November, 2023

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Why 2024 will be the year of generative AI for investment accounting

Accounting Today

While it initially garnered attention for its creative applications in content and image generation, the true potential of generative AI lies in its ability to unlock new ways of thinking in the business world.

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Revenue vs. Profit: Understanding the Difference and the KPIs that Matter

Accounting Department

Business owners strive to maximize their company’s profits. After all, profits are the primary metric of a successful business. However, not everyone understands the difference between revenue and profit, and why it matters for their business.

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Building a strong network to grow your career

Intuit

Networking plays a crucial role in any career journey, but sometimes it’s hard to know where to start and how to get the most out of every interaction. Recently, Chief Diversity, Equity, and Inclusion Officer (CDEIO) and VP of Talent Development at Intuit, Humera Shahid, sat down with Toronto Intuit employees to chat about all things networking and how to use it to grow your career.

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Celebrating Global Bookkeeping Week

Xero

It’s Global Bookkeeping Week, an annual tradition that recognises bookkeepers from all corners of the globe and a worthy cause for celebration at Xero. From 6-10 November 2023, this dedicated week will see tens of thousands of bookkeepers take a moment to reflect on their incredible contributions to the small business community. Bookkeeping remains a thriving global profession, presenting its practitioners with a unique blend of challenges and enriching experiences.

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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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Fidesic Features Spotlight: Invoice Processing

Fidesic blog

It’s time to check in and talk about our feature of the month in the Fidesic app. Today we are giving a shout out to our invoice processing module.

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6 Common QuickBooks Hosting Myths Dispelled

Ace Cloud Hosting

QuickBooks hosting is a powerful technology that enables businesses to experiment and innovate rapidly, often regarded as a catalyst for “speed-to-market” and a driver of remote accounting. By providing on-demand.

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Optimizing Spending for Improved Profitability

Accounting Department

As a small and medium-sized business (SMB) owner, managing your cash flow and expenses is crucial to keep your business afloat and profitable. But in today's ever-changing business landscape, controlling costs is easier said than done.

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Global Engineering Days 2023 – a week on the road to beautiful code

Intuit

GED is a weeklong code-a-thon that brings together Intuit technologists from all over the world to innovate and collaborate on projects they’re passionate about. This fall’s GED had a number of “firsts”: #1: Intuit’s Chief Technology Officer, Alex Balazs kicked off the week in Bangalore, India. Over 1,000 technologists from our India office came together in person to watch the GED kickoff, hosted by Alex.

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We’re introducing eInvoicing to Xero in the UK

Xero

Many governments around the world are introducing eInvoicing as a way to drive digitisation of the small business economy, with some regions even mandating its use. While it’s still early days in the UK, we expect that eInvoicing will eventually become a global best practice standard and a natural part of the cloud accounting process. Today, we’re excited to share that we are the first major small business accounting software company to launch eInvoicing in the UK.

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Add some "Style" to Your QBO Inventory with Item Variability

Insightful Accountant

As Intuit incorporates more of the QuickBooks Commerce inventory related functionality into various QuickBooks Online SKUs, they are adding some "Style" to QBO Advanced Inventory.

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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 Host A QuickBooks Company File – A Comprehensive Guide

Ace Cloud Hosting

Looking for instructions on hosting a QuickBooks Desktop company file? This is the place for you. QuickBooks Desktop is a powerful accounting software widely implemented by businesses to manage their.

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The ERC nightmare

Accounting Today

Lots of businesses have claimed the Employee Retention Credit who don't actually qualify for it — and in many cases it's going to be up to their accountants to set them right, says Randy Crabtree.

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The Benefits of Continuous Planning for Your Business

Accounting Department

As a business owner or CEO, have you ever felt frustrated when the budget you made at the beginning of the year has become irrelevant halfway through? Have you ever wished for a more flexible and agile way to manage your finances? If so, you might want to consider continuous planning.

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Closing the gap for women in tech: why mentorship matters

Intuit

Women and other underrepresented groups in tech have a lot of ground to make up. As of 2023 , only 29% of technologists and 25.5% of senior-level personnel identified as women or non-binary. A peek inside AnitaB.org ’s TechEES report shows only 63.5% of all women and non-binary technologists report a sense of belonging at work, with Black respondents reporting a particularly low sense of belonging.

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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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Xero welcomes new members to Aotearoa New Zealand’s Partner Advisory Council

Xero

Xero has the pleasure of welcoming seven new members to its new Xero Partner Advisory Council (XPAC). The XPAC has been reintroduced into Aotearoa and is made up of a diverse panel of accountants and bookkeepers who are both thought leaders and trailblazers for the needs of the sector. The latest members are as follows: Trudi Ballantyne – Director, Stem Rural Accountants Limited Louise Holmes – Director, Red Office Limited Manoli Aerakis – Managing Director, Malloch McClean T

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FinCEN Set to Begin Enforcement January 1, 2024

Insightful Accountant

The Financial Crimes Enforcement Network, part of the U.S. Department of Treasury is set to begin Small Entity Compliance implementation and enforcement of provisions related to Beneficial Owners Reporting as of January 1, 2024.

