Shay CPA

AUGUST 28, 2024

Founders and finance teams want to keep a finger on the pulse of the company’s health. With a month-end close, they get the detailed look they need to evaluate their runway, revenue trends, and more. Plus, this regular step ensures that the financial reports investors and tax authorities require stay updated and accurate. While a month-end close delivers a number of benefits, it comes with one big drawback: the effort required to complete it.

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accounting and finance Finance CPA Expense Management 52

CPA Practice

AUGUST 28, 2024

CPA Practice Advisor has announced the 2024 Tax and Technology Innovation Award winners and finalists. Now in their 21st year, the awards highlight technologies that advance the profession. After voting by the awards committee panel each year, the top five products are presented as winners of the Tax and Accounting Technology Innovation Awards. Up to five additional products are also selected by the committee as award finalists.

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Technology accounting firms accounted Account 122

Going Concern

AUGUST 28, 2024

Someone brought it to our attention earlier that quite a few people on r/Deloitte are reporting dreaded “business update meeting” items being added to their calendars. We know what that means. The someone added: Just remember that Deloitte employees are never “let go” from their jobs, they are rightsized to align with the firm’s strategic objectives in light of economic uncertainty and sector level trends Well, apparently a lot of people in audit are being rightsize

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audit CPA 120

CPA Practice

AUGUST 28, 2024

By Augusta Saraiva Bloomberg News (TNS) A technical glitch prevented the U.S. government from sharing key payroll data on time last week, according to a spokesperson for the Labor Department, who acknowledged staff provided the numbers to callers before the release was made public. The episode has prompted steps to beef up data-release protocols at the Bureau of Labor Statistics, the DOL agency responsible for releasing high-profile economic reports such as monthly jobs and inflation figures.

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Speaker: Indy Chakrabarti, Chief Marketing Officer at HighRadius

4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor

Finance

Going Concern

AUGUST 28, 2024

Fresh off the big reveal of the 2024 Top 500 list , INSIDE Public Accounting has released another one of their yearly lists that tends to get less play than the big T100: Best of the Best. Of these “best” firms they say: What all the Best of the Best have in common is a focus on operational and financial excellence. Leaders don’t get so caught up in the day-to-day routine that they overlook the basics of running a business and running it well.

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accounting firms accounted Account accountant 102

Cherry Bekaert

AUGUST 28, 2024

In this episode of Cherry Bekaert’s Government Contracting podcast, we discuss how to choose the right Enterprise Resource Planning (ERP) system that fits your company’s unique needs. Host Eric Poppe , a Managing Director in the Government Contracting Industry practice, is joined by Christine DeYuliis , a Senior Manager. Tune in to learn more about steps your business can take to find the right ERP, including: Conducting an initial discussion with stakeholders Defining and documenting current

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CPA Practice

AUGUST 28, 2024

AuditFile Advanced AI 2024 CPA Practice Advisor Innovation Award Finalist [link] The company that was first to bring audits into the cloud continues innovating by bringing AI into audits. AuditFile AI is a growing new feature incorporating artificial intelligence into the audit in the following areas: the ability to automatically classify a trial balance with just one click the ability to seamlessly rollforward an engagement the ability to automatically generate financial statements the ability

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auditor audit financial statements CPA 105

Withum

AUGUST 28, 2024

How could a company like Coca-Cola underpay its taxes by $2.7 billion, resulting in a total impact of $6 billion after penalties and interest are imposed? What gave rise to this astonishing tax bill? A global strategy by the multinational that may have been lacking in terms of full support of economic substance for each entity under scrutiny Challenges in navigating misaligned transfer pricing regulations around the world A different interpretation by the IRS and Coca-Cola of the functions perfo

Tax 96

Tax Non-Profits audit Advertising/ Marketing 96

CPA Practice

AUGUST 28, 2024

Forwardly 2024 CPA Practice Advisor Innovation Award Winner [link] Forwardly exemplifies innovation in accounting as the first B2B real-time payment solution in the USA, transforming financial management for small businesses and accounting professionals. Our cutting-edge platform, which is the only accessible business payment solution powered by the FedNow Service® and RTP Network®, processes transactions in 60 seconds, 24/7/365, dramatically improving cash flow management.

