Mon.Nov 06, 2023

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Ohio floats plan to recruit more CPAs

Accounting Today

The Ohio Society of CPAs is working on an action plan to attract more young people to the accounting profession.

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Xero welcomes new members to Aotearoa New Zealand’s Partner Advisory Council

Xero

Xero has the pleasure of welcoming seven new members to its new Xero Partner Advisory Council (XPAC). The XPAC has been reintroduced into Aotearoa and is made up of a diverse panel of accountants and bookkeepers who are both thought leaders and trailblazers for the needs of the sector. The latest members are as follows: Trudi Ballantyne – Director, Stem Rural Accountants Limited Louise Holmes – Director, Red Office Limited Manoli Aerakis – Managing Director, Malloch McClean T

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Firms look at ways to attract young people to accounting

Accounting Today

Accounting firms need to pay more to bring young people into the profession, as starting salaries are still lagging compared to other fields, and they have to make other changes in how the job is structured.

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Bigger than Accounting: How Accountants Can Guide Clients to Financial Success this Holiday Season

Insightful Accountant

For most people, this time of year is synonymous with joy, festivities, and of course, holiday shopping. However, for business owners and individuals alike, it can also be a season of financial stress and anxiety.

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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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The ERC nightmare

Accounting Today

Lots of businesses have claimed the Employee Retention Credit who don't actually qualify for it — and in many cases it's going to be up to their accountants to set them right, says Randy Crabtree.

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Future Forward: Niches, Trends, and Predictions of 2024 | December 5-6, 2023

Insightful Accountant

This is your chance to connect with your peers, find out the latest updates, and explore best practices and industry trends on December 5-6, 2023. The theme is Niches, Trends, and Predictions of 2024.

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The Traits of a Top ProAdvisor

Insightful Accountant

As we approach the opening of the 2024 ProAdvisor Awards process, I wanted to remember all candidates of what it takes to make it to the top. In 2021, Matt Fulton set-down the "right stuff" when it comes to being 'Best of the Best.

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Ex-Fortis banker convicted over €51.5M Cum-Ex tax cheat

Accounting Today

A German banker was sentenced to three years and three months for his role in the international tax trading scandal.

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Intuit Report Reveals Consumer Shopping Holiday Predictions

Insightful Accountant

A new Intuit QuickBooks report unveils what might be one of the biggest consumer shopping trends for this holiday season: shopping small.

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Top 11 Inventory Software That Integrates With QuickBooks in 2023

Ace Cloud Hosting

Are you tired of manually tracking your inventory and reconciling it with your QuickBooks account? Look no further, as we present to you the best inventory software integrations for QuickBooks.

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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 Implications of AI on Data Privacy and Security

Dext

Artificial intelligence (AI) has made its way across every corner of the business world, fundamentally altering the way we work. For accountants, this revolution brings along a host of advantages, from automated reports to real-time financial analytics. The allure is unmistakable.

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Effortlessly generate IAM policies with AWS Access Analyzer

Economize

Security is paramount in AWS cloud services. Organizations rely on tight security for data privacy and to meet compliance regulations. IAM policies are at the heart of this, designed to give access based on the least privilege concept. They ensure only necessary users access critical data and resources.

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Problems Working With CSI Accounting & Payroll

CSI Accounting & Payroll

When small business owners are looking for new outsourced solutions, they want to know the good, the bad, and the ugly. At CSI Accounting & Payroll, we’ve welcomed client feedback for over 50 years. We especially welcome negative feedback because we’re skeptical of any business that has a perfect 5-star rating. We believe you should be skeptical, too.

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Seeking an Accounting Manager

Reconciled Solutions

Help our clients gain visibility and clarity to their financials so that they can grow, improve profits, and improve efficiency. The post Seeking an Accounting Manager appeared first on Reconciled Solutions.

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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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Tax Planning for Beginners: 6 Tax Strategies & Concepts To Know

Outsourced Bookeeping

Taxes are not an easy thing to tackle; especially for first-timers in the finance and business realm. Nonetheless, tax strategies are vital in prudent financial management, regardless of whether one is an individual taxpayer or a company proprietor. You should be able to understand your tax obligations in a way that you make decisions, which will reduce the tax liabilities and help in the realization of the financial objectives.

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Activity-based budgeting definition

Accounting Tools

Related Courses Budgeting Capital Budgeting What is Activity-Based Budgeting? Activity-based budgeting is a planning system under which costs are associated with activities , and expenditures are then budgeted based on the expected activity level. This approach differs from the more traditional budgeting system, where existing cost levels are adjusted for inflation and major revenue changes in order to derive the annual budget.

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Xero Beautiful Business Fund: Congratulations to our partner referral winners!

