Sat.Oct 28, 2023 - Fri.Nov 03, 2023

article thumbnail

Revenue vs. Profit: Understanding the Difference and the KPIs that Matter

Accounting Department

Business owners strive to maximize their company’s profits. After all, profits are the primary metric of a successful business. However, not everyone understands the difference between revenue and profit, and why it matters for their business.

article thumbnail

CFOs should embrace digital transformation or risk irrelevance

Accounting Today

In an ever-shifting global landscape full of economic uncertainties, the traditional role of chief financial officers is undergoing a seismic evolution.

355
355
professionals

Sign Up for our Newsletter

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

article thumbnail

Global Engineering Days 2023 – a week on the road to beautiful code

Intuit

GED is a weeklong code-a-thon that brings together Intuit technologists from all over the world to innovate and collaborate on projects they’re passionate about. This fall’s GED had a number of “firsts”: #1: Intuit’s Chief Technology Officer, Alex Balazs kicked off the week in Bangalore, India. Over 1,000 technologists from our India office came together in person to watch the GED kickoff, hosted by Alex.

331
331
article thumbnail

Xero Awards UK: Introducing our 2024 judges

Xero

We’re excited to announce our official judging panel for the Xero Awards UK 2024. This year’s panel is made up of Xero leadership, as well as guest judges from the Xero community, including previous Xero Award-winners and industry leaders. They’re taking on the difficult task of selecting our winners for the 12 accountant, bookkeeper and app partner award categories.

XERO 264
article thumbnail

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.

article thumbnail

The Ins and Outs of DCAA Accounting 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.

article thumbnail

What the tax gap tells us

Accounting Today

The IRS's most recent study of how much taxpayers aren't paying suggests some important priorities going forward.

Tax 339

More Trending

article thumbnail

Maximize Your Tax Return in 2023 Tax Year

LedgerDocs

With tax season just around the corner it is the perfect time to begin thinking about how to get the most out of your deduction. Maximizing your tax return from 2023 requires some careful pre-planning and strategic decision making throughout the year. Know Your Total Taxable Income The first step in ensuring you get the best return possible is to calculate your total taxable income.

Tax 105
article thumbnail

Supporting Military Spouses One Career at a Time | Beyond the Books Podcast by AccountingDepartment.com

Accounting Department

We are thrilled to announce that Episode 5 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

262
262
article thumbnail

20 states that burden taxpayers the most

Accounting Today

The worst five states have an average total tax burden of 11.21%.

Tax 334
article thumbnail

Thomson Reuters Unveils Generative AI Strategy Designed to Transform the Future of Professionals

Insightful Accountant

Thomson Reuters, a global content and technology company, today announced updates on its multi-year global investment strategy in generative artificial intelligence. These include integrating generative AI skills through product, Westlaw Precision.

105
105
article thumbnail

Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But 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. 🗻 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. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

article thumbnail

Accounting Firm Marketing In The Era of Generative AI

Earmark Accounting Podcast

David Toth of Winding River Consulting joins Blake to examine how digital marketing and AI are disrupting accounting firm marketing. They also look at how innovative firms use marketing automation, CRMs, and content marketing to generate leads and close deals from their websites. Sponsor Check out our Sponsor LiveFlow — Advanced Financial Reporting on Autopilot Chapters (00:51) - Earn Free CPE credit (01:32) - David Toth joins the show to talk about marketing for accounting firms (04:53) - How m

article thumbnail

4 Very Common Bookkeeping Mistakes and How LedgerDocs Can Save the Day

LedgerDocs

Bookkeeping is not for the faint of heart. There seem to be so many ways to mess up your financial records without knowing it. But don’t worry, a lot of these mistakes are common, and, most importantly, they are correctable if they are caught early enough. In this blog post, we will explore four common bookkeeping mistakes and, more importantly, how LedgerDocs can be your savior, helping you to avoid or fix these pitfalls.

article thumbnail

IRS increases 401(k) and IRA limits

Accounting Today

The service issued its annual adjustments for retirement plans, with some reflecting changes in the SECURE 2.0 Act.

Tax 332
article thumbnail

December 2023 QB Desktop Payroll Price Increase

Insightful Accountant

While many changes won't take effect until the next renewal date(s), price changes are coming to QuickBooks Desktop Payroll and Payments this December.

Payroll 105
article thumbnail

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.

article thumbnail

The advantages of electronic invoicing for accounts payable

Cevinio

The advantages of electronic invoicing for accounts payable Governments around the world continue to encourage digitization and push companies towards adopting financial technologies such as electronic invoicing, or e-invoicing. A rapidly maturing area of fintech, e-invoicing is replacing paper-based methods as more organizations realize that not only is it far more efficient, but it also brings a wide variety of advantages for businesses that adopt it, and their trade partners.

article thumbnail

4 Very Common Bookkeeping Mistakes and How LedgerDocs Can Save the Da

LedgerDocs

Bookkeeping is not for the faint of heart. There seem to be so many ways to mess up your financial records without knowing it. But don’t worry, a lot of these mistakes are common, and, most importantly, they are correctable if they are caught early enough. In this blog post, we will explore four common bookkeeping mistakes and, more importantly, how LedgerDocs can be your savior, helping you to avoid or fix these pitfalls.

article thumbnail

IRS extends e-signature and encrypted email options

Accounting Today

The Internal Revenue Service is extending two of its pandemic-related options for taxpayers and tax professionals.

