Sat.Jul 29, 2023 - Fri.Aug 04, 2023

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Maximize Profits With Smart Pricing And Strategic Plating

SLC Bookkeeping

In the dynamic and competitive restaurant business world, two essential elements play a significant role in captivating customers: smart pricing and food plating.

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Sales tax nexus vs. income tax nexus

Accounting Today

If you have clients with businesses in multiple states, product or service sales in different states, or employees in other states, they need to know a thing or two about nexus.

Tax 245
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Intuit Named to FIDO Alliance Board in Recognition of Passwordless Authentication Standards Leadership

Intuit

Every day, our employees set out to solve customer problems and deliver seamless experiences, propelled by our AI-driven expert platform strategy and mission to power prosperity around the world. Part of delivering on this means delivering industry-leading customer experiences for more than 100 million consumer and small business customers with Intuit TurboTax , Credit Karma , QuickBooks , and Mailchimp.

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Achieving that sale getting harder for small businesses

Xero

Small business owners are well aware how hard it is for their customers right now, who are trying to stretch their budgets to cover the rising cost of household bills, transport, housing and debt repayments. This isn’t leaving a lot of cash to spend in their local small business. This difficult task of making a sale is showing up clearly in the latest Xero Small Business Insights (XSBI) data, with sales growth slowing across all Australia, Canada, New Zealand, the UK and the US.

XERO 223
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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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Streamlining Financial Processes: How Client Accounting Services Drive Efficiency

Accounting Department

Efficient financial processes are essential for the success and growth of any business. However, managing tasks like invoicing, payroll management, and financial reporting can be time-consuming and complex, diverting valuable resources from core operations.

Payroll 196
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IRS issues guidance on Medicare drug pricing tax

Accounting Today

The Internal Revenue Service and the Treasury Department said Friday they will be issuing rules for prescription drug makers and importers about a new tax imposed by a provision in last year's Inflation Reduction Act to allow Medicare to negotiate on the prices of many medications.

Tax 246

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5 tips to get the best out of apps at Xerocon

Xero

Xerocon is fast approaching: the best forum to hear about the latest innovations within Xero, get inspired and connect with other accountants and bookkeepers. Plus, with more than 70 app partners from the Xero ecosystem exhibiting at Xerocon Sydney on 23-24 August, it’s also the best opportunity you’ll have all year to connect with and learn about apps that can take your practice to the next level.

XERO 198
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Is it Time for an Outsourced Bookkeeper?

Accounting Department

Some business decisions are obvious. Others can seem like 50/50 propositions that make doing nothing a good third option. Deciding what to do about your bookkeeping, fortunately, is not a dilemma when you know what to factor into your considerations. So, how can you determine whether you would be better off with outsourced bookkeeping services or continuing it onsite at this stage of your growth?

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IRS starts 'paperless processing' initiative

Accounting Today

The Internal Revenue Service hopes to process all of the tax correspondence, notice responses and non-tax forms it receives digitally in the next two years in an effort to reduce the amount of time-consuming paper it receives in the mail.

Tax 246
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Why Does Your Home Healthcare Service Need Monthly Accounting?

CSI Accounting & Payroll

When you own a home healthcare practice, such as senior care or disability care, you're often dealing with small profit margins. If you run into even a moderate problem at the wrong time, that can mean big trouble for your business. You might be surprised to hear that your accounting strategy can make all the difference. Most small businesses have an administrative employee handle bookkeeping as a side task, then outsource annual taxes to an accountant.

Payroll 98
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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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Can ChatGPT Comply with Accounting Rules?

Insightful Accountant

New Oracle NetSuite white paper not only provides a guide for CFOs about the topics of AI and Machine Learning, but also evaluates ChatGPT. Read our summary of how ChatGPT explained ASC 842 compliance.

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6 Tips to Solve Scope Creep in Your Service-Based Business

Brigade

If you run a service-based business, you may be familiar with the term “scope creep” which is essentially a stream of change requests that come from clients either during or after project delivery. This can be a major challenge for many reasons, not the least of which being your profit margin!

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Small-business wage and job growth slowed in July

Accounting Today

Hourly earnings growth for small business employees declined 0.07% to 3.95% and fell below 4% for the first time in more than two years, while hiring also moderated, according to Paychex.

Payroll 246
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Healthcare Accounting Services Provide Security for Your Practice

CSI Accounting & Payroll

More and more medical groups, including small practices and home healthcare, are outsourcing accountants for expanded services. Why? Regardless of how small it is, a medical practice is a business and needs to turn a profit to operate and grow. However, not all accountants or forms of accounting are created equal. Finding the right fit for your practice is a crucial step in the process.

