Tue.Aug 06, 2024

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Accounting talent shortage worsens

Accounting Today

As the pipeline dries up, 83% of senior leaders report a talent shortage this year, up from 70% in 2022, with 10% this year saying it's worsening.

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Overcoming Hurdles with Outsourced Client Accounting Services

Accounting Department

As a business owner, you can face various challenges, from any direction. From staffing woes to cash flow issues and the ever-growing threat of cybercrime, you’re constantly juggling risk and reward to keep your business afloat.

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FASB releases 2024 Investor Outreach Report

Accounting Today

The document includes the top priorities outlined by investors.

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Missing out on sales? You’re not alone

Xero

Most major economies have had tepid growth, at best, in recent quarters. But how are things on the ground? If you’re a small business owner and you’re thinking that things feel tougher than what national statistics seem to be saying about the broader economy, you’re not alone. The Xero Small Business Insights (XSBI) data shows a lot of small businesses aren’t growing as fast as the major economic indicators suggest.

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The Financial Leader's Playbook: How To Deliver Insight, Oversight, And Foresight

Speaker: Chandra McCormack, CPA, MBA, NACD.DC

Imagine being a financial leader who not only ensures the books are balanced but also shapes the future of your organization. 🤔 ✨ This session will take you beyond the routine reporting and into the realm of strategic financial leadership. We’ll explore how today’s finance professionals can juggle the day-to-day operations while also delivering the long term vision that drives growth.

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Study finds accountants slow to adopt gen AI

Accounting Today

When asked to rate how much they use generative AI tools on a scale from 1-10, accountants rated their overall use at 1.

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Retrieval Augmented Generation (RAG) for Smarter AI Workflows

Nanonets

Introduction Retrieval Augmented Generation, or RAG, is a mechanism that helps large language models (LLMs) like GPT become more useful and knowledgeable by pulling in information from a store of useful data, much like fetching a book from a library. Here’s how retrieval augmented generation makes magic with simple AI workflows: Knowledge Base (Input) : Think of this as a big library full of useful stuff—FAQs, manuals, documents, etc.

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Do Business Owners Have to Pay Unemployment on Themselves?

CSI Accounting & Payroll

Recently, a small business owner told us they’d been paying unemployment taxes on their own wages but didn’t feel that was correct. They didn’t know if they could even collect unemployment, so why would they be paying it? Answers to this can vary based on your state and circumstances.

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Cherry Bekaert acquires Kerr Consulting

Accounting Today

Top 25 firm Cherry Bekaert announced its acquisition of accounting tech provider Kerr Consulting, becoming one of the largest Sage providers in the United States.

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Data annotation tools: A comprehensive overview

Nanonets

Data annotation tools are the unsung heroes of AI and machine learning. From self-driving cars to AI-powered healthcare systems, these tools play a crucial role in ensuring the success and accuracy of AI projects. They enable the labeling and categorization of vast data, transforming raw information into high-quality, annotated datasets from which AI and ML models can learn.

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Ex-Wirecard CFO charged in ongoing accounting scandal

Accounting Today

An ex-board member was also charged in the long-running scandal, both for breach of trust in approving sketchy loans.

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How to Select the Perfect Payments Partner: 7 Keys for Sustainable Growth

Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms

Join Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms for an informational webinar about how to select the ideal payments provider for your platform! This session highlights the 7 key criteria for assessing payments partners and maximizing the value of your investment. From evaluating technology and business development programs to understanding support and compliance, this webinar will equip you with a comprehensive evaluation framework and strategy for

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Warehouse Wednesday: Murph's Acumatica Intro

Insightful Accountant

Murph introduces you to Acumatica In-depth, which he will begin posting to "Be Insightful" Premium Content next week. This new multi-part series is one of several looking at various ERPs to which QuickBooks users may migrate.

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Boomer's Blueprint: Transactional + transformational growth

Accounting Today

Firm leaders face the twin challenges of managing current operations while positioning themselves for future growth.

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QB Talks to feature 2024 ProAdvisor of the Year - Caleb Jenkins

Insightful Accountant

Caleb Jenkins, the 2024 ProAdvisor of the Year, will be among several of the 2024 ProAdvisor Award recipients at the August 21 edition of QB Talks. You shouldn't miss this opportunity to hear what it takes to be recognized within the Top 100.