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Technology Approval Workflows accounting and finance quickbooks 105

Speaker: Chandra McCormack, CPA, MBA, NACD.DC

Imagine being a financial leader who not only ensures the books are balanced but also shapes the future of your organization. 🤔 ✨ This session will take you beyond the routine reporting and into the realm of strategic financial leadership. We’ll explore how today’s finance professionals can juggle the day-to-day operations while also delivering the long term vision that drives growth.

accounting and finance

Insightful Accountant

AUGUST 28, 2024

Xero data reveals a mismatch in payment preferences between small businesses and consumers. Nine out of ten consumers favor paying by card, while 30% of SMBs don't accept cards for payment.

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CPA Practice

AUGUST 28, 2024

MakersHub 2024 CPA Practice Advisor Innovation Award Winner [link] MakersHub demonstrates innovation in the fields of tax and accounting by transforming traditional accounts payable processes through the integration of advanced AI and automation. This innovative tool addresses the common frustrations of manual data entry and disconnected systems. QuickBooks ProAdvisor Patrice Diana’s experience highlights the significant impact of MakersHub on efficiency and productivity.

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accounts payable Technology quickbooks CPA 105

Accounting Today

AUGUST 28, 2024

In 2023, 179,000 notices of federal tax lien were filed, down roughly 84% from the high in 2010 of nearly 1.1 million.

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Tax 112

CPA Practice

AUGUST 28, 2024

Top 20 accounting firm CohnReznick has launched a digital forensic lab facility outside of Washington, D.C., as part of its expanding cybersecurity and incident response capabilities. The digital forensics lab will serve as the nerve center for a variety of incident response solutions to help businesses identify the nature and extent of a cyber incident, collect and preserve digital evidence, and put steps in place to safeguard against future cyberattacks and breaches.

Construction 105

Construction Washington accounting firms Account 105

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Historical bookkeeping clean-up is like an archaeological dig for financial documents. It is a vigorous, systematic process that ensures thorough scrutiny of every document. From verifying inconsistencies to reconciling payments, each layer of exhaustive evaluation brings greater clarity into your company's financial past. In this article, we will walk through all that historical bookkeeping clean-up entails.

bookkeeping

Accounting Today

AUGUST 28, 2024

Plus Google's about-face on cookies, the gadgets you need to keep working no matter what, and seven other developments in technology this past month.

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Technology 94

CPA Practice

AUGUST 28, 2024

For the fifth time, top 10 accounting firm CLA (CliftonLarsonAllen) has been ranked as the No. 1 accounting firm catering to businesses in the construction industry by the trade magazine Construction Executive. “CLA has worked hard to know and help our clients in the construction industry. It’s such an honor to be recognized again,” Tom Dearnley, managing principal of construction industry at CLA,” said in a statement.

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Accounting Today

AUGUST 28, 2024

Property owners, entrepreneurs and parents can tap into savings available through credits, deductions and exemptions during the sunny season.

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Tax 91

AccountingDepartment

AUGUST 28, 2024

In today's fast-paced business world, growing companies often find themselves accumulating multiple applications to enhance productivity. However, without proper integration, these applications can lead to siloed operations and data redundancies, ultimately hampering efficiency.

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accounting system accounted Account accountant 72

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By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.

auditor

Accounting Today

AUGUST 28, 2024

Intuit and nonprofit Education at Work announced a pilot program to employ college students at TurboTax, helping them gain experience while earning tuition money.

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Education accounted Account accountant 69

GrowthForceBlog

AUGUST 28, 2024

8 min read August 28th, 2024 Done properly, a business exit plan is built into the business strategy from the get-go. However, when most business owners start a business, the last thing on their minds is a business exit plan. With your nose to the grind for years, business owners and CEOs often find themselves ready to exit without having properly prepared their businesses for sale.

