Sat.Jun 15, 2024 - Fri.Jun 21, 2024

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Balancing crypto's volatility with fair value accounting principles

Accounting Today

The unpredictable nature of digital assets stands out as both a defining characteristic and a significant challenge for investors and accounting professionals alike.

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Intuit expands IDEAS Program

Intuit

In partnership with the Los Angeles Urban League, we announced the expansion of the Intuit IDEAS (Invest, Develop, Empower, Accelerate, and Scale) Program. The program, which began as a pilot in Los Angeles, will now expand to a total of 100 small business owners; applications for the three cities are now open in Atlanta , Los Angeles and Philadelphia.

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We’re answering your questions about new invoicing

Xero

Earlier this year we communicated that we’ll be retiring the older version of our invoicing product – classic invoicing – on 2 September 2024. You may have questions about this change, so we thought we’d answer a few of the most common ones people have been asking. Does new invoicing support repeating invoices? Yes, new invoicing supports repeating invoices.

Invoicing 245
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AccountingDepartment.com Awarded Inc. Best Workplaces 2024 Recognition

Accounting Department

We are thrilled to share that AccountingDepartment.com has been selected for inclusion in the Inc. Best Workplaces list, for the third year in a row! This recognition in 2024 highlights the success of the workplace environment we have cultivated over the last 20 years. We are grateful for the privilege of being acknowledged as an Inc. Best Workplace for the last 3 years now, and we extend our appreciation to our entire staff, who make it such a wonderful place to be every day.

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How to Avoid Getting Ghosted: 3 Secrets to Staying Relevant with Gen Z

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant or getting "ghosted" if they fail to meet the evolving needs of Gen Z consumers. In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will reveal key considerations banks should factor into their efforts to develop target products for the next generation of bank customers.

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IRS will resume paying ERC claims slowly to safeguard against fraud

Accounting Today

The Internal Revenue Service plans to begin slowly paying some of its older claims for the fraud-plagued Employee Retention Credit this summer but is not lifting its moratorium.

Tax 309
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Global Engineering Days: the Heartbeat of Intuit’s Innovation Culture

Intuit

Intuit’s Global Engineering Days (GED)—a week-long code-a-thon that brings together technologists from all corners of the globe—has long been a driving force behind the company’s mission to power prosperity for millions of consumer and small business customers. The May 2024 proved to be a powerhouse of creativity and innovation, marking the highest participation ever for Intuit’s global tech community who gathered to “Build our Next Chapter” at Intuit.

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The Best Workplace Mindset  | Beyond the Books Podcast by AccountingDepartment.com

Accounting Department

In this celebratory episode of Beyond the Books, host Andrea Boccard is joined by Amy Harold to discuss the prestigious Inc. Best Workplaces award.

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IRS cracks down on basis shifting by partnerships

Accounting Today

The Internal Revenue Service is targeting the use of basis shifting between related parties as a way for partnerships to avoid paying taxes, setting up a new unit within the Office of Chief Counsel to develop guidance aimed at closing tax loopholes.

Tax 294
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Lessons in leadership with Krithika Swaminathan

Intuit

Krithika Swaminathan ’s leadership journey began at a young age and in very unusual circumstances. In her early 20s, she was hired to lead a team of developers working on a special project for a monarchical head of state in Southeast Asia. The assignment was as challenging as it was rich in growth opportunities and leadership lessons. It launched an achievement-studded career for Krithika that included winning Intuit’s CEO Leadership Award and serving as Intuit’s VP, Global Data.

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Mastering pricing and packaging for accounting and bookkeeping services

Xero

As a business owner, would you be happy or sad if you got a hundred new clients tomorrow? Getting more business sounds exciting, but can be daunting if bookkeeping and accountancy practices aren’t set up to scale effectively. There is a slow but steady shift towards value-based pricing, rather than traditional hourly billing. If you want to adopt a pricing model based on the value you offer and the outcomes you deliver, where do you start?

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SaaS Evolution: The Critical Role of Embedded Finance

Speaker: Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms

Join us for an exclusive webinar hosted by Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms, where he’ll explore the significant impact of embedded finance on the software industry! This session is designed to provide you with the strategic insights needed to navigate the future of SaaS successfully, all while gaining a deeper understanding of how these trends can enhance your competitive edge, boost revenue, and deepen customer loyalty.

