Sat.Oct 26, 2024 - Fri.Nov 01, 2024

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From Startups to Enterprises: Tailoring CFO Support Services to Fit Your Business Needs

Accounting Department

In the ever-evolving landscape of business, one size rarely fits all. This is particularly true when it comes to financial management. Whether you're a burgeoning startup or an established enterprise, having a firm grasp on your finances is crucial.

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Announcing our investment in Wildfire

Intuit

Today, we are announcing Intuit Ventures’ investment in Wildfire , a financial technology platform that powers loyalty and reward programs, shopping companions, and content monetization. We’re excited to co-lead the company’s Series B round with Mucker Capital alongside Samsung Next, TTV Capital, QED Investors, B Capital, and others. Consumers are facing high prices and inflation: 75% of consumers are interested in earning cash back rewards to offset their higher cost of living.

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TCJA extension or sunset: Gamechangers for professional athletes

Accounting Today

Uncertainty around sunsetting provisions should have professional athletes planning ahead on their taxes.

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Denial Management Strategies for 2025: Trends & Best Practices

RevCycle

As healthcare continues to evolve, so do the complexities of managing the revenue cycle, with denial management being one of the most persistent challenges. Denial management is an essential component of healthcare revenue cycle management (RCM) because denials directly impact an organization’s financial health. From 2022 – 2024, the number of providers who said denials are increasing jumped from 42% to 77%.

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Forecasting Failures Are Costly: Here's How To Fix Them

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

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Unlocking Profit Potential Through Strategic Financial Forecasting

Accounting Department

In the current competitive environment, small and medium-sized businesses (SMBs) must leverage every possible advantage to succeed and expand. Forecasting is a powerful tool that can greatly influence a company's financial success.

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Effective Year-End Business Budgeting Strategies for Financial Success

Enterprise Recovery: Accounts Receivable

With just a few months left of the year, it's time to ensure that your business is well-prepared. Careful planning and allocation of financial resources can help your business seize new opportunities, overcome potential challenges, and achieve its growth objectives. By creating a financial roadmap that supports sustainable development and long-term success, you're positioning your business to thrive in the coming year.

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Essential Standards for Your AR Team

oAppsNet

Your Accounts Receivable (AR) team is your business’s critical cash flow driver. With a high-performing AR team, your business can expect accelerated payments, improved cash flow, and a reduced risk of falling behind on bills, payroll, and growth opportunities. But what separates an average AR team from a high-performing one? It all comes down to standards—the essential practices, guidelines, and expectations that every team member follows to ensure a smooth and efficient process.

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Can Cloud Content Management Improve Your Team’s Productivity?

LedgerDocs

As bookkeepers, we know better than anyone that time is money. That’s why we’re always on the lookout for tools to improve productivity, enhance collaboration, and simplify our processes. In recent years, one solution that has proven to be a game-changer for bookkeeping teams is cloud content management. With the growing demand for simple, accessible, and secure document handling, a centralized, cloud-based document management system has become more essential than ever.

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Top 9 Docsumo alternatives for data extraction

Nanonets

Docsumo is a document processing solution designed to help businesses automate data extraction and reduce manual data entry. It enables teams to automatically extract valuable information from various document types, including invoices, bank statements, insurance forms, and shipping documents. About Docsumo With its AI-powered platform and pre-trained models, Docsumo aims to improve document-heavy workflows, save time, and reduce errors.

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Two CPAs caught in conservation easement scam

Accounting Today

The Georgia accountants were sentenced to periods of supervised release and have to pay millions in restitution.

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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

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Improving your Cash Application Processes

oAppsNet

If you’re like most businesses, your cash application process probably isn’t as efficient as it could be. Many companies struggle to reconcile incoming payments, match them to the correct customer accounts, and ensure everything is accounted for in real-time. The result? Delays in cash flow, errors, and frustration for both your team and your customers.

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Unlock Cloud Cost Efficiency with Finout’s Unit Economics Widget

finout

In today’s cloud-first world, increasing cloud spend isn’t always a cause for concern—it can be a sign of business growth, more customers, or innovation. But how can you ensure that rising cloud costs are connected to business outcomes and profitability? That’s where Finout’s Unit Economics widget comes in! It helps break down cloud costs, revealing how much it takes to support each customer, transaction, or service.

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The Complete Guide to the NetSuite REST API

Nanonets

Oracle NetSuite’s REST API offers a modern, efficient way to integrate your workflows with NetSuite. Leveraging JSON, OAuth, and modern web standards, the REST API opens up powerful capabilities for developers and businesses alike. In this guide, we’ll dive into the specifics of the NetSuite REST API, including its setup , features , and use cases , while exploring advanced querying with SuiteQL , and how tools like Nanonets can scale your NetSuite-driven workflows.

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Liability insurance for accountants: New times, new risks

Accounting Today

Liability insurance experts examine the current landscape of risk.

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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.

