Sat.Dec 16, 2023 - Fri.Dec 22, 2023

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11 things we’ve learned about using AI together

Intuit

AI is changing the game across industry sectors around the world. While some companies are struggling to upskill their workforce in this supercharged environment, Intuit is staying a step ahead. Shannon Orr, Intuit’s assistant general counsel for AI, says, “We want to be innovators. We want to experiment.” That’s why we’re encouraging our employees to explore a wide variety of use cases with AI and generative AI (GenAI).

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Outsourced Client Accounting Services: Streamlining Financial Management

Accounting Department

Outsourced client accounting services play a crucial role in helping businesses take control of their financials. These services involve outsourcing the accounting and bookkeeping tasks to a third-party service provider, allowing businesses to focus on their core operations. The role of outsourced client accounting services goes beyond basic bookkeeping; it includes managing accounts payable and receivable, payroll processing, financial reporting, and more.

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Cloud Hosted QuickBooks Enterprise Security for Your Business – A Comprehensive Guide

Ace Cloud Hosting

QuickBooks Enterprise is a comprehensive accounting software designed to help businesses manage their finances, inventory, and operations efficiently. Being a repository for sensitive financial information, QuickBooks Enterprise demands a comprehensive.

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IRS grants $1B in penalty relief

Accounting Today

The relief will go to roughly 4.7 million taxpayers who weren't sent collection reminder notices during the pandemic.

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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

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QuickBooks Revises 1099 Process for 2023 Filings

Insightful Accountant

Preparing, filing, and correcting 1099s is now easier than ever in QuickBooks Online. New workflow, reporting, free e-file of corrections and E-file payment flexibility and will be available for the 2023 filing period.

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We’re partnering with Flinks to improve your bank feeds in Xero

Xero

We know the insights you get out of Xero are only as good as the data that goes in. That’s why we’re committed to improving both the number and quality of bank feeds across Canada and the US. It’s something we promised you we would focus on, and we’re excited to share that we’ve made some great progress. Today, we’ve announced a new partnership with Flinks , which will give you access to more than 20 high-quality bank feeds in Xero.

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The 2023 Top 100 People: Fixing the pipeline problem

Accounting Today

Accounting's influencers offer their advice for solving the profession's most critical issue.

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Latest Desktop Release Updates: "Mass Migration"

Insightful Accountant

Intuit's latest release updates to QuickBooks Desktop 2024, 2023 and 2022 are aimed as "Mass Migration" to QuickBooks Online.

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Highlights from Xero’s 2023 hackathon

Xero

Twice a year, our teams at Xero are invited to take part in a hackathon week. The challenge is simple: find a small, specific problem that our customers face, and come up with an innovative solution that can be built and released to customers in a short period of time. Participants are encouraged to think outside their comfort zone and area of expertise.

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Transforming Finance Operations: The Power of Third-Party Tech in Modernizing Accounting Workflows

Plooto

Enterprise-quality software is now within reach for growing businesses and accounting firms.

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Live Demo - Supercharge your Month End Close

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

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IRS warns seniors: Take your RMDs

Accounting Today

Those 73 and older need to make sure they're taking their required minimum distributions from IRA and other retirement accounts.

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Intuit Launches New Global Brand - 'Business Differently'

Insightful Accountant

Intuit has announced a new global QuickBooks brand platform, “Business Differently,” focused on the growing population of solopreneur small business owners.

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Accounting Work Life Balance: 10 Tactics for Success

Future Firm

If you're striving for accounting work life balance, check out this article that lists 10 actionable tips & tricks to help get you there. The post Accounting Work Life Balance: 10 Tactics for Success appeared first on Future Firm.

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How Automation is Changing the Game for Today’s Accountants

Plooto

In 2024, accountants will no longer be deemed company number crunchers as they gain access to technology that allows them to play an increasingly strategic role in business decisions. It’s a role transformation that’s already begun, sparked by the accelerated adoption of digital accounting, fueled by cloud computing, automation, and AI.

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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.

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Employers get a break on sketchy ERCs

Accounting Today

The IRS is rolling out a voluntary disclosure program to let businesses pay back Employee Retention Credits they claimed in error.

