Sat.Sep 02, 2023 - Fri.Sep 08, 2023

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7 Tips for Navigating Budget Season

Accounting Department

Budgeting is a vital process that enables small and medium-sized businesses to effectively allocate resources, plan for the future, and achieve financial stability. However, navigating the budgeting process can be challenging without a clear roadmap.

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Introducing Intuit Assist

Intuit

Intuit Assist delivers personalized recommendations and does the hard work for you. Today, we introduced Intuit Assist, a new generative AI (GenAI)-powered assistant that will provide personalized, intelligent recommendations to help consumer and small business customers make smart financial decisions with less work and complete confidence, enabling them to put more money in their pockets.

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IRS announces aggressive enforcement focus

Accounting Today

Following a top-to-bottom review of enforcement efforts, the agency is shifting more attention from working-class taxpayers to high-income earners, partnerships, large corporations and promoters of abusive tax shelters.

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Xero wins Canstar’s Most Satisfied Customer Award in New Zealand

Xero

For the fifth year in a row, Xero has taken out Canstar’s Most Satisfied Customer Award for small business accounting software. This is an incredible achievement, showcasing our value to small businesses across Aotearoa New Zealand. Canstar Blue is a customer satisfaction research and ratings business aimed at helping consumers make better purchasing decisions.

XERO 264
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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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Contribution Margin Explained

Accounting Department

Business owners face many financial challenges, so understanding contribution margin is crucial to success. Contribution margin is an essential financial metric for any business striving to increase growth and revenue.

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Intuit Ups QuickBooks Payments Rates for QBO Users

Insightful Accountant

Intuit increased QuickBooks Payments rates for QuickBooks Desktop users this past June. Now, it is making increases for Payments Customers using QBO effective in October.

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Xero Beautiful Business Fund: Not-for-profit? You’re a small business too, so apply today!

Xero

Applications are quickly coming in for the Xero Beautiful Business Fund – thank you to all those who’ve entered so far. If you’re an organisation that operates on a not-for-profit basis, you might be wondering whether you’re eligible to apply. The short answer in most cases is yes (just make sure to double check the rest of our eligibility criteria here ) – because in our eyes, not-for-profit organisations are small businesses too.

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Small Business Financing: Which Type Is Best? 

AvidXchange

“It takes money to make money.” We’ve all heard the phrase. It’s especially true for small businesses. But it’s harder than ever for small businesses to secure the financing they need to operate. Interest rates are the highest they’ve been in decades and banks are tightening lending standards. Small businesses are feeling the crunch as inflation drives up prices and supply chain challenges persist.

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Top 100 2024 Certification Clues: QuickBooks Point-of-Sale

Insightful Accountant

Murph clues you in on why the Top 100 2024 process will still award points for QuickBooks Desktop Point-of-sale ProAdvisor Certification even if Intuit drops the certification after it stops supporting QBPOS on Oct. 3, 2023.

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IRS uses AI to step up audits of large partnerships

Accounting Today

The Internal Revenue Service is leveraging artificial intelligence to detect tax evasion as it uses the extra funding from the Inflation Reduction Act to ramp up compliance efforts.

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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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7 Funding & Business Resources for SMBs Affected by Hurricane Idalia

FundThrough

In the wake of Hurricane Idalia, the devastation faced by entrepreneurs is deeply felt. As business owners ourselves, the very thought of watching years of hard work being swept away overnight is heart-wrenching. Understanding the importance of rebuilding and getting back on your feet as soon as possible, we’ve compiled a few useful resources.

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12 Great Client Portals for Accountants

Future Firm

Navigating the ever-evolving landscape of accounting requires efficient client management, and that’s where client portals come in. In this article, I present a curated list of the top 12 client portals available in the market today. Let’s explore their features, advantages, and drawbacks to help you make an informed choice. Let’s go! Table of Contents What are Client Portals for Accountants?

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Workforce News Minute: Small Businesses Go Big

Insightful Accountant

Check out APD's Kristen Appleman take on the latest trend helping today's small business owners get an edge—Going Big. You can listen to the Workforce News Minute here.

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Tax departments go through transformation

Accounting Today

Corporate tax departments are going through major transformation in response to the challenging legal and regulatory environment, according to a new survey from Deloitte.

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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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Introducing: Cash Application, Credit Application Management, Integrated AI and Much More

Gaviti

At Gaviti, we are committed to providing you with the most cutting-edge solutions to streamline your accounts receivable management processes. We’re excited to unveil the incredible lineup of new modules and features we’ve added to our platform in the last few weeks. These additions have been carefully crafted to address the evolving needs of businesses, ensuring you have the tools to minimize errors, maximize efficiency, and optimize your cash flow like never before.

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Invoice Processing Time: Why Does It Matter? 

