Accounting Department

DECEMBER 26, 2023

Small and medium-sized businesses (SMBs) are essential to the economy, accounting for more than half of all jobs worldwide. In recent years, several trends have impacted how SMBs operate, and we can expect even more changes to come in 2024. To prepare for the future, businesses must be aware of these shifts and adapt accordingly. In this blog post, we will discuss five SMB trends that we can expect to see in 2024, dealing with AI, customer experience, sustainability, and cybersecurity.

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Accounting Accounting 211

Invoicera

DECEMBER 26, 2023

Introduction Do you know that having the right invoicing software can make a big difference for your business? Nearly 60% of small businesses struggle with late payments. That’s a lot! That’s why it’s essential to pick the right invoicing software. But don’t worry, it’s not complicated. Think about what your business needs.

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Accounting Today

DECEMBER 26, 2023

When companies can accurately portray their financial health, it becomes easier for them to establish credibility, build relationships with stakeholders and access capital.

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Financial Reporting Accounting Accounting 230

Nanonets

DECEMBER 25, 2023

In the intricate web of the healthcare ecosystem, claims processing stands as a critical juncture where the efficiency and accuracy of operations profoundly impact patient care, provider satisfaction, and overall system performance. Traditionally, this process has been plagued by manual errors, time-consuming verifications, and a plethora of administrative challenges, prompting the healthcare industry to seek innovative solutions.

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Data Entry Computation Billing Invoicing 59

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

Invoicera

DECEMBER 25, 2023

Introduction Efficient financial management in any business stands as a cornerstone of success. Invoicing software is your future-ready solution to make this process automated, error-free, quick & efficient. In the quest for streamlined operations, businesses often face a difficult choice: should they create their own custom invoicing solution or opt for an existing one?

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Invoicing Invoice Processing Billing Financial Operations 98

Accounting Department

DECEMBER 28, 2023

Each year, our team gears up to attend events all over the United States that AccountingDepartment.com proudly sponsors. As a proud supporter of Vistage International, Entrepreneurs’ Org, EOS Worldwide, CEO Coaching International, Genius Network, Small Giants Summit, HubZone, Women Presidents’ Organization, and B2B CFO®, our team gets to experience many great events, meet many amazing people, and see our clients from all over.

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ProsperOps

DECEMBER 27, 2023

Recent studies find that cost management is the top cloud computing priority for businesses— surpassing security concerns. However, with 94% of companies overspending on the cloud , it’s clear that cost optimization is a major challenge for many businesses. AWS Budgets and AWS Cost Explorer are two useful AWS cost management tools that give visibility into AWS cloud costs and usage.

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Budgeting FinOps FinOps Computation 130

Ace Cloud Hosting

DECEMBER 26, 2023

Tax preparation can be a daunting task, especially for those new to the field. Lacerte Software offers a comprehensive solution that simplifies the process and ensures accuracy and compliance. Lacerte.

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Tax 111

Accounting Department

DECEMBER 29, 2023

We are thrilled to announce that Episode 9 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

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Accounting Today

DECEMBER 27, 2023

The Internal Revenue Service has updated its frequently asked questions to offer more guidance on what kinds of components can be used in electric vehicles to qualify for tax credits.

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Tax 293

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.

Insightful Accountant

DECEMBER 26, 2023

What better time of the year to find out what you are thinking.ProAdvisors are invited to January's "open microphone' edition of QB Talks to tell us what you think about the ProAdvisor Awards, the ProAdvisor Program and recent QB-Desktop news.

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Ace Cloud Hosting

DECEMBER 27, 2023

Discover responses to frequently asked QuickBooks hosting queries from users and additional resources. Are you curious about QuickBooks hosting and wondering if it suits your business? You’re not alone! Explore.

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QuickBooks 105

Bookkeeping Essentials

DECEMBER 23, 2023

Announcement - Transitioning Canadian time sensitive information in 2024 to a new site that will be a Canadian bookkeeping compliance resource.

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Bookkeeping 105

Accounting Today

DECEMBER 29, 2023

The Internal Revenue Service needs to make improvements to protect the health and safety of employees working at an underground file storage site, where the perils include falling rocks and broken ladders.

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Tax 287

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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.

AP

Insightful Accountant

DECEMBER 27, 2023

One less excuse for Desktop Users when it comes to migrating to QBO. There is now Balance Sheet Budgeting available in QBO Plus and QBO Advanced.

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Budgeting QuickBooks 104

Brigade

DECEMBER 23, 2023

Working with a PEO helps legal firms offer a better benefits package, making your firm attractive to new talent and building a positive work culture.

