Sat.Nov 18, 2023 - Fri.Nov 24, 2023

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Simplifying the settlement of invoices: A practical guide

Nanonets

Settlement of invoices isn’t simply about paying off a bill. It's a process that ensures every payment, adjustment, or write-off tied to an invoice is accounted for and settled. There are no messy records, just tidy transactions. It paves the way for flawless financial records, better cash flow, and smooth business operations. Which business owner wouldn't want that?

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3 Workplace Trends Finance Departments Can’t Ignore 

AvidXchange

In September 2023, AvidXchange surveyed 500 finance executives at mid-market companies to learn about their priorities and plans for 2024. Our chief evangelist, Chris Elmore, led a discussion that summarized the findings on the latest episode of our “Net 30” podcast. Elmore invited David Tareen, senior director of product marketing, and Gary Larson, director of growth readiness, to share their reactions to the survey findings and add insights.

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Variance analysis definition

Accounting Tools

What is Variance Analysis? Variance analysis is the quantitative investigation of the difference between actual and planned behavior. This analysis is used to maintain control over a business through the investigation of areas in which performance was unexpectedly poor. For example, if you budget for sales to be $10,000 and actual sales are $8,000, variance analysis yields a difference of $2,000.

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9 Best Client Management Tools for 2024

Invoicera

Do any of these scenarios sound familiar? Struggling to keep track of client interactions, communication, and appointments, leading to missed opportunities? Your team finding it challenging to collaborate and share client-related information? Experiencing difficulties with maintaining client satisfaction and building lasting relationships? Concerned about the security of the client’s data?

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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Ted on Tech: Upgrading your office

Accounting Today

With the holidays coming fast upon us, it's time to start thinking about presents. Ted Needleman scoured the review pile to see what might be appropriate to update your office, or to gift to staff.

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Three things we learnt about small business from the latest XSBI data

Xero

The latest round of Xero Small Business Insights (XSBI) featured plenty of new data showing how small businesses are tracking across Australia, Canada, New Zealand, the United Kingdom and the United States. XSBI is released quarterly and uses anonymised and aggregated data to track the performance of, and improve understanding about, small businesses.

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5 Weekend Accounting and Tax Jobs to Boost Your Income

Intuit

Table of Contents Weekend Jobs in Accounting 5 Accounting and Tax Jobs to Boosts Your Weekend Income What's the Life of a Remote Accountant Like? When's the Best Time for Job Searching in Accounting? How Do I Get an Accounting Job Without Experience? Have you been brainstorming ways to make some extra cash on the weekend? How about doing some taxes and bookkeeping to boost your income?

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IRS delays $600 1099-K threshold for another year

Accounting Today

The service will postpone the lower threshold, but will phase in a threshold of $5,000 for tax year 2024.

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Add some "Style" to Your QBO Inventory with Item Variability

Insightful Accountant

As Intuit incorporates more of the QuickBooks Commerce inventory related functionality into various QuickBooks Online SKUs, they are adding some "Style" to QBO Advanced Inventory.

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Avalara Tax Solutions for Manufacturing Businesses

Accounting Department

The landscape of tax legislation is constantly evolving, and clients are undoubtedly experiencing its impact. Even in the best of times, manufacturers face distinctive challenges when it comes to sales and use tax.

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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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How to Become a CPA (A Comprehensive Guide)

Intuit

Table of Contents What is a CPA? What does a CPA do? What is a CPA License? How to Become a CPA? CPA Requirements by States Available Career Opportunities at Intuit for CPA Entry-Level CPA Jobs Are you ready for an exciting new career as a Certified Public Accountant (CPA)? CPAs are some of the highest-paid professionals in the world of finance. They also experience a very high level of job security.

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New rules proposed on credits for renewable energy property

Accounting Today

The Treasury and the IRS issued laid out possible regs to update the investment tax credit rules to encompass various forms of renewable energy.

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QuickBooks Ledger, the Next Simple, Great Thing

Insightful Accountant

Intuit has found a new way to incorporate more client data into the QuickBooks ecosystem even when the client doesn't subscribe to it. QuickBooks Ledger. It's a way to 'ledger' client data, validate it, and pass it on for tax preparation.

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Tax Planning for 2024: Accountants and CPAs’ Tips for Success 

Ace Cloud Hosting

Tax planning is a proactive approach that involves looking ahead to identify and implement strategies that can reduce your workload. It’s about understanding your clients’ financial goals and assessing.

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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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Contingent asset definition

Accounting Tools

What is a Contingent Asset? A contingent asset is a possible asset that may arise because of a gain that is contingent on future events that are not under an entity's control. Auditors are particularly watchful for contingent assets that have been recorded in a company's accounting records , and will insist that they be eliminated from the records before issuing an auditor’s opinion on its financial statements.

