Wed.Feb 22, 2023

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Exposure Drafts: It’s Busy Season, But Don’t Be Too Busy For Money

Going Concern

Listen to Oh My Fraud , a podcast by Caleb Newquist and Greg Kyte, and get free CPE through Earmark. The post Exposure Drafts: It’s Busy Season, But Don’t Be Too Busy For Money appeared first on Going Concern.

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Boost Your Financial Performance: Reports Your FP&A Team Needs

Acterys

To deal with economic and market turbulence, businesses must create well-rounded financial plans and monitor business performance against targets regularly. Luckily, the board of directors and C-level executives can rely on the expertise of FP&A professionals. 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.

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Here Are the Top Strategic Priorities for HR Technology in 2023

CPA Practice

The three most important human resources technologies this year are skills management, learning experience platforms and internal talent marketplaces, according to a survey of 138 HR leaders by Gartner. “With a tumultuous global economy, HR technology leaders face a balancing act in 2023,” said Sam Grinter, director in the Gartner HR practice. “Leaders must anticipate greater levels of accountability and demand for measurable outcomes to justify new technology investments.

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Cyber Attacks Expected to Target Accounting Data in 2023

Insightful Accountant

A recent Deloitte Center for Controllership poll shows that 48.8% of C-suite and other executives are preparing for cyber events targeting their organizations’ accounting and financial data.

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Planning Your Restaurants Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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Do you want to hire or replace an existing bookkeeper? 

Basis 365

Do you want to hire or replace an existing bookkeeper ? Either way, you must follow specific steps before and during the hiring process. You can also save money by hiring an outsourced bookkeeper. Here are some things you should check to ensure you are okay with purchasing in the future. Most importantly, we buy products and services that meet our needs and quality standards and are within our budget.

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ChatGPT Has Become a Useful Tool for Job Seekers

CPA Practice

By Kathleen Furore, Tribune Content Agency (TNS) OpenAI’s ChatGPT has received a lot of coverage recently—and the career search arena is one area being impacted by the technology. According to a recent survey from Resume Builder , 46% of job seekers are using ChatGPT to write their resumes and/or cover letters. That made me wonder what tech-savvy people who are looking for new career opportunities should consider before jumping in and using the technology.

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Romance is in the Air—At the Office

CPA Practice

A new survey from the Society for Human Resource Management (SHRM) revealed that more than a quarter (27%) of U.S. workers are currently in a workplace romance or have been in one before—and 57 percent of those workers said their primary motivation for beginning their romance was love, while only 1% said it was job-related. “Considering the amount of time we spend with our colleagues, romances and other relationships are bound to form in the workplace,” the SHRM said.

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The Lowdown on Accounting Process Automation

AccountingDepartment

Notorious for being time-consuming, manual processes consume a lot of time for businesses. This is caused by relying on spreadsheets to handle core accounting functions that could otherwise be completed in seconds or minutes, rather than hours or days. Not to mention every manual process is prone to human error, which could lead to additional costs, delays, and issues.

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Survey Reveals the Danger of Not Following Up with a Job Candidate

CPA Practice

When companies meet with job candidates, a new survey reveals the importance of following up—even if they opt not to hire them. The survey from the business think tank The Conference Board found that 18% of candidates who did not hear back from a company after an interview took a negative action toward that organization, including declining to recommend it to others or leaving a bad review.

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A personal note from Xero’s new CEO

Xero

I wanted to take a moment to say hello to you, and thank you for being a Xero customer! I recently stepped into the new role as Xero’s CEO, and it’s a privilege to serve all of you – our Xero team, our investors, and all the communities of which we are a part. Xero is a special company with the potential to contribute even more to your journey as small businesses, advisors and partners, and I look forward to getting started.

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How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

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Why You Should Outsource Your Engineering Firm's Back Office

GrowthForceBlog

8 min read You wouldn't expect an accountant to design their own office complex, and, for similar reasons, we wouldn't expect an engineer to handle 100% of their business's accounting and bookkeeping.