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Cloud vs. Local Servers: Choosing the Best Setup for QuickBooks Enterprise

Ace Cloud Hosting

When it comes to managing finances, QuickBooks Enterprise has proven to be a robust and adaptable option for businesses of all types. However, the critical question is where to install.

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Audit committee disclosures increased over past decade

Accounting Today

Corporate audit committees have been providing investors with a greater number of disclosures about their activities and responsibilities over the past 10 years, but there's still room for improvement.

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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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Happy Thanksgiving From AccountingDepartment.com!

Accounting Department

This year we're especially thankful for our clients and our team - it is their collective energy, positivity, and dedication to success that has made this such a great year.

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Flexible Work that Works: Revolutionizing Tax and Bookkeeping Careers with Intuit

Intuit

Nina spends her weekends cheering for her kids from the sidelines. “Soccer is what we breathe around here. It’s amazing seeing your child do something that they love and enjoy,” Nina said. But she never dreamed her career would be sidelined. Just eight days into her hard-won dream job, Nina’s husband was stationed across the country, a pattern that became the norm for Nina and her family.

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Xero Summer Series: Ignite your potential in 2024

Xero

Accountants and bookkeepers, join us for Xero Summer Series Get ready to soak up the summer vibes at the Xero Summer Series – a new event that promises to set the stage for success in 2024. We’ll be turning up the heat in February and early March with a sizzling blend of keynote speakers and networking, set against the sun-kissed landscapes of our vibrant cities – Perth, Adelaide, Melbourne, Brisbane and Sydney.

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Case Study: Running the Favorite Tools in Your Practice

Insightful Accountant

Accounting now heavily relies on various applications and systems. Unfortunately, these are often different, either cloud-based, SaaS, or desktop. This poses security risks as firms lack IT support.

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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

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Tax Planning for 2024: Accountants and CPAs’ Tips for Success 

Ace Cloud Hosting

Tax planning is a proactive approach that involves looking ahead to identify and implement strategies that can reduce your workload. It’s about understanding your clients’ financial goals and assessing.

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Lower 1099-K threshold may force sellers to drop out

Accounting Today

The lowering of the Form 1099-K threshold from $20,000 to $600 will not only produce millions more forms to be sent to taxpayers, but could also prompt many of them to abandon online marketplaces and gig economy jobs.

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The Ins and Outs of DCAA Accounting for Government Contractors

Accounting Department

When it comes to compliance with government regulations, navigating the intricacies and nuances of DCAA accounting is essential for any government contractor. DCAA stands for Defense Contract Audit Agency, a branch of the Department of Defense that is tasked with auditing and evaluating proposal and contract costs for the government.

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Building Inclusion: supporting career transitions of veterans through mentorship

Intuit

Tell us a little bit about yourself, your connection to the military, and what brought you to Intuit. I am originally from California, but moved to Tucson when I met my spouse. My grandfather served in the U.S. Army Air Forces and my stepfather served in the U.S. Air Force. On my spouse’s side, I ended up surrounded by veterans, with my spouse’s father, brother, grandfather, and grandmother all having served.

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Solve Your Firm's Automation Complexities Once and For All

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.

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Unlocking the power of open banking: a simple and secure way to pay bills without leaving Xero

Xero

Paying bills is a crucial part of the cash flow equation, and yet it’s usually a very manual process for small business owners. Getting bills into Xero, processing the payment and reconciling each transaction can take time away from important tasks, like growing revenue and managing costs. There is also no standardised way for businesses in the UK to pay bills in bulk.

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QuickBooks Ledger, the Next Simple, Great Thing

Insightful Accountant

Intuit has found a new way to incorporate more client data into the QuickBooks ecosystem even when the client doesn't subscribe to it. QuickBooks Ledger. It's a way to 'ledger' client data, validate it, and pass it on for tax preparation.

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How Safe is Lacerte Tax Software on a Cloud Server?

Ace Cloud Hosting

Lacerte Tax Software is a comprehensive cloud solution that helps you make the most of your tax filing. With its easy-to-use features, you can be sure that filing taxes with.

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Cybersecurity for CPAs: Don't empower imposters

Accounting Today

By clicking on malicious links and then entering your login information, you risk letting cybercriminals pretend to be you and send out $250,000 worth of fake invoices.

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Travel and Expense Policy Success: Your Essential Checklist

Setting the stage for successful organizational change always begins with clear, thoughtful communication. When it comes to rolling out a new travel and expense (T&E) policy, establishing a well-structured communication plan is key to ensuring that all employees understand the changes and their impact. By following a step-by-step approach, you can guide your organization through the transition, fostering smooth adoption from the outset and improving compliance.