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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Forecasting Failures Are Costly: Here's How To Fix Them

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

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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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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

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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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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.

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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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How To Break Digital Transformation Barriers And Accelerate AI Adoption

Speaker: Anna Tiomina, MBA

AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?

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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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Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.

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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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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.