Mon.Oct 23, 2023

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20 states where taxpayers get the least bang for their buck

Accounting Today

These are the bottom 20 states ranked by return on investment for taxpayers, based on quality of government services versus how much they cost.

Tax 336
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DEI: Powering prosperity for all

Intuit

Corporate diversity, equity, and inclusion (DEI) has been a part of who we are since our founding 40 years ago. We continue to find new ways to foster a company culture that’s as diverse as the communities we serve, and to integrate inclusion and equity into how we operate as a business. Each year, we share an update on this work through our DEI Report.

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Disruption protection: Higher standards, deeper relationships

Accounting Today

The ethics of the profession and the trust they build with clients will protect accountants from outside competitors.

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Big Changes Coming to 2024 ProAdvisor Awards

Insightful Accountant

It's 'Top 100 Tuesday' and Murph wants to help tune you in to the various changes and enhancements to this year's 2024 ProAdvisor Awards. Remember, the start date is just around the corner.

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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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State CPA societies offer AI ethics course

Accounting Today

The Virginia Society of CPAs is partnering with 10 other state CPA groups to offer a course on artificial intelligence and where it fits in with accounting ethics.

CPA 325
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5 Ways Companies Gamified FinOps To Drive A Cost-Aware Engineering Culture

CloudZero

Getting engineers to take action to optimize spending can feel like an eternal struggle for many cloud-based companies. In fact, this particular issue is consistently considered to be one of the number-one cost challenges modern companies face.

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A Peek into Accounting's New Frontier

Insightful Accountant

HubSync's John McGowan discusses the challenges for navigating legacy systems in the tax and accounting landscape—and where the solutions may be.

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PE makes a big splash

Accounting Today

Bob Lewis of the Visionary Group examines the opportunities private equity firms are creating in accounting, what it will mean for your firm, and how it will play out in the future.

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Top 5 Credit Bureau Companies for B2B in 2023

Gaviti

As the global economic situation fuels business uncertainty, many companies are experiencing a much slower cash flow than they would prefer, a result of late payments from customers. From cash flow issues to inefficient payment processes and the inability to choose from a variety of payment methods, B2B companies face a number of challenges with regards to the timely payments of invoices.

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Whitley Penn merges in Fisher, Herbst & Kemble

Accounting Today

The Top 40 Firm is expanding its presence in the Lone Star State by adding a firm based in San Antonio.

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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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The difference between cost and expense

Accounting Tools

Related Courses Bookkeeping Guidebook Cost Accounting Fundamentals The difference between cost and expense is that cost identifies an expenditure , while expense refers to the consumption of the item acquired. These terms are frequently intermingled, which makes the difference difficult to understand for those people training to be accountants. A key reason why a cost is, in practice, frequently treated exactly as an expense is that most expenditures are consumed at once, so they immediately con

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Loopholes weaken impact of global minimum tax

Accounting Today

The 15% global minimum tax on corporate profits is likely to generate only a fraction of the tax revenue expected, according to a new report.

Tax 200
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Bookkeeping definition

Accounting Tools

Related Courses Bookkeeper Education Bundle Bookkeeping Guidebook What is Bookkeeping? Bookkeeping involves the recordation of basic business transactions in a recordkeeping system. In essence, the term implies that an individual is tasked with the most common ongoing accounting transactions; more complex transactions are reserved for those with more advanced accounting training.

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Art of Accounting: A buyer of a practice who reneges on part of the deal

Accounting Today

Buying a practice has many triggers that can be pushed to make something go wrong.

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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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Relative sales value method definition

Accounting Tools

Related Courses Cost Accounting Fundamentals What is the Relative Sales Value Method? The relative sales value method is a technique used to allocate joint costs based on the prices at which products will be sold. For example, a production process incurs $100 of costs in order to create two products, one of which (Product A) will sell for $400 and the other (Product B) for $100.

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China rattles foreign firms again with arrests, Foxconn probe

Accounting Today

Regulators are conducting tax audits and reviewing land use by Foxconn, the Taiwanese company that makes the vast majority of iPhones at factories in China.

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Purchase ledger definition

Accounting Tools

Related Courses Bookkeeping Guidebook Purchasing Guidebook What is a Purchase Ledger? The purchase ledger is a subledger in which purchases are recorded. The purchase ledger is part of the accounting department's database; it is not maintained by the purchasing department. The ledger is useful for segregating into one location a record of the amounts a company spends with its suppliers.

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The Art of Effective Invoicing: Tips to Get Paid Faster

Invoicera

Are you finding it difficult to get prompt payments for the services offered to clients? Or are you sick of overdue invoices and wondering if there is any secret to a faster paycheck? If yes, you need to learn the art of effective invoicing, eventually changing the whole game of managing business finances. A study by MarketInvoice says 71% of SMEs face late payment issues that ultimately lead to financial strain and operational hiccups.

