Sat.Jun 29, 2024 - Fri.Jul 05, 2024

article thumbnail

Why Outsourcing Your Accounting Could Be the Best Investment Your SMB Makes

Accounting Department

Running a small to medium-sized business (SMB) is no small feat. Between juggling sales, operations, customer service, and marketing, it’s easy to see why accounting often falls to the bottom of the priority list.

article thumbnail

Practice Profile: A hand up for young accountants

Accounting Today

Huselton, Morgan and Maultsby's Student Leadership Program aims to steer more students into accounting — and prepare them for other decisions down the line.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

New subscription plans are live in Australia: what this means for you

Xero

In May, we announced new subscription plans for Australian customers and partners as part of our efforts to simplify our plan offering. The new plan line-up bundles key features like Xero Expenses, Xero Projects and Xero Analytics Plus into some plans, making it easier to choose the right plan for your business or clients. These plans are now live to coincide with the start of the financial year.

XERO 216
article thumbnail

The Evolution of FinOps: Day 1 Keynote Themes from FinOps X 2024

FinOps Foundation

Key Insight: The FinOps X 2024 Day 1 Keynotes covered the Evolution of FinOps to include more technology spending beyond public cloud, FinOps for AI, cost-aware product decisions, carbon-aware FinOps. Stories from Disney and Uber spoke to the the constantly changing FinOps landscape, the FOCUS 1.0 GA launch landed and an executive panel of VPs from AWS, Microsoft and Google spoke together.

FinOps 130
article thumbnail

5 Steps to Shield Your Business: The Ultimate Guide to Avoiding Payment Fraud

As scams grow more sophisticated, it's crucial to stay proactive in defending against these threats. This guide equips CFOs, accountants, and business leaders with five essential steps—from fundamental safeguards to advanced security measures to strengthen your financial defenses. From enhancing data security to implementing fraud detection tools and safeguarding financial transactions, this guide provides expert advice that could save your company millions.

article thumbnail

Avoid These Common Accounting Mistakes for Growing Businesses

Accounting Department

Growing a business can be an exhilarating experience, but it comes with its fair share of challenges. One crucial area that requires meticulous attention is accounting. Proper accounting practices are the backbone of financial stability and growth, yet many small to medium-sized businesses (SMBs) often overlook them.

article thumbnail

IRS warns tax pros to beware of identity theft

Accounting Today

The Internal Revenue Service issued a warning to tax professionals to be on guard against the identity thieves who are targeting them and their clients.

Tax 294

More Trending

article thumbnail

Clouds announce FOCUS support and GenAI tools at FinOps X

FinOps Foundation

Key Insight: At FinOps X in San Diego last week, the three largest cloud service providers took the stage to announce feature launches and improvements to their FinOps offerings. Native FOCUS support was a ubiquitous theme, optimization recommendations were improved, and the use of AI assistants were common threads. Mike Fuller , CTO of the FinOps Foundation, and J.R.

FinOps 100
article thumbnail

Financial statements definition

Accounting Tools

What are Financial Statements? Financial statements are a collection of summary-level reports about an organization's financial results, financial position , and cash flows. They include the income statement, balance sheet, and statement of cash flows. Advantages of Financial Statements Financial statements are useful for the following reasons: To determine the ability of a business to generate cash, and the sources and uses of that cash.

article thumbnail

Ask what you can do for your profession

Accounting Today

Whether there will be a next generation of accountants is, in many ways, up to all of us.

article thumbnail

No Cost QuickBooks Bill Pay Elite Available for ProAdvisors

Insightful Accountant

Intuit is offering QuickBooks Bill Pay Elite to ProAdvisors and QBO-Accountant firms at no cost. We always want you to know when Intuit is offering a perk.

