Sat.Dec 17, 2022 - Fri.Dec 23, 2022

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Trends in client documentation that make accounting easier and audits less painful

Accounting Today

Auditing 351
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Xero partners with New Zealand Football to support football communities in Aotearoa

Xero

I’m thrilled to announce Xero is partnering with New Zealand Football to help support football clubs across Aotearoa, helping Kiwis balance better numbers off the field through a club support programme. . Through this long-term partnership agreement, which will run until 2026, we’re aiming to build on increased interest in the beautiful game that will no doubt be supercharged by the FIFA Women’s World Cup 2023 held in New Zealand and Australia.

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Happy Holidays from AccountingDepartment.com!

Accounting Department

Co-founders Dennis and Bill recorded their annual holiday message to clients, sharing their views on the past year as well as what they're planning for the future! (and maybe a few bloopers to enjoy at the end).

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ERP and Accounts Receivable Automation Integration Best Practices

Gaviti

Information silos are one of the biggest thieves of efficiency at companies worldwide. Companies spread their data across multiple platforms that update at different rates. Ultimately, this data falls out of sync, and some departments never get access to invaluable information that could help them make better decisions. This is why so many companies now look to accounts receivable integration and other similar options to break down information barriers.

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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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IRS delays $600 threshold for 1099-K reporting

Accounting Today

Tax 306
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Making Tax Digital for ITSA has been delayed, but we’re ready to support you

Xero

HMRC has announced that Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) has been delayed until April 2026. With small businesses, accountants and bookkeepers facing challenging times, we understand and support the delay from HMRC – giving you more time to prepare. . From this date, landlords and self-employed people earning above £50,000 annually will need to comply with MTD rules.

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More Trending

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How A/R Collections Data Can Improve Working Capital Management

Gaviti

Are you looking for new ways to improve working capital management? Most business owners have this on their annual to-do lists. It is crucial for small businesses that typically do not have the extensive funding of their bigger competitors. Small businesses have increasingly turned to automation to resolve operational issues, and maintaining cash in hand is no exception.

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How to network as an accountant in 2023

Accounting Today

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4 Common Obstacles To Managing Microsoft Azure Costs

CloudZero

Microsoft Azure was a relative latecomer to the public cloud market: AWS preempted everyone in 2006, and Google GCP came next, in 2008. By the time Azure launched in 2010, the public cloud market had already grown to more than $24 billion.

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Improve Your Business Cash Flow with These Steps

Accounting Department

Cash is king when it comes to business. A business with money tied up in inventory, equipment, investments and other non-liquid assets is an enterprise with limited flexibility. In particular, cash flow accounting is especially important.

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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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Creating New Accounting Firm Revenue Streams to Unlock Growth

Plooto

Accounting firm revenue streams are changing. To survive and thrive, they are shifting or adding offerings from tax compliance services to business advisory services to generate new revenue streams for profitable growth.

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Art of Accounting: Seven ego builders to avoid

Accounting Today

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MTD ITSA: A Statement from Dext

Dext

A statement from Dext, in light of HMRC’s recent announcement on the postponement of MTD for ITSA: HMRC have announced a delay to MTD for ITSA, and an increase in the income reporting level. However, the fundamental, practical challenges of servicing self-employed & landlord clients remain. At Dext, we will continue to focus on this.

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The Ultimate Guide to Digital Transformation in Accounts Payable

MineralTree

What does digital transformation mean in Accounts Payable? Digital transformation in Accounts Payable (AP) occurs when teams use technology to automate and streamline manual processes across the back office. It evaluates existing processes across the AP workflow to identify areas of improvement and help teams unlock greater efficiencies and insights.

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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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Accounting and Auditing Pains: When to Leave QuickBooks

Sage Intacct

For many startups and businesses that are still in the very early stages of growth, spreadsheet-based accounting solutions can be a real asset. But past a certain stage of corporate development, QuickBooks just doesn't make sense , particularly for auditing and accounting forecasting.

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PCAOB proposes new audit confirmation standard

Accounting Today

Auditing 278
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The Difference between Bookkeeping and Accounting

SMB Accounting and Consulting

Bookkeeping and accounting are often used interchangeably when describing a process of recording financial transactions for a business, but they are not the same functions. Generally speaking, bookkeeping is a part of the accounting process that focuses on recording financials transactions and is heavily rooted in data entry and reconciliation of bank and credit card transactions and statements.

