Thu.May 04, 2023

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Recognising ‘Orange Girl’ on a remarkable 17 years at Xero

Xero

Today, I want to take a moment to recognise a truly remarkable member of the Xero team, Catherine Walker, aka “^OG” or “Orange Girl.” Catherine was part of the founding Xero crew, and after nearly 17 years, is our longest-serving employee and has seen Xero grow from its humble beginnings on her dining table in her Wellington apartment, to the global company it is today.

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Glossary: Accounts Payable

Ascend Software blog

As a critical function of any business, Accounts Payable (AP) is responsible for managing the company's financial obligations to its vendors, suppliers, and creditors. Whether you are a seasoned accounting professional or a new entrant into the field, understanding the terminology associated with AP is essential. We have compiled a comprehensive glossary of Accounts Payable terms to help you navigate this critical area of business finance.

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Cut Down on Close Time with Help From Tipalti

Accounting Department

The financial close process involves reconciling all of the company's activity over a set period of time. This process can be completed on a monthly basis, quarterly basis, yearly basis, or any other predetermined period.

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Powering prosperity for the planet during Earth Week 2023

Intuit

There are many different motivators to start a business. Being your own boss, creating a product that changes lives, and making money would come to an entrepreneur’s mind. Among those, where does giving back to your community rank? Throughout our 40-year history, we’ve made giving back a priority. Known internally as We Care and Give Back (WCGB), our commitment to the communities we serve has always been deeply rooted in our culture and is visible in the various ways our employees give their tim

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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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Fyle, QuickBooks Want to Help You be More Productive

Insightful Accountant

The companies have teamed up to bring real-time expense management and simplified bookkeeping to small- and medium-size businesses.

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How to Respond to Vendor Inquiries with AP Automation & Payment

MineralTree

How to Respond to Vendor Inquiries with AP Automation & Payment Services Not having enough time is the bane of every AP team. Too many are still burdened by the labor- and time-intensive tasks of manual invoice and payment processing, and are paying a heavy price for it. This creates a never-ending cycle of inputting and coding data, tracking down people for approvals and authorizations, and preparing checks – not to mention stuffing, sealing, and mailing payments.

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Examples of intangible assets

Accounting Tools

Related Courses Accounting for Intangible Assets Fixed Asset Accounting How to Audit Fixed Assets An intangible asset is a non-physical asset having a useful life greater than one year. These assets are generally recognized as part of an acquisition , where the acquirer is allowed to assign some portion of the purchase price to acquired intangible assets.

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Provisional Tax – What is that all about?

Ontrack Bookkeeping

Provisional tax is an important aspect of managing a business’s finances and tax obligations. It allows businesses to make progress payments on their upcoming income tax, based on their expected profits for the following year. This can help businesses manage their cash flow and avoid the pressure of paying a lump sum at the end of the year. For new businesses, the first-year provisional tax payment can be challenging.

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Need Accounting for Your Childcare Center? Here's What to Look For.

CSI Accounting & Payroll

Corralling the little ones every day at your childcare center can be exhausting. At the end of a busy day, are you left with more accounting work than you can handle? Having an accountant on your side is priceless. Not only do you minimize your taxes and gain financial peace of mind through expert advice, but you also gain more time to enjoy your life outside of work.

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How to remove irrelevant pages from invoices?

Nanonets

Processing invoices accurately and efficiently is crucial to any organization's financial health. But invoices aren’t always perfect; due to issues in invoices, it causes delays in invoice processing and releasing payments. One such issue is the presence of irrelevant pages within invoice documents. Approximately 10-20% of invoices may contain irrelevant pages, such as blank pages at the end, or other unrelated documentation like company information.

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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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Why SMBs Want to Consolidate Their Cash Flow Management Tools

Insightful Accountant

A new American Express survey finds that 50% of small businesses believe cash flow management tool consolidation positively impacts profitability. AMEX Business Blueprint and Banking's Brett Sussman explains.

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Podcast – Episode #6 – Saving on AWS through Commitment Strategies

The FinOps Alliance

With an omnipresent need to manage and control cloud spending, leveraging commitment strategies to get the right price for your workloads is key. In this upcoming livestream, Benjamin van der Maas, Michel Zitman and Mudit Gupta discuss their experience in the field with this ? Watch the video to: ✅ Learn from our experience in the field with commitment strategies; ✅ Learn from past mistakes we have made so you don’t have to; ✅ Get started with commitment strategies we commonly see; ✅ Get t

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Future Forward 2023: QuickBooks Online Integrations – How to Get it Right the First Time

Insightful Accountant

Learn everything you need to know—and more—about QuickBooks Online Integrations. Join QBExpress' Kim Fedore and MoneyPenny's Penny Breslin for this 'can't miss' Future Forward webinar. Sign up today.

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Making The Right Commitments to AWS: Reserved Instances vs. Savings Plans

The FinOps Alliance

When it comes to AWS, there are different types of commitments that can help you make the most out of your cloud budgets. Two of the most popular ones are Reserved Instances and Savings Plans. A Reserved Instance is like a coupon that you purchase and consume at a lower price, while a savings plan requires you to commit to a certain hourly spend for a year or three years.

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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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Future Forward 2023: Technology and Integrating Tax Consulting Services

Insightful Accountant

Tax Practice News' Christine Gervais will show you the finer points of adding—and succeeding with—tax planning, strategy and consulting services. Sign up for the Day 1 'Future Forward Virtual Event' webinar today.

