Sat.Dec 28, 2024 - Fri.Jan 03, 2025

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Leveraging Financial Analytics: Turning Data into Actionable Business Strategies

Accounting Department

In today's fast-paced business environment, numbers alone won't cut it. It's about transforming those numbers into meaningful insights that can guide strategic decisions and drive growth. Financial analytics offers medium-sized businesses a powerful tool to convert raw data into actionable strategies, giving them a competitive edge. Let's explore how leveraging financial analytics can revolutionize business operations , improve decision-making, and enhance overall efficiency.

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9 Ways to Prepare Your CPA Firm for a Smooth Tax Season

Analytix Finance & Accounting

As a CPA firm, you already know that tax season brings the need for organization, meticulous attention to detail, and efficient processes to ensure success. Whether you offer tax services for a few clients or handle a higher volume, without preparation, this time can quickly become overwhelming, leading to bottlenecks, missed deadlines, and strained client relationships.

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Warning Signs of Accounts Payable Fraud and How to Address Them

oAppsNet

Accounts payable (AP) fraud is a growing threat to businesses of all sizes. Fraudsters are becoming increasingly sophisticated, leveraging technology and exploiting vulnerabilities within AP processes to steal funds and manipulate financial records. As enterprises navigate this evolving risk, it’s crucial to understand the warning signs of accounts payable fraud and take proactive measures to address them.

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Bench acquired by Employer.com after sudden shutdown

Accounting Today

Canadian accounting firm Bench, which abruptly shut down last week, has been acquired by payroll and onboarding solutions firm Employer.com.

Payroll 306
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Cash Flow Secrets Every Upskilled CPA Should Know

Speaker: Debra L. Robinson

CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.

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Who Inspires You in the Industry? – Hear From Industry Experts

Ace Cloud Hosting

In the ever-evolving world of accounting and financial services, staying inspired and innovative is essential. Professionals often find motivation from peers, mentors, and thought leaders who push boundaries and redefine.

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Future-Proofing Your Business: Why CFO Support Services Are Essential for Long-Term Success

Accounting Department

In an ever-evolving business landscape, anticipating and adapting to future challenges and opportunities is crucial for achieving long-term success. As companies strive to stay ahead, CFO support services have emerged as a vital component in future-proofing business operations. Providing expert financial guidance, strategic planning, and technological integration, these services play a pivotal role in ensuring stability and growth.

More Trending

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The most-read stories of 2024 in accounting

Accounting Today

The worsening talent shortage and new policies from the Internal Revenue Service top the list of the stories our readers flocked to.

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BOI Reporting in Flux Following Fifth Circuit Rulings

Insightful Accountant

The enforcement status of the CTA continues to shift following recent Fifth Circuit decisions. After initially granting the emergency motion to stay a nationwide injunction on December 23, the Fifth Circuit's merits panel reversed course.

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Why Did Bench Accounting Shut Down and What Should You Do Now?

Bookkeeping Express

In a shocking turn of events, Bench Accounting, once a prominent player in the bookkeeping space, has ceased operations, leaving many small business clients scrambling to figure out what to do next. While the exact reasons for Benchs closure are still unfolding, early indicators suggest financial instability may have played a significant role. For thousands of small businesses who relied on Bench, this news is more than a headlineits a major disruption.

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A Sample CPA Firm Client Transition Letter (Free Template)

Jetpack Workflow

Whether your firm is undergoing personnel changes or you need to restructure your team for better alignment with your business objectives, there may come a time when you need to re-assign a client to a new accountant. While the client may not notice much difference with the change, communicating the details of this transition clearly and professionally is essential so they dont feel left in the dark.

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Profit in the Details: Rethinking Spend for Monumental Impact

Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g

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New crypto regs will generate information deluge

Accounting Today

Experts expect 'scattershot, unhelpful reporting' of crypto assets and transactions for the first few years with the 1099-DA.

Tax 290
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5 Signs It’s Time to Automate Your AP Processes 

AvidXchange

Have you noti ced inefficiencies in your accounts payable (AP) department ? It might be time for a change. Identifying signs like frequent errors, late payments , or audit challenges can highlight the need for automation. In this post, well explore key indicators that signal its time to streamline your AP workflow and boost efficiency with automation.

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Top 10 Financial Management Tools for CFOs

Invoicera

Financial management is particularly vital for small businesses since 61% rely on personal savings to meet their funding needs. The above statistics clearly depict how much of a requirement there is for financial management tools. Additionally, with the average loan under the SBA’s 7(a) program being approximately $479,685 in 2023, having robust financial management systems becomes crucial for businesses to handle loans effectively and avoid financial pitfalls.

