Fri.Apr 26, 2024

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Accounting Today news quiz: April 26

Accounting Today

Test your knowledge of the biggest accounting headlines of the week. No. 2 pencil not required!

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QuickBooks for Small Business – Which Version Do You Need?

Ace Cloud Hosting

Just like for smooth money handling, you need to create a bank account. Similarly, the right accounting platform is necessary to manage the business financial landscape. This is where QuickBooks.

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7 ways to drive innovation in your firm

Accounting Today

While the term "innovation" isn't necessarily associated with most CPA firms, this perception can easily be changed with the right strategic moves.

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Ethical Collection Techniques For Recovering Late Payments

Enterprise Recovery: Accounts Receivable

In today's competitive business landscape, it's important to manage late payments while upholding positive client relationships. Use the following techniques to navigate the delicate balance of recovering outstanding debts while maintaining trust and loyalty with your clients. Discover ethical collection practices to help recover late payments while maintaining positive client relationships.

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Forecasting Failures Are Costly: Here's How To Fix Them

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

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IRA heirs, planners get additional RMD breathing room — again

Accounting Today

Financial advisors, tax professionals and their clients get another year to think through potential tax, distribution and trust strategies, according to experts.

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Advancing Your Cash Flow: Should You Opt for Early Invoice Payment from Your Client?

FundThrough

For small and medium-sized businesses (SMBs), maintaining a healthy cash flow is often one of the most challenging aspects of running a company. Because many of us at FundThrough have been entrepreneurs before, we understand firsthand what it’s like to struggle with unpaid invoices. Late payments or even standard-length payment terms can have serious impacts […] The post Advancing Your Cash Flow: Should You Opt for Early Invoice Payment from Your Client?

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Maximizing Your Accounting Firm's Value with Brannon Poe

Cloud Accounting Podcast

Blake Oliver sits down with Brannon Poe of Poe Group Advisors to discuss the differences between traditional and subscription-based virtual accounting firms. Brannon shares his expertise on firm valuation, revealing that factors like cash flow to owner and owner hours play a significant role in determining a firm's value. He also emphasizes the importance of pricing strategies, noting that implementing value pricing and subscription models can dramatically improve a firm's profitability and over

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HSBC wins £1.3B suit over Disney tax breaks

Accounting Today

The bank successfully fought off a London court claim brought by investors over tax breaks linked to financing for 'Pirates of the Caribbean 2.

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5 Ways to Increase Employee Satisfaction with Automated Expense Reporting

NextProcess

Expenses are part of running a business. When a company lets employees make business purchases on behalf of the company, the expense reimbursement system provides a way for the company to pay back employees for those expenses. When the travel and expense (T&E) reporting and reimbursement system works well, it’s good for employees and the company.

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On the move: KSM names new leaders

Accounting Today

Plus, the Kansas Society of CPAs gives out scholarships; the Accounting MOVE Project announces a mini summit; and more.

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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

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10 Ways that BPA Software Can Help Your Company Improve Efficiency and Productivity in Finance

NextProcess

We all want to optimize our businesses. Improving efficiency and productivity makes a company more financially stable, places it in a better position to take advantage of opportunities, and enables the company to keep up in the fast-paced modern business world. In today’s world, digitizing business processes is key to keeping finance departments efficient and productive.

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Marcum cites material issues in B. Riley audit

Accounting Today

The Los Angeles-based boutique investment bank's audit by Marcum cited multiple material weaknesses in the company's reporting, and some of the previously reported data was revised.

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Are You Making These Common Mistakes in Real Estate Bookkeeping?

Outsourced Bookeeping

Real Estate is a fortune-acquiring scalable business. However, to reap its benefits you must go through the testing process, enhanced with effective finance management. This is a crucial yet challenging process, compelling you to prepare budgets, create various financial reports, perform audits, monitor cash flows, and file taxes. If you are solely handling all these accounting challenges as a business owner it might become nerve-racking.

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How local governments can weather a federal shutdown

Accounting Today

Even if a program is predominantly funded with federal dollars, there may be other sources of funds from which local governments can draw.

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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.

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Indirect Procurement

Tipalti

What is indirect procurement and its benefits for your business? Learn how to efficiently manage the day-to-day costs of doing business, for more accurate financial forecasting.

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Tech news: AuditBoard announces AuditBoard AI now generally available

Accounting Today

AuditBoard announces AuditBoard AI now generally available; Earmark launches web app; and other accounting technology news.

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Top 15 Apps & Integrations on Xero App Marketplace

Nanonets

Bank feeds and automated reconciliation, easy expense claim reimbursement, and online invoicing features are just the start; Xero is a premium accounting software solution for small businesses. The tool’s out-of-box robustness lays a strong foundation to support a multitude of business processes, but it’s the Xero Marketplace – full of Xero apps and integrations – that really sets the Xero platform apart.

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Protect the profession as traditional firms fade away

Accounting Today

We're witnessing the evolution of the "new firm.

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How To Break Digital Transformation Barriers And Accelerate AI Adoption

Speaker: Anna Tiomina, MBA

AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?

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Spenmo Q1 Updates: Your Feedback Shaping Spenmo's Latest Features

Spenmo

As we close Q1-2024, we are thrilled to share a suite of enhancements that help finance managers improve their Accounts Payable processes. Driven by our dedication to Customer Love, we've listened closely to your feedback and tailored our solutions to meet and exceed your operational needs. Our latest updates are designed to streamline your processes, freeing up more time for high-value tasks like financial analysis and strategic planning. 1.

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'Not guilty' pleas in Patisserie Valerie accounting fraud

Accounting Today

The bakery chain collapsed into insolvency in 2019 after a forensic investigation revealed thousands of false entries in its accounts.

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Before PwC, before Coopers & Lybrand, there was Cooper Brothers.

Accounting Fun

PwC was initially called PriceWaterhouseCoopers having been formed by the merger of Coopers and Lybrand and Price Waterhouse. Long before that merger Coopers & Lybrand was originally called Cooper Brothers and based in Gutter Lane, London. Indeed they may have been the only building with an address identified as being in Gutter Lane. Legend has it that at one stage the partners wrote to the Corporation of London suggesting that, in view of their long tenancy, it might be appropriate to renam

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QuickBooks for Small Business – Which Version Do You Need?

Ace Cloud Hosting

Just like for smooth money handling, you need to create a bank account. Similarly, the right accounting platform is necessary to manage the business financial landscape. This is where QuickBooks.

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Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.

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Procurement as a Service

Tipalti

Learn how procurement as a service (PaaS) revolutionizes procurement processes, offering scalability, cost-efficiency, and expert support. Explore its benefits and applications for your business.

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Growing a mentoring network 

Intuit

Mentorship isn’t about zeroing in on a single advisor for the entire scope and duration of your career. You can benefit from many different types of support over time, and often at the same time. Similarly, working with multiple mentors of diverse profiles will expand the range of perspective and guidance available to you. That’s one reason the Tech Women @ Intuit (TWI) Mentorship program is designed around six-month terms, with mentees and mentors encouraged to rotate to new pairs regularly.