Sat.Aug 24, 2024 - Fri.Aug 30, 2024

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FinOps Tool Vendors Adopt FOCUS

FinOps Foundation

Key Insight: In addition to all major cloud infrastructure providers, third-party FinOps tool vendors are adopting the FOCUS for their platforms. Thousands of Practitioners rely on these tools to perform FinOps in their organizations. To help Practitioners understand this landscape, the FinOps Foundation will continue to track vendor adoption, and will eventually offer an official certification signifying conformance with the Specification.

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IRS policies may help multinational corporations avoid U.S. taxes

Accounting Today

Some IRS policies may favor large multinational corporations that use foreign no-tax or low-tax jurisdictions for the sole purpose of avoiding paying U.S. taxes, according to a TIGTA report.

Tax 291
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New features coming to Xero invoicing

Xero

We’re committed to continuously improving your invoicing experience in Xero. And as we transition to the new version of invoicing, we’re continuing to roll out more features and enhancements designed to streamline your workflow and boost productivity. As a reminder, there are some important changes happening in Xero invoicing: Beginning the week of 2 September 2024 at 9am NZT, we will be defaulting users to the new version of invoicing experience on a rolling basis.

XERO 246
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5 KPIs to Help Drive Your E-commerce Business

Accounting Department

In the dynamic world of small business, staying ahead means constantly measuring and optimizing performance. That's where Key Performance Indicators (KPIs) come in. These metrics help business owners, entrepreneurs, and startups monitor their progress, identify areas for improvement, and make data-driven decisions. Now that we understand the importance of KPIs, let's focus on the top 5 essential KPIs for e-commerce businesses.

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4 Things Great Companies Do to Improve Cash Flow

Speaker: Indy Chakrabarti, Chief Marketing Officer at HighRadius

4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor

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Bookkeeping vs. Accounting: Here’s how they differ

Intuit

What’s the difference between bookkeeping and accounting? These two professions seem to go hand in hand. Some even use the words interchangeably in conversation. But the truth is that they’re not as similar as some may think. In this guide, we’ll dive into the finer points of the two professions. We’ll define each, explore the differences between bookkeeping and accounting, and discuss what it takes to pursue roles in the fields.

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Tech news: CohnReznick touts new digital forensics lab

Accounting Today

Plus, Crowe solution streamlines financial spreading process; Patriot Software releases new payroll, compliance tools; and other accounting tech news.

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Transforming Business Efficiency with Seamless Systems Integration

Accounting Department

In today's fast-paced business world, growing companies often find themselves accumulating multiple applications to enhance productivity. However, without proper integration, these applications can lead to siloed operations and data redundancies, ultimately hampering efficiency.

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AI skills to boost your tech career

Intuit

10 AI skills you need for a career in tech By now, it’s no secret that proficiency with artificial intelligence (AI) is a necessity to move forward in the tech job market. Advancements in technology or new platforms roll out seemingly every day, and some of the biggest brands in the world are exploring the best implementations for AI—if it’s not already an integral part of their workflows.

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BF Borgers prosecuted in Canada over audit work

Accounting Today

An Ontario court placed the firm and owner Ben Borgers on probation for two years for unlicensed, unregistered audit work, and ordered both to pay fines.

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What you can look forward to at the Xero Asia Roadshow 2024

Xero

The anticipation is building as we count down to the Xero Asia Roadshow in Kuala Lumpur. We’ve got an exciting programme for you and we can’t wait to share it! Winning on purpose This year, we’re all about helping you win on purpose. We all have a purpose that drives us, whether that be supporting our customers and clients with world-class experiences, growing our businesses, or nurturing our staff.

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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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How to Use QuickBooks Enterprise to Track Inventory

Ace Cloud Hosting

Running an inventory-based business comes with its own unique set of challenges. Beyond the usual responsibilities of payroll, customer service, and budgeting, managing and accounting for Inventory adds another layer.

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Xero Price Increasing As Of October 27, 2024

Insightful Accountant

Starting October 27, 2024, the price of Xero's most popular plans in the United States will increase. The Early, Growing, and Established plans will see price changes ranging from $2 to $5 dollars per month.

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How many millionaires? Tax returns by income group for 2024

Accounting Today

Millionaires only accounted for 0.22% of total returns filed this year for the 2023 tax season.

Tax 328
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Steps to Rebuild Your Business Credit Score

Enterprise Recovery

A business credit score is crucial for your company's financial health and reputation. It reflects your ability to manage credit responsibly and can impact your ability to secure financing, negotiate favorable terms with suppliers, and attract potential business partners. A strong business credit score demonstrates your reliability as a borrower and opens up opportunities for growth and expansion.

