Wed.May 15, 2024

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You can't maximize ROI without ROR

Accounting Today

As the cornerstone of the "Return on Relationship" methodology, a holistic financial plan unlocks a deep and meaningful understanding of a client's personal and business realities and goals.

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Navigating the Hidden Costs of Business Decisions: The Crucial Role of Opportunity Cost

Accounting Department

In the dynamic world of entrepreneurship and business management, every decision you make can significantly impact your business's trajectory. Whether it's choosing between investing in new technology or expanding your product line, the choices are endless and often complex.

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NPAG shares pipeline survey results and solutions

Accounting Today

The National Pipeline Advisory Group identified six recommendations based on survey data to a address accounting's talent shortage, including rethinking CPA licensure requirements.

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What are Client Letters in ATX Software?

Ace Cloud Hosting

Clear communication is vital for completing tasks accurately and efficiently. When it comes to tax firms, understanding information in the right way is very crucial, as one mistake can hinder.

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How to Select the Perfect Payments Partner: 7 Keys for Sustainable Growth

Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms

Join Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms for an informational webinar about how to select the ideal payments provider for your platform! This session highlights the 7 key criteria for assessing payments partners and maximizing the value of your investment. From evaluating technology and business development programs to understanding support and compliance, this webinar will equip you with a comprehensive evaluation framework and strategy for

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Businesses worry about bribery and corruption impact

Accounting Today

Small and midsized business owners and their financial advisors have deep concerns about the damaging impact of bribery and corruption, according to a new survey.

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Sage 50 Hosted on Cloud vs. Sage 50c – Which One to Choose?

Ace Cloud Hosting

Handling critical financial or accounting data takes work. If you are an accountant or running an accounting firm, using accounting software, such as Sage 50, can make your daily operations.

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Top 9 Innovations Accounting Businesses Should Adopt in 2024 and Future

Ace Cloud Hosting

According to Accounting Today, “The accounting software market will have a global value of $11.8 billion by 2026, according to new market research, at an expansion rate of 8.6 percent.

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IRIS buys Utah-based Swipeclock

Accounting Today

U.K.-based IRIS Software announced its acquisition of Swipeclock, the Utah-based maker of solutions WorkforceHub and ApplicantStack.

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11 Ways to Foster a Culture of Innovation

Nolan Accounting Center

The word “innovation” may conjure up an image of inventors working on their next big project. But innovation is much broader and deeper than that image. As stated by an unknown author, “Innovation is the process of creating value by applying novel solutions to meaningful problems.” Former CEO of Apple, Steve Jobs said, “Innovation is the ability to see change as an opportunity–not a threat.

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Britons spent 798 years on hold to tax authority, watchdog says

Accounting Today

More than half of phone calls to HMRC are now going unanswered.

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2024 Annual Trends Survey: Expense Management Insights

Uncover the latest trends in expense management for small and medium-sized businesses. Our 5th Annual Trends Survey reveals that corporate card use is skyrocketing, but expense software isn't keeping up. This mismatch is creating real challenges for finance teams, who now take an average of 14 days to close their books. Travel policies are shifting to accommodate hybrid work, but many companies are struggling with off-tool bookings.

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The Hidden Costs of Responding to IRS Notices: A Burden on Tax Practitioners

Insightful Accountant

Responding to IRS notices for clients is a time-consuming and costly task for tax practitioners, especially with the increase in notices post-COVID.

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How to foster alignment and accountability with your partners

Accounting Today

A lack of partner alignment and accountability can get in the way of creating sustainable change.

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Gearing Up for the TJCA Fight

Insightful Accountant

Tax pros face challenges as Congress plans to extend the TCJA next year. Partisan bill passage in 2017 and turnover in the House Ways and Means Committee complicate the process. Pros await the outcome with uncertainty.

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Problems With Budgeting? How to Create a Small Business Budget

CSI Accounting & Payroll

Many people have a hard time making or sticking to a budget for their small business. After all, it’s difficult enough to follow a budget in your personal life! So, how can you be sure that you’re budgeting the right way when it comes to your business? You’re starting strong by reading what the experts have to say. At CSI Accounting & Payroll, we’ve worked with small business finances for over 50 years.

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Unlock The Power Of The CFO Toolkit

Speaker: Duke Heninger

With the rise of fractional finance roles, many CFOs, FP&A professionals, controllers, and accountants are stepping into independent consulting. The expansion of fractional services presents new opportunities for finance professionals, but many face challenges in navigating this transition, finding it daunting. Whether you’re new to fractional work or refining your approach, this webinar will equip you with a repeatable system for success.

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The Marketing Tactic You Should Be Using (But Aren’t)

Future Firm

To market to existing clients, you can use various strategies like newsletters, guides, etc. Learn which tactic is better than them all. The post The Marketing Tactic You Should Be Using (But Aren’t) appeared first on Future Firm.

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Purchase Order Management

Tipalti

Learn essential tips and strategies to streamline your procurement process, optimize inventory control, and boost overall efficiency with our comprehensive overview of purchase order management.

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Batch Import Journal Entries into QuickBooks

Insightful Accountant

You can now import 'Journal Entries' (in batch, if needed) into QuickBooks Online. Murph takes you step-by-step through the process.

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Procurement Data Management

Tipalti

Procurement data management plays a vital role in the efficiency and effectiveness of your overall procurement process. Learn the best ways to manage your procurement data.

