Accounting Today

DECEMBER 21, 2023

Those 73 and older need to make sure they're taking their required minimum distributions from IRA and other retirement accounts.

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Accounting Accounting Tax 315

Accounting Department

DECEMBER 21, 2023

Outsourced client accounting services play a crucial role in helping businesses take control of their financials. These services involve outsourcing the accounting and bookkeeping tasks to a third-party service provider, allowing businesses to focus on their core operations. The role of outsourced client accounting services goes beyond basic bookkeeping; it includes managing accounts payable and receivable, payroll processing, financial reporting, and more.

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Accounting Accounting Accounts Payable Accounts Payable 218

Accounting Today

DECEMBER 21, 2023

The IRS is rolling out a voluntary disclosure program to let businesses pay back Employee Retention Credits they claimed in error.

Tax 311

Tax 311

Plooto

DECEMBER 21, 2023

In 2024, accountants will no longer be deemed company number crunchers as they gain access to technology that allows them to play an increasingly strategic role in business decisions. It’s a role transformation that’s already begun, sparked by the accelerated adoption of digital accounting, fueled by cloud computing, automation, and AI.

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Computation Accounting Accounting 102

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

Accounting Today

DECEMBER 21, 2023

The IRS is forming a centralized oversight strategy for digital assets, but implementing it has been frustrated by delays in the regulatory approval process.

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Insightful Accountant

DECEMBER 21, 2023

Intuit's latest release updates to QuickBooks Desktop 2024, 2023 and 2022 are aimed as "Mass Migration" to QuickBooks Online.

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QuickBooks 111

Billing Platform

DECEMBER 21, 2023

Cloud services continue to evolve for businesses large and small (no matter the industry). This environment features many benefits like improved performance and high availability, business continuity, centralized data security, and cost savings. While the cloud has been adopted for many internal processes, billing and more specifically subscription management are only just beginning to embrace cloud-based subscription management and its benefits.

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Billing Collections Customer Service Computation 75

Accounting Today

DECEMBER 21, 2023

Often enough, creating capacity isn't about hiring people.

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CSI Accounting & Payroll

DECEMBER 21, 2023

Nothing in this world is perfect – especially not outsourced services. Even though numbers don’t lie, mistakes can still happen when humans are the ones working with them. It’s not unusual for issues to arise due to the accounting industry overall, individual firms, or even the clients they work with. At CSI Accounting & Payroll, we’ve worked with small business finances for over 50 years.

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Accounting Accounting Payroll Small Business Accounting 52

Accounting Today

DECEMBER 21, 2023

The board's target team shared the results of its in-depth exploration of emerging audit risk.

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Auditing 183

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.

Tipalti

DECEMBER 21, 2023

A blanket purchase order is a convenient way for businesses to cut down invoice processing time and costs for their vendor relationships. Learn about the ins and outs of blanket purchase orders.

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Purchase Order Invoice Processing Invoicing 52

Accounting Today

DECEMBER 21, 2023

Get with the Program; root causes; significant others; and other highlights of recent tax cases.

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Tax 171

Insightful Accountant

DECEMBER 21, 2023

Figured is a farm financial management software that is helping farming teams across the United States, New Zealand, Australia, and the United Kingdom better manage the profitability of their operations.

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QuickBooks 52

Accounting Today

DECEMBER 21, 2023

A recent survey has found that, aided by automation, the month-end close takes less than a week for the majority of organizations, and for many it's only 1-2 days.

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Accounting

Jetpack Workflow

DECEMBER 21, 2023

Successful mergers and acquisitions (M&A) in the accounting industry primarily depend on finding the right acquisition target. If you haven’t navigated this process before, you probably have questions about determining which deals are worth your time—and money. Though no two firm acquisition deals are alike, there are some universal strategies and tips that can help you procure a suitable accounting practice to grow your business.

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Accounting Accounting CPA Tax 52

Accounting Today

DECEMBER 21, 2023

If finalized by the board, the chapter would represent the completion of the FASB's Conceptual Framework.

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Accounting Accounting 141

AvidXchange

DECEMBER 21, 2023

“AI” has undoubtedly been one of the biggest business buzzwords this year; Collins Dictionary even named it its word of the year. Finance departments aren’t immune to the hype – many have begun using AI to help create efficiencies and improve processes. In this post, we’ll discuss how organizations are using AI tools for finance today and into 2024.

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Computation AP Customer Service Data Entry 52

Accounting Today

DECEMBER 21, 2023

New guidance from the IRS in Notice 2024-05 provides a safe harbor for certain vehicles.

