Thu.Jan 18, 2024

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Accountants more confident about economy, at least in North America

Accounting Today

Economic confidence among accountants in North America rebounded dramatically in the fourth quarter of 2023, but that boost in confidence didn't happen in most other parts of the world.

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Finding a mentor: When, where, and how

Intuit

A mentoring relationship can help technology professionals at any stage identify new growth opportunities, gain perspective on the challenges they face, and build a network of support as they advance. That’s especially important for women and other underrepresented groups in tech, who often face structural disadvantages and lack a sense of belonging at work.

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Tax Fraud Blotter: Painful lessons

Accounting Today

Shocking behavior; mother's day; Ferrari mad; and other highlights of recent tax cases.

Tax 317
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Rolling Forecasts To Help Business Owners Stay In The Know

Accounting Department

It has been said that human capital is an organization's most valuable asset in today's climate. However, managing your financial assets is the ultimate responsibility of the company leadership. Without sound financial planning and asset management, a business can't thrive. And, ultimately, your human assets will suffer. Forecasting is an essential part of the equation.

Budgeting 197
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From Start to Scale: Driving Growth Through Seamless Payments Implementation

Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting

Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical

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Some tax-exempt groups won't be able to e-file until March

Accounting Today

A limited number of tax-exempt organizations won't be able to electronically file their income tax returns until the middle of March due to technology upgrades.

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Fidesic Features Spotlight: Invoice Payments

Fidesic blog

Looking to digitize vendor payments? Fidesic’s vendor payment solution is your best tool for paying invoices out of Microsoft Dynamics GP and BC.

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More Trending

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Another Look at Dryrun

Insightful Accountant

Murph takes 'another look' at Dryrun, financial forecasting and scenario modeling software that integrates with QuickBooks Online, Xero and other platforms.

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What they'll owe: Income tax brackets for 2024

Accounting Today

The IRS reviews all income tax brackets annually, making adjustments as necessary to balance for inflation.

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12 Steps to Improving the Accounts Payable Process

MineralTree

Optimizing the accounts payable (AP) process involves more than paying vendors on time — it’s also about maximizing efficiency and accuracy with every outgoing payment while managing cash flow to maintain a healthy business. That’s why many AP teams are turning to automation and digitization to eliminate tedious, manual tasks, reduce human error, and ultimately streamline the AP process.

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Andersen merges in Reibman

Accounting Today

The fast-growing international network formed by former partners from Arthur Andersen has expanded to San Diego.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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Functional currency definition

Accounting Tools

What is a Functional Currency? A functional currency is the currency used in the primary economic environment where an entity operates. This is the environment in which an entity primarily generates and expends cash. You should consider the following primary factors in determining an entity’s functional currency: The currency that primarily influences sales prices (usually the currency in which prices are denominated and settled).

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From Starbucks to cash cards, small perks can boost 401(k) enrollment

Accounting Today

Retirement plan sponsors and advisers receive guidance from the IRS on how to legally incentivize plan participation.

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The difference between a journal and a ledger

Accounting Tools

What is a Journal? There may be several journals, each one usually dealing with high-volume areas, such as purchase transactions, cash receipts, or sales transactions. Less frequent transactions, such as depreciation entries, are generally clustered into the general journal. Information is recorded in journals in chronological order by individual transaction, which makes it easier to sort through information and find the specific items that users need.

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Fishing fee case may lead Supreme Court to limit US agency powers

Accounting Today

The justices heard two appeals that could constrain environmental, consumer-protection and financial regulators.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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How to Niche Down, Hire Remote, and Build Strong Partnerships w/ Brad Schuchardt

Jetpack Workflow

Podcast Summary In this episode of Growing Your Firm, David Cristello interviews Brad Schuchardt, founder of BTBK Accounting Services. Brad specializes in providing full-service accounting solutions to restaurants, offering accurate financial information and strategic business insight. They discuss Brad’s journey into his niche, marketing strategies, and scaling up his firm.

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GCP’s new FOCUS BigQuery View for a Standardized Billing

Economize

The new BigQuery FOCUS view is an effort from GCP to simplify the cloud billing efforts taken by Organizations using a multi-cloud environment. Being a core contributor to the FinOps FOCUS Project, GCP has taken a significant step towards standardizing cloud cost management.

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Steps to Reconcile Vendor Statements

oAppsNet

The reconciliation of vendor statements emerges as a pivotal process, ensuring accuracy, transparency, and robust vendor relationships. This comprehensive guide outlines essential steps for navigating the complexities of vendor statement reconciliation and dives deeper into advanced strategies, providing businesses with a roadmap to financial precision and operational excellence. 1.

