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Sage Intacct Implementation Case Study for IAFC

Cherry Bekaert

In early 2020, the International Association of Fire Chiefs (IAFC) realized its financial reporting needed to be timelier and more accurate. As a non-for-profit membership association that represents the leadership of firefighters and first responders worldwide, collaboration between accounting and other parts of the organization was vital.

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1099 Filing Season is Upon Us – What You Need to Know

Withum

As a reminder, in 2020 we saw the addition of Form 1099-NEC: Form 1099-NEC (Non-Employee Compensation)?is Contact Withum’s Outsourced Accounting Systems and Services Team if you have any questions or need assistance with 1099s. Start requesting and gathering any missing information sooner rather than later. Contact Us.

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Bridging Digital And Paper For Policyholders, Insurers

PYMNTS

New digital payment methods provide faster fund availability and a better claimant experience, but digital transformation typically requires significant disruption to carriers’ claims processes and accounting systems. billion profit.

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3 Lessons From FTX’s Bad Bookkeeping

CPA Practice

When FTX learned in 2020 that in order to be listed on NASDAQ, the company would need to have its policies and procedures audited, senior management allegedly scrambled to fraudulently make up policies that could be shown to auditors within just 24 hours. Don’t use just any accounting system.

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What the ViDA Regulation Means for U.S. Companies

CPA Practice

These findings are in accordance with the 2022 Value-Added Tax Gap report , which reveals that Member States lost approximately €93 billion (over $100 billion USD) in VAT revenues in 2020. The customer’s accounting systems must be able to receive an e-invoice sent by the supplier for them to be compliant.

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Finding The Tech-Human Balance In B2B Payment Optimization

PYMNTS

Although it occurred under dire circumstances, 2020 was the year that many organizations finally ditched the paper check in B2B payments — or, at the very least, helped to move the needle toward electronic payments.

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AP Automation Is Ready For WFH Accounting

PYMNTS

Legacy payment options like paper are getting nudged out by faster better methods like credit cards, which are more cost-effective for buyers’ accounts payable (AP) teams to send and quicker for suppliers’ accounts receivable (AR) professionals to receive. It’s time for a solid path to AP modernization, and the industry gets it.