Wed.Nov 13, 2024

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FASB proposes to improve interim reporting

Accounting Today

The Financial Accounting Standards Board issued a proposed accounting standards update that aims to improve the navigability of the disclosures that need to be provided for interim reporting periods.

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Choosing the Perfect Outsourced Client Accounting Services for Your Business

Accounting Department

Opting for outsourced client accounting services can significantly conserve time and resources for your business. Nevertheless, locating a reliable outsourcing partner can be difficult. But how can you be sure you’re choosing an outsourced accounting service you can trust? A few characteristics of trustworthy, competent, and reliable accounting services will help you know the provider you chose is the right one.

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Citrin Cooperman buys Signature Analytics

Accounting Today

The acquisition of the San Diego-based outsourced accounting and advisory firm is the latest deal since Citrin received private equity financing.

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What Is the Profit First Method & How to Use to Increase Profits

Fit Small Business

The Profit First method, a cash management strategy for businesses, prioritizes taking profit before paying expenses. It involves using separate bank accounts for income, profit, owner’s pay, taxes, and operating expenses. A predetermined percentage of each sale is allocated to the profit account first, ensuring guaranteed profitability. This system forces businesses to manage expenses within.

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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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'Bitcoin Jesus' fights IRS tax evasion case from Spanish island

Accounting Today

To the Internal Revenue Service, Roger Ver symbolizes a new target in the digital age: a crypto holder suspected of failing to pay taxes after selling tokens.

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Why Is Annual Budgeting Essential for Long-Term Business Success

Analytix Finance & Accounting

Do you feel your business has more potential for growth? Is it frustrating to see your budget plan fall short of maximizing this potential? As a business owner, you know how essential it is to make smart financial choices. Many businesses fail due to poor budgeting and financial planning. Statistics show that approximately 20% of small businesses fail within the first two years, and about 45 % do not survive beyond five years.

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Top 12 Invoicing Software For Legal Firms/Lawyers

Invoicera

Billing for legal services isn’t as glamorous as arguing in court, but it’s certainly essential. In fact, it’s a key part of keeping a law firm running. As shown in the most recent Legal Trends Report , the average lawyer billed just 2.9 hours (37%) of an 8-hour day. This indicates that many lawyers either don’t have enough clients to fill their day or struggle with inefficiencies in their firms that distract from billable work.

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April releases solution for complex tax situations

Accounting Today

AprilPro addresses issues ranging from K-1s and 1099s to AMT calculations and real estate investments.

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Simplify Ad Budgets with Spend Management Software

AvidXchange

Managing ad budgets can be difficult for agencies due to the complexity and variability of campaigns across different client accounts. Spend management software can help agencies more effectively track, control, and optimize their ad budgets across multiple clients, projects, and campaigns. Learn About Spend Management for Advertisers What is Spend Management Software?

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CIA certification is top surging skill

Accounting Today

Certified internal auditor certification, management accounting and company valuation are the top surging accounting and finance skills, according to a new Udemy report.

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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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What Is Merchant Financing?

Fit Small Business

Merchant financing is a way for a business to get a lump sum of funds, with repayments generally determined by a percentage of the company’s sales. This source of funding tends to be easier to get as eligibility criteria are less strict for things like credit score and time in business. The tradeoff, however, is. The post What Is Merchant Financing?

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Survey: Infor leads finance and accounting use cases vs. other ERPs

Accounting Today

A survey of ERP users found Info is used most often for accounting and finance; Microsoft for inventory management; SAP and Oracle for sales and customer relations.

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When to Complete Form 4835 vs Schedule F vs Schedule E

Fit Small Business

While similar, each of these forms has a distinct use. Schedule F: For farmers who are operating farms on their own land or materially participate in crop-sharing arrangements. Schedule E: For farmland owners who lease their farmland for fixed cash rent. Form 4835: For farmland owners who lease their farmland as part of a crop-sharing. The post When to Complete Form 4835 vs Schedule F vs Schedule E appeared first on Fit Small Business.

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Super Micro delays another filing after auditor's resignation

Accounting Today

The server maker has seen more than $50 billion of its market value wiped out over concerns about its accounting.

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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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Small Business Performance Declining According to Xero Data

Insightful Accountant

Xero data shows declining small business performance amidst economic uncertainty. Small business sales are lower than last year, and small businesses are experiencing worsening late payment times.

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MYCPE and Entrigrity merge to form MYCPE One

Accounting Today

Continuing professional education provider MYCPE and staffing solutions provider Entigrity are merging to create a new company, MYCPE One.

