Sat.Jun 08, 2024 - Fri.Jun 14, 2024

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Accounting Today accepting 2024 MP Elite submissions

Accounting Today

The annual list recognizes top leaders from accounting firms across the country.

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Navigating DCAA Accounting: A Comprehensive Guide for Government Contractors

Accounting Department

When it comes to compliance with government regulations, navigating the intricacies and nuances of DCAA accounting is essential for any government contractor. DCAA stands for Defense Contract Audit Agency, a branch of the Department of Defense that is tasked with auditing and evaluating proposal and contract costs for the government.

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How GenAI-powered Just Ask Xero will reimagine accounting

Xero

It was so exciting to demonstrate Just Ask Xero (JAX) live in front of an enthusiastic crowd of accountants and bookkeepers at Xerocon London today. We previewed this innovative new product at our Investor Day earlier this year, and we’re really proud to be able to show a live demo only a few short months later. JAX, your smart business companion, available in beta in August this year, will help you and your clients run your businesses more efficiently.

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The Struggles of Digitizing Bookkeeping Documents and How Overcome Them

LedgerDocs

Digitizing bookkeeping documents has become necessary to keep up with modern business document filing standards, however the journey from paper to pixels can be a challenging one. Here are some common struggles faced during this transition and the LedgerDocs solution: 1. Volume and Variety of Documents The Problem: The sheer volume of invoices, receipts, financial statements and tax forms that need to be scanned, uploaded and filed can make this task overwhelming to start.

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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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Tech news: Big Four firms announce strategic alliances

Accounting Today

Plus, Bill360 solution offers AR automation; Certa announces gen AI capacities, new ESG module; and other accounting tech news.

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The Importance of Transparency in Business | Beyond the Books Podcast by AccountingDepartment.com

Accounting Department

Andrea Boccard teams up with Dennis Najjar, co-founder of AccountingDepartment.com, to explore the pivotal role of transparency in business success.

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2025 ProAdvisor Awards Prep: Traits of a Top ProAdvisor

Insightful Accountant

The 2025 ProAdvisor Awards process will launch earlier than ever, so I can think of nothing to help motivate and prepare you than Matt Fulton's article setting forth the "right stuff" to becoming the 'Best of the Best.

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Founder Files: Starting a firm by accident

Accounting Today

Keila Hill-Trawick founded her firm, Little Fish Accounting, in 2018 after she started helping her friends with their taxes as a side hustle.

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Mastering Spend Management: Proven Tips and Strategies for Effective Cost Control

Accounting Department

Every business faces a variety of major accounting and spending-related challenges. Chief among them — how can a business keep its spending to a minimum while still ensuring that they invest in growth areas and achieve its business goals?

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15 Types of QuickBooks Enterprise Reports Your Business Should Look At

Ace Cloud Hosting

Accounting records can tell you a lot about a business, its costs, profitability, and financial position. But those insights are rarely found by looking at transaction-level details. Instead, business owners.

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Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.

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Assign Custom Roles to QBO-Accountant Team Members for Clients' Books

Insightful Accountant

A new feature rolling out this month allows firms using QBO-Accountant to manage their team member's access to their client's books.

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5 IRS developments to watch

Accounting Today

The Internal Revenue Service has announced several new policy updates now that tax season has ended.

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Decoding the dilemma: automation vs standardization in Accounts Payable

Cevinio

We explore the essential decision for modern enterprises: what should come first—automation or standardization in Accounts Payable?

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Jun 8, Form 1099-NEC vc Form 1099-K vs Form 1099-MISC

Bookkeeping Essentials

Explains the IRS Form 1099-NEC vs 1099-MISC vs 1099-K. Understanding the differences, how to file the forms and what the deadlines are.

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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

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Groceries, Gas and QuickBooks - Infalation Continues

Insightful Accountant

Intuit has announced price hikes for QuickBooks Products and Services starting August 1, 2024. These price changes impact a multitude of Online and Desktop products.

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IRS pushes recruitment with updated Careers site

Accounting Today

For tax pros, the IRS is also hosting recruiting events at its Nationwide Tax Forums.

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Microsoft 365 Home Vs Microsoft 365 Business: Which One Is Better?  

Ace Cloud Hosting

Microsoft 365 is a set of apps and services used by over a million businesses worldwide. It is a cloud-based solution with multiple features that provide a secure and affordable.

