CPA Practice

APRIL 30, 2024

When you incorporate predictive analytics, generative AI and other advanced technologies into everyday workflows at your CPA firm, you are taking on much more than a technology upgrade. They can then act on that information, alerting clients to potential financial discrepancies before they can evolve into larger issues.

Technology 52

Technology CPA cpa firm accounting and finance 52

ThomsonReuters

DECEMBER 5, 2022

That’s the promise of automation. How can automation help your firm achieve more? . What is automation, and what are its benefits for tax and accounting professionals? Automation promises to help professionals achieve that. Additionally, automation helps firms: . Updating financial data .

Technology 59

Technology Tax financial statements cpa firm 59

Accounting Seed

MAY 15, 2023

With all this technology at your fingertips, it can be overwhelming to outline and execute a full plan towards digital transformation, especially if IT systems management isn’t your day job. This allows CRMIT to use the same General Ledger accounts for all the regions they operate in and generate consolidated statements easily.

Technology 98

Technology Account accountant accounted 98

CPA Practice

JANUARY 17, 2024

By Ane Ohm, LeaseCrunch As we step into 2024, it’s crystal clear: leveraging technology and software is an absolute must for any organization eyeing substantial growth. The Importance of Automation ASC 842 and GASB 87/96 necessitate seamless collaboration across CPA firms and their clients.

Technology 59

Technology Account accountant accounted 59

CPA Practice

APRIL 7, 2023

Nearly every financial decision is tied to a financial report, and with many deadlines approaching for annual and quarterly financial statement filings, there’s a pressing need for audited financial statements. Technology also gives staff real-time access to their data, from anywhere at any time.

accounting firms 139

accounting firms CPA Technology Account 139

CPA Practice

APRIL 3, 2023

Nearly every financial decision is tied to a financial report, and with many deadlines approaching for annual and quarterly financial statement filings, there’s a pressing need for audited financial statements. Technology also gives staff real-time access to their data, from anywhere at any time.

accounting firms 135

accounting firms CPA Technology Account 135

Basis 365

JULY 28, 2023

Companies building tech products are at the forefront of innovation in today's fast-paced and ever-changing technological landscape. Effectively managing financial records and complying with intricate regulatory standards are paramount for their sustained growth and success.

Technology 52

Technology Account accountant accounted 52

ThomsonReuters

SEPTEMBER 19, 2023

But, if we think back to several years ago, tax software solutions that streamlined an accountant’s workflow begged the same question: will technology replace my job? Automation of repetitive tasks. The breadth of these data sets can range from financial statements and reports to emails and even social media content.

Technology 52

Technology Tax tax preparation tax return 52

ThomsonReuters

OCTOBER 24, 2023

One of the biggest challenges facing the the tax profession today is the increasing amount of data that must be processed to prepare financial statements. With the right technologies in place, they can improve efficiencies, mitigate risk, better serve internal stakeholders, and ultimately drive greater profitability.

Technology 52

Technology Tax corporation tax accounting and finance 52

Cherry Bekaert

MAY 11, 2023

Protecting Your Start-up Begins With Understanding Your Business’s Risks Technology companies in the start-up stage have a seemingly never-ending list of to-dos to ensure business success. So, what can early-stage technology companies do now to protect themselves for the future?

Technology 98

Technology Non-Profits payroll tax payroll 98

CPA Practice

APRIL 20, 2023

Please ensure you have checked out these AI podcasts and our podcast discussions of various other products at The Technology Lab. Further, your technology stack should include AI for all the right reasons in all the right places. What Are the AI Trends That Can Affect Your Practice and Tech Stack?

Technology 124

Technology cpa firm CPA quickbooks 124

ThomsonReuters

AUGUST 2, 2022

Even as accounting firms emerge from the COVID-19 pandemic with a new appreciation for technology’s ability to enable remote work and seamless collaboration, a new challenge has surfaced. Increasing productivity with tax technology. So, how can tax technology boost the agility of your firm?

Technology 98

Technology Tax Non-Profits tax preparation 98

CPA Practice

SEPTEMBER 28, 2023

Transcript (Note: There may be typos due to automated transcription errors. Randy Johnston 00:04 Welcome to the Technology Lab. Tankersley, CPA.CITP, CGMA 02:11 You know, I think that just like we’ve seen a lot of technology automation that’s come out for tax people. Use the podcast player below to listen.