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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.

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Financial Fraud Report

Tipalti

As online scams become more sophisticated, it provides ample opportunities for threats to increase. That’s why, to understand cyberattacks better, we decided to reveal the US states with the highest and lowest rates of financial fraud.

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Get the Inside Scoop on NetSuite's New AI Features

Blake Oliver

If you couldn't attend SuiteWorld 2023, don't worry! I've got you covered with the latest updates and announcements directly from NetSuite founder Evan Goldberg. Evan joined The Accounting Podcast on location at SuiteWorld. In our interview, Evan gave us an overview of new AI capabilities coming soon to NetSuite. As accountants, this is something you'll want to pay attention to - these new features will make NetSuite even more powerful Let's dig into the key announcements: Text Enhance First is

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Tipalti vs Stripe

Tipalti

From automatic payments to global payables, see how Tipalti and Stripe stack up when it comes to choosing the best mass payment solution for your business.

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Top 3 Finance Trends for 2024

AvidXchange

In September 2023, AvidXchange conducted a survey of 500 finance executives to determine the biggest finance trends for 2024. We uncovered insights on: Artificial intelligence (AI) Business analytics Real-time payments (RTPs) … and more. Read on to learn more about how finance leaders are addressing these finance trends for 2024 within their departments today and into the New Year. 1.

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Profit in the Details: Rethinking Spend for Monumental Impact

Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g

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Variable Expense Ratio: What Is It And How To Calculate It?

Nanonets

Variable expenses are costs that fluctuate directly to changes in production or sales. These costs increase as a company produces and sells more goods or services and decrease when production or sales decline. Variable expenses commonly include materials, labor, and direct overhead for producing goods or services. By expressing the variable expense ratio as a percentage of sales revenue, businesses can assess the impact of variable costs on their profitability.

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The Art of Effective Invoicing: Tips to Get Paid Faster

Invoicera

Are you finding it difficult to get prompt payments for the services offered to clients? Or are you sick of overdue invoices and wondering if there is any secret to a faster paycheck? If yes, you need to learn the art of effective invoicing, eventually changing the whole game of managing business finances. A study by MarketInvoice says 71% of SMEs face late payment issues that ultimately lead to financial strain and operational hiccups.

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What is Disbursement? How It Works, Examples & FAQs

Nanonets

A disbursement refers to paying out or distributing money or funds from a source to recipients. It typically involves releasing funds for specific purposes, such as paying bills, making payments to suppliers, settling loans, or disbursing wages or salaries to employees. Disbursements can occur in various contexts, including personal finance, business operations, government expenditures, and financial institutions like banks and investment firms.

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Block sampling definition

Accounting Tools

Related Courses Guide to Audit Sampling How to Conduct an Audit Engagement What is Block Sampling? Block sampling is a sampling technique used in auditing, where a sequential series of selections is made. This approach is very efficient , since a large cluster of documents can be pulled from one location. However, a more random selection method would do a better job of sampling the entire population.

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Navigating Bleisure Travel: A Guide for Mid-Sized Companies

Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.

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Level 3 inputs definition

Accounting Tools

Related Courses Fair Value Accounting What are Level 3 Inputs? Level 3 inputs are at the bottom of a hierarchy of information sources that range from Level 1 (best) to Level 3 (worst) when dealing with asset and liability fair values. The general intent of these levels of information is to step the accountant through a series of valuation alternatives, where solutions closer to Level 1 are preferred over Level 3.

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Replacement cost definition

Accounting Tools

Related Courses Business Insurance Fundamentals Fair Value Accounting Mergers and Acquisitions What is Replacement Cost? Replacement cost is the price that an entity would pay to replace an existing asset at current market prices with a similar asset. If the asset in question has been damaged, then the replacement cost relates to the pre-damaged condition of the asset.

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Bond indenture definition

Accounting Tools

Related Courses Corporate Cash Management Corporate Finance Treasurer's Guidebook What is a Bond Indenture? A bond indenture is the contract associated with a bond. The terms of a bond indenture include a description of the bond features, restrictions placed on the issuer , and the actions that will be triggered if the issuer fails to make timely payments.

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Fixed overhead spending variance definition

Accounting Tools

Related Courses Cost Accounting Fundamentals What is the Fixed Overhead Spending Variance? The fixed overhead spending variance is the difference between the actual fixed overhead expense incurred and the budgeted fixed overhead expense. An unfavorable variance means that actual fixed overhead expenses were greater than anticipated. This is one of the better cost accounting variances for management to review, since it highlights changes in costs that were not expected to change when the fixed co

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Unlock The Blueprint: How To Construct A Better Payment Workflow

Speaker: Timothy Allsopp

Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.