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Negative liability definition

Accounting Tools

What is a Negative Liability? A negative liability typically appears on the balance sheet when a company pays out more than the amount required by a liability. For example, if you were to accidentally pay a supplier's invoice twice, the first payment would reduce the original liability recorded in accounts payable to zero, while the second payment would have no offsetting liability, resulting in a negative liability on the balance sheet.

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Cash Flow Secrets Every Upskilled CPA Should Know

Speaker: Debra L. Robinson

CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.

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Accountant Approved Apps Disappointing

Insightful Accountant

Intuit recently launched something they are calling Accountant Approved Apps; I must say that I was somewhat disappointed by these 'groupings.

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Tax scams are targeting seniors

Accounting Today

In advance of World Elder Abuse Awareness Day, the Internal Revenue Service is highlighting how criminals target older citizens.

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Royalty Payments

Tipalti

Royalty payments help support the gig economy by ensuring that inventors, creators, artists and other intellectual property owners are compensated appropriately for their work. Learn more.

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Days cash on hand definition

Accounting Tools

What is Days Cash on Hand? Days cash on hand is the number of days that an organization can continue to pay its operating expenses , given the amount of cash available. Managers should be aware of the days cash on hand when a business is starting up, and is not yet generating any cash from sales. It is also worth reviewing during the low part of a seasonal sales cycle, when there may be no sales.

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Profit in the Details: Rethinking Spend for Monumental Impact

Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g

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Hitting $800K in Year 1, Building Culture, and more w/ Randy Crabtree

Jetpack Workflow

Podcast Summary In this episode of Growing Your Firm, host David Cristello interviews Randy Crabtree , a top influencer in the accounting industry. Randy, co-founder of Tri-Merit , discusses R&D, tax credits, and cost segregation, sharing insights on the success of his firm. Tune in for a valuable conversation on creating a culture of value and importance in the workplace.

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CTA opens door to new kinds of scams

Accounting Today

The Corporate Transparency Act, ostensibly meant to address scams and other crimes, has ironically opened the door to new kinds of scams directed at small-business owners.

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Everything You Need to Know About IRS Form 1040 Schedule 2

Ace Cloud Hosting

IRS Form Schedule 2 is one of the most common forms that many taxpayers need to fill if they are self-employed, have household employees, or have other situations shared in.

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How to Tackle Procure-to-Pay Challenges: Key Strategies for Success?

Outsourced Bookeeping

Are you searching for ways to overcome P2P challenges ? Well, your search ends here! It is essential to note that every business firm faces difficulties with Procure-to-Pay activities. From poor processes in procurement to uncontrolled spending, or supplier relations management, organizations must master the Procure-to-Pay process. In this article, we will explore several important ways to overcome P2P challenges and enhance procurement and payment operations.

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Navigating Bleisure Travel: A Guide for Mid-Sized Companies

Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.

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Jetpack Workflow Product Updates (For May 2024)

Jetpack Workflow

Hi there! Each month we will be sharing a quick product update on Jetpack Workflow. What you’ll find in this content can be things like product improvements, new feature releases, what is on the upcoming roadmap, and anything else that is relevant to your accounting workflow success. We often get busy behind the scenes of the product that we don’t get to share publicly about all the cool things our team is working on.

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Lessons in growth

Accounting Today

Strategies, tactics and best practices from Accounting Today's Firm Growth Forum.

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Proposed Cannabis Rescheduling: Tax Implications and the Need for IRS Guidance

Insightful Accountant

The cannabis industry anticipates a major change with the DEA's expected rescheduling of cannabis from Schedule I to Schedule III. This shift could have significant tax implications for businesses, potentially impacting IRC section 280E.

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Scaling Your Small Business with Outsourced Bookkeeping: Growth Strategies and Tips

Less Accounting

As a small business owner, you know the importance of keeping your financial records accurate and up-to-date. However, as your business grows, so do the complexities of managing your books. This is where outsourced bookkeeping can play a crucial role in scaling your operations efficiently. In this blog post, we’ll explore various growth strategies and tips for leveraging outsourced bookkeeping services to propel your small business forward.

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Unlock The Blueprint: How To Construct A Better Payment Workflow

Speaker: Timothy Allsopp

Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.