Accounting June 30, 2023
IASB Seeks Input for Review of Accounting Standard on Revenue
The accounting standard was developed jointly with the U.S. Financial Accounting Standards Board and came into effect in 2018.
June 30, 2023
Inflation Eases But Economy “Losing Steam”
The Federal Reserve’s preferred measures of U.S. inflation cooled in May and consumer spending stagnated, suggesting the economy’s main engine is starting to lose some momentum.
Payroll June 30, 2023
Supreme Court Strikes Down Student Loan Forgiveness Plan
About 26 million borrowers applied for relief. If put into effect, the program is projected to cost more than $400 billion.
Payroll June 29, 2023
U.S. Employers Expect 4% Payroll Increases in 2024
Though down from the actual increase of 4.4% in 2023, the numbers remain higher than the 3.1% salary increase budget in 2021 and years prior.
Accounting June 29, 2023
Ledgible Launches NFT Suite – NFT Management, Portfolio Tracking, & Accounting Software for NFTs
This new offering seeks to bolster the growing and thriving NFT space, providing industry-leading tax and accounting software for NFTs and a full-service portfolio and tracking tool.
Accounting June 29, 2023
Salesforce Expands Net Zero Cloud with ESG Report-Building Feature
The latest addition to Net Zero Cloud, this new feature empowers organizations to automate the disclosure of environmental, social, and governance (ESG) data.
Payroll June 26, 2023
Job Market Tilts Toward Employers
The balance of power in the jobs market is slowly tilting back toward employers as companies become choosier with their hires and workers turn more cautious about quitting.
Payroll June 23, 2023
Men are Returning to the Office Faster than Women, Says Study
Men are giving up remote work and returning to offices in the U.S. faster than women, according to new government data.
Accounting June 23, 2023
Fed Chairman Says One or Two Interest Rate Hikes Maybe Be Necessary in 2023
Federal Reserve Chair Jerome Powell said returning U.S. inflation to 2% is crucial to support the long-term health of the U.S. economy, and that more interest-rate increases may be needed this year.
Accounting June 22, 2023
Vic.ai Launches Intelligent PO Matching, a Step Forward in Autonomous Finance
This release is the latest in Vic.ai’s end-to-end invoice processing solution, which uses AI to automate manually intensive AP tasks and elevate finance and accounting teams.
Payroll June 22, 2023
Most Americans Uncomfortable with Emergency Savings
Just 43% of Americans say they are comfortable with the level of emergency savings they currently have, including 28% who are somewhat comfortable and 15% who are very comfortable.
Accounting June 21, 2023
The Increased Urgency of a Modern Accounts Receivable Function
By streamlining payment processes, reducing administrative costs and gaining insights through enhanced visibility, businesses can enhance financial stability and liquidity.