Tue.Jul 25, 2023

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New 1099-K threshold set to sow confusion

Accounting Today

The reprieve at the beginning of 2023 was temporary — and nothing has been done to fix the long-term issue.

Tax 246
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5 Key Metrics for Financial Planning & Analysis

Accounting Department

In the dynamic and competitive business landscape, financial planning and analysis (FP&A) plays a crucial role in guiding organizations toward success. By utilizing key metrics, FP&A provides valuable insights into a company's financial health, identifies trends, and helps business owners make informed decisions that drive profitability and strategic growth.

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IRS good at addressing cyberthreats, but not documenting them

Accounting Today

The Treasury Inspector General for Tax Administration said the IRS does an admirable job addressing cyberthreats, but said the agency should improve its documentation of them.

Tax 246
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ACH Boom Continues Long After Quarantine

Fidesic blog

Last year we published a post about the impact of the 2020 pandemic on accounts payable, in particular, the rise in digital B2B payment methods. As with many of the new trends we saw during the pandemic, this one didn’t go away.

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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

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M&A roundup: Forvis and RSM South Africa expand

Accounting Today

Forvis added Thales Consulting; and RSM South Africa merged in Ngubane Johannesburg.

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55 Fascinating DevOps Statistics You NEED To Know In 2023

CloudZero

Today's development and operations teams are intertwined like the strands of a rope. The two heavily depend on each other to form a stronger, more solid unit. Unlike traditional teams that worked in silos, today's developers and operations’ workflows should work like a well-oiled machine.

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Simplifying Financial Management with Automatic Bank Statement Fetching

LedgerDocs

For the modern bookkeeper, time is money. The more tasks that can be automated, without compromising the accurate tracking and managing of clients’ financial data, the better. When managing the financial transactions of an individual or a business, keeping track of financial transactions is an essential step for budgeting, tax filing, and overall financial planning.

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PCAOB sees surge in audit deficiencies

Accounting Today

The board's inspectors are finding 'unacceptable' levels of problems at auditing firms, with year-over-year increases once again.

Auditing 245
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App Aware: OrderEase B2B2C Order Management

Insightful Accountant

For this 'Warehouse Wednesday,' Murph sets out to make you app aware of a newbie in the QuickBooks Online App Store—a multi-channel order management solution called OrderEase.

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GAO calls for federal blockchain legislation

Accounting Today

The Government Accountability Office called for Congress to pass blockchain regulation legislation to shore up the federal regulatory apparatus.

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

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Intuit Rolling-out Updates to Desktop 2023, 2022 and 2021

Insightful Accountant

"Wake-up and smell 'the new release'!" Intuit is pushing out maintenance release updates to all QuickBooks Desktop products for 2023, 2022 and 2021.

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ESG risks and opportunities for CPA firms

Accounting Today

Accountants are a natural fit to provide sustainability services.

CPA 189
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Journalizing definition

Accounting Tools

Related Courses Bookkeeper Education Bundle Bookkeeping Guidebook What is Journalizing? Journalizing is the process of recording a business transaction in the accounting records. This activity only applies to the double-entry bookkeeping system. The steps involved in journalizing are noted below. Journalizing can result in entries to the general ledger or to subsidiary ledgers.

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The Leadership Files: Jackie Cardello

Accounting Today

The managing partner of GRF CPAs & Advisors is paving the way for future accounting leaders to pursue non-traditional careers.

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Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.

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Accounting for sales taxes

Accounting Tools

Related Courses Sales and Use Tax Accounting Overview of Sales Taxes Customers must be charged a sales tax on some sales transactions if the seller has nexus in the territory of the government entity that charges the tax. Nexus is the concept that you are doing business in an area if you have a place of business there, use your own vehicles to transport goods to customers, or (in some cases) have employees situated or living there.

Tax 74
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In the blogs: The real world

Accounting Today

AI and the IRS; the 1099-DA; your best banking products; and other highlights from our favorite tax bloggers.

Tax 100
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AI Doesn’t Need To Be 100% Accurate In Accounting

Blake Oliver

AI doesn’t need to be 100% accurate to be incredibly useful in accounting. It's about achieving an acceptable level of accuracy. During a recent conference presentation on AI and accounting, I discussed both the promise and limitations of artificial intelligence. One audience member asked a thoughtful question - how do we ensure the accuracy of AI? One way to do this is to have one AI produce an output, and another AI validate the accuracy and assign a confidence score.

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IRS attacks Malta pension plans: What to do if you or a client were involved

Accounting Today

The crackdown on the potentially listed transactions could bring stiff penalties to both clients and tax advisors.

