Wed.Jun 26, 2024

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5 ways accountants are using AI to streamline workloads

Accounting Today

Accountants are adding AI tools to their work, saving time and becoming more efficient.

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Inventory Management Strategies To Maximize Efficiency

Accounting Department

From a manufacturing perspective, inventory is everything for business owners that can significantly impact their financial well-being. That is why effective inventory management is of utmost importance for manufacturers or other businesses that keep things on the shelves.

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Taxpayer Advocate spotlights problems with IRS assistance

Accounting Today

The Internal Revenue Service isn't doing enough to help victims of identity theft receive their tax refunds, according to a report from National Taxpayer Advocate Erin Collins, and its statistics on answering phone calls are misleading.

Tax 331
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Introducing The Ask Lisa YouTube Series!

The Successful Bookkeeper

Learn about the launch of the Ask Lisa video series and how it can help bookkeeping business owners!

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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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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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Founder Files: Eliminating busy season

Accounting Today

Logan Graf is documenting his accounting firm's journey to eliminating busy season on his YouTube channel.

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What CFOs Are Thinking: AI, Talent Crisis, Gen Z, and More

Cloud Accounting Podcast

Adam Zaki of CFO.com joins Blake and David to explore the trends reshaping the industry, from AI to the talent shortage. They dive into the murky waters of corporate financial controls and audit practices. They also examine what makes a truly effective CFO in today's dynamic business environment and why authenticity might be the most valuable trait in a leader's toolkit.

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100 Funniest Tax Memes to Make Tax Season Entertaining

Ace Cloud Hosting

Looking for a dose of humor in the midst of tax season? Dive into our collection of the funniest tax memes that will make even the most daunting financial tasks.

Tax 59
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Santander renews $140M audit with PwC

Accounting Today

Banco Santander decided to renew its contract with PricewaterhouseCoopers, potentially keeping one of Europe's biggest such relationships with the firm until 2035.

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Is Your Firm Prepared for Dispersed Teams?

Insightful Accountant

Recent workplace changes have sped up shifts in how and where accountants work. Firms of all sizes have long been exploring dispersed teams.

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FASB proposes simplified guidance on software costs

Accounting Today

The FASB voted to propose a new ASU that would, among other things, remove the distinction between linear and nonlinear development methods.

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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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Why You Should Participate in the ProAdvisor Awards

Insightful Accountant

Murph seeks to help you get ready for Insightful Accountant's 2025 ProAdvisor Awards process that will begin in July (2024). This includes a few fundamental changes to this year's requirements.

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Talent scarcity puts renewed focus on AI tax tech

Accounting Today

While some news reports have sensationalized the arrival of artificial intelligence as a risk for the accounting industry, it represents the biggest opportunity to modernize the profession since the advent of the spreadsheet.

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Reminder

Future Firm

In business, we often lose sight of what’s truly important. This episode serves as a reminder to re-center and focus on what matters most. The post Reminder appeared first on Future Firm.

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IRS advisory group recommends regulating tax preparers

Accounting Today

An influential advisory committee to the Internal Revenue Service is asking Congress to regulate noncredentialed tax preparers and boost funding for the IRS and the National Taxpayer Advocate.

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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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Can You Put a Business in a Trust?

CSI Accounting & Payroll

If you own a small business, you probably have a plan for what you want to happen to it when you’re not around one day. Maybe you know who you want to run it, or maybe you have an idea of how to split up ownership.

Tax 52
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IRS looks to settle with some conservation easement participants

Accounting Today

Some participants will get a letter next month outlining a potential settlement offer.

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Can a Foreigner Open a Bank Account in Singapore? A Comprehensive Guide

Counto

Can a Foreigner Open a Bank Account in Singapore? A Comprehensive Guide Setting up a bank account in Singapore as a foreigner can be a crucial step for SMEs, small business owners, entrepreneurs, and individuals looking to establish a company in Singapore. With its robust financial infrastructure and business-friendly environment, Singapore is an attractive destination for foreign investments and business operations.

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Kenya scraps $2.3B tax plan after deadly protests

Accounting Today

Kenyan President William Ruto said he's withdrawing a contentious tax bill after it led to the deaths of at least 23 people.

Tax 182
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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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Mastering AWS Cost Management: Tools, Services, and Best Practices

finout

Discover how AWS Cost Management tools help optimize cloud spending. Learn about key tools, best practices, and strategies for maximizing efficiency.

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Brazil unveils global billionaire tax plan that has split G-20

Accounting Today

The proposal calls for a 2% minimum tax that would hit about 3,000 of the world's richest people, and is set for debate when G-20 finance ministers gather in Rio de Janeiro next month.

Tax 182
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Bank Reconciliation Example: Simple Guide & Statement Template

Nanonets

What Is a Bank Reconciliation Statement? A bank reconciliation statement is a financial document that compares a company's bank account balance to the transactions recorded on its general ledger, often called the "cash books." The purpose of performing the bank reconciliation is to identify discrepancies and adjust entries so that the transactions are aligned with each other.

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98% of accountants have used AI, mostly for data entry and processing

Accounting Today

Pretty much every accountant has used AI in one form or another, with the most common use case being data entry and processing, according to a poll from Intuit QuickBooks.

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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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Accounting irregularities, fictitious purchases wipe 10% off bookstore's shares

Accounting Today

A chain of second-hand bookstores may not immediately sound like the setting for a tale of stock-market volatility, but Bookoff Group Holdings Ltd. shares tumbled 10% after discovering fictitious purchases by employees.