Tax 332
article thumbnail

New QBO Accountant COA Template feature

Insightful Accountant

QuickBooks Online Accountant users now can standardize their clients' Chart-of-Accounts easier with a new COA Template feature. Consider this your Halloween treat.

article thumbnail

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.

article thumbnail

The Next Era of Healthcare Revenue Cycle Management: Why Experience and Expertise Matter More Than Ever

SSI Healthcare Rev Cycle Solutions

The Next Era of Healthcare Revenue Cycle Mananagement: Why Experience and Expertise Matter More Than Ever Home / October 30, 2023 In an industry characterized by tightening margins, workforce reduction, and the omnipresent rise in medical claim denials, hospitals and health systems find themselves grappling with an age-old question: How do you do more with less?

article thumbnail

How to Effectively Audit Accounts Payable

MineralTree

Accounts payable is a foundational function that ensures organizations maintain accurate invoices, payments, and vendor relationships, while making bill payments on time. However, amidst today’s rapid and intricate business transactions, particularly in high volumes, managing accounts payable processes can pose significant challenges. Without proper oversight and regular checks, accounts payable can turn into a source of financial complexity and risk.

article thumbnail

NASBA CEO Ken Bishop plans to retire

Accounting Today

The longtime leader of the National Association of State Boards of Accountancy plans to retire at the end of July.

article thumbnail

Client Hub Revolutionizes Email Management for Firms with AI-Enabled Email Integration

Insightful Accountant

Client Hub, a leader in modern workflow platforms for accounting and bookkeeping firms, is proud to announce the launch of its groundbreaking AI-enabled email integration.

article thumbnail

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.

article thumbnail

Step costs definition

Accounting Tools

Related Courses Cost Accounting Fundamentals What are Step Costs? A step cost is a cost that does not change steadily with changes in activity volume, but rather at discrete points. The concept is used when making investment decisions and deciding whether to accept additional customer orders. A step cost is a fixed cost within certain boundaries, outside of which it will change.

article thumbnail

Joshua Lance, CPA: A Humble, Thoughtful Leader

Cloud Accounting Podcast

Today, we are honoring the life of Joshua Lance, CPA, founder of Lance CPA Group, who passed away in October at the age of 40 after a battle with cancer. To commemorate Josh's life, we are playing a eulogy delivered by Kenji Kuramoto at Josh's memorial service this past weekend. Kenji represented the many voices in the accounting profession that Josh was a part of.

CPA 75
article thumbnail

IRS criminal investigators team up with other countries to tackle cybercrime

Accounting Today

Officials from the IRS's Criminal Investigation division met with tax officials from four other countries to uncover tax evasion and money laundering schemes through data mining.

Tax 325
article thumbnail

BatchMaster for QuickBooks – Part 2

Insightful Accountant

It's 'Warehouse Wednesday' and we are returning this week to our series on BatchMaster, the application specifically designed for formula/batch processing that integrates with QuickBooks.

article thumbnail

How to Modernize Manufacturing Without Losing Control

Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives

Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri

article thumbnail

Deferred tax asset valuation allowance definition

Accounting Tools

Related Courses Accounting for Income Taxes Small Business Tax Guide What is a Deferred Tax Asset Valuation Allowance? A deferred tax asset is a tax reduction whose recognition is delayed due to deductible temporary differences and carryforwards. This can result in a change in taxes payable or refundable in future periods. A business should create a valuation allowance for a deferred tax asset if there is a more than 50% probability that the company will not realize some portion of the asset.

Tax 75
article thumbnail

Key Advantages of Autonomous Finance in A/R Collections

Gaviti

The role of the CFO is changing as the financial industry undergoes a rapid transformation. By 2025, Gartner predicts that more than 80% of new job opportunities in finance will be in roles other than traditional accounting and financial planning and analysis (FP&A). With the assistance of autonomous technology, companies that want to be prepared for the future are welcoming this as a new opportunity for their financial departments to promote greater efficiency and an enhanced customer exper

article thumbnail

CLA makes plans for expansion abroad amid AI push

Accounting Today

CliftonLarsonAllen has been building its international network since starting it last year in the U.K. and Ireland, with further expansion plans to other parts of the world as it begins to roll out artificial intelligence technology that it's calling CLA GPT.

article thumbnail

Imagineering Field Service Management for NetSuite

Insightful Accountant

I put my mind to work while I was at SuiteWorld to think about new ways to 'imagineer' the uses for the new NetSuite Field Service Management feature.

103
103
article thumbnail

Protect What Matters: Rethinking Finance Ops In A Digital World

Speaker: Cheryl J. Muldrew-McMurtry

Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.