Mon.Nov 04, 2024

article thumbnail

Why accounting firms are bleeding talent

Accounting Today

Stagnating wages and gaps in career path awareness have pushed young professionals away from accounting, leading to a dearth of candidates and leaving firms scrambling to find a solution.

article thumbnail

The Best B2B Dispute Management Tools of 2024

Gaviti

Whether due to error, financial trouble or the non-delivery of goods or services, disputes are unavoidable in the world of accounts receivable. Traditionally, they are managed through a lengthy, tedious manual process that lacks visibility into the process in real time. As companies scaled and these disputes increased, however, businesses started to turn to dispute automation for a more efficient dispute management process for collections and dispute management.

professionals

Sign Up for our Newsletter

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

article thumbnail

FASB issues standard on income statement expenses

Accounting Today

In response to demand from investors, public companies will be required to disclose more information about certain expenses in the notes to financial statements.

article thumbnail

Cloud Forecasting: Techniques, Challenges & 6 Best Practices

finout

What Is Cloud Forecasting? Cloud cost forecasting is crucial for organizations operating in the cloud because it directly impacts financial planning and resource management. As businesses increasingly migrate workloads to cloud environments, managing costs becomes complex due to the dynamic nature of cloud services, such as on-demand pricing models and scaling capabilities.

article thumbnail

Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

article thumbnail

EY forms Global AI Advisory Council

Accounting Today

Big Four firm Ernst and Young announced the formation of the Global AI Advisory Council, which will act as a sounding board as EY manages the extensive scale of AI deployments.

264
264
article thumbnail

The Human Touch: Why Personalized Bookkeeping Services Matter for Small Businesses

Less Accounting

In the age of automation and digitalization, small businesses have access to a plethora of tools and software designed to streamline their operations. While automation undoubtedly offers numerous benefits, there’s still something irreplaceable about the human touch, especially when it comes to bookkeeping. In this blog post, we’ll explore why personalized bookkeeping services matter for small businesses and the unique advantages they offer in an increasingly automated world.

More Trending

article thumbnail

Nominations for 2025 ProAdvisor Awards Continue

Insightful Accountant

It's not too late, you can still tell that 'special ProAdvisor' in your life just how much you think of them by nominating them for the 2025 ProAdvisor Awards. Whether they are U.S. or International ProAdvisor we're still accepting nominations.

52
article thumbnail

PCAOB updates standard-setting, rulemaking agendas

Accounting Today

The Public Company Accounting Oversight Board staff updated its short- and mid-term standard-setting agenda as well as its rulemaking agenda.

article thumbnail

Join us for App Academy - Tomorrow 11/6/2024

Insightful Accountant

Murph is excited to be joining the team for Wednesday's App Academy. He will be sharing insights and commentary on the five participating app solutions.

52
article thumbnail

PCAOB board member complains of persecution by senators

Accounting Today

Christina Ho said Sens. Elizabeth Warren and Sheldon Whitehouse are unfairly singling her out for audit failures at firms.

Auditing 173
article thumbnail

Live Demo - Supercharge your Month End Close

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

article thumbnail

1099 Rules

Tipalti

Stay compliant in 2024: unravel Form 1099 rules to help navigate tax regulations seamlessly and stay on top of the constantly-changing business taxes landscape.

Tax 52
article thumbnail

Art of Accounting: Catch someone doing something good

Accounting Today

Many managers are not in the habit of telling people they did something good.

article thumbnail

1099-MISC Instructions: Filling Steps and FAQs Answered

Tipalti

Boxes on the new Form 1099-MISC are rearranged and renumbered. Boxes 15 through 17 apply to states. Follow IRS 1099-MISC Instructions to complete the tax form. Some exceptions for 1099-MISC reporting aren’t included in this article.

Tax 52
article thumbnail

Is PE right for you?

Accounting Today

Private equity is a solution to many firm problems — but not for all firms. Allan Koltin dives into who might be a good fit for PE, and more.

162
162
article thumbnail

Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.

article thumbnail

Tired of 20+ Page Organizers? Here’s How to Make Tax Season a Breeze

Insightful Accountant

Tax season can be a challenging time for both accountants and clients, particularly when it comes to collecting accurate and complete tax information. A primary source of frustration for accountants is the use of traditional tax organizers.

Tax 52
article thumbnail

M&A roundup: KSM, KNAV and ATKG expand

Accounting Today

KSM adds SGKK; KNAV merges in HLG Netherlands; ATKG combines with SPR.

130
130
article thumbnail

How to Understand Business Performance: From a Profit and Loss Perspective

Counto

How to Understand Business Performance: From a Profit and Loss Perspective This Standard Operating Procedure (SOP) covers how small business owners in Singapore can understand their business performance through a financial statement known as the Profit and Loss Statement (P&L) or Income Statement. The Income Statement summarises revenues, costs, and expenses incurred during a specific period, usually a fiscal quarter or year.

article thumbnail

Taxes, tariffs and more: 5 key economic stakes of the US election

Accounting Today

The U.S. election on Tuesday will have far-reaching economic consequences, ranging from how Americans are taxed to how the country trades with the rest of the globe.

Tax 130
article thumbnail

Your Accounting Expertise Will Only Get You So Far: What Really Matters

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. 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 (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). 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.