Sat.Nov 18, 2023 - Fri.Nov 24, 2023

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Simplifying the settlement of invoices: A practical guide

Nanonets

Settlement of invoices isn’t simply about paying off a bill. It's a process that ensures every payment, adjustment, or write-off tied to an invoice is accounted for and settled. There are no messy records, just tidy transactions. It paves the way for flawless financial records, better cash flow, and smooth business operations. Which business owner wouldn't want that?

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3 Workplace Trends Finance Departments Can’t Ignore 

AvidXchange

In September 2023, AvidXchange surveyed 500 finance executives at mid-market companies to learn about their priorities and plans for 2024. Our chief evangelist, Chris Elmore, led a discussion that summarized the findings on the latest episode of our “Net 30” podcast. Elmore invited David Tareen, senior director of product marketing, and Gary Larson, director of growth readiness, to share their reactions to the survey findings and add insights.

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Variance analysis definition

Accounting Tools

What is Variance Analysis? Variance analysis is the quantitative investigation of the difference between actual and planned behavior. This analysis is used to maintain control over a business through the investigation of areas in which performance was unexpectedly poor. For example, if you budget for sales to be $10,000 and actual sales are $8,000, variance analysis yields a difference of $2,000.

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9 Best Client Management Tools for 2024

Invoicera

Do any of these scenarios sound familiar? Struggling to keep track of client interactions, communication, and appointments, leading to missed opportunities? Your team finding it challenging to collaborate and share client-related information? Experiencing difficulties with maintaining client satisfaction and building lasting relationships? Concerned about the security of the client’s data?

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Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

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Ted on Tech: Upgrading your office

Accounting Today

With the holidays coming fast upon us, it's time to start thinking about presents. Ted Needleman scoured the review pile to see what might be appropriate to update your office, or to gift to staff.

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Happy Thanksgiving From AccountingDepartment.com!

Accounting Department

This year we're especially thankful for our clients and our team - it is their collective energy, positivity, and dedication to success that has made this such a great year.

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Add some "Style" to Your QBO Inventory with Item Variability

Insightful Accountant

As Intuit incorporates more of the QuickBooks Commerce inventory related functionality into various QuickBooks Online SKUs, they are adding some "Style" to QBO Advanced Inventory.

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The 20 worst states to be a property owner

Accounting Today

The five states with the highest real-estate taxes have an average rate of 2.17%.

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Avalara Tax Solutions for Manufacturing Businesses

Accounting Department

The landscape of tax legislation is constantly evolving, and clients are undoubtedly experiencing its impact. Even in the best of times, manufacturers face distinctive challenges when it comes to sales and use tax.

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How to Become a CPA (A Comprehensive Guide)

Intuit

Table of Contents What is a CPA? What does a CPA do? What is a CPA License? How to Become a CPA? CPA Requirements by States Available Career Opportunities at Intuit for CPA Entry-Level CPA Jobs Are you ready for an exciting new career as a Certified Public Accountant (CPA)? CPAs are some of the highest-paid professionals in the world of finance. They also experience a very high level of job security.

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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.

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Breaking News: IRS Delays 1099-K Requirement Again

Insightful Accountant

For the 2nd year in a row, the IRS has delayed the implementation of the 1099-K $600 Rule regarding payment service reporting.

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IRS delays $600 1099-K threshold for another year

Accounting Today

The service will postpone the lower threshold, but will phase in a threshold of $5,000 for tax year 2024.

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Tax Planning for 2024: Accountants and CPAs’ Tips for Success 

Ace Cloud Hosting

Tax planning is a proactive approach that involves looking ahead to identify and implement strategies that can reduce your workload. It’s about understanding your clients’ financial goals and assessing.

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2023-2024: Top 10 Expense Management Tools

Invoicera

Expense management remains a persistent challenge in the dynamic and modern business world. Manual tracking consumes time and invites errors, potentially disrupting financial harmony. Yet, with technology enhancement, many expense management tools have emerged, promising efficiency and accuracy. We’ll dive into the top 10 expense management tools for 2024 and beyond.

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Building a Business Case for Finance Automation

Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.

