Sat.Mar 16, 2024 - Fri.Mar 22, 2024

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Key 2024 Changes to the FinOps Framework

FinOps Foundation

Key Insight: The FinOps Framework has been updated to reflect the present-day practice of FinOps and to better align activities with best practices that maximize the business value of cloud. The 2024 revisions include updates to the definition of FinOps, changes to simplify the Framework organization, improvements to the Domain and Capability names, and an augmented set of Personas and Capabilities that are central to modern FinOps practices.

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The worst of times: Issues in accounting in 2024

Accounting Today

Senior leaders from Accounting Today's Top 100 Firms and Regional Leaders share their biggest concerns for the year ahead.

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Here’s how women at Intuit inspire inclusion

Intuit

March is a special month because it honors the contributions and achievements women have made throughout history. The theme for Women’s History Month in 2024 is inspiring inclusion, which recognizes the importance of embracing everyone and excluding no one. At Intuit, we recognize that individuals are multi-layered, and their experiences shape who they are.

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A Small Business Guide to Building Out a Chart of Accounts in QBO

Accounting Department

QuickBooks Online makes a chart of accounts accessible, but it's up to you to tailor it to your business's unique structure and financial tracking needs.

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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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Beyond Survival: Transforming the Busy Season with AI and Proactive Strategies

Insightful Accountant

Contributing Author Katie Thomas, CPA shows you how you can not only make it through "the busy season' by help future-proof your firm by adopting AI and proactive strategies.

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Building a more attractive profession 

Accounting Today

Seth Fineberg shares the three areas that accounting needs to address to make the profession more attractive to young talent.

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Maximizing Financial Operations with Outsourced FP&A

Accounting Department

This comprehensive guide illuminates the value proposition that outsourcing Financial Planning and Analysis can offer to small and medium-sized businesses.

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Making QBO more like QuickBooks Desktop

Insightful Accountant

As a part of the enhanced emphasis for QuickBooks users to migrate from Desktop to Online, Intuit is actually making changes in QBO to 'make it more like desktop.

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Tech news: KPMG Digital Gateway adds gen AI capacities

Accounting Today

KPMG Digital Gateway adds gen AI capacities; Chime now offers in-app tax filing; Financial Cents new ReCats tackles uncategorized client transactions; and other accounting tech news

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Quick guide for selecting the best accounts payable tool for your business

Cevinio

Discover the best accounts payable tool for your business with our comprehensive guide. Maximize efficiency, minimize errors, and optimize.

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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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Interview with AI: How useful is it

Bookkeeping Express

As Artificial Intelligence (AI) moves to the top of the buzzwords in today’s business world, we decided it was time to take it out for a spin and test its insights. We asked ChatGPT, Google’s free AI engine, some of the more pertinent questions for business owners. See some of those questions and answers below, as well as an exclusive look at how BKE is training an AI engine to provide even more useful information to our clients.

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Sage Introduces Fixed Assets Management for Intacct

Insightful Accountant

During this year's Sage Transform event, one of the big announcement was the incorporation of Fixed Asset Management into Intacct.

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SEC charges advisors over misleading AI claims

Accounting Today

The Securities and Exchange Commission has charged two separate investment advisors for severely overstating their use of AI and machine learning for financial advice.

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Top 7 Benefits of UltraTax Cloud Hosting You Cannot Ignore in [2024]

Ace Cloud Hosting

UltraTax CS by Thomson Reuters is a popular tax preparation and filing software with advanced features. However, with a local UltraTax setup, you get limited data accessibility. You get stuck.

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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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Keeping Rural Healthcare Afloat: Midwestern Financial Struggles

RevCycle

The idyllic landscapes and tight-knit communities of the Great Lakes region mask a growing concern – the financial struggles of rural healthcare. These facilities, often the sole source of medical care for miles around, face unique challenges in maintaining financial margins and collecting patient revenue. This article explores the financial struggles of rural healthcare in the Great Lakes region and proposes solutions, including implementing flexible payment policies, up-front collections, and

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Revolutionize with Microsoft 365 Copilot

Insightful Accountant

The introduction of Microsoft 365 Copilot, the powerful new AI assistant integrated across Microsoft's productivity apps, promises to transform the way professional firms operate, including accounting and tax practices.

