Sat.Jul 20, 2024 - Fri.Jul 26, 2024

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4 Financial KPIs Every Growing Business Should Monitor

Accounting Department

In today's competitive business landscape, staying ahead of the competition requires more than just a great product or service. Entrepreneurs, small business owners, and financial analysts must focus on tracking key financial metrics to ensure their company's growth and financial health.

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How modern CPA firms are leaving the old partnership model behind

Accounting Today

The CPA industry is undergoing profound change, reshaping the landscape of professional services.

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professionals

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Fine Art Galleries in Inglewood   

Intuit

Art galleries in Inglewood, California, and the surrounding areas While Inglewood doesn’t have the name recognition of its larger neighbor, Los Angeles, it does offer a variety of exciting experiences for travelers. From its diverse culinary scene to world-class shopping and entertainment, there’s a little something for everyone in this city of more than 100,000.

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How the Xero Beautiful Business Fund helped a sustainable farmers’ market start to sow new communities across South Africa

Xero

“After my partner and I were attacked in our home, we had a lot of questions about how to help improve the safety of our neighbourhood and a create a sense of community where neighbours don’t hide behind high walls,” said Sheryl Ozinsky, co-founder of Oranjezicht City Farm (OZCF), a non-profit project celebrating local food, culture and community in Cape Town, South Africa.

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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 With construction projects becoming more complex, outdated processes are no longer sustainable.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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How Do FinOps Teams Continue to Add Value in an Optimized Environment?

FinOps Foundation

Key Insight: FinOps at enterprise scale requires ongoing discipline, improvement, and maintenance; even if you think you have it all right, new challenges await as your cloud footprint and utilization increases. Accenture helps clients add FinOps Capabilities sequentially – for example, “you might start with tooling and visibility and then move to forecasting” – and simultaneously establishes a regular cadence for governance meetings with both the teams consuming cloud and with senior leadership

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IRS enhances online accounts, adds more e-file business forms

Accounting Today

The Internal Revenue Service reported further progress on offering more online tools and expanded taxpayer service.

More Trending

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Three simple ways to transform money management

Xero

This guest blog was written by the team at GoCardless. Running a small business can mean moving between being a general manager to a customer services contact, marketing lead and, in some cases, debt collector. Without the proper processes in place, managing payments can take up too much time and even result in bigger problems. In fact, the Office of National Statistics shared that poor cash flow is responsible for up to 90% of new businesses failing.

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How to prepare Accounts Payable to adapt to e-invoice mandates

Cevinio

From understanding regulations to choosing the right software and automating processes, this guide covers everything businesses need to adapt and […]

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IRS not fully complying with TikTok ban

Accounting Today

The Internal Revenue Service isn't in full compliance with the federal government's guidance for removal of TikTok from devices, according to a new report, but mainly because it hasn't been inserting the requirement in all its contract actions.

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 Effective tools for teaching financial literacy

Intuit

The importance of teaching financial literacy to students According to Intuit’s Financial Education survey , 81% of high school students get their financial knowledge from their parents or guardians. But approximately only 57% of adults in the U.S. are financially literate. This represents a financial knowledge gap for adolescents and how well they’re positioned to enter young adulthood with good financial habits.

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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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Automate Purchasing & Invoice Matching Seamlessly into MIP

Compleatable

Watch: Automate Purchasing & Invoice Matching Seamlessly into MIP Fill in the form to access the video recording of our Compleat for Non-Profits webinar looking specifically at our API integration with MIP Fund Accounting. Name Work Email Address Job Title Watch the video Automate Purchasing & Invoice Matching Seamlessly into MIP The post Automate Purchasing & Invoice Matching Seamlessly into MIP first appeared on Compleat Software.

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2025 U.S. ProAdvisor Minimum Qualifications

Insightful Accountant

We made a slight change in the minimum qualifications for the 2025 ProAdvisor Awards, but it could significantly impact qualified applicants.

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Accounting Today news quiz: July 22

Accounting Today

Test your accounting knowledge on chief AI officers, Operation Hidden Treasure, and more. No. 2 pencil not required!

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Comparative financial statements definition

Accounting Tools

What are Comparative Financial Statements? Comparative financial statements are the complete set of financial statements that an entity issues, revealing information for more than one reporting period. The financial statements that may be included in this package are as follows: The income statement (showing results for multiple periods) The balance sheet (showing the financial position of the entity as of more than one balance sheet date) The statement of cash flows (showing the cash flows for

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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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Top 7 Invoice Processing Best Practices for Your Business

Gaviti

Running a business is hard enough. Don’t let invoicing and processing slow you down. Creating efficient invoice processing procedures ensures you make the most of your time and money. So, where do you start? Understanding the top invoice processing best practices and the importance of automation will create a solid foundation for your business. What Is an Invoice Processing Cycle?

