Thu.Apr 06, 2023

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Inclusive design: Indigenous ties inspire new Toronto workplace

Intuit

Diversity, equity and inclusion (DEI) leaders all have something in common: inclusion is part of their operational DNA and central to the behaviors they model across the organization. The responsibility to create a more equitable and inclusive world belongs to everyone. DEI is foundational to our company and explicit in our values. It’s a sustained effort, and exemplified through everything we do – not just when the calendar or trending topics remind us of this commitment.

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Celebrating accountants: an axe thrower, heavy metal DJ and hotel manager

Xero

Our recent research found that accountants are facing a number of serious challenges, so we want to put a spotlight on their brilliant work, and their lives beyond the industry. Here, we continue to celebrate accountants, speaking with Callum Tingle, axe thrower and director at Fresh Business Solutions , Zahra Kassamali, hotel manager and accountant at Jaffer & Co , and Neil Criddle, founder of NDC and heavy metal DJ.

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Reducing the Woes of Supply Chain Management with NetSuite

Accounting Department

Supply chain management deals with areas of procurement, operations, logistics, marketing channels, and more so that businesses can simply operate and deliver within their industry. For companies of all sizes, an enterprise resource planning (ERP) system like NetSuite will help with efficiently managing supply chain activities that turn raw materials into finished products for its customers.

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Introducing Advanced Cyclical Optimization: Automatically Increase Compute Savings on Cyclical Cloud Workloads

ProsperOps

A few weeks ago I published an educational blog on how to maximize Reserved Instance and Savings Plan savings when workload patterns are cyclical. Today, I’m excited to announce the ProsperOps platform has added Advanced Cyclical Optimization Support, which fully implements the concepts described in that blog post. Autonomous, Optimized Coverage for Cyclical Workloads Prior to today, ProsperOps had limited support for cyclical workload patterns, and our ability to cover “above the cycle trough”

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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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Swift Payment

Tipalti

Navigate SWIFT payments confidently with our step-by-step guide. Get ready to make fast, secure, and accurate cross-border payments using the SWIFT payment system.

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DevOpsDays Denver

ProsperOps

DevOpsDays Denver April 24-25, 2023 Mile High Station and Iron Works Join ProsperOps at DevOpsDays Denver on April 24-25! We're excited to connect with you in Colorado at DevOpsDays Denver! Stop by our table to meet our team, collect some swag and learn more about our automated cost optimization platform for AWS. RSVP to let us know you're attending!

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More Trending

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New Shopify POS for QuickBooks Desktop

Insightful Accountant

Shopify now is Intuit's Preferred Solution for a POS solution that integrates with QuickBooks Desktop. Learn more about the solution and the special bonus bundle available to migrating QB-POS customers.

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5 Ways You Can Optimize Your Restaurant Accounting in 2023

Outsourced Bookeeping

Restaurants operate in a highly-competitive and ever-changing market. Add this to staffing challenges, ever-shifting food trends, customer preferences and daunting regulatory environment – a restaurant could be the most dynamic among all the business. Even when all the above challenges are successfully overcome, a restaurant owner may still fin fit difficult to successfully run the business without right accounting and financial management.

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Pending Transactions in QB Desktop

Insightful Accountant

It is easy to forget things, especially if we don't use them very often. And if we forget them, then we probably forget to teach them to our clients as well.

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Tax Planning For Small Businesses

LedgerDocs

Tax planning can sometimes feel like an overwhelming task, especially for small business owners, who have their hands full as is. However, effective tax planning is critical. It can save you a significant amount of money, help you avoid tax penalties, and keep you compliant with the law. In this blog, we’ll discuss some essential tax planning tips for small business owners.

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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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Fyle Partners with Mastercard on Real-time Expense Reporting

Insightful Accountant

The US-based management software provider has launched a real-time credit card feed integration for business cards issued on the Mastercard network.

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Tipalti vs. BILL (Formerly Bill.com)

Tipalti

Both Tipalti and Bill.com offer software solutions that help companies automate their accounts payable processes. But each platform offers unique features and solutions for different financial needs.

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5 Key Tips to Better Manage Your Accounting Team’s Workload

Jetpack Workflow

Managing your accounting team’s workload as a CPA or accounting firm owner can be time-consuming, especially when you feel like you’re drowning in work. From juggling multiple clients to meeting shifting deadlines, tracking everything your team is working on (let alone ensuring everything is completed on schedule and to your client’s satisfaction) is a challenge.

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What Is Image Recognition?

Nanonets

In this article, we’ll cover why image recognition matters for your business and how Nanonets can help optimize your business wherever image recognition is required. What is image recognition? Image recognition, also known as image classification, is a computer vision technology that allows machines to identify and categorize objects within digital images or videos.

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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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The Role of Bookkeeping in Preparing for an Audit

Bookkeeping Express

For many business owners, the mere mention of an audit can evoke feelings of stress and anxiety. The announcement of an actual audit can be overwhelming, prompting a scramble to locate important documents, reconcile accounts, and otherwise “get things together.” But the fact is that just about any financial documentation an auditor wants to examine is also something that would directly benefit the business’s owners and managers themselves.

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Supply Chain Automation: The Complete Guide

Nanonets

In today's globalized economy, supply chains are becoming increasingly complex, with numerous stakeholders, processes, and data points involved. From raw material sourcing and production to shipping and delivery, managing the supply chain can be a daunting task for businesses. This is where supply chain automation comes into play, offering a range of benefits, from increased efficiency and productivity to reduced costs and errors.

