Fri.Jun 09, 2023

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Forwardly Instant Payments Debuts to Improve Cash Flow for SMBs

Insightful Accountant

See how the First Real-Time Payments only solution empowers US businesses to get paid up to three days faster, while saving money on processing fees and streamlining workflows with automatic payment reconciliation.

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How to record the disposal of assets

Accounting Tools

Related Courses Fixed Asset Accounting How to Audit Fixed Assets The disposal of assets involves eliminating assets from the accounting records. This is needed to completely remove all traces of an asset from the balance sheet (known as derecognition ). An asset disposal may require the recording of a gain or loss on the transaction in the reporting period when the disposal occurs.

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The Dos & Don'ts of Commercial Debt Collection: What You Need to Know

Enterprise Recovery: Accounts Receivable

If you've ever struggled with chronic late-paying clients or are silently seething over invoices that were never paid, you're probably considering commercial debt collection. Of course, you're wondering how much it'll cost and if you have time to research it. You may wonder how to escalate an unpaid debt to a collections agency and if they'll damage your client relationships.

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Tax shield definition

Accounting Tools

Related Courses Charitable Contributions Tax Guide Small Business Tax Guide What is a Tax Shield? A tax shield is the deliberate use of taxable expenses to offset taxable income. The intent of a tax shield is to defer or eliminate a tax liability. This can lower the effective tax rate of a business or individual, which is especially important when their reported income is quite high.

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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

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Less Accounting

Статьи Ставки в реальном времени Бет365 Игровые автоматы Конгломерат Игрок высокого уровня на реальные деньги, у вас есть множество вариантов. Игорное заведение Crimson Puppy является одним из лучших онлайн-казино, которое предлагает отличные игры, дополнительные бонусы и возможность делать ставки на мобильные устройства. Настоящее казино предлагает жизнь фермера, а также щедрые приятные бонусы и регулярную праздничную рекламу.

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Investment center definition

Accounting Tools

Related Courses New Manager Guidebook What is an Investment Center? An investment center is a business unit within an entity that has responsibility for its own revenue , expenses , and assets , and whose financial results are based on all three factors. It is considered to be any aspect of a business that can be segregated for reporting purposes as a separate operating entity, usually in the form of a division or subsidiary.

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Building the Next Superapp with David Barrett, CEO of Expensify

Cloud Accounting Podcast

David is a lifelong programmer who founded Expensify in 2008 and built it into the most popular "pre-accounting" platform on the planet. Hear David's vision for the New Expensify, in which every payment is a conversation. Meet Our Guest: David Barrett, CEO of Expensify [link] Learn more about Expensify [link] 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 for the great reviews!

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7 Best Ways To Reduce Cloud Costs With Cost Management Tools

Economize

Discover effective strategies to curb your escalating cloud costs with our insightful guide, "7 Best Ways To Reduce Cloud Costs With Cost Management Tools".

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15 fun nicknames for Accountant co-workers

Accounting Fun

KitKat - Always taking a break Butter knife - Not the sharpest tool in the box Arthur - Only does 'half a' job Motion light - Only works when someone walks past E.T.

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Mastering Blog Content Marketing: A Comprehensive Guide

Economize

Discover the power of blog content marketing in our comprehensive guide. Dive deep into its vital role in the inbound marketing strategy, its benefits for B2B companies, and practical steps to craft an effective content strategy. This guide also sheds light on SEO techniques to optimize your blog content, the importance of tracking and analytics, and much more.

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

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Responsibility definition

Accounting Tools

What is Responsibility? Responsibility is the obligation to perform a task. Authority and responsibility should be paired, so that authority gives someone the force to achieve a task. When a person has authority but is not held responsible for his actions, there is a strong risk that the person will act in a tyrannical manner. When a person has responsibility but no authority, the person must rely on persuasion to get work done, which may yield minimal results.

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Consignment definition

Accounting Tools

What is a Consignment? A consignment occurs when the owner of goods leaves them with another party to be sold. When the goods are eventually sold, the consignee retains a commission and pays the consignor the residual amount. If the goods are not sold, then the consignee eventually returns them to the consignor. If the unsold goods are perishable, the consignor might instruct the consignee to throw them away, rather than returning them.

