Snyder
AUGUST 22, 2022
If you’re an e-commerce business owner, then you know that a business report is an important way to track your company’s progress and performance. But what should you actually include in your report? Here are some essential elements: Sales data–This is probably the most important metric for any e-commerce business. Include a breakdown of your sales by product, channel, and time period.
Withum
AUGUST 22, 2022
Many organizations have been surprised when they find that cyber insurance premiums have gone up and they now have less coverage. Some organizations are not able to renew their insurance pending proof of meeting the insurance company’s requirements that they have the controls needed to protect and defend themselves against cyberattacks. In another organization, a cyber insurance company denied their renewal because they could not clearly identify their cyber risk which the insurance company stat
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Xero
AUGUST 22, 2022
This week, one of our most highly requested product updates will be going live in Xero Payroll: payroll history. We listened to you, our customers and community, and will be launching the first stage of the feature in Australia – employee records. So, what does this mean? You’ll now have an easy-to-access audit trail of changes made within Xero by a small business owner, advisor or app partner.
Intuitive Accountant
AUGUST 22, 2022
Intuit has been working on a new QuickBooks migration tool for desktop to online. We told you about some of its efforts last spring—now those efforts are full speed ahead with the new tool.
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.
Ryan Lazanis
AUGUST 22, 2022
Looking for the best accounting practice management software for your firm? Good news, because this is the ULTIMATE accounting practice management software round-up post. Key Takeaways. Get to know the top accounting practice management software and why it is essential for your business. Important categories to evaluate when choosing a workflow management software for your CPA firm.
Xero
AUGUST 22, 2022
In case you haven’t heard, Xerocon is back with a bang. From London to New Orleans, and soon, Sydney, this year’s event series is an international tour celebrating our partner community around the globe. Whether you’re a first-timer or veteran, it’s safe to say you can expect the unexpected. After all, it’s been coined the world’s most beautiful and innovative conference for cloud accounting leaders for a good reason.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Going Concern
AUGUST 22, 2022
Ed. note: Internal email regarding the acquisition sent to Grant Thornton staff included below. This is a developing story. A tipster reached out to us this morning to let us know the rumor mill is churning over Guidehouse potentially picking up GTPS. “This took some people by surprise when they read about it on Fishbowl,” our tipster said.
Xero
AUGUST 22, 2022
In Japanese philosophy, change is represented by the word ‘kai’, and ‘zen’ means ‘for the better’. As we rapidly scale our technology capabilities in the pursuit of becoming the world’s most sustainably excellent engineering company, we know just how important the kaizen approach to continual improvement – small changes, over time – is in how we identify problems, and solve them. .
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.
Patriot Software
AUGUST 22, 2022
Part of being an employer means running payroll. And chances are, you probably have to deal with a few types of payroll deductions, like 401(k) or health insurance, when paying employees. But, what happens when you have to deal with a deduction that you don’t have consent for, like a correction for a payroll error? […] READ MORE.
Accounting Today
AUGUST 22, 2022
Xero
AUGUST 22, 2022
The road to Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) is long and winding, but the end is in sight. From April 2024, sole traders and landlords with a total annual turnover above £10,000 need to use MTD for ITSA compatible software to keep digital records and file returns. We spoke with Alexa Whyatt, Personal Tax Manager and Macauley Brammer, Personal Tax Senior at Best Accountancy Services (Plymouth) Ltd , who have successfully onboarded five clients using Xero’s MTD for
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.
Going Concern
AUGUST 22, 2022
PwC is being sued by a 28-year-old auditor who claims he suffered a serious head injury after attending a work event that involved an “excessive” drinking game of pub golf. The Securities and Exchange Commission is gearing up to fine many of Wall Street’s biggest banks a total of one billion dollars; the banks’ employees are being accused of using Whatsapp and other messaging services in violation of SEC rules.
Intuitive Accountant
AUGUST 22, 2022
See why Freedom Merchants is one of the simplest ways for your clients' businesses to setup credit-card processing and e-check/ACH services.
xendoo
AUGUST 22, 2022
Most business owners understand that they need to keep track of their income and expenses but many get tripped up when figuring out what accounts are debits and credits. By getting a firm grasp on the concept of debits and credits, you’ll have a leg up when it comes to completing your accounting accurately. Debits and credits are used in double entry accounting to ensure that everything balances out at the end of the accounting period.
Advertiser: Paycor
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.
Snyder
AUGUST 22, 2022
The profit and loss statement is one of the three most important financial statements for a business to track profitability, see what impacts profitability, and understand what can be done to improve profitability. While generally, it can be enough to have totals of income, sales, and expenses in the report, having those figures broken down by products, services, or even customers can provide a more in-depth look at what has the biggest influence on the business’s well-being.
FraudFiles
AUGUST 22, 2022
After a fraud investigator is done with her work and has issued the expert report, company management and retained attorneys must decide what to do with the information presented. If the case is already in litigation, the use of the report is obvious. If the company has not yet taken action, a few options should be considered. Internal Discipline. It is natural to want to dismiss an employee as soon as it is apparent that the person has committed a fraud.
Accounting Insight
AUGUST 22, 2022
The Bank of England has increased UK interest rates from 1.25% to 1.75% and has predicted that the UK will fall into recession in Q4 2022. This is the biggest jump in interest rates in 27 years and a sign of the serious state of the UK economy. The Bank of England believes that increasing interest rates should help to curb spending and bring stability to the UK economy.
Canopy Accounting
AUGUST 22, 2022
Is it a gift, a prize, or an award? That’s the question! The IRS would like the taxpayer to receive a prize or an award because that’s taxable income. The taxpayer, on the other hand, would prefer to receive a gift because that isn’t taxable income.
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.
Going Concern
AUGUST 22, 2022
A woman who was arrested earlier today after allegedly shooting three people, killing two of them, in Midtown Atlanta is reportedly a former audit manager at BDO USA. As of 11:40 p.m. ET, police have yet to identify the suspect who, according to the Atlanta Journal-Constitution , was arrested and taken into custody in the international terminal of Hartsfield-Jackson International Airport around 4 p.m.
Dent Moses
AUGUST 22, 2022
President Biden signed the Inflation Reduction Act of 2022 (“IRA”) into law on August 16, 2022. The IRA is a skinny version of the Build Back Better Act, which was passed by the House but failed to pass in the Senate last fall. The 273-page IRA addresses climate, energy, healthcare, taxes, and IRS funding. In this article, we are only covering a few areas that might affect our clients.
Accounting Today
AUGUST 22, 2022
Going Concern
AUGUST 22, 2022
Though some progress has been made in recent years, women continue to be suspiciously absent at the highest levels of public accounting. This fact has been amplified by new research published in Journal of Accounting and Public Policy. “Gender equity in public accounting: Evidence from single audit partner and director engagement leaders” examines vertical segregation in director positions which are an alternative terminal destination to the partnership.
Advertiser: Paycor
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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