Wed.Apr 17, 2024

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Commitment to DEI is a leadership imperative

Accounting Today

Diverse teams and inclusive work environments produce better results.

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So… what is carbon accounting?

Xero

Understanding the environmental impact of your business is critical in today’s business environment — and carbon accounting is a fundamental step in this process. With carbon accounting increasingly becoming another compliance measure mandated by regulators, businesses of all types and sizes need to get their emissions numbers in order. This is particularly true if you’re a small business that provides goods and services to a larger organisation.

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Students take a new path to 150 hours

Accounting Today

The first class members of the AICPA and NASBA's pilot Experience, Learn & Earn program are completing their inaugural semester.

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Check Processing Made Easy with Biller Genie Check Scanning

Accounting Department

Our friends at Biller Genie have announced a new software update that is packed with new features designed to streamline the check processing process and enhance the financial operations of businesses. This update introduces innovative features that will revolutionize how businesses manage paper checks and adapt to the future of accounting software integrations.

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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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The IRS 2024 Dirty Dozen

Accounting Today

A phish, a mill and a stroll overseas are just three of the 12 major scams the Internal Revenue Service identified for this year's rogues gallery.

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Why Accounting Firms Should Budget for Managed Security Services in [2024]

Ace Cloud Hosting

Data breaches are on the rise. According to Statista, data breaches impacted 353 million individuals in 2023. Hence, with the increasing cyber threat spectrum, cybersecurity has been a focus for.

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Thomson Reuters Envisions Providing GenAI To Entire Customer Experience

Insightful Accountant

Thomson Reuters has just announced an expanded vision based on providing GenAI assistant for every professional it serves.

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Treasury cash balance hits 2-year high as tax payments rise

Accounting Today

Payments poured in at the government's mid-April deadline for income taxes.

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International Coverage: Mimo Lauches Platform to Simplify B2B Payments

Insightful Accountant

SMB Financial Management Platform Mimo Raises £15.5M and Launches Platform To Simplify B2B Payments. Mimo's financial suite enables businesses to easily manage money-in and money-out, and is already processing millions of pounds in payments for SMBs.

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Video summaries take center stage at tax time

Accounting Today

There are just three things clients want to know at tax time, and video summaries can provide the answers.

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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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A Guide to New FWA Guidelines for Singapore SMEs from Dec 2024 

Counto

A Guide to New FWA Guidelines for Singapore SMEs from Dec 2024 Starting December 1, 2024, Singapore will see a significant shift towards supporting flexible work arrangements (FWAs), as mandated by the newly established Tripartite Guidelines. At Counto , we understand the intricacies these changes bring, particularly for SMEs, and are here to help you navigate through them effectively.

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PCAOB local forums coming to 5 cities

Accounting Today

The Public Company Accounting Oversight Board plans to host a series of five in-person forums this year, with different members of the board visiting cities including Chicago, Los Angeles, Denver, Miami and Jersey City.

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The difference between direct and indirect labor

Accounting Tools

What is Direct Labor? Direct labor includes all labor that varies with production volume. This means the classification is generally limited to those people working on an assembly line or operating production machinery. What is Indirect Labor? Indirect labor is all types of support and supervisory labor, such as janitorial, maintenance, administrative, and management employees.

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Uber raided in tax probe of Portuguese partners

Accounting Today

Food delivery fleets allegedly used false invoices that didn't match the services they provided.

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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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Life cycle costing definition

Accounting Tools

What is Life Cycle Costing? Life cycle costing is the process of compiling all costs that the owner or producer of an asset will incur over its lifespan. These costs include the initial investment , future additional investments, and annually recurring costs, minus any salvage value. Life cycle costing is more heavily used by businesses that place an emphasis on long-range planning, so that their multi-year profits are maximized.

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Hedge fund founder on trial in £1.4B tax scam

Accounting Today

Cum-Ex was a tax-driven trading strategy in which bankers, lawyers and others exploited dividend payout laws across Europe to reap duplicate tax refunds.

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Profit maximization vs. wealth maximization

Accounting Tools

What is Profit Maximization? Profit maximization is the process by which a business arranges its prices and cost structure to achieve the highest possible profit. The central goal of the organization is to increase its profits. This is a short-term goal, since profits can be maximized to the detriment of customers, who may become annoyed at excessively high pricing, and take their business elsewhere over the long term.

