Thu.Dec 14, 2023

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AICPA sees threat to CPA state mobility

Accounting Today

The American Institute of CPAs provided information for U.S. accounting professionals on the potential impact on their out-of-state engagements if some of the pending legislation in some states on licensure requirements is enacted.

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AccountingDepartment.com Gears Up for its 10th Vistage ChairWorld

Accounting Department

We're happy to announce that AccountingDepartment.com is gearing up for its 10th Vistage ChairWorld event in January! As a proud National Sponsor for the past decade, this event holds a special place in our hearts, and we can't wait to reconnect with familiar faces and forge new connections in 2024.

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FASB releases income tax disclosure standard

Accounting Today

The Financial Accounting Standards Board issued an accounting standards update Thursday aimed at improving income tax disclosures from companies.

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Twelve Months of New Features: a 2023 Recap

Compleatable

Our developers have been hard at work this year, listening to feedback from our iCompleat users and constantly improving your experience. Cast your mind back to January (insert ‘it feels like a lifetime ago’ comments here!)- a New Year, and some new tweaks to your user experience. We made it even easier to create a new order by adding the layout and supplier within the Requisition form, as well as adding a shiny new duplicate function to Purchase Orders.

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From Start to Scale: Driving Growth Through Seamless Payments Implementation

Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting

Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical

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IIA approves revised global internal audit standards

Accounting Today

The International Internal Audit Standards Board voted to approve a set of new standards that are expected to be released in January.

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Twelve Months of New Features: a 2023 Recap

Compleatable

Our developers have been hard at work this year, listening to feedback from our iCompleat users and constantly improving your experience. Cast your mind back to January (insert ‘it feels like a lifetime ago’ comments here!)- a New Year, and some new tweaks to your user experience. We made it even easier to create a new order by adding the layout and supplier within the Requisition form, as well as adding a shiny new duplicate function to Purchase Orders.

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Designing Future-Proof Purchase-to-Pay Operations

Cevinio

We will uncover Alpar’s insights on maintaining an effective P2P team, with a special focus on the transformative power of automation technology. Additionally, we’ll discuss AP challenges and, more importantly, solutions to overcome them. During this interview, you will learn about: Keys to having an effective P2P function The transformative impact of AP automation: before and after Important features in AP Automation for operational success Factors for a successful transformation Ab

AP 100
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Salaries rising for management accountants

Accounting Today

The Institute of Management Accountants reported increased salaries and job opportunities for Certified Management Accountants as opposed to those without certifications.

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ProAdvisor Training Tab Includes Tax

Insightful Accountant

Tax training has been added to the QuickBooks Online Accountant, ProAdvisor Training tab. Training is available for both ProConnect Tax Online and Intuit Tax Advisor products.

Tax 105
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ISSB offers resources to adopt sustainability and climate standards

Accounting Today

The International Sustainability Standards Board is providing information to companies to help them adopt its sustainability and climate disclosure standards before they take effect in January.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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Plooto bolsters executive team with seasoned fintech leaders from PayPal and Xero

Plooto

The strategic Risk and Partnerships hires will build on Plooto's 2023 momentum and supercharge market expansion in 2024 to further support growing businesses

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A year after audit deal, Chinese IPOs in US are small and rare

Accounting Today

The deal saved hundreds of Chinese companies in the U.S. from being booted off American stock exchanges but has done little to revive the flow of initial public offerings.

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Chicago Paid Leave and Paid Sick and Safe Leave Ordinance

Reconciled Solutions

What you need to know about the Chicago Paid Leave and Paid Sick and Safe Leave Ordinance and paid time off requirements for Chicago workers. The post Chicago Paid Leave and Paid Sick and Safe Leave Ordinance appeared first on Reconciled Solutions.

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ERP health check: Best practices for financial teams in 2024

Accounting Today

ERP systems need to be constantly reassessed as business needs shift and new priorities arise.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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When Does a Business Owner Need to File a 1099-NEC Form?

Reconciled Solutions

When does a business owner need to file a 1099? Here's how to understand the distinction between employees and independent contractors. The post When Does a Business Owner Need to File a 1099-NEC Form? appeared first on Reconciled Solutions.

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Manchin calls hydrogen tax credit rules 'horrible'

Accounting Today

High-stakes Treasury guidance for claiming hydrogen production tax credits has drawn the ire of Senator Joe Manchin.

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Four Pitfalls of Delayed Invoice Payments

Enterprise Recovery

When clients fail to pay their invoices on time, it can negatively impact your cash flow and harm your business in various ways. Maintaining a healthy cash flow is crucial for the success of your business, so it is essential to address any issues with late payments promptly and find effective solutions to ensure a steady and stable financial foundation.

