Fri.Jul 28, 2023

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Tech News: New AuditBoard solution focused on IT risk management

Accounting Today

New AuditBoard solution focused on IT risk management; KPMG deepens relationship with Service Now; and other news and updates from the accounting technology arena.

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The Ultimate Cloud Storage Pricing Comparison (2023 CHART)

CloudZero

Syncing files and folders across multiple devices, updating them between remote team members, and sharing them across individuals and teams are all essential aspects of running a modern business.

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PCAOB sanctions firms over audit committee communications

Accounting Today

The Public Company Accounting Oversight Board disciplined five auditing firms for violating its rules and standards when communicating with audit committees.

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Factoring Companies in Georgia: 4 High Quality Options

FundThrough

When it comes to selecting the best factoring company in Georgia, business owners often face the challenge of finding a solution that addresses their cash flow needs effectively. As entrepreneurs ourselves, we understand this pain firsthand. Identifying a trusted partner that offers quick and seamless factoring services can be a daunting task. While we cannot […] The post Factoring Companies in Georgia: 4 High Quality Options appeared first on FundThrough.

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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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On the move: MACPA elects a new chair

Accounting Today

KPMG partner Christina Aspell will lead the Maryland association's board; Dean Dorton consolidates in Raleigh; and other firm and personnel news.

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How Can a Small Business Budget for Variable Expenses?

CSI Accounting & Payroll

Budgeting for your small business would be much easier if it only meant adding up fixed expenses. However, when you throw in variable expenses, it can be easy to go over budget. How can you expect the unexpected and get a more accurate idea of what you should be spending? At CSI Accounting & Payroll, we've helped small businesses manage their money for over 50 years.

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No par value stock definition

Accounting Tools

Related Courses Corporate Finance The Balance Sheet What is No Par Value Stock? No par value stock is shares that have been issued without a par value listed on the face of the stock certificate. Historically, par value used to be the price at which a company initially sold its shares. There is a theoretical liability by a company to its shareholders if the market price of its stock falls below the par value for the difference between the market price of the stock and the par value.

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Practice Profile: Baby goats, dog parades and Squishmallows

Accounting Today

It all sounds like fun, but Mize CPAs' recruiting and retention strategies are serious business.

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Why General Ledgers Matter to Businesses

Remote Quality Bookkeeping

Small businesses often begin as passion projects. You start doing something you love and then discover a market for your products or services. You may begin selling those products or services, recognize that you need to purchase more supplies, and hire a part-time employee to keep up with demand. Then you start doing a bit of advertising and realize that your garage is no longer big enough to serve as the center of your operation, so you decide it’s time to expand.

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How CPA firms can boost accounting automation

Accounting Today

Since automation in the accounting profession has been a huge win for firms, it's no surprise that most of us are automating many different processes.

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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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Remote Accounting Services: Driving Growth and Profitability for Businesses

CapActix

In today’s fast-paced and competitive business world, companies are constantly looking for innovative ways to streamline their financial processes. Remote accounting services offer a transformative solution, enabling businesses to enhance their financial efficiency and maximize profitability. By harnessing the power of remote accounting, organizations can simplify their financial management, unlock greater agility, and drive growth.

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Scandal-hit retailer nears end as advisors reap $495M in fees

Accounting Today

Steinhoff, the former owner of Mattress Firm in the U.S., has been battling to survive ever since auditors refused to sign off on its financials.

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Local Bank Transfers

Tipalti

Local bank transfers are a secure way for businesses to handle international payments, but are they better than SWIFT or wire transfers? Read on.

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ISSB proposes digital taxonomy of sustainability information

Accounting Today

The International Sustainability Standards Board is proposing to create an XBRL version of its recently released ESG standards.

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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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Net income margin definition

Accounting Tools

Related Courses Business Ratios Guidebook Financial Analysis The Interpretation of Financial Statements What is Net Income Margin? Net income margin is the net after-tax income of a business, expressed as a percentage of sales. It is used in ratio analysis to determine the proportional profitability of a business. It is especially useful when tracked on a trend line , to see if there are any spikes or dips in the long-run average net income margin.

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SEC's Gensler warns of stability risks

Accounting Today

He reiterated that American officials must be able to review the audit papers of Chinese companies that trade in the U.S.

