Sat.Sep 09, 2023 - Fri.Sep 15, 2023

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New AI Invoice Data Capture Tool Available for Microsoft Business Central Users

Fidesic blog

A new AI powered invoice process solution for Microsoft D365 Business Central is a truly transformative piece of technology for accounts payable pros.

Invoicing 243
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PwC to take big steps on audit quality, independence, accountability

Accounting Today

The Big Four firm plans to stop offering some types of services to SEC-registered audit clients, and to cut the compensation of top leaders if the firm's audits fall short on quality.

Auditing 319
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Building Inclusion: setting a path to success for Latinos in tech

Intuit

Tell us a little bit about yourself and what brought you to Intuit. I was born and raised in Lima, Peru, and moved to the US when I was 19 for college. I graduated from UC Berkeley and have been working in project/program management focused in tech since graduation. My friend worked at Intuit and her team was looking for a technical program manager, and the rest is history.

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Xero Beautiful Business Fund: Ways for accountants and bookkeepers to get involved

Xero

Last month on stage at Xerocon Sydney, we announced that applications officially opened for the Xero Beautiful Business Fund. We’re giving away more than NZ$750,000 to eligible Xero small business customers across Australia, Canada (excluding Quebec), New Zealand, Singapore, South Africa, the UK and the US. While this initiative is targeted at small businesses, our accounting and bookkeeping partners play a key role in driving small business success and we’d love for you to help get your client

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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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Clients Can Have Peace of Mind with Rewind

Accounting Department

Since its establishment in 2015, Rewind has been dedicated to empowering businesses to safeguard their valuable SaaS and cloud data. With an impressive customer base of over 100,000 across 100 countries, Rewind's highly acclaimed apps and unwavering support have become the go-to solution for ensuring the uninterrupted operation of software-as-a-service applications.

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IRS use of AI in tax audits could be a game changer, but with pitfalls

Accounting Today

The Internal Revenue Service will need to tread carefully with how it uses AI amid growing questions about the reliability of the technology.

Auditing 341

More Trending

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How this accounting firm nearly doubled productivity and reinvested the time in its team

Xero

The one thing accountants and bookkeepers are always short on is time. Balancing client work, advisory, admin and growing their own teams, all whilst trying to run a profitable practice. This can take its toll on accountants, with our recent State of Accounting research in South Africa revealing that two thirds (64%) experience stress as a result of work and face continued challenges like loadshedding (75%) and economic instability (71%).

XERO 212
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Dynamic Surcharging and Multiple Invoicing Solved by Freedom Merchants

Accounting Department

As a small to medium-sized business owner, you know that cash flow is the lifeblood of your company. It's crucial to stay on top of your accounts receivable and make it as convenient as possible for your customers to make payments, without any added expenses for you.

Invoicing 197
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AICPA offers help with disaster preparedness and ESG

Accounting Today

The American Institute of CPAs is teaming up with other groups to help accountants cope with natural disasters, as well as learn more about the environmental, social and governance area.

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Bill.com to End Sync Support for Dynamics GP Dec 2023

Fidesic blog

Beginning December 1, 2023, Bill.com will no longer support direct sync for Microsoft Dynamics GP (Great Plains).

AP 245
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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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Xero Beautiful Business Fund: Apply now to help your business achieve its sustainability goals

Xero

There’s all sorts of great ways to help make your business more sustainable and have a positive impact. Some businesses might have a sustainability purpose core to what they do, like reducing food waste, wildlife conservation, or waterway restoration. Others might want to become more sustainable, through initiatives like reducing waste or consumption, shifting to a green fleet of vehicles, transitioning to a more sustainable business model, such as circular economy or regenerative agriculture, o

XERO 199
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A NEW Podcast is here! | Beyond the Books by AccountingDepartment.com

Accounting Department

Exciting news! We're thrilled to announce that Episode 1 of our NEW podcast, Beyond the Books , is now live and ready for your listening pleasure.

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No more shared EDGAR accounts under SEC proposal

Accounting Today

The Securities and Exchange Commission has proposed upgrading the EDGAR system to, among other things, shift from a per-company login system to a per-individual one.

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Key MLOps processes (part 2): Feature engineering, or the development of features

FinOps in Practice

In this article, we describe Process 2 – Feature engineering, or the development of features. Please, find the whole scheme, which describes key MLOps processes here. The main parts of the scheme are horizontal blocks, inside of which the procedural aspects of MLOps are described. Each of them is designed to solve specific tasks within the framework of ensuring the uninterrupted operation of the company’s ML services.

FinOps 130
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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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Bill.com to End Sync Support for Dynamics GP Dec 2023

Fidesic blog

Beginning December 1, 2023, Bill.com will no longer support direct sync for Microsoft Dynamics GP (Great Plains).

