Sat.Dec 16, 2023 - Fri.Dec 22, 2023

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11 things we’ve learned about using AI together

Intuit

AI is changing the game across industry sectors around the world. While some companies are struggling to upskill their workforce in this supercharged environment, Intuit is staying a step ahead. Shannon Orr, Intuit’s assistant general counsel for AI, says, “We want to be innovators. We want to experiment.” That’s why we’re encouraging our employees to explore a wide variety of use cases with AI and generative AI (GenAI).

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Outsourced Client Accounting Services: Streamlining Financial Management

Accounting Department

Outsourced client accounting services play a crucial role in helping businesses take control of their financials. These services involve outsourcing the accounting and bookkeeping tasks to a third-party service provider, allowing businesses to focus on their core operations. The role of outsourced client accounting services goes beyond basic bookkeeping; it includes managing accounts payable and receivable, payroll processing, financial reporting, and more.

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Cloud Hosted QuickBooks Enterprise Security for Your Business – A Comprehensive Guide

Ace Cloud Hosting

QuickBooks Enterprise is a comprehensive accounting software designed to help businesses manage their finances, inventory, and operations efficiently. Being a repository for sensitive financial information, QuickBooks Enterprise demands a comprehensive.

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IRS grants $1B in penalty relief

Accounting Today

The relief will go to roughly 4.7 million taxpayers who weren't sent collection reminder notices during the pandemic.

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Navigating Bleisure Travel: A Guide for Mid-Sized Companies

Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.

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QuickBooks Revises 1099 Process for 2023 Filings

Insightful Accountant

Preparing, filing, and correcting 1099s is now easier than ever in QuickBooks Online. New workflow, reporting, free e-file of corrections and E-file payment flexibility and will be available for the 2023 filing period.

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Types of Reports in QuickBooks: A Comprehensive Guide

Accounting Department

Reports play a crucial role in managing a business effectively, and QuickBooks provides a wide range of reports that can help small and medium-sized businesses track their financial performance and make informed decisions. These reports provide valuable insights into various aspects of the business, such as income, expenses, sales, inventory, and payroll.

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The 2023 Top 100 People: Fixing the pipeline problem

Accounting Today

Accounting's influencers offer their advice for solving the profession's most critical issue.

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Latest Desktop Release Updates: "Mass Migration"

Insightful Accountant

Intuit's latest release updates to QuickBooks Desktop 2024, 2023 and 2022 are aimed as "Mass Migration" to QuickBooks Online.

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Accounting Work Life Balance: 10 Tactics for Success

Future Firm

If you're striving for accounting work life balance, check out this article that lists 10 actionable tips & tricks to help get you there. The post Accounting Work Life Balance: 10 Tactics for Success appeared first on Future Firm.

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How Automation is Changing the Game for Today’s Accountants

Plooto

In 2024, accountants will no longer be deemed company number crunchers as they gain access to technology that allows them to play an increasingly strategic role in business decisions. It’s a role transformation that’s already begun, sparked by the accelerated adoption of digital accounting, fueled by cloud computing, automation, and AI.

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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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IRS warns seniors: Take your RMDs

Accounting Today

Those 73 and older need to make sure they're taking their required minimum distributions from IRA and other retirement accounts.

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Intuit Launches New Global Brand - 'Business Differently'

Insightful Accountant

Intuit has announced a new global QuickBooks brand platform, “Business Differently,” focused on the growing population of solopreneur small business owners.

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Practical AI: Drafting Policies & Procedures

Blake Oliver

Drafting policies and procedures docs was one of my least favorite tasks as a business owner. But now I love it. This year, I started using AI to write my first drafts of policies and process docs for my team. It cuts the time in half, and I get better results. Watch the video to learn two ways to get started using AI chatbots to draft documentation: ✔️ Use a Q&A prompt to have AI give you a list of questions.

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Top 25 Accounting Influencers You Should Follow in [2024]

Ace Cloud Hosting

The accounting profession helps businesses drive successful commerce around the world. From tax law changes to financial statement reporting changes, so much is happening in this space that it can.

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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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Employers get a break on sketchy ERCs

Accounting Today

The IRS is rolling out a voluntary disclosure program to let businesses pay back Employee Retention Credits they claimed in error.

