Xero

AUGUST 29, 2023

This guest blog post was written by the team at financial management app, Expensify. eReceipts are digital versions of receipts that are automatically created and stored in Expensify based on the data received from the credit card provider. If they were using eReceipts, this wouldn’t be an issue in the first place.

Approval Workflows 86

Approval Workflows general ledger audit Expense Management 86

ThomsonReuters

FEBRUARY 6, 2024

Benefits of sales tax automation software The benefits of a sales tax automation software are that it automatically evaluates all data points and processes them in milliseconds using requirements set based on your tax footprint and your tax requirements. What if you don’t have a complex business model?

Sales 98

Sales Tax audit Account 98

Xero

MARCH 30, 2023

Whether you’re signing on a new small business or restructuring your pricing model, you need to ensure your engagement terms are clear and consistent. But, as numbers people, we know that understanding your teams’ needs isn’t just about conversations; data also plays an important role.

Non-Profits 101

Non-Profits bookkeeping Start-ups Account 101

Xero

APRIL 17, 2024

Essentially, carbon accounting is just maths: emissions are calculated by multiplying business data (such as employee travel data or an office electric bill) by an ‘emissions factor’, or the average emissions generated by that activity. appeared first on Xero Blog. What methodologies should you align to?

Account 92

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Airbase

DECEMBER 5, 2023

This blog explores the critical importance of these reports, delving into how they contribute to financial transparency, regulatory compliance, and the overall efficiency of business operations. Benefits: Enables businesses to identify and plan for recurring financial obligations, ensuring timely payments and budget predictability.

Approval Workflows 130

Approval Workflows Expense Management Entertainment Technology 130

ThomsonReuters

JUNE 9, 2023

The research studies conducted by these organizations included data collected from thousands of accounting professionals across Europe and the US who identify as LGBTQ+. As companies seek to comply with more stringent environmental, social & governance (ESG) regulations, they will need reliable sources for nonfinancial data transparency.

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MineralTree

FEBRUARY 23, 2023

In this blog post, we will discuss the importance of cash flow forecasting and how businesses can better manage their cash flow through AP analytics and better data management. Organizations use this data to anticipate short-term and long-term business needs and make informed financial decisions. What is Cash Flow Forecasting?

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AP Automation accounting and finance AP Processes Finance 88

ThomsonReuters

FEBRUARY 1, 2024

Therefore, it is critical that organizations use standardize d accounting practices when reporting financial information to ensure the information is transparent, consistent, and comparable. Principle of Consistency:  The accounting practices are both consistent and comparable each reporting period.

Non-Profits 52

Non-Profits accounting standards Maine accounting and finance 52

ThomsonReuters

JUNE 29, 2023

Application Programming Interfaces (APIs) are bits of software code that allow two unrelated systems to access and use each other’s features or data. Typically, your journey will consist of four, two-hour sessions with API and automation consultants that dive deep into every aspect of your business.

Technology 98

Technology accounting firms Tax Account 98

PYMNTS

OCTOBER 13, 2020

In a blog post , the company said the shift to digital work, while jarring early in the year, has proven effective for many companies since. "We We believe the data shows the shift to remote work, though abrupt, has been successful overall,” the post stated. “A The San Francisco-based company said Tuesday (Oct.

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ThomsonReuters

JANUARY 18, 2024

Ensuring the accuracy of bookkeeping and that the bookkeeping is compliant with state and federal laws. Ensuring that systems are up to date. Examining financial documents and financial transactions to ensure compliance and rectify any discrepancies. Recording expenses and preparing financial reports. Preparing tax returns.

Account 59

Account accountant accounted tax preparation 59

ThomsonReuters

APRIL 21, 2024

Selecting the correct product classification codes and ensuring compliance with frequently changing and sometimes uncertain rules in one country can be complicated enough. Compliance with global tax regulations is enhanced and simplified because AI can provide consistent classification practices across different jurisdictions.

Tax 52

Tax corporation tax Technology tax planning 52

Xero

JUNE 22, 2022

Whether you’re signing on a new small business or restructuring your pricing model, you need to ensure your engagement terms are clear and consistent. But, as numbers people, we know that understanding your teams’ needs isn’t just about conversations; data also plays an important role. . Lean on intuitive dashboards.