Auditing 130
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Angel investor definition

Accounting Tools

Related Courses Corporate Finance Crowdfunding Treasurer's Guidebook What is an Angel Investor? An angel investor is an individual who provides small amounts of startup capital and advice to businesses in exchange for an equity stake or convertible debt. These people can be of great assistance in providing funding when a business has just started, and it does not yet have a sufficient product concept to attract the attention of venture capital firms.

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SEC cybersecurity rule draws mixed reactions

Accounting Today

Opinions are divided on the new requirement for companies to report material cyberincidents within four days.

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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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Allocation base definition

Accounting Tools

Related Courses Accounting for Inventory Activity-Based Costing Cost Accounting Fundamentals What is an Allocation Base? An allocation base is the basis upon which an entity allocates its overhead costs. An allocation base takes the form of a quantity, such as machine hours used, kilowatt hours consumed, or square footage occupied. Cost allocations are mostly used to assign overhead costs to produced inventory , as required by several accounting frameworks.

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New members sought for FASAC

Accounting Today

The Financial Accounting Foundation is looking for candidates to join the council that advises FASB.

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Collection agency definition

Accounting Tools

Related Courses Credit and Collection Guidebook Effective Collections Essentials of Collection Law What is a Collection Agency? A collection agency is a business that contacts customers on behalf of their suppliers , using various methods to enforce payment of overdue receivable and loan payments. Clients typically turn to collection agencies when they are unable to collect funds through their own internal efforts.

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IRS names chief transformation and strategy officer

Accounting Today

David Padrino will be spearheading many of the slated improvements funded by the IRA.

Tax 130
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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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Probable reserves definition

Accounting Tools

Related Courses Accounting for Mining What are Probable Reserves? Probable reserves are those mineral reserves for which quantity and grade are computed from information similar to what is used for proven reserves ; however, the sites for inspection, sampling, and measurement are less adequately spaced. The resulting degree of assurance is sufficiently high to assume continuity between points of observation.

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Five things to know about the SASB Standards

Accounting Today

Even as the ISSB gets in gear, this foundational framework continues to play a major role.

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Sale and leaseback definition

Accounting Tools

Related Courses Accounting for Leases What is a Sale and Leaseback? A sale and leaseback is an arrangement where an entity sells one of its assets to a lender and then immediately leases it back for a guaranteed minimum time period. By doing so, the entity obtains cash from the sale of the asset that it may be able to use more profitably elsewhere, while the lender obtains a guaranteed lease.

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Why accountants struggle with advertising spend

Accounting Fun

You know what they say about advertising. "It's always said that half of one's advertising spend is wasted, but you never know which half. The problem is that my marketing colleagues never budget for both halves!

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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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Installment method definition

Accounting Tools

Related Courses Bookkeeping Guidebook How to Audit Revenue Revenue Recognition What is the Installment Method? When a seller allows a customer to pay for a sale over multiple years, the transaction is frequently accounted for by the seller using the installment method. Because of the long period of time involved, the risk of loss from customer nonpayment is higher, so a prudent person would defer the recognition of some portion of the sale - which is what the installment method does.

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What is document workflow management?

Nanonets

The modern business landscape is characterized by an overwhelming amount of information and documents that organizations must contend with. The global production, capture, copying, and consumption of data from various documents has been experiencing exponential growth. In 2020, the total data generated reached an estimated 64.2 zettabytes. Projections suggest that this trend will continue, with global data creation projected to exceed 180 zettabytes by 2025.

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Accounting for a tenant improvement allowance

Accounting Tools

Related Courses Accounting for Intangible Assets Fixed Asset Accounting Property Management Accounting Real Estate Investing The lessor of a property may grant an allowance to a lessee that is to be used to improve the leased property. The proper accounting for this tenant improvement allowance depends upon whether the lessee will own the resulting leasehold improvements , and whether it is a direct reimbursement arrangement.

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Credit Professionals Are Open to More Automation, Study Shows

NACM

? Credit professionals have big plans to keep their businesses profitable and successful as the role of credit and accounts receivable (AR) departments continues to grow exponentially each day.? One way credit professionals can stay on the cutting edge of this industry is with automated tools.? Learn more on today's episode of Extra Credit fe.

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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!