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OneStream announced on May 13 the release of four new SensibleAI solutions, which are embedded throughout the enterprise finance management platform across planning and forecasting, close and consolidations, and reporting and analytics processes.
Predictability is key if you want to systematize your firm. Here are a few practical tips I used back when I was running mine. The post The Critical Feature of a Systematized Firm: Predictability appeared first on Future Firm.
The qualities necessary for success in the fields of accounting and tax have always included a natural inquisitiveness, a keen eye for details, being comfortable working with complex inter-related data, and sometimes working long hours, either due to reporting seasons or project deadlines. These traits are still necessary, but several other factors have grown critical.
What Happens When Your QuickBooks Pro or Premier Subscription Lapses or Is Cancelled? So, you’ve been living the dream with QuickBooks Desktop Pro or Premier, but now you’re staring down the barrel of a lapsed subscription—or worse, cancellation. What happens next? Does your data just vanish into the ether? Does Intuit send you a “Thanks for playing!
In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.
Ten out of 10 businesses sell products or services. And when you make a sale, you need to record the transaction in your accounting books. How comfortable are you with making a journal entry for sales? How you record the transaction depends on whether your customer pays with cash or uses credit.
We were first tipped to layoffs unfolding at RSM US on Friday but weren’t able to confirm until this morning when we received corroboration from another tipster. RSM is making cuts in tax, how many is unknown at this time. Tax leader Tony Urban informed his people today, more info is forthcoming as soon as we have it. We don’t know at this time if other service lines are affected.
We were first tipped to layoffs unfolding at RSM US on Friday but weren’t able to confirm until this morning when we received corroboration from another tipster. RSM is making cuts in tax, how many is unknown at this time. Tax leader Tony Urban informed his people today, more info is forthcoming as soon as we have it. We don’t know at this time if other service lines are affected.
The top 15 accounting firm said it's one of the few firms in the profession to deploy ChatGPT Enterprise across all personnel, unlocking innovation and accelerating client outcomes.
Running a small business is no small feat. Every purchase, every invoice, and every supplier relationship counts. But as your business grows, so does the complexity of managing procurement. This is where a Purchase Order (PO) System can help. The importance of a POS for contractors cannot be overstated. In the fast-paced and often unpredictable world of construction, managing resources effectively is crucial for the success of any project.
Our AccountingDepartment.com family is proud of its vibrant and diverse cast of characterswe span the country with our team members coming from all backgrounds and personalities. Included among our team are some amazing Military Spouses whose hard work, dedication, and contributions are part of what makes our family so strong, and theirs as well.
There are two types of people come tax time. Youve got the ones who are excited and file their taxes on the first day they can. And, youve got the ones who moan and groan and file at the last minute. Which one are you?
The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.
Here we are, back for another week. Yippee. Comments are off on the Monday news brief by default but you are welcome to hit us up via email or text if you have something to say. Now, here’s some stuff that’s going on. In Milwaukee, a Catholic charity is suing a former employee as well as Baker Tilly , the latter because they didn’t notice almost $2 was missing: Catholic Charities of the Archdiocese of Milwaukee is suing its former finance director, alleging she funneled hundred
Even if you filed your tax return for the year, theIRS warned last week that taxpayers should remain on alert for some common scams to avoid losing money and personal data.
On May 10, 2025, New York Governor Hochul signed the 2025-2026 budget bill into law. While there are no major tax changes in the budget bill, several items are worthy of note for taxpayers. Including a payroll tax hike and new rules related to partnership audits. Below is a summary of some of the more important tax changes. We will provide a more detailed analysis of these provisions in the coming days.
Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.
Your businesss financial statements give you a snapshot of the financial health of your company. Without them, you wouldnt be able to monitor your revenue, project your future finances, or keep your business on track for success. So which financial statement is prepared first? Which financial statement is prepared first?
Collecting hundredsif not thousandsof client documents, saving them as recognizable names, and storing them in the right place is tedious and time consuming. After all, Every file needs to be in order, and all client information must be protected. However, protecting client information and documents (not by email, for example), sharing them with only the right staff members, and maintaining compliance is challenging to say the least.
Have you ever been in that situation when you just wanted to ask your accountant that quick question and get an instant answer? This is becoming a reality with the advancement of accounting technology and AI. Often I was waiting for that management report or responding to that one question from two months ago that I needed to find which report had the history.
Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.
Each year, Insightful Accountant honors the most dedicated, innovative, and impactful professionals in accounting through our Top 100 ProAdvisor Awards Program. And this year, were bringing that celebration to life in an unforgettable way.
Collecting hundredsif not thousandsof client documents, saving them as recognizable names, and storing them in the right place is tedious and time consuming. After all, Every file needs to be in order, and all client information must be protected. However, protecting client information and documents (not by email, for example), sharing them with only the right staff members, and maintaining compliance is challenging to say the least.
Proper financial reporting is essential for not-for-profit organizations to maintain transparency, donor confidence, and regulatory compliance. But despite their best intentions, many NFPs consistently make critical errors in their financial statements.
Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.
Artificial intelligence (AI) technology represents a turning point for many industries, including the accounting industry, as we see a shift in the way accountants are working as a result. In this report, we surveyed 100 accountants to discover how theyre using AI, what type of AI theyre using, their opinion on AI technology, their trust in it, and what they think the future will look like.
The tax profession faces unprecedented recruiting challenges in 2025. As specialized tax expertise becomes increasingly valuable amid evolving legislation, firms struggle with a diminishing pipeline of qualified candidates.
It remains unclear why the companies struck the deal without an IRS purchase, but Carahsoft previously said it stands by the cybersecurity tech transaction.
Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.
U.S. regulatory compliance professionals cited keeping abreast of regulatory changes (43%), assessing risk profiles across multiple asset classes (42%) and accurately identifying insider trading and market manipulation (40%) as their top three choices.
In this blog, we answer all your FAQs related to MTD for Income Tax , as there remains uncertainty about HMRCs scheme. Weve taken key questions from webinars, events, and conversations with our customers, and put them all in one place, so we can clarify any confusion you may have. Lets start with the basics, then get into more specific, and software-based questions around compliance.
Discover how accounting firms are addressing the talent gap by investing in team development, mentorship, and education partnerships to prepare future leaders.
Speaker: Claire Grosjean, Global Finance & Operations Executive
Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.
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