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FOCUS 1.0 is Now Available. Practitioners and Clouds Continue Adoption.

FinOps Foundation

Key Insight: FOCUS is the unifying format for cloud bills. The FOCUS 1.0 release has been formally ratified for General Availability. FOCUS is being adopted by end user FinOps Practitioners, leading cloud Infrastructure-as-a-Service (IaaS) providers, and FinOps tool vendors, who all benefit from removing complexity associated with cloud billing data normalization.

FinOps 147
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Fixing the pipeline problem

Accounting Today

The National Pipeline Advisory Group's recommendations cover a wide range of ways to attract more people to the profession, and Jennifer Wilson walks us through what everyone can do to help.

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AccountsIQ Online Partnership Launch Event

Compleatable

As we launch our partnership with AccountsIQ, have the opportunity to learn about why their solution is perfect for businesses that are outgrowing their finance system. Short demo included! The post AccountsIQ Online Partnership Launch Event first appeared on Compleat Software.

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Internal mobility can enhance skill development—if companies get it right

Intuit

In 2022, a study by Lever found that 25% of millennials want their leaders to prioritize internal mobility and 38% of Gen Z want their leaders to prioritize flexibility. So, how can organizations better support internal mobility to meet their employees where they are, and enhance retention and satisfaction? In the same vein, LinkedIn’s Workplace Learning Report 2024 tells us only 1 in 5 employees feel confident about their ability to transition internally.

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How to Easily Navigate Crypto Accounting in the Web3 Era

Speaker: Aaron Jacob, VP of Accounting Solutions & Reagan Cook, GTM Lead

Are you struggling to navigate the complexities and challenges that come with crypto accounting? 🤔 This new webinar will cover everything businesses need to know to get started with crypto accounting after incorporating crypto into their business models! Industry experts Aaron Jacob and Reagan Cook of TaxBit will thoroughly explore the prevalent operational hurdles encountered by accounting teams when interacting with crypto on the books, and detail how software solutions can effectively

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There Are No Runners

FinOps Foundation

Key Insight: While you can get to a Run state for individual FinOps Capabilities, your entire practice can not exist in a perpetual Run state across all Capabilities. Clouds, business strategies, and the economy are changing all the time. Mature FinOps practices have the ability to prioritize Capabilities that are important right now, and deprioritize others as changes occur.

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The 20 best states to be rich

Accounting Today

Residents with high earnings in these 20 states get a bigger break on their taxes, paying a smaller percentage of their income.

Tax 313
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Fidesic AP Suite Introduces New Healthcare Invoice Data Capture for D365 Business Central

Fidesic blog

It’s now easier for Healthcare Accounting Professionals using D356 Business Central to install and get started with advanced Accounts Payable Automation.

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[Expert Opinion] How to Attract Accounting Clients in 2024

Ace Cloud Hosting

In accounting world the key to success is attracting and retaining clients. Effective accounting marketing strategies can enhance visibility and build healthy client relationships, helping firms build long-term success in.

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Predictions You Can Rely On: How Data Drives Successful Financial Forecasting

Speaker: Robbie Bhathal, Founder & CEO, and Matthew Acalin, Head of Credit Intelligence

In today's volatile financial environment, how confident are you in your company’s financial forecasting? To get the most accurate cash predictions that will lead to long-term financial survival, real-time data is critical. Innovative cash management strategies can lead to better credit opportunities, more sustainable growth, and long-term financial prosperity.

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The most asked questions about Cevinio Autonomous AP Invoice Processing 

Cevinio

Explore the benefits of Cevinio Autonomous AP Invoice Processing for your business. We answer the most asked questions about our AI-driven.

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IRS drafts revised Research Credit form

Accounting Today

The Internal Revenue Service released a revised draft version of Form 6765, the Credit for Increasing Research Activities, in response to feedback.

Tax 276
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2025 ProAdvisor Awards - Advantages of Self-nomination

Insightful Accountant

Some ProAdvisors feel odd about nominating themselves, you really shouldn't. more than 70% of those achieving award status in our 2024 process were self-nominees. Murph tells you the advantages of self-nomination in today's feature.

