Mon.Nov 04, 2024

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Why accounting firms are bleeding talent

Accounting Today

Stagnating wages and gaps in career path awareness have pushed young professionals away from accounting, leading to a dearth of candidates and leaving firms scrambling to find a solution.

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The Best B2B Dispute Management Tools of 2024

Gaviti

Whether due to error, financial trouble or the non-delivery of goods or services, disputes are unavoidable in the world of accounts receivable. Traditionally, they are managed through a lengthy, tedious manual process that lacks visibility into the process in real time. As companies scaled and these disputes increased, however, businesses started to turn to dispute automation for a more efficient dispute management process for collections and dispute management.

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EY forms Global AI Advisory Council

Accounting Today

Big Four firm Ernst and Young announced the formation of the Global AI Advisory Council, which will act as a sounding board as EY manages the extensive scale of AI deployments.

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Nominations for 2025 ProAdvisor Awards Continue

Insightful Accountant

It's not too late, you can still tell that 'special ProAdvisor' in your life just how much you think of them by nominating them for the 2025 ProAdvisor Awards. Whether they are U.S. or International ProAdvisor we're still accepting nominations.

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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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FASB issues standard on income statement expenses

Accounting Today

In response to demand from investors, public companies will be required to disclose more information about certain expenses in the notes to financial statements.

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1099-MISC Instructions: Filling Steps and FAQs Answered

Tipalti

Boxes on the new Form 1099-MISC are rearranged and renumbered. Boxes 15 through 17 apply to states. Follow IRS 1099-MISC Instructions to complete the tax form. Some exceptions for 1099-MISC reporting aren’t included in this article.

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Tired of 20+ Page Organizers? Here’s How to Make Tax Season a Breeze

Insightful Accountant

Tax season can be a challenging time for both accountants and clients, particularly when it comes to collecting accurate and complete tax information. A primary source of frustration for accountants is the use of traditional tax organizers.

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PCAOB updates standard-setting, rulemaking agendas

Accounting Today

The Public Company Accounting Oversight Board staff updated its short- and mid-term standard-setting agenda as well as its rulemaking agenda.

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The Human Touch: Why Personalized Bookkeeping Services Matter for Small Businesses

Less Accounting

In the age of automation and digitalization, small businesses have access to a plethora of tools and software designed to streamline their operations. While automation undoubtedly offers numerous benefits, there’s still something irreplaceable about the human touch, especially when it comes to bookkeeping. In this blog post, we’ll explore why personalized bookkeeping services matter for small businesses and the unique advantages they offer in an increasingly automated world.

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Is PE right for you?

Accounting Today

Private equity is a solution to many firm problems — but not for all firms. Allan Koltin dives into who might be a good fit for PE, and more.

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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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How to Understand Business Performance: From a Profit and Loss Perspective

Counto

How to Understand Business Performance: From a Profit and Loss Perspective This Standard Operating Procedure (SOP) covers how small business owners in Singapore can understand their business performance through a financial statement known as the Profit and Loss Statement (P&L) or Income Statement. The Income Statement summarises revenues, costs, and expenses incurred during a specific period, usually a fiscal quarter or year.

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PCAOB board member complains of persecution by senators

Accounting Today

Christina Ho said Sens. Elizabeth Warren and Sheldon Whitehouse are unfairly singling her out for audit failures at firms.

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Cloud Forecasting: Techniques, Challenges & 6 Best Practices

finout

What Is Cloud Forecasting? Cloud cost forecasting is crucial for organizations operating in the cloud because it directly impacts financial planning and resource management. As businesses increasingly migrate workloads to cloud environments, managing costs becomes complex due to the dynamic nature of cloud services, such as on-demand pricing models and scaling capabilities.

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Art of Accounting: Catch someone doing something good

Accounting Today

Many managers are not in the habit of telling people they did something good.

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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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1099 Rules

Tipalti

Stay compliant in 2024: unravel Form 1099 rules to help navigate tax regulations seamlessly and stay on top of the constantly-changing business taxes landscape.

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M&A roundup: KSM, KNAV and ATKG expand

Accounting Today

KSM adds SGKK; KNAV merges in HLG Netherlands; ATKG combines with SPR.

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Join us for App Academy - Tomorrow 11/6/2024

Insightful Accountant

Murph is excited to be joining the team for Wednesday's App Academy. He will be sharing insights and commentary on the five participating app solutions.

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Taxes, tariffs and more: 5 key economic stakes of the US election

Accounting Today

The U.S. election on Tuesday will have far-reaching economic consequences, ranging from how Americans are taxed to how the country trades with the rest of the globe.

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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.