Trending Articles

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Tax season so far: Looking for answers

Accounting Today

Taxpayers are accessing the IRS website much more this year than last to find the answers they need, with more than 410 millions visits through March 15.

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Xero invoicing: how we’re building a smarter, more flexible future

Xero

We recently announced that we’ll be retiring the older version of our invoicing product — classic invoicing — on 2 September 2024. We know you have plenty of questions and concerns about this change, so we thought we’d share an update on what’s happening behind the scenes. The good news: our teams are busy building a new invoicing product that is going to give you far more flexibility and customisation in the future, with beautiful checkout experiences and unlimited payment methods.

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To franchise or not to franchise: What should a business consider before taking the leap?

Xero

Dive into the world of franchising in this Q&A with Lime Licensing ’s CEO, Andy Cheetham, as he shares his expertise, insights, and advice for businesses looking to franchise. How can a business determine if its model is suitable for franchising? Franchising is all about replication. If your current business can create a clone of itself in another location then it’s likely that your clone could be a franchise, provided it can be profitable of course!

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Social Media Strategies for Business Growth in the Digital World | Beyond the Books Podcast by AccountingDepartment.com

Accounting Department

We are thrilled to announce that Episode 15 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

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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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Intuit partners with The Farmlink Project to address climate change and combat food waste

Intuit

Intuit has joined forces with The Farmlink Projec t , a nonprofit organization dedicated to redirecting unsold fresh produce to underserved communities. The joint initiative resulted in over 8 million meals delivered to communities in Los Angeles and prevented over 9 million pounds of food from going to waste since 2023. In addition, more than 13,000 tons of CO2e emissions have been avoided since 2023 with this collaboration, which is equivalent to taking almost 3,000 gasoline-powered vehicles o

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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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Mastering Cash Reconciliation: Process, Best Practices, and Automation Tips

Accounting Department

Balancing the books in any retail enterprise can be a nerve-wracking task. For small business owners and retail managers, ensuring that cash in the register matches the sales receipts is not just about maintaining financial accuracy – it's the linchpin of trust in your business and a crucial safeguard against fraud or operational errors. This comprehensive guide takes you through the intricate yet critical process of cash reconciliation, offering you a clear path to financial vigilance, operatio

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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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P2P Transformation: Valentina Smirnova’s Insights into AXA Partners’ Journey

Cevinio

Discover invaluable insights and experiences from Valentina Smirnova, as she shares her leadership journey in transforming AXA Partners. Gain valuable perspectives on finance transformation and effective change management strategies.

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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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Quick Start Guide to a Crystal Clear Close

Did you know automating your month-end close can save up to 40% of the time typically spent on manual reconciliations? CFOs and controllers are leveraging SkyStem's workflow management and reconciliation tool to eliminate costly mistakes, ditch manual reconciliations and close faster. Want to know how they do it? Download our Quick Start Guide to a Crystal Clear Close!

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QuickBooks Monday Minute | Recurring Transactions

Insightful Accountant

Recurring transactions, a feature in QuickBooks Online, is a powerful tool that can save you time and effort. It automates the creation of transactions that you frequently enter, ensuring consistency and accuracy.

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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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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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Podcast | Knowledge as a factor of accuracy and productivity in accounts payable

Cevinio

Welcome to “Knowledge as a factor of accuracy and productivity in accounts payable, the podcast” with Pavel Voronin, Knowledge & Training Lead at Cevinio [.

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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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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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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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Do Audit Opinions Matter? A Discussion with Professor Ed Ketz

Cloud Accounting Podcast

Professor Ed Ketz of Penn State joins the show to discuss audits' current state and future. We delve into the relevance of audits and explore the value of unqualified opinions in making audits meaningful. The discussion also touches on the overstandardization of audit reports and how this can lead to investor misunderstandings. Professor Ketz brings a unique perspective, sparking a debate on whether the existence of the unqualified opinion creates value rather than the content within.

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Keeping Clean Books: The Foundation of Small Business Success

Less Accounting

The practice of keeping clean books for a small business not only streamlines operations but also fortifies a company’s standing with investors, creditors, and regulatory bodies. Yet, the task of bookkeeping, with its intricate details and the need for precision, can often become overwhelming, especially for small businesses and startups. This is where the significance of having an expert ally, like Less Accounting, becomes invaluable.

