Sun.Oct 15, 2023

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Financial Forecasting for Small Business Growth

Nolan Accounting Center

One of the most important tasks of a small business owner is planning for the growth and stability of the business. The best way to do this is with financial forecasting, which is the process of predicting your company’s performance. This is done by considering the historical data of your company as well as the current industry trends. If your business is located in Southeast Wisconsin, Nolan Accounting can help with your company’s financials.

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Ep. 238: Josh Fonger - Creating a Systems-Minded Organization

IMA's Count Me

Join host Adam Larson as he sits down with the brilliant entrepreneur and CEO of WTS Enterprises , Josh Fonger. In this episode, Josh delves into the captivating topic of the systems mindset for entrepreneurs and business owners. Uncover the secrets behind working on your business rather than in it and discover how this shift can drive exponential growth and success.

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QuickBooks Time PRO Program coming to an End

Insightful Accountant

November 15, 2023, is the formal end of the QuickBooks Time PRO Program, formerly the TSheets PRO program.

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92 Top Accounting Statistics & Facts for 2023-24

Ace Cloud Hosting

Over the years, businesses have evolved. From using manual methods in the early 70s to becoming more technical in the 21st century. Various Industries worldwide have increased efficiency and reduced.

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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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The Accounts Receivable Process Explained

AvidXchange

How Does Accounts Receivable Work? Accounts receivable (AR) refers to the outstanding invoices a company has or the money it is owed from its clients. AR represents a line of credit extended by a company, due within a relatively short timeframe, which could range from a few days to a year. Accounts receivable on a balance sheet are accounted for as a current asset representing amounts owed by customers for goods or services provided on credit, with their net realizable value reflecting the antic

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PayPal vs Stripe: Which is best?

Nanonets

Are you looking for a payment processor for your business? If so, you may be wondering which payment processor to select for your needs. PayPal and Stripe are one of the most popular payment processors.  To decide which payment processor is best for your business, you will need to consider your specific needs and requirements. If you need a processor that offers a wide range of features, PayPal may be a good option.

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Headlines: Microsoft's Puerto Rico Tax Odyssey

Cloud Accounting Podcast

After a decade-long audit, Microsoft is facing a whopping $29 billion tax bill from the IRS for what the agency claims was an "illusory scheme" to channel profits through Puerto Rico—but with years of appeals ahead, will the tech giant ultimately pay the total amount? Need CPE? Subscribe to the Earmark Accounting Podcast: [link] Get CPE for listening to podcasts with Earmark CPE: [link] Get in Touch Thanks for listening and the great reviews!

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Disbursement definition

Accounting Tools

Related Courses Payables Management What is a Disbursement? A disbursement is the payment of money to a third party. This payment can be made directly by the entity that has the obligation to pay, or the payment can be made on behalf of the principal by an agent , such as an attorney. Examples of Disbursements There are a multitude of possible disbursement transactions.

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Financial Security Matters: Protecting Your Business from Payment Fraud

Invoicera

“Data is the pollution problem of the Information Age, and protecting PRIVACY is the environmental challenge !” – Bruce Schneier The whole world is getting digital! However, with the growing use of technology, the need for implementing high-security measures for data protection is more than ever. In most cases, many fraudsters steal sensitive information even after strong security encryptions.

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Sham sale definition

Accounting Tools

Related Courses Bankruptcy Tax Guide Essentials of Corporate Bankruptcy Fraud Schemes What is a Sham Sale? A sham sale is a transaction in which a company sells assets to third parties controlled by the shareholders at prices well below the market values of the assets. Once these assets have been stripped away from the company, the entity enters bankruptcy , leaving little of value for creditors to recover.

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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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Financial Security Matters: Protecting Your Business from Payment Fraud

Invoicera

“Data is the pollution problem of the Information Age, and protecting PRIVACY is the environmental challenge !” – Bruce Schneier The whole world is getting digital! However, with the growing use of technology, the need for implementing high-security measures for data protection is more than ever. In most cases, many fraudsters steal sensitive information even after strong security encryptions.

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Blanket insurance definition

Accounting Tools

Related Courses Business Insurance Fundamentals What is Blanket Insurance? Blanket insurance is a property insurance policy that covers multiple items at one or more locations. This policy can provide several types of protection, thereby minimizing the risk that some types of losses will not be covered. An example of blanket insurance is homeowner’s insurance, which covers both the structure of a residential property and its contents.

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Financial Security Matters: Protecting Your Business from Payment Fraud

Invoicera

“Data is the pollution problem of the Information Age, and protecting PRIVACY is the environmental challenge !” – Bruce Schneier The whole world is getting digital! However, with the growing use of technology, the need for implementing high-security measures for data protection is more than ever. In most cases, many fraudsters steal sensitive information even after strong security encryptions.

