Thu.Apr 18, 2024

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Accountants feel more upbeat about global economy

Accounting Today

Accounting and finance professionals are expressing greater confidence about the world economy this year, according to a new survey.

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The ADC Team Attends the 2024 EOS Conference

Accounting Department

Last week, the AccountingDepartment.com team attended the 2024 Entrepreneurial Operating System (EOS) Conference in San Diego, CA.

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Poor cash flow can sink any business

Accounting Today

If an enterprise doesn't accurately measure and manage cash flow effectively, it won't be able to make sound financial decisions for the future.

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8 Accounts Payable Trends to Watch

Cevinio

How AI and RPA Are Transforming Accounts Payable Processes in the Year Ahead Introducing Our Whitepaper: “8 Accounts Payable Trends to Watch” In the dynamic landscape of financial operations, staying ahead means understanding the evolving trends shaping the future of Accounts Payable (AP). Our latest whitepaper delves into “8 Accounts Payable Trends to Watch: How AI and Robotics Are Transforming Accounts Payable Processes in the Year Ahead.” As businesses navigate through

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Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

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Tax Fraud Blotter: Severe and widespread

Accounting Today

Speedy decision; trouble in paradise; diplomatic imbecility; and other highlights of recent tax cases.

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Feature Focus Fridays - First Look at Figured

Insightful Accountant

Murph takes a first look at 'Figured', a cloud-based agribusiness software app that works with either QuickBooks Online or Xero and that he thinks is '"perfect for farming and ranching.

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Nailing cash flow statements: How to ensure you know where your business stands

Plooto

Managing cash flow effectively is an essential aspect of running a business smoothly. However, many small businesses struggle with cash flow management, especially if they don’t have a lot of experience in bookkeeping and accounting.

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Becoming a remote partner

Accounting Today

The process of becoming a remote partner isn't much different from the traditional path — but it may take a little extra effort.

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How to Sell Advisory Services at Your Firm w/ Adam Lean

Jetpack Workflow

Podcast Summary In this insightful episode of the “Growing Your Firm” podcast, brought to you by Jetpack Workflow, host David Cristello is joined by special guest Adam Lean , CEO and co-founder of The CFO Project. Adam shares his expertise on how accountants can go beyond traditional number-crunching by engaging with clients through meaningful conversations that resemble therapeutic sessions.

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RSM Int'l names new CEO

Accounting Today

Ernest John Nedder, a partner and chief strategy officer at RSM US LLP, will be the next CEO of the RSM International network, succeeding longtime CEO Jean Stephens on June 1.

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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.

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Accounting for contingencies

Accounting Tools

What is a Contingency? A contingency arises when there is a situation for which the outcome is uncertain, and which should be resolved in the future, possibly creating a loss. This situation commonly arises when a business is the defendant in a lawsuit, or has guaranteed the payment of a debt incurred by a third party. Examples of Contingencies As an example of a contingency, Armadillo Industries has been notified by the local zoning commission that it must remediate abandoned property on which

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Avalara's new president to emphasize customer experience

Accounting Today

Ross Tennenbaum said he intends to improve its customer experience, and hinted at an e-invoicing partnership with a blue chip company.

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How Google Axion Processor Can Improve Workload Efficiency?

Economize

Google Axion Processor is a groundbreaking development in custom silicon chips, a result of Google’s relentless pursuit of innovation. These custom Arm®-based CPUs represent a significant leap forward in computing technology, with industry-leading performance and energy efficiency.

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SEC's market surveillance tool called unconstitutional in Texas lawsuit

Accounting Today

The lawsuit accuses the SEC of acting without authority to create the Consolidated Audit Trail.

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Building a Business Case for Finance Automation

Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.

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What Is A Purchase Order And How Is It Different From An Invoice?

Invoicera

Introduction Starting out a new business venture? Catching up on a few business terms can help you become a Pro early! While starting out your own new business venture can be really exciting, it can be nerve-wrenching too at the same time. Unfamiliarity with new business terms can cause a hindrance in understanding and communicating with clients. Especially, when related to the sale of physical goods, you need to catch up fast with the inside business terms.

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Remote partners open up new markets

Accounting Today

Some remote partners act as a beachhead in new markets, allowing access to clients far beyond a firm's local geography.

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De Minimis Safe Harbor Election: Who, How, and What Amount?

CSI Accounting & Payroll

When you buy a fixed asset for your small business, how are you supposed to handle that in your books? Over the years, the government has created a few methods to choose from. At CSI Accounting & Payroll, we’ve worked with monthly accounting for small businesses for over 50 years. We’ve advised thousands of prospective clients on how they can handle fixed assets, including the newest method: the De Minimis Safe Harbor election.

