Xero
FEBRUARY 1, 2024
Over the last 12 months, we’ve surveyed over 4,500 small business owners across the globe to find out how they’re managing cash flow amidst macroeconomic conditions such as high inflation and interest rates. The survey findings became a series of Money Matters reports that were released in Australia , Canada , New Zealand , Singapore , the United Kingdom and the United States.
Accounting Today
FEBRUARY 16, 2024
The Internal Revenue Service would be able to implement changes to the Child Tax Credit within weeks, IRS Commissioner Danny Werfel told Congress, and send out tax refunds promptly.
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FinOps Foundation
FEBRUARY 22, 2024
Key Insight: With economic pressure increasing across the world in 2023, many organizations are leaning on their FinOps teams to help prioritize cloud optimizations. Reducing waste and managing commitment-based discounts unseated empowering engineers to take action as the top key priority for the first time. Teams are also investing in their forecasting capabilities to better predict cloud spend, and the cost of running AI/ML is expected to have a big impact on FinOps practices in 2024.
Intuit
FEBRUARY 1, 2024
Today, we announced a new initiative with Khan Academy that aims to empower educators and students with free financial education tools. With the help of Khan Academy, we’re working toward our goal of engaging 50 million students with free learning resources by 2030. Intuit and Khan Academy have a shared goal to provide free financial resources to all high school students across the United States.
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 Department
FEBRUARY 15, 2024
For a business, becoming a government contractor can open doors to a sea of lucrative opportunities – but these waters run deep with regulations, especially those set by the Defense Contract Audit Agency (DCAA). A critical cog in the machinery that is the U.S. Department of Defense (DoD), DCAA ensures that taxpayer dollars are used efficiently and effectively in the acquisition of defense-related goods and services.
Ace Cloud Hosting
FEBRUARY 28, 2024
Life moves fast in the cloud, mirroring the pace of our daily lives. In 2023, unpredictability defined everything from global events to economic trends. Cybersecurity, too, had its share of.
Financial Ops World brings together the best financial operations content from the widest variety of thought leaders.
Accounting Today
FEBRUARY 21, 2024
While property and unemployment insurance taxes are universal in every state, many of the best states for doing business do not have corporate, sales or individual income taxes.
Insightful Accountant
FEBRUARY 16, 2024
Financial Cents is excited to announce the release of the 2024 State of Accounting Workflow Automation Report. This second edition study explores the experiences and challenges faced by accounting, bookkeeping, and tax firm owners.
Blake Oliver
FEBRUARY 27, 2024
In my latest podcast episode, "How AI is Transforming and Disrupting Audit," I had the pleasure of speaking with Rob Valdez about the impact of artificial intelligence and generative chatbots, like ChatGPT, on the audit profession. We delve into how these technologies are not just automating routine tasks but are also revolutionizing how we train staff, improve quality, and save time on substantive testing.
Accounting Department
FEBRUARY 1, 2024
It is that time of the year again, tax season. Many businesses dread this time of the year - it's tough. But thankfully, it's not as tough when you have the unrivaled support of AccountingDepartment.com.
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.
Ace Cloud Hosting
FEBRUARY 28, 2024
Being targeted by a cyber-attack isn’t just embarrassing; it can also bring significant consequences for your business. As per PwC, the Accounting industry is at a 30% higher risk of.
Xero
FEBRUARY 26, 2024
Financial data lies at the heart of any small business operation. Managing it can be a juggle, but there are an array of tools you can use to stay on top of this crucial information and better manage your cash flow and compliance. Depending on what stage of the business growth journey you’re on, some Xero-connected solutions are more appropriate than others.
Accounting Today
FEBRUARY 26, 2024
The lowest-ranked states have property and unemployment insurance taxes like every state, but significantly they also have complex, non-neutral taxes with comparatively high rates.
Insightful Accountant
FEBRUARY 22, 2024
Imagine a scenario in which you could devote more time to actually partnering with your clients to solve their issues and provide them solutions, rather than simply handling their books or processing their tax returns.
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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.
Plooto
FEBRUARY 14, 2024
As a CFO, watching your business evolve and grow is an incredibly rewarding experience, but it also presents new challenges to overcome to keep that growth sustainable in the future. What worked for you and your finance team up to this point may not be enough to manage the complexities that come with continued growth. Your own role will also evolve as priorities shift and your responsibilities change with the nature, and scale of the business.
Accounting Department
FEBRUARY 7, 2024
In the past few years, there has been a significant surge in the growth of e-commerce businesses. With the emergence of new companies and the adaptation of brick-and-mortar stores to online platforms, the demand for online purchasing is being met through various online sales channels.