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3 Methods to Combine PDFs

Nanonets

Managing a multitude of documents efficiently is a common challenge. Many individuals and professionals often find themselves juggling multiple PDF files, each containing essential information. Combining PDF files arises from the need to streamline document organization and enhance accessibility. This blog aims to guide you through the process of merging PDF files, offering a solution to the scattered puzzle of documents in your digital workspace.

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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

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Mastering Payroll Management: A Guide for Employers in Singapore

Counto

Mastering Payroll Management: A Guide for Employers in Singapore Effective payroll management is crucial for employers in Singapore to ensure compliance with labor laws and maintain a smooth employee-employer relationship. In this comprehensive guide, we’ll delve into the intricacies of managing payroll in Singapore, covering essential aspects to help you streamline your payroll processes and avoid legal pitfalls.

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LedgerDocs and Dropbox Partner Again! Effortless Bank Statement Filing is Now Possible.

LedgerDocs

We have recently brought back a game-changing integration set to transform the way you handle your bank statements in LedgerDocs. We are excited to announce the return of a dynamic partnership – LedgerDocs and Dropbox. In this blog post, we will explain how this integration works and how you can leverage it to make your workflow more efficient. How Does the Magic Happen?

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Construction Company Cuts Weekly AP Processing by 25+ Hours

AvidXchange

Jackson Land Development Jackson Land Development is a Pompano Beach, Florida-based business that delivers underground construction services, including excavation and finish grading, to residential and commercial land developers. The company’s mission is to be an industry leader, providing ultimate value and satisfaction to its customers. Jennifer Garten is a project coordinator and accounting assistant for Jackson Land Development’s accounts payable (AP) team. • Products Used: AvidXchange Timbe

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Best 6 Purchase Order Software in 2024

Nanonets

In the world of business, efficiency and accuracy are key. One critical aspect where these qualities play a vital role is in the handling of purchase orders. A purchase order is more than just a document; it's a fundamental component of business transactions, governing the purchasing of products or services. Traditionally, managing purchase orders has been a complex and paper-heavy process, often leading to inefficiencies and errors.

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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

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Affordable housing advocates heartened by tax extenders deal

Accounting Today

Proponents of affordable housing are praising provisions related to the Low-Income Housing Tax Credit in the tax extenders bill that was unveiled this week, saying they could result in financing over 20,000 homes.

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Asset stripping definition

Accounting Tools

What is Asset Stripping? Asset stripping involves the acquisition of a business in order to sell off its assets for a profit. This situation usually arises when the acquirer believes that some acquired assets can be sold off at an enhanced price. By doing so, the acquirer can recover its invested funds and turn a profit. Asset stripping is more likely to occur when the stock price of a business has fallen below the book value of its tangible assets.

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Calling all NACM Members

NACM

?Tell us about the most helpful benefits of being an NACM Member in our latest eNews poll by clicking the link below ⬇[link]

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Preventive control definition

Accounting Tools

What is a Preventive Control? A preventive control is used to keep a loss or an error from occurring. These controls are typically integrated into a process, so that they are applied on a continual basis. They are especially common when the severity of a loss is considered to be quite high, so that their imposition will lower the probability of any loss ever occurring.

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Solve Your Firm's Automation Complexities Once and For All

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.

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Fair market value definition

Accounting Tools

What is Fair Market Value? Fair market value is the price that two parties are willing to pay for an asset or liability , if both parties are well-informed about the item in question, neither one is under pressure to buy or sell, and there is no time pressure to complete the deal. If these conditions are present, the final price established between the parties should reasonably reflect the fair market value of the asset or liability on the date of the transaction.

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Fiscal year

Accounting Tools

What is a Fiscal Year? A fiscal year is the twelve-month period over which an entity reports on the activities that appear in its annual financial statements. This period does not have to correspond to the calendar year. For example, a fiscal year might span the period from May 1 to April 30 of the following year. The span chosen usually corresponds to the natural business cycle of an entity.

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Payroll definition

Accounting Tools

What is Payroll? A payroll is the total amount of compensation paid to employees , covering the period from one pay day to the next pay day. Thus, the payroll for a company that pays its employees on a weekly basis covers a seven-day period. This compensation amount will likely vary over time, since it may include one-time payments for overtime , bonuses, and so forth.

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Journal voucher definition

Accounting Tools

What is a Journal Voucher? A journal voucher is a document on which is stored the essential information about an accounting transaction. This voucher contains a unique identifying number, the transaction date, transaction description, and transaction amount. It also contains the accounts impacted, supporting references to documentary evidence, and authorizing signatures.

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Confronting the Change Challenge

Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.