Wed.Sep 27, 2023

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40 years of powering prosperity: Highlights from Intuit’s 2023 Corporate Responsibility and Diversity, Equity, and Inclusion Report

Intuit

At Intuit, we believe everyone should have the opportunity to prosper, and for 40 years we’ve been working to make that a reality. Today, I’m proud to announce the release of our 2023 Corporate Responsibility and Diversity, Equity, and Inclusion report. Corporate responsibility (CR) and diversity, equity, and inclusion (DEI) are core to who we are and intrinsic parts of our business strategy.

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AICPA backs STEM accounting bill in Congress

Accounting Today

The American Institute of CPAs expressed strong support for bipartisan legislation that would establish the accounting profession as a STEM career pathway.

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Employee management tools to help your cash flow

Xero

With economic conditions putting pressure on Australian small businesses, owners are looking at different ways to maintain a healthy cash flow. Our ‘Money matters’ report showed that 61% of Australian small business owners increased their prices in the last 12 months to stay ahead of rising costs and make a profit. 27% also had to dip into their personal savings to manage their cash flow.

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IRS and Treasury offer guidance on energy efficient home tax credit

Accounting Today

The Internal Revenue Service and the Treasury Department released information on two energy-related tax breaks under the Inflation Reduction Act.

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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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Xero Beautiful Business Fund: Apply now to upskill your team for the future

Xero

Running a small business often means you and/or your team need to wear a few different hats to get things done. You might be an expert plumber or talented hairdresser, but that doesn’t mean you have all the skills you need to run a small business. Filling that skills gap by investing in training is a great step that small businesses can take to set themselves up for success by building and retaining a great team.

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SEC appoints George Botic to succeed Duane DesParte at PCAOB

Accounting Today

The Securities and Exchange Commission appointed a CPA who has served as director of the Public Company Accounting Oversight Board's Division of Registration and Inspections.

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Andersen rolls out global valuation practice

Accounting Today

The international network founded by a group of former partners from Arthur Andersen has unveiled a global valuation practice.

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Compleat Software as a Service (SaaS) Service Terms

Compleatable

The Software as a Service (SaaS) Service shall include the following support service: An advisory and explanatory service with respect to the Software involving the provision of a Support Portal, plus telephone and email consultation service (help-line) as required, to be provide between the hours of 09.00 and 17.00 UK time each day excluding English public holidays and weekends.

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The top cities to be an accountant

Accounting Today

Forbes Advisor has ranked the 99 best places for an accounting career.

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How to Fully Staff Your Firm by January

accountingfly

Are you having trouble finding talent for your accounting and tax teams? You’re not alone. But w e believe you can hire and fully staff your firm by January. That may seem like a shocking statement especially since we just saw an article in Accounting Today that said 1% of firm representatives believe they can find qualified talent right now. 1%!

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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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PwC Australia says lack of board oversight enabled tax scandal

Accounting Today

The firm said its risk controls were inadequate and its board didn't challenge leadership enough, following a months-long independent inquiry into malpractice.

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Outsourced Bookkeeping for CPAs: 8 Options Compared

Future Firm

If you’re a CPA firm looking to outsource your bookkeeping, you’ll want to check out this post on the 7 different options for outsourced bookkeeping for CPAs. In this article, I’ll run through some of the more modern options that might make the most sense for your firm at the moment. Check it out: Outsourced Bookkeeping for CPAs Terminology Before continuing, there are 3 terms that I want to briefly define which will have an impact on the option you select.

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Financial restatements surge among SPAC startups

Accounting Today

The number of companies that have restated their financial results or disclosed accounting problems has increased significantly in recent years.

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Why I became a Certified Pumpkin Plan Growth Strategist

Reconciled Solutions

We have some big news at Reconciled Solutions: I recently became a Certified Pumpkin Plan Growth Strategist! I am now officially trained and certified to. The post Why I became a Certified Pumpkin Plan Growth Strategist appeared first on Reconciled Solutions.

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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 CPAs can learn from Smucker's

Accounting Today

How do you get as much benefit as possible from in-office collaboration while giving as much flexibility to work remotely?