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15 Accounting Podcast That You Can Listen To At Home

Ace Cloud Hosting

In an era, where staying at home has become the norm, finding productive and engaging ways to spend your time is more important than ever. Podcasts have become popular as.

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The Definitive Guide to Spend Management

The status quo for AP in small and mid-market companies is broken. It consists of messy tech stacks of siloed solutions that give rise to manual work, a lack of control, wasted spend, and unnecessary risks. The benefits of shifting to spend management are tangible, measurable, and are felt across the whole organization. Spend management is a different way of thinking and an innovation whose time has come.

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Thriving Amidst the Accounting Talent Crunch: Strategies for Employers and Job Seekers

accountingfly

“The accounting profession is not going to die. It’s not going to wither on the vine. There is lots of talent out there, and there are options and hope.” The accounting industry is facing a talent shortage, which is affecting both employers and job seekers. However, in a recent Accounting Talent Podcast discussing the reasons for the talent shortage , Jeff Phillips, the CEO of Padgett and Co-Founder of Accountingfly, sheds light on actionable insights to help both parties navigate this challenge

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IRS relaxes R&D tax credit refund claim requirements

Accounting Today

The Internal Revenue Service is easing the rules for claiming a tax refund tied to a claim for the research and development tax credit.

Tax 299
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The IRS’ New Use of AI

Insightful Accountant

The IRS is turning to AI to help select tax returns for audits, aiming to narrow the tax gap. A recent GAO report emphasizes the need for consistent and transparent use of this technology.

Auditing 105
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Jun 19, Sample Financial Reports Using QuickBooks® | Bookkeeping Reports

Bookkeeping Essentials

Sample financial reports because sometimes a picture is better than words. for those who learn by seeing. These bookkeeping reports are a reference point for producing your own financial statements.

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Navigating Financial Storms: Strategies for Building Resilient Balance Sheets

Speaker: Carolina Aponte - Owner and CEO, Caja Holdings LLC

In today's rapidly changing business environment, building a resilient balance sheet is crucial to the survival of any business. A resilient balance sheet allows a company to withstand financial shocks and adapt to changing market conditions. To achieve this, companies need to focus on key strategies such as maintaining adequate liquidity, managing debt levels, diversifying revenue streams, and prioritizing profitability over growth.

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Fundraising expenses definition

Accounting Tools

What are Fundraising Expenses? Fundraising expenses is a classification of expenses used by a nonprofit entity. Expenses included in this classification are fundraising mailings, fundraising functions, and an allocation of the compensation of those employees engaged in these activities. The proportion of fundraising expenses to total expenses is frequently reviewed by contributors to determine the extent to which their contributions will go toward more fundraising, rather than the targeted goals

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New guidance on emergency distributions from retirement plans

Accounting Today

Notice 2024-55 from the IRS explains exceptions to the additional tax for certain emergencies, and for victims of domestic abuse.

Tax 272
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Scaling New Heights 2025 Announced

Insightful Accountant

The final day of Scaling New Heights has always brought with it the announcement of the following year's event, and this year was no different.

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The SEC internship that changed everything for one aspiring accountant

Blake Oliver

Who knew that watching the TV show Suits could lead to a life-changing internship at the SEC? For Cody Turley, that's exactly what happened, and it was just the beginning of a wild ride through the world of forensic accounting. In this episode of The Accounting Podcast , Cody shares his fascinating journey, from an SEC internship to leading a forensic accounting team in his mid-20s in Arizona to investigating Ponzi schemes for the federal government.

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Putting the ‘Tech’ in Spend Management Techniques

Speaker: Wayne Spivak, President and CFO of SBA * Consulting Ltd., Industry Writer, Public Speaker

If you’re lost in the world of spend management needs and your GAP analysis is lacking perspective on the future state of your business performance, listen up! With the advancement of technology, the implementation of spend management best practices and concrete GAP analyses is more streamlined and accessible than ever before. And while this may sound like great news for you and your clients, it won’t be worthwhile unless you have the latest techniques to back up your ambitions!