article thumbnail

Held-to-maturity securities definition

Accounting Tools

Related Courses Accounting for Investments What are Held-to-Maturity Securities? A held-to-maturity security is a non-derivative financial asset that has either fixed or determinable payments and a fixed maturity , and for which an entity has both the ability and the intention to hold to maturity. The held to maturity classification does not include financial assets that the entity designates as being at fair value through profit or loss, as available for sale , or as loans or receivables.

article thumbnail

Layaway sales definition

Accounting Tools

Related Courses Bookkeeping Guidebook How to Audit Revenue Revenue Management Revenue Recognition What are Layaway Sales? Retailers routinely offer layaway sales arrangements to their customers , where customers are allowed to set aside specific items, usually in exchange for a layaway deposit. The retailer retains custody of the goods until the customer pays the remaining balance on the goods.

article thumbnail

Protect What Matters: Rethinking Finance Ops In A Digital World

Speaker: Cheryl J. Muldrew-McMurtry

Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.

article thumbnail

Homogeneous cost pool definition

Accounting Tools

Related Courses Accounting for Inventory Activity-Based Costing Cost Accounting Fundamentals What is a Homogeneous Cost Pool? A homogeneous cost pool is a set of costs whose changes are triggered by a single cost driver. A cost driver is the reason why a cost occurs. For example, in the accounting department, the number of supplier invoices handled is a cost driver, because the number of invoices that must be processed is the reason why the accounts payable staff is paid.

article thumbnail

Holding costs definition

Accounting Tools

Related Courses Accounting for Inventory Inventory Management What are Holding Costs? Holding costs are the costs incurred to store inventory. There are a number of different costs that comprise holding costs, including the items noted below. Depreciation Cost The company incurs a depreciation charge in each period for all storage space, racks, and equipment that it owns in order to store and handle inventory.

Payroll 40
article thumbnail

Joint and several liability definition

Accounting Tools

Related Courses Essentials of Business Law Guide to Auditor Legal Liability What is Joint and Several Liability? Joint and several liability arises when there is an obligation that can be enforced against a group of people or against them individually. The type of enforcement chosen is up to the enforcing party, which will typically choose to pursue payment in whatever manner is easiest to collect.

article thumbnail

Hedging instrument definition

Accounting Tools

Related Courses Accounting for Derivatives and Hedges Corporate Finance Enterprise Risk Management What is a Hedging Instrument? A hedging instrument is a designated financial instrument whose fair value or related cash flows should offset changes in the fair value or cash flows of a designated hedged item. A hedged item is an asset , liability , commitment, highly probable transaction, or investment in a foreign operation that exposes an entity to changes in fair value or cash flows, and is des

article thumbnail

How to Set Better OKRs and Drive Results

Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.