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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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How to select an Accounts Receivable Automation solution

Cevinio

Transform your Accounts Receivable processes with the right automation solution. Learn how to choose the best AR automation tool to boost efficiency, accelerate payments, and optimize cash flow.

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$1B in 2020 tax refunds remains unclaimed

Accounting Today

Time is running out for nearly 940,000 individuals to claim refunds from 2020, with a May 17 deadline approaching for filing the necessary tax returns.

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Practicing Efficiency: The Power of One-Piece Flow in Your Workflow

Insightful Accountant

Have you ever heard of one-piece flow? The concept of one-piece flow stands as a beacon of efficiency. Ben Coleman explains one-piece flow and how to apply it to our daily work routines.

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Unlocking Amazon Success: Essential 2024 Selling Tips

Counto

Unlocking Amazon Success: Essential 2024 Selling Tips With Amazon being a powerhouse in the online marketplace, it’s crucial for businesses to understand the ins and outs of successful selling on this platform. Whether you’re a newcomer or a seasoned online seller, these expert tips will guide you through the process of increasing your sales on Amazon effectively. 1) Choose Products Wisely Before diving into the world of online selling, it’s crucial to choose products strategic

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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!

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6 steps to maximize and secure your techs tack

Plooto

In today's rapidly evolving digital landscape, new technology is helping even the smallest businesses play big. But without an internal team to help narrow down the many options, it might be a challenge to understand what’s available, how integration with your current systems will work, and how your chosen solution provides security for you and your customers.

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Kubernetes Cost Monitoring And Observability Tools Of 2024

finout

A microservice architecture supported by containerized applications underlies many cloud-native technologies. Not only do they offer scalability and flexibility, but they also ensure that applications are packaged with all the resources they require.

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Lawmakers question Biden budget proposals as tax experts plan ahead

Accounting Today

The Senate Finance Committee held a hearing to discuss the Biden administration's recently unveiled budget and tax proposals, as tax experts try to predict what will happen after the election.

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Calculating Your ROI Per Employee

Insightful Accountant

The changing landscape in the tax industry means firms are facing changes at a faster pace than ever. In addition to rapid technology changes, staffing challenges are prevalent and clients are demanding more value-added services than ever.

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Book of Secrets for the Month-End Close

Developing a consistent month-end close doesn’t need to be a mystery. We’re sharing our top 10 secrets (plus one bonus!) for streamlining your close.

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Mastering Payroll Compliance: A Guide for Singapore SMEs

Counto

Mastering Payroll Compliance: A Guide for Singapore SMEs In this guide, we’ll provide essential tips and best practices tailored to companies in Singapore, empowering business owners to streamline their payroll processes and avoid potential pitfalls. Understanding Payroll Compliance Payroll compliance encompasses a range of legal obligations that businesses must fulfil concerning employee compensation and tax-related matters.

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Top 10 Net 60 Vendors for Building Business Credit in 2024

Nanonets

Businesses rely on vendor relationships for a multitude of things; gathering raw materials, boosting customer service offerings, and securing certain software tools to help enhance business operations. While these partnerships are vital, investing in all the goods and services provided by vendors can add up fast. Luckily, with net 60 accounts offered by some vendors, businesses can get a bit of relief from the never-ending list of expenses.

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Jetpack Workflow vs. TaxDome: Head-to-Head Comparison [2024]

Jetpack Workflow

Jetpack Workflow and TaxDome are two popular software solutions that accountants, CPAs, tax professionals, and bookkeepers use to manage client work. Both platforms support workflow automation and team management features and integrate with major accounting software systems. When choosing between the two options for your firm, it helps to know where they differ and which may be more beneficial as you scale.

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IRS tries to catch up on backlog as returns flood in

Accounting Today

The Internal Revenue Service has been making progress on catching up with its backlog of unprocessed tax returns, but more work needs to be done, according to a new report.

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Best Practices to Ace Your Close

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Whether you’re on a 1-day close or a 10-day close, there are some fundamental commonalities that all strong accounting departments share when it comes to the month-end close. Please join us for an informative webinar where we share best practices that your team can implement today to ace your close! 1 CPE credit will be provided for qualifying participants.