GrowthForceBlog

OCTOBER 2, 2024

7 min read October 1st, 2024 The main purpose of running a business is to make money, and making money means generating profits. Key Takeaways The Benefits of Cost Accounting: The primary benefits of cost accounting include maximized profits, reduced costs, optimized pricing, stronger profit margins, revenue generation. Understanding the Cost Accounting Methods: A variety of different methods exist within the cost accounting principles.

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Accounting Today

OCTOBER 2, 2024

TIGTA said the IRS failed to address literally tens of thousands of security vulnerabilities in both its mainframe platform environment and its security application environment.

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CPA Practice

OCTOBER 2, 2024

AICPA News is a round-up of recent announcements from the American Institute of CPAs. AICPA & CIMA and the University of Lodz launch joint program to empower students for career success AICPA & CIMA, together with the Association of International Certified Professional Accountants, recently teamed up with the University of Lodz, Poland (UL) to launch the much-anticipated CGMA University Program to professionals enrolled in its Polish-American MBA program.

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Accounting Today

OCTOBER 2, 2024

New entrants to the profession face more decisions more often than ever in building their accounting careers. Expert weigh in with their best career advice.

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Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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CPA Practice

OCTOBER 2, 2024

Top 10 accounting firm CLA (CliftonLarsonAllen) announced plans on Oct. 1 to open new “connection centers” and office spaces in Phoenix and Charlotte, NC. Earlier this year, CLA said it planned to invest $10 million in its new connection center in the Minneapolis suburb of Eagan, MN. The connection centers are dedicated spaces for learning and development, leadership training, team building, events, client meetings, and more, according to CLA.

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Accounting Today

OCTOBER 2, 2024

The 7217 is designed to report the basis of all distribution of property that a partner receives from a partnership in a non-liquidating or liquidating distribution.

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Accounting Today

OCTOBER 2, 2024

Rapper Fat Joe's 2022 lawsuit accused a former BDO employee of using his accounts and credit cards to withdraw thousands of dollars in cash.

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AccountingDepartment

OCTOBER 2, 2024

Unlock the secrets to Software as a Service (SaaS) success by mastering these essential KPIs, which serve as the foundation for understanding and optimizing your business performance. By focusing on these key performance indicators, you can gain valuable insights into customer behavior, financial health, and operational efficiency, ultimately driving growth and ensuring long-term sustainability in the competitive SaaS landscape.

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Accounting Today

OCTOBER 2, 2024

The latest data on where accountants are focusing their technology investments, what Gen Z values most in a future employer and other key metrics.

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Going Concern

OCTOBER 2, 2024

Announced moments ago on Twitter and earlier today in a press release, Securities and Exchange Commission Division of Enforcement Director and amateur poet Gurbir S. Grewal is leaving the agency effective October 11. No word on why such a sudden departure. Today we announced that Gurbir S. Grewal, Director of the Division of Enforcement, will depart the agency, effective Oct. 11, 2024.

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Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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Accounting Today

OCTOBER 2, 2024

Start small, educate employees and stay informed as generative AI develops so you can position your firm for future success.

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Canopy Accounting

OCTOBER 2, 2024

What makes you the obvious choice for clients when they’re deciding between you and a competitor? Is it the niche services you offer, the exceptional service you provide, or your strong online presence?

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Accounting Today

OCTOBER 2, 2024

The Securities and Exchange Commission approved a proposal that aims to improve the security of the filing system.

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Canopy Accounting

OCTOBER 2, 2024

In this episode of “Canopy Practice Success,”Michelle Weinstein, founder of The Abundant Accountant, shares her insights on how accounting, tax, and bookkeeping firm owners can break free from the grind of feeling undervalued and underpaid.

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Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

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Accounting Today

OCTOBER 2, 2024

In Notice 2024-72, the IRS adding to the relief granted last year.

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Insightful Accountant

OCTOBER 2, 2024

Intuit envisions a future for their clients where consumers and businesses will experience 'done-for-you' functionality within the company's products resulting from 'Agentic AI.

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Accounting Today

OCTOBER 2, 2024

Accounting firms could greatly benefit from adopting some of the strategies and mindsets these technology companies are using to thrive.

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Insightful Accountant

OCTOBER 2, 2024

Murph has teamed up with 'Be Insightful' to bring you a program on ERP Alternatives to QuickBooks. The program will feature a Presentation-webinar, a Blue Paper, and a follow-up Question & Answer-webinar.

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Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

Sales

Ryan Lazanis

OCTOBER 2, 2024

I sold my firm 5 years after starting it. Discover the 6 reasons why buyers were interested, and get tips that could help you sell your firm. The post 6 Reasons Why Buyers Were Interested In My Firm appeared first on Future Firm.