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Sales 66

CPA Practice

AUGUST 28, 2024

Education at Work , a national work-based learning non-profit, in collaboration with Intuit Inc. , the global financial technology platform that makes Intuit TurboTax , Credit Karma , QuickBooks , and Mailchimp , have announced a new pilot program to help college students gain valuable industry experience in tax, accounting, and financial services while earning money to offset college expenses.

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Education Arizona tax preparation accounted 64

Accounting Today

AUGUST 28, 2024

KPMG US has established an Independent Audit Quality Advisory Committee, along the lines of its fellow Big Four firms, in an effort to improve its audits amid tougher inspections and enforcement by the Public Company Accounting Oversight Board.

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audit Account accountant accounted 64

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Accounting firms must embrace digital transformation to stay competitive. From improving efficiency and client experience to ensuring data security, digital tools offer the edge needed in a digital-first world. Discover how Fincent can streamline your transition. The accounting industry faces a digital revolution. As technology reshapes business, firms must adapt or risk obsolescence.

Tax

CPA Practice

AUGUST 28, 2024

Fieldguide for Financial Audit 2024 CPA Practice Advisor Innovation Award Finalist [link] Fieldguide, the only AI platform for audit and advisory firms, recently launched one of its most impactful innovations this year: Fieldguide for Financial Audit. Built on the same innovative technology and expertise that powers advisory services for many of the top 100 accounting firms, Fielduide for Financial Audit brings AI-powered automation to the entire audit lifecycle.

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audit Technology cpa firm CPA 59

Accounting Today

AUGUST 28, 2024

The Top 25 Firm is also taking an equity investment in Sequoia Financial, and the two plan deliver services to each other's clients.

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CPA Practice

AUGUST 28, 2024

Fieldguide Insights 2024 CPA Practice Advisor Innovation Award Winner [link] Fieldguide, the AI platform for audit and advisory firms, recently launched Fieldguide Insights, the first end-to-end analytics solution for CPA and consulting firm leaders. Fieldguide Insights’ dashboards and reports bring actionable information in real time, including personalized recommendations for saving time on engagements.

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Technology CPA audit Tax 59

Ryan Lazanis

AUGUST 28, 2024

Learn from my marketing missteps at Xen Accounting. In this episode, I share my biggest failures to help you save time, money, and effort. The post My Firm’s Worst Marketing Fails (And Lessons Learned) appeared first on Future Firm.

Account 52

Account accountant accounted 52

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Uncover the latest trends in expense management for small and medium-sized businesses. Our 5th Annual Trends Survey reveals that corporate card use is skyrocketing, but expense software isn't keeping up. This mismatch is creating real challenges for finance teams, who now take an average of 14 days to close their books. Travel policies are shifting to accommodate hybrid work, but many companies are struggling with off-tool bookings.

Expense Management

CPA Practice

AUGUST 28, 2024

StanfordTax 2024 CPA Practice Advisor Innovation Award Winner [link] StanfordTax significantly reduces the time needed to collect and organize tax information from clients. In fact, many firms using StanfordTax have reported a time saving of 50% or more. Many automation solutions come at the expense of a personalized client experience. However, StanfordTax automates the collection of tax information without sacrificing a personalized client experience.

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Technology CPA Tax Account 59

Withum

AUGUST 28, 2024

Our Law Firm Managing Partner Interview Series features in-depth conversations with managing partners from law firms across the country. Each interview delves into the firm, its strengths and unique attributes, as well as the challenges the firm faces and how each Managing Partner works to overcome them. With expert insight from host Rebecca Stidham , Leader of Withum’s Law Firm Services Team , these discussions uncover strategies and tools all Managing Partners can implement to strengthen

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California public accounting CPA Tax 52

CPA Practice

AUGUST 28, 2024

Canopy Insights 2024 CPA Practice Advisor Innovation Award Finalist [link] Canopy’s practice management software offers accounting firms an easy way to manage all of their work in one place. With the addition of Insights, Canopy’s reporting tool, firms now have the ability to house their data and data analysis tools in one place. Insights help you make data-driven decisions.

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