Billing 105
article thumbnail

How to Navigate Revenue and Expense Management: Competitive Insights for Financial Success

Speaker: Hilary Akhaabi, PhD - Founder, Chief Financial & Operations Officer at Go Africa Global

In the fast-paced world of corporate finance, staying ahead of the curve is crucial for sustainable growth and profitability. This exclusive webinar with leading expert Hilary Akhaabi, PhD, will teach you practical ways to navigate complex financial landscapes and enhance your company's revenue management capabilities. Whether you're aiming to refine your financial strategies or seeking innovative solutions to drive performance, this new session is for you!

article thumbnail

Amazon DynamoDB Pricing and Benefits: A Deep Dive

Economize

Introduction Building large-scale applications requires a solid data management strategy and a database that can handle large amounts of data with consistent, low-latency performance. High-traffic applications like e-commerce platforms, gaming backends, and social media networks need a database solution that can efficiently manage millions of requests per second without sacrificing speed or reliability.

article thumbnail

Moving from Local to National, Designing Culture for Working Moms, Acquisition Offers w/Katie Lilly

Jetpack Workflow

Podcast Summary In this episode of the Growing Your Firm Podcast, host David Cristello welcomes back Katie Lilly of Lillyfield Accounting Solutions. Katie discusses the transformative changes her firm has undergone since her last appearance on the show, pre-COVID. She shares insights on her firm’s transition from serving primarily local clients to expanding regionally and nationally, and how they navigated the shift to remote work with ease, having been originally designed as a remote fir

article thumbnail

IRS finalizes regs on stock repurchase tax

Accounting Today

The IRS and Treasury Department released final regulations on how companies and tax pros should report and pay the 1% excise tax on corporate stock repurchases.

Tax 248
article thumbnail

IRS Service Challenges: Insights for Tax Professionals

Insightful Accountant

National Taxpayer Advocate's report exposes IRS service metric flaws. LOS metric, based on answered calls, lacks full taxpayer interaction data. 88% LOS for 2024 is misleading, covering only 35% of phone lines without ensuring issue resolution.

Tax 59
article thumbnail

How To Streamline Finance Operations Through Automation

Speaker: Claire Grosjean

In today’s fast-paced business environment, finance professionals are under increasing pressure to optimize operations and drive strategic value. As a result, automation has become a core part of business strategy, offering unprecedented opportunities to streamline operations and drive efficiency. Join esteemed global finance and operations executive, Claire Grosjean, for a comprehensive guide on how to harness automation’s power through strategic collaboration with functional leaders.

article thumbnail

AWS EKS vs ECS: Which is Better for Container Management?

Economize

For many AWS users, choosing between Amazon EKS vs ECS is a common challenge. With the increasing popularity of containerized applications, having an efficient container orchestration platform is indispensable. Both EKS and ECS deliver powerful solutions for deploying, managing, and scaling containers, though they feature different capabilities and use cases.

article thumbnail

11 Accounting Advisory Services Your Firm Can Offer

Jetpack Workflow

If you’re part of the 80% of global accounting firms planning to add or expand their advisory services soon, you may be weighing which specific services you want to include and how to price them appropriately. Expanding into a new service department like client advisory services (CAS) can be a win-win scenario for you and your clients. It can offer your firm stable, recurring revenue outside tax season.

article thumbnail

IRS offers relief on reporting renewable energy tax credits

Accounting Today

The IRS's Large Business and International Division is providing companies that claim tax credits for renewable energy and electricity projects an expedited way to report them.

Tax 224
article thumbnail

IRS Shifts Audit Focus: What Tax Practitioners Need to Know

Insightful Accountant

IRS audit strategies have shifted towards auditing a broader range of high earners, impacting tax practitioners and their clients. Treasury Inspector General for Tax Administration report highlights this change.

article thumbnail

How to Avoid Getting Ghosted: Top 3 Secrets to Staying Relevant with Gen Z

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant or getting "ghosted" if they fail to meet the evolving needs of Gen Z consumers. In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will reveal key considerations banks should factor into their efforts to develop target products for the next generation of bank customers.

article thumbnail

Understanding and Managing Your Business Expenses: A Bookkeeper’s Guide

Less Accounting

Effective expense management is essential for the financial health and sustainability of any business, regardless of its size. As a small business owner, understanding and managing your expenses efficiently is paramount to achieving profitability and long-term success. In this comprehensive guide, we’ll explore the fundamentals of business expenses and provide practical tips for effective expense management from a bookkeeper’s perspective.

article thumbnail

5 Reasons to Have a Sage Cloud Server for Your Business

Ace Cloud Hosting

From small businesses to large enterprises, Sage offers a range of software to assist with different operations such as accounting, payment & banking, and supply chain management. Its desktop-based application.

article thumbnail

A different tax landscape at mid-year

Accounting Today

The end of Chevron deference, shifting IRS policies, and other major changes to the tax landscape.

