Generative AI will upgrade you, not replace you: KPMG
Accounting Today
NOVEMBER 25, 2024
KPMG research has found gen AI has a 3-17% EBITDA impact, but this is no reason to replace human accountants.
Mon.Nov 25, 2024
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Mastering B2B Payment Negotiation Strategies for New Business Owners
Enterprise Recovery: Accounts Receivable
NOVEMBER 25, 2024
One of the most challenging parts of starting a business or working independently is deciding on your rates. After that, you must negotiate contract terms with your clients, including asking to get paid for your work. Navigating the complex world of B2B payments can be daunting for business owners, but mastering effective negotiation strategies can ensure you always get paid for your hard work.
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IRS plans National Tax Security Awareness Week
Accounting Today
NOVEMBER 25, 2024
The Internal Revenue Service and its partners in the public and private sectors are planning to highlight the importance of cybersecurity next week.
Data Exports for FOCUS 1.0 is now in general availability
AWS FinOps
NOVEMBER 25, 2024
Today AWS announced the general availability release of Data Exports for FOCUS 1.0. You can now create exports of your AWS cost and usage data with the FOCUS 1.0 schema with significant specification conformance improvements compared to the public preview released in June 2024. FOCUS (FinOps Open Cost and Usage Standard), supported by the FinOps Foundation, is an open-source cloud cost and usage specification that provides standardization to normalize cost and usage data and simplify cloud finan
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
AI costs go beyond AI systems themselves
Accounting Today
NOVEMBER 25, 2024
Developing an AI system can carry a hefty price tag that includes not just the coding of the system itself but secondary costs like labor, training and data fees.
What is a Vendor Portal and Does Your Business Need One?
AvidXchange
NOVEMBER 25, 2024
A vendor portal is an online platform where suppliers interact with a company’s procurement and finance teams. Also known as a supplier hub, having one can help your company streamline tasks like order management, invoice submission, and payment tracking. By centralizing communication, a vendor portal is designed to enhance efficiency, improve transparency, and reduce manual errors, fostering strong supplier relationships and accelerating the payment process.
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8 Beautiful CFO Dashboards that Will Make Your Life Easier
finout
NOVEMBER 25, 2024
What Is a CFO Dashboard? CFOs in modern organizations face numerous challenges, including managing increasing volumes of data, balancing short-term financial health with long-term strategic goals, and responding swiftly to market changes. The complexity of global operations, regulatory requirements, and the demand for detailed financial reporting add layers of difficulty to their role.
Macy's delays earnings after worker hid millions in expenses
Accounting Today
NOVEMBER 25, 2024
An employee "intentionally" made erroneous accounting accrual entries to hide about $132 million to $154 million of cumulative delivery expenses stretching over multiple years.
Build Your Own OCR Engine for Wingdings
Nanonets
NOVEMBER 25, 2024
Optical Character Recognition ( OCR ) has revolutionized the way we interact with textual data in real life, enabling machines to read and interpret text from images, scanned documents, and handwritten notes. From digitizing books and automating data entry to real-time text translation in augmented reality, OCR applications are incredibly diverse and impactful.
Art of Accounting: An idea from a Chinese takeout menu
Accounting Today
NOVEMBER 25, 2024
What would happen if CPAs offered clients a list of suggested services for a fixed fee?
Live Demo - Supercharge your Month End Close
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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
Tax vs Audit: What’s the difference
Black Ink Tax & Accounting
NOVEMBER 25, 2024
Table of Contents Tax vs Audit: What’s the difference Tax and audit are two terms that have left a lot […] The post Tax vs Audit: What’s the difference appeared first on bitaccounting.
GASB proposes standard on subsequent events
Accounting Today
NOVEMBER 25, 2024
The Governmental Accounting Standards Board issued an exposure draft on how to account for transactions that occur after the date of the financial statements.
Tax vs Audit: What’s the difference
Black Ink Tax & Accounting
NOVEMBER 25, 2024
Table of Contents Tax vs Audit: What’s the difference Tax and audit are two terms that have left a lot […]
Grant Thornton lays off about 150 workers in U.S.
Accounting Today
NOVEMBER 25, 2024
The layoffs span the accounting firm's advisory, tax and audit businesses.
Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback
Advertiser: Paycor
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.