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TaxDome launches TaxDome AI for document management

Accounting Today

TaxDome announced the release of TaxDome AI, meant to facilitate document management tasks.

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2024 Annual Trends Survey: Expense Management Insights

Uncover the latest trends in expense management for small and medium-sized businesses. Our 5th Annual Trends Survey reveals that corporate card use is skyrocketing, but expense software isn't keeping up. This mismatch is creating real challenges for finance teams, who now take an average of 14 days to close their books. Travel policies are shifting to accommodate hybrid work, but many companies are struggling with off-tool bookings.

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Secrets to Remote Work Success from a 100% Virtual Accounting Firm

Blake Oliver

While some accounting firms pull partners and staff back into the office, others stick with remote work. That’s because they’ve changed how they hire and manage staff. And you can, too.

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Essential HR Strategies For Accounting Professionals

Insightful Accountant

Michelle Leblanc shares the key strategies and pitfalls Accounting Professionals need to be aware of when running their firm or when consulting with their clients on related matters.

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Common stock dividend distributable

Accounting Tools

What is the Common Stock Dividend Distributable? A common stock dividend distributable is a dividend payable to the holders of a corporation’s common stock that has been declared by the entity’s board of directors , but not yet paid. Once declared, this amount is classified as a liability of the corporation. It is usually classified as a current liability on the entity’s balance sheet, since it is (usually) to be paid out within one year.

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Navigating Change in the CPA Industry: A Guide for Tax Practice Leaders

Insightful Accountant

The landscape of the CPA industry is undergoing a seismic shift, presenting both challenges and opportunities for tax practice owners and managers. At the heart of this transformation lies the critical issue of talent acquisition and retention.

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Unlock The Power Of The CFO Toolkit

Speaker: Duke Heninger

With the rise of fractional finance roles, many CFOs, FP&A professionals, controllers, and accountants are stepping into independent consulting. The expansion of fractional services presents new opportunities for finance professionals, but many face challenges in navigating this transition, finding it daunting. Whether you’re new to fractional work or refining your approach, this webinar will equip you with a repeatable system for success.

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Capital addition definition

Accounting Tools

What is a Capital Addition? A capital addition is any investment that improves upon an existing fixed asset or adds a new fixed asset. In essence, capital additions increase the fixed asset base of an organization. Capital additions that involve existing assets must either extend the useful life of an asset or increase its capacity ; otherwise, these expenditures are really just maintenance expenditures that are charged to expense as incurred.

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Cherry Bekaert Acquires Kerr Consulting

Insightful Accountant

Cherry Bekaert, a U.S. assurance, tax, and advisory firm, has acquired top-tier accounting software provider Kerr Consulting.

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Xero Asia Awards 2024: Congratulations to our winners!

Xero

Our annual Xero Awards is a special night for us at Xero. It gives us an opportunity to show our appreciation and admiration for the many incredible accounting, bookkeeping and app partners in our community. This year is particularly special, with the extension of the Awards programme beyond Singapore to include partners across Asia. This inclusion reflects the enormous impact that our partners throughout the region have in uplifting Asia’s small business community and providing them with the ne

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What Are the Benefits of Credit Management?

oAppsNet

Credit management is essential to running a successful business, particularly in industries where extending credit to customers is expected. Proper credit management practices provide numerous benefits, including improved cash flow, reduced risk of bad debts, and enhanced customer relationships. Understanding these benefits can help businesses implement effective credit management strategies and achieve long-term financial stability.

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Pricing for Profit: How to Set, Negotiate, and Succeed

Speaker: Igli Laci, Strategic Finance Leader

In today’s competitive market, pricing is more than just a number — it’s the cornerstone of profitability. The right pricing strategy ensures that you capture the true value of your offering, paving the way for sustainable growth and long-term success. Join Igli Laci, Strategic Finance Leader, in this exclusive session where he will explore how a well-crafted pricing approach balances customer perception with business objectives, creating a powerful tool for securing both competitive advantage a