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Amazon wins EU court clash over €250M tax bill

Accounting Today

Amazon said the ruling confirms that it "followed all applicable laws and received no special treatment.

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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

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Going Digital with Invoice Approvals

MineralTree

What is Digital Invoice Approval? Digital invoice approval involves reviewing, approving, and processing invoices electronically prior to payment. An electronic approval workflow takes out the paper-based component of this process to improve transparency, allowing teams to accurately track the status of their invoices. As a result, finance teams increase efficiency , while reducing manual tasks.

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Sikich to acquire CLA's federal government practice

Accounting Today

Sikich, a Top 30 Firm based in Chicago, has signed an agreement to acquire the federal government practice of CliftonLarsonAllen LLP, a Top 10 Firm, effective Dec. 31.

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From Launch to Exit: Navigating the Acquisition Process w/Pawel Brzeminski

Jetpack Workflow

Podcast Summary In this episode, host David Cristello interviews Pawel Brzeminski, the founder and CEO of Snap Projections. Pawel shares his journey of launching, growing, and successfully exiting his company. He discusses why he chose not to raise money from venture capitalists and instead opted for an acquisition. Pawel also provides insights into the process of reaching a scale where the company becomes an acquisition target and shares his experiences afterward.

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BooxKeeping @ QuickBooks Connect

Insightful Accountant

Learn about starting your own bookkeeping business through the BooXkeeping franchise opportunity. Build a successful business that delivers a vital service in a high-demand industry.

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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

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AI in Real Estate: 10 Helpful Applications

AvidXchange

It’s undeniable that professionals in the real estate industry are using AI for all types of tasks – from writing home listings to creating algorithms that inform property investments. In this piece, we’ll share some of the most popular use cases for AI in real estate and discuss the different ways they can positively impact your business. Download our Ultimate AI Guide 1.

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Get to Know LedgerDocs: A Game-Changer in Document Management

LedgerDocs

Document management systems can be a make or break decision for your bookkeeping business, making the right choice for your firm is paramount. LedgerDocs is different from the rest of the document management platforms out there. It is designed by a dedicated team of bookkeepers with the bookkeeping and accounting workflow in mind. We care about our users and we believe we can be your perfect financial document management.

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Pros and Cons of Incorporating a Company in Singapore for Foreign Entrepreneurs

Counto

Are you a foreign entrepreneur with dreams of expanding your business horizons? Singapore, often hailed as the “Lion City,” is a thriving hub for international business and a popular destination for those seeking to set up a company abroad. In this blog post, we’ll delve into the advantages and disadvantages of setting up a company in Singapore, specifically tailored to foreign entrepreneurs like you.

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Simplifying Employee Spending Management With Expenses

Invoicera

Research by the Association of Certified Fraud Examiners says that companies lose approximately 5% of their annual revenue to fraud, with expense reimbursement being one of the top areas. However, adopting modern expense management systems significantly reduces these risks by enforcing policies and providing real-time monitoring. Imagine Sarah, a sales executive who used to spend hours wrangling with receipts after every business trip.

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Solve Your Firm's Automation Complexities Once and For All

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.

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John Hewit on Building Franchise Empires

Insightful Accountant

Insightful Accountant's Gary DeHart as he sits down with John Hewitt as they discuss Building Franchise Empires on this episode of Accounting Insiders.

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Betterment definition

Accounting Tools

What is a Betterment in Accounting? A betterment is an improvement made to a fixed asset in order to extend its useful life or increase its value. Doing so results in an enhanced asset. Expenditures on betterments are quite common for larger, more expensive assets that are expected to be in use for an extended period of time. Accounting for a Betterment The cost of a betterment can be capitalized and depreciated over time.

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Redeemable preferred stock definition

Accounting Tools

What is Redeemable Preferred Stock? Redeemable preferred stock is a type of preferred stock that allows the issuer to buy back the stock at a certain price and retire it, thereby converting the stock to treasury stock. These terms work well for the issuer of the stock, since the entity can eliminate equity if it becomes too expensive. For example, a business issued redeemable preferred stock at a 6% dividend rate, but now finds that interest rates have dropped substantially.

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Stock definition

Accounting Tools

What is Stock? Stock is a security that represents a fraction of the ownership of the issuing corporation. Investors by stocks in the expectation that their value will increase, allowing the investors to eventually sell them for a profit. The stocks may also pay out dividends on an annual or quarterly basis. Thus, there are two ways to generate income from your stock holdings.

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Confronting the Change Challenge

Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.