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Jetpack Workflow: The In-Depth Review

Future Firm

Are you considering Jetpack Workflow to help your firm minimize administrative workload and standardize processes? If you’re still sitting on the fence about whether this accounting software is the right fit for your firm, this review might just be the deciding factor you’ve been looking for. Check it out! Table of Contents What is Jetpack Workflow?

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Why This Firm Owner Doesn’t Hire Full Time Employees

Jetpack Workflow

Podcast Summary About James Scott What do they do? The First Home Office The Economics Resources JD Scott & Co. LinkedIn – [link] James Scott LinkedIn – [link] James’s Email Address – james@jdscott.co About James Scott James has experience in all things accounting. He has 20 professional years of experience working within firms including serving as a director of Ernst & Young in Sydney, Australia.

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BigQuery vs Snowflake: In-Depth Comparison For 2023

finout

Table of Contents

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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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10 songs from the 1980s to inspire accountants

Accounting Fun

"Take the Money and Run" by Steve Miller Band - Perfect for those clients who may be tempted to take their profits and run, but you're determined to keep them on track with sound financial advice. "Material Girl" by Madonna - A fun twist on being a "Depreciation Diva" who knows the value of tangible assets and depreciation schedules. "Don't Stop Believin'" by Journey - Encouraging clients to keep the faith in their financial goals and trust in your accounting expertise.

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Explicit cost definition

Accounting Tools

Related Courses Cost Accounting Fundamentals What is Explicit Cost? Explicit costs are those costs recorded in the accounting records of a business. As such, they have a distinct paper trail that is easy to identify and record. The profitability of a business is determined after all explicit costs have been subtracted from revenues. Explicit costs are included in the formulation of a firm’s annual budget , on the assumption that they will be incurred again in the future.

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TSheets Founder Matt Rissell Dead at Age 46

Insightful Accountant

On a sad note, Matt Rissell, the founder of TSheets has reportedly died from a self-inflicted gunshot wound at his home in Eagle, Idaho.

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Creative accounting definition

Accounting Tools

Related Courses Fraud Examination Fraud Schemes How to Audit for Fraud What is Creative Accounting? Creative accounting involves the use of unorthodox techniques to adjust the reported profit level or financial position of a business. Managers may engage in creative accounting to increase their bonuses, convince a lender to give the firm a loan , or increase its valuation in the event of a sale.

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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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Ethical absolutism definition

Accounting Tools

Related Courses Behavioral Ethics Ethical Frameworks in Accounting Unethical Behavior What is Ethical Absolutism? Ethical absolutism is the concept that ethical rules are the same everywhere. As an example of ethical absolutism, consider that the United Nations unanimously passed the Universal Declaration of Human Rights, from which some of those rights are: Everyone has the right to life, liberty, and security of person.

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Cost plus contract definition

Accounting Tools

Related Courses Contract Management Revenue Management Revenue Recognition What is a Cost Plus Contract? A cost plus contract is an arrangement under which a contractor is reimbursed for all costs incurred on a project, plus a profit that is typically calculated as a percentage of the costs incurred. This arrangement is most commonly used for one-time projects or research projects where it is difficult to determine what the total cost will be.

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Conglomerate merger definition

Accounting Tools

Related Courses Business Combinations and Consolidations CPA Firm Mergers and Acquisitions Divestitures and Spin-Offs Mergers and Acquisitions What is a Conglomerate Merger? A conglomerate merger is the combination of two or more entities that operate in completely different markets. Alternatively, they may operate in completely different geographic regions.

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Controlled company definition

Accounting Tools

Related Courses C Corporation Tax Guide Types of Business Entities What is a Controlled Company? A controlled company is a business in which another entity owns a majority of the voting stock. More specifically, the owner must have at least 50% of the voting power for the election of directors. When a business is classified as a controlled company, it does not have to follow the public company rule requiring it to have a majority of independent directors, or to have independent nomination and co

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Protect What Matters: Rethinking Finance Ops In A Digital World

Speaker: Cheryl J. Muldrew-McMurtry

Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.

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Sell or process further decision

Accounting Tools

Related Courses Activity-Based Management Cost Accounting Fundamentals What is the Sell or Process Further Decision? The sell or process further decision is the choice of selling a product now or processing it further to earn additional revenue. This choice is based on an incremental analysis of whether the additional revenues to be gained will exceed the additional costs to be incurred as part of the additional processing work.

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Senior accountant job description

Accounting Tools

Related Courses Accountants' Guidebook New Controller Guidebook What is a Senior Accountant? A senior accountant is an experienced and well-trained person who works on financial accounting and management accounting tasks. This person typically has a four-year accounting degree, and may possess a CPA or CMA certification. The senior accountant position can be targeted at a specific functional area.

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Stock keeping unit definition

Accounting Tools

Related Courses Inventory Management Operations Management What is a Stock Keeping Unit? A stock keeping unit (SKU) is a specific type of product, with attributes that distinguish it from other SKUs. These attributes may include different sizing, materials, color, and packaging. SKUs are typically used in warehouses, retail stores, and product fulfillment centers.

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Activity driver definition

Accounting Tools

Related Courses Activity-Based Costing Activity-Based Management What is an Activity Driver? An activity driver is something that influences the cost of an operation. There may be several activity drivers that contribute to the incurrence of an expense. Activity drivers are used to allocate the costs in secondary cost pools to primary cost pools , as well as to allocate the costs in primary cost pools to cost objects.

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How to Set Better OKRs and Drive Results

Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.