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Artificial Intelligence: AI Demystified

Oversight

So, what IS this thing called ‘AI’? That’s an intelligent question nobody should be afraid to ask. Here’s a reasonable working definition to start off with: ‘AI is the ability of a computer or machine to do what previously only humans could do.’ After all, machines have been doing stuff we can do - walking, running, hauling, writing, for centuries. But better.

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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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BigQuery Data Canvas: The Next Big Thing In Data Analytics

Economize

Introduction to BigQuery Data Canvas BigQuery Data Canvas, introduced at Google Cloud Next ’24, marks a significant advancement in the field of data analytics. This innovative platform redefines how data professionals interact with and analyze data by integrating a natural language-driven user experience into Google Cloud’s robust data analytics suite.

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Important Tips for Financial Management in a Business

Invoicera

Introduction We hope that you know the importance of finance in business! “A study by the U.S. Small Business Administration says 82% of businesses fail due to poor cash flow management or a lack of financial understanding.” This startling statistic underscores just how critical financial management is to a business’s growth and survival. Finance is a key to a business’s growth.

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The 4 Goals of Your Discovery Calls

Future Firm

Discovery calls are set up with potential clients to assess and secure new business. Find out how to get maximum leverage from these calls. The post The 4 Goals of Your Discovery Calls appeared first on Future Firm.

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Mastering Remote Employee Onboarding: A Strategic Guide for SMEs

Counto

Mastering Remote Employee Onboarding: A Strategic Guide for SMEs Remote work has transformed how we onboard new employees, making it essential for businesses, especially SMEs, to adapt their onboarding processes effectively. At Counto , we’re committed to helping small businesses thrive by equipping them with the strategies needed for successful remote employee integration.

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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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Seeking an Accounting Manager

Reconciled Solutions

Seeking an accounting manager to help our clients gain visibility and clarity to their financials and run a sustainable business. The post Seeking an Accounting Manager appeared first on Reconciled Solutions.

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Understanding Bank Reconciliation Journal Entries

Nanonets

Introduction to Bank Reconciliation Journal Entries Bank reconciliation is an important process in accounting that ensures the accuracy and integrity of a company's financial records. It involves the comparison between the company’s internal financial records and those of the bank. At the heart of this reconciliation lies the creation of journal entries, which serve to align discrepancies between the company's books and the bank statement.

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Building QuickBooks Online Habits: 5 Things You Should Do When You Log In

Reconciled Solutions

Not all habits are bad. Here are five good QuickBooks Online habits you should develop during each work session. The post Building QuickBooks Online Habits: 5 Things You Should Do When You Log In appeared first on Reconciled Solutions.

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Top Alternatives to Quickbooks in 2024

Nanonets

QuickBooks is one of today’s top accounting and bookkeeping platforms, and its reputation is well-deserved. Dominant across multiple industries and popular with most business sizes, from freelance solopreneurs to enterprise megaliths, QuickBooks covers most common accounting bases and is a well-rounded, general-purpose tool that legions of clients and fans enjoy.

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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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Choosing Between AWS, Azure, and Google Cloud

finout

When it comes to selecting a cloud computing platform, businesses are faced with several powerful options, each with its own unique advantages and capabilities. Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP) are three of the major players in this space. The choice among them should align with your specific needs such as scalability, integration capabilities, and the level of technical support required.

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Second-order revenue definition

Accounting Tools

What is Second-Order Revenue? Second-order revenue is sales that are indirectly generated by an initial customer purchase. This revenue can come from a variety of activities, such as customer referrals, repeat purchases from original customers, or even customers changing employers and buying the product again at their new employer. These sales differ from first-order revenue, which is derived from initial sales to customers.

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Biden mocks Trump Media share drop in broadside over tax plan

Accounting Today

Biden's comments, timed to follow Tax Day, sought to highlight differences between his tax and economic agenda and Trump's.

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Wasting asset definition

Accounting Tools

What is a Wasting Asset? A wasting asset is any asset that will decrease in value over time, and which has a specific useful life. The concept can be applied to fixed assets and natural resources, but is sometimes also applied to certain financial instruments. In most cases, a decline in value is reflected in a reporting entity’s accounting records by an ongoing depreciation or depletion charge.

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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.