Thu.Sep 21, 2023

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Digital transformation beat expectations, but profits lag

Accounting Today

A KPMG poll found more than half of businesses say digital transformation initiatives have exceeded expectations for ROI but this may not necessarily translate into more profits.

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5 Essential KPIs to Track for Your Growing Business

Accounting Department

As a growing business, it's essential to monitor and track various key performance indicators (KPIs). This is crucial in assessing the performance of your business, determining the areas that need improvement, and making informed decisions.

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Small businesses face new family leave and pay requirements

Accounting Today

Businesses have been dealing not only with inflation and rising interest rates, but also new requirements for family leave, minimum wage increases, and pay transparency rules.

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Celebrate Your Team: Finance & Accounting Appreciation Week 

AvidXchange

T h e I n s t i t u t e o f F i n a n c e & M a n a g e m e n t (IOFM) ’ s Finance & Accounting Appreciation Week is September 25-29, 2023. Now’s the time to order treats and circulate cards for your hard-working accounts payable (AP) team. AvidXchange’s own Rhonda Greene, principal solutions consultant, said it best: “I’ve never worked with an AP person that didn’t want to make a difference.

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If It Aint Broke, Don’t Fix It: A Dangerous Mindset

Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be

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The crucial role of document management in accounting firms

Accounting Today

In the complex world of finance and accounting, precision is paramount. Every transaction, every number, every document, and every piece of data holds immense value.

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Accounting Tips for Engineering Companies

CSI Accounting & Payroll

Engineering companies face complex issues for clients, and your accounting can be equally as challenging. Depending on the size of your company, you may have different concerns. At CSI Accounting & Payroll, we've worked with engineering companies for over 50 years. We know that keeping on top of your accounting is not as straightforward as it is for some other small businesses.

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The ERC Jumps The Shark with Snoop Dogg Deepfake

Cloud Accounting Podcast

Buckle up for a wild ride covering everything from brazen ERC scams to cutting-edge AI. Join Blake and David as they expose the rampant fraud sucking billions from the federal coffers. You'll hear an unbelievable voicemail scam promising gangbusters refunds—could it really be Snoop Dogg or is your mind playing tricks? Fast forward to the bleeding edge of technology with jaw-dropping examples of AI voice and face swapping.

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Revived Andersen accounting firm sees revenue up 19% this year

Accounting Today

The consultancy, created by former partners of Arthur Andersen, expects revenue to exceed $1.9 billion this year.

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Canon imageFormula R40 Receipt Edition

Insightful Accountant

Murph checked out the Canon imageFormula R40 Receipt Edition for QuickBooks Online. See how it captures receipts, extracts key data, and sends the data and image to QuickBooks in a few clicks, and handles other documents just as well.

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AI for accounting marketing: A SWOT analysis

Accounting Today

A look at the strengths, weaknesses, opportunities and threats of tools like ChatGPT in promoting professional services.

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Business Travel Expense Strategies for Everybody

Global business travel is surging, with companies spending as much as or more than they did before the pandemic. This trend is expected to continue, with more growth on the horizon. The types of travelers are also changing, with millennials and Gen Zers taking on the majority of the load. Business travel is evolving, and younger generations expect less hassle, even though there are more ways to book and pay for travel than ever before.

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9 Best Client Accounting Services Software for Modern Firms

Jetpack Workflow

When you’re already busy running a growing accounting firm, you probably don’t need another article covering the essential accounting tools every firm needs. However, using client accounting services (CAS) software may be helpful as you scale your advisory business. CAS software includes tools for collecting recurring payments, providing your team with a modern sales experience, and staying organized with service fulfillment.

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Tax Fraud Blotter: Notable criminal histories

Accounting Today

Charity for none; Dr. Backdate; frivolous correspondence; and other highlights of recent tax cases.

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What Is QuickBooks Hosting? How does QuickBooks on Cloud Benefits your Business?

Ace Cloud Hosting

QuickBooks Hosting is the process of installing the QuickBooks Desktop accounting software on the cloud server, making it accessible via a web browser. It leverages cloud-based technology to deliver enhanced.

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Juror who made race comments removed from $1.3B tax case

Accounting Today

A trial threatened to descend into chaos after 12 jurors clashed over race and class while weighing charges against a wealthy developer and two others accused of arranging $1.3 billion in phony tax deductions.

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4 Things Great Companies Do to Improve Cash Flow

Speaker: Don Gallianza, Credit Manager at Chevron Phillips Chemical and Indy Chakrabarti, Chief Marketing Officer at HighRadius

4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor

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10 Reasons to Boost Your Revenue and Efficiency with Accounting Outsourcing Services

CapActix

The business of CPAs is blossoming in the USA, the UK, and several other parts of the world due to increasing statutory requirements, the emphasis on data-driven business decision-making, better resource management, and other aspects. As the trends have been changing over the past few years, small to large-scale businesses have realized the worth of outsourced accounting to a reliable CPA firm or an offshore accounting company.

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Mendlowitz establishes scholarship at Baruch

Accounting Today

The accounting icon has found yet another way to give back in addition to his teaching, mentoring, writing and many other contributions to the profession.

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Roman Kepczyk | The Power of Cloud Solutions for Accounting Firms of All Sizes

Insightful Accountant

Gary DeHart and Roman Kepczyk, CPA, discuss the importance and advantages of hosted/remote/cloud based solutions for accounting firms of all sizes.

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How to recruit the next generation of CPAs

Accounting Today

Accounting firms need to be bolder with their recruiting, and these four strategies can help.