AvidXchange

In today’s uncertain economic environment, organizations are putting extra emphasis on spend management – monitoring and maximizing company spend. The accounts payable (AP) department plays a critical role in this expenditure cycle, with success tightly linked to the efficiency and accuracy of the team and their processes. The payables process generally involves several steps: Receiving and validating invoices Capturing and coding the data on the invoice (indexing) Matching the invoice to p

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Meet "Intuit Assist"

Insightful Accountant

Intuit’s new Generative AI-Powered Assistant for consumers and small businesses was introduced during its Innovation Day Event on Sept. 6, 2023.

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IRS agents probing high-income taxpayers need better training

Accounting Today

The service's LB&I Division has expertise in training agents on examining high-income taxpayers, but the IRS doesn't appear to be leveraging this expertise.

Auditing 325
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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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Switching to a Paperless Invoice Approval System

MineralTree

Accounts payable (AP) teams have long struggled with manual invoice approvals that involve chasing down signatures and slogging through mountains of paperwork. But in today’s increasingly digital business world, many AP teams are turning to automation to enhance their workflows — and the invoice approval process is no exception. To boost efficiency, reduce the risk of human error, and tackle challenges like remote work arrangements, 71% of AP teams have automated their invoice approval workflows

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The difference between financial and managerial accounting

Accounting Tools

Related Courses Accountants' Guidebook Bookkeeping Guidebook New Controller Guidebook Most accounting tasks can be divided into financial accounting and managerial accounting. It is useful to describe the differences between these two aspects of accounting, since each one describes a distinctly different career path. In general, financial accounting refers to the aggregation of accounting information into financial statements , while managerial accounting refers to the internal processes used to

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Intuit Reports Strong Fourth Quarter and Full Year Results

Insightful Accountant

Intuit had a very strong fourth quarter, ending the year with momentum by growing total revenue to $14.4-billion, up 13% year-over-year. Their Small Business & Self-Employed Group revenue grew 24%.

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Embracing AI in accounting: A journey of discovery

Accounting Today

Despite the tremendous buzz, it is crucial to recognize that AI's true role in accounting will likely be to augment human capabilities and streamline processes.

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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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Audits Under Fire: Ex-Big Four Partner Responds to Criticisms

Cloud Accounting Podcast

Join us for an in-depth conversation with Jerry Maginnis, a retired Big Four audit partner, about the value and criticisms of financial statement audits. Jerry draws on his decades of experience auditing public companies to respond to issues around audit quality, staff work conditions, complexity in accounting standards, and whether audits truly protect investors.

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The difference between gross and net income

Accounting Tools

Related Courses The Income Statement The Interpretation of Financial Statements Gross vs. Net Income for a Business The concepts of gross and net income have different meanings, depending on whether a business or a wage earner is being discussed. For a company, gross income equates to gross margin , which is sales minus the cost of goods sold. Thus, gross income is the amount that a business earns from the sale of goods or services, before selling, administrative, tax, and other expenses have be

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John Roman on the Digital Transformation Journey

Insightful Accountant

No matter what size your firm is, keeping in step with technology is critical. Insightful Accountant's Gary DeHart and The Bonadio Group's John Roman explain why in this episode of Accounting Insiders.

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FASB approves crypto asset standard

Accounting Today

The Financial Accounting Standards Board voted to adopt its eagerly awaited standard for cryptocurrency like Bitcoin held by companies.

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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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GCP Security Command Center : Leveraging AI for CSPM

Economize

According to Fortinet’s report, one in five organizations now hosts 75% of their workloads in the cloud. As a majority of IT organizations move to public cloud services, which often involves storing sensitive and personally identifiable information (PII), cloud security has skyrocketed to the forefront of concern.

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The difference between ledger balance and available balance

Accounting Tools

Related Courses Bookkeeping Guidebook Corporate Cash Management How to Audit Cash The ledger balance and available balance are terms used by a bank for the cash position of a checking account. The ledger balance is the balance available as of the beginning of the day. The available balance may be defined in two different ways, which are as follows: The ledger balance, plus or minus any subsequent activity during the day; essentially, it is the ending balance at any point in time during the day;

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Let's Talk 'QuickBooks Desktop' at September's 'QB Talks'

Insightful Accountant

Murph is hosting 'QB Talks' on Sept. 20, where he hopes to discuss "QuickBooks Desktop 2024." He has put his chips on the table and is gambling that Intuit will have released the product and its embargo prior to his opening remarks.

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Noble Consulting acquires Johnson Lambert insurance practice

Accounting Today

An insurance regulatory consulting firm that's part of Katz Sapper Miller, a Top 100 Firm based in Indianapolis, is growing by buying another firm's insurance regulatory practice.

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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.