Fri.Oct 28, 2022

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Best Practices for Accounts Receivable (AR) Collection

Withum

Implementing a clear and concise Accounts Receivable invoicing and collection process will allow your business to get paid faster and provide a more healthy and predictable cash flow projection ability for the coming year and/or years. Accounts Receivable Best Practices. Below are some steps you can take for a better approach to AR collection: Create an accounts receivable payment follow-up policy and assess collections regularly. .

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FTB Audit Representation by California State Taxing Authority

MyIRSRelief

In case you were not aware of what the FTB is, it is the California board that is responsible for collecting all of the personal income tax and business franchise taxes that are assessed every year for people and companies in California. Formed in 1950, the board replaced the original Franchise Tax Commissioner that was created by the original California Constitution.

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How to Build Monthly & Yearly Budget & Forecasts with Power BI

Acterys

If you’re a finance manager or CFO, you know how important it is to have a clear and accurate picture of your company’s budget. After all, the budget is what allows you to make key decisions about where to allocate your resources and how to maximize their utilization. While there are several specialized solutions available in the market, adding market-leading planning capabilities to widely used productivity solutions.

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Caterpillar's 15-year tax saga ends with $740M IRS settlement

Accounting Today

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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

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.

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Some High Level Folks Have Abruptly Left BDO and No One Seems to Know Why

Going Concern

People who know know there’s something happening at BDO USA. We are working on getting to the bottom of a few things that we can’t quite share with you until we have more information but in the meantime, we need to talk about how leadership is apparently getting axed — or leaving? — and no one knows why. Well, someone knows why.

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Fire Prevention Awareness With Jon Kessler

Withum

Explore Other Episodes. #CivicWarriors #WithumImpact. The post Fire Prevention Awareness With Jon Kessler appeared first on Withum.

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What Is Inventory?

Patriot Software

Unless you own a service-based business, you likely have inventory. Knowing how much inventory you have is crucial for managing accurate small business accounting books, ordering new stock, and making pricing decisions. So, what is inventory? Inventory meaning Inventory represents the goods your small business has for sale or in storage. Your small business’s inventory […] READ MORE.

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Boomer's Blueprint: Firm technology in 2025

Accounting Today

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Book Value vs. Market Value

Patriot Software

As a business owner, you have many types of assets. Knowing how much your assets are worth is necessary for properly creating financial statements, obtaining outside financing, and selling your property. But, assets don’t retain the same value throughout their life cycle. You need to know the difference between book value vs. market value to […] READ MORE.

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Tax cuts for the rich? In this economy? GOP playbook faces doubts

Accounting Today

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

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.

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What Small Business Owners Need to Know About Use Tax

Patriot Software

You might be familiar with the process of collecting sales tax from consumers. But, how much do you know about use tax? Understand the difference between sales tax and use tax, as well as your use tax responsibilities. What is use tax? Use tax is a sales tax imposed on consumers who do not pay […] READ MORE.

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Douglas O'Donnell named acting IRS commissioner

Accounting Today

Tax 98
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Accounting Terms You Should Know

Patriot Software

As a small business owner, the idea of learning accounting lingo can be intimidating. You may not know many terms used in accounting. To better understand your business’s finances, you may want to review a few basic accounting terms. To help you get started, below are explanations of common accounting terms. Common accounting terms Review […] READ MORE.

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Ad-supported video streaming could have broad tax implications

Accounting Today

Tax 98
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Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

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.

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Business Owner Responsibilities You Can Manage: Financial Tasks

Patriot Software

Managing accounting is just one of your business owner responsibilities. But for many, it can be overwhelming and nerve-racking. Your first instinct might be to outsource all your accounting tasks to an accountant. However, there are many financial tasks you can, and should, manage on your own. Financial business owner responsibilities you can manage When […] READ MORE.

