Mon.Jun 27, 2022

Understanding Accounts Receivable (AR): Accounting Basics You Need to Know

Snyderr

However big or small your business is, you’re familiar with the notions of accounts receivable and accounts payable as integral parts of accounting. These two ledger lists are available on your balance sheet and indicate how well your business is performing.

Acterys Recognized as a Top-Rated Vendor in 2022 BPM Pulse Research

Acterys

We have done it again. Acterys has been included in the Top-Rated Performance Management Vendors for 2022 by BPM Partners. Last year, Acterys entered the ring as the Best New Vendor in the Annual BPM Pulse Awards 2021. Acterys is now a returning champion securing an overall Excellent 4.6

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Improve Your SaaS Gross Margin

BurklandAssociates

Gross margin is a critical metric for SaaS startups to measure and improve. Low margins aren’t healthy or sustainable for most SaaS companies, and gross margin is one of the Read More. The post Improve Your SaaS Gross Margin appeared first on Burkland. Accounting CFO Insights Financial Modeling Saa

Would Whoever Is Leaving Accounting Textbooks in the Little Free Library Please Stop Immediately?

Going Concern

What kind of monster does this?! via r/accounting. That very edition — published in 2008 — is going for $50 used on Amazon and people have left reviews for it as recently as last year. This find could be a score for the right person!

Global Accounting Principles and Commission Capitalization

Speaker: Ryan Dillard, Chief of Staff Director at CBIZ ARC Consulting LLC; Kelly Hicks, Global Controller at Airbase

Join us for this webinar, where Airbase Controller Kelly Hicks and Ryan Dillard, a Director at CBIZ ARC Consulting, explore how to approach capitalizing global sales commissions.

Make More of Your Commute With These 10 Podcasts | Canopy

Canopy Accounting

One of the most productive things accountants can do during their morning commute is expand their knowledge by listening to industry-related podcasts. No matter what area of interest or specialization you may have, there's sure to be a podcast to satisfy that need.

Former EY Partner Calls Newly-Released Tax Salary Data “Disturbingly Low”

Going Concern

Australian Financial Review said this morning they are in possession of tax salary data that EY is providing to some of its teams internally : Staff in EY’s tax division have learnt for the first time the salary ranges paid for graduates, consultants, managers and directors as part of a pay transparency drive at the big four firm.

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More Trending

Raises at the Queen’s PwC Are Better Than Other Big 4s But Still Not Beating Inflation

Going Concern

UK inflation is at a balmy 9.1% and rising, the job market is red hot, and accounting firm partners everywhere are digging through their kitchen junk drawers for all the buy-one-get-one pizza coupons they can find. It’s rough out there — for employers.

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Talking about inflation raises prices. Here's how financial advisors can address the "I" word

Accounting Today

Practice and client management Economic indicators Tax planning Tax

Tax Roundup

Withum

There is a lot going on regarding taxes these days. For starters, Democrats are still trying to pass a smaller version of Build Back Better (BBB), the legislation that stalled in Congress last year.

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Accounting Today accepting 2022 MP Elite submissions

Accounting Today

Practice management Practice structure

5 Ways to Improve DE&I in the Workplace

Diversity, equity, and inclusion are critical for an organization’s success. And companies that take bold action to help ensure an inclusive workplace will win every time. Discover how your company can create a culture that celebrates DE&I while achieving higher revenue and growth.

The Importance of a Month-End Close Process

Withum

Now that we are halfway through the new year, most companies have wrapped up their books and records for 2021 and sent them to their accounting professionals for tax and audit preparation.

The pressure rises to close the books faster

Accounting Today

Technology Automation Cloud computing

How Do 3401(a) Wages Work?

Patriot Software

As an employer, you’re probably familiar with W-2 wages and how they work. But, have you ever heard of 3401(a) wages? If you offer retirement plans, it’s time for your crash course. Get the lowdown on what 3401(a) wages are, how they work, and other 3401(a)-specific rules. What are 3401(a) wages?

IFAC calls for integrated mindset to drive sustainability

Accounting Today

IFAC Accounting Climate change ESG International accounting

Virtual Cards — Everything You Need To Know

Speaker: Eoin Hession, Controller at Recharge

Even though virtual cards have been part of the payments system for over ten years, there remains a lack of clarity around how they work and their value to companies large and small. In this webinar, Eoin Hession, Controller at Recharge, talks about how his company uses virtual cards in their operations. Sign up today!

