Wed.Jun 26, 2024

article thumbnail

5 ways accountants are using AI to streamline workloads

Accounting Today

Accountants are adding AI tools to their work, saving time and becoming more efficient.

article thumbnail

Inventory Management Strategies To Maximize Efficiency

Accounting Department

From a manufacturing perspective, inventory is everything for business owners that can significantly impact their financial well-being. That is why effective inventory management is of utmost importance for manufacturers or other businesses that keep things on the shelves.

professionals

Sign Up for our Newsletter

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

article thumbnail

Taxpayer Advocate spotlights problems with IRS assistance

Accounting Today

The Internal Revenue Service isn't doing enough to help victims of identity theft receive their tax refunds, according to a report from National Taxpayer Advocate Erin Collins, and its statistics on answering phone calls are misleading.

Tax 331
article thumbnail

Introducing The Ask Lisa YouTube Series!

The Successful Bookkeeper

Learn about the launch of the Ask Lisa video series and how it can help bookkeeping business owners!

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

Founder Files: Eliminating busy season

Accounting Today

Logan Graf is documenting his accounting firm's journey to eliminating busy season on his YouTube channel.

article thumbnail

What CFOs Are Thinking: AI, Talent Crisis, Gen Z, and More

Cloud Accounting Podcast

Adam Zaki of CFO.com joins Blake and David to explore the trends reshaping the industry, from AI to the talent shortage. They dive into the murky waters of corporate financial controls and audit practices. They also examine what makes a truly effective CFO in today's dynamic business environment and why authenticity might be the most valuable trait in a leader's toolkit.

CPA 60

More Trending

article thumbnail

100 Funniest Tax Memes to Make Tax Season Entertaining

Ace Cloud Hosting

Looking for a dose of humor in the midst of tax season? Dive into our collection of the funniest tax memes that will make even the most daunting financial tasks.

Tax 59
article thumbnail

Santander renews $140M audit with PwC

Accounting Today

Banco Santander decided to renew its contract with PricewaterhouseCoopers, potentially keeping one of Europe's biggest such relationships with the firm until 2035.

Auditing 290
article thumbnail

Is Your Firm Prepared for Dispersed Teams?

Insightful Accountant

Recent workplace changes have sped up shifts in how and where accountants work. Firms of all sizes have long been exploring dispersed teams.

article thumbnail

FASB proposes simplified guidance on software costs

Accounting Today

The FASB voted to propose a new ASU that would, among other things, remove the distinction between linear and nonlinear development methods.

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

Why You Should Participate in the ProAdvisor Awards

Insightful Accountant

Murph seeks to help you get ready for Insightful Accountant's 2025 ProAdvisor Awards process that will begin in July (2024). This includes a few fundamental changes to this year's requirements.

article thumbnail

Talent scarcity puts renewed focus on AI tax tech

Accounting Today

While some news reports have sensationalized the arrival of artificial intelligence as a risk for the accounting industry, it represents the biggest opportunity to modernize the profession since the advent of the spreadsheet.

Tax 250
article thumbnail

Reminder

Future Firm

In business, we often lose sight of what’s truly important. This episode serves as a reminder to re-center and focus on what matters most. The post Reminder appeared first on Future Firm.

article thumbnail

IRS advisory group recommends regulating tax preparers

Accounting Today

An influential advisory committee to the Internal Revenue Service is asking Congress to regulate noncredentialed tax preparers and boost funding for the IRS and the National Taxpayer Advocate.

Tax 230
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

Can You Put a Business in a Trust?

CSI Accounting & Payroll

If you own a small business, you probably have a plan for what you want to happen to it when you’re not around one day. Maybe you know who you want to run it, or maybe you have an idea of how to split up ownership.

Tax 52
article thumbnail

IRS looks to settle with some conservation easement participants

Accounting Today

Some participants will get a letter next month outlining a potential settlement offer.

Tax 195
article thumbnail

Can a Foreigner Open a Bank Account in Singapore? A Comprehensive Guide

Counto

Can a Foreigner Open a Bank Account in Singapore? A Comprehensive Guide Setting up a bank account in Singapore as a foreigner can be a crucial step for SMEs, small business owners, entrepreneurs, and individuals looking to establish a company in Singapore. With its robust financial infrastructure and business-friendly environment, Singapore is an attractive destination for foreign investments and business operations.

article thumbnail

Brazil unveils global billionaire tax plan that has split G-20

Accounting Today

The proposal calls for a 2% minimum tax that would hit about 3,000 of the world's richest people, and is set for debate when G-20 finance ministers gather in Rio de Janeiro next month.

Tax 182
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.

article thumbnail

Mastering AWS Cost Management: Tools, Services, and Best Practices

finout

Discover how AWS Cost Management tools help optimize cloud spending. Learn about key tools, best practices, and strategies for maximizing efficiency.

52
article thumbnail

98% of accountants have used AI, mostly for data entry and processing

Accounting Today

Pretty much every accountant has used AI in one form or another, with the most common use case being data entry and processing, according to a poll from Intuit QuickBooks.

article thumbnail

Bank Reconciliation Example: Simple Guide & Statement Template

Nanonets

What Is a Bank Reconciliation Statement? A bank reconciliation statement is a financial document that compares a company's bank account balance to the transactions recorded on its general ledger, often called the "cash books." The purpose of performing the bank reconciliation is to identify discrepancies and adjust entries so that the transactions are aligned with each other.

article thumbnail

Accounting irregularities, fictitious purchases wipe 10% off bookstore's shares

Accounting Today

A chain of second-hand bookstores may not immediately sound like the setting for a tale of stock-market volatility, but Bookoff Group Holdings Ltd. shares tumbled 10% after discovering fictitious purchases by employees.

article thumbnail

The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

article thumbnail

Kenya scraps $2.3B tax plan after deadly protests

Accounting Today

Kenyan President William Ruto said he's withdrawing a contentious tax bill after it led to the deaths of at least 23 people.

Tax 182