Wed.Nov 08, 2023

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Vendor Spotlight: Puzzle

Accounting Today

In this Vendor Spotlight we catch up with Sasha Orloff, co-founder and CEO of AI-based accounting solution Puzzle, which launched this past July.

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Building Inclusion: supporting career transitions of veterans through mentorship

Intuit

Tell us a little bit about yourself, your connection to the military, and what brought you to Intuit. I am originally from California, but moved to Tucson when I met my spouse. My grandfather served in the U.S. Army Air Forces and my stepfather served in the U.S. Air Force. On my spouse’s side, I ended up surrounded by veterans, with my spouse’s father, brother, grandfather, and grandmother all having served.

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Cybersecurity for CPAs: Don't empower imposters

Accounting Today

By clicking on malicious links and then entering your login information, you risk letting cybercriminals pretend to be you and send out $250,000 worth of fake invoices.

Invoicing 329
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Xero’s H1 FY24 financial results: Evolving Xero to deliver on our global aspirations

Xero

Today we announced Xero’s half year financial and operating results to 30 September 2023 (H1 FY24). The results highlight our continued strong revenue growth, which contributed to Xero’s emerging profitability. The strong operating results saw operating revenue up 21% (20% in constant currency (CC)) to $799.5 million. This, along with disciplined cost management and restructuring outcomes, supported a 90% increase in EBITDA compared to H1 FY23, to $206.1 million.

XERO 200
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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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IPSASB unveils accounting standard for retirement benefit plans

Accounting Today

The International Public Sector Accounting Standards Board has issued an accounting standard for governments around the world to use for reporting on retirement plans.

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FundThrough Ranked Number 431 Fastest-Growing Company in North America on the 2023 Deloitte Technology Fast 500™

FundThrough

For Immediate Release PR Contact: Helen Shacklett, Sr. Manager Communications, FundThrough, hshacklett@fundthrough.com FundThrough Ranked Number 431 Fastest-Growing Company in North America on the 2023 Deloitte Technology Fast 500™ Attributes 280% Revenue Growth to integrated partnerships and increased solution awarness. Toronto, ON – November 8, 2023 – FundThrough today announced it ranked 431 on the Deloitte Technology […] The post FundThrough Ranked Number 431 Fastest-Growing Comp

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It's 'Suite Success' for Brazilian Manufacturer MogiGlass

Insightful Accountant

This week in our 'International coverage,' Insightful Accountant is featuring MogiGlass of São Paulo, Brazil, which is using NetSuite to make its processes more efficient and provide a platform for continued growth.

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IFAC taps its next CEO

Accounting Today

The IFRS Foundation's Lee White will succeed Kevin Dancey at the International Federation of Accountants in March.

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How Big Data Is Impacting Accounting Firms in 2023

Ace Cloud Hosting

In the world of numbers, a silent revolution is underway. Imagine your accounting processes not just keeping numbers but predicting the future. That’s the magic of Big Data in accounting!

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Trader loses last fight to kick out $1.8B U.K. tax fraud case

Accounting Today

The U.K. Supreme Court rejected lawyers' claims that London isn't the proper place for the Danish tax agency to bring its claim.

Tax 183
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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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6 Ways QuickBooks Online Helps Manage Your Payables

Reconciled Solutions

Keeping track of the money you owe can be challenging, but it's critical. Here's how QuickBooks Online can help you manage your payables. The post 6 Ways QuickBooks Online Helps Manage Your Payables appeared first on Reconciled Solutions.

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Eide Bailly merges in Secore & Niedzialek

Accounting Today

Eide Bailly, a Top 20 Firm based in Fargo, North Dakota, has added Secore & Niedzialek PC, a CPA and tax planning firm based in Phoenix.

CPA 131
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Disposal account definition

Accounting Tools

Related Courses Fixed Asset Accounting How to Audit Fixed Assets What is a Disposal Account? A disposal account is a gain or loss account that appears in the income statement , and in which is recorded the difference between the disposal proceeds and the net carrying amount of the fixed asset being disposed of. The account is usually labeled "Gain/Loss on Asset Disposal.

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Set your firm apart with advisory services

Accounting Today

How to offer advisory services the right way

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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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What is the 3-Way Matching Process in Accounts Payable?

AvidXchange

As an AP professional, the last thing you want to do is pay a fraudulent or inaccurate invoice. Today, an increasing number of businesses are using 3-way matching processing to mitigate this risk and reign in company spending. Learn More About 3-Way Matching Automation Table of Contents What is 3-Way Matching in Accounts Payable? AP 3-way matching is the process of taking an invoice for the purchase of goods or services and matching it with the corresponding purchase order (PO) and receiving in

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Bookkeeper Job Description

Bookkeepers.com

Here’s what you need to know about the bookkeeper job description before you start your bookkeeping career. RELATED: Starting a Bookkeeping Business In this article: Has Knowledge on Bookkeeping and Familiar with General Accounting Principles Analytical Able to Deal with Complex Processes Has Problem-Solving Skills Excellent Data Entry and Record-Keeping Skills Attentive to Details and … Bookkeeper Job Description Read More » The post Bookkeeper Job Description appeared first on Bookk

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How Much Do Benefits Cost Per Employee?

