Studies Reinforce Growing Requirements for Automated Accounting and Finance Systems
Recent studies by the Controllers Council and Trintech, a leading global provider of financial close solutions, identified that changing business environments fueled by the pandemic, remote workforces and other factors have exposed weaknesses in finance and accounting...
What Finance Executives Need to Know About Cryptocurrency for Payments
Cryptocurrency has had a dramatic impact on the financial world. More than a mere novelty, cryptocurrency can now be traded for a profit, as well as used to purchase goods or services just like any other form of currency. If your company accepts cryptocurrency...
A Controller’s Guide to the Wayfair Decision
Although it’s been three years since the Supreme Court of the United States issued its landmark opinion on South Dakota v. Wayfair, Inc. (June 21, 2018), some businesses continue to underestimate the impact of the decision. That’s a gamble that won’t pay off for long....
Upcoming U.S. Federal Tax Changes that Finance Executives Should Know
Federal tax changes have the potential to make a significant impact on U.S. businesses. Finance executives and other personnel should be familiar with these upcoming changes so that they can be prepared and plan to adapt. In this article, we’ll cover some of the...
About U.S. Corporate Depreciation and Amortization
Understanding depreciation and amortization is crucial when calculating business deductions. These deductions adhere to guidelines set by U.S. law. Financial officers must understand how to navigate these regulations in order to manage their company’s finances. ...
2021 Post-COVID Business Trends for Finance
Even though COVID restrictions are lifting, many businesses are realizing that “the new normal” is here to stay. How has the financial world been impacted by these changes? In this article, we’ll cover some of the most significant post-COVID business trends, and...
What Controllers and CFOs Need to Know About Blockchain
Cryptocurrencies have changed the international financial system in ways nothing else has. They have gained mainstream popularity in recent times. The rise in popularity is because of the features of these virtual currencies. Firstly, they are decentralized and...
A Controller’s Guide to Cybersecurity
Cyber threats are multiplying, and businesses are the major targets. Statistically, small business are more likely to get attacked. 43% of all cyber threats are targeted on small businesses. This is not white noise. There have been certified reports of businesses...
2021 Midyear Sales Tax Changes: Highlights and Insights
Keeping a finger on the pulse of relevant tax changes is one of the key responsibilities of accounting and finance professionals, and it’s a big job. During the first half of 2021, there were the requisite sales tax rate changes, as always, but there were also several...
Managed Services for Accounting/Finance Technology Platforms
The United States is home to some of the world’s largest accounting firms, but it’s also home to a sizable number of smaller firms, most of which are regarded as small businesses. Many of these small firms can’t compete with the technological innovations of larger...
Record-to-Report: All You Need to Know
Data is gold. Businesses thrive on the power of numbers because data helps managers and business owners to know what works, how it works, and ways to improve. However, raw data serves a limited purpose. To become useful, data has to be refined into usable...
Outsourced Accounting vs. Staffing: Everything You Need to Know
Today’s businesses are facing growing challenges as they seek to comply with government regulations and meet the public’s demand for greater transparency. As a result, many businesses find themselves juggling accounting, tax preparation, internal auditing, and risk...
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