Sat.Dec 07, 2024 - Fri.Dec 13, 2024

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Navigating the Hidden Costs of Business Decisions: The Crucial Role of Opportunity Cost

Accounting Department

In the dynamic world of entrepreneurship and business management, every decision you make can significantly impact your business's trajectory. Whether it's choosing between investing in new technology or expanding your product line, the choices are endless and often complex.

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BOI filing uncertainty continues

Accounting Today

An injunction from a federal court has paused CTA enforcement, but not eliminated the possibility of it in the future.

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Your Guide to Managing Recurring Revenue

Billing Platform

In contrast to traditional sales models that consist of one-off purchases, recurring revenue delivers a predictable and stable revenue stream. Occurring at regular intervals, recurring revenue provides companies with revenue on a monthly basis (MRR) , annual basis (ARR) , and/or other predetermined time frames. Want to dig a bit deeper? Read on to gain a better understanding of recurring revenue , the importance of this revenue model, its benefits, what it takes to maximize recurring revenue suc

Billing 89
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What’s new in Xero – December 2024

Xero

Welcome to our monthly roundup of what’s new in Xero. This month, we’ve introduced updates designed to help you to get paid faster, streamline tax rules and regulations compliance, and manage your sales tax with ease. With enhancements from the ability to send invoices via SMS to improvements in Xero Tax and sales tax reporting, we continue to make Xero even better.

XERO 215
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Building a Business Case for Finance Automation

Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.

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FOCUS Sandbox and sample data available now

FinOps Foundation

Key Insight: To support the adoption of FOCUS , the FinOps Foundation has augmented the Use Case Library with the introduction of the FOCUS Sandbox. FinOps Practitioners can use this sandbox to run SQL queries on actual (anonymized) FOCUS billing data to gain a clear understanding of what FOCUS data looks like, and the real-world insights it yields.

FinOps 130
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The 2024 Top 100 People: The most vital issues in accounting

Accounting Today

Accounting's most influential outline the profession's biggest challenges.

More Trending

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Malaysia’s National E-invoicing Initiative: What SMEs need to know

Xero

With the Malaysian government’s push towards a digital economy, small and medium enterprises (SMEs) must adapt to new requirements. One key development is the National E-invoicing Initiative. This initiative aims to modernize how businesses manage invoices, helping to streamline operations, improve compliance, and enhance efficiency across industries.

Invoicing 197
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From Data to Decisions: How CFO Support Services Enhance Strategic Financial Planning

Accounting Department

In today's rapidly evolving business landscape, the ability to turn raw data into actionable insights is paramount for sustainable growth and success. For many organizations, especially those without the resources to maintain a full-scale finance department, CFO support services offer a critical link between data and decision-making. These services transform complex financial information into strategic plans that drive business excellence.

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IRS expands Tax Pro Account, launches enforcement effort

Accounting Today

The Internal Revenue Service is adding more features to the Tax Pro Account, Business Tax Account and Individual Online Account, and starting a new enforcement campaign.

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Wire Transfer vs ACH Transfer

Fidesic blog

Digital payments saw a major increase in recent years as remote work becomes more common. Both ACH and wire transfers move funds from one bank account to another, but there are key differences. Let's start with defining each and then we will compare Wire Transfer vs ACH Transfer.

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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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Ditching the stress of year-end payroll 2024/25

Xero

Payroll year-end can be a busy time for businesses as they navigate deadlines, submission dates, and HMRC rules. Without enough planning, year-end has the potential to be highly stressful. Learn the essentials of payroll end-of-year submission, including common challenges and ways to tackle them. What is HMRC payroll year end? Payroll year-end sees a business wrap up the tax year for payroll purposes.

Payroll 130
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What to Look Out for in 2025: Finance, Purchasing & AP Automation Trends

Compleatable

The world of finance, purchasing, and accounts payable (AP) automation is transforming rapidly, and 2025 is set to bring even more significant changes. To stay ahead, businesses must be prepared to embrace cutting-edge technology and strategies that enhance efficiency, reduce costs, and foster resilience. Heres what to watch for in the coming year: The Rise of Hyper-Automation in Finance Automation is no longer a novelty; in 2025, hyper-automation will dominate.

AP 100
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Art of Accounting: Barry Melancon's parting words about future of small firms

Accounting Today

Barry's presentation at the Accountants Club of America included his thoughts about the future of small practices, which make up about 43,000 of the estimated 44,000 accounting practices in America.

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Top Challenges Faced By Retailers and How Cloud Solves Them

Ace Cloud Hosting

The retail industry is navigating a rapidly evolving landscape driven by shifting consumer behaviors, supply chain disruptions, and fierce competition. Retailers are under constant pressure to adapt to these changes.

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Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.

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Legal Protection in B2B Sales: The Power of Contracts

Enterprise Recovery

In B2B sales, a signed contract is of immense sanctity. It serves as the cornerstone for ensuring security and trust between business partners. These contracts provide a clear framework for the business relationship, outlining the rights and obligations of each party involved. This assurance is invaluable in fostering a stable and reliable partnership, as it minimizes the risk of disputes and misunderstandings.