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Green Accounting: How Accountants Can Embrace Sustainability With LedgerDocs

LedgerDocs

Environmental consciousness is on the rise; sustainability isn’t just a buzzword anymore; it has become a necessity. In the coming years, industries across the board will be seeking ways to reduce their carbon footprint and minimize their impact on our planet. Accountants and bookkeepers are no exception; as one of the most paper-heavy departments , their workflow is a great place to start when it comes to limiting a business’s impact.

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Vendor Spotlight: Laurel

Accounting Today

In this week's Vendor Spotlight, we catch up with Laurel, the AI-powered time tracking software solution.

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Sage Intacct Integration

Tipalti

Get more out of your Sage Intacct software with robust integrations designed to streamline and automate your accounts payable processes. Simplify invoice management and increase accuracy.

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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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Farmers and ranchers get more time to replace livestock

Accounting Today

With droughts impacting almost all 50 states, the IRS is giving more relief.

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What Is Temp to Hire? Pros and Cons

CSI Accounting & Payroll

As a small business owner, you’re generally more susceptible to risk than larger businesses are. A common risk area is losing a lot of money, time, and effort when you hire the wrong employee. This is especially true if you’re in a highly competitive industry or are hiring for an entry-level position. What if there was a way to work with a new employee on a trial basis?

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PCAOB fines Deloitte's Colombia firm $900K for violations

Accounting Today

The Public Company Accounting Oversight Board sanctioned a Deloitte member firm in South America for violating quality control standards.

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How 6 Companies saved up to 80% Cloud Costs – Case Studies

Economize

The allure of cloud computing often promises scalability, flexibility, and enhanced performance. But for many companies, the transition to the cloud comes with an unwelcome surprise: escalating costs. This usually happens due to misconfigured workloads, oversight of optimum pricing models, or simply a lack of understanding about the available discounts.

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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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Everything You Do in Your Firm is Sales

Future Firm

Beyond client acquisition, I discovered that sales permeates all aspects of effective business management. In this episode, I shared the importance of sales and how to incorporate it into your firm’s processes. Listen Below. 1:05 – At the outset of establishing my accounting firm, I dreaded sales calls, grappling with low self-assurance and a challenging learning curve as an introvert. 1:33 – Emphasizing a sales-oriented approach to recruitment is key to attracting the right ca

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Hierarchy of needs definition

Accounting Tools

Related Courses New Manager Guidebook What is the Hierarchy of Needs? The hierarchy of needs is a characterization of an individual’s needs, as classified by Abraham Maslow in his 1943 research paper, A Theory of Human Motivation. Level 1 - Physiological Needs In essence, this concept states that the most essential need of a person is physiological, such as having enough food and housing – essentially the base minimum needed for survival.

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AI in Accounts Payable

Tipalti

In what ways can artificial intelligence be used in accounts payable, and what are the risks and rewards? Deep-dive on AI powered AP automation in our comprehensive article.

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The California Board of Accountancy wants to know how you feel about the 150-hour rule for CPA licensure

Blake Oliver

The California Board of Accountancy is surveying applicants and licensees about educational requirements for CPA licensure!

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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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Audit definition

Accounting Tools

Related Courses How to Conduct an Audit Engagement What is an Audit? An audit is the examination of an entity's accounting records , as well as the physical inspection of its assets. If performed by a certified public accountant (CPA), the CPA can express an opinion on the fairness of the entity's financial statements. This opinion is then issued along with the financial statements to the investment community.

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Member Spotlight: Build Your Credit Career with Designations

NACM

The credit industry plays a pivotal role in modern economies, facilitating access to financial resources for individuals and business alike. By earning designations through NACM's Professional Certification Program, credit professionals can take various courses that allow them to increase their knowledge of business credit and become experts in the.

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Appreciation definition

Accounting Tools

What is Appreciation? Appreciation is an increase in the value of an asset over time. This is one of the main reasons why investors hold certain assets, such as common stock , real estate, rare coins, and artwork. There are a number of reasons why assets can appreciate. For example, the supply of an asset may become restricted. Or, the demand for an asset may increase.

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Trump's business empire at risk of dissolution after New York ruling

Accounting Today

The New York judge who ruled the former president committed fraud by inflating the value of many of his assets also authorized AG Letitia James to cancel certificates for companies that hold those assets.

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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.