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Accounting Accounting 86

Accounting Tools

DECEMBER 28, 2023

What is the Long-Term Debt to Equity Ratio? The long-term debt to equity ratio is a method used to determine the leverage that a business has taken on. When the ratio is comparatively high, it implies that a business is at greater risk of bankruptcy , since it may not be able to pay for the interest expense on the debt if its cash flows decline. This is more of a problem in periods when interest rates are increasing, or when the cash flows of a business are subject to a large amount of variation

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Financial Statements 75

Accounting Today

DECEMBER 26, 2023

The Internal Revenue Service is not expected to meet the Treasury Department's goal of scanning millions of returns by the end of the year.

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Tax 323

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.

Insightful Accountant

DECEMBER 26, 2023

According to the recently released Intuit QuickBooks Entrepreneurship in 2024 Report, nearly a quarter of US consumers are considering starting a new business in 2024.

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QuickBooks 93

Outsourced Bookeeping

DECEMBER 28, 2023

Why Choose Xero Could Be The Best Choice for your Accounting and Bookkeeping Needs Searching for the best bookkeeping and accounting solution? Presenting Xero, a financial management industry game-changer. Xero stands out as a leader in helping businesses manage complex financial environments because it offers an all-inclusive collection of tools that streamline accounting procedures.

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XERO Bookkeeping Outsourced Bookkeeping Data Entry 59

Accounting Tools

DECEMBER 28, 2023

What is a Trial Balance? A trial balance is an accounting report that states the ending balance in each general ledger account. This means that it states the ending balance for each asset, liability, equity, revenue, gain, and loss account in an accounting system. This report is printed as part of the period-ending closing process, as stated in the closing procedure.

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General Ledger Record Keeping Financial Statements Auditing 75

Accounting Today

DECEMBER 28, 2023

The Financial Accounting Standards Board has decided not to add several projects to its technical agenda, including one on commodities, despite requests.

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Financial Accounting Accounting Accounting Financial Reporting 294

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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!

Accounting

Insightful Accountant

DECEMBER 27, 2023

The Bonadio Group's Jennifer Wood takes a deep dive into the benefits of embracing new technology today.

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Accounting Accounting 99

Ace Cloud Hosting

DECEMBER 26, 2023

“David vs Goliath” of the Cloud Era The age-old tale of David and Goliath teaches us a lot of lessons. For me, it showcases how David didn’t rely 100% on.

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Accounting Tools

DECEMBER 28, 2023

What are Operating Activities? Operating activities are those functions of a business that are required for it to provide goods and services to its customers. These constitute its core operating activities. Operating activities is also a classification of cash flows within the statement of cash flows. Items classified within this area are an entity’s primary revenue -producing activity, so cash flows are generally associated with revenues and expenses.

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Collections Accounts Receivable Accounts Receivable Account Receivables 75

Accounting Today

DECEMBER 27, 2023

The Internal Revenue Service's Exempt Organizations and Government Entities unit has published two new technical guides aimed at nonprofits.

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Tax 300

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!

Accounting

Insightful Accountant

DECEMBER 28, 2023

We sat down with Tailor to get his thoughts on being a Top 25 Up-N-Coming ProAdvisor, his journey, path to success, and constant evolution to give their clients the best value.

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Analytix Finance & Accounting

DECEMBER 29, 2023

For many restaurants, the increasing popularity of online delivery services, such as DoorDash, Uber Eats, and GrubHub, has drastically expanded their sales and growth potential. Until a few years ago, steady revenue demanded in-person diners (unless you were a takeout restaurant). Now, for many restaurants, partnering with these 3rd party delivery services significantly expands their customer base.

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Accounting Accounting Reconciling Financial Reporting 52

Accounting Tools

DECEMBER 26, 2023

What is an Overhead Rate? The overhead rate is the total of indirect costs (known as overhead) for a specific reporting period, divided by an allocation measure. The overhead rate is then used to allocate overhead costs to cost objects, which are usually products or projects. A company uses the overhead rate to allocate its indirect costs of production to products or projects for one of two reasons.

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Accounting Today

DECEMBER 29, 2023

Accounting Today's annual survey reveals firms' expectations, worries and plans for the next 12 months.

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Accounting Accounting Tax 333

Speaker: Ryan Dillard, Chief of Staff Director at CBIZ ARC Consulting LLC; Kelly Hicks, Global Controller at Airbase

ASC 606 is the revenue recognition standard that sets global accounting principles for all private or public companies that enter sales agreements or contracts with customers. Along with ASC 606, ASC 340-40 was added to address accounting costs to obtain a contact and costs to fulfill a contract. Join us for this webinar when Airbase Controller Kelly Hicks and Ryan Dillard, a Director at CBIZ ARC Consulting explore how to approach capitalizing sales commissions under ASC 340-40.

Accounting