Accounting Today

SEPTEMBER 22, 2023

The proposed regulations define a digital asset as any digital representation of value that is recorded on a cryptographically secure distributed ledger or any similar technology.

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Tax 282

Economize

SEPTEMBER 22, 2023

Google Cloud has introduced their BigQuery Studio—a groundbreaking solution designed to be your one-stop-shop for data analytics and AI workflows. This centralized dashboard is an intelligent blend of Google Cloud’s trusted services like Dataproc, Dataflow, BigQuery, BigLake, and Vertex AI.

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Computation 59

Accounting Today

SEPTEMBER 22, 2023

NFPs may not be like the NFL, but they can borrow a page from the playbook to tackle operational and bookkeeping hurdles and score the ultimate touchdown: accomplishing their mission.

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Bookkeeping Accounting Accounting 282

Nanonets

SEPTEMBER 22, 2023

E-tendering  is a powerful solution that can transform your business by streamlining  procurement  processes and  driving efficiency. In today's fast-paced and dynamic business environment, the use of technology, such as e- procurement  systems, has revolutionized  procurement  practices. By automating tasks and improving accuracy,  e-tendering  unlocks new levels of efficiency and cost savings.

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Accounts Payable Accounts Payable Accounting Accounting 52

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

How do you know if your accounting team is ready to automate the month-end close? Join us in this informative webinar, where we share the top 8 signs that indicate that a team has outgrown all existing tools and may be ready to embark upon month-end close automation. We will examine the process clues that help determine whether your team would be a good candidate for automation.

Accounting

Accounting Today

SEPTEMBER 22, 2023

The board released an annual update of its ethics code to reflect the latest changes in auditing and quality management standards.

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Accounting Accounting Auditing 294

Nanonets

SEPTEMBER 22, 2023

In today's competitive business landscape, optimizing operations and effectively managing relationships with external vendors are key priorities for any organization.  Vendor management solutions  play a crucial role in achieving these objectives by streamlining processes and ensuring seamless collaboration with third-party vendors. Vendor management solutions  offer a range of benefits, including centralized documentation, access control, performance tracking, and  comp

Vendor Management 52

Vendor Management Invoicing Accounting Accounting 52

Nanonets

SEPTEMBER 22, 2023

Sales orders and invoices are essential documents in business transactions, but they serve different purposes and play distinct roles in the sales process. A  sales order  is filled out by the customer to initiate a sale, specifying the goods or services they wish to purchase. On the other hand, an  invoice  is sent by the business to request payment from the customer after the products or services have been delivered.

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Invoicing Deposits Financial Records Accounting 52

Accounting Today

SEPTEMBER 22, 2023

The service is developing a contingency plan that may involve cutbacks if Congress can't reach a deal.

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Tax 294

Nanonets

SEPTEMBER 22, 2023

Accounts payable  and  accounts receivable  play a crucial role in a company's financial health and should be managed effectively for optimal  cash flow  and accurate  balance sheet  reporting.  Accounts payable  (AP) refers to the money a company owes to vendors and suppliers for goods or services purchased on credit.

Accounts Payable 52

Accounts Payable Accounts Payable Accounting Accounting 52

Accounting Today

SEPTEMBER 22, 2023

If clients don't know what their future selves look like, they can't finish the planning process. That's where you (and behavioral finance) come in.

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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.

Nanonets

SEPTEMBER 22, 2023

Accounts receivable  is a crucial aspect of financial management for businesses, and understanding how to effectively manage it is essential for maintaining a healthy cash flow and business growth.  Accounts receivable  (AR) refers to the money that a company will receive from customers for purchasing products or services on credit. It is considered an asset on a company's balance sheet.

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Accounts Receivable Accounts Receivable Account Receivables Accounting 52

Accounting Today

SEPTEMBER 22, 2023

LBMC and Wilkin & Guttenplan both announce next managing partners; CohnReznick names cannabis industry practice leader; and more news from around the profession.