Tax vs Audit: What’s the difference
Black Ink Tax & Accounting
NOVEMBER 25, 2024
Table of Contents Tax vs Audit: What’s the difference Tax and audit are two terms that have left a lot […]
FASB reviews impact of revenue recognition standard
Accounting Today
NOVEMBER 25, 2024
The Financial Accounting Standards Board released a post-implementation review of its rev rec standard a decade after its implementation.
What Drives the Monthly Accounting Industry’s Costs Up & Down?
CSI Accounting & Payroll
NOVEMBER 25, 2024
When you’re shopping for a monthly accounting partner, you’re looking at a fairly niche industry.
Driving Year-End Efficiency in Tax Practices: A Manager's Guide
Insightful Accountant
NOVEMBER 25, 2024
As tax season approaches, tax practices face increasing pressure to optimize operations while maintaining service quality. Forward-thinking managers and owners should focus on key efficiency drivers.
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.
Nov 25, Is QuickBooks Being Discontinued?
Bookkeeping Essentials
NOVEMBER 25, 2024
Intuit decided that after July 31, 2024, they will no longer sell NEW subscriptions to certain products in the U.S. Starting April 15, 2025, this will also apply to NEW Canadian desktop subscribers. Learn which products are affected.
More About the Top ProAdvisor Awards Process
Insightful Accountant
NOVEMBER 25, 2024
We strive to provide you with key information about how the ProAdvisor Awards process works and what it takes to reach your goal of 'making' the list, or 'earning' a categorical award' or being 'recognized' as ProAdvisor of the Year.
Top Payoneer Competitors for Mass Payouts
Tipalti
NOVEMBER 25, 2024
Explore top alternatives to Payoneer for mass payouts, featuring options with robust AP automation, global reach, and flexible payment methods.
We’ve updated our responsible data use commitments
Xero
NOVEMBER 25, 2024
We use data to create innovative products and features for our customers. These help small businesses save time and make better decisions, and give advisors the information they need to help their clients thrive. Data is critical to innovation, and the opportunities to put it to work for the benefit of our customers are exciting. With these opportunities, comes an obligation to use data responsibly, which we take very seriously.
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.
What Is Employee Relations? Small Business Guide
Fit Small Business
NOVEMBER 25, 2024
Overview of Employee Relations As a subset of human resources, employee relations are the interactions between employers and employees. They are not merely transactional, but reflect the company’s values, commitment to its workforce, and capacity for an inclusive environment. Employee relations professionals work to ensure employees feel heard and valued, resolve grievances, and improve overall.
TCJA extensions or revisions: What lies ahead for 2025
Accounting Today
NOVEMBER 25, 2024
With Republican control of Congress, Donald Trump will have a greater chance of success in renewing parts of his 2017 Tax Cuts and Jobs Act.
5 Best Restaurant CRM Platforms
Fit Small Business
NOVEMBER 25, 2024
Between front-of-house operations, guest reservations, and tips, it’s challenging to operate a restaurant with standard CRM software. As a result, most opt for a restaurant CRM that handles their specialized needs while providing an accessible and easy-to-use platform for managing daily customer interactions. Thankfully, we’ve done the hard work by reviewing the best restaurant CRM.
DOGE Goes After TurboTax & Remote Work
Cloud Accounting Podcast
NOVEMBER 25, 2024
Blake and David discuss Trump's proposed Department of Government Efficiency (DOGE) and its potential impact on tax filing and federal remote work policies. They analyze the Pentagon's seventh consecutive failed audit and examine Intuit's ambitious plans to expand its enterprise offerings. The duo also explores a groundbreaking study showing ChatGPT-4 outperforming human doctors in medical diagnoses, highlighting AI's growing capabilities in professional decision-making.
Doing More With Less: The Modern Finance Miracle
Speaker: Mark Gilham, FCCA, CPP
Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.
Trump nominates hedge fund chief Bessent to lead Treasury
Accounting Today
NOVEMBER 25, 2024
Scott Bessent is expected to play a key role in pushing for a renewal of Trump's 2017 tax cuts through Congress, many of which are set to expire at the end of 2025.
California pledges EV rebate if Trump kills tax credit
Accounting Today
NOVEMBER 25, 2024
California Governor Gavin Newsom is promising to step in with a state electric-car tax credit if Trump repeals a federal subsidy after he takes office.
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