Non-Profits 88

Non-Profits Technology bookkeeping Start-ups 88

ThomsonReuters

OCTOBER 20, 2022

if the summary is provided to a third-party administrator (TPA), the TPA must give the employer, at least annually, a report describing the hardship distributions made during the year or access to the data. appeared first on Tax & Accounting Blog Posts by Thomson Reuters. To satisfy the substantiation requirements—.

audit 105

audit Tax Account accountant 105

PYMNTS

NOVEMBER 25, 2020

Today in B2B payments, Barclays debuts a corporate trade finance platform, and Adobe introduces B2B data capabilities on its real-time Customer Data Platform. Adobe Introduces B2B Capability for Customer Data Platform. 24) blog post , improving on last year's version that only worked with brands. 24) announcement.

B2B 91

B2B Finance accounting and finance Expense Management 91

ThomsonReuters

JULY 25, 2023

are crucial, especially if the new ERP is going to enable enterprise-wide data-sharing. Thomson Reuters: Can indirect tax automation help businesses that have paid significant amounts under audit recently or on a recurring basis, or are consistently filing refund claims?

Technology 93

Technology Tax audit Sales 93

Xero

SEPTEMBER 28, 2022

The Royal Institute of Chartered Surveyors (RICS) also found that 34 percent of construction firms don’t consistently use any digital tools for cost estimation, prediction, planning and control – on any projects at all. The post Procore + Xero: Building a new platform partnership to help digitalize construction appeared first on Xero Blog.

Construction 95

Construction accounting and finance bookkeeping Finance 95

Xero

NOVEMBER 13, 2022

Because as we face continued economic turbulence, it’s never been more important to ensure small businesses have the support they need to succeed. Gone are the days of complex and slow loan applications; data-driven, intuitive and integrated processes are the way forward. . Breaking down barriers to financial support.

Finance 52

Finance bookkeeping 52

ThomsonReuters

JULY 8, 2021

That’s a shame because centralized operations drive consistency, transparency, control, and more effective data analytics — which would benefit statutory reporting operations when tax regulations are subjecting companies to greater complexity, scrutiny, and digital demands. Support comprehensive audit trails. The future is here.

Technology 98

Technology accounting and finance general ledger accounting principles 98

Accounting Insight

OCTOBER 27, 2023

Intrastat reporting Intrastat reporting largely involves statistics but does occasionally require fiscal data. The mandatory data in Intrastat reports were originally regulated by Article 9 of Regulation (EC) No 638/2004 , which is no longer in force, though it also lists optional elements for reporting consistency across the EU.

E-commerce 59

E-commerce Transportation Sales Tax 59

MineralTree

APRIL 4, 2024

From manually inputting invoice data to chasing down approvers for signatures, a traditional paper-based approval process contains many time-consuming, manual steps that slow down payments and sap resources. Reliance on manual data entry can lead to inefficiencies, increased error rates, and prolonged invoice processing times.

Approval Workflows 52

Approval Workflows NetSuite AP Automation Technology 52

ThomsonReuters

AUGUST 2, 2023

aims to end the ‘race to the bottom’ on tax rates by ensuring that multinational enterprises (MNEs) pay a minimum effective corporate tax rate of 15%. is so fluid, it is important to stay updated on the latest developments in your region to ensure you are ahead of the curve. Following is an overview of the Pillar 2.0

corporation tax 98

corporation tax Tax financial statements Government 98

ThomsonReuters

JANUARY 12, 2023

An ESG audit is an assessment of the risks related to ESG and can verify the accuracy of the ESG-related data that a company discloses to its employees, stakeholders, and regulatory bodies. . While ESG audits are not consistently practiced within and across jurisdictions, various audit standards are being used on engagements.

audit 52

audit auditor Technology Government 52

xendoo

MARCH 17, 2022

Even with the help of bookkeeping software, it takes financial expertise to put the data into context and use it to make informed decisions. In this blog post, we will discuss how online bookkeeping works and how it is crucial to business growth! To save time, some choose to partner with an online bookkeeper. . Going Digital.

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bookkeeping bookkeeping software quickbooks bookkeeping services 98

ThomsonReuters

JANUARY 12, 2023

Not so long ago, auditing in accounting meant spending long hours manually entering taxpayer data, sifting through loads of paperwork, and scrutinizing spreadsheets line-by-line. Audit automation utilizes cloud-based technology to enable users to work from anywhere, collaborate with colleagues in real time, and securely access audit data.

