Sat.Aug 05, 2023 - Fri.Aug 11, 2023

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Big Four: AI will augment, not replace, accountants

Accounting Today

The four largest firms are squarely on 'Team Human' when it comes to artificial intelligence — and don't believe the tech is even at a level where it can take over all of a human's job.

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Building Inclusion: Empowering Indigenous voices and finding allyship through education

Intuit

Tell us a little bit about yourself and what brought you to Intuit. Jane Merrick (Intuit Australia): Two years ago I decided to move into the tech space, and this opportunity with Intuit came along—I haven’t looked back since! We have such a fantastic and inspiring team. I love coming to work every day to help small businesses and advisor customers solve their problems.

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Introducing our 2023 Xerocon Sydney event partners

Xero

Xerocon Sydney is just weeks away on 23 and 24 August, and the ICC exhibitor floor will be full to the brim with some of the best and most loved apps, tools and services for accountants, bookkeepers and small businesses. This year, you can expect to see 80+ exhibitors at the event, including more than 70 leading Xero App Store app partners. Whether you’re looking for tools to chase invoice payments, simplify tax compliance, or make job management easier, you’ll find plenty of solutions to help s

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How AccountingDepartment.com Fused Coaching into Culture

Accounting Department

Company culture is a term that is heard quite often from companies all over the world. It's what defines an organization, shaping its values, beliefs, and behaviors. It encompasses employees' shared attitudes and norms, how they interact, and the overall work environment.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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.

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PCAOB finds more problems in broker-dealer audits

Accounting Today

The Public Company Accounting Oversight Board saw high rates of deficiency when inspecting audits of brokers and dealers last year, with little to no improvement over prior years.

Auditing 246
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Pursuing my professional and personal ambitions at Intuit

Intuit

I took the road less traveled Graduating high school at seventeen. Joining the Army Reserves. Earning six college degrees. Studying Greek, Hebrew, and Latin in seminary. I’ve been blessed with a bundle of energy and many interests. Even with all of those experiences, I’ve found my position at Intuit as a Multi-Domain Expert (MDE)—supporting TurboTax and QuickBooks—incredibly satisfying.

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Key Factors to Consider While Choosing the Right Bookkeeping Service Provider

Accounting Department

Outsourcing bookkeeping functions can be a strategic decision for businesses, providing professional expertise and freeing up valuable time for core operations. However, selecting the right bookkeeping service provider is crucial to ensure a seamless and successful partnership. In this blog post, we will guide business owners in choosing the right bookkeeping service provider by highlighting key factors such as industry experience, service offerings, reputation, technology integration, and clien

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IRS offers new way to get relief on late int'l forms

Accounting Today

Taxpayers who aren't under examination have a new option that promises to make it easier to request relief when they need to file international tax forms and documents past a deadline.

Tax 246
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Semi-retired and (still) thriving as a tax expert at Intuit

Intuit

Libby Wages, a tax expert with an enrolled agent credential from Atlanta, Georgia, joined Intuit while in semi-retirement. She’s thrilled that Intuit has empowered her to use technology with confidence while she helps consumers and small businesses run their financial lives. Intuit makes it easy to learn the latest technology Like you, I’m confident in my tax and accounting abilities.

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QuickBooks Hosting Review 2023 – Benefits, Pricing & Customer Reviews

Ace Cloud Hosting

There are dozens of QuickBooks hosting service providers in the market with similar offerings that appeal to your dollar, but how are their results? How should you go about choosing.

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Predictions You Can Rely On: How Data Drives Successful Financial Forecasting

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.

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Best Accounting & Payroll Methods for Mental Health Practices

CSI Accounting & Payroll

When you own a mental health practice, your main goal is to help your patients have a brighter future. After focusing on treating the different things that cause them discomfort or distress, you don't want to slow down enough to put in the extra hours that accounting and payroll require. Have you ever considered outsourcing these tasks to save you time and help you avoid costly mistakes?

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Uniting accountants to salute the troops

Accounting Today

The Accountants Salute the Troops campaign is bringing the accounting profession together to increase awareness of the USO's mission and raise much-needed funding to support the men and women of our military.

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Top Invoice Factoring Companies in Michigan

FundThrough

As business owners, we’re all too familiar with the challenges of maintaining cash flow. Waiting for accounts receivable can slow your business’s progress and ability to seize new opportunities. In cases where you need more reliable cash flow for payroll, big projects that will grow your company, equipment, or any other expense, factoring can be […] The post Top Invoice Factoring Companies in Michigan appeared first on FundThrough.

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QuickBooks Online Navigation Revisions Coming Soon

Insightful Accountant

The Intuit QuickBooks team is advising accountants and ProAdvisors of impending changes to QBO Navigation, which will give them time to start working with their clients on the upcoming enhancements.

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The Definitive Guide to Spend Management

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.