Tax 100
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8 Pillars of Leadership Development

Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.

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Factoring Companies in California

FundThrough

As entrepreneurs ourselves, we understand the challenges of maintaining a steady cash flow. We empathize with the stress of needing to cover daily expenses or pursue growth projects while valuable working capital remains tied up in accounts receivable. It’s a difficult situation that can hinder your business’s progress and hinder your ability to seize new […] The post Factoring Companies in California appeared first on FundThrough.

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Accelerating Payments for B2B Companies

Insightful Accountant

Lockstep's Matthew Shanahan examines the benefits of online payments—and why it matters to you.

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What is financial data analysis?

Nanonets

What is financial data analysis? Gartner defines financial analysis as the process that provides “insight into the financial performance of an organization.”   It falls under the umbrella of business intelligence (BI) and enterprise performance management (EPM), utilizing technologies and strategies to analyze data and generate reports.

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AI Doesn’t Need To Be 100% Accurate In Accounting

Blake Oliver

AI doesn’t need to be 100% accurate to be incredibly useful in accounting. It's about achieving an acceptable level of accuracy. During a recent conference presentation on AI and accounting, I discussed both the promise and limitations of artificial intelligence. One audience member asked a thoughtful question - how do we ensure the accuracy of AI? One way to do this is to have one AI produce an output, and another AI validate the accuracy and assign a confidence score.

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How to Modernize Manufacturing Without Losing Control

Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives

Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri

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What is Financial Reporting Automation?

Nanonets

Business today face the challenge of managing large volumes of financial data, producing accurate and timely reports so as to draw actionable insights from them. This is where financial reporting automation comes into play. By harnessing the power of technology and automation, businesses can streamline their financial reporting processes, improve efficiency, and make more informed decisions.

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The 4 Best Factoring Companies in Oklahoma

FundThrough

Choosing the right factoring company in Oklahoma can be challenging, especially when you’re looking for a solution that truly addresses your cash flow needs. We understand this challenge from our own entrepreneurial experiences and want to make your journey a little smoother. In this guide, we aim to simplify your search by breaking down the […] The post The 4 Best Factoring Companies in Oklahoma appeared first on FundThrough.

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Adequacy of coverage definition

Accounting Tools

Related Courses Business Insurance Fundamentals Enterprise Risk Management What is Adequacy of Coverage? Adequacy of coverage refers to whether insurance or hedging has been used to provide a sufficient level of loss protection for an asset. For example, a business owner takes out flood insurance to provide coverage for his business. Adequacy of coverage involves measuring the extent to which the insurance coverage covers the value of the business.

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Leon Black's $158M payments to Epstein spark Senate probe

Accounting Today

The Senate Finance Committee is questioning whether the sum amounted to gifts for which the private equity leader owes taxes.

Tax 242
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Protect What Matters: Rethinking Finance Ops In A Digital World

Speaker: Cheryl J. Muldrew-McMurtry

Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.

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Annualized rate definition

Accounting Tools

Related Courses Corporate Finance Financial Analysis What is the Annualized Rate? The annualized rate is the computed amount of return that would be realized if a short-term investment were to be extrapolated for a period of one year. For example, if an investment lasting four months has a 3% rate of return, then its annualized rate would be 9%. Using annualized rates to compare investments having different durations can cause incorrect investment decisions, since doing so assumes that short-ter

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Member Spotlight: Countdown to Next Year’s Congress

NACM

What better way to network and learn with colleagues than to attend NACM's annual Credit Congress and Expo? Last month, we held the 127th Credit Congress & Expo in Grapevine, TX with several new faces.As a first timer at Credit Congress, you may not know what to expect. "My first-time experience was both enriching and fulfilling," said Erika Ba.

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Balance sheet ratios

Accounting Tools

Related Courses Business Ratios Guidebook Key Performance Indicators The Interpretation of Financial Statements What are the Ratios for Analyzing a Balance Sheet? Balance sheet ratios compare the various line items on a balance sheet in order to infer the liquidity , efficiency , and financial structure of a business. The following list includes the most common ratios used to analyze the balance sheet.

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The purpose of the statement of cash flows

Accounting Tools

Related Courses The Interpretation of Financial Statements The Statement of Cash Flows What is the Purpose of the Statement of Cash Flows? The purpose of the statement of cash flows is to present cash inflows and outflows for a reporting period to the reader of the report. These inflows and outflows are further classified into operating, investing, and financing activities.

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How to Set Better OKRs and Drive Results

Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.