Sat.Jun 25, 2022 - Fri.Jul 01, 2022

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EY pays $100M SEC fine over CPA ethics exam cheaters

Accounting Today

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Latest product news — July 2022

Xero

Our teams have been busy adding lots of value across our platform over the past month, including enhancements to Hubdoc, short-term cash flow, tax updates in the UK and more. We’re also getting some fantastic feedback on our latest features in new reports — especially sticky headers and report annotations. If you haven’t tried new reports yet, it’s a great time to give them a go.

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What is the future of accounts payable?

AP Association

The role of accounts payable staff has changed significantly over the past two decades as technology has continued to play an ever-increasing part in day-to-day duties. Today, AP employees are more likely to spend their time working at a computer, rather than chasing up paper invoices. As more aspects of AP processes are taken over by technology, the question is, what is the future of accounts payable?

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Financial Reporting and Forecasting in a Multidimensional World

Sage Intacct

Even for seasoned SaaS CFOs that have been in the subscription revenue sector for years, reporting and forecasting can be daunting processes. Not to mention the tight deadlines finance teams frequently operate under.

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Breaking Ground on Better Payment Processes: Strategies for Construction Pros

Speaker: Timothy Allsopp

Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.

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Focusing on the employee experience in 2022

Accounting Today

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Three things you might not know about Making Tax Digital for VAT

Xero

If you’re a VAT-registered small business owner, you may have heard the soft thwump of a letter landing on your doormat this past week, emblazoned with four familiar letters: HMRC. That’s right, it’s time for a gentle nudge/firm reminder that your business must now comply with government legislation Making Tax Digital (MTD) for VAT. . Part of a wider government initiative to simplify the tax system and make it easier for taxpayers to get it right, MTD for VAT requires affected individuals and bu

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Establishing a Single Source of Truth for Smart Recurring Revenue Management

Sage Intacct

One of the biggest roadblocks encountered by SaaS companies involves a lack of data centralization. An approach that puts all your company’s data in one centralized location across employees and departments is known as a single source of truth (SSOT).

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More than half of workers are at least partially remote

Accounting Today

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The countdown is on to Xerocon Sydney 2022!

Xero

Since the pandemic’s arrival, advisors have carried the weight of small business survival on their shoulders. But now, we’re entering a new chapter in our nation’s pandemic journey. Although challenges lie ahead, opportunities for growth, innovation and human connection are all within reach. This is why, after a two-year hiatus, we couldn’t be more excited to enter this new era with a celebration.

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What Is Cost Optimization? 8 Best Practices To Use ASAP

CloudZero

You're not alone if you have trouble visualizing, measuring, and controlling your IT costs. Whether public or private, cloud computing can add to the cost problem.

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The Growth Architect: How Financial Leaders are Unlocking Potential

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

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Conquer Monthly Bookkeeping in 5 Simple Steps as an Advisor

XY Bean Counters

4 MIN READ So you’ve got your books set up, perhaps in one of our Set-up & Training Workshops , now what? Keeping your books clean and up to date is important, especially in the highly regulated financial services industry. It can feel overwhelming when you first begin–I am here to give you some key tips and tricks to properly maintain your books.

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Elon Musk has a clear work-from-home policy

Accounting Today

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How Jessica Rose overcame burnout to keep the Jewellers Academy sparkling

Xero

Over the past two years, challenges posed by the pandemic as well as the rising cost of living have not only made it increasingly difficult for small businesses to survive and thrive, they’ve also placed a huge strain on owners’ mental wellbeing. . According to our study with CEBR (Centre for Economics and Business Research), only around half (55%) of small business owners know where to turn to get the mental health support they need.

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The Simple Formula For Managing Cloud Cost

CloudZero

Organizations receive high monthly bills from cloud providers with no way of determining why the number changes from month to month or how to accurately predict future spend. More importantly, there is little information to provide visibility if cloud resources are being deployed efficiently or if spend is correlated to business performance.

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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

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Conquer Monthly Bookkeeping in 5 Simple Steps as an Advisor

XY Bean Counters

4 MIN READ So you’ve got your books set up, perhaps in one of our Set-up & Training Workshops , now what? Keeping your books clean and up to date is important, especially in the highly regulated financial services industry. It can feel overwhelming when you first begin–I am here to give you some key tips and tricks to properly maintain your books.

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Supreme Court to settle FBAR penalty controversy

Accounting Today

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Future-Proofing the Office of the CFO: Borger Management’s Claudia Good Outlines ‘Stay-the-Course’ Approach to Remote Work

AvidXchange

This post is part of an ongoing interview series conducted by AvidXchange CEO and co-founder Michael Praeger. Make sure to follow along for new videos each month. As CEO and co-founder of AvidXchange, I’ve always had an affinity for jumping in another executive’s shoes to learn how they conduct their business. With that in mind, I’ve set out to talk to CFOs and other financial leaders throughout the United States to discuss how they’re adapting their management style, any industry predictions

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The Four Step FCPA Compliance Checklist

Oversight

We entered a new phase in the fight against corporate bribery on June 21, 2022, when the UK company Glencore admitted to bribery after an investigation by the UK's Serious Fraud Office (SFO). The company also recently pled guilty in bribery investigations of several other countries including the U.S., making this a significant case of corporate bribery with calls for staggering fines to deter others from similar actions.

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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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Ep. 188: John Greene - Financial Transformation at Discover

IMA's Count Me

Connect with John: [link] Full Episode Transcript: Adam: (00:05) Welcome back to Count Me In, the podcast that looks at business issues and trends from the management accountant's perspective. Today, we are speaking with John Greene, the CFO of Discover Financial Services, the company behind the Discover credit card and the television ads with the catchy tagline, "We Treat You Like You'd Treat You".

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EY denies audit firm split tied to $100M SEC penalty

Accounting Today

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Russia-Ukraine War Substantially Damaged Global Supply Chain, Report Says

NACM

Just when businesses thought the supply chain crisis couldn't get much worse, Russia's invasion of Ukraine disrupted global trade even further. The conflict has increased shipping costs, complicated logistics and increased transit times, according to a new report from the United Nations Conference on Trade and Development (UNCTAD)."The war in the U.

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Abortion by the Numbers

Cloud Accounting Podcast

Sponsors Synder: [link] Relay: [link] Canopy: [link] Need CPE? Subscribe to the Earmark Accounting Podcast: [link] Get CPE for listening to podcasts with Earmark CPE: [link] Show Notes 11:25 – Abortion statistics in the United States – Wikipedia [link] 21:16 – Abortions Increase in the U.S., Reversing a 30-Year Decline, Report Finds [link] 26:32 – This is how much child care costs in 2022 [link] Future costs of raising a child [link] The Cost of Raising a Child [link] Get in Touch Thank

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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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Senate committee searches for Wayfair remedy for small biz

Accounting Today

Tax 278
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IRS implements new fingerprinting process for e-file

Accounting Today

Tax 264
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Ernst & Young IPO will create a lot of sour grapes

Accounting Today

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The workplace of the future: The war for talent

Accounting Today

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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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IRS helps shut down bank for tax evasion, money laundering

Accounting Today

Tax 264
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CLA grants $1M to NABA to build Black talent in accounting

Accounting Today

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Talking about inflation raises prices. Here's how financial advisors can address the "I" word

Accounting Today

Tax 264
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The tax complexities of selling digital products abroad

Accounting Today

Tax 264
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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.