Flexi’s powerful accounting software was built to simplify the complex processes that accountants face every day. Flexi understands how stressful the period close is, how complicated multi-entity books can be, and how frustrating audits are when accurate reporting is not easily available. A laser focus on finance and accounting software has enabled the Flexi team…
Democrats have introduced a bill to extend the tax-filing deadline by 5 weeks, to May 20, to provide taxpayers more time to file following the January partial government shutdown. There is lingering uncertainty in the air over significant changes to the tax code and tax forms in the wake of the Tax Cuts and Jobs…
CFOs are often responsible for selecting the technology tools their greater company uses to get the job done efficiently and correctly. As technology is changing, it is important to get a pulse on how CFOs are using their technology tools in the present and what their future plans are. AccountingToday interviewed CFOs and other financial…
While trading has become increasingly popular in recent years thanks to the advent of the internet, crypto trading continues to face multiple challenges that make it unappealing to investors. Many believe it’s as straightforward as buying stocks on Fidelity or ETrade, but there are many differences that set up a number of challenges. These challenges…
White label accounting software is an excellent choice for startups and small to midsize businesses. Small business owners report spending, on average, over 80 hours a year on business accounting, and the time spent can quickly spin out of control when dealing with complex accounting issues. Fortunately, outsourcing to a white label accounting software partner…
Cloud accounting software is making big waves in the accounting sphere. Cloud software is not only cost-effective and highly accessible, but it’s making data as accessible as ever. Cloud software can be accessed from any device with an internet connection, at any time of day, by any user. Gone are the days of installing costly…
Starting next year, public companies will be required to report operating leases as liabilities. Under this new rule by the Financial Accounting Standard Board, companies will be required to add to their books the debt-like obligations they incur to lease real estate, office equipment, airplanes, and more. The Wall Street Journal estimates $3.3 trillion in…
A full financial audit of the Pentagon was conducted and the results showed a failing grade. Auditors requested that various financial irregularities be addressed. Since the release of the audit results in November 2018, the press has been buzzing about the U.S. military’s assets, which are valued at $2.7 trillion. Over 600 locations were visited…
Artificial intelligence (AI) and automation are making their way to accounting, just as they are permeating all other industries. AI is getting stronger and smarter as technology evolves, becoming not just an automator but also a smart technology that can learn and draw conclusions in real time. As AI continues to advance, many fear it….
As the highly regulated cannabis industry grows, a call for strong, skilled, and experienced financial professionals is growing with it. But, many big accounting firms are still shying away from the industry as it presents unfamiliarity and risk. For the right professional, the cannabis space is booming with opportunity. What’s complicated about cannabis Compliance is…
Bots are a tool that makes it easy to engage with clients, leverage your brand, and quickly address client concerns at speeds and quantities that would be impossible for humans alone. Some bots–chatbots–communicate with users through an instant messaging platform, but bots can perform a number of functions, including robotic bookkeeping. Bots are yet another…
The insurance industry is a heavily regulated industry that requires assurance and compliance that only the best accounting software companies can provide. If you work in the insurance industry, you should be well-versed in the unique struggles you face–and you should seek insurance accounting software that helps you do your job better. Here are five…