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Insightful Accountant

OCTOBER 2, 2024

Each of the Acumatica Editions were included in the 2024 R2 update release. This article discusses various enhancements to the Manufacturing Edition. Insightful Accountant will cover other Acumatica Editions in future articles.

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CPA Practice

OCTOBER 2, 2024

Alpharetta, GA-based CPA and business advisory firm S.J. Gorowitz Accounting & Tax Services has acquired fellow Georgia CPA firm Reed, Quinn & McClure. Financial terms of the deal weren’t disclosed. According to S.J. Gorowitz, the combined offerings of the two firms will complement each other and broaden their ability to serve clients across a spectrum of industries, particularly nonprofits, startup businesses, and entrepreneurial firms.

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Insightful Accountant

OCTOBER 2, 2024

In this insightful episode of the Accounting Insiders Podcast, host Gary DeHart interviews Al-Nesha Jones, CPA, MBA, founder of ASE Group who started her firm during maternity leave and share how they have evolved since.

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The first Market Momentum Index: AI and Unstructured Data Management, conducted by Deep Analysis with support from AIIM and M-Files, surveyed 500 enterprises across various industries to assess their readiness to employ AI. The results reveal that AI is already far more embedded into organizations' operations than previously realized. These findings and more insights have been brought to you in the "Market Momentum Index: AI and Unstructured Data Management.

CPA Practice

OCTOBER 2, 2024

Top 15 accounting firm Crowe is expanding its Artificial Intelligence Center of Excellence (CoE), consisting of its AI lab, AI engineering and AI enablement teams. Led by firmwide AI Managing Principal Doug Schrock, Crowe said it’s tripling the size of its AI lab and AI engineering team to facilitate the co-development of AI innovation and solutions with its clients, and the AI CoE will be multidisciplinary across the firm’s portfolio of services.

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Insightful Accountant

OCTOBER 2, 2024

Acumatica has just unveiled a product milestone with their 2024 R2 release featuring customer-driven innovations and ERP modernization. The new release reinforces AI functionality and Industry-specific upgrades to their Cloud ERP.

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CPA Practice

OCTOBER 2, 2024

Accounting software provider Netgain has launched NetAsset, a fixed asset accounting solution that integrates with all enterprise resource planning (ERP) systems, streamlining processes with artificial intelligence-powered automation and compliance. NetAsset provides an advanced cloud-based platform that transforms the management of fixed assets, from acquisition to disposal, while ensuring compliance with both financial and tax regulations, Netgain said in a media release.

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Anders CPA

OCTOBER 2, 2024

Don’t miss this insightful interview with Jake Berry, CEO of Cloud Labs, as he shares his journey with Guillermo and Brett. From budtender to cannabis manufacturer, Jake discusses the challenges and strategies involved in growing his business. He highlights the importance of understanding market dynamics, consumer behavior, and pricing strategies. Jake also delves into the regulatory landscape and the impact of potential legalization on the industry.

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Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.

CPA Practice

OCTOBER 2, 2024

Accounting firm platform Ascend has a new member firm: Lucas Horsfall in Pasadena, CA. Terms of the deal weren’t disclosed. Lucas Horsfall will add 15 partners and about 125 professionals to Ascend’s team. Backed by private equity from Alpine Investors, Ascend partners with regional accounting firms but allows them to stay independent while providing the firms resources to help them grow.

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Shay CPA

OCTOBER 2, 2024

As technology gets increasingly useful, most company founders are encouraged to think about their tech stacks even early on. Basically, your stack is the grouping of software solutions you use at your company. It’s called a stack because, in an ideal world, those tools stack together to create a system that functions together to drive results at your business.

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CPA Practice

OCTOBER 2, 2024

Withum , a nationally recognized CPA and advisory firm with 23 offices and annual revenue of $578M, recently hosted a new-office open house event at the Gateway Center complex in the heart of downtown Providence. Located at 15 Park Row West with scenic city skyline views, the firm’s newly designed office marks a new workspace era that prioritizes a modern, collaborative and innovative environment for team members and clients alike.

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Accounting Insight

OCTOBER 2, 2024

UK Accounting and Bookkeeping firms see a slowing of growth in challenging circumstances across the profession. Based upon the latest FRC Key Facts and Trends in the Accounting Profession report, total fee income for the Big Four firms grew by 11% in the last year, which was slightly lower than the 11.9% growth seen in the prior year. Outside of the Big Four, total fee income increased by 13.2% compared to an 18.5% increase in the prior year.

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