Tue.Aug 01, 2023

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Small-business wage and job growth slowed in July

Accounting Today

Hourly earnings growth for small business employees declined 0.07% to 3.95% and fell below 4% for the first time in more than two years, while hiring also moderated, according to Paychex.

Payroll 246
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Your accounting career options are broader than you think

Intuit

Kristen Steffen, a tax expert with TurboTax Live, who works remotely from Apex, North Carolina, has been on the Intuit team since 2021. She started her career at a Big Four accounting firm, but eventually realized the Big Four couldn’t match the work-life balance Intuit provides its employees. Big Four: A dream job unfit for me I worked hard to earn a master’s degree, and I parlayed that into a fantastic offer from a big accounting firm.

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Paving the way for a wealth tax?

Accounting Today

The Supreme Court will hear Moore v. U.S., a case involving taxation of unrealized income that experts suggest could have major ramifications.

Tax 246
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Healthcare Accounting Services Provide Security for Your Practice

CSI Accounting & Payroll

More and more medical groups, including small practices and home healthcare, are outsourcing accountants for expanded services. Why? Regardless of how small it is, a medical practice is a business and needs to turn a profit to operate and grow. However, not all accountants or forms of accounting are created equal. Finding the right fit for your practice is a crucial step in the process.

Payroll 98
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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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Audit fees triple in 20 years

Accounting Today

At the same time, the number of companies reporting their audit fees has dropped roughly 20%.

Auditing 246
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The Ultimate Guide To Google Kubernetes Engine (GKE) Pricing

CloudZero

Google Cloud released Google Kubernetes Engine (GKE) as a commercial version of native Kubernetes (K8s). GKE promises a user-friendly, reliable, and cost-effective service. Yet, calculating GKE costs can be daunting, including how to understand what you're paying for and how to maximize your return on investment.

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QB Talks is All About Top 100 from Our List-makers

Insightful Accountant

Join Murph and Gary on Wednesday, Aug. 16, at 2 p.m. (EST) as they visit with members of the 2023 Top 100 and Categorical Awards.

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Accountants' global confidence shaky in Q2

Accounting Today

Economic confidence among accountants in North America grew in the second quarter, but declined in other parts of the world.

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Financial statement assertions

Accounting Tools

Related Courses How to Conduct an Audit Engagement How to Conduct a Compilation Engagement How to Conduct a Review Engagement What are Financial Statement Assertions? Financial statement assertions are claims made by an organization's management regarding its financial statements. The assertions form a theoretical basis from which external auditors develop a set of audit procedures.

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M&A roundup: CLA, UHY, Withum, RKL and Anglin expand

Accounting Today

CliftonLarsonAllen acquires Frost & Co.; UHY combines with Bigelow & Co.; Withum acquires TMDG and PBMares practices; RKL eSolutions buys CPA Technology; and Anglin Reichmann Armstrong merges in Adamson + Co.

CPA 100
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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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How to Package Your Bookkeeping Services [6 Simple Steps]

Jetpack Workflow

Packaging your bookkeeping services gives you a focused way to scale and grow your firm. And creating internal processes is easier when you’ve clearly defined your offerings rather than delivering something unique for each client. However, figuring out how to structure your packages to avoid overcomplicating your service offerings and confusing prospective clients is challenging.

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In the blogs: Retention tension

Accounting Today

Little steps with tech; getting rid of clients; cuts and holidays; and other highlights from our favorite tax bloggers.

Tax 100
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Accounting Services: Their Long-Term Effects on Your Bottom Line

Billah and Associates

Discover the long-term effects of professional accounting services and how they can positively impact your business’s financial health. From tax planning and payroll processing to bookkeeping and debt recovery, hiring a trusted accounting service provider in Mississauga offers five key benefits that help optimize your financial strategies and save valuable time.

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Meet Top 100 ProAdvisor Jacqueline Edwards

Insightful Accountant

In the first of our spotlights of the Insightful Accountant 2023 Top 100 ProAdvisors, we sit down with Business Pipeline's Jacqueline Edwards. See how she continues to stay on top of her game.

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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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How to Package Your Bookkeeping Services [6 Simple Steps]

Jetpack Workflow

Packaging your bookkeeping services gives you a focused way to scale and grow your firm. And creating internal processes is easier when you’ve clearly defined your offerings rather than delivering something unique for each client. However, figuring out how to structure your packages to avoid overcomplicating your service offerings and confusing prospective clients is challenging.

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Omar Visram on Leveraging People, Processes and Technology

Insightful Accountant

On the latest episode of Accounting Insiders, Insightful Accountant's Gary DeHart and Enkel Backoffice Solutions' Omar Visram discuss how his company continues to drive AP as a service—and more.