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Fighting stubborn racial disparities in homeowner tax subsidies

Accounting Today

Experts from the Fed, Intuit and the Urban-Brookings Tax Policy Center explored ideas for more effective ways to advance the goals of the mortgage interest deduction.

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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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I'm remembering April 19th 1995 today.

Insightful Accountant

This is the day that I rise early and head to the cemetery to remember my friend, Ted L. Allen, who died in the bombing of the Alfred P. Murrah Federal Building in Oklahoma City.

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oAppsNET Cash Apps: Unlocking Versatile Use Cases

oAppsNet

In today’s fast-paced digital landscape, cash apps have revolutionized how we manage our finances. Among these innovative platforms, oAppsNET Cash Apps stand out for their versatility and comprehensive features. From personal budgeting to business expense management, oAppsNET Cash Apps offer various use cases to streamline financial transactions and optimize cash flow.

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B2B Payment Fraud: How AP Departments Can Reduce Risk

AvidXchange

Payment fraud is a major concern in accounts payable (AP) departments. According to a recent survey, “ The State of B2B Payment Security in 2024 ,” conducted by AvidXchange and the Institute of Finance & Management (IOFM), 76% of AP leaders said their department has experienced payment fraud in the past calendar year. Though opportunities for payment fraud are prevalent in today’s AP departments and the related financial losses are significant, many organizations do not have adequate measure

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Top Remote Accountants for Hire | April 18, 2024

accountingfly

Top Remote Accounting Candidates This Week Looking for remote accountants? Accountingfly can help! With our ‘ Always-On Recruiting ‘ program, you can access highly skilled and experienced remote accountants with no upfront cost. These are just a few of our top candidates this week. Sign up now to receive the full list of top accounting candidates available weekly!

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Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.

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Dashboard metrics to Keep a Pulse on your Small Biz Performance

Reconciled Solutions

With the right metrics to track your small biz performance, you can avert disaster before it strikes your business. Find out how. The post Dashboard metrics to Keep a Pulse on your Small Biz Performance appeared first on Reconciled Solutions.

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A Guide to Invoice Management in NetSuite

Nanonets

In today's fast-paced business environment, efficient management of accounts receivable (AR) and accounts payable (AP) is crucial for maintaining a healthy cash flow. Invoices are an essential part of this. Invoice creation and Invoice processing are critical steps in these processes. NetSuite's robust invoice management system offers a powerful solution to automate and streamline the invoicing process, boosting efficiency and improving your bottom line.

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The Importance of the Accounts Receivable Aging Report

Gaviti

As an assessment and diagnostic tool, it’s hard to overstate the importance of your company’s accounts receivable (AR) collections aging report. Also known as “ accounts receivable reconciliation ,” this is a common report that offers a broad overview of a company’s financial status as well as the status of its customers and their abilities to pay. What Is an AR Aging Report?

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Income tax payable definition

Accounting Tools

What is Income Tax Payable? Income tax payable is a liability that an entity incurs that is based on its reported level of profitability. The tax can be payable to a variety of governments, such as the federal and state governments within which the entity resides. Once the organization pays the income tax , the liability is eliminated. As an alternative to payment, the income tax liability can be reduced through the application of offsetting tax credits granted by the applicable government entit

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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

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Top tax issues to watch after Tax Day

Accounting Today

Biden's pitch for a fair Tax Code and Werfel's quest for a digitally transformed IRS are among the key issues to pay attention to after the dust has settled on tax season.

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The difference between consignor and consignee

Accounting Tools

What is a Consignor? A consignor is the owner of goods, which it has sent to a consignee to be sold to a third party. The consignor designation commonly arises when a producer of goods does not have a sales function, and so transfers the goods to another party that has the capability to sell them on behalf of the consignor. What is a Consignee? A consignee is the recipient of goods shipped to it by a consignor.

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Trump pushed to embrace 17% income tax for all

Accounting Today

Donald Trump is under pressure from economists in his circle to embrace a flat tax rate, softer trade stance and to hold the line on the state and local tax deduction.

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Property, plant, and equipment definition

Accounting Tools

What is Property, Plant, and Equipment? Property, plant, and equipment (PP&E) includes tangible items that are expected to be used in more than one reporting period and that are used in production, for rental, or for administration. This can include items acquired for safety or environmental reasons. In certain asset-intensive industries, PP&E is the largest class of assets.

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Cash Flow Secrets Every Upskilled CPA Should Know

Speaker: Debra L. Robinson

CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.