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January's QB Talks is our 2024 ProAdvisor Meetup

Insightful Accountant

Insightful Accountant will host a 'talkative' ProAdvisor Meetup for our first QB Talks of 2024. ProAdvisors are invited to this 'open mic' discussion of issues surrounding the ProAdvisor Awards, the ProAdvisor Program and QuickBooks Desktop 2024.

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Practical AI: Drafting Policies & Procedures

Blake Oliver

Drafting policies and procedures docs was one of my least favorite tasks as a business owner. But now I love it. This year, I started using AI to write my first drafts of policies and process docs for my team. It cuts the time in half, and I get better results. Watch the video to learn two ways to get started using AI chatbots to draft documentation: ✔️ Use a Q&A prompt to have AI give you a list of questions.

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Top 25 Accounting Influencers You Should Follow in [2024]

Ace Cloud Hosting

The accounting profession helps businesses drive successful commerce around the world. From tax law changes to financial statement reporting changes, so much is happening in this space that it can.

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Your Accounting Expertise Will Only Get You So Far: What Really Matters

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. 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 (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). 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.

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IRS expands business tax accounts

Accounting Today

Individual partners and individual shareholders of S corps can now get a business tax account.

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QBO Monday Minute | Balance Sheet Budgeting in QuickBooks Online

Insightful Accountant

Join Liz Scott as she dives into QuickBooks Online Balance Sheet Budgeting feature which is fairly new.

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How to account for customer advance payments

Accounting Tools

A customer may pay in advance for goods being delivered or services being provided. Possible reasons for a customer advance are noted below. Customer Advance Due to Bad Credit The seller is unwilling to advance credit to the customer and so demands payment in advance. This is most common when the amount of the sale is quite large, since extending credit would represent a substantial risk for the seller.

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16 Benefits of Cloud-Based Subscription Management

Billing Platform

Cloud services continue to evolve for businesses large and small (no matter the industry). This environment features many benefits like improved performance and high availability, business continuity, centralized data security, and cost savings. While the cloud has been adopted for many internal processes, billing and more specifically subscription management are only just beginning to embrace cloud-based subscription management and its benefits.

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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.

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Tax preparers — time to prepare!

Accounting Today

A look at the credits, regulations and other tax developments that will shape the coming tax season.

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Badge Happy ProAdvisor Skill Training Now Available

Insightful Accountant

ProAdvisors love their Badges, so Intuit has created two new Knowledge Badge training programs focusing on skills surrounding 'Banking' and 'Reporting'. You can also earn points for the 2024 ProAdvisor Awards with these two new Badges.

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What is accountancy?

Accounting Tools

Accountancy is the practice of recording, classifying, and reporting on business transactions for a business. It provides feedback to management regarding the financial results and status of an organization. The key accountancy tasks are noted below. Recordation The recording of business transactions usually involves several key transactions that are handled on a repetitive basis, which are issuing customer invoices , paying supplier invoices, recording cash receipts from customers, and paying e

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1099 Rules

Tipalti

Stay compliant in 2024: unravel Form 1099 rules to help navigate tax regulations seamlessly and stay on top of the constantly-changing business taxes landscape.

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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.

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Aprio expands in Texas

Accounting Today

The Top 100 Firm is merging in San Antonio- and Austin-based Ridout Barrett & Co.

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Something new is coming to Insightful Accountant!

Insightful Accountant

Insightful Accountant's cooking up something new for you next year. A new and exciting webinar series: Insightful Accountant's Practice Management Talks.

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Formula for the present value of an annuity due

Accounting Tools

What is the Formula for the Present Value of an Annuity Due? The present value of an annuity due is used to derive the current value of a series of cash payments that are expected to be made on predetermined future dates and in predetermined amounts. The calculation is usually made to decide if you should take a lump sum payment now, or to instead receive a series of cash payments in the future (as may be offered if you win a lottery).

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Building a Firm to the Right Size with Keila Hill-Trawick, CPA

Cloud Accounting Podcast

Keila Hill-Trawick joins Blake and David to discuss her philosophy on intentionally building a firm to the "right" size, rather than pursuing endless revenue growth. She also explains how her firm narrowed its service offerings to focus on core recurring services like tax planning and fractional CFO work. Blake and David examine research on how much money Americans think they need annually to be happy, with millennials citing much higher targets.

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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.