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Foundations set up by the rich are increasingly using charity loophole

Accounting Today

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Canopy Wins G2’s Fall Implementation Award | Canopy

Canopy Accounting

Get your drum rolls out and start drumming: Canopy’s Practice Management software for accounting firms just won a G2 Fall 2022 badge for Most Implementable! If you’re wondering what this means or whether or not it’s a big deal, think of it this way: For human beings, it’s the Nobel Peace Prize. For dogs, it’s the Westminster Legend Trophy. For accounting practice management software, it’s undoubtedly a badge from G2 for Most Implementable.

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20 Days to a Better Firm: Throw money at them

Accounting Today

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8 Pillars of Leadership Development

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.

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Navigate Through Book Value Calculations to Evaluate Your Business’s Worth

Patriot Software

To run your business, you likely rely on assets such as equipment, your building, a company car, inventory, and cash. And if you want to maintain your books, create financial statements, and determine the theoretical value of your property, you need to calculate book value. What is book value? What is book value? Book value, […] READ MORE.

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SEC cracks down on excessive executive pay

Accounting Today

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Common Construction Payroll Implementation Errors You Can Easily Avoid

Randal DeHart

Small business owners spend an average of eight hours monthly performing payroll functions. That's 12 full days a year that could be spent generating sales, prospecting new business opportunities, improving products or services, or servicing customers. Upgrading or changing your payroll system comes with a ton of attractive benefits. Saving time and money, making everyone's account more manageable, and better integration are all excellent reasons to consider a change.

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AICPA and CIMA offer resources for organizations facing single audits

Accounting Today

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Protect What Matters: Rethinking Finance Ops In A Digital World

Speaker: Cheryl J. Muldrew-McMurtry

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.

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How document packs helps this UK advisor stay ahead of the curve

Xero

In our One Step research , we found that small business owners who adopt new technologies enjoy on average 106% higher productivity than those who fall behind the tech adoption curve. It’s something that Andy Housley of Square 1 Accounting in the UK can personally attest to. . Here, Andy shares why he’s passionate about staying up to date with the latest tools and gadgets, and how he makes the most of document packs in his practice — a secure solution within Xero HQ that helps you easily collate

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How good they think their tools are can impact auditor judgment

Accounting Today

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What Are Articles of Organization?

Patriot Software

When structuring your business, you must follow each entity’s formation requirements, such as registering with your state, obtaining licenses and permits, and filing paperwork. If you decide to structure your business as a limited liability company (LLC), you must file articles of organization. What are articles of organization? What are articles of organization?

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On the move: Eide Bailly announces 2022 'Resourcefullness' Award winner

Accounting Today

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How to Set Better OKRs and Drive Results

Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.

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Business Refinance Loans for Small Companies

Patriot Software

If you’re like many small business owners, you’ve taken on some form of debt to help your company grow. Small business loans can be very beneficial, but repayments can also become a burden. If you’re struggling to repay business debt, consider reorganizing with business refinance loans. What is refinancing a loan? To refinance debt, you […] READ MORE.

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Tech News: IRIS acquires Thomson Reuters payroll product

Accounting Today

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Debt Financing vs. Equity Financing

Patriot Software

As a small business owner, you know that it’s hard to gain business capital. But, you need money to grow your business. Whether you are looking for startup or expansion funds, you usually have two options: debt financing vs. equity financing. Know the difference between equity and debt financing to choose the right one for […] READ MORE.

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Sync Stripe invoices with QuickBooks: How To Close Invoices in QBO With Payments From Stripe Automatically

Snyder

Invoices are an integral part of any business that directly affects its cash flow and financial health. It’s critical to manage them properly and reflect them in accounting correctly. Failing to do it can result in accounting jeopardy and, consequently, inaccurate financial statements, headaches reconciling your books with the bank, and making wrong business decisions based on incorrect data.

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Automation, Evolved: Your New Playbook for Smarter Knowledge Work

Speaker: Frank Taliano

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.