Tue.Apr 30, 2024

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Tax season 2024: The final numbers

Accounting Today

The number of individual income tax returns received rose by 16.34% in the final week of tax season.

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Fyle Elevates its Game with American Express

Accounting Department

Fyle provides a software solution that empowers small businesses to effortlessly access their corporate credit card transaction data, granting them enhanced insight into employees' expenditures in real time. This software seamlessly integrates with the accounting tools of small businesses, automating the retrieval of expense data and relieving finance teams from the burden of manual transaction input.

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Congress considers how to fix the CTA

Accounting Today

A hearing on Capitol Hill reveals some of the problems with the act, and why we may see 'massive' noncompliance.

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Docyt Partners with X-quic to Deliver Bundled Financial Solution

Insightful Accountant

Docyt and x·quic have partnered to deliver bundled financial services for hotel owners and franchisees.

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Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

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PCAOB recommends root cause analysis

Accounting Today

A staff report from the Public Company Accounting Oversight Board recommends digging into the factors underlying firm deficiencies.

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QuickBooks Recertification Training For May, 2024

Insightful Accountant

It's time to recertify for most QuickBooks Online ProAdvisors ('Core' or 'Advanced'). The recertification window opens May 1 with a June 30, 2024 deadline for exam completion.

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Important Announcement: QB Talks Date Change!

Insightful Accountant

We have an update for May's QB Talks with Alicia Katz Pollock. Take a look!

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Taking the 'fun' out of refunds

Accounting Today

Taxpayers and clients have scads of wrong ideas about taxes — and they have even more wacky notions about tax refunds.

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How to pay Contractors in QuickBooks online?

Nanonets

Businesses increasingly lean on outside contractor support for many operational functions as payroll costs balloon and global talent pools become increasingly accessible. For companies using QuickBooks, a range of self-service contractor payment options are available that, additionally, can be optimized using third-party integrations. We’ll take a quick look at paying contractors through QuickBooks, but, in reality, the process couldn’t be more straightforward for even the least te

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ISSB releases digital sustainability taxonomy

Accounting Today

The International Sustainability Standards Board published a new taxonomy to help investors analyze sustainability disclosures.

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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.

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The Transition to Outsourced Bookkeeping: A Step-by-Step Guide for Small Businesses

Less Accounting

Outsourced bookkeeping is a strategic service that many small businesses turn to in order to maintain accurate financial records without the overhead of a full-time accountant or bookkeeper. This solution can streamline financial management, reduce costs, and allow business owners to focus more on core business operations. However, to effectively leverage outsourced bookkeeping, it’s essential to understand some foundational principles.

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Sovos launches suite for indirect taxes

Accounting Today

Sovos announced the launch of Sovos Indirect Taxes, which features e-invoicing capacities and integrates with over 70 ERPs and transaction management systems.

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What is web scraping? A complete guide

Nanonets

In today's ever-expanding digital landscape, a vast amount of data is available at our fingertips. And this data continues to grow at a rapid pace. As of 2023, there were over 50 billion web pages online. The information on these websites must be scraped and extracted for many different business purposes, ranging from aiding small research projects to training LLMs that power AI models.

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EV maker Polestar delays earnings over accounting errors

Accounting Today

The accounting snarls add to the struggling electric-vehicle maker's issues with cash burn and sluggish auto sales.

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Building a Business Case for Finance Automation

Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.

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IRS Accepting Applications for Tax Counseling for TCE and VITA Grants

Insightful Accountant

IRS accepting applications for TCE and VITA grants, offering funding for organizations to provide free tax return assistance for up to three years.

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CPA planners urge more tax pros to adopt wealth management

Accounting Today

New financial planning questions on the accounting exam could attract more young people and encourage current practitioners to explore the burgeoning ties between the fields.

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5 ways automation breaks the capacity barrier for finance teams

Plooto

When your business is growing rapidly, there’s a lot to celebrate. But growth also brings its challenges — especially when growth is outpacing your hiring. As businesses grow, finance teams often find their workload expanding much faster than their budget or their team. More customer orders mean additional money flowing in and out — which also means more financial transactions to process and more strategic decisions to make.

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Pathways to Growth: Forget cross-selling; 'Land and expand' instead

Accounting Today

At a time when resources are scarce, it makes sense to identify clients that represent the highest potential for the most profitable firm revenue growth.

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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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Harnessing AI to extract data from PDF

Nanonets

In today's digital-first age, the volume of data managed and processed by organizations has skyrocketed, making efficient data extraction techniques more crucial than ever. Particularly, extracting data from PDFs —an often cumbersome and error-prone task—has seen significant advancements with the emergence of Artificial Intelligence (AI).

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In the blogs: Disclosure and discord 

Accounting Today

Welcome, 1099-DA; moving out and moving on; not all CRM is alike; and other highlights from our favorite tax bloggers.

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Automating Sales Order Entry: A Cost-Saving Solution for Companies

oAppsNet

In today’s fast-paced business environment, automating sales order entry has emerged as a cost-saving solution for companies seeking to streamline their sales processes, improve efficiency, and reduce operational expenses. This article explores how automation technology can revolutionize sales order entry systems, offering businesses significant financial benefits and long-term savings. 1.

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5 steps to mastering a holistic services model

Accounting Today

The tools, techniques, strategies and relationships you need to embrace to expand into advisory services.

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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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United Bakers’s Recipe for the Next 100 Years of Success with Dext Prepare

Dext

About United Bakers When Nathan Ladovsky walks between the tables filled with loyal customers at United Bakers, he’s not just working. He’s upholding a century-long tradition, following the steps of his great-grandparents. Recently immigrated from Poland, Aaron and Sarah Ladovsky established United Bakers in 1912.

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How to Pay Contractors in QuickBooks Online?

Nanonets

Businesses increasingly lean on outside contractor support for many operational functions as payroll costs balloon and global talent pools become increasingly accessible. For companies using QuickBooks, a range of self-service contractor payment options are available that, additionally, can be optimized using third-party integrations. We’ll take a quick look at paying contractors through QuickBooks, but, in reality, the process couldn’t be more straightforward for even the least te

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Negative pledge clause definition

Accounting Tools

What is a Negative Pledge Clause? A negative pledge clause is used when a debtor agrees not to grant a security interest in its assets to another party. The terms of this covenant typically state that, if the debtor does grant a security interest in its assets, that the first creditor will be designated as a co-holder of the lien. This approach ensures that the creditor will not be left out of the race to secure the debtor’s assets in the event of the debtor's bankruptcy.

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Member Spotlight: Achieving Credit Success

NACM

NACM's Professional Certification Program gives all credit professionals tools for success. With six levels of certification, credit managers have a wide range of options to learn about—whether it is learning something completely new or brushing up on already acquired skills. Heather Will, CBA, credit manager at Anchor Industries, Inc. (E.

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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.