Acterys

FEBRUARY 22, 2023

To deal with economic and market turbulence, businesses must create well-rounded financial plans and monitor business performance against targets regularly. FP&A teams play a key role in ensuring the financial stability of a business. Here are some examples of financial statements: 1.

financial statements 130

financial statements accounting and finance Sales Finance 130

TaxConnex

APRIL 28, 2022

more than one in four (26.7%) top finance professionals reported seeing an increase in state sales tax audits in the past two years. In many ways, virtual audits are just like traditional audits, except audit activity takes place remotely and digitally,” reads the blog of the accounting consultancy Floqast. Good management.

audit 175

audit auditor general ledger Minnesota 175

Withum

SEPTEMBER 8, 2022

Audited financial statements are a cornerstone of the financial markets. By way of illustration, you can pick any Company’s annual report and follow along with its Auditor’s Report. That is what my students will be doing, each using a different company’s report. They must be registered with the PCAOB.

accounting principles 119

accounting principles auditor audit financial statements 119

Acterys

JULY 12, 2023

In the dynamic world of finance, where strategic decisions shape the course of businesses, mastering vertical analysis can help you simplify your statement, make critical financial decisions, and understand the underlying composition and trends that drive your business’ financial performance. What is vertical analysis?

financial statements 130

financial statements accounting and finance accounts payable Sales 130

ThomsonReuters

AUGUST 25, 2023

Managing corporate tax depreciation Each tax season, business clients turn to their accountant for assistance in navigating corporation tax depreciation and leveraging every tax deduction they can take to minimize their tax liability. Tax depreciation is the depreciation expense that can be reported by a business for a given reporting period.

corporation tax 98

corporation tax Tax income tax financial statements 98

Xero

OCTOBER 24, 2023

This guest blog was written by the team at ecommerce accounting integration, Amaka. Consider running reports for the sales period in Xero–for example, a report that shows your sales by product for a selected date range. In 2022, Cyber Monday brought in a total of $ 11.3

E-commerce 103

E-commerce Technology accounting and finance bookkeeping 103

Snyder

MAY 27, 2022

To achieve your goals, you’ll need to prepare numerous reports, establish, evaluate, and strengthen external partnerships that generate new growth, create a strategic mapping to increase confidence in your actions, and the list goes on! Financial accounting vs. managerial accounting. Difference #3 is about Scope. Difference #4.

managerial accounting 98

managerial accounting financial accounting Account accountant 98

ThomsonReuters

FEBRUARY 1, 2024

What are the key differences between GAAP and IFRS? GAAP rules for outstanding checks Staying up to date with GAAP standards Accurately tracking and presenting financial information can be complex, even for smaller organizations. What are the main principles of the GAAP framework? What are the GAAP rules for capitalization of costs?

Non-Profits 52

Non-Profits accounting standards Maine accounting and finance 52

ThomsonReuters

JANUARY 18, 2024

Accountant vs. CPA vs. tax preparer: What are the differences? Accounting professionals are the financial backbone of a company and, in today’s complex environment, they are increasingly providing clients with strategic and forward-looking guidance. Recording expenses and preparing financial reports.

Account 59

Account accountant accounted tax preparation 59

Acterys

FEBRUARY 27, 2023

In this blog, we’ll explore how Chat GPT is set to disrupt the planning industry and how businesses can integrate Chat GPT with Acterys’ xP&A capabilities to use conversational AI for lightning-fast analysis. With built-in AI features, Acterys makes planning easier by providing immediate insights into different aspects of your plan.

Construction 130

Construction Technology Sales 130

ThomsonReuters

OCTOBER 4, 2023

This article explores how different accounting firms use AI in their operations to drive efficiency and excellence in their services. This includes forecasting financial trends, identifying potential risks, and optimizing strategies for growth. The post How do different accounting firms use AI? How many accounting firms use AI?

accounting firms 111

accounting firms Account accountant accounted 111

Acterys

APRIL 11, 2023

As a CFO, you need to rely on complex financial models and contingency scenarios to make decisions that better mitigate risk and ensure optimal business performance. CFOs are currently transitioning towards autonomous financial planning and analysis (FP&A) in order to attain heightened agility. What is Autonomous FP&A?