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Deloitte revamps structure to cut costs in tough market

Accounting Today

Deloitte is looking to overhaul its structure as the professional services firm looks to cut costs ahead of a market slowdown, according to the Financial Times.

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How Expat Clients Can Legally Slash Their Tax Bill

Earmark Accounting Podcast

Do you have clients living or working abroad who could save big on their taxes? In this episode, expat tax specialist Vincenzo Villamena outlines creative strategies US citizens overseas can use to legally reduce their tax burden. Learn how your expat clients can exclude $120,000 in foreign earned income, set up offshore corporate structures to cut their tax rate in half, eliminate 15% self-employment tax, and more.

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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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Azure Functions vs Logic Apps: Comparison and Use Cases

Economize

Introduction As businesses grow, their need to handle large volumes of data and tasks increases. Automation and workflow integration help businesses scale their operations and eliminate the need for human intervention in repetitive, daily tasks.

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Can Tax Practices Really Implement a 4-Day Week

Insightful Accountant

Implementing a four-day workweek can boost productivity by 77%, improve work-life balance, reduce absenteeism, and save costs. However, it requires careful planning and execution, which may seem daunting in busy accounting and tax practices.

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PCAOB fines KPMG China partners $150K

Accounting Today

The Public Company Accounting Oversight Board imposed a total of $150,000 in fines against three partners at KPMG's firm in mainland China for violating PCAOB standards and imposed sanctions on them.

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Top Remote Accountants for Hire | March 21, 2024

accountingfly

Remote Accounting Candidates This Week Are you struggling to hire remote accountants? Accountingfly is ready to partner with you. With Always-On Recruiting , you can gain full access to a pool of highly skilled and experienced remote accountants. Plus, there’s no up-front cost! Below is a small selection of our available top accounting candidates this week.

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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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Working, Features, and Pricing Tiers of Azure CDN

Economize

In today’s digital age, where speed and accessibility are the prime factors of website performance, content delivery plays a crucial role in ensuring optimal user experiences. Azure CDN is a dynamic content delivery network (CDN) with a distributed network of servers, which helps you elevate your content delivery strategy.

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Reminder: May 31, 2024 Sunset of QuickBooks Desktop 2021

Insightful Accountant

Sunsets are not always as beautiful as the one depicted. and so it may be for many who are using QuickBooks Desktop 2021 products when those products 'sunset' on May 31, 2024.

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Senators introduce bill to curb GRAT tax break

Accounting Today

A pair of lawmakers proposed a bill to end the abuse of grantor-retained annuity trusts to avoid taxes.

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Email Security – How Accountants Can Safeguard Themselves? 

Ace Cloud Hosting

Managing extensive financial data and connecting through email communications? Beware, as you may be a prime target for cyberattacks. Email is the primary mode of communication in this digital business.

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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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Is Accounts Payable Automation a Good Investment?

NextProcess

The accounts payable department is responsible for managing a company’s payments. It’s uniquely positioned to help manage cash flow and support responsible financial management. Naturally, you want the method for managing accounts payable to support good financial decisions. Deciding whether to invest in updated accounts payable (AP) processing might not be an easy decision.

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Balance Daily Life Coaching Might Just Be For You

Insightful Accountant

We've all heard of 'life coaches', but a CPA turned Life Coach who specializes in coaching CPAs to "bring a sense of calm to their lives" WOW!

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A secret weapon for growth: market research

Accounting Today

A new Hinge study details the marketing tactics of high-growth accounting firms.

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11 Cybersecurity Tips & Best Practices You Must Follow in 2024

Ace Cloud Hosting

Cybercrimes increased by nearly 300% following the covid-19 pandemic. 43% of all cyberattacks target small businesses. 60% of all enterprises which fall victim to cyberattacks go out of business within.

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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.