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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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What is document classification?

Nanonets

In our hunter-gatherer days, we had to classify objects and beings as food, foe, or friend, for survival. Today our need for classification is less for conservation and more for clarity.  In this era of information overload, document classification is of considerable importance for the efficient management and use of information and knowledge.   In this article, we will look at the types of document classification and how ML techniques are being increasingly used for this purpose.

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SMBs and Consumers Differ on Payment Preferences

Insightful Accountant

Xero data reveals a mismatch in payment preferences between small businesses and consumers. Nine out of ten consumers favor paying by card, while 30% of SMBs don't accept cards for payment.

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On the move: Herbein names client experience manager

Accounting Today

OSCPA makes 66th Hall of Fame induction; CohnReznick opens digital forensic lab; and more news from across the profession.

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Foreign currency translation definition

Accounting Tools

What is Foreign Currency Translation? Foreign currency translation is used to convert the results of a parent company's foreign subsidiaries to its reporting currency. This is a key part of the financial statement consolidation process, resulting in a set of financial statements that are presented solely in the parent company’s reporting currency. The steps in this translation process are as follows: Determine the functional currency of the foreign entity.

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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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Safe and Sound: Enhancing Security in Cloud Accounting Systems

Ace Cloud Hosting

In today’s digital era, businesses rely on cloud accounting to manage their financial operations. Cloud accounting’s accessibility and cost-effectiveness have made it an integral tool for small to large firms.

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Embracing QuickBooks Live Expert Assist

Insightful Accountant

Sheri Radler, Insightful Accountant's 2023 Up-n-coming ProAdvisor of the Year, provides a 'fresh perspective' on how QuickBooks Live Expert Assist can support and grow your ProAdvisor practice.

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Federal tax lien notices drop significantly at IRS

Accounting Today

In 2023, 179,000 notices of federal tax lien were filed, down roughly 84% from the high in 2010 of nearly 1.1 million.

Tax 281
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Limitations of ratio analysis

Accounting Tools

What are the Limitations of Ratio Analysis? Ratio analysis involves comparing information taken from the financial statements to gain a general understanding of the results, financial position , and cash flows of a business. This analysis is a useful tool, especially for an outsider such as a credit analyst, lender , or stock analyst. These people need to create a picture of the financial results and position of a business just from its financial statements.

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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

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The Accounting for Dummies Cheat Sheet

Ace Cloud Hosting

Accounting is the language of business. Whether you are a small business owner, CPA firm, or an individual who handles the financial tasks of your family or others, understanding the.

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Top ProAdvisor Profiles: Alee Cochrane

Insightful Accountant

Alee Cochrane of Sydney, Australia, and one of our Top 50 International ProAdvisors for 2024 is our featured ProAdvisor this week.

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Building the profession together

Accounting Today

AICPA chair Carla McCall talks about how accounting firms need to work together so they can all thrive separately.

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Finout Has Achieved the AWS Cloud Operations Software Competency

finout

We are thrilled to announce that Finout has achieved the AWS Cloud Operations Software Competency, underscoring our commitment to delivering cutting-edge FinOps solutions tailored to optimize FinOps practices across industries. This significant milestone underscores our ability to provide secure, scalable, and reliable cost management solutions that meet the demands of modern cloud environments.

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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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GenAI for Finance and Accounting: Empowering Accounting Professionals with Next-Gen Tech

Ace Cloud Hosting

Integrating Generative Artificial intelligence (GenAI) into various industries has become a topic of intense interest, and finance and accounting are no exceptions.

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Celebrating Labor Day Monday 9/2/2024

Insightful Accountant

All of us at Insightful Accountant want to wish all of you, and your families a great Labor Day as we celebrate this day of recognizing all that the American 'working man and woman' have done for this great country, the United States of America.

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Tax Fraud Blotter: Place your bets

Accounting Today

Close personal relationships; home is where the scam is; tort trouble; and other highlights of recent tax cases.

Tax 278
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Here’s How the Food & Beverage Industry Can Use BPA to Improve Purchasing

NextProcess

In the food and beverage industry, a reliable procurement strategy is vital to success. Whether your company is part of food and beverage production or distribution, you’re just one step in the path food and beverages take from raw materials to consumers. How well you manage procurement, purchasing, and suppliers can make or break a business. What you’ll be purchasing depends on the industry niche your company occupies.

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3 Steps to Successful & Strategic Year-End HR Planning

Year-end can be a hectic time for HR professionals, but with proper planning and organization, you can navigate it smoothly. Learn the main watch outs for year-end HR prep with Paycor’s helpful checklist covering employee data, wage and tax information, and special situations. Ensure compliance and efficiency by downloading today!