Technology 52

Technology audit auditor Tax 52

CPA Practice

MARCH 23, 2023

Understand your target market(s) Choose your core content formats (video, blogs, podcast, etc.) HubSpot Use Data to Drive Decision-Making Data-driven decision-making is essential for scaling up your marketing efforts. To build a winning, repeatable strategy, consider these five steps. ebooks) and short-form (video clips).

B2B 64

B2B accounting and finance Start-ups Account 64

ThomsonReuters

MAY 10, 2022

Data required for calculation and reporting is extended across disparate systems. As a result, this puts pressure on the ERP systems, purchasing systems, or other existing operational support systems, to deliver accurate, repeatable, predictable, and consistent excise tax determination results. Ensure end-to-end compliance.

Technology 98

Technology Tax accounting and finance Manufacturing 98

Reckon

JULY 30, 2023

Guest blog by Alex Kirillov. In his op-ed for the Reckon blog, Alex dives into the ways remote work is evolving; where it stands in 2023; and importantly, how you can ride this wave into the future. Ensuring clear and effective communication can be challenging in a remote setup. Establishing clear boundaries is essential.

Technology 52

Technology Gaming Government 52

ThomsonReuters

AUGUST 25, 2023

In fact, IRS data revealed that roughly 10.6 As a tax professional, your clients depend on your expertise to help them navigate the tax-related complexities to ensure compliance and minimize their tax obligations. Given such benefits, many people own rental property. Most likely, some of your clients are among them.

Tax 52

Tax Account accountant accounted 52

Acterys

FEBRUARY 22, 2023

FP&A teams play a key role in ensuring the financial stability of a business. They monitor past data, understand the present financial position, and prepare for the future accordingly. They are responsible for supporting the financial planning and decision-making processes of an organization through data analysis and reporting.

financial statements 130

financial statements accounting and finance Sales Finance 130

ThomsonReuters

MAY 12, 2022

can help ensure a smooth process. Export audit data to other file formats. The ability to produce audit data quickly saves time and can both strengthen your audit defense and protect your company’s bottom line. The job of a sales tax auditor is to: Examine discrepancies between primary source data and sales tax returns.

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audit Sales Tax auditor 105

ThomsonReuters

JANUARY 12, 2023

Accounting provides information on the financial health, profitability and performance of a company, while auditing aims to determine whether or not the financial data provided by accounting is correct. Accounting and auditing are related and go hand in hand with one another. What does an audit accountant do?

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audit auditor Account accountant 59

ThomsonReuters

NOVEMBER 4, 2020

This framework aims to put an end to tax avoidance strategies and mismatches in tax rules to ensure multinational enterprises pay their fair share of tax. A well-coordinated approach must ensure cohesive messaging and communication on what you did and why you did it—ahead of inquiries from tax authorities.

Technology 52

Technology Non-Profits Tax tax planning 52

ThomsonReuters

NOVEMBER 12, 2021

Staying compliant with these standards and regimes will require greater transparency — one of the essentials of corporate tax planning — which means ensuring that you have control over your tax data. Inform yourself about the new BEPS rules . These actions range from digitization to MDRs to prevention of tax treaty abuse.

tax planning 52

tax planning Tax corporation tax Technology 52

ThomsonReuters

MAY 19, 2021

As Paul and I discuss, it might be time to find a new pattern of client communication as we work to strengthen relationships and set consistent behavior. “So, How do we capture that data in our firm? And now, there’s this acceleration that changes how we navigate that relationship. How do we make that part of our paper trail.”.

tax return 98

tax return Tax Start-ups Technology 98

xendoo

DECEMBER 15, 2021

Consistent bookkeeping provides the financial insight needed to strategize for long-term success. In this blog post, we are exploring the top 5 benefits of catch up bookkeeping ! . This could skew your numbers going forward, and costly choices could be made based on inaccurate data. Reliability in Your Opening Balance.

bookkeeping 69

bookkeeping financial statements Tax bookkeeping services 69

ThomsonReuters

FEBRUARY 8, 2022

One way to ensure you have a successful strategy in place to win new tax clients is to enhance your firm’s reputation — both online and in your community (including inside your own office). Offer secure access to data to clients and employees via cloud applications and portals. One new fan on Facebook will not ensure engagement.

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