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ChatGPT Can Pass the CPA Exam But Here’s What It Can’t Do (Yet)

Going Concern

This isn’t much different from a sole proprietor CPA teaching his high school daughter how to enter receipts in Excel to make a little extra cash over the summer. Flow by Nanonets is the ultimate solution for Accounts Payable Automation. Over time, she gets faster and better at inputting the data with a little practice.

CPA 105
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From Execution to Insight: How Fintech is Shaping the Future of Accounts Payable

CPA Practice

Accounts payable (AP) teams are stuck on a hamster wheel, always having to scramble to get payments out the door and then reconciling them on the back end. You have to spend money on the spending of the money instead of on revenue-generating activities. There are also mindshare costs. Making vendor payments is a brute force activity.

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Controls are Ineffective When Managers Go Rogue

RogerRossmeisl

This is true even when managers have innocent intentions — for example, they don’t feel they have time to follow proper accounts payable procedures because a vendor is requesting immediate payment. The post Controls are Ineffective When Managers Go Rogue appeared first on Roger Rossmeisl, CPA. controls are ineffective.

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Starting your own CPA firm: Tips from 2 success stories

ThomsonReuters

Now that tax season is in full swing for many practitioners, you may find yourself questioning if this is the right time to break off and explore starting your own CPA firm. Together, we discuss career paths and the best advice for those looking to rise to individual success within the tax and accounting profession.

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Keep Fraud Out of Your Law Firm

RogerRossmeisl

Hold everyone to high standards A firm’s accounting department — payroll and accounts payable and receivable — is where fraud often occurs. The post Keep Fraud Out of Your Law Firm appeared first on Roger Rossmeisl, CPA. Then, call references and conduct background checks (or hire a service.

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How to Value a CPA Firm [Plus 13 Key Valuation Factors]

Ryan Lazanis

If you’re curious how much your firm is worth and how to increase your firm’s valuation, you’ll want to read this article on how to value a CPA firm. I’ll also draw on my personal experience from selling my online accounting firm just a few years ago. Table of Contents How Do You Value an Accounting Practice?

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David Henroid Named a Top Business Advisor by Small Business Monthly

Anders CPA

Assistant controller David Henroid, CPA , was named a St. With a background in both audit and controllership, he has insight and perspective in finance that takes the full picture into account. In his role as an assistant controller, David manages accounts payable and receivable in addition to in-depth financial reporting.