Technology 130

Technology Finance Manufacturing Legal 130

Xero

MARCH 30, 2023

With a new financial year almost upon us, this is the perfect time to review your practice app stack and consider what digital tools could level up your firm in FY24. Know where you stand with clients from the get-go The new financial year comes with the promise of a fresh start for many small business owners.

Non-Profits 100

Non-Profits bookkeeping Start-ups Account 100

Xero

MARCH 2, 2023

Our report found the biggest of these to be an uncertain regulatory landscape, the need for increased digital agility and demonstrating value to small businesses. In our report, we outline how they can be addressed, including asking for improved support from the Government.

Account 96

Account accountant accounted bookkeeping 96

MineralTree

FEBRUARY 23, 2023

Cash flow forecasting is a critical part of financial planning for businesses of all sizes. Accurate cash flow forecasts help businesses plan for the future, identify trends, and make strategic financial decisions. Organizations use this data to anticipate short-term and long-term business needs and make informed financial decisions.

AP Automation 88

AP Automation accounting and finance AP Processes Finance 88

Shay CPA

APRIL 3, 2024

Organize according to GAAP If you’ve been following our blogs, you’ve probably seen this come up before. These guidelines come from two trusted sources: the Governmental Accounting Standards Board (GASB) and the Financial Accounting Standards Board (FASB). Your bookkeeping is no different. They widely apply to U.S.-based

bookkeeping 59

bookkeeping Finance accounting and finance accounting principles 59

ThomsonReuters

AUGUST 25, 2023

What are the differences between book and tax depreciation? Managing book and tax depreciation with software Depreciation. Book depreciation, which is also known as accounting depreciation, is the amount recorded in a business’s financial statement for a fixed asset (i.e., Jump to: What is book depreciation?

Tax 52

Tax tax return accounting principles Account 52

Xero

JUNE 16, 2022

As we look towards the new financial year, it’s the perfect time to reflect on what’s needed to make FY23 the best year yet for your business. Our Xero Small Business Insights report shows embracing digital tools can help small businesses accelerate their growth. . Here’s how apps can help make FY23 be your best year yet. .

Technology 118

Technology accounts payable Manufacturing Tax 118

Ryan Lazanis

APRIL 18, 2023

This includes tasks such as financial reporting, audit and compliance, fraud detection, and data analysis. Artificial intelligence (AI) can perform various tasks related to accounting, such as data entry, analysis, and report generation. In fact, ChatGPT wrote the above description: Can AI Replace Accountants?

Account 96

Account accountant accounted Technology 96

ThomsonReuters

APRIL 8, 2024

Tax professionals are also going to be more involved in financial transformation, cloud discussions, and other key decision-making discussions. If you’re looking through the rules and looking at what’s required, the big thing and the big focus is your country-by-country report and safe harbor calculations.”

Tax 52

Tax Technology accounting and finance Gaming 52

Accounting Insight

APRIL 24, 2023

This blog is here to prove that. We use what we know but in new situations to create different outcomes – seeing what works best. Accountancy today reports that 61% of accountants approach problem solving creatively, compared to 36% who prioritise logic thus overcoming some preconceptions about the people in the profession.

Account 59

Account accountant accounted Technology 59

CPA Practice

DECEMBER 19, 2023

But generative AI is different. McDonald predicted, “Ten years from now, finance and accounting professionals will have a totally different set of skills than the experienced professional of today and will largely look more like data scientists and systems engineers.”

accounting and finance 121

accounting and finance Finance Account accountant 121

ThomsonReuters

APRIL 25, 2024

While employee contributions to a 401(k) are typically made on a pre-tax basis, employer contributions may differ. If you withdraw funds from your 401(k) before age 59½, it is your responsibility to manage tax obligations using Form 5329. Manage withdrawals strategically. Are employer contributions to a 401(k) taxed?

Tax 52

Tax income tax tax preparation Account 52

inDinero Accounting

DECEMBER 13, 2021

That’s why 71% of businesses rely on outsourced accounting to help them track their financial data. QuickBooks and Netsuite Oracle are two popular cloud-based accounting management softwares that can help manage your day-to-day finances. Of course, each software offers different features.