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The 20 worst states to be a property owner

Accounting Today

The five states with the highest real-estate taxes have an average rate of 2.17%.

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Unlocking New Possibilities with QuickBooks Time: Enhanced Time Tracking Capabilities!

Insightful Accountant

Previously a standalone app, QuickBooks Time has undergone significant enhancements, merging seamlessly into QuickBooks Workforce and integrating time data into QuickBooks Online as part of the payroll functionality.

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12 Directories to Find CPAs and Accountants for Your Business

Ace Cloud Hosting

Hiring a skilled accountant or Certified Public Accountant (CPA) is essential in achieving financial clarity and making informed decisions that drive business prosperity. However, with abundant accounting professionals available, finding.

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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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Controllable variance definition

Accounting Tools

What is a Controllable Variance? A controllable variance refers to the "rate" portion of a variance. A variance is comprised of two elements, which are the volume variance and the rate variance. The volume element is that portion of the variance attributable to changes in sales volume or unit usage from a standard or budgeted amount, while the rate element is the difference between the actual price paid and a standard or budgeted price.

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Accounting in 2024: Artificial intelligence, tech innovation and more

Accounting Today

How finance and accounting teams start 2024 will set the stage for defining the rest of the year and positioning for sustained success.

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Reimagined ProAdvisor Program Goes Live Today

Insightful Accountant

Intuit has 'reimagined' the ProAdvisor Program after 26 years, the new (v1) of the program goes live today (11/20/23) with more changes to come in the furture.

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Iron Lake Balls Utilises Dext Prepare for Ace Accounting

Dext

About Iron Lake Balls Founded in 2022, Iron Lake Balls LTD is a sports eCommerce business that visits golf courses to recover balls for recycling. On top of tracking down rogue golf balls, the business also has a washing facility where the team refurbishes them so they’re like new.

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Finding “The One:” The Ultimate Guide to Selecting Financial Software

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

As finance and accounting practitioners, you are expected to complete daily operations as well as to manage next generation tools and resources to support a business that is growing in complexity. Having the right software can be critical in juggling and meeting those high expectations. The path to the right software, however, is paved with challenging decisions.

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Quality costs definition

Accounting Tools

What are Quality Costs? Quality costs are the costs associated with preventing, detecting, and remediating product issues related to quality. Quality costs do not involve simply upgrading the perceived value of a product to a higher standard. Instead, quality involves creating and delivering a product that meets the expectations of a customer. Thus, if a customer spends very little for an automobile, he will not expect leather seats and air conditioning - but he will expect the vehicle to run pr

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Bonadio Group finds ways to attract more people to accounting firms

Accounting Today

The Top 50 Firm is improving its compensation and benefits to bring in more experienced professionals and young recruits.

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QuickBooks Inventory, Sales and E-commerce Enhancements

Insightful Accountant

QuickBooks is enhancing their inventory, sales and E-commerce capabilities by incorporate components from QuickBooks Commerce which they acquired from Trade Gecko.

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A Complete Guide to Automating Email Responses

Nanonets

Email is an essential means of communication in today's world. Whether you're a business owner, an employee, or a freelancer, you probably receive dozens, if not hundreds, of emails every day. Responding to all these emails can be time-consuming and sometimes involves doing repetitive tasks. This becomes cumbersome, especially during the work hours when you have other important tasks to attend to.

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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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Noncash expense definition

Accounting Tools

What is a Noncash Expense? A noncash expense is an expense for which there is no related cash outflow in the same period. In addition, an accrued expense may be recorded for which the related cash expenditure is in the following period. Examples of Noncash Expenses The most common examples of noncash expenses are depreciation and amortization ; for these items, the cash outflow occurred when a tangible asset or intangible asset was initially acquired, while the related expenses are recognized mo

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Tax pros: The IRS may be calling you

Accounting Today

The service is conducting a random survey of practitioners Nov. 27-Jan. 19.

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Maximizing Client Success: A Memorable Journey at the QuickBooks Connect

Insightful Accountant

Susan Pruskin shares her wonderful experience at QB Connect. Join her as she revisits her first ever Human Tunnel welcome, and amazing Main Stage Speakers.

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Ep. 243: Alissa Vickery - Stepping Into CFO: Balancing Multiple Finance Roles

IMA's Count Me

Welcome to Count Me In! In this episode, our host Adam Larson welcomes back Alissa Vickery , Chief Accounting Officer, SVP Accounting and Control at FLEETCOR, who shares her journey as an interterm CFO at Fleet Corps. Discover how Alissa balanced multiple finance responsibilities, handled the weight of the CFO role, and developed her leadership strategies.

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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.