AP 130
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Punch-Out, Punch-In and Plug-In: What’s the Difference and Why Should I Care?

Compleatable

We’ve all been there, restlessly tossing and turning at night when suddenly it comes to you: you forgot to pick up that really important thing for the office tomorrow. A quick foggy-eyed scan through your phone, click a few buttons, and bam- order placed and you can finally relax. It’s hard to remember a life before online shopping. Its popularity highlighted the inefficiencies of shopping in a physical store; it can be time-consuming, hard to know you’re always getting the best price, and a gam

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IRS aims to expand tax certainty programs for big business

Accounting Today

The Internal Revenue Service is asking for comments from business taxpayers and their advisors about ways to improve and expand its programs for resolving tax issues upfront before companies run into compliance problems.

Tax 288
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CPA pipeline problems: Insights from a state society CEO

Blake Oliver

The accounting talent pipeline is narrowing at a troubling rate. As baby boomers retire, fewer college students opt into the profession, creating a widening gap in the number of CPAs. In my latest Firm of the Future article , I share insights from a recent podcast interview with Jen Cryder, CEO of the Pennsylvania Institute of CPAs. She describes a profession facing urgent questions about its future workforce.

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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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Top 100 2024 Clues: More Training Opportunities

Insightful Accountant

Murph is prone to repeating himself these days. That's especially so when it comes to important clues, like "don't miss training opportunities" for Top 100 2024.

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Is Quicken and QuickBooks the Same Thing?

Ace Cloud Hosting

Accounting operations are no longer about paperwork. Software programs have taken center stage, and users are picking different accounting solutions depending on their requirements. Since the range of accounting software.

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IRS cracks down on illegal sports betting

Accounting Today

The Internal Revenue Service's Criminal Investigation division is targeting illegal activity tied to sports betting as the pro football season gets underway.

Tax 305
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The wild classes CPAs take for their 150 hours

Blake Oliver

From Alabama dinosaurs to pickleball, accountants have studied some unusual things to fulfill their education requirement.

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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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How Decluttering the Digital Workspace Can Boosting Productivity and Mental Well-being

LedgerDocs

In recent years document management has evolved from file cabinets and paper clutter to more sophisticated and intricate digital systems. The shift to digital document management has allowed businesses to make strides towards efficiency and accessibility, and it without a doubt had an impact on the mental well-being of employees. Digital document management has changed the way our workday flows, influencing our productivity and mental health through the reduction of clutter, increased organizati

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Do Small Businesses Need an HR Professional?

CSI Accounting & Payroll

Small business owners understand the challenges of staying up-to-date with HR requirements , as well as handling any accidents or resolving personal issues that might come forward. It's important to have a resource to handle these situations, but how can that be done on a tight budget? Most small businesses can't afford to hire an HR professional, but what about outsourcing this assistance?

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EY sees global revenue grow 14.2% to $49.4B

Accounting Today

Ernst & Young saw one of the biggest revenue increases in its history despite the cancellation of its plan to spin off its consulting practice.

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4 Scalable Features to Increase Your Tax Prep Prices

Future Firm

As I shared numerous times before, I love the idea of presenting clients with Gold, Silver, and Bronze options for personal tax preparation services. However, in this episode, our focus will be on highlighting some of the additional features you can provide and discussing how to present them, rather than demonstrating how to bundle them together. Listen Below. 0:51 – Out of all the services I offer, standalone personal tax preparation services are probably the ones I like the least.

Tax 97
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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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4 Things Not to Do When Your Business is Audited

Nolan Accounting Center

Most of the time, small business returns are not audited. However, in recent years, the IRS has gotten more active. In November 2021, the IRS announced that audits would increase by 50% in 2021. In August 2022, the Inflation Reduction Act was passed, which included $80 billion in funding for the IRS, with approximately $45 billion of that going towards enforcement.

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8 Steps to Improving Cash Flow Forecasting

Insightful Accountant

MineralTree's Jose Garcia explains how accurately projecting future cash inflows and outflows can help you anticipate short- and long-term financial circumstances.

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Are accountants losing the ESG market?

Accounting Today

Reporting and assurance around sustainability disclosures are a natural fit for the profession — but it's attracting other players, too.

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Invoice to Payment: How to Streamline Accounts Receivable Workflows

Enterprise Recovery

Did you know that by optimizing your accounts receivable workflow, your cash flow can be boosted? Streamlining your processes and utilizing technology helps with faster payment cycles, fewer mistakes, and improved financial forecasting. Let's start with some best practices for improving your A/R - from invoicing to payment. How to streamline your accounts receivable workflow.

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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.