CPA Practice

JANUARY 17, 2023

But particularly if your clients are primarily private companies, there’s a task you can do right now to save both yourself and them problems later: Make sure your clients talk to their banks about how the ASC 842 lease accounting standard could affect their debt covenants. This may be a new situation for the bank to confront as well.

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CPA Practice

JANUARY 17, 2024

At this crucial turning point, a shift from beloved spreadsheets to dedicated lease accounting software has become imperative. Conversely, lease accounting software guarantees reliability, flexibility and centralized data, automating recurring tasks and allowing staff to focus on strategic initiatives.

Technology 59

Technology accountant accounted Account 59

Cherry Bekaert

MAY 16, 2023

Authors: Kenneth Woodring , Senior Manager, Risk & Accounting Advisory Services , Graham Michitsch , Senior Manager, Risk & Accounting Advisory Services Congratulations to successfully completing your implementation of ASC 842 and IFRS 16 – Leases.

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accountant accounted Account accounting and finance 98

PYMNTS

DECEMBER 16, 2016

At the same time, the executive noted, as many as two-thirds of respondents said that they work with some form of packaged accounting software, which speaks to some automation. This is especially true when multinationals must reconcile data across different accounting standards, such as GAAP and IFRS.

Technology 74

Technology accounting and finance accounting standards accounting software 74

Airbase

NOVEMBER 15, 2023

Comply with accounting standards and regulations for AP processing. Integrate with accounting software, ERP, or advanced financial systems, such as budgeting and planning systems. The importance and evolution of accounts payable. Accounts payable demands a significant portion of a finance team’s time and effort.

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CPA Practice

DECEMBER 10, 2024

LeaseCrunch LLC , a lease accounting software company, will host a webinar entitled 2025 Game Plan: Advanced Year-End Lease Accounting on December 17 at 1:00 p.m. Designed for finance professionals and accountants, this session will provide critical tools and best practices to streamline year-end lease accounting.

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CPA Practice

APRIL 30, 2024

LeaseCrunch LLC , a lease accounting software company, will be participating in several accounting conferences over the next few weeks. In addition to these events, LeaseCrunch will also sponsor upcoming conferences such as multiple CPAmerica events, the Aprio Firm Alliance Annual Conference and the CICPAC Annual Conference.

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CPA Practice

DECEMBER 12, 2023

LeaseCrunch LLC , a leading accounting software company, is excited to announce its upcoming webinar “ASC 842 Lease Management: Navigating Beyond Compliance.” The implementation of ASC 842 by the Financial Accounting Standards Board brought about significant changes to lease accounting, impacting businesses across various industries.

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accounting standards accounting software financial accounting Account 52

Withum

DECEMBER 19, 2023

Financial System Implementation: Begin by establishing a robust accounting system that accurately tracks revenue, expenses, and inventory. Cloud-based accounting software, like QuickBooks or Xero, can streamline financial record-keeping and facilitate auditing processes.

E-commerce 59

E-commerce financial statements audit auditor 59

Basis 365

APRIL 25, 2023

Auditors must review your financial records to ensure compliance with accounting standards and tax laws. Use Accounting Software: Utilize accounting software to streamline the process of cleaning up the books. Ensure all transactions are correctly recorded, and any pending transactions are cleared.

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PYMNTS

MARCH 6, 2019

Corporate accounting standards are changing, with the Financial Accounting Standards Board adopting new standards in ways companies report on leases, hedging and other financial activity. In the U.K., In the U.K., In the U.S., But researchers warn that corporates continue to find ways to hide the bad news.

Finance 55

Finance accounting standards accounting and finance accounting principles 55

PYMNTS

AUGUST 15, 2019

Enterprise lease accounting software company LeaseAccelerator is teaming up with Clearlink Partners to help joint clients ease the administrative burden of complying with changes in lease accounting standards. The companies announced their partnership in a press release issued Wednesday (Aug.

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Accounting Insight

MAY 1, 2024

And accounting software is no exception. Before delving into the potential impact of AI in accounting, it’s essential to understand the role AI plays in modern accounting practices. In modern accounting, AI is being used to automate several tasks, including data entry, invoice processing and financial statement analysis.

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Withum

JANUARY 27, 2023

If you have not already taken steps to implement the new lease accounting standard ( Leases (Topic 842) or “ASC 842”), now is the time to do so. Prepare or utilize a template or lease accounting software to prepare the schedule. Step 3: Post Entries Now you are ready to post the journal entries.

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financial statements accounting and finance accounting standards accounting software 64

Accounting Seed

DECEMBER 5, 2022

If your outdated accounting system can’t keep up with your growth, you want a more robust accounting system, or your vendor no longer supports your needs, it may be time to switch. Let’s look into the key points of changing accounting software. Is It Time for New Accounting Software?

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CPA Practice

MARCH 21, 2023

LeaseCrunch now supports over 500 CPA firms (including 43% of the top 400 CPA firms as ranked by Inside Public Accounting ) and 15,000 companies across the nation on its lease accounting software. We are beyond thrilled that so many companies and CPA firms are seeing the value our software provides.

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PYMNTS

JANUARY 30, 2020

New lease accounting standards are in effect for publicly traded companies in the U.S. after the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) introduced changes to the way businesses account for their outstanding leases. ”

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PYMNTS

FEBRUARY 14, 2019

Along with regulatory action from tax reform and tougher Know Your Customer (KYC) rules adding the pressure of complex red tape, public companies need to add one more compliance concern to their list: changes to accounting standards by the Financial Accounting Standards Board (FASB). “In many ways, they are.”

accounting standards 46

accounting standards accounting and finance Finance accounting software 46

Xero

DECEMBER 13, 2023

The ISSB standards could very well bring in a new era of compliance and become the basis of accounting standards in 2024. The integration of carbon accounting software into existing accounting platforms will see carbon accounting become an extension of financial accounting and reporting practices for small businesses.