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Simplifying Retirement Solutions: How Guideline Pro Empowers Financial Professionals

Insightful Accountant

Retirement savings plans, particularly a 401(k), are a major consideration for many workers. Financial professionals can play a key role in helping businesses establish these plans, but the process can often be complex and time-consuming.

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Beryl victims in Texas get tax relief

Accounting Today

Individuals and businesses in the affected counties now have until next Feb. 3 to file various federal individual and business tax returns and make tax payments.

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How to account for self-constructed assets

Accounting Tools

What is a Self-Constructed Asset? A self-constructed asset is one that a business elects to build under its own management. A common example of a self-constructed asset is when a company chooses to build an entire facility. Or, the management team might elect to design its own production equipment, usually because its products are so unique that there are no standardized machines on the market that can manufacture them.

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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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QuickBooks Cloud Hosting: 9 Benefits for CPAs and SMBs

Ace Cloud Hosting

Embracing technology is no longer optional but necessary for staying competitive and efficient in today’s digital age. For Certified Public Accountants (CPAs) and Small to Medium-sized Businesses (SMBs), QuickBooks Cloud.

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IRS Continues To Expand Taxpayer Services and Online Tools

Insightful Accountant

Quarterly update highlights expansion on individual, business online accounts; Document Upload Tool hits 1 million submissions and more amended returns can be filed electronically.

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Art of Accounting: My wife wanted to call the gardener…

Accounting Today

There is a tendency to keep the clients we have, whether they are overgrown or not, or whether or not they still fit.

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How to write off a fixed asset

Accounting Tools

A fixed asset is written off when it is determined that there is no further use for the asset, or if the asset is sold off or otherwise disposed of. A write off involves removing all traces of the fixed asset from the balance sheet , so that the related fixed asset account and accumulated depreciation account are reduced. There are two scenarios under which a fixed asset may be written off.

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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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5 Common Document Management Mistakes Bookkeepers Should Avoid

LedgerDocs

Creating a system for document management is a great way to improve the accuracy and efficiency of your bookkeeping process, but there are a few common mistakes that can be made when setting up your system that can prevent you from experiencing the positive improvements. 1. Not Standardizing Document Naming Conventions The first and most common pitfall is using inconsistent naming conventions.

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Top 7 Cost-Saving Tips for AWS EBS Snapshots

Economize

What is an AWS EBS Snapshot? Snapshots play an important role in AWS data management, providing a secure, reliable, and cost-effective way to back up and restore data from Amazon EBS volumes. An EBS snapshot is a point-in-time copy of your EBS volume.

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Broker-dealer audits continue to have high deficiency rates

Accounting Today

The PCAOB issued its annual report on its audits of brokers and dealers and noted that it's seeing at least one deficiency in 70% of the 103 audit engagements it reviewed in 2023.

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Market value ratios

Accounting Tools

What are Market Value Ratios? Market value ratios are used to evaluate the current share price of a publicly-held company's stock. These ratios are employed by current and potential investors to determine whether a company's shares are over-priced or under-priced. The most common market value ratios are noted below. Book Value Per Share The book value per share is calculated as the aggregate amount of stockholders' equity , divided by the number of shares outstanding.

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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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Requisition Process

Tipalti

Whether you’re part of a purchasing team, a procurement department, or an employee making a purchase, odds are you’re following some kind of outlined requisition process. There’s no one correct way to initiate a requisition process, but having a working process in place is essential to making smooth, and smart, purchases in most companies.

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Jul 22, CRA News for Home Based Business Owners

Bookkeeping Essentials

CRA news for home based business owners doing their own bookkeeping. Keep abreast of relevant changes and announcements.

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5 warning sides of a bad ERC claim

Accounting Today

Double-dipping on wage claims and saying masks disrupted operations are just two new hallmarks of bad Employee Retention Credit claims.

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Intercompany accounting

Accounting Tools

What is Intercompany Accounting? Intercompany accounting is a set of procedures used by a parent company to eliminate transactions occurring between its subsidiaries. For example, if one subsidiary has sold goods to another subsidiary, this is not a valid sale transaction from the perspective of the parent company, since the transaction occurred internally.

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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.