Sat.Aug 10, 2024 - Fri.Aug 16, 2024

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7 Best Billing Software for Accountants

Ace Cloud Hosting

Billing software has become a necessity and around 58% of accountants use accounting software to meet their client’s needs. The accounting profession is rapidly evolving, and staying in a competitive.

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PCAOB sees audit deficiencies leveling off at largest firms, but problems remain

Accounting Today

The timing came months before the reports have been released in recent years thanks to ongoing efforts to accelerate the release of reports.

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Boosting Your Bottom Line with Financial Forecasting

Accounting Department

In today's competitive landscape, small and medium-sized businesses (SMBs) need every advantage they can get to thrive and grow. One powerful tool that can significantly impact a company's bottom line is forecasting.

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Reflections from Xerocon Nashville

Xero

The first thing people ask after I attend a Xerocon event is, “Well, how was it?” It’s such a simple question, and yet if you’ve ever attended Xerocon, you’ll understand why it’s so hard to answer. How do I describe the excitement around Xero’s latest innovations? The in-depth discussions on industry trends? The connections made while wandering the exhibition floor?

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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

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Where We're Going - Fidesic In-Person Event Schedule

Fidesic blog

2024 has been the year of in-person events over here at Fidesic. We have been going to a lot more meetups and smaller conferences this year.

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City and local sales taxes spike

Accounting Today

A new study reveals increases in both local and new tax rates across the country, highlighting an urgent need for revenue at the municipal level.

Tax 331

More Trending

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New features announced at Xerocon Nashville

Xero

Running a small business in the US or Canada comes with its fair share of unique challenges. That’s why Xero has been doubling down on building out our product capabilities for the unique needs of this region. Today, on stage at Xerocon Nashville, I was very excited to unveil the huge number of improvements Xero has made to make things easier for small businesses and their advisors.

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Where We're Going - Fidesic In-Person Event Schedule

Fidesic blog

2024 has been the year of in-person events over here at Fidesic. We have been going to a lot more meetups and smaller conferences this year.

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IRS updates information security plan for tax pros

Accounting Today

A new template for a 'Written Information Security Plan' is available for practitioners to meet their mandate.

Tax 331
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What is Volume Pricing?

Billing Platform

Volume pricing is a pricing structure where the cost per product decreases (aka volume discounts) as the quantity of products purchased increases. Essentially, volume pricing works by offering varying pricing thresholds that are tied to the quantity of products purchased. Beneficial to both the sellers and the buyers, this pricing strategy enables the seller to incentivize buyers to increase the volume purchased, as well as attract new customers – increasing revenue, while allowing customers to

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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

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How Suitcase Records is spinning sustainability with Xero’s Beautiful Business Fund

Xero

“We believe that Australian music is a vital part of life and we want to help musicians make a living from their craft,” shared Kathy Wilson, co-founder of Suitcase Records. The family-run business operates out of Brisbane, Australia, and aims to support local musicians by providing a more sustainable PVC compound to produce high-quality vinyl records.

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Business combination definition

Accounting Tools

What is a Business Combination? A business combination is a transaction in which the acquirer obtains control of another business (the acquiree ). Business combinations are a common way for companies to grow in size, rather than growing through organic (internal) activities. Combinations can be used to rapidly acquire market share, fill out product lines , and gain access to new markets.

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"The Accountant 2" books release date

Accounting Today

The Ben Affleck-starring sequel will continue the saga of lethal and brilliant small-town CPA Christian Wolff.

CPA 328
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Freelancer Staffing Solves Accounting Firm Challenges

accountingfly

“You can’t win the race for talent without hiring freelancers.” Is your accounting firm struggling to find the right talent? Freelancer staffing might be the solution you’ve been missing. In the latest episode of the Accounting Talent Podcast , Rob Brown sits down with Jeff Phillips, CEO of Accountingfly, to explore the growing impact of freelancer staffing in the accounting industry.

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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.

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QuickBooks Online Now Offers Shipping

Insightful Accountant

Murph takes you step-by-step through configuring the new QBO shipping feature, setting up your ShipEngine account, and processing your first shipment.

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13 Signs Your Small Business is Doing Well

Nolan Accounting Center

Every entrepreneur wants to say his/her business is doing well. However, starting and running a company is not easy. As reported by the Bureau of Labor Statistics, about 20% of small businesses fail within their first year , with 50% failing by the fifth year, and 70% by the tenth year. When a small business is doing well, it is no small accomplishment!

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MBA edges out CPA for CFO candidates

Accounting Today

The CPA certification is the third-most valued credential for CFO roles, according to a report by the Pennsylvania Institute of CPAs.