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Tax 131

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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

Jetpack Workflow

DECEMBER 21, 2023

Podcast Summary In this episode of Growing Your Firm, host David Cristello interviews Lisa Wolfson-Jones, owner and CPA at Mac-L Associates. Lisa shares the benefits of having client information ahead of meetings and how it helps create more effective discussions. They also discuss running a virtual firm and serving small businesses, particularly sole proprietors and entrepreneurs.

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CPA Accounting Accounting QuickBooks 52

Dext

DECEMBER 21, 2023

QuickBooks has established itself as the accounting software of choice for many businesses, adept at handling a range of accounting tasks. The addition of Dext Prepare elevates this experience, providing a path to greater efficiency and accuracy in managing financial data.

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QuickBooks Accounting Accounting Accounting Software 52

Nanonets

DECEMBER 21, 2023

Order capture is the process of receiving, validating, and recording customer orders from across channels to facilitate efficient fulfillment. A smoother capture process often means a faster order-to-cash cycle, fewer mistakes, and happier customers. Yet, McKinsey's 2023 supply chain survey showed that nearly half of the respondents had not consistently invested in the digital supply chain's core building blocks.

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QuickBooks Data Entry Invoicing Purchase Order 52

Insightful Accountant

DECEMBER 21, 2023

Some of our readers have sent me an email asking that I republish my traditional English Christmas pudding recipe. So Happy Holidays!

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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.

Cloud Accounting Podcast

DECEMBER 21, 2023

Lexy Kessler, National Pipeline Advisory Group (NPAG) chair and Sue Coffey, Chief Executive Officer – Public Accounting with AICPA join us for a special bonus episode to address the accounting talent crisis and talk about how we can improve the CPA pipeline. Along with these issues, they also emphasize the importance of working together as a profession, being data-driven in their approach, and looking at the broader ecosystem of accounting, with updates and more comprehensive strategies expected

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CPA Accounting Accounting 46

Ace Cloud Hosting

DECEMBER 21, 2023

The importance of diversity and gender balance in professional fields, including accounting, has gained recognition in recent times. As a crucial component of the business world, the accounting profession greatly.

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Accounting Accounting 45

Tipalti

DECEMBER 21, 2023

Cost control is essential for businesses to maintain profitability and financial stability. Read on for examples, techniques, and understanding the benefits of effective cost control.

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Accounting Tools

DECEMBER 21, 2023

What is Accuracy in Accounting? Accuracy is the concept that a stated value in the accounting records fully reflects all of the supporting facts. When the concept is expanded to the financial statements , it means that the information in the statements is fully valued and that all necessary supporting information has been fully disclosed. In order to produce accurate financial information, the accountant cannot skew information based on overly optimistic or pessimistic views of the desired outco

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Financial Statements Reconciling Accounting Accounting 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

Invoicera

DECEMBER 21, 2023

Looking for cost-effective FreshBooks alternatives? Although FreshBooks has been a choice for many, it is always better to get software within your budget. A study has also found that over 40% of small businesses switch their financial software within the first two years. Thus, many invoicing software options are available in the vast market. We have listed 10 FreshBooks alternatives for you.

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Invoicing Billing QuickBooks XERO 64

Accounting Tools

DECEMBER 21, 2023

What is a Cash Discount? A cash discount is a reduction in the amount of an invoice that the seller allows the buyer. This discount is given in exchange for the buyer paying the invoice earlier than its normal payment date. Understanding the Cash Discount There are two reasons why a seller might make this offer. First, the seller might need to obtain earlier use of cash, which may be necessary if the seller is short of it.

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Invoicing Accounts Receivable Accounts Receivable Account Receivables 40

SSI Healthcare Rev Cycle Solutions

DECEMBER 21, 2023

The Evolution of Medical Billing Clearinghouse Vendors in Revenue Cycle Management: Spotlight on The SSI Group, LLC (SSI) Home / December 20, 2023 Author: Christy Wright, CMO at The SSI Group, LLC In the intricate tapestry of healthcare finance, the journey of a medical claim from inception to resolution is critical. Here, providers, payers, and patients engage in the complex dance of bills, claims, and reimbursements, creating a rhythm that underpins the entire healthcare delivery system.

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Revenue Cycle Management Revenue Cycle Billing Financial Operations 52

Accounting Tools

DECEMBER 21, 2023

What is an Appropriation Account? An appropriation account is used by a government to store the funds allocated to an agency or project. When funds are used for the designated purpose, the amount stated in this account is reduced. If the funds stored in an appropriation account are unused as of the end of a budget period, the funds are typically reallocated elsewhere.

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Accounting Accounting Budgeting Auditing 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.