Wed.Mar 06, 2024

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SEC approves watered down climate disclosure rule

Accounting Today

A divided Securities and Exchange Commission voted to approve a new rule that would require companies to provide climate-related disclosures to investors, but scaled back the original proposal to exclude disclosure of so-called Scope 3 emissions from their supply chains, and exempt many smaller companies.

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Job Costing in QuickBooks Online for Small Businesses

Accounting Department

Job costing is a vital tool in the small business owner's kit, especially for those operating in the service industry, construction, and manufacturing.

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The rise of the billion-dollar firms

Accounting Today

Watch the explosion in the number of CPA firms bringing in over $1 billion in revenue that has occurred in the 21st century.

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IRS to Ramp Up Audits

Insightful Accountant

Last week our calendars all marked a unique day that only comes about once every four years. Leap Day, February 29th, this day intends to sync the calendar with the solar year. It still has its affects tax planning, so discuss with clients.

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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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FASB guidance on digital assets encourages crypto adoption

Accounting Today

Experts believe this guidance will spur more institutions to embrace digital assets, as the rules for proper accounting are more clear-cut.

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Weighing The Risks and Rewards Of Surge Pricing Tax Returns

Cloud Accounting Podcast

Fast food chain Wendy's considers demand pricing – should your firm, too? We discuss the potential for surge pricing tax returns to smooth workload and raise revenue. We also dive into new AI-powered accounting productivity tools from Sage and Xero, Zoho's $5 per user practice management suite, and analyze the results of our listener survey. Sponsors LiveFlow - [link] Zoho - [link] Client Hub - [link] Chapters (06:40) - What can accountants learn and try in pricing?

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Microsoft 365 Business Vs. Microsoft 365 Enterprise: Which One Is Better? 

Ace Cloud Hosting

Migrating to the cloud with Microsoft Office 365 can be a big step toward success for companies. Hence, choosing the appropriate and relevant plan according to the business requirements is.

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New regs for manufacturing investment, clean energy credits

Accounting Today

The IRS has released two new sets of regs and guidance on different credits.

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The specter of 'Uberification' looms over audit

Blake Oliver

Short-term thinking by auditors may surrender strategic high ground to outside challengers.

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Grand jury probes Ex-Credit Suisse customers over taxes

Accounting Today

The customers include a Brazilian businessman whose Florida residence was raided by the IRS and a Colombian family featured in a Senate report about the bank's role in tax evasion schemes.

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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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Productized Services: What, Why & How

Future Firm

Systematizing your firm can scale your business. In this episode, we'll discuss productized services and how to get started. The post Productized Services: What, Why & How appeared first on Future Firm.

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SEC scales back new pollution-disclosure rules

Accounting Today

The Securities and Exchange Commission will force companies to disclose their greenhouse gas emissions for the first time, but watered down a key requirement.

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How do you prepare for minimum wage increases coming 1st April 2024?

Ontrack Bookkeeping

As a business owner or manager, you need to be ready for the minimum wage rates increase from 1 April 2024. The details of the increase are: Adult minimum wage will go up from $22.70 to $23.15 per hour. Starting-out and training minimum wage will go up from $18.16 to $18.52 per hour. All rates are before tax and any lawful deductions, for example, PAYE tax, student loan repayment, child support.

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Private sector added 140K jobs in February

Accounting Today

The service-providing sector added 110,000 jobs for the month, including 5,000 in professional and business services such as accounting and tax preparation.

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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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Unlocking the Language of Accounting: Understanding Common Terms

SMB Accounting and Consulting

Accounting operates within its own language, a system of terms and conventions that serve as the backbone of financial communication and analysis. Understanding this unique language is essential for interpreting financial data, making informed decisions, and effectively navigating the intricate world of business finance. Cash vs. Accrual Accounting Cash accounting records transactions only when cash changes hands, providing a real-time view of cash flow.

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New Dext GM plans North American expansion

Accounting Today

Rachel Fisch, recently named the general manager for Dext in North America, said the company plans to expand its footprint in this market.

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Ways to Get a High Business Credit Score in Singapore

Counto

Ways to Get a High Business Credit Score in Singapore Similar to personal credit scores, business credit scores provide a snapshot of your company’s creditworthiness and financial health. These scores, typically ranging from 0 to 100, are crucial factors considered by lenders, suppliers, and partners when assessing your business. The majority of small businesses require a minimum score of 75 to access credit with favourable interest rates.

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A third of enterprise software projects hit time, cost overruns

Accounting Today

A recent report found that while most enterprise software projects are finished on time and on budget, over a third experience overruns in both money and time.

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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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Cohere Achieves AWS Generative AI Competency

Insightful Accountant

Cohere, a leading enterprise AI startup has achieved Amazon Web Services (AWS) Generative AI Competency.

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Setup cost definition

Accounting Tools

What is Setup Cost? Setup cost is those costs incurred to configure a machine for a production run. This cost is considered a fixed cost of the associated batch, so its cost is spread over the number of units produced. Setup costs include the following: The labor to position tools and materials next to a machine The labor required to configure a machine The labor required to train employees on how to process the new production run The scrap cost of test units run on a machine The cost of the qua

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Top Financial Management Tools: Navigating Cash Flow And Receivables

Invoicera

Summary Elevate your business success by mastering financial management. This blog offers an all-encompassing guide to: The critical role of financial handling Selecting the best tools, like Invoicera and Zoho, for the job A deep dive into what makes these tools indispensable Bonus tips for making intelligent financial decisions Dive in for a concise journey to financial prowess.

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Single currency center model definition

Accounting Tools

What is a Single Currency Center Model? A cash pool is a cluster of subsidiary bank accounts and a concentration account into which funds flow from the subsidiary accounts. A company may elect to pool cash within the home country of each currency (e.g., U.S. dollars are pooled in the United States), which is called the single currency center model. This is one of the more efficient methods used by larger organizations to manage their cash flows.

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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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Member Spotlight: Gain a Competitive Edge

NACM

B2B credit is fiercely competitive, particularly in sectors where credit is crucial for transactions. This is why credit professionals should continuously master their skills and broaden their knowledge in credit management. The Certified International Credit Professional (CICP) designation for example, earned through NACM's six-level Professional.

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Share definition

Accounting Tools

What is a Share in Finance? A share is one unit of ownership interest in a corporation. A share entitles its owner to a portion of the dividends and residual value of the issuing entity. A shareholder is also entitled to vote on certain issues at periodic shareholder meetings. Share ownership can be evidenced by a stock certificate , but can also be an electronic record.