Mon.Oct 21, 2024

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AICPA looks to ease accountant shortage in public sector

Accounting Today

The American Institute of CPAs teamed up with the National Association of State Auditors, Comptrollers and Treasurers on a joint report calling attention to the urgent need for accountants in state and local governments.

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How the Together Project is spreading joy across generations

Xero

“The UK doesn’t really have the practice of living in multigenerational homes that other cultures do. We are one of the most age-segregated countries in the world; as we grow older, we tend to move away from family, forming bubbles of people who are the same age, who think like us and talk like us. That can lead to issues like loneliness, ageism and social isolation,” said Louise Goulden, founder of The Together Project.

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FASB plans updates on contract assets and liabilities, credit losses

Accounting Today

The Financial Accounting Standards Board has decided to tweak some of its standards related to contract assets and liabilities for construction contractors.

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Effective Email Templates for Overdue Invoice Reminders

Enterprise Recovery

Do you tense up every time you run your business's aging report ? Instead of feeling helpless about delinquent accounts, you can stay calm and take proactive steps to manage the situation. By adopting a strategic approach, you can implement practical solutions to increase your success at recovering outstanding payments. Tired of chasing overdue invoices?

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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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Transforming client relationships: The crucial role of customer experience

Accounting Today

Focusing on client relationships and satisfaction can lead to longer and more productive partnerships, directly impacting the firm's revenue.

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Navigating the Talent Crunch: A Tax Practice Manager's Guide

Insightful Accountant

As the accounting profession grapples with a widening skills gap, tax practice leaders must adapt their strategies to build and maintain strong, capable teams in an increasingly competitive market.

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Adding Certificates to U.S. ProAdvisor Applications

Insightful Accountant

Changes to the ProAdvisor training and certification recordkeeping may impact your ability to upload your current U.S. ProAdvisor Certifications to the 2025 ProAdvisor Award Application form. Read how to overcome Intuit's changes.

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Art of Accounting: A template for next tax season

Accounting Today

Most accountants have just completed their tax season for last year's returns and are probably not thinking about their next tax season. But they should.

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Pro Golfer Gabi Ruffels Shares Her Journey and Routines

AvidXchange

There is so much we can learn from athletes about leadership, routines, and growth. Pro golfer Gabi Ruffels, member of Team AvidXchange , recently joined Michael Praeger on his “ The Power of Change ” podcast to discuss these topics and more. Gabi Ruffels is an Australian-American LPGA Tour player. After becoming the No. 1 ranked junior tennis player in Australia at age 12, Gabi transitioned to playing golf and is now in her rookie year on the LPGA Tour.

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IPSASB releases new strategy and work program

Accounting Today

The International Public Sector Accounting Standards Board issued its updated five-year strategy and work program.

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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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Sole Props, Contractors, & S-Corps: Can You Be On Payroll and Self-Employed?

CSI Accounting & Payroll

When you’re a one-man operation, learning the ropes can be intimidating. Here, we answer: Do I need payroll for myself? How do I set up and run payroll when I’m self-employed? Is it better to be self-employed or on payroll?

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Azure Reserved Instances: When should you use them?

Economize

What Are Azure Reserved Instances? Azure Reserved Instances is a strategic pricing plan that helps reduce your cloud expenses. It offers considerable discounts on your Azure resources in exchange for a commitment to use Azure services for one or three years. This plan is best suited for workloads with consistent resource needs.

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Tomorrow's QB Talks is Exploring Intuit Enterprise Suite

Insightful Accountant

Tomorrow, October 23rd, QB Talks, will explore Intuit's new Enterprise Suite. Alicia Katz Pollock will provide up-to-date information on this new offering.

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VAT on Digital Services

Tipalti

Digital service sales are on the rise–what does this mean for your business’s international transactions and VAT tax? Here’s everything you need to know about VAT on digital services.

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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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Mark to market definition

Accounting Tools

What is Mark to Market? Mark to market is the recognition of certain types of securities at their period-end market values at the end of a reporting period. The mark to market process is used to give the readers of an organization's financial statements the most current view of the entity's asset and liability valuations. However, this process can give readers a pessimistic view of a firm's financial situation if there is a sudden downturn in asset values at month-end, from which market prices s

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Trump considers no taxes for military, police and firefighters

Accounting Today

The idea, which the former president was asked about during an interview, could impact as many as 20 million taxpayers

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Payment in arrears definition

Accounting Tools

What is Payment in Arrears? A payment in arrears has occurred when a payment is made to a supplier later than the terms of the arrangement under which goods or services were to be purchased from the supplier. The amount in arrears is the amount of the account payable that should have been paid as of the earlier due date. Example of a Payment in Arrears For example, ABC International is paying off a long-term debt with monthly payments of $1,000.

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Minimum cash balance definition

Accounting Tools

What is a Minimum Cash Balance? A minimum cash balance is a cash reserve kept on hand to offset any unplanned cash outflows. Without this safety buffer, a business might find itself unable to pay its bills. The use of a minimum cash balance means that a certain amount of cash is maintained in a bank account , rather than being invested elsewhere, used to pay down debt , or returned to investors as a dividend.

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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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Maturity value definition

Accounting Tools

What is Maturity Value? Maturity value is the amount due and payable to the holder of a financial obligation as of the maturity date of the obligation. The term usually refers to the remaining principal balance on a loan or bond. Which Factors Increase Maturity Value? A number of factors impact maturity value, including the following: Initial investment.

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Markdown definition

Accounting Tools

What is a Markdown? A markdown is a reduction in the stated price of a product or service. There are several possible reasons for using markdowns, including the following: Increase sales. If customers are highly price sensitive, a modest markdown might trigger a substantial increase in sales. Grab market share. Using a markdown for an extended period of time may lure customers away from competitors, resulting in an increase in market share.

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