Budgets

The convergence of machine learning, generative AI and autonomous sourcing gives organizations the ability to realize most of the ZBB ideal.

The U.S. government recorded a higher surplus for the month of April thanks to a rise in tax receipts, while steeper debt-servicing costs impose a major drag.

The debt ceiling agreement included a side deal that would allow $70 billion in accounting moves to spare agencies most cuts, though $20 billion in cuts to IRS funds may be accelerated.

The 9th Annual Accounting Firm Operations and Technology Survey will remain open through September 1.

Recent data says that companies spent significantly more on software over the past year, with finance departments' spending in particular seeing major spikes.

Shrinking revenues make it harder for the Treasury to stay within the federal debt limit, which the department hit in January.

Plus Quadient launches AI-based cash application module; Metapraxis launches budgeting platform; and other accounting tech news.

The Treasury Secretary defended the extra investment in the IRS, arguing it is already paying off and that taxpayers are getting "drastically improved customer service this year."

An important factor in building and maintaining a profitable business is using an accurate budget.

Financial forecasting plays a pivotal role in the success of a business. That's why it's important to avoid missteps in creating this vital report.