CSI Accounting & Payroll

As a small business owner, you may feel like you can’t afford to offer benefits to your employees. While this is a very real situation for many small employers, there’s a wide variety of benefits that you can offer - and some of them are free! Plus, keeping employee satisfaction high with benefits can actually save you money in the long run when you consider the costs of turnover.

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The Top 4 Non-Productive Activities for Firm Owners

Future Firm

Maximize efficiency by recognizing and minimizing non-productive tasks. Explore the top 4 tasks to enhance productivity. The post The Top 4 Non-Productive Activities for Firm Owners appeared first on Future Firm.

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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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Advanced AI Applications in Accounting 

Dext

In a world awash with financial data, manual accounting methods now seem almost archaic. Picture heaps of paperwork, long hours and an endless cycle of coffee refills. Although we’ve achieved the capability to collect data like never before, the question remains: How do we manage and make sense of it all?

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3 Digital Marketing Trends Transforming Accounting Firms

Blake Oliver

Did you know top accounting firms are now generating 6-figure leads from their websites? Digital channels are rapidly replacing traditional networking. Here are three marketing trends that should excite and inspire us all.

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Plooto Ranked on the Deloitte Technology Fast 500™ and Technology Fast 50™ Canada for Triple Digit Growth

Plooto

Plooto named a 2023 winner of the Deloitte Technology Fast 50™ Canada and Fast 500 North America awards with 433% growth rate.

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Bookkeeper Job Description

Bookkeepers.com

Here’s what you need to know about the bookkeeper job description before you start your bookkeeping career. RELATED: Starting a Bookkeeping Business In this article: Has Knowledge on Bookkeeping and Familiar with General Accounting Principles Analytical Able to Deal with Complex Processes Has Problem-Solving Skills Excellent Data Entry and Record-Keeping Skills Attentive to Details and … Bookkeeper Job Description Read More » The post Bookkeeper Job Description appeared first on Bookk

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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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Restructuring charge definition

Accounting Tools

What is a Restructuring Charge? A restructuring charge is a large one-time write-off taken by a business in contemplation of a reorganization. The charge is taken in advance in order to take a one-time "hit" for the full amount of all expected reorganization costs, after which there should be no additional charges. Examples of the costs that may be considered when compiling this charge are employee layoffs, the sale of assets, and shifting assets to new locations.

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Member Spotlight: Endless Opportunities to Grow

NACM

Credit professionals who have been in the industry for decades can fall into a routine of doing what they've always known. NACM's Professional Certification Program gives credit professionals an opportunity to refresh those skills and even learn new ways to complete day-to-day responsibilities.With six levels of certification, Julie Leopard, C.

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Rights and obligations definition

Accounting Tools

Related Courses Essentials of Business Law What are Rights and Obligations? Rights and obligations are an underlying assertion used in the construction of financial statements , stating that the organization has title to its stated assets and has an obligation to pay its stated liabilities. For example, management is asserting that an entity has title to the fixed assets that are summarized into a line item on the organization's balance sheet.

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Ivanka testifies she had no role in dad's net worth claims

Accounting Today

Her answers, and the documents displayed to her on the stand, show she was deeply aware of the importance of his net worth in securing the best terms on loans.

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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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Redistributed cost definition

Accounting Tools

Related Courses Cost Accounting Fundamentals What is a Redistributed Cost? A redistributed cost is a cost that has been allocated from one department to another. This situation arises when the costs of a service department (such as the IT department or the janitorial department) are charged out to other departments within a business that utilize their services.

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Can AI Become An Accounting Expert?

Cloud Accounting Podcast

Blake and David examine the downfall of FTX and founder Sam Bankman-Fried and look at some controversies around Deloitte auditors backdating audit paperwork in Canada, receiving only a minor fine. They also marvel at Donald Trump's attempt to blame accountants for alleged financial statement fraud in his organization. All this, and other news including NASBA's CEO's upcoming retirement, IRS budget cut updates, and generational differences around public accounting work environments.

CPA 64
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Asset coverage ratio

Accounting Tools

Related Courses Business Ratios Guidebook The Interpretation of Financial Statements What is the Asset Coverage Ratio? The asset coverage ratio measures how well an organization can pay its debts. It is used by outside analysts, such as lenders and investors , when conducting an examination of the finances of a business. In particular, a lender wants this ratio to exceed a minimum threshold level before it will agree to lend money to a borrower.

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Market-based pricing definition

Accounting Tools

Related Courses Revenue Management Revenue Recognition What is Market-Based Pricing? Market-based pricing is the act of setting prices that are closely aligned with the current market prices of similar products. If a business creates products that are differentiated from those of the competition, then there may be room to set prices somewhat higher than market rates, depending on how customers perceive the value of the incremental differences offered by the company.

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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.