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Azure Data Factory: Reduce Your ETL Service Costs With Microsoft’s Data Transformation Solution

Withum

We recently had the opportunity to help a not-for-profit client reduce their extract, transform and load (ETL service) costs by 95% by moving from a subscription-based cloud platform model to Azure Data Factory. The client had a looming contract deadline and was under an expensive agreement that was about to increase even more. With Azure’s pay-as-you-go model, the client could leverage the ability to “right-size” their usage to ensure that costs scale appropriately with the volume of their busi

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Rhode Island TCI: Your Questions About the Ocean State’s Paid Family Leave Program Answered

Patriot Software

In 1942, Rhode Island was the first state to offer Temporary Disability Insurance (TDI) benefits to employees. Following the success of this program, Rhode Island created the Temporary Caregiver Insurance (TCI) program in 2013. Rhode Island TCI offers qualifying employees paid leave to care for their loved ones in certain situations.

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Your Guide to 2022 R&D Tax Credits

Shay CPA

As a startup founder, you’re trying to keep as much money inside your business as possible. If you’re not capitalizing on the federal research tax credit — commonly called the R&D tax credit — you could be missing out in a major way here. This credit lets you reduce your tax liability. The amount you can slash from what you owe depends on how much money you’re spending on research and experimentation, and where, exactly, that money goes.

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No-Code Technology: The Key to Unlock the Future of Your Business

Global economies are reeling from recent upheavals—pandemic aftershocks, geopolitical conflicts, and a tech sector crunch. Mark Zuckerberg's 2023 "Year of Efficiency" ethos extends into 2024, with leaders seeking cost reductions without stunting growth. No-code technology emerges as a beacon of hope, fostering resilience and adaptability. Platforms like Make.com and Zapier empower even non-technical staff to automate and innovate, freeing IT for strategic tasks.

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What has a SORP Update Bulletin ever done for us?

Menzies

Menzies LLP - A leading chartered accountancy firm. Users of the Charity SORP should be aware that the SORP Committee has issued “SORP Update Bulletin 2”. But what is an “Update Bulletin”? The SORP is based on FRS102, and so when there is a significant change to FRS 102, the SORP needs to be updated and this is not done by re-issuing the SORP but by issuing an “Update Bulletin”, incorporating the FRS102 changes and anything else deemed appropriate.

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Patriot Software Supports Large Companies up to 500 Employees 

Patriot Software

Canton, OH Patriot Software, an accounting and payroll software company, has announced its online payroll—including both Basic and Full Service products—will now support companies with up to 500 employees. Small, medium, and now large employers can run payroll using Patriot’s simple three-step process.

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A day in the life of an Audit Junior

Menzies

Menzies LLP - A leading chartered accountancy firm. JENSON, AUDIT JUNIOR I graduated from the University of Portsmouth in 2021 with a 2:1 in Accounting with Finance. I joined Menzies this year as an Audit Junior, after working for a different accounting firm previously. I was aware of the company from a family member and was looking for a role where there was more focus on training towards a professional qualification.

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Deducting Travel Expenses for Your Skagit County Business This Year

SkagitCountyTaxServices

Who can believe that it’ll be one year this week since the war in Ukraine began. Unfortunately, it doesn’t seem like there’s an end in sight — a heavy realization for those caught in the crosshairs of it all… Looking back to last February, I can say it’s been a tough year for businesses as well. Supply chains were already interrupted and production was slow (a big obstacle for businesses everywhere).

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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A day in the life of an Audit Senior

Menzies

Menzies LLP - A leading chartered accountancy firm. HONOR, AUDIT SENIOR I graduated from the University of Portsmouth in 2020 after achieving a First in Accounting with Finance. I was looking for a role where I could work in an accounting firm whilst studying towards the ACA qualification and joined in the September after graduating. Menzies were local to me who offered this, and they stood out to me during my research and application process.

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Find Success with the 4-Day Work Week with Morgan Witham

Summit CPA

The Virtual CPA Success Show: Episode 74 In this episode, our host, Jamie Nau, Summit CPA's Director of Virtual CFO, and Jody Grunden, Partner at Anders CPAs + Advisors, discuss the 4-day work week with Morgan Witham, CEO of COLAB , and how she implemented it with her team and is finding success.