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Hiring Update: August 2024 | Freelance and DIY Recruiting

accountingfly

Sharing our perspective on the latest trends impacting talent acquisition in the accounting industry – Freelance Recruitment 2.0, Salary Trends, and DIY Recruiting. All content is 100% written by the real humans working here at Accountingfly. Market Trends: Accounting Salary Trends 2019-2023 – Equity Partners Win; When to Reconsider DIY Recruiting; RTO Salary Math Goes Viral 5 Year Accounting Salary Trends: Partners Win; Staff Lose (?!

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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.

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Fair value accounting

Accounting Tools

How to Account for Fair Value Fair value accounting uses current market values as the basis for recognizing certain assets and liabilities. Fair value is the estimated price at which an asset can be sold or a liability settled in an orderly transaction to a third party under current market conditions. This definition includes the concepts noted below: Current market conditions.

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5 Tips for Managing Inventory in QuickBooks Online

Reconciled Solutions

Running out of products? Stocking too many? Here's how managing inventory in QuickBooks Online can help solve both problems. The post 5 Tips for Managing Inventory in QuickBooks Online appeared first on Reconciled Solutions.

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IRS reopens Voluntary Disclosure Program to fix $1B in ERC claims

Accounting Today

The Internal Revenue Service is reopening the Voluntary Disclosure Program for a limited time to allow businesses to fix incorrect Employee Retention Credit claims without penalties or interest.

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The Top 5 Canadian Tax Deductions Small Businesses Often Miss (and How Accountants and Bookkeepers Can Help Capture Every Receipt)

LedgerDocs

As an accountant or bookkeeper, you know how common it is for a small business owner to miss out on valuable tax deductions simply because they fail to keep track of all their receipts. Here’s a rundown of the top five Canadian tax deductions that small businesses often overlook and how you as their bookkeeper can help them preplan to ensure every receipt is captured and every deduction is claimed. 1.

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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.

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The purpose of a bank reconciliation

Accounting Tools

What is a Bank Reconciliation? A bank reconciliation is used to compare your records to those of your bank, to see if there are any differences between these two sets of records for your cash transactions. The ending balance of your version of the cash records is known as the book balance , while the bank's version is called the bank balance. Why Conduct a Bank Reconciliation?

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How Outsourcing Bookkeeping Help You Scale Our Business – A Real-Life Example

Outsourced Bookeeping

In any industry, quality and quantity often seem to be mutually exclusive, and accounting and bookkeeping are no exception. An accounting firm that is known for its accurate and effective accounting services may find it hard to scale its operations for fear of the potential loss of quality. Accounting firms looking to expand their operations often struggle to maintain the right quality of work due to a lack of expertise, difficulties in hiring the right personnel, and, most importantly, the ever

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Accountants bearish, mostly

Accounting Today

Accountants are generally pessimistic about the economy as a whole, but feel much more confident when it comes to their own firm and clients.

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AICPA Says Supreme Court Decisions to Have Major Tax Impacts

Insightful Accountant

Recent Supreme Court decisions have sent shockwaves through the accounting profession, particularly in the realm of tax law. These changes introduce a level of uncertainty that may make many tax professionals uncomfortable.

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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.

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The difference between SOC Type 1 and Type 2 reports

Accounting Tools

What is a SOC Type 1 Report? Service organization control (SOC) reports can be either a Type 1 or a Type 2 report. A Type 1 report is management’s description of a service organization’s system and a service auditor’s report on that description and on the suitability of the design of controls. What is a SOC Type 2 Report? A Type 2 report goes a step beyond a Type 1 report, where the service auditor also reports on the operating effectiveness of controls during an audit period.

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The Future of Bookkeeping: Trends and Technologies Small Businesses Should Embrace

Less Accounting

In the ever-evolving landscape of business operations, bookkeeping stands as a fundamental pillar for small businesses. As technology continues to advance and market dynamics shift, the role of bookkeeping is undergoing a transformation. In this article, we’ll explore the emerging trends and technologies shaping the future of bookkeeping and why small businesses should embrace them.

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Why CPAs must master the soft skills

Accounting Today

When a CPA transitions from individual contributor to leader of many people, his or her technical skills alone will not be enough to drive results.

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How to Set up AWS Billing Alerts to Monitor Your Cloud Cost

Economize

Importance of Monitoring AWS Costs Cost monitoring is fundamental for ensuring that your operations remain within budget while avoiding unexpected costs. This involves routine checks and analyses to align cloud spending with strategic business objectives, which aids in better financial and operational efficiency.

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8 Pillars of Leadership Development

Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.