Thu.Oct 26, 2023

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How homeowners can benefit from the Inflation Reduction Act's tax credits

Accounting Today

The legislation incentivizes consumers to buy energy-efficient electric appliances, clean vehicles, rooftop-solar and home energy storage systems.

Tax 336
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ADC Reinvents at EO Nerve 2023

Accounting Department

Our team rounded out another successful year of EO events last week while attending EO Nerve. ADC Business Development Representative, Shawn Marcum, and Content Manager, Mike DeFusco, attended the multi-day event in Tampa, FL.

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Accountants feel less confident in economy

Accounting Today

Accountants and financial professionals are feeling less upbeat about the economy in North America in the second quarter of the year, according to a quarterly survey from the IMA and ACCA.

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Artificial Intelligence in Accounts Payable

Cevinio

How AI simplifies Accounts Payable invoice processing The rapid evolution of artificial intelligence in accounts payable is reshaping the possibilities of business automation. AI is currently revolutionizing various sectors including software development, consulting, legal practice, content marketing, finance, and so on – all at breakneck speed. In this blog post, we analyze how these technologies simplify this core business function.

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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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Tax Fraud Blotter: Bad housekeeping

Accounting Today

Meating their fate; write-off rip-off; a dent in his plans; and other highlights of recent tax cases.

Tax 306
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The Secrets to Lasting Business Growth for Non-Marketers

Insightful Accountant

Everything comes down to marketing. Balanced Awakenings' Dr. Hannah Yang provides some insights practice owners can use to help leverage their market strategies and build momentum.

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Hitch Your Wagons 'Pardner' for the Best Migration Yet

Insightful Accountant

'Wagons Ho.' Murph's guiding you on the trail of migration from QuickBooks Desktop to QuickBooks Online. So, you better get to readin' cause you don't wanna get left behind.

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Lance CPA Group founder Joshua Lance dies

Accounting Today

The entrepreneur and accounting firm leader was 40.

CPA 200
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Top Cloud Models for QuickBooks Desktop

Ace Cloud Hosting

As technology continues to evolve rapidly, it is no surprise that small businesses and entrepreneurs are constantly looking for innovative ways to enhance their operations. While QuickBooks Desktop has been.

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Hiring Hybrid for Tax Season (and Beyond)

accountingfly

Hiring Hybrid for Tax Season (and Beyond) Having trouble staffing up for tax season? You’re not alone! The market is tough: candidate supply is still historically low, and many candidates are still looking for remote roles. Meanwhile, many firms are adopting rigid return-to-office policies, which limits their candidate pool to the local market (instead of hiring nationally) and is less appealing to candidates.

Tax 104
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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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How to Systemize Your Firm to Take Maternity Leave w/Melissa L. Miranda, CPA

Jetpack Workflow

Podcast Summary In this episode, host David Cristillo interviews Melissa Miranda, a certified public accountant and owner of Step-by-Step Accounting. They discuss the importance of preparing for maternity leave as a business owner and how to structure your team and workflow. Whether it’s maternity leave or any other extended absence, Melissa shares valuable insights on setting up processes that can be applied across the board.

CPA 98
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A Guide to AP Automation Technology

MineralTree

Automation is reshaping the way companies manage their financial operations, especially in accounts payable (AP). Understanding how AP automation works and how it streamlines AP processes is vital to keeping your company ahead of the curve in a rapidly evolving business finance landscape. AP efficiency is more important than ever given the growing need to do more with less.

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The benefits of total quality management

Accounting Tools

Related Courses Quality Management Fundamentals Total quality management (TQM) is a general philosophy of gradually improving the operations of a business. This is done through the application of rigorous process analysis by every involved employee and business partner. TQM is usually applied at the tactical front-line level, where production, clerical, and low-level managers are deeply involved.

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Ace Cloud Celebrates Second Consecutive Win for CPA Practice Advisor Readers’ Choice Award

Ace Cloud Hosting

Businesses are seeking solutions that can help them maintain their competitive edge. At Ace Cloud, we have been providing cloud hosting solutions for accounting professionals for several years. Our dedication.

CPA 59
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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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Commission expense accounting

Accounting Tools

Related Courses Human Resources Guidebook Optimal Accounting for Payroll Payroll Management What is a Commission? A commission is a fee that a business pays to a salesperson in exchange for his or her services in either facilitating, supervising, or completing a sale. The commission may be based on a flat fee arrangement, or (more commonly) as a percentage of the revenue generated.

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Phone Interviews: Impressing the Non-Accountant Recruiter

Blake Oliver

Have you ever stressed about impressing a recruiter on a phone screening interview? Here are some valuable tips for acing phone screens with recruiters, according to Mike Manalac, CPA , who used these strategies to land his dream accounting job at Google. Mike points out that the recruiter is most likely not an accountant. So dazzling them with technical expertise often backfires.

