Fri.Jun 20, 2025

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What is Days Sales Outstanding (DSO)?

oAppsNet

Days Sales Outstanding (DSO) is a crucial financial metric that evaluates how effectively a company collects cash from its credit sales. Simply put, DSO measures the average number of days it takes for a business to collect payment from its customers after a sale has been made. For CFOs and financial managers, understanding and optimizing DSO is essential to maintaining healthy cash flow, minimizing liquidity risks, and ensuring the company’s operational efficiency.

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Why Historical Cost Accounting Is Broken (And What Could Fix It)

Earmark Accounting Podcast

What if the foundation of financial accounting is fundamentally flawed? Tom Selling, author of The Accounting Onion blog, argues that historical cost accounting creates a "truth in labeling problem" that allows management to manipulate earnings while failing to capture economic reality. Through compelling examples from oil and gas, pharmaceuticals, and subscription businesses, he explains why value creation often occurs years before GAAP recognizes a single dollar of revenue.

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Tech news: Taxfyle rolls out AI tool for small tax pros

Accounting Today

Author Login Subscribe ACCOUNTING Accounting Accounting standards International accounting ESG CAS Accounting Accounting standards International accounting ESG CAS TAX Tax Tax preparation IRS Tax Planning Corporate taxes Tax fraud Tax Legislation International taxes Tax Tax preparation IRS Tax Planning Corporate taxes Tax fraud Tax Legislation International taxes AUDIT Audit Audit standards PCAOB SEC Audit Audit standards PCAOB SEC PRACTICE MANAGEMENT Practice management Recruiting Retention Acc

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5 Best Financial Reporting Software in 2025

Fit Small Business

I’ve researched different financial reporting software, and Oracle NetSuite is the most complete option I’ve found because of its real-time visibility, customizable analytics, and native integration with core business systems. I love how it is built to scale and handles complex requirements, like multi-entity consolidation and regulatory compliance, with ease.

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How to Streamline Payment Applications & Lien Waivers Through Innovative Construction Technology

Speaker: Dylan Secrest, Founder of Alamo Innovation and Construction Digital Transformation Consultant

Construction payment workflows are notoriously complex when you consider juggling multiple stakeholders, compliance requirements, and evolving project scopes. Delays in approvals or misaligned data between budgets, lien waivers, and pay applications can grind progress to a halt. The good news? It doesn't have to be this way! Join expert Dylan Secrest to discover how leading contractors are turning payment chaos into clarity using digital workflows, integrated systems, and automation strategies.

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Senate Parliamentarian rejects PCAOB provision in tax bill

Accounting Today

The provision would have eliminated the Public Company Accounting Oversight Board and transferred its responsibilities to the Securities and Exchange Commission.

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How Business Process Automation Reduces Operational Costs Without Sacrificing Control

NextProcess

Reducing costs is one of the biggest reasons for a company to implement Business Process Automation (BPA) software. Automation lowers labor costs, cuts down on costly errors, speeds up financial processing, and streamlines workflows. It’s an efficient method for managing financial processes that yields a good return on investment. People often wonder, though, about potential downsides to BPA software.

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Minimizing Taxes During Market Downturns: Smart Moves for Southern California Business Owners

Stephanie Peterson

By Stephanie Peterson, Advanced QuickBooks ProAdvisor | Superior Virtual Bookkeeping LLCWhen the economy dips and the markets slide, many small business owners start tightening their belts. But while most people focus on cutting expenses, few realize a downturn can actually be a prime opportunity to reduce your tax bill; legally and strategically.

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Mississippi, Texas storm victims get tax relief

Accounting Today

Author Login Subscribe ACCOUNTING Accounting Accounting standards International accounting ESG CAS Accounting Accounting standards International accounting ESG CAS TAX Tax Tax preparation IRS Tax Planning Corporate taxes Tax fraud Tax Legislation International taxes Tax Tax preparation IRS Tax Planning Corporate taxes Tax fraud Tax Legislation International taxes AUDIT Audit Audit standards PCAOB SEC Audit Audit standards PCAOB SEC PRACTICE MANAGEMENT Practice management Recruiting Retention Acc

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Real Estate Bookkeeping Checklist for 2025: Stay Audit-Ready

Outsourced Bookeeping

In the real estate world, clean books are not just about taxes. They are about trust. Investors, lenders, partners, and even buyers want clarity. As 2025 begins, real estate businesses (real estate bookkeeping) must stay ahead of financial reporting and compliance. That starts with setting up the right systems. If you want to avoid audits, missed deductions, or late filings, you need a solid bookkeeping checklist.

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Crete to spend $500M to buy firms and upgrade them with AI

Accounting Today

The money represents new capital, and this initiative will run parallel to Crete's ongoing acquisition efforts.

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You upgrade everything else. Why not your close process?

You wouldn’t keep using a 2009 flip phone - so why settle for outdated close processes? It’s time for an upgrade. SkyStem's Guide to Month-End Close Software walks you through what today’s best tools can do (and what your team shouldn’t have to deal with anymore). Get smart, fast, and a whole lot less stressed when it’s time to close the books.

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Retail Business Insurance: Costs, Coverage & Best Insurers for 2025

Fit Small Business

Getting proper retail business insurance coverage is a must for retail businesses as it helps with costs related to physical damage to your store, bodily injury to customers, and other forms of harm that may come to your employees or your company property. A business owner’s policy (BOP) is a common form of insurance obtained. The post Retail Business Insurance: Costs, Coverage & Best Insurers for 2025 appeared first on Fit Small Business.

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On the move: MACPA names next board chair

Accounting Today

CBIZ appoints next national leader of advisory services; Tennessee Society of CPAs distributes annual member awards; and more news from across the profession.

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Tax offences in the bedroom – a lesson in lust and legislation

Accounting Fun

A hunky accountant and a charmingly assertive tax inspector give in to their mutual attraction and check into a hotel. Before things go too far, the inspector insists they cover the topic of protection. She smiles and says, “This is the perfect opportunity to help you understand tax offences. in a more practical context.” “Neglect,” she explains, “would be you claiming you simply forgot to bring protection – an honest mistake, but one you’ll regret later.

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How generative AI is reshaping business valuation

Accounting Today

As machines become more capable, it's becoming widely accepted that many of these roles will at least be augmented by AI.

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Precision in Motion: Why Process Optimization Is the Future of Manufacturing

Speaker: Jason Chester, Director, Product Management

In today’s manufacturing landscape, staying competitive means moving beyond reactive quality checks and toward real-time, data-driven process control. But what does true manufacturing process optimization look like—and why is it more urgent now than ever? Join Jason Chester in this new, thought-provoking session on how modern manufacturers are rethinking quality operations from the ground up.

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Advisor Alliance: Erplain

Insightful Accountant

Advisor Alliance is one way we here at Insightful Accountant can assist you in improving your business related to the various apps and software offerings we write about.

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How Nuclear Energy Is Reshaping the Energy Mix and the Supply Chain

GEP - Accounts Payable

How Nuclear Energy Is Reshaping the Energy Mix and the Supply Chain priyanka.katke… Sat, 06/21/2025 - 02:49 The energy mix is shifting fast, and nuclear is back in the spotlight. As power demand soars and the need for cleaner, more reliable baseload grows, energy leaders are rethinking the role of nuclear. However, this comeback comes with a catch: complex supply chains, regulatory pressures and the need for more intelligent sourcing strategies.

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