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Nanonets

SEPTEMBER 22, 2023

Efficient  vendor onboarding  is essential for streamlining your business and maximizing productivity. The process of integrating new vendors into your organization's  procurement system  can be time-consuming and prone to errors. That is why many organizations are now turning to  software solutions  to streamline the onboarding process.

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Data Entry Vendor Management Accounts Payable Accounts Payable 52

Accounting Today

SEPTEMBER 22, 2023

Plus, Docyt unveils Docyt AI for real time accounting, and other accounting technology news.

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Auditing Accounting Accounting 159

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Did you know automating your month-end close can save up to 40% of the time typically spent on manual reconciliations? CFOs and controllers are leveraging SkyStem's workflow management and reconciliation tool to eliminate costly mistakes, ditch manual reconciliations and close faster. Want to know how they do it? Download our Quick Start Guide to a Crystal Clear Close!

Nanonets

SEPTEMBER 22, 2023

Welcome to "Unleashing  Efficiency : The Ultimate Guide to  Source to Pay ," your comprehensive resource for streamlining  procurement  and achieving better  control  in your business. In today's fast-paced and ever-evolving business landscape, organizations must adapt and optimize their  procurement  processes to stay competitive.

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Financial Operations Financial Operations Accounts Payable Accounts Payable 52

Accounting Today

SEPTEMBER 22, 2023

Hermann Goering has nothing to teach us about building a culture in your practice.

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Nanonets

SEPTEMBER 22, 2023

Accounts payable software for small business  can significantly enhance financial workflow and improve overall efficiency. This powerful tool automates and streamlines the accounts payable processes, helping businesses manage invoices, vendor payments, and maintain accurate financial records. By eliminating errors and delays through automation, the software ensures timely transactions and reduces manual workload.

Accounts Payable 52

Accounts Payable Accounts Payable Accounting Accounting 52

Azure FinOps

SEPTEMBER 22, 2023

Once upon a time, not that long ago, everyone who’d spent time wrestling with Microsoft licensing looked to, at first, Office 365 (as it was known before rebranding) and later, Azure, as a source of relief. “Relief” might be too strong; certainly, simplification. To focus on Azure, the subject of this blog, there was an expectation that using FinOps methods, for example, making architectural choices based in part on runtime cost impacts would be sufficient to achieve observability of cost genera

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FinOps FinOps Billing 52

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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.

AP

Accounting Fun

SEPTEMBER 22, 2023

He counted every penny, with precision and with care, In columns and in ledgers, he kept the numbers fair. His spreadsheets were a marvel, each figure in its place, With formulas like poetry, in this his special space. Sadly his life was little more than balance sheets and sums, No tales of grand adventures, no travel to far-off lands. He left behind a legacy of numbers neat and wide, For though he never truly lived, his ledger never lied.

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Accounting Accounting 48

Nanonets

SEPTEMBER 22, 2023

Accounts payable reports  are an essential tool for businesses of all sizes, providing valuable insights into financial management and helping to optimize business operations. These reports track and report business expenses, ensuring accurate financial records and allowing businesses to make informed decisions. Whether it's paying invoices on time, preparing for tax season, or maintaining good relationships with suppliers, mastering  accounts payable reports  is crucial for

Accounts Payable 40

Accounts Payable Accounts Payable Accounting Accounting 40

Accounting Tools

SEPTEMBER 22, 2023

Related Courses How to Audit Payroll Optimal Accounting for Payroll Payroll Management A benefits accrual occurs when a benefit-related expense is recognized despite the absence of a supplier invoice. By doing so, a business is properly recognizing this expense in the period in which it is incurred, rather than the period in which the related supplier invoice is paid.

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Accruals Accounting Accounting Payroll 40

Nanonets

SEPTEMBER 22, 2023

Running a business involves various processes, and one crucial aspect is understanding the order to cash (OTC) process. The  OTC process  encompasses a series of steps, starting from when a customer makes a purchase to when the business receives and clears cash for that purchase. It includes  order management ,  credit management ,  order fulfillment , invoicing, accounts receivable, payment collection, and  data management.