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How to Rally Your Firm Around Workflows and a “Process” Mindset

Jetpack Workflow

I had the pleasure of hosting Wendy Barlin , a seasoned CPA with over 25 years of experience in the accounting industry, a few weeks back on a great webinar. Wendy shared her insights on workflow management, particularly in the context of change management and team dynamics. Here’s a short recap of our full discussion below. Key Talking Points We kicked off the session with a brief introduction and highlighted Wendy’s journey of buying and selling a firm, emphasizing her progressive

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The Top 4 Xero Finance Options for Small and Medium Businesses

FundThrough

With a sea of options available, choosing financing that’s a fit for your business feels overwhelming. As small business owners and entrepreneurs ourselves, we understand the struggle. Financing aligned with an accounting software provider, like Xero, narrows it down. Read on to discover apps that will help you get funded and get back to business […] The post The Top 4 Xero Finance Options for Small and Medium Businesses appeared first on FundThrough.

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Why Hiring a Professional Tax Preparer Is Inevitable This Tax Season? 

CapActix

Tax season often brings a great deal of pressure. Many individuals and businesses find themselves buried under endless paperwork and confusing regulations. These tasks can be overwhelming, especially when trying to avoid costly errors. This is where you must consider the services of a professional tax preparer. Instead of struggling through forms and laws, you can rely on their expertise to handle everything smoothly and accurately.

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Tax Fraud Blotter: Questionable resources

Accounting Today

To the mat; extra help; FACS of the case; and other highlights of recent tax cases.

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How To Break Digital Transformation Barriers And Accelerate AI Adoption

Speaker: Anna Tiomina, MBA

AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?

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Top Remote Accounting Candidates for Hire | October 31, 2024

accountingfly

Top Remote Candidates This Week Are you in need of remote accountants? Accountingfly can assist you! Our ‘ Always-On Recruiting ‘ program allows you to connect with highly skilled and experienced remote accounting candidates without any upfront costs. Here are some of our top remote accounting candidates for this week. Sign up now to receive the full list of available top accounting candidates on a weekly basis!

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Why CFOs Must Prioritise Their Own Efficiency: The Importance of AP Automation

Compleatable

They say that doctors make the worst patients. While I can’t confirm whether this is true, the analogy resonates deeply with me as a CFO. Just like doctors may meddle in their own diagnoses, we finance professionals often neglect our own needs, especially when it comes to the resources that would make our jobs easier. Let me explain. As finance experts, we excel at building robust budgets and forecasts.

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Client Accounting Services? | Get Started in 7 Steps

Future Firm

Client Accounting Services are red hot right now. Learn what they are, why they're important and a 7-step process on how to roll them out. The post Client Accounting Services? | Get Started in 7 Steps appeared first on Future Firm.

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FASB proposes update on accounting for software development

Accounting Today

The Financial Accounting Standards Board issued a proposed accounting standards update to update the guidance on accounting for software, specifically when it comes to developing software for internal use.

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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

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What is Usage-Based Billing?

Billing Platform

With so many different billing models available, it’s not uncommon for us to hear the question: what is usage-based billing? Simply put, usage-based billing allows users to pay only for what they use – no more, no less. Usage-based billing is certainly not a new pricing model. In fact, it’s also known as usage-based pricing, consumption-based pricing, and pay-per-use.

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Director definition

Accounting Tools

What is a Director? A director is a member of an entity's board of directors , who has responsibility for creating policy-level decisions, as well as the overall direction and allocation of funding within an organization. A director is typically approved for a one-year term in office by an entity's shareholders at the annual shareholders' meeting, though the duration of the term can vary.

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What is Azure Backup Costs: A Simple Guide

Economize

Understanding Azure Backup Azure Backup service is a reliable backup and recovery solution for both your on-premise and Azure resources. It protects your critical data and prevents data loss from accidental deletions, ransomware attacks, corruption, or hardware failures.

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Personality screenings may improve audit quality

Accounting Today

Researchers found that auditors with greater honesty-humility are more likely to prioritize professional integrity and report financial infractions.

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Maximizing Profit and Productivity: The New Era of AI-Powered Accounting

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

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What Is Total Contract Value, and How Does It Differ From Annual Contract Value?

Billing Platform

As a software-as-a-service (SaaS) organization, you’re likely familiar with terms like total contract value (TCV) and annual contract value (ACV). For ease though, let’s define them. Sometimes referred to as contract value, total contact value (TCV) measures the total revenue of a contract, including both recurring revenue, as well as other fees such as onboarding, professional services, training, over-use charges, implementation fees, etc.

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Deficit definition

Accounting Tools

What is a Deficit? A deficit is the negative balance in retained earnings that is caused by cumulative losses exceeding the amount of equity. A deficit can be the result of a large amount of startup costs for a new business, which will (hopefully) be offset by profits in future reporting periods. A deficit may also be the result of the ongoing inability of a more established organization to generate a profit on a consistent basis.

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Top Best Lacerte Add-ons for Accountants and Tax Preparers

Ace Cloud Hosting

Lacerte is a renowned professional tax preparation software offered by Intuit. It provides features and tools for error diagnosis, automated calculations, tracking missing data, tax law alerts, and more. It.

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Thomson Reuters makes major investment in AI cross-selling software

Accounting Today

Thomson Reuters has made a major investment in Propense, an AI-powered cross-selling solution, which will enable the company to expand its reach among CPA firms.

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Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.