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More than mathematics: Dext survey reveals majority of accountants and bookkeepers are lateral thinkers

Accounting Insight

61% of respondents approach problem solving creatively, compared to 36% who prioritise logic Over a quarter of accountants don’t think A-Level mathematics is necessary for an accounting career 61% of accountants and bookkeepers consider themselves lateral thinkers, meaning they approach problem solving with a creative approach. That’s according to new data from cloud pre-accounting platform Dext , which surveyed 250 accountants and bookkeepers to evaluate the three modes of thinking in the a

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Welcoming (and Embracing) the Digital Age

Insightful Accountant

Fyle's Rahul Radhakrishnan on why accounting firms need to consider digital transformation in 2023.

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.

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When not-for-profit accounting meets NFP law

Accounting for Good

The post When not-for-profit accounting meets NFP law first appeared on ACCOUNTING FOR GOOD.

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Surcharging with Lockstep Receivables

Lockstep

Lockstep Receivables customers now have access to surcharging through payments partner InterPayments. For customers using Fortis, Repay, and Authorize.net, surcharging is a viable option. Using Lockstep Self Service, your client can opt-in to pay with a credit card or by ACH. For credit card payments, a modest surcharge covering the cost of the transaction processing fee and Interpayments fees will be added.

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What Is ASC 606, and How Will It Impact My Company?

inDinero Tax Tips

For an executive or business owner, keeping up to date with accounting regulations is low on the to-do list. However, you should make an exception for “Accounting Standards Codification Topic 606: Revenue from Contracts with Customer” often referred to as ‘ASC 606’ or ‘FASB ASC 606’ What Is ASC 606? Developed by the International Accounting Standards Board (IASB), ASC 606 establishes new rules for recognizing revenue in contracts with customers.

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Utah Accounting Firm and Dudes Who Work There Busted For ERC Fraud

Going Concern

BUSTED. Get it? The report from KSL-TV in Salt Lake City we are about to share with you refers to a Department of Justice news release but we weren’t able to find one so we’re going to have to go off the TV station story. TL;DR Two guys and their accounting firm are accused of filing false tax returns and a touch of COVID relief fraud. Read: A federal grand jury returned an indictment on Feb. 1 charging two Utah County men and an accounting firm with claiming an excess of $11 million

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Join the Instant Payment Revolution: Read 7 Must-Know Facts for Small Businesses

Technology evolves at lightning speed, and as finance keeps changing, instant payments emerge as a game-changer for small businesses. By 2030, instant payments are projected to surge by 289% and will become the new norm in financial transactions. Our whitepaper reveals seven must-know facts about instant payments, offering to help you navigate this financial revolution effectively.

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Accounting Cybersecurity: Common Cyber Threats for Accountants and How to Avoid Them

Snyder

Moving away from a paper-based office has been welcomed by accountants worldwide. Working online has allowed accountants to take on more clients, save hours of time every day, automate many of the repetitive tasks, and enjoy unprecedented freedom that comes with having a digital office. However, there’s a price to pay – it all comes down to accounting cybersecurity, or, in broader terms, making sure that your clients’ data is well-protected from cyber-threats, such as personal data theft, ident

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Accountancy firm Ad Valorem strengthens operations with IRIS Software Group partnership

Accounting Insight

Ad Valorem, the award-winning accountancy firm is today announcing it is partnering with IRIS Software Group (IRIS) to minimise admin, make business processes more efficient and improve client communications. Over the coming months, Ad Valorem will implement an array of IRIS’ accountancy software solutions including modules from IRIS Elements cloud platform to support its entire suite of services, from accounts production to specialist tax reliefs.

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What Is ASC 606, and How Will It Impact My Company?

inDinero Tax Tips

For an executive or business owner, keeping up to date with accounting regulations is low on the to-do list. However, you should make an exception for “Accounting Standards Codification Topic 606: Revenue from Contracts with Customer” often referred to as ‘ASC 606’ or ‘FASB ASC 606’ What Is ASC 606? Developed by the International Accounting Standards Board (IASB), ASC 606 establishes new rules for recognizing revenue in contracts with customers.