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January's QB Talks is our 2024 ProAdvisor Meetup

Insightful Accountant

Insightful Accountant will host a 'talkative' ProAdvisor Meetup for our first QB Talks of 2024. ProAdvisors are invited to this 'open mic' discussion of issues surrounding the ProAdvisor Awards, the ProAdvisor Program and QuickBooks Desktop 2024.

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How to account for customer advance payments

Accounting Tools

A customer may pay in advance for goods being delivered or services being provided. Possible reasons for a customer advance are noted below. Customer Advance Due to Bad Credit The seller is unwilling to advance credit to the customer and so demands payment in advance. This is most common when the amount of the sale is quite large, since extending credit would represent a substantial risk for the seller.

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16 Benefits of Cloud-Based Subscription Management

Billing Platform

Cloud services continue to evolve for businesses large and small (no matter the industry). This environment features many benefits like improved performance and high availability, business continuity, centralized data security, and cost savings. While the cloud has been adopted for many internal processes, billing and more specifically subscription management are only just beginning to embrace cloud-based subscription management and its benefits.

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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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IRS expands business tax accounts

Accounting Today

Individual partners and individual shareholders of S corps can now get a business tax account.

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QBO Monday Minute | Balance Sheet Budgeting in QuickBooks Online

Insightful Accountant

Join Liz Scott as she dives into QuickBooks Online Balance Sheet Budgeting feature which is fairly new.

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What is accountancy?

Accounting Tools

Accountancy is the practice of recording, classifying, and reporting on business transactions for a business. It provides feedback to management regarding the financial results and status of an organization. The key accountancy tasks are noted below. Recordation The recording of business transactions usually involves several key transactions that are handled on a repetitive basis, which are issuing customer invoices , paying supplier invoices, recording cash receipts from customers, and paying e

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1099 Rules

Tipalti

Stay compliant in 2024: unravel Form 1099 rules to help navigate tax regulations seamlessly and stay on top of the constantly-changing business taxes landscape.

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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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Tax preparers — time to prepare!

Accounting Today

A look at the credits, regulations and other tax developments that will shape the coming tax season.

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Badge Happy ProAdvisor Skill Training Now Available

Insightful Accountant

ProAdvisors love their Badges, so Intuit has created two new Knowledge Badge training programs focusing on skills surrounding 'Banking' and 'Reporting'. You can also earn points for the 2024 ProAdvisor Awards with these two new Badges.

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Formula for the present value of an annuity due

Accounting Tools

What is the Formula for the Present Value of an Annuity Due? The present value of an annuity due is used to derive the current value of a series of cash payments that are expected to be made on predetermined future dates and in predetermined amounts. The calculation is usually made to decide if you should take a lump sum payment now, or to instead receive a series of cash payments in the future (as may be offered if you win a lottery).

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Building a Firm to the Right Size with Keila Hill-Trawick, CPA

Cloud Accounting Podcast

Keila Hill-Trawick joins Blake and David to discuss her philosophy on intentionally building a firm to the "right" size, rather than pursuing endless revenue growth. She also explains how her firm narrowed its service offerings to focus on core recurring services like tax planning and fractional CFO work. Blake and David examine research on how much money Americans think they need annually to be happy, with millennials citing much higher targets.

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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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Aprio expands in Texas

Accounting Today

The Top 100 Firm is merging in San Antonio- and Austin-based Ridout Barrett & Co.

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Something new is coming to Insightful Accountant!

Insightful Accountant

Insightful Accountant's cooking up something new for you next year. A new and exciting webinar series: Insightful Accountant's Practice Management Talks.

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Payroll accounting | Payroll journal entries

Accounting Tools

What is Payroll Accounting? The accounting for payroll involves all aspects of calculating and paying compensation to employees, including the payment of withholdings to third parties. The outcome of this process is documentation of the expenses associated with all types of compensation, as well as timely payments to employees. Payroll Process Flow Payroll processing requires you to complete a number of steps, which are presented below.

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Save Big: 10 Cost-Effective Alternatives To FreshBooks

Invoicera

Looking for cost-effective FreshBooks alternatives? Although FreshBooks has been a choice for many, it is always better to get software within your budget. A study has also found that over 40% of small businesses switch their financial software within the first two years. Thus, many invoicing software options are available in the vast market. We have listed 10 FreshBooks alternatives for you.

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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.