Payroll 98
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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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Intuit Releases July 2023 QuickBooks Small Business Index

Insightful Accountant

Intuit has released the July 2023 QuickBooks Small Business Index, which provides unparalleled insight into employment and hiring activity among the smallest of businesses in the US, Canada and UK.

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The Ultimate Guide To Google Kubernetes Engine (GKE) Pricing

CloudZero

Google Cloud released Google Kubernetes Engine (GKE) as a commercial version of native Kubernetes (K8s). GKE promises a user-friendly, reliable, and cost-effective service. Yet, calculating GKE costs can be daunting, including how to understand what you're paying for and how to maximize your return on investment.

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CAQ pushes back against PCAOB NOCLAR proposal

Accounting Today

The Center for Audit Quality is spearheading an effort to convince the Public Company Accounting Oversight Board to water down a proposed update in the standards for auditors to be on the lookout for fraud and other signs of noncompliance with laws and regulations.

Auditing 246
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Payroll Deductions: What are they and how to calculate them

LedgerDocs

What is a Payroll Deduction Payroll deductions are an amount of money withheld from a paycheck by an employer to be used to pay taxes and cover any benefits that are provided such as retirement contributions or health insurance premiums. It is the responsibility of the employer to calculate and collect the correct amount from the employee’s gross pay before issuing a paycheck Common Types of Payroll Deductions: There are a few reasons why an employer may need to deduct money from an employeeR

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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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Canopy Expands its AI-driven Capabilities

Insightful Accountant

With its new Canopy Insights, the account management software provider advances its practice management analytics with AI-Driven custom query and reporting capabilities.

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4 Ways SaaS Brands Evolved Their Pricing Strategy Using Cost Intelligence

CloudZero

One powerful way SaaS companies can balance their own costs while still providing plenty of value to their customers is to be strategic about pricing tiers and payment plans.

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IRS cracks down on monetized installment sale transactions

Accounting Today

The Internal Revenue Service and the Treasury want to curb the use of some types of monetized installment sale transactions by listing them as potentially abusive tax dodges.

Tax 246
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Fixed asset accounting

Accounting Tools

Related Courses Accounting for Intangible Assets Fixed Asset Accounting How to Audit Fixed Assets How to Account for Fixed Assets A fixed asset is an item having a useful life that spans multiple reporting periods, and whose cost exceeds a certain minimum limit (called the capitalization limit ). There are several accounting transactions to record for fixed assets, which are noted below.

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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 to Ensure Long-term Lease Accounting Success

Insightful Accountant

A new webinar by LeaseCrunch will help guide attendees through preparing for the next chapter of ASC 842 lease accounting implementation. See how to sign up today.

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AI Accounting

Tipalti

From invoice processing to supplier onboarding, learn how AI is revolutionizing accounting. We’ll walk through AI accounting use cases, software, and how to start using AI today.

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Less than 1% of firms can find enough staff

Accounting Today

CPA firms are resorting to strategies like hiring workers abroad, raising starting salaries, offering fully remote jobs, and hiring staff who haven't graduated college.

CPA 246
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Types of accounting functions

Accounting Tools

Related Courses Bookkeeping Guidebook CFO Guidebook New Controller Guidebook There are several types of functions fulfilled by the accounting department within a business. These accounting functions are noted below. Financial Accounting The financial accounting group records accounting transactions and converts the resulting information into financial statements.

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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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QuickBooks Enterprise Advanced Features – Reference List

Insightful Accountant

Looking for a quick way to find reference articles within Insightful Accountant related to QuickBooks Enterprise Advanced features? Well, Murph has gathered a list of the most read articles regarding each feature.

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How to Conduct an Internal Audit in Your Company

SMB Accounting and Consulting

Internal audits play a crucial role in the success and sustainability of a company. They are systematic and independent evaluations of a company’s internal controls, financial reporting, and operational processes. Conducting regular internal audits helps identify potential risks, improve operational efficiency, and ensure compliance with laws and regulations.

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Hacker and rapper wife plead guilty in crypto laundering

Accounting Today

One of the most enduring mysteries in cryptocurrency was resolved when Ilya Lichtenstein acknowledged that he executed the 2016 attack on the Bitfinex exchange.

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The asset conversion cycle

Accounting Tools

Related Courses Bookkeeper Education Bundle Bookkeeping Guidebook What is the Asset Conversion Cycle? The asset conversion cycle is the process by which cash is used to create goods and services, deliver them to customers, and then collect the resulting receivables and convert them back into cash. The nature of this cycle determines the extent to which a business has either a net cash inflow or outflow.

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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.