Technology 52

Technology accounting software general ledger Account 52

ThomsonReuters

MARCH 16, 2023

T he modern auditor must bridge the gap between business insights and innovative technology. While f inancial audits usually analyze the financial statements of an entity, they may also target more specific areas like tax records. What technology is used in an audit? The intended result is recommendations for improvement.

Technology 59

Technology audit auditor Maine 59

Menzies

SEPTEMBER 7, 2023

With technology’s fast-paced and rapidly evolving landscape, financial forecasting can prove challenging for many tech companies. What’s more, advancements in technology and changes in consumer preferences can drastically disrupt the market, making it difficult to predict future trends and revenue streams.

Technology 59

Technology chartered accountant accounting software Tax 59

Going Concern

FEBRUARY 27, 2023

“IRS tech is so ‘archaic’ the agency struggles to find people to work it” from The Washington Post : The Internal Revenue Service, which funds nearly everything the federal government does, uses information technology that is creaking with old age. Yet that is what the IRS deals with every day.” Go forth and account.

Technology 104

Technology Account accountant accounted 104

Accounting Insight

NOVEMBER 29, 2022

Accounts payable automation, also known as AP automation or invoicing automation, is the process of automating accounts payable processes and activities while collecting the critical data required to make smart decisions, improve efficiency, and grow your business. Reconciling bank statements. As real-time?

Accounts Payable Automation 52

Accounts Payable Automation accounts payable Technology accounting firms 52

ThomsonReuters

APRIL 30, 2024

Auditors rely on data review to ensure the reliability and integrity of financial statements. This is where technology can help. Let’s take a closer look at the importance of accuracy and completeness in audit data review and how leveraging technology can enhance audit quality , efficiency, and effectiveness.

auditor 52

auditor audit Technology financial statements 52

Shay CPA

APRIL 26, 2023

When compared to traditional small businesses, early-stage technology startups have nuances that they need to consider when putting together their financial statements and chart of accounts. Often, I find that entrepreneurs have used a financial model to assist them in their fundraising efforts.

Technology 52

Technology E-commerce Account accountant 52

Withum

MAY 17, 2022

The technology industry is a fast-paced, dynamic environment that requires you to continuously focus on your business operations in a highly competitive market saturated with innovation, disruption, data privacy considerations and even ethical issues. Your accounting team will need ample time to produce these statements. Going public?

Technology 52

Technology audit accounting and finance payroll tax 52

ThomsonReuters

APRIL 30, 2024

Jump to: The role of emotional intelligence (EQ) in client relationships The evolution of client service in accounting firms Leveraging technology for enhanced client service Forward-looking accountants are increasingly realizing the importance of harmonizing technical tax expertise with interpersonal relationship skills. Automation.

Technology 52

Technology accounting firms financial statements Tax 52

MyIRSRelief

APRIL 29, 2024

These firms understand the unique challenges faced by LA’s diverse entrepreneurial landscape, from tech startups in Venice Beach to established family-run restaurants in Koreatown. Technology and Innovation: LA’s tech scene is booming, with startups and established companies developing cutting-edge solutions.

Tax 130

Tax bookkeeping Account accountant 130

Going Concern

MARCH 29, 2023

note: I asked ChatGPT to write about automation in accounting from the perspective of an accountant losing his or her job to AI. As an accountant, I have always known that my job was at risk of being automated. As an accountant, I have always known that my job was at risk of being automated. Here’s what it said.

accounting jobs 119

accounting jobs accountant jobs accounts jobs Account 119

Going Concern

JANUARY 20, 2023

“If you just read the headlines around what’s going on, you might think, there’s all kinds of people who know technology out there,” Carmine Di Sibio told Bloomberg in an interview at the World Economic Forum in Davos. But that doesn’t appear to be the case. NJ Accountant Pleads Guilty in $1.3

auditor 96

auditor Technology audit financial statements 96

ThomsonReuters

JANUARY 8, 2024

Automation of routine tasks One of the most significant ways AI has revolutionized the tax and accounting profession is through the automation of routine tasks. However, with the advent of AI-powered software, these tasks can now be automated, freeing up valuable time for professionals to focus on higher-value activities.