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Invoicing Revenue Cycle Management Revenue Cycle Invoice Processing 40

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.

Accounting Tools

SEPTEMBER 22, 2023

Related Courses Bookkeeping Guidebook Human Resources Guidebook Payroll Management Accounting for a Bonus Accrual A bonus expense should be accrued whenever there is an expectation that the financial or operational performance of a company at least equals the performance levels required in any active bonus plans. The decision to accrue a bonus calls for considerable judgment, for the entire period of performance may encompass many future months, during which time a person may not continue to ach

Accruals 40

Accruals Payroll Tax Bookkeeping 40

Nanonets

SEPTEMBER 22, 2023

An  accounts payable department  is an integral part of any organization, responsible for managing and processing all outgoing payments to suppliers and vendors. An inefficient  accounts payable process  can result in lost opportunities, damaged vendor relationships, and cash flow issues. On the other hand, an efficient  accounts payable process  can significantly improve your business's efficiency and  profitability.

Accounts Payable 40

Accounts Payable Accounts Payable Accounts Payable Clerk Accounting 40

Accounting Tools

SEPTEMBER 22, 2023

Related Courses How to Audit Payroll Optimal Accounting for Payroll Payroll Management What is a Wage Accrual? It is quite common to have some amount of unpaid wages at the end of an accounting period , so you should accrue this expense (if it is material). The accrual entry shown below is a simple one, because you typically clump all payroll taxes into a single expense account and offsetting liability account.

Accruals 40

Accruals Payroll Tax Auditing 40

Nanonets

SEPTEMBER 22, 2023

Robotic process automation (RPA) is a game-changer for the accounting industry, offering significant improvements in efficiency and productivity. By automating repetitive tasks, RPA allows organizations to reduce human errors and free up employees for more impactful work. In the realm of accounting, RPA has proven to be a powerful tool for enhancing speed and accuracy, streamlining processes, and revolutionizing the way financial tasks are handled.

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Accounting Accounting Data Entry Customer Service 40

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

Accounting Tools

SEPTEMBER 22, 2023

Related Courses Bankruptcy Tax Guide Essentials of Corporate Bankruptcy What are First Day Motions? When a debtor files for Chapter 11 bankruptcy protection, its attorney typically files first day motions. As the name implies, these motions are initiated as soon as possible. The motions are requests to the court to pay certain creditors , so that the organization can continue to operate.

Tax 40

Tax 40

Nanonets

SEPTEMBER 22, 2023

Managing your  vendor invoices  effectively is crucial for efficient  payment processing  and  budget management. To ensure smooth processing, it is essential to understand the  key details  that should be looked for on an invoice. The  key details  on a  vendor invoice  include: Vendor contact information : This is necessary for sending  payment  to the right recipient.

Invoicing 40

Invoicing Purchase Order Accounts Payable Accounts Payable 40

Accounting Tools

SEPTEMBER 22, 2023

Related Courses Accountants' Guidebook Bookkeeping Guidebook New Controller Guidebook What are Dividends? A dividend is generally considered to be a cash payment issued to the holders of company stock. However, there are several types of dividends, some of which do not involve the payment of cash to shareholders. These dividend types are noted below.

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Accruals Bookkeeping Financial Statements Accounting 40

Nanonets

SEPTEMBER 22, 2023

The  accounts receivable cycle  plays a crucial role in the financial health of businesses, enabling them to streamline operations, optimize cash flow, and ultimately get paid faster. Accounts receivable refers to the amount of money owed to a company for goods or services already provided on credit. It is important to collect accounts receivable as soon as possible to avoid tying up working capital and facing longer business cycles.

Accounts Receivable 40

Accounts Receivable Accounts Receivable Account Receivables Accounting 40

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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.