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Pricing for Profit: How to Set, Negotiate, and Succeed

Speaker: Igli Laci, Strategic Finance Leader

In today’s competitive market, pricing is more than just a number — it’s the cornerstone of profitability. The right pricing strategy ensures that you capture the true value of your offering, paving the way for sustainable growth and long-term success. Join Igli Laci, Strategic Finance Leader, in this exclusive session where he will explore how a well-crafted pricing approach balances customer perception with business objectives, creating a powerful tool for securing both competitive advantage a

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Transaction risk definition

Accounting Tools

What is Transaction Risk? Transaction risk is the probability that a party to a business transaction will lose money due to an adverse change in the relevant foreign exchange rate. This is a particular concern for organizations that conduct significant amounts of business in other countries. The parties to such a transaction can use hedging techniques to reduce or eliminate transaction risk.

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Modern Purchasing Process

Tipalti

From vendor management to contract negotiation, discover the best practices essential for mastering the modern purchasing process. Elevate your procurement game today.

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Tax election definition

Accounting Tools

What is a Tax Election? A tax election is a choice made by a taxpayer among several possible options for how to deal with a situation from a tax reporting perspective. A tax election may have consequences related to the timing and amount of taxes paid. Examples of Tax Elections Here are several examples of tax elections that a taxpayer might make: A business can elect to be taxed as a C corporation or an S corporation A business can choose to keep its accounting records under the cash basis of a

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Airwallex Bill Pay, now available with Xero

Xero

This guest blog was written by the team at app partner, Airwallex. Airwallex is excited to announce the release of its new Airwallex Bill Pay solution, taking hours out of paying invoices and automating the entire process in one place. With Airwallex Bill Pay, you can manage each step of paying a bill within the Airwallex platform, from uploading and importing invoices to approving and sending the payment, saving your finance team hours of manual work.

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3 Steps to Successful & Strategic Year-End HR Planning

Year-end can be a hectic time for HR professionals, but with proper planning and organization, you can navigate it smoothly. Learn the main watch outs for year-end HR prep with Paycor’s helpful checklist covering employee data, wage and tax information, and special situations. Ensure compliance and efficiency by downloading today!

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Termination benefits definition

Accounting Tools

What are Termination Benefits? Termination benefits are cash and other services paid to employees when their employment has been terminated. The extent of these benefits may be based on company policy or they may be negotiated on an individual basis. The most common termination benefits are as follows: Severance payment. A common termination benefit is a severance payment, which may be seniority-based, or perhaps a standard payment for all employees within a certain job classification who are be

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Top 5 Chinese OCR Tools

Nanonets

Do you usually eat Chinese food in restaurants? Do you want to understand Chinese or become more familiar with Chinese culture? If so, you must be able to either copy and paste Chinese into a translator for greater comprehension or extract some Chinese materials for further study. The only exception is that you will require Chinese OCR software is to first recognize the Chinese characters in the PDF or picture if you're dealing with scanned Chinese documents.

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Term loan definition

Accounting Tools

What is a Term Loan? A term loan is a lending arrangement that provides a borrower with a fixed sum of cash. In exchange, the borrower must repay the loan via a fixed number of installment payments over the term of the loan. This type of loan is typically for a period of longer than one year. The intent behind a term loan is usually to provide a business with the funds to acquire cash-generating assets (such as machinery or inventory ) that can then be used to pay back the loan.

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Trust receipt definition

Accounting Tools

What is a Trust Receipt? A trust receipt is a legal document, stating that a borrower of funds has physical possession of certain property that is held in trust for the lender. Under this arrangement, the lender retains title to the underlying assets until the borrower pays back a designated debt to the lender. Upon repayment of the loan , the borrower gains title to the underlying assets.

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Auditpalooza: Rocking the Month-End Close Audit

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

A good, fast, clean audit leads to a happy work life. Join us in this one-hour webinar, where we share the best ways to prepare and conduct your audit process to maximize audit satisfaction and minimize administrative time in month-end close and financial reporting. Learning objectives: This course objective is to review leading practices to maximize audit success.

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Treasury warrant definition

Accounting Tools

What is a Treasury Warrant? A treasury warrant is an authorization that a payment be made from a public treasury, usually in the form of a check. Government disbursements are paid with treasury warrants.

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Tolerable deviation rate definition

Accounting Tools

The tolerable deviation rate is the largest percentage variance experienced in audit sampling that an auditor will accept in order to rely upon a specific control. If the deviation rate is higher than this threshold value, then the auditor cannot rely upon the control. Thus, it is the largest failure rate that an auditor will allow for a control procedure, while still concluding that the control is operating effectively.

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Transaction exchange gain or loss

Accounting Tools

A transaction exchange gain or loss is triggered when there is a fluctuation in the exchange rate of two currencies that are applied to a business transaction. This is a particular risk when there is an extended period of time until a transaction is scheduled to be settled, since it leaves more time in which exchange rate fluctuations can occur. Example of a Transaction Exchange Loss For example, an American business commits to pay a European supplier in Euros, and the U.S. dollar weakens betwee

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Translation risk definition

Accounting Tools

What is Translation Risk? Translation risk is the risk of incurring losses when there are adverse changes in exchange rates. Translation risk can arise in the following circumstances: When you pay a supplier in another currency. If the payment is scheduled for a future date, and if the exchange rate for this currency increases in the interim, then you will sustain a loss on the currency translation.

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Benchmarking ROI with Forrester: Measuring the Success of Finance Transformation

Finance Transformation Myths Busted Over 75% of organizations struggle to define the right success metrics to benchmark the impact of their finance transformation investment. Whether you are just initiating your digital transformation journey or planning to pitch your next AI project to leadership, without the right metrics and a rigorous tracking process - all your efforts might go to waste!