Technology 107

Technology accounting and finance Education Entertainment 107

Ryan Lazanis

APRIL 18, 2023

As AI technology grows and the accounting industry discovers different accounting software can help hasten the repetitive tasks for accountants. This can pave the way to new job opportunities and new learning in accounting operations and business processes as AI still needs human supervision and maintenance.

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accountant accounted Account Technology 96

CPA Practice

APRIL 26, 2023

Without a standard accounting method, such committed future liabilities and their related intangible assets are not included on financial statements. That’s why the Governmental Accounting Standards Board issued GASB 96 in May 2020, effective for fiscal years beginning after June 15, 2022. What are SBITAs?

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accounting principles New Jersey Government financial statements 75

Accounting Seed

MARCH 17, 2022

The foreign currency accounting standard guides how you must do this. Accounting for Foreign Exchange. centric — no overseas customers, employees or vendors — foreign exchange accounting isn’t anything you have to worry about. GAAP Rules for Foreign Exchange Accounting. What is Cash Disbursement in Accounting?

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PYMNTS

OCTOBER 11, 2018

Corporates are gearing up to manage a whole slew of accounting standards changes in the coming years, but one of the more immediate effects involves how leases are recorded on financial statements. Some companies may seek legal advice on adopting the new standards or interpreting loan covenants.

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PYMNTS

SEPTEMBER 21, 2017

20) that it has launched Alan, chatbot technology designed to assist business accountants. The solution is integrated into Gappify’s cloud accounting software and can complete various tasks related to accounts payable, accounts receivable, payroll and other cash management functions, the company said.

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corporate accounting Technology accountant accounted 45

Snyder

MAY 27, 2022

When it comes to the decision-making strategy, this type of accounting becomes your main priority. In financial accounting, the rules are set by the Financial Accounting Standards Board ( FASB ) or by the International Accounting Standards Board ( IASB ). Difference #6.

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CPA Practice

MAY 29, 2024

Compliance allows for more accurate financial statements and better decision-making, helping to prevent errors in financial reporting and enabling businesses to make informed decisions based on the latest accounting standards.

accountant 59

accountant accounted Account Technology 59

ThomsonReuters

APRIL 6, 2023

GAAP for accounts payable and receivable The Generally Accepted Accounting Principles (GAAP) are a set of rules specific to the United States that are designed to provide oversight for accounting practices. Different people should execute these functions to ensure the risk of fraud is reduced.

accounts payable 52

accounts payable accountant accounted Account 52

Accounting Seed

JULY 21, 2022

In a new company, you may need to be your own startup accountant to keep expenses down. The real challenge is that successful startup accounting isn’t just about entering numbers into a spreadsheet or an accounting software tool. Growing pains like these can make it hard to maintain good startup accounting workflows.

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CPA Practice

SEPTEMBER 4, 2024

Miguel Perez is CPO at LeaseCrunch , an easy-to-use, automated lease accounting software that significantly reduces the time needed to transition, account for and maintain leases in compliance with lease accounting standards ASC 842, GASB 87, GASB 96, and IFRS 16. Is your firm ready to lead the way?

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cpa firm Technology CPA audit 52

Basis 365

JANUARY 13, 2025

Complex Accounting Businesses dealing with more complex accounting requirements or more of a management accounting focus can benefit from outsourced bookkeeping experts who specialize in these areas. External accounting experts often provide access to the latest software solutions without the need for internal investments.

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Accounting Seed

JANUARY 4, 2023

Even in the 21st century, it’s still possible to do your bookkeeping with paper spreadsheets or account books. If manual accounting works for you, nobody can force you to change. Accounting standards are the same whether you use ledgers or laptops. Who is it Good For?

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inDinero Accounting

JUNE 24, 2021

According to accounting standards, a financial report presents a company’s assets, liabilities, income, expenses, equity, shareholder position, and cash flow in a period (i.e., a private nonprofit organization called the Finance Accounting Standards Board (FASB) oversees and guides how to prepare financial statements to.

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Accounting Today

AUGUST 23, 2023

To successfully navigate day two and beyond with lease contracts, organizations must move past manual processes and spreadsheets and instead implement lease accounting software solutions.

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accountant accounted Account accounting software 40

Anders CPA

FEBRUARY 28, 2024

While profit margins can be heavily impacted by increasing operating costs for things like labor, fleet maintenance, and fuel, a company’s accounting practices (or lack thereof) tend to contribute significantly to business failure. However, if the opposite of all of those is true (e.g.,

Transportation 59

Transportation accountant accounted Account 59

ThomsonReuters

JANUARY 18, 2024

As outlined by Garcia , for CPAs in financial accounting, some of the top responsibilities to clients include: Providing timely and trusted answers Staying on top of emerging regulatory activities Helping clients implement and consistently apply high-quality accounting standards Partnering when clients need help navigating certain situations.

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accountant accounted Account tax preparation 59

Shay CPA

JANUARY 31, 2024

Use these three tips to stay on top of your accounting and ahead of upcoming changes in 2024. Be ready to transition away from QuickBooks desktop QuickBooks has long been a leader in accounting software — and for good reason. Stay up on lease accounting requirements Lease accounting has changed a lot in the last five years.

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Snyder

NOVEMBER 17, 2022

No one can be an expert in all those areas, that’s why finding a helpful blog for accountants is such a great idea. We’ve compiled some great examples of accounting blogs to help you stay up to date on breaking news, the latest accounting software, cloud accounting, taxes, finance trends and so much more.

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