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Databricks Pricing Explained: A 2023 Guide To Databricks Costs

CloudZero

For data professionals interested in data modeling, artificial intelligence, and machine learning, Databricks offers a powerful cloud data platform. The Databricks Lakehouse combines data lake and data warehouse capabilities in one architecture.

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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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Warning Signs Your SaaS Company is Outgrowing QuickBooks: Painful Audits and Challenging Forecasts

Sage Intacct

For many startups and businesses that are still in the very early stages of growth, spreadsheet-based accounting solutions can be a real asset. But past a certain stage of corporate development, QuickBooks just doesn't make sense , particularly for auditing and accounting forecasting.

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IRS tax return backlog will continue into 2023 filing season

Accounting Today

Tax 264
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The Wall That 7-Figure Firms Face

Future Firm

Many have developed their company swiftly past mid-6 figures, and while it wasn’t simple, things change when they hit 7-figures. Worst, they get stuck. I will explain two ways I diagnose this wall to help business owners break through it. Listen Below. 1:38 – Today, I want to share 2 things that I do to diagnose this wall to help firm owners break through it. 1:44 – The very first thing I do is get an understanding of the firm’s packages and prices. 2:14 – I’ll also look at the firm’

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4 Bookkeeping and Accounting Tips for Small Businesses

Counto

4 Bookkeeping and Accounting Tips for Small Businesses Keeping organised and having an accurate understanding of your financial situation is crucial to running a successful business. Moreover, setting up a system or accounting checklist for tracking your financial data will help you stay on top of your company’s numbers and keep your business secure.

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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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Payroll – Christmas and Public Holidays

Ontrack Bookkeeping

Christmas is a time of sun, sand, lots of food and family time here in the Southern Hemisphere. Ensuring employees get paid right for the public holidays however can be a challenge for those employing staff. We thought we would put together some examples to help you on with navigating the challenges of the Christmas payroll this year. PUBLIC HOLIDAYS THAT FALL ON A WEEKEND How to work out pay and holiday entitlements for a calendar date public holiday falling on a weekend, as Christmas Day

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Improving yourself is surprisingly simple

Accounting Today

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Rudolph and the Revenue

Accounting Fun

Rudolph the red-nosed reindeer Hated paying NIC Went to a sharp adviser Paid the man a hefty fee He told the other reindeer You should do the same as me Go and see my adviser Get yourself a PSC Then one foggy Christmas eve the taxman came to say: "Your idea was not so bright You owe tax, you're banged to rights" So all the deer were bankrupt Didn't have a bean they said Now taxman's after Santa He'll be really in the red.

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Ep. 212: Jennifer Smith – Obsessing over efficiency with the CEO of Scribe

IMA's Count Me

Connect with Jennifer: [link] Learn more about Scribe: [link] Full Episode Transcript: < Intro > Adam: Hello and welcome to Count Me In. The podcast that explores the world of business from a management accountant's perspective. This is Adam Larson, and today my co-host Neha, is talking to a woman who describes herself as an accidental CEO.

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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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Creditors Beware of Subchapter V: Podcast

NACM

? On today's episode of the Extra Credit #podcast, we take a look at how Subchapter V bankruptcy filings dilute a creditor's rights.? Hear advice from the experts, Jason Torf and Lynnette Warman!

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BDO aims to increase diversity and inclusion

Accounting Today

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QuickBooks? They Were On QuickBooks?

Cloud Accounting Podcast

Sponsors Zoho - [link] Liscio - [link] Canopy - [link] Need CPE? Subscribe to the Earmark Accounting Podcast: [link] Get CPE for listening to podcasts with Earmark CPE: [link] Show Notes 14:24 – Accountant that vetted Binance's reserves halts all crypto work | Accounting Today [link] 15:00 – Auditor Mazars Pauses All Work For Binance, Other Crypto Clients [link] Binance says the accounting firm it used to verify its reserves has paused all work for crypto clients [link] Binance Shows 'Pro

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Machine learning holds promise for tax enforcement

Accounting Today

Tax 251
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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.