NetSuite 105

NetSuite accounting software quickbooks Account 105

ThomsonReuters

MAY 6, 2022

Many accounting firms provide invaluable services that go far beyond tax prep and financial reporting. Offering more services than just tax preparation is beneficial because it ensures an accounting firm has more cash flowing from different areas. 2. Financial compliance. 3. Audit management.

accounting firms 93

accounting firms tax preparation Account accountant 93

ThomsonReuters

FEBRUARY 8, 2024

According to the Thomson Reuters 2023 State of the Tax Professionals Report , the majority (93%) of today’s tax and accounting leaders believe clients are looking for some form of advisory services. This accolade also emphasizes one key priority among tax and accounting professionals: improving client service.

Tax 52

Tax Account accountant accounted 52

Xero

NOVEMBER 30, 2022

Get ready to switch to new reports. If you haven’t made the switch to new reports, we urge you to start moving your work across now , so you have plenty of time to get used to them before the older versions are retired. We’ll now remind you to save your custom report before you navigate away from it, so your changes aren’t lost.

payroll 81

payroll Tax tax return bookkeeping 81

ThomsonReuters

NOVEMBER 28, 2023

In recent years, more tax professionals have exited the industry than entered it, which presents the potential for detrimental effects across the business and financial world. As stewards of the profession, we must find new ways to attract more talented young people to the accounting world — and convince them to stay once we do.

Technology 112

Technology Account accountant accounted 112

ThomsonReuters

JULY 6, 2023

This differs from traditional compliance work in that tax returns and related activities report on what happened in the past. From financial accounting to reporting advisory, there are many types of advisory services that accounting firms can provide. What are examples of advisory services?

Account 98

Account accountant accounted tax return 98

Snyder

NOVEMBER 17, 2022

Accountancy firmly belongs to the financial sector but it also shares a lot of key features with the service industry. No one can be an expert in all those areas, that’s why finding a helpful blog for accountants is such a great idea. Are accounting blogs only for accountants? What’s a great accounting blog?

Account 52

Account accountant accounted bookkeeping 52

Xero

JULY 11, 2022

Today, we’re excited to share that we’ve hit a significant milestone on that project when it comes to reporting in Xero. We’ve had two versions of our reports for a while now — the older version and our ‘new’ reports. Our teams have big plans to add even more reports and functionality in the future.

general ledger 83

general ledger payroll tax payroll Education 83

xendoo

AUGUST 30, 2021

Bookkeeping is critical to the financial health of every business, but business owners rarely have the time (or desire) to manage it themselves. So, how do you choose the right financial partner for your business? In this blog post, we will explore these key differences so that you can make the best choice for your business!

bookkeeping services 91

bookkeeping services bookkeeping quickbooks accounting software 91

Xero

FEBRUARY 12, 2023

The retirement of old reports is now only a little over five months away. We’ve answered some of your most common questions, so you can feel confident about switching to new reports before 31 July 2023. Q: Why are you getting rid of old reports? Our teams have big plans to add even more reports and functionality in the future.

tax return 105

tax return Tax Sales Technology 105

Xero

JULY 3, 2022

With a new financial year upon us, you might be thinking, what’s next for my small business? At a minimum, I’d recommend connecting with an accountant or bookkeeper at least four times a year (or every quarter of the financial year). While this works for some, it often becomes harder and harder to manage as a business grows.

business tax 110

business tax Tax bookkeeping accounting and finance 110

ThomsonReuters

JANUARY 30, 2024

Over the next few years, dozens of countries will be rolling out mandates for e-invoicing and continuous transaction controls (CTCs) as part of a global trend toward the complete digitalization of tax reporting and remittance. What’s a tax director to do? all of which means more maintenance and work.”

Government 52

Government Tax Sales Account 52

ThomsonReuters

JUNE 9, 2023

The accounting industry is seeing significant attrition among LGBTQ+ professionals Research commissioned by the Institute of Management Accountants (IMA), the California Society of CPAs (CalCPA), and the International Federation of Accountants (IFAC) revealed a surprising number of LGBTQ+ accountants are leaving their profession.

Account 98

Account accountant accounted double entry bookkeeping 98

ThomsonReuters

FEBRUARY 14, 2022

With different tax, accounting, and payroll software and solutions , you need to find employees who are familiar with and comfortable working with various systems. Instead, look for those who demonstrate they can solve technical problems or address errors that may come up when using different software. Communication.

Account 92

Account accountant accounted accounting firms 92