Tax 101

Tax Account accountant accounted 101

CPA Practice

DECEMBER 19, 2023

This guide aims to demystify AI for small accounting firms, providing actionable insights into adopting this transformative technology to enhance efficiency, accuracy and value in your services. It’s about leveraging technology to amplify the capabilities and productivity of your accountants and staff.

accounting firms 124

accounting firms Account accountant accounted 124

Going Concern

FEBRUARY 24, 2023

There is an added challenge in the Seattle area, where firms must also compete with big tech companies like Amazon and Microsoft. It’s part of a larger trend of accounting firms trying to find young talent as the industry wrestles with staffing shortages.

Technology 104

Technology audit Healthcare auditor 104

ThomsonReuters

APRIL 5, 2024

This helps mitigate potential risks, optimize tax strategies, and enhance overall financial performance. Furthermore, interim tax reporting contributes to the accuracy and reliability of financial statements. This process enhances the clarity of the reporting and facilitates easy auditing.

Tax 68

Tax income tax financial statements accounting standards 68

CPA Practice

JULY 9, 2023

the developer of the award-winning cloud-based audit automation platform, has announced aquired Advantage Audit from John Wiley & Sons, Inc. Tailored specifically for accounting professionals, this technology assists users across all attest areas. AuditFile, Inc.,

audit 111

audit auditor Technology financial statements 111

Cherry Bekaert

MARCH 22, 2024

No matter your industry, organizations must automate and streamline core financial management functions. Combining the strength of Cherry Bekaert’s capabilities and Sage Intacct, you can propel your organization to new heights by enabling modern, financial cloud-based technology solutions.

general ledger 115

general ledger accounts payable Technology accounting and finance 115

KROST

JULY 15, 2021

The Technology Issue highlights some of the hot topics in the technology industry including Client Accounting Services (CAS), Nonfungible Tokens, the Effect of Upcoming Changes to IRC Section 174 on the Software Development Industry, and more. KROST’s Technology Team: Industry Group Leader – Paren Knadjian, Practice Leader.

Technology 52

Technology CPA Real Estate accounting and finance 52

CPA Practice

APRIL 9, 2024

This type of malware poses a severe risk to CPA firms, often starting as a dripping leak but becoming a gushing waterfall, as it can enable unauthorized access to sensitive client data, including tax returns, financial statements, and personal information. These updates often include patches for security vulnerabilities.

cpas 118

cpas Tax cpa firm tax return 118

CPA Practice

DECEMBER 11, 2023

A Top Technology Initiative Article – Dec. As we enter 2024, it’s natural to wonder what the future holds for this transformative emerging technology, especially for accountants. As we enter 2024, it’s natural to wonder what the future holds for this transformative emerging technology, especially for accountants.

Technology 124

Technology audit E-commerce accounting principles 124

CPA Practice

AUGUST 17, 2023

With the rise of generative artificial intelligence (AI), including ChatGPT, the accounting industry, like many others, is abuzz with talk about how the technology will redefine the future of the profession. However, there’s often confusion around where and how automation can be leveraged and what it means to existing roles.

Account 98

Account accountant accounted Technology 98

CPA Practice

OCTOBER 23, 2023

Time saved on financial processes and reporting One way to easily show value to clients is to show how much time is being saved on administrative-level work by implementing new technologies, with AI capabilities. Firms can use technology to help automate financial processes and reporting.

Technology 115

Technology audit Expense Management CPA 115

CPA Practice

FEBRUARY 23, 2024

Amid technological advancements, the audit professional’s role, characterized by a deep attention to detail, compliance and risk management, is proving to be vital well outside the traditional confines of finance. Auditors’ proficiency in validating data ensures the reliability and accuracy of financial information. By Nate Varel.

audit 114

audit auditor accounting and finance Technology 114

ThomsonReuters

MAY 16, 2024

Consider these benefits: Data entry automation. Generative AI systems can automate data entry tasks by extracting information from various documents, such as invoices and receipts. Generative AI models have the potential to automatically generate financial reports, invoices, or other accounting documents. Fraud detection.

Tax 52

Tax Account accountant accounted 52