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Blind entry definition

Accounting Tools

Related Courses Bookkeeper Education Bundle Bookkeeping Guidebook What is a Blind Entry? A blind entry is a journal entry that does not include a description. It only contains the accounts to be charged and the debit and credit amounts. These entries typically result from a lack of procedures regarding how to construct a journal entry, as well as no approval process for journal entries before they are posted to the general ledger.

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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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Bond certificate definition

Accounting Tools

Related Courses Accounting for Bonds Accounting for Investments Corporate Finance What is a Bond Certificate? A bond certificate is a legal document describing the indebtedness of a borrower and the terms under which that indebtedness will be paid back to the investor. The entity that issues a bond certificate is referred to as the issuer. This certificate is also intended to show the ownership by an investor of the debt owed by the issuer.

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Writ of execution definition

Accounting Tools

Related Courses Bankruptcy Tax Guide Essentials of Corporate Bankruptcy Essentials of Collection Law What is a Writ of Execution? A writ of execution is a court order to local law enforcement to seize the assets of a debtor. It is the result of a legal judgment against the debtor. A writ of execution is unnecessary when the debtor voluntarily pays the amount of a judgment against it.

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Wages payable definition

Accounting Tools

Related Courses Bookkeeping Guidebook The Balance Sheet Payroll Management What are Wages Payable? Wages payable refers to the liability incurred by an organization for wages earned by but not yet paid to employees. The balance in this account is typically eliminated early in the following reporting period , when wages are paid to employees. A new wages payable liability is created later in the following period, if there is a gap between the date when employees are paid and the end of the period

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Judgment creditor definition

Accounting Tools

Related Courses Bankruptcy Tax Guide Essentials of Corporate Bankruptcy Essentials of Collection Law What is a Judgment Creditor? A judgment creditor is a winning plaintiff that has gained the affirmation of a court that the defendant owes it money and must pay the designated amount. The judgment creditor can then ask for the assistance of the court in collecting the debt, including the issuance of a writ of execution.

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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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Bill of lading definition

Accounting Tools

Related Courses Accounting Controls Guidebook Accounting Procedures Guidebook What is a Bill of Lading? A bill of lading documents the type and quantity of goods being sent from a seller to a buyer. The document also details the method of shipment and how it will be routed, and can be used as a receipt for the cargo. A bill of lading can also be used as proof of ownership of the goods being moved.

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Bill of sale definition

Accounting Tools

Related Courses Accounting Controls Guidebook Accounting Procedures Guidebook What is a Bill of Sale? A bill of sale is a document that describes the sale of goods or property by a seller to a buyer. This is a legal document that clarifies the existence of an asset transfer in exchange for consideration paid by the buyer. A bill of sale can take the form of a receipt for a purchase at a store, or it can be a much more detailed document that describes a significant sale, such as the transfer of o

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Bond call price definition

Accounting Tools

Related Courses Accounting for Bonds Accounting for Investments Corporate Finance What is a Bond Call Price? A bond call price is the contractually-mandated price at which a bond holder must sell a bond back to the issuer. This call price is stated in the bond indenture , which may also state the date range within which a bond can be called. Outside of this date range, the issuer cannot buy back its bonds.

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Stock option definition

Accounting Tools

Related Topics Accounting for Stock-Based Compensation Human Resources Guidebook What is a Stock Option? A stock option is a contract that allows its holder to either buy or sell a certain number of shares at a specific price and within a designated time period. A call option allows the contract holder to buy shares, while a put option allows the holder to sell shares.

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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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Price skimming definition

Accounting Tools

Related Courses Revenue Management Revenue Recognition What is Price Skimming? Price skimming is the practice of selling a product at a high price, usually during the introduction of a new product when the demand for it is relatively inelastic. This approach is used to generate substantial profits during the first months of the release of a product.

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High-low pricing definition

Accounting Tools

Related Courses Essentials of Marketing Revenue Management Revenue Recognition What is High-Low Pricing? High-low pricing is the practice of setting the price of most products higher than the market rate, while offering a small number of products at below-market prices. By doing so, a retail or web store location hopes to attract customers with its low-price offerings, at which point they will also buy some of the high-price items.

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Dynamic pricing definition

Accounting Tools

Related Courses Revenue Management Revenue Recognition What is Dynamic Pricing? Dynamic pricing is a partially technology-based pricing system under which prices are altered to different customers , depending upon their willingness to pay. Several examples of dynamic pricing are: Airlines. The airline industry alters the price of its seats based on the type of seat, the number of seats remaining, and the amount of time before the flight departs.

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