Ace Cloud Hosting
FEBRUARY 8, 2024
Hosting QuickBooks Desktop Software can empower businesses with the flexibility of remote access, added security, and scalability. However, not everyone can understand the insights into QuickBooks Hosting and how they.
Xero
FEBRUARY 28, 2024
Paying bills and getting paid on time are critical requirements for small businesses to effectively manage cash flow. However, this is still a very manual process for small businesses. Our Money Matters report found many small businesses utilize multiple payment strategies to manage their cash flow. To tackle this problem, we have announced a new partnership with BILL , a leading financial operations platform for small and midsize businesses (SMBs), to bring bill pay capabilities to our US custo
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 Today
FEBRUARY 26, 2024
The Federal Trade Commission filed a complaint against tax prep giant H&R Block accusing the company of deceptively marketing "free" online tax filing when its products often were not free and deleting consumers' data when they tried to downgrade to less expensive products.
Insightful Accountant
FEBRUARY 20, 2024
Businesses are prioritizing efficiency and savings over growth due to uncertain economic conditions. Finance leaders are seeking ways to operate profitably and improve cash flow control.
FundThrough
FEBRUARY 29, 2024
Welcome to 2024, a year that’s already presenting a significant challenge for small businesses with the one-two punch of high interest rates and rising inflation. It’s a scenario that’s putting the financial resilience of entrepreneurs to the test. With the Bank of Canada’s key rate steady at 5% and similar U.S. rates peaking at a […] The post Small Business in 2024: Tackling High Interest Rates and Credit Crunch appeared first on FundThrough.
Accounting Department
FEBRUARY 28, 2024
When you have a small or mid-size business, one of the issues you can run into is not having all the departments a larger company would have. In other words, you might not have dedicated employees for HR, accounting, and other areas. Fortunately, there are ways to outsource a number of services, including client accounting services. This helps keep your company growing and succeeding, without the need to bring on more employees or overwork yourself to get everything done.
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!
Ace Cloud Hosting
FEBRUARY 18, 2024
Ever feel like tax prep is a juggling act? We get it. From struggling with accessibility to worrying about data security, the challenges can feel endless. But guess what? There’s.
Cloud Accounting Podcast
FEBRUARY 23, 2024
Blake and David meet with Geoffrey Brown of the Illinois CPA Society to examine some key findings from ICPAS's recent retention report, including top reasons for turnover, where departing accountants are going, and ideas for improving work-life balance. Meet Our Guest, Geoffrey Brown LinkedIn: [link] Twitter: [link] Facebook: [link] Instagram: [link] Learn more about the Illinois CPA Society (ICPAS) Website: [link] Listener Survey Please take our listener survey: [link] Need CPE?
Accounting Today
FEBRUARY 9, 2024
The 150-hour requirement for obtaining a CPA license has led to a decline in Black and Latino CPAs of up to 26%, according to a research study.
Insightful Accountant
FEBRUARY 7, 2024
We sat down with Kassandra to get her thoughts on being a Top 25 Up-N-Coming ProAdvisor, her journey, path to success, and how she’s a support system for her clients.
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All accounting teams know what it is like to dread the inevitable month-end scaries. If there was a way to feel less burdened and maybe even a little enthusiastic to work on your month-end close and reconciliation process, would you do it? No, don't answer that, of course you would! Automate your month-end close process by up to 40% with SkyStem's ART and see how much more alive you feel!
SMB Accounting and Consulting
FEBRUARY 19, 2024
Understanding the basics of government contracts is essential when engaging in contractual agreements with government entities. When reviewing such contracts, key considerations include a thorough examination of the scope of work, payment terms, performance metrics, and compliance with regulations. Utilizing tools like Suppl-O contract briefs can significantly aid in the efficient review process by highlighting changes, facilitating quick reference, and ensuring transparency.
Accounting Department
FEBRUARY 14, 2024
In the fast-paced world of manufacturing, where efficiency and innovation reign, understanding and managing costs are paramount to success. Cost management isn't a mere back-office function; it's what ensures your products remain competitive, your operations sustainable, and your company profitable.
Ace Cloud Hosting
FEBRUARY 1, 2024
While there are multiple software solutions for tax preparers, Drake is among the most preferred choices. Features like Drake Scheduler, e-signature, Drake Tax Planner, etc., help them prepare accurate tax.
Accounting Tools
FEBRUARY 13, 2024
What is the Sales Journal Entry? A sales journal entry records the revenue generated by the sale of goods or services. This journal entry needs to record three events, which are the recordation of a sale , the recordation of a reduction in the inventory that has been sold to the customer, and the recordation of a sales tax liability. The content of the entry differs, depending on whether the customer paid with cash or was extended credit.
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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.
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