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Human Interest: Making Retirement Accessible and Affordable for Small Businesses

Insightful Accountant

At the post Intuit Connect App Academy, Human Interest presented an impactful session on how their retirement solutions simplify 401(k) and 403(b) plans for small and medium-sized businesses.

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Your First Step To No Overtime This Tax Season

Future Firm

Tax season often leads to overtime for firm owners, but it doesn’t have to. Discover a series of simple strategies to break the cycle. The post Your First Step To No Overtime This Tax Season appeared first on Future Firm.

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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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Small Business Performance Declining According to Xero Data

Insightful Accountant

Xero data shows declining small business performance amidst economic uncertainty. Small business sales are lower than last year, and small businesses are experiencing worsening late payment times.

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Understanding Profit Margins: How to Make Your Restaurant More Profitable

Counto

Understanding Profit Margins: How to Make Your Restaurant More Profitable For small restaurant owners in Singapore, understanding profit margins is essential for financial health. Profit margins reveal how much money your business retains after covering costs. By optimising these margins, you can improve profitability, ensuring your restaurant thrives in a competitive market.

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Newest Xero Features

Insightful Accountant

Xero has rolled out a couple of new 'bill' related features. 'duplicate detection' and 'bill quick-view'.

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The costs of NOT using financial technology in your business

Plooto

Financial technology can make life easier for you and your accountant. But do you know how much of an impact NOT adopting fintech can have on your business?

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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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"Input. Input. Input Required" - We need your App Input.

Insightful Accountant

We want to hear from you as to your preferred App Comparison categories. Please take this 1-minute survey to give us your input.

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10 Best Hyperscience Alternatives - Ratings, Reviews & Pricing

Nanonets

Hyperscience is known for its AI-driven document processing capabilities. It offers organizations a robust solution for automating and streamlining data extraction from various document types.  Its unique selling proposition lies in its ability to handle complex, unstructured documents accurately and efficiently.  Some of the key features of Hyperscience include: Advanced data extraction: Utilizes machine learning to accurately extract data from diverse document formats, including hand

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Be Insightful For $1.00 For The First Month

Insightful Accountant

Insightful Accountant is offering a $1.00 first month trial of it's exclusive Be Insightful training program. Credit card required and price reverts to $49 per month after the first month.

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Funding Options for F&B Entrepreneurs in Singapore

Counto

Funding Options for F&B Entrepreneurs in Singapore For F&B entrepreneurs in Singapore, securing the right funding is crucial for the growth and success of your food business. Whether you’re launching a new restaurant or expanding an existing one, understanding your options will help you navigate the financial landscape. This post explores various funding options, including bank loans, government grants, venture capital, and crowdfunding, and provides tips for creating a business pl

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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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8 Most Common Business Loan Terms to Be Aware Of

Fit Small Business

Common business loan terms or criteria can vary based on the type of financing you seek—such as term loans, business credit lines, equipment financing, and merchant cash advances. Depending on the loan type, various terms and conditions of the loan can be applicable and are often influenced by the lender’s risk tolerance and your creditworthiness. The post 8 Most Common Business Loan Terms to Be Aware Of appeared first on Fit Small Business.

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Financial Health Check: Key Ratios for a Successful F&B Business in Singapore

Counto

Financial Health Check: Key Ratios for a Successful F&B Business in Singapore As an F&B business owner in Singapore, your primary focus is likely on delivering exceptional food and service. However, to ensure your long-term success, it’s vital to keep an eye on your financial health. A financial health check is a practical way to assess your business’s financial performance, and key ratios play an essential role in this evaluation.

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2024 Intuit Financial Literacy Survey

Intuit

Minding the Gap: Uncovering the Gender Divide in Financial Literacy Data from the 2024 Intuit Financial Literacy Survey lifts the lid on an important trend: women are less likely than men to feel confident about their finances. This isn’t just a personal issue; it’s a major roadblock standing between women and their life goals, their dream businesses, and their ability to handle everyday money worries.

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Adapting to Rising Costs in Singapore’s F&B Industry: Financial Tips

Counto

Adapting to Rising Costs in Singapore’s F&B Industry: Financial Tips In Singapore’s fast-paced and competitive food and beverage (F&B) industry, rising operational costs have become a significant challenge for many small business owners. Inflation, increased supply prices, and higher utility bills are just a few factors driving up expenses. As a result, F&B business owners need to be proactive and find ways to manage these rising costs without compromising the quality of their offeri

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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.