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How to NetSuite - Supply Chain Planning

Insightful Accountant

Murph summarizes the advantages of sound supply chain planning and procurement management if your business involves production/manufacturing or wholesale/retail sales. He overviews these capabilities within Oracle NetSuite.

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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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IRS finalizes regs for De-Fi tax reporting

Accounting Today

The Internal Revenue Service issued final regulations for sales and exchanges of digital assets on the new Form 1099-DA for decentralized finance brokers, along with transition relief.

Tax 289
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Jan 2, How To Close Your Books in QBO

Bookkeeping Essentials

Closing the books is an important practice for any small business owner. Learning how to use QuickBooks Online to close your books is much simpler than some other accounting programs. Here's the why, when, and how to close the books in QuickBooks Online (QBO).

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4 Common Misconceptions About Our Monthly Accounting Service

CSI Accounting & Payroll

Not a lot of people understand what monthly accounting is. (After all, its not exactly one of the more common accounting solutions.) That means when prospective clients contact us, they often have assumptions about what we do.

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Tech Stack Series: Discovery and Onboarding, Re-engagement and Dis-engagement Tech

Insightful Accountant

In this Tech Stack series with Kellie Parks CPB, we will cover the essential technology for building a harmonious onboarding experience that sets the stage for respectful, professional client relationships with your firm.

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Unlock The Blueprint: How To Construct A Better Payment Workflow

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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Survey opens for 2025 Top 100 Firms and Regional Leaders

Accounting Today

Accounting Today is looking for firms that belong in its prestigious annual rankings of the biggest practices in the field.

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110 Top Cybersecurity Stats and Facts for 2025

Ace Cloud Hosting

“There are two types of companies: those who have been hacked, and those who don’t yet know they have been hacked.” This quote by John Chambers emphasizes that no organization.

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Ep. 294: Michael Dion - Mastering Financial Transformation: The Strategic Power of Automation

IMA's Count Me

Join us on this exciting episode of the Count Me In Podcast, where Adam Larson sits down with Mike Dion , an expert in FP&A and automation. Mike shares his fascinating journey from finance intern to automation advocate, revealing the transformative power of streamlining processes. Get ready to learn how simple tools like Excel can save hours in your workweek, and discover actionable insights on balancing work-life with smart automation.

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The Future of Accounting: Zoho Practice

Insightful Accountant

Accounting firms face numerous challenges, from inefficiency to miscommunication and time-consuming manual tasks. Zoho Practice is a comprehensive platform designed to streamline your operations.

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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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SEC approves PCAOB rule change on deregistering firms

Accounting Today

The PCAOB will be able to address situations in which a registered firm has ceased to exist, is nonoperational, or no longer wishes to remain registered.

Auditing 264
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Financial Vitality | Automating Invoice To Cash

oAppsNet

Maintaining robust financial health is a top priority for companies of all sizes in today’s fast-paced business environment. One of the most critical aspects of economic vitality is efficiently managing the invoice-to-cash (I2C) process. This process encompasses everything from issuing invoices to receiving payments and directly influences cash flow, profitability, and overall business performance.

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What Is a Jumbo Loan?

Fit Small Business

A jumbo loan, also commonly referred to as a jumbo mortgage, is a type of financing that is suitable for real estate purchases that exceed the maximum conventional loan amount designated by the Federal Housing Finance Agency (FHFA). These loans commonly have stricter qualification requirements but have comparable interest rates when compared with standard mortgage.

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Enhancements to QBO Advanced Financial Forecasts

Insightful Accountant

As a part of the Financial planning features available to QuickBooks Online Advanced users, a new 'Forecasts' functionality has been released. Presently it is available to all U.S. QBO-Advanced subscribers.

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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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IRS seeks feedback on draft 6765 instructions

Accounting Today

The proposed instructions relate to filing for the research credit.

Tax 264
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Advantages of married filing separately for tax return as compared to filing jointly

Black Ink Tax & Accounting

Table of Contents Advantages of married filing separately for tax return as compared to filing jointly For the filing of […] The post Advantages of married filing separately for tax return as compared to filing jointly appeared first on bitaccounting.

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If At First You Don’t Succeed, Try, Try Again (Except…)

Future Firm

To succeed in business, youll need strong sales, marketing, and more. However, there's one quality that could make all the difference. The post If At First You Don’t Succeed, Try, Try Again (Except) appeared first on Future Firm.

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QuickBooks Desktop Mobile App Functionality

Insightful Accountant

Have you noticed a change in the functional capability of the QuickBooks Desktop Mobile App? I've had reports that the app's OCR (optical character reading) functionality isn't working for 'Receipts' or 'Bills' snapped for upload.

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Crafting Impact: Revenue Growth And Efficiency For Finance Professionals

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.