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Making a Case for AP Automation

Tipalti

Making your case for accounts payable (AP) automation doesn’t need to be complicated. Follow our tips to create a compelling AP Automation business case.

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Creating a Bold Identity

Insightful Accountant

SmartVault launches a new brand identity and website reflecting its commitment to advancing cloud-based document management.

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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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Best Way to Pay Independent Contractors

Tipalti

Want to simplify the payment process for independent contractors? This guide details the easiest and quickest ways to make freelancer payments.

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Borrowing base definition

Accounting Tools

Related Courses Corporate Cash Management Corporate Finance Treasurer's Guidebook What is a Borrowing Base? The borrowing base is the total amount of collateral against which a lender will lend funds to a business. It presents a maximum cap on how much asset-based debt a business can obtain. This typically involves multiplying a discount factor by each type of asset used as collateral.

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How to Extract Data from Invoices Using Python: A Step-by-Step Guide

Nanonets

In today's fast-paced business environment, processing invoices and payments is a critical task for companies of all sizes. Invoices contain vital information such as customer and vendor details, order information, pricing, taxes, and payment terms. Manually managing invoice data extraction can be complex and time-consuming, especially for large volumes of invoices.

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Petty cash procedure

Accounting Tools

Related Courses Bookkeeping Guidebook Corporate Cash Management How to Audit Cash Optimal Accounting for Cash How to Fund Petty Cash When cash is added to a petty cash fund, the basic concept is to replace the amount of any cash that had previously been disbursed from the fund. This involves summarizing all disbursements made and issuing cash back to the fund for that amount.

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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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The Benefits of Best of Breed Accounts Payable

Ascend Software blog

Accounts payable is a crucial function in any business that involves the management of all outstanding invoices, payments, and expenses. Many companies opt for a single supplier solution (Best of Suite) by bundling accounts payable, content management systems, ERP, etc. - but this may not always be the best approach.

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Investment revenues definition

Accounting Tools

Related Courses Corporate Cash Management Corporate Finance Treasurer's Guidebook What are Investment Revenues? Investment revenues refers to the income earned from invested funds. This is usually the interest earned on debt securities or dividends earned on equity securities. Investment revenues are usually considered to be incidental revenues when compared to those generated by the operations of a business, and so are segregated in a separate account.

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ERP Integration: How ERP Systems & AP Automation Tools Work Together

MineralTree

ERP Integration: How ERP Systems & AP Automation Tools Work Together An Overview of ERP Systems Enterprise Resource Planning (ERP) refers to a software that allows companies to manage various parts of their organization. They are commonly used within the finance department, including accounts payable , accounts receivable, and purchasing. The tool’s capabilities also extend into other areas to help companies manage inventory and customers, and enhance communication between departments and te

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How to calculate real interest rates

Accounting Tools

Related Courses Corporate Finance Treasurer's Guidebook The real interest rate is the interest rate being used to lend cash between a lender and a borrower , with the current inflation rate subtracted out. The concept is useful for discerning the real cost of funds that a borrower is incurring, as well as the real rate of return for the lender. The calculation is: Nominal interest rate - Inflation rate = Real interest rate The concept of the real interest rate is why lenders prefer to lend funds

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Putting the ‘Tech’ in Spend Management Techniques

Speaker: Wayne Spivak, President and CFO of SBA * Consulting Ltd., Industry Writer, Public Speaker

If you’re lost in the world of spend management needs and your GAP analysis is lacking perspective on the future state of your business performance, listen up! With the advancement of technology, the implementation of spend management best practices and concrete GAP analyses is more streamlined and accessible than ever before. And while this may sound like great news for you and your clients, it won’t be worthwhile unless you have the latest techniques to back up your ambitions!

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The Power of a CPA Coach: A Guide for Accounting Firms

Future Firm

A business and CPA coach can be a great asset for accounting firms that want to not only grow their business but also improve their work-life balance. In this blog post, I’ll be exploring the power of a CPA coach as a tool for driving success. We’ll cover the benefits of hiring a coach, the qualities to look for in a coach, and how to choose the right coach for your firm.

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Impairment loss definition

Accounting Tools

Related Courses Fixed Asset Accounting GAAP Guidebook Goodwill Impairment Essentials What is an Impairment Loss? An impairment loss is a recognized reduction in the carrying amount of an asset that is triggered by a decline in its fair value. When the fair value of an asset declines below its carrying amount, the difference is written off. Carrying amount is the acquisition cost of an asset, less any subsequent depreciation and impairment charges.

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Indirect manufacturing costs definition

Accounting Tools

Related Courses Cost Accounting Fundamentals What are Indirect Manufacturing Costs? Indirect manufacturing costs are production costs that cannot be directly associated with a produced unit. Examples of these costs are supplies, depreciation , utilities, production supervisory wages, and machine maintenance. Under financial reporting, indirect manufacturing costs are aggregated into an overhead cost pool and allocated to the number of units produced in a reporting period ; doing so results in so

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Input tax definition

Accounting Tools

What is an Input Tax? An input tax is a levy paid by a business on acquired goods and services. An example of an input tax is the value added tax. When a business then taxes its customers , this is considered an output tax. The business pays the federal revenue authority the difference between the output tax and input tax if the amount is positive, or it can apply for a tax refund if the amount is negative.

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Book of Secrets for the Month-End Close

Developing a consistent month-end close doesn’t need to be a mystery. We’re sharing our top 10 secrets (plus one bonus!) for streamlining your close.