Tax 289
article thumbnail

Real AI Software: A Practical Guide for Accountants

Insightful Accountant

AI is reshaping accounting by automating tasks and improving decision-making. Accountants must differentiate between genuine AI and marketing hype to invest wisely in tools that deliver real benefits.

article thumbnail

Navigating the Automation Landscape: Selecting Tools That Fit Your Business

Speaker: Gary Dmitriev

Our upcoming webinar aims to demystify the process of selecting and implementing automation tools for financial institutes. This session will provide your roadmap for vetting potential solutions, focusing on due diligence, vendor assessments, and aligning technology with strategic goals. We’ll also address the critical issue of innovation fatigue, offering tips on maintaining enthusiasm and momentum for new initiatives.

article thumbnail

How to write down inventory

Accounting Tools

The write down of inventory involves charging a portion of the inventory asset to expense in the current period. Inventory is written down when goods are lost or stolen, or their value has declined. This should be done at once, so that the financial statements immediately reflect the reduced value of the inventory. Otherwise, the inventory asset will be too high, and so is misleading to the readers of a company's financial statements.

article thumbnail

Top Remote Accounting Candidates for Hire | July 5, 2024

accountingfly

Top Remote Accounting Candidates This Week Looking for remote accountants? Accountingfly can help! With our ‘ Always-On Recruiting ‘ program, you can access highly skilled and experienced remote accounting candidates with no upfront cost. These are just a few of our top candidates this week. Sign up now to receive the full list of top accounting candidates available weekly!

CPA 52
article thumbnail

Tech News: Avalara announces 49 new integrations

Accounting Today

Plus, io.finnet launches virtual signer feature for enhanced digital asset operations; Caseware to hold webcast on AI audits; and other accounting tech news.

Auditing 224
article thumbnail

How To Get Bookkeeping Clients Quickly: 19 Tips To Use In 2024

Future Firm

Discover how to get more bookkeeping clients fast with our comprehensive guide. Learn effective tips to quickly find and grow your business. The post How To Get Bookkeeping Clients Quickly: 19 Tips To Use In 2024 appeared first on Future Firm.

article thumbnail

Secure SaaS Success: Embedded Finance as a Competitive Advantage

Speaker: Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms

Join us for an exclusive webinar hosted by Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms, where he’ll explore the significant impact of embedded finance on the software industry! This session is designed to provide you with the strategic insights needed to navigate the future of SaaS successfully, all while gaining a deeper understanding of how these trends can enhance your competitive edge, boost revenue, and deepen customer loyalty.

article thumbnail

Using 401(k) to Buy a Business: Rollover for Business Startups (ROBS) Account

CSI Accounting & Payroll

401(k) or IRA money may be used in a tax-advantaged way to buy a business, but there's a lot of risk. Is a Rollover for Business Startups (ROBS) account right for you? Let's discuss how ROBS work, their rules, & other financing.

article thumbnail

Fly the "Grand Old Flag" Proudly this 4th of July

Insightful Accountant

From Murph and all of us at Insightful Accountant, have a happy and safe holiday, and proudly remember the liberty and independence this holiday celebrates by flying the American Flag.

article thumbnail

Founder Files: The accountant who hates accounting

Accounting Today

Louie Vazquez says he has all the characteristics of a bad employee and a good business owner.

article thumbnail

Process Improvement is Not a Top Priority

Future Firm

If your goal is to systematize your firm, improving processes shouldn't be your top priority. Find out why in this episode. The post Process Improvement is Not a Top Priority appeared first on Future Firm.

article thumbnail

How to Easily Navigate Crypto Accounting in the Web3 Era

Speaker: Aaron Jacob, VP of Accounting Solutions & Reagan Cook, GTM Lead

Are you struggling to navigate the complexities and challenges that come with crypto accounting? 🤔 This new webinar will cover everything businesses need to know to get started with crypto accounting after incorporating crypto into their business models! Industry experts Aaron Jacob and Reagan Cook of TaxBit will thoroughly explore the prevalent operational hurdles encountered by accounting teams when interacting with crypto on the books, and detail how software solutions can effectively