Xero

Wow – what an amazing response we’ve had to the Xero Beautiful Business Fund! There are truly some incredible small businesses out there in the world, and some wonderful accountants and bookkeepers who support them. Thank you to everyone that has applied, and for helping get the word out and encouraging small businesses to get involved. We’re pleased to announce the winners of our partner referral competition below: Visa card winners (drawn from those who had 1 – 9 referrals) Entrant

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Time-based management definition

Accounting Tools

Related Courses Activity-Based Management New Manager Guidebook What is Time-Based Management? Time-based management focuses on reducing the amount of time required to complete a process. The concept is most commonly employed in the production area, where time reduction eliminates labor and inventory holding costs, thereby making a company's products more cost -competitive.

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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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Xero Beautiful Business Fund: Congratulations to our partner referral winners!

Xero

Wow – what an amazing response we’ve had to the Xero Beautiful Business Fund! There are truly some incredible small businesses out there in the world, and some wonderful accountants and bookkeepers who support them. Thank you to everyone that has applied, and for helping get the word out and encouraging small businesses to get involved. We’re pleased to announce the winners of our partner referral competition below: Visa card winners (drawn from those who had 1 – 9 referrals) Entrant

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Fees earned definition

Accounting Tools

Related Courses Revenue Management Revenue Recognition What are Fees Earned? Fees earned is a revenue account that appears in the revenue section at the top of the income statement. It contains the fee revenue earned during a reporting period. The amount reported as fees earned would be the amount of cash received from customers during the reporting period, if the reporting entity is operating under the cash basis of accounting.

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Eric Trump says in NY fraud trial he'd never sign inaccurate documents

Accounting Today

The son who helps run the former president's real estate business testified that financial documents sent by his father's company to Deutsche Bank were "accurate," even though a judge has already determined they were fraudulent.

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Nested booking limit definition

Accounting Tools

Related Courses Revenue Management Revenue Recognition What is a Nested Booking Limit? A nested booking limit is a booking rule that allows full-priced reservations to intrude upon the capacity block that had been set aside for reservations at a lower price. Example of a Nested Booking Limit For example, an airline sets up a booking limit on a forthcoming flight, where 75 seats are priced at $100 each and 25 seats are priced at $200, with no refunds allowed for the $100 tickets.

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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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Trump shouts at judge and lawyers in wild day on witness stand

Accounting Today

Trump acknowledged he had a hand in preparing the financial statements that valued his properties.

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Bridge financing definition

Accounting Tools

Related Courses Corporate Cash Management Corporate Finance Treasurer’s Guidebook What is Bridge Financing? Bridge financing is any type of short-term financing arrangement used to keep a business solvent until it can arrange for longer-term financing. This financing is needed to fund a firm’s operational needs, usually in relation to its expected working capital requirements.

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Equity turnover definition

Accounting Tools

Related Courses Business Ratios Guidebook Financial Analysis The Interpretation of Financial Statements What is Equity Turnover? Equity turnover is a ratio that measures the proportion of a company's sales to its stockholders' equity. The intent of the measurement is to determine the efficiency with which management is using equity to generate revenue.

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Calendarization definition

Accounting Tools

Related Courses Budgeting What is Calendarization? Calendarization involves spreading the recognition of a transaction over more than one reporting period. This is usually done on a consistent basis over time. However, if the consumption of an expenditure is uneven over time, then the associated calendarization can be designed to charge it to expense in differing amounts per month to match the consumption level, such as half of the total amount in the first month and one quarter in each of the f

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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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Tax return position definition

Accounting Tools

Related Courses Ethics for Enrolled Agents Tax Research Techniques What is a Tax Return Position? A tax return position is reflected on a tax return on which an accountant has advised a taxpayer, or a position for which the accountant knows the relevant facts and, based on those facts, has decided whether the position taken is appropriate. The following points apply to the accountant who is developing a tax return position.

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Paperless accounting concepts

Accounting Tools

Related Courses Lean Accounting Guidebook New Controller Guidebook How Does Paperless Accounting Work? Paperless accounting involves transaction processing that is entirely electronic, with no paper involved in any business process. The intent is to streamline processes, reduce transaction error rates , and eliminate document storage. However, this is more of a concept than a reality in most organizations.

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Segment reporting definition

Accounting Tools

Related Courses Public Company Accounting and Finance Segment Reporting Essentials What is Segment Reporting? Segment reporting is the reporting of the operating segments of a company in the disclosures accompanying its financial statements. Segment reporting is required for publicly-held entities, and is not required for privately held ones. Segment reporting is intended to give information to investors and creditors regarding the financial results and position of the most important operating u

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Fair value option definition

Accounting Tools

Related Courses Fair Value Accounting What is the Fair Value Option? The fair value option is the alternative for a business to record its financial instruments at their fair values. GAAP allows this treatment for the following items: A financial asset or financial liability A firm commitment that only involves financial instruments A loan commitment An insurance contract where the insurer can pay a third party to provide goods or services in settlement, and where the contract is not a financial

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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.