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QuickBooks Ledger, the Next Simple, Great Thing

Insightful Accountant

Intuit has found a new way to incorporate more client data into the QuickBooks ecosystem even when the client doesn't subscribe to it. QuickBooks Ledger. It's a way to 'ledger' client data, validate it, and pass it on for tax preparation.

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Tax pros: The IRS may be calling you

Accounting Today

The service is conducting a random survey of practitioners Nov. 27-Jan. 19.

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12 Directories to Find CPAs and Accountants for Your Business

Ace Cloud Hosting

Hiring a skilled accountant or Certified Public Accountant (CPA) is essential in achieving financial clarity and making informed decisions that drive business prosperity. However, with abundant accounting professionals available, finding.

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Contingent asset definition

Accounting Tools

What is a Contingent Asset? A contingent asset is a possible asset that may arise because of a gain that is contingent on future events that are not under an entity's control. Auditors are particularly watchful for contingent assets that have been recorded in a company's accounting records , and will insist that they be eliminated from the records before issuing an auditor’s opinion on its financial statements.

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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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AvidXchange Releases Top Priorities and Trends for Finance Leaders in 2024

Insightful Accountant

AvidXchange report reveals top five initiatives finance professionals are considering when planning for the year ahead.

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The returns you'll be filing more (and less) of in 2023

Accounting Today

Five types of return are projected to increase in volume by more than 45% in FY 2023.

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Iron Lake Balls Utilises Dext Prepare for Ace Accounting

Dext

About Iron Lake Balls Founded in 2022, Iron Lake Balls LTD is a sports eCommerce business that visits golf courses to recover balls for recycling. On top of tracking down rogue golf balls, the business also has a washing facility where the team refurbishes them so they’re like new.

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Controllable variance definition

Accounting Tools

What is a Controllable Variance? A controllable variance refers to the "rate" portion of a variance. A variance is comprised of two elements, which are the volume variance and the rate variance. The volume element is that portion of the variance attributable to changes in sales volume or unit usage from a standard or budgeted amount, while the rate element is the difference between the actual price paid and a standard or budgeted price.

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Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.

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Reimagined ProAdvisor Program Goes Live Today

Insightful Accountant

Intuit has 'reimagined' the ProAdvisor Program after 26 years, the new (v1) of the program goes live today (11/20/23) with more changes to come in the furture.

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New rules proposed on credits for renewable energy property

Accounting Today

The Treasury and the IRS issued laid out possible regs to update the investment tax credit rules to encompass various forms of renewable energy.

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How ATX Cloud Hosting Overcomes Tax Preparers Challenges

Ace Cloud Hosting

Tax season is the busiest time for tax preparers, and the amount of work can be overwhelming.

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Quality costs definition

Accounting Tools

What are Quality Costs? Quality costs are the costs associated with preventing, detecting, and remediating product issues related to quality. Quality costs do not involve simply upgrading the perceived value of a product to a higher standard. Instead, quality involves creating and delivering a product that meets the expectations of a customer. Thus, if a customer spends very little for an automobile, he will not expect leather seats and air conditioning - but he will expect the vehicle to run pr

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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

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Unlocking New Possibilities with QuickBooks Time: Enhanced Time Tracking Capabilities!

Insightful Accountant

Previously a standalone app, QuickBooks Time has undergone significant enhancements, merging seamlessly into QuickBooks Workforce and integrating time data into QuickBooks Online as part of the payroll functionality.

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Bonadio Group finds ways to attract more people to accounting firms

Accounting Today

The Top 50 Firm is improving its compensation and benefits to bring in more experienced professionals and young recruits.

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A Complete Guide to Automating Email Responses

Nanonets

Email is an essential means of communication in today's world. Whether you're a business owner, an employee, or a freelancer, you probably receive dozens, if not hundreds, of emails every day. Responding to all these emails can be time-consuming and sometimes involves doing repetitive tasks. This becomes cumbersome, especially during the work hours when you have other important tasks to attend to.

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Advanced timekeeping systems

Accounting Tools

The Best Time and Attendance Systems The following topics itemize the various types of systems that are now available for use in tracking employee time for payroll purposes. Biometric Time Clocks This is a computerized time clock that requires a hand or fingerprint scan in order to positively identify an employee. These clocks are expense and scan rather slowly, but completely eliminate the risk of one employee punching in on behalf of an absent employee.

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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.