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What to Look Out for in 2025: Finance, Purchasing & AP Automation Trends

Compleatable

The world of finance, purchasing, and accounts payable (AP) automation is transforming rapidly, and 2025 is set to bring even more significant changes. To stay ahead, businesses must be prepared to embrace cutting-edge technology and strategies that enhance efficiency, reduce costs, and foster resilience. Heres what to watch for in the coming year: The Rise of Hyper-Automation in Finance Automation is no longer a novelty; in 2025, hyper-automation will dominate.

AP 100
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IRS offers tax pros draft info security plan

Accounting Today

A primer on WISPs from the Internal Revenue Service can get practitioners started on setting up this required plans.

Tax 290
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The Big Opportunity Tax Planners are Leaving on the Table w/ Rory Henry

Jetpack Workflow

Podcast Summary In this episode of Growing Your Firm, host David Cristello welcomes Rory Henry , a certified financial planner and behavioral financial advisor. Rory, who is also the director Arrowroot Family Office , co-founder of AFO Wealth Management Forward, and author of the upcoming book, “ Holistic Guide to Wealth Management ,” discusses the evolving landscape of wealth management and its critical intersection with accounting and tax professionals.

Tax 59
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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

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Common Methods of Accounts Payable Fraud

oAppsNet

Accounts payable (AP) fraud is a significant threat to businesses of all sizes. Fraudsters are becoming increasingly sophisticated in exploiting vulnerabilities within the accounts payable process to misappropriate funds, steal from companies, or manipulate financial data. Understanding the most common methods of AP fraud is essential for safeguarding your business.

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How to Deduct Meals and Entertainment in 2025

Billah and Associates

Meals and entertainment (M&E) expenses are often incurred by businesses, but they can be confusing to deduct. To ensure you’re maximizing your deductions, it’s essential to understand the specific rules and regulations. As a business owner, maximizing tax deductions is crucial for maintaining healthy financials. In 2025, meals and entertainment deductions might offer valuable savings when handled correctly.

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TIGTA helped save $6B, agency says

Accounting Today

The Treasury Inspector General for Tax Administration completed thousand investigations over the past six months that contributed to more than $6.1 billion in tax savings.

Tax 289
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Accounting Firm Acquired for 11X EBITDA? State of M&A and More w/ Geoff Bruskin

Jetpack Workflow

Podcast Summary In this episode of the Growing Your Firm podcast, host David Cristello welcomes Geoff Bruskin , founder and managing partner of White Tiger Connections. They dive into the dynamic landscape of mergers and acquisitions (M&A) within the accounting industry, exploring how recent trends have created a surge in acquisition interest. Geoff discusses the impact of cloud technology and the shift towards distributed employment, which have transformed the M&A space.

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Cash Flow Secrets Every Upskilled CPA Should Know

Speaker: Debra L. Robinson

CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.

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How to Avoid Hidden Cloud Costs: A Must-Know for Startups

Economize

Cloud computing simplifies IT management for startups. It does not require large upfront investments and has the scalability to adapt to changing business needs. It easily adapts to emerging technologies. like machine learning and generative AI. However, keeping your cloud budget under check is often a challenge for many new startups.

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Common Mistakes SMEs Make When Analysing Financial Statements and How to Fix Them

Counto

Common Mistakes SMEs Make When Analysing Financial Statements and How to Fix Them For SMEs in Singapore, analysing financial statements is a crucial but often daunting task. Many small business owners unknowingly make common mistakes when reviewing their financials, which can lead to missed opportunities, financial challenges, or poor business decisions.

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Big changes expected at SEC under new chairman

Accounting Today

The nominee for head of the Securities and Exchange Commission, Paul Atkins, will pursue a more deregulatory and crypto-friendly approach than Gary Gensler.

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Top 8 E-Way Bill Software in 2025 to Simplify GST Compliance

Invoicera

The E-Way Bill system was implemented along with the new taxation system known as the Goods and Service Tax (GST) in India. It has greatly impacted the flow of cargo and eradicated fraud. Just in August 2024, over 10.54 crore e-way bills were generated , which shows the significance of this system. It has improved compliance, stricter enforcement, and enhanced business processes.

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Profit in the Details: Rethinking Spend for Monumental Impact

Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g

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20 Employee Retention Strategies to Keep Your Top Talent in 2025

Fit Small Business

Employee retention strategies benefit your companys growth by helping promote cost savings, increasing productivity, establishing your brands reputation, and, ultimately, retaining top talent. The simplest approach is to compensate your employees with fair wages and benefits, focus on work-life balance, and provide opportunities for development and upward mobility.

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The Role of a Company Constitution in Singapore

Counto

The Role of a Company Constitution in Singapore When incorporating your small business in Singapore, one of the most important legal documents you must prepare is the company constitution. Often overlooked, the company constitution serves as the backbone of your businesss governance and operations, outlining the rules, internal structure, and key processes.

Tax 52
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PCAOB sees signs of improvement in audit quality

Accounting Today

Auditing firms appear to be making headway on fixing some of the problems identified by the Public Company Accounting Oversight Board.

Auditing 278
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5 Best ACI TaskTracker Alternatives for 2025

Jetpack Workflow

Need a new task management solution now that ACI TaskTracker has been discontinued? If youre a CPA or tax professional searching for a task-tracking solution thats easy to use and streamlines client work, there are a few popular options worth considering. In this article, we highlight five workflow alternatives successful accounting firms use to meet critical deadlines, collaborate with team members, and keep client work organized. 1.

Billing 52
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Navigating Bleisure Travel: A Guide for Mid-Sized Companies

Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.