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The Financial Leaders Playbook: How To Deliver Insight, Oversight, And Foresight

Speaker: Chandra McCormack, CPA, MBA, NACD.DC

Imagine being a financial leader who not only ensures the books are balanced but also shapes the future of your organization. 🤔 ✨ This session will take you beyond the routine reporting and into the realm of strategic financial leadership. We’ll explore how today’s finance professionals can juggle the day-to-day operations while also delivering the long term vision that drives growth.

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Understanding the Difference: Purchase Order vs Invoice

Nanonets

To effectively manage procurement and financial processes, it is crucial to understand the distinction between a  purchase order  and an  invoice. While both documents contain similar information, they serve different purposes in the purchasing process. A  purchase order  is issued by the buyer to outline the products or services needed.

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Mendlowitz establishes family scholarship at Baruch

Accounting Today

As a lecturer, Ed believes in the power of handing down knowledge to future generations.

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Unearth the Benefits of Finance Automation Today!

Nanonets

Finance automation  is revolutionizing the way businesses manage their financial processes, streamlining operations, and maximizing productivity. By utilizing technologies like  artificial intelligence  and  machine learning ,  finance automation  eliminates manual tasks, allowing finance teams to focus on more critical functions such as financial planning and analysis.

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All Signs Pointing Up for Economy

Insightful Accountant

Deloitte's recent '2023 Q3 CFO Signals' survey shows that optimism for the economy is rising among large-company CFOs.

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Grow Big, Pay Smart: How To Unlock Efficiency In Payroll Management

Speaker: Joe Sharpe and James Carlson

Running a small business is no small feat. Payroll management, in particular, can be one of the most time-consuming and complex parts of that equation. Yet, businesses that crack the code on streamlining these processes often discover not just savings, but new avenues for growth. Our expert speakers will share actionable insights and real-world examples of how businesses have reduced overhead and improved payroll efficiency.

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Understanding the Difference: Accounts Payable vs Notes Payable

Nanonets

Managing debts and payments in business involves understanding the crucial differences between accounts payable and notes payable. Accounts payable refers to short-term debts owed to suppliers, partners, or contractors that must be paid within a specific timeframe, usually monthly. On the other hand, notes payable is a broader concept that allows for longer periods of financial planning and control.

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Management advisory services definition

Accounting Tools

What are Management Advisory Services? Management advisory services are consulting services performed by a specialist organization for its clients. These services are intended to provide advice regarding the operations and finances of clients. The services may address any of the following areas: Asset valuation Business strategy Computer systems Litigation support Mergers and acquisitions Organizational structure Process analysis Risk management A CPA firm may provide management advisory service

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Overcoming Accounting Problems: Your Friendly Guide

Nanonets

Accounting problems  can create significant challenges for businesses, affecting their  financial flow  in the  US. Resolving these problems is crucial to ensure a smooth and efficient operation. In this article, we will explore common  accounting problems  faced by businesses and provide  solutions  to overcome them.

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Bust-out definition

Accounting Tools

Related Courses Fraud Examination Fraud Schemes How to Audit for Fraud What is a Bust-Out? A bust-out scheme involves establishing credit , using the maximum amount of the credit, and then not paying the bill. For example, a common practice for the credit department of a business is to grant small amounts of credit to newer customers , and then gradually build up the amount of credit allowed when there is a history by customers of paying on time.

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7 Essential Criteria for Choosing the Right Payments Partner

Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms

In this webinar, Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms, will dive into the 7 must-have criteria for evaluating payments partners, helping you maximize both efficiency and the long-term value of your investment. From assessing technology capabilities to leveraging business development opportunities, this session will give you a clear, actionable strategy to select the right partner for scaling your business.

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Understanding the Difference: Quote vs Invoice Explained

Nanonets

Quotes and invoices play crucial roles in business transactions, but it's essential to understand how they differ in terms of purpose and function. A  quote  is an estimation of the cost of a product or service that is provided to a potential customer before a sale is made. It outlines the work to be done, materials needed, labor, and the estimated cost.

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Cost of capital definition

Accounting Tools

Related Courses Capital Budgeting Financial Analysis What is the Cost of Capital? The cost of capital is the blended cost of an entity's currently outstanding debt instruments and equity , weighted by the comparative proportions of each one. In reviewing new investments in production equipment, a manager wants the projected return to exceed the cost of capital; otherwise, the entity is generating a negative return on its investment.

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Understanding RFQ Meaning in Business: A Detailed Guide

Nanonets

Are you curious about what RFQ means in the context of business? In this comprehensive guide, we will explore the meaning of  RFQ in business  and delve into its significance in the procurement process. Key Takeaways: RFQ stands for "request for quotation" and is a document used in the B2B procurement process. It allows buyers to gather pricing information from vendors and compare the prices of various suppliers.

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Freemium pricing definition

Accounting Tools

Related Courses Revenue Management Revenue Recognition What is Freemium Pricing? Freemium pricing is the practice of offering a basic set of services for free, and enhanced features and/or content for a fee. This approach will result in a large proportion of customers using the company's offerings for free, and a smaller proportion paying for additional services.

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2024 Annual Trends Survey: Expense Management Insights

Uncover the latest trends in expense management for small and medium-sized businesses. Our 5th Annual Trends Survey reveals that corporate card use is skyrocketing, but expense software isn't keeping up. This mismatch is creating real challenges for finance teams, who now take an average of 14 days to close their books. Travel policies are shifting to accommodate hybrid work, but many companies are struggling with off-tool bookings.