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Cost accounting definition

Accounting Tools

Related Courses Activity-Based Costing Cost Accounting Fundamentals What is Cost Accounting? Cost accounting involves the recordation, analysis, and reporting of costs to management. The intent behind this type of accounting is to provide insights into the cost structure of a business that can be used to better manage it, thereby improving profitability.

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Customs duty definition

Accounting Tools

What is a Customs Duty? A customs duty is a levy imposed on imported or exported goods. This is a form of tax, and is typically calculated based on the value of the goods being imported or exported, or some other measure, such as its weight or cubic volume. A customs duty is usually imposed in order to provide revenue for a government, though it may also be imposed in order to protect a domestic industry from lower-priced goods coming into the country.

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Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.

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Supporting schedule definition

Accounting Tools

Related Courses Guide to Audit Working Papers How to Conduct an Audit Engagement The Interpretation of Financial Statements What is a Supporting Schedule? A supporting schedule is a detailed itemization of the contents of an account. It is frequently used by auditors as part of their examination of the accounting records of a client, during their audit of the firm’s financial statements.

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Deferred income definition

Accounting Tools

Related Courses Accountants' Guidebook Bookkeeping Guidebook Revenue Recognition What is Deferred Income? Deferred income is an advance payment from a customer for goods or services that have not yet been delivered. The concept is commonly applied to the receipt of money related to service contracts or insurance, where the related benefits may not be completed until a number of accounting periods have passed.

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Divestment definition

Accounting Tools

Related Courses Divestitures and Spin-Offs What is Divestment? Divestment is the process of eliminating assets from an organization. The general reason for doing so is to increase the value of a business by reorienting its capital into better investment opportunities. Reasons for Divestment There are many reasons for engaging in an asset divestment.

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Lead schedule definition

Accounting Tools

Related Courses Guide to Audit Working Papers How to Conduct an Audit Engagement What is a Lead Schedule? A lead schedule is a working paper that lists the detailed general ledger accounts comprising a line item in the financial statements. The total on a lead schedule should match the total for the corresponding line item in a client’s financial statements.

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8 Pillars of Leadership Development

Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.

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Target costing definition

Accounting Tools

Related Courses Activity-Based Costing Cost Accounting Fundamentals What is Target Costing? Target costing is a system under which a company plans in advance for the price points , product costs , and margins that it wants to achieve for a new product. If it cannot manufacture a product at these planned levels, then it cancels the design project entirely.

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Net fixed assets definition

Accounting Tools

Related Courses Fixed Asset Accounting How to Audit Fixed Assets The Interpretation of Financial Statements What is Net Fixed Assets? Net fixed assets is the aggregation of all assets , contra assets , and liabilities related to a company's fixed assets. The concept is used to determine the residual fixed asset or liability amount for a business. The calculation of net fixed assets is: + Fixed asset purchase price (asset) + Subsequent additions to existing assets (asset) - Accumulated depreciati

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Job costing definition

Accounting Tools

Related Courses Accounting for Inventory Cost Accounting Fundamentals What is Job Costing? Job costing involves the accumulation of the costs of materials, labor, and overhead for a specific job. This approach is an excellent tool for tracing specific costs to individual jobs and examining them to see if the costs can be reduced in later jobs. An alternative use is to see if any excess costs incurred can be billed to a customer.

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Diluted earnings per share formula

Accounting Tools

Related Courses Accounting for Earnings per Share What is the Diluted Earnings per Share Formula? Diluted earnings per share is the profit per share of common stock outstanding, assuming that all convertible securities were converted to common stock. The reason for stating diluted earnings per share is so that investors can determine how the earnings per share attributable to them could be reduced if a variety of convertible instruments were to be converted to stock.

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How to Modernize Manufacturing Without Losing Control

Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives

Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri

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Overhead allocation definition

Accounting Tools

Related Courses Accounting for Inventory Activity-Based Costing Cost Accounting Fundamentals What is Overhead Allocation? Overhead allocation is the apportionment of indirect costs to produced goods. It is required under the rules of various accounting frameworks. In many businesses, the amount of overhead to be allocated is substantially greater than the direct cost of goods, so the overhead allocation method can be of some importance.