NJCPA Names Joe Breen a 2022 Emerging Leaders Ovation Award Winner

Withum

The New Jersey Society of Certified Public Accountants (NJCPA) has named Joe Breen a 2022 Ovation Award winner in the Emerging Leaders category. Joe is a Senior Tax Accountant working in both the Construction Industry Team and Private Client Services , specifically with High Net-Worth Individuals.

U.K. investigates Wise CEO Kaarmann after tax breach

Accounting Today

Fintech International taxes Tax Tax evasion

Great Place to Work and Fortune Name Withum Among Best Workplaces in New York

Withum

Withum is proud to share that Great Place to Work and Fortune magazine has named Withum as one of this year’s Best Workplaces in New York.

The role of the profession: Accounting for good

Accounting Today

Accounting ESG Audit

How to Write OKRs: 45 Effective Examples

Many companies are embracing objectives and key results (OKRs) as the best practice for committing to goals and following through. Objectives are outcomes that reflect current company priorities. Each employee should write OKRs that roll up to larger company goals.

How Financial Planning Will Lead to More Business

Accounting Web

Clients How Financial Planning Will Lead to More Business

Art of Accounting: 13 best practices for better hiring, training and retention

Accounting Today

Practice management Ed Mendlowitz Employee retention Training Recruiting

How to Make Your Digital Transformation Successful

Accounting Web

Growth How to Make Your Digital Transformation Successful

Changes to the R&D Tax Credit

Accounting Today

Corporate taxes Tax credits Tax

Building Smart with Distributed Teams

Speaker: Sam Ross, General Counsel at Remote; Jenny Bloom, former CFO at Zapier & Darren Murph, Head of Remote at GitLab

It’s clear that distributed teams are here to stay in some form or another. Adapting to this reality means finding the right systems and processes that support remote workers — including international ones — while controlling for risks and communication challenges. Watch to find out more!

Monday Morning Accounting News Brief: PwC UK Raises; ESG = $$$; Mid-Tier Tech Sucks | 6.27.22

Going Concern

Crypto has crashed–oops sorry, there’s a “crypto winter” and apparently that’s important for CPAs to be aware of. Mid-tier firms have crappy technology.

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Does Shopify Take a Percentage of Sales?

Snyderr

For instance, you need to understand how Shopify works and how much you’ll be expected to pay for your store. Before you set up your Shopify store, you may be asking questions like: How much is Shopify? Which payment details should I provide?

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HMRC raises interest rates on late tax bills from 5 July

Inform Accounting

Following the increase in the Bank of England base rate to 1.25% earlier this week, HMRC has confirmed that it will raise interest rates on late tax bills by a further 0.25%. This means that the late payment interest rate will increase to 3.75% from 5 July 2022. The rate last increased to 3.5%

The biggest financial issue for SMEs is a squeeze on cash flow – yet just a quarter of accountants offer cash flow support

Accounting Insight

• According to accountants, the biggest financial issue for small business clients is a cash flow squeeze (52%), yet only a quarter of firms offer cash flow management support. •

The First 90 Days: Onboarding Checklist

Connect with your people from day one with this development and engagement checklist.

Keep It Top Of Mind

RitaKeller

“You cannot do kindness too soon, for you never know how soon it will be too late.” — Ralph Waldo Emerson. Sometimes we get stressed. The client needs something pronto. We pressure staff to get work done. We are backlogged on review. Many people want our attention. There seems to be question after question from the team. There seems to be interruption after interruption. Don’t forget to be kind. I occasionally repost a Seth Godin blog post.

So, Who Ya Going to Call?

Intuitive Accountant

Starting your own business? Here’s why calling your friendly neighborhood CPA is the best first move you can make—and how you can make that happen. Reach Reporting’s Justin Hatch explains

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Power BI Data Model Governance With Power BI Golden Dataset and Thin Reports 

Withum

If you have previously worked with Power BI or any other self-service BI tool, then I am sure you have found the incredible value it brings to an organization when making important data-driven business decisions.

Auto-matching for QuickBooks Payments

Intuitive Accountant

Intuit QuickBooks is introducing Auto-match for QuickBooks Payments starting in mid-July. Murph runs us through the details

Telling a Great Story with Data

Speaker: Jeff Epstein, Operating Partner at Bessemer Venture Partners, & Aneal Vallurupalli, CFO at Airbase

Data can create and even change a story — this is a key theme in an enlightening discussion between Jeff Epstein, Operating Partner at Bessemer Venture Partners, and Aneal Vallurupalli, CFO at Airbase. Watch the video to discover how!