PYMNTS

OCTOBER 28, 2019

The Big Four auditing firms — EY, Deloitte, KPMG and PwC — have recently requested that the Financial Accounting Standards Board (FASB) provide clarity in how corporates should classify their reverse factoring or supply chain financing agreements, adding more fuel to a long-standing debate as to whether such trade financing tools are debt.

B2B 40

B2B Accounting Standards Finance Invoicing 40

PYMNTS

JANUARY 2, 2020

Several high-profile corporate collapses and initiatives from corporate accounting standard-setters have raised questions about businesses’ use of supply chain finance and whether the trade finance tool prevents investors and auditors from gaining a transparent view into company finances.

Auditing 52

Auditing Corporate Finance Finance Invoicing 52

Bramasol

FEBRUARY 13, 2023

Compliance: The adoption of ASC 606 and IRFS 15 accounting standards for revenue recognition introduced new requirements for SaaS companies, particularly around the allocation of revenues and the recognition of variable consideration.

SAP 79

SAP Compliance Leverage Accounting Standards 79

The Charity CFO

NOVEMBER 30, 2023

During the audit, you’ll generally be asked to show: Receipts for purchases Invoices and revenue records Donation records Payroll and other recurring expense reports Supporting documents related to finances With all of the records required, it can be easy to make a mistake.

Nonprofit 52

Nonprofit Auditing Compliance Education 52

PYMNTS

AUGUST 1, 2018

Also known as reverse factoring, supply chain financing enables businesses to sell unpaid invoices once they are approved by a corporate buyer. Corporate buyers then have more time to pay those invoices, while suppliers get financed more quickly. Defunct U.K. A survey of 337 U.S.

Finance 40

Finance Mergers and Acquisitions (M&A) Invoicing Accounting Standards 40

The Charity CFO

NOVEMBER 10, 2022

As a result, the organization might not adhere to Generally Accepted Accounting Principles (GAAP), which can trip them up come tax time or during an audit. Governance issues, tight regulations, and high public accountability standards mean strong accounting practices are more important than ever. Saves time and money.

Nonprofit 52

Nonprofit Accounting Auditing GAAP 52

PYMNTS

MAY 17, 2018

A few key themes emerged from the fallout, however, with analysts citing Carillion as a prime example of how a consolidated auditing market risks lackluster accounting standards, as well as how late payments by large corporates can have detrimental impacts on small suppliers. Both topics, however, have captured headlines for some time.

Auditing 40

Auditing Accounting Standards Construction Accounting 40

BlueLight

JULY 30, 2020

Billing and invoicing software: Bill.com ?—?Cloud-based For example, QuickBooks is known for its accounting capability but it also offers limited functionality for generating quotes and invoicing. The new accounting standards aim for international alignment on how companies recognize revenue from contracts with customers.

CFO 52

CFO Financial Planning and Analysis (FP&A) Strategic Planning Startups 52

The Finance Weekly

APRIL 28, 2024

Quickbooks Online Overview QuickBooks Online is an accounting software that lets companies, big or small, handle finances from anywhere with an internet connection. With pre-built compliance safeguarding and meeting accounting standards including audit trials and access controls.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Invoicing Budgeting Finance 52

PYMNTS

MARCH 7, 2016

Much has been made about the use of technology between businesses paying other businesses and the way software can boost sales in the field and invoice management. GAAP and international accounting standards, is another boon to efficiency, said Bres.

GAAP 40

GAAP Profit and Loss Invoicing Accounting Standards 40

CFO Talks

DECEMBER 26, 2021

So a lot of invoices, accounts payable, accounts receivable, cash flow management, treasury working with procurements, so really the back office function at Anheuser-Busch, really pushing, making sure that everything works efficiently. So a lot of it was leading back office finance for the company.

Manufacturing 75

Manufacturing CFO IFRS Budgeting 75