AP 52
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Dext awarded Best Accounting Cloud-Based Software Company at the 2023 SME News IT Awards

Dext

Dext has been named the ‘Best Accounting Cloud-Based Software Company’ at the SME News IT Awards 2023. The SME News IT Awards recognise the contributions and achievements that have been displayed in the IT sector over the past year. Considering both innovation and success, the awards acknowledge the contributions of companies across the sector.

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What is Internal Audit Automation?

Nanonets

Internal audits play a crucial role in assessing a company's internal controls, corporate governance, and accounting processes. These audits are essential for ensuring compliance with laws and regulations, as well as maintaining accurate and timely financial reporting and data collection. However, the traditional internal audit process is often time-consuming, redundant, and prone to reporting inaccuracies and errors.

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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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The Definitive Guide For Kubernetes Namespace

CloudZero

Using Kubernetes to manage containerized applications has its fair share of challenges. One of those challenges is managing complexity. Using namespaces can help minimize that complexity.

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How is Artificial Intelligence Used in Auditing?

Nanonets

In the rapidly evolving world of auditing, innovative technologies have revolutionized traditional practices. Auditors are now increasingly embracing the agile auditing approach previously used in software development. Notably, artificial intelligence (AI) has emerged as a key disruptor, holding immense potential to reshape accounting and assurance professions.

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Impact of unpaid invoices and how to dramatically reduce them

Plooto

Late and unpaid invoices can have a detrimental impact on your business if left unchecked. It affects your cash flow, reduces capacity for growth, and increases stress.

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Whats New in QBO: Receipt Capture for QuickBooks Checking

Insightful Accountant

If you are using QuickBooks Checking and the QuickBooks App on your mobile device, real-time receipt capture is just a snap away.

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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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Exchange rate definition

Accounting Tools

Related Courses Corporate Cash Management Treasurer's Guidebook What is an Exchange Rate? An exchange rate is the ratio at which two currencies are traded. The exchange rate is comprised of a base currency and a counter currency. In a direct quotation, the foreign currency is designated as the base currency and the counter currency is the domestic currency.

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What is audit automation?

Nanonets

The era of automation has brought about a revolution in various industries, and the audit sector is no exception. The integration of Artificial Intelligence (AI), cloud-based data storage solutions, and data analytics tools is set to transform the audit industry, reshaping the way accountants and auditors carry out their tasks. Mundane activities like data entry, financial data processing, audit report generation, and large-scale fin-data analysis are now increasingly being handled by AI and RPA

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Cost behavior definition

Accounting Tools

Related Courses Activity-Based Costing Cost Accounting Fundamentals Financial Analysis What is Cost Behavior? Cost behavior is the manner in which expenses are impacted by changes in business activity. A business manager should be aware of cost behaviors when constructing the annual budget , to anticipate whether any costs will spike or decline. For example, if the usage of a production line is approaching its maximum capacity , the relevant cost behavior would be to expect a large cost increase

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Member Spotlight: Designations Spark Passion

NACM

​After dedicating several years in the same career or industry, it can be easy to fall into complacency with the information you have learned over time. NACM's Professional Certification Program provides credit professionals with the tools they need to expand their knowledge and skillsets and caters to those who have a passion for learning somethin.

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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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Coupon rate definition

Accounting Tools

Related Courses Accounting for Bonds Accounting for Investments Corporate Finance What is a Coupon Rate? A coupon rate is the interest percentage stated on the face of a bond or similar instrument. This is the interest rate that a bond issuer pays to a bond holder, usually at intervals of every six months. The current yield may vary from the coupon rate, depending on the price at which an investor buys a bond.

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How to use invoice imaging to automate accounts payable processing

Nanonets

Invoice imaging isn't a futuristic technology straight out of Star Wars anymore. Most of us have scanned a QR code or used Google Lens OCR capabilities to translate street signs in real time. The recent advancements in AI and ML have made invoice imaging software much more robust, enabling AP teams to automate some of the most tedious aspects of the accounts payable processes.

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Currency pair definition

Accounting Tools

Related Courses Corporate Cash Management Treasurer's Guidebook What is a Currency Pair? A currency pair is the stated value of a currency in comparison to another currency. This concept is used in the foreign exchange market to buy and sell currencies. In a pairing, the first currency stated is the base currency , while the second currency is the quote currency.

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What is document workflow automation?

Nanonets

In today's information-driven world, collaboration and communication within teams heavily rely on data and documents. From contracts and invoices to manuals and reports, documents play a vital role in conveying structured information that can be easily shared, understood, and acted upon. However, to harness the full potential of documents, effective management is crucial.

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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.