Mon.Feb 26, 2024

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The 20 worst states for doing business

Accounting Today

The lowest-ranked states have property and unemployment insurance taxes like every state, but significantly they also have complex, non-neutral taxes with comparatively high rates.

Tax 333
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Lifelong Learning: More Than a Credits Requirement

Insightful Accountant

Continuing education is essential for tax practitioners, not just for credits but for career success and organizational growth.

Tax 95
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FTC hits H&R Block over 'free' online filing claims

Accounting Today

The Federal Trade Commission filed a complaint against tax prep giant H&R Block accusing the company of deceptively marketing "free" online tax filing when its products often were not free and deleting consumers' data when they tried to downgrade to less expensive products.

Tax 327
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The difference between the general ledger and trial balance

Accounting Tools

What is a General Ledger? A general ledger is the master set of accounts that summarize all transactions occurring within an entity. The general ledger is comprised of all the individual accounts needed to record the assets , liabilities , equity , revenue , expense , gain , and loss transactions of a business. What is a Trial Balance? The trial balance is a report run at the end of an accounting period, listing the ending balance in each general ledger account.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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IRS donor-advised fund proposal could have 'chilling effect'

Accounting Today

Planners who recommend the increasingly popular charitable vehicles could face penalties for what's currently a pretty common practice in the industry, experts say.

Tax 294
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How CFOs Can Get The Most Out of Accounts Payable (Procure to Pay) Outsourcing in the Future

Outsourced Bookeeping

In an era defined by rapid technological advancements and evolving business landscapes, Chief Financial Officers (CFOs) are continually seeking innovative ways to enhance operational efficiency and drive strategic growth. One area where CFOs can significantly impact their organization’s bottom line is through strategic accounts payable (procure to pay) outsourcing.

More Trending

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AWS Compute Optimizer Pricing & Supported Resources List

Economize

What is AWS Compute Optimizer? AWS Compute Optimizer is a cutting-edge service designed to refine and enhance your AWS resource usage. It scrutinizes your AWS resources, evaluating their configurations against utilization metrics to determine optimal performance.

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NRA loses landmark trial over millions in wasted donor funds

Accounting Today

One high point of the trial was the testimony of Oliver North, who said that in 2019 he pushed for an outside audit of the NRA's finances but longtime leader Wayne LaPierre refused.

Auditing 208
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How to Find Missing Financial Documents or Information

CSI Accounting & Payroll

Many of us know the feeling; you get a paper financial document early on in your business’s journey, but by the time you need it, it’s nowhere to be found. Maybe you didn’t know you needed it. Maybe you lost it while reorganizing your office. Maybe you never even opened it and it ended up in the trash. We’ve seen it all before. What do you do then? It mostly depends on the issuer of each item.

Payroll 52
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Making mentoring work

Accounting Today

AICPA chair Okorie Ramsey dives into how accounting firms can make the most of this important recruiting and career development tool, and the benefits it offers for both mentee and mentor.

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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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Matthew Kanas on The Year of Change Management ft. Ignition & AI

Insightful Accountant

Survey by Ignition reveals top challenges in accounting firms: staffing shortages, manual processes, and workload abundance. Gary and Matt discuss strategies and AI solutions for effective change management.

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Art of Accounting: Moving staff up to replace a higher-level person

Accounting Today

You need a method to retain your staff, even for a little longer, so your firm doesn't get stuck when someone leaves.

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Voting for 2024 Domestic ProAdvisor Awards Begins March 5

Insightful Accountant

Insightful Accountant is expecting to launch the 2024 voting for Domestic (US and US Territory) ProAdvisors by Tuesday March 5, 2024.

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More money available for Low-Income Taxpayer Clinics

Accounting Today

The IRS is particularly interested in applications covering Hawaii, Kansas, Nevada, North Dakota, South Dakota, West Virginia and Puerto Rico.

Tax 183
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Your New & Improved Month-End Close Process Is Not So Far Out of Reach!

All accounting teams know what it is like to dread the inevitable month-end scaries. If there was a way to feel less burdened and maybe even a little enthusiastic to work on your month-end close and reconciliation process, would you do it? No, don't answer that, of course you would! Automate your month-end close process by up to 40% with SkyStem's ART and see how much more alive you feel!

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Mineral interest definition

Accounting Tools

What is a Mineral Interest? A mineral interest is an economic interest in subsurface minerals. This interest gives the owner the right to mine the minerals situated beneath the surface of a property. In a mineral interest arrangement, each party individually holds an interest in an oil and gas asset and is also liable for any obligations that may arise.

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Mauldin & Jenkins merges in CFO Navigator

Accounting Today

The Regional Leader has added a firm that offers financial guidance to businesses and nonprofit organizations in the Atlanta area.

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Unit of revenue method

Accounting Tools

What is the Unit of Revenue Method? The unit of revenue method is a technique used in the oil and gas industry for charging capitalized costs to expense, using the ratio of current gross revenue to future gross revenues. The current gross revenue figure is derived by multiplying actual production during the period by the actual selling price, excluding royalty payments.

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Sage AP Automation

Tipalti

Discover the pinnacle of efficiency for Sage ERP with our top-rated AP automation solutions. Streamline workflows, optimize processes, and unlock unparalleled business productivity.

AP 40
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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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Hubdoc and Dext: Powerful Xero pairings for burgeoning businesses

Xero

Financial data lies at the heart of any small business operation. Managing it can be a juggle, but there are an array of tools you can use to stay on top of this crucial information and better manage your cash flow and compliance. Depending on what stage of the business growth journey you’re on, some Xero-connected solutions are more appropriate than others.

XERO 210
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The Top 5 Accounting OCR Software in 2024

Nanonets

OCR software has proven to be a game-changer for finance professionals. It allows them to automate the extraction and interpretation of text from images, invoices, receipts, and other documents. This enhances efficiency and reduces the margin for error, allowing finance professionals to focus on strategic decision-making rather than mundane data entry tasks.

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Capital budgeting techniques

Accounting Tools

What is Capital Budgeting? Capital budgeting is a set of techniques used to decide when to invest in projects. For example, one would use capital budgeting techniques to analyze a proposed investment in a new warehouse, production line, or computer system. There are a number of capital budgeting techniques available, which include the following alternatives.

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7 Steps to Automate your Accounts Payable

Nanonets

Finance teams are well aware of the tedious and error-prone nature of manual accounts payable processes. Sorting through stacks of paper invoices, reaching out to approvers individually, and mailing checks are extremely tedious and error-prone. This could also lead to late payments or in some cases potential  vendor fraud. Today, you can automate these processes using accounts payable automation solutions and optimise accounts payable for your finance teams.

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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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Trump pledges to slash taxes if he returns to the White House

Accounting Today

Trump said that he would make sure that "tariffs on foreign countries go up" and that "taxes on American workers and families will come down very substantially.

Tax 279