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How Your Firm Can 100% Automate This Marketing Activity

Future Firm

Firm owners often struggle with marketing. In this episode, I discuss how I use AI to automate my podcast marketing and how you can implement the same without being an expert. Listen Below. 1:10 – The usual podcast production process involves brainstorming, scripting, recording, and editing by a virtual assistant. However, the current episode breaks this pattern, as it’s created by AI, including the voice. 1:42 – Creating a podcast requires topics, which can be challenging to g

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IRS employee union gets new leader

Accounting Today

The National Treasury Employees Union, whose members include Internal Revenue Service agents and revenue officers, elected Doreen Greenwald, a longtime federal employee and local union leader as the next national president.

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The Complete Guide to AI Image Processing

Nanonets

In a world increasingly dominated by digital imagery, the convergence of artificial intelligence and computer vision has ushered in a new era of innovation. Join us as we dive headfirst into the captivating realm of AI image processing. Buckle up, for the pixels are about to come to life, and the machines are poised to reveal the unseen. What is AI Image Processing?

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Tanya Hilts on Unlocking Success

Insightful Accountant

On the latest edition of Accounting Insiders, Insightful Accountant's Gary DeHart sits down with Cloud Business Services' Tanya Hilts to discuss the importance of industry events, and more.

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Navigating Financial Storms: Strategies for Building Resilient Balance Sheets

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.

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Tips for taking on a messy comingling cleanup in QuickBooks Online

5 Minute Bookkeeping

Starting with a new bookkeeping client can be an exciting opportunity, but what happens when their books are a mixed mess of personal and business transactions? It becomes crucial to implement effective strategies to untangle the comingling mess and establish proper bookkeeping practices. When that happens to you, here are my tips for taking on a messy comingling cleanup in QuickBooks Online.

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AICPA, NASBA team with Tulane to ease CPA licensing

Accounting Today

The American Institute of CPAs and the National Association of State Boards of Accountancy are pilot testing a program to make it easier for accounting students to earn 150 credit hours.

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Is Outsourcing B2B Debt Collections Right for Your Business?

Enterprise Recovery

Do your business debt collections keep you up at night? It's frustrating to work with a client who neglects to pay their invoices, especially when you know their non-payment will affect your ability to be successful. More often than not, some of those invoices will remain unpaid unless you have the resources to follow up with them. Is outsourcing B2B debt collections the right choice for your business?

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QBO Monday Minute: Auto-Match with QuickBooks Online Payments

Insightful Accountant

Liz Scott is back with a look at the newest feature from QBO Payments and how it will help streamline the process of matching QBO with QBO Payments.

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Your New & Improved Month-End Close Process Is Not So Far Out of Reach!

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!

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The Role of Accounts Payable on Cash Flow

MineralTree

No matter your business’ size or industry, healthy cash flow is critical for operations and financial stability. But a key component of cash flow balance — accounts payable — is often overlooked. Accounts payable (AP) is inherently tied to a business’ financial stability. It includes the amounts owed to vendors, suppliers, and other stakeholders for goods or services.

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Creativity and closing the accounting talent gap

Accounting Today

Firms need to engage in a systemic overhaul of how they pull individuals toward the profession, keep them in it, and use them as advocates to bring others into the space.

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Cash and cash equivalents definition

Accounting Tools

Related Courses Optimal Accounting for Cash How to Audit Cash The Balance Sheet What are Cash and Cash Equivalents? Cash and cash equivalents is a line item on the balance sheet , stating the amount of all cash or other assets that are readily convertible into cash. Any items falling within this definition are classified within the current assets category in the balance sheet.

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IA Video Resources on YouTube

Insightful Accountant

Insightful Accountant's YouTube page is your first stop for all videos, including webinar archives and podcasts. Check it out and subscribe today!

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Putting the ‘Tech’ in Spend Management Techniques

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!

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Common Ways To Allocate Cloud Spend (+ The Pros And Cons)

CloudZero

All the major cloud providers allow users to attach business context to their infrastructure in some way. It’s this context that allows users to divide up their cloud bill into more easily digestible bites and keep track of cost trends for different resource types.

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Accounting software companies seek to bolster products with AI

Accounting Today

Major accounting software companies view AI as a way to step up the timetable on their long-term ambitions as they work the new technology into their products.

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Subsequent events definition

Accounting Tools

Related Courses Accountants' Guidebook GAAP Guidebook What is a Subsequent Event? A subsequent event is an event that occurs after a reporting period, but before the financial statements for that period have been issued or are available to be issued. Depending on the situation, such events may or may not require disclosure in an organization's financial statements.

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Halo + NetSuite Helping to Save More Dogs' Lives

Insightful Accountant

Halo, a next generation GPS wireless dog fence company, has selected NetSuite to automate its key business processes, and support its domestic and international expansion.

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Global Accounting Principles and Commission Capitalization

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.