AI-curated news for your industry

Gregory V. Milano writes on the CFO website, exploring how private enterprises understand and apply the concept of shareholder value. He advocates a balanced perspective, avoiding short-sightedness. This article outlines his arguments and opens discussion.

This article explains how to use Data Nucleus to connect Power BI reports or models to Xero data, and includes a link to a video tutorial to help users improve their accounting and financial reporting.

An investor invested in qualified small business stock in January 2010 and now intends to sell it, applying the 75% exclusion treatment; meanwhile, in the current year, a loss is incurred from selling small business stock purchased three years ago. This article explains how to net the gain and loss, and emphasizes the need to follow specific tax law rules.

From its founding in 2014 to its acquisition by Walmart in 2016, Jet.com reached a valuation of $3 billion within two years, and the transparent culture advocated by its founder Marc Lore sparked widespread discussion. Based on a Business Insider report, this article analyzes practical cases of transparent culture, the degree of adoption across different industries, and the reasons why companies might reject this philosophy.

A user who has used QuickBooks Enterprise for many years, while also using Connectwise as the primary tool for customer management, invoicing, and inventory management, found that after batch-syncing inventory transactions to QuickBooks, the inventory balance did not match Connectwise, with the discrepancy typically growing to about $100,000 (out of total inventory of $350,000). The user asks whether batch syncing is the industry standard, or whether most companies (with annual sales of $15 million) use monthly journal entries. The user is more concerned about the accuracy of the month-end balance sheet than the inventory figures in QuickBooks.

This article analyzes whether interest income from U.S. Treasury bonds held by foreign (non-U.S.) enterprises is subject to U.S. federal income tax, and discusses the possibility of U.S. Treasury withholding tax and the conditions under which enterprises can apply for tax refunds.

This article documents a question raised during a webinar: How much time do SMEs invest on average each month in forecasting and budget execution reports? The author hopes to gather industry feedback to help better plan financial workflows.

An investor opened an IRA account at Vanguard in 2001, intending it to be a Roth IRA, but it was actually set up as a traditional IRA. Contributions over the years did not exceed limits, but now they face tax issues upon withdrawal. This article outlines feasible correction paths, including contacting the custodian, filing relevant tax forms, and seeking professional help when necessary.

This article addresses a practical issue faced by a private company regarding the classification of bank loans into short-term and long-term debt in its financial statements. The company, based on the bank's agreed repayment amounts, classifies the entire remaining debt as short-term in the final year of the loan and adjusts the actual amount owed accordingly. The article presents this treatment and invites peers to share different experiences.

QuickBooks Online (QBO) users face the issue that cross-account transfers cannot be directly assigned a category. When rent is mistakenly deposited into checking account A, but should be deposited into account B used for property management, the user needs to classify this transfer under the rental income of a specific property while ensuring the balances of both accounts are correct. This article provides a journal entry approach to resolve this dilemma.