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Net salary definition

Accounting Tools

Related Courses Human Resources Guidebook Optimal Accounting for Payroll Payroll Management What is Net Salary? Net salary is the amount of take-home pay remaining after all withholdings and payroll deductions have been removed from a person’s salary. The residual amount is then paid to the employee in cash.

Payroll 75
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Achieving the Dream

Tipalti

Achieving the Dream successfully moved all their suppliers to Tipalti in just three months during a busy audit season. They experienced faster payments and cut their workload in half.

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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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8 Best Bookkeeping Hacks Every Small US Business Owner Should Know

Outsourced Bookeeping

Careful management of a small business’s finances is essential for financial health. Bookkeeping is an important aspect of ensuring the sustainability and growth of small businesses and startups in the US. Nevertheless, the work does not have to be hard. With appropriate tactics and a couple of bookkeeping tricks, small company owners incur minimum costs and save a lot of time in managing their finances.

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The cost principle

Accounting Tools

Related Courses Accountants' Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook What is the Cost Principle? The cost principle requires one to initially record an asset , liability , or equity investment at its original acquisition cost. The principle is widely used to record transactions , partially because it is easiest to use the original purchase price as objective and verifiable evidence of value.

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Functional organizational structure definition

Accounting Tools

Related Courses New Manager Guidebook Understanding Organizational Behavior What is the Functional Organizational Structure? The functional organizational structure organizes the activities of a business around areas of specialization. For example, there may be a marketing department that focuses solely on marketing activities, a sales department that only engages in sales activities, and an engineering department that only designs products and manufacturing facilities.

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Control account definition

Accounting Tools

Related Courses Bookkeeper Education Bundle Bookkeeping Guidebook What is a Control Account? A control account is a summary-level account in the general ledger. This account contains aggregated totals for transactions that are individually stored in subsidiary-level ledger accounts. Control accounts are most commonly used to summarize accounts receivable and accounts payable , since these areas contain a large volume of transactions, and so need to be separated into subsidiary ledgers , rather t

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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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Construction work in progress definition

Accounting Tools

Related Courses Construction Accounting Fixed Asset Accounting How to Audit Fixed Assets What is Construction Work in Progress? Construction work in progress is a general ledger account in which the costs to construct a fixed asset are recorded. This can be one of the largest fixed asset accounts, given the amount of expenditures typically associated with constructed assets.

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Funds from operations definition

Accounting Tools

Related Courses The Interpretation of Financial Statements Real Estate Accounting Real Estate Tax Guide What are Funds from Operations? Funds from operations is the cash flows generated by the operations of a business, usually a real estate investment trust (REIT). This measure is commonly used to judge the operational performance of REITs, especially in regard to investing in them.

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Mid-quarter convention definition

Accounting Tools

Related Courses Fixed Asset Accounting How to Audit Fixed Assets What is the Mid-Quarter Convention? The mid-quarter convention states that a business acquiring fixed assets in a reporting quarter should account for them as though they were acquired at the mid-point of the quarter. Thus, assets acquired at the beginning and end of a quarter would both be recognized as though they were acquired as of the middle of the quarter.

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Net income from continuing operations definition

Accounting Tools

Related Courses The Income Statement The Interpretation of Financial Statements What is Net Income from Continuing Operations? Net income from continuing operations is a line item on the income statement that notes the after-tax earnings that a business has generated from its operational activities. Since one-time events and the results of discontinued operations are excluded, this measure is considered to be a prime indicator of the financial health of a firm’s core activities.

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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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Nonexempt employee definition

Accounting Tools

Related Courses Human Resources Guidebook Payroll Management What is a Nonexempt Employee? A nonexempt employee is an individual who must be paid overtime by the employer when the person works in excess of 40 hours per week. This means the employer pays the person a time-and-a-half rate for all hours worked in excess of 40 hours. This designation is applied to an employee who is covered by the provisions of the Fair Labor Standards Act (FLSA).

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Net payroll payable definition

Accounting Tools

Related Courses Payroll Management The Balance Sheet What is Net Payroll Payable? Net payroll payable is the cash amount of compensation payable to employees as of a reporting date. “Net” is used in the term because this is the residual amount of compensation left after all taxes and voluntary deductions have been removed from the gross amount payable to employees.

Payroll 40
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How to calculate the weighted average interest rate

Accounting Tools

Related Courses Corporate Finance Treasurer's Guidebook The weighted average interest rate is the aggregate rate of interest paid on all debt. The calculation for this percentage is to aggregate all interest payments in the measurement period, and divide by the total amount of debt. The formula is: Aggregate interest payments ÷ Aggregate debt outstanding = Weighted average interest rate This calculation is frequently used by individuals who are considering consolidating their debts, and want to

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Net proceeds definition

Accounting Tools

What are Net Proceeds? Net proceeds is the amount of funds received from a sale transaction, after all sale-related fees have been paid. Examples of these fees are closing costs, commissions , and credit card fees. These fees do not include the cost of the asset that was sold. Example of Net Proceeds An artist sells a painting through an art gallery for $10,000.

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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.