Wed.May 10, 2023

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A community for technologists, by technologists

Intuit

A major challenge for tech companies is how to remain resilient despite a potential economic slowdown. Leading through macroeconomic uncertainty, there’s a need to build innovation and compete. To achieve the feat, tech companies are shaping engineers in real-time by providing them with meaningful opportunities, on-the-job training, and sharing what challenges they might face.

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Zamp Launches End-to-End Sales Tax Solution for Online Sellers

Insightful Accountant

Zamp's team includes former state auditors, sales tax experts, research specialists and first employees of Stripe-acquired TaxJar & Vista-acquired Avalara.

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Workflow Automation Guide & 5 Best Workflow Software for 2023

Nanonets

Are you looking for workflow management software? Try Nanonets. Create workflows in <15 minutes. Try for free now. No Credit Card is Required. Create Your Workflow Businesses lose millions of dollars each year due to inefficiency, which is no secret. Businesses lose around 1 Trillion US dollars annually due to ineffective management activities! Intelligent workflow automation can save time, boost production, and cut expenses.

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Add, Store and Manage Employee & HR Records Inside QBO Payroll

Insightful Accountant

Now you can add, store and manage your employee documents and HR records right inside of QuickBooks Online Payroll. Murph explains.

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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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Common Mistakes to Avoid in Restaurant Accounts Payable Processing

Outsourced Bookeeping

The management of a restaurant’s financials is incomplete without the incorporation of the pivotal restaurant accounts payable process. Proper handling of accounts payable guarantees timely payment to suppliers and vendors, resulting in the seamless operation of a restaurant. Common Mistakes to Avoid in Restaurant Accounts Payable Processing Nevertheless, the processing of accounts payable can be intricate and susceptible to mistakes.

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Sage's Acquisition Streamlines Workflows for SMBs in Construction

Insightful Accountant

Deal adds cloud native preconstruction and project management solutions to Construction and Real-Estate (CRE) Portfolio.

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The Accounts Payable 3 Way Match: An In-depth Guide

Nanonets

According to an ACFE report, companies lose up to 5% of their annual revenue on fraudulent or unauthorised spends. That's why finance teams are increasingly adopting a 3 way match of vendor invoices as an essential step of their accounts payable process. By 3 way matching supporting documents, companies can detect duplicate, erroneous, or fraudulent payments to vendors.

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Future Forward 2023: Make Technology Your Secret Sauce

Insightful Accountant

Find out the details on how centralized functions in the cloud can reduce IT infrastructure costs. Sign up today.

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Generate insights with unstructured data extraction

Nanonets

Data is the lifeline of all online businesses and the way we interact. Every day, we create roughly 2.5 quintillion bytes of data. That’s a lot. But what is surprising is that 90% of that data is unstructured. It does not have any particular structure. So in order to make sense of the data, we really need to understand how to deal with unstructured data.

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May is Military Appreciation Month

Insightful Accountant

The US Congress designated May as Military Appreciation In 1999 and the USO needs your support to say "Thanks".

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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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Top 14 Workflow Management Software for Businesses in 2023

Nanonets

Workflows have taken the business world by storm because workflows can automate everything from simple data entry to entire accounting processes more efficiently. Workflow management software can streamline your mundane business tasks so the talented workforce can focus on strategy and impact revenue growth. But finding the best workflow management software for your team can be grueling, with so many options to choose from and multiple criteria to evaluate.

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Understanding the Cost of Bookkeeping Services: A Guide for Small Businesses

Bookkeeping Express

An effective and rigorous bookkeeping process is central to the success of any business. It enables the prompt payment of bills, the tracking of accounts receivable, the ability to make payroll each period, the timely, accurate payment of tax liabilities, the data to accurately forecast and manage cash flow, and a host of other business-critical tasks.

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Top Data Entry Software to automate data entry in 2023

Nanonets

Do you also have multiple tabs open while collecting data for analysis before an important meeting? Do you have to search multiple applications to find your file and copy-paste the data from the file into the master database? Also, not all the file types would be editable. In that case, convert, edit, and save. It sounds like a lot of work because it is!

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Pessimistic time definition

Accounting Tools

Related Courses Project Accounting Project Management What is Pessimistic Time? Pessimistic time is a concept used in the program evaluation and review technique (PERT). It represents the longest estimated time period within which a task is likely to be completed, and is used in project management activities.

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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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Top ChatGPT prompts for legal professionals

Nanonets

From court documents being moved to digital formats to the advent of AI in legal research, a lot has changed. What does it mean for legal professionals? And how can you use AI to make legal work more efficient? Court dates, client meetings, legal research, paperwork – the list goes on for legal professionals. Even with the billable hour model, legal professionals seem to be constantly stretched thin.

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Product family definition

Accounting Tools

Related Courses Essentials of Marketing What is a Product Family? A product family is a cluster of products that are built on the same platform. By designing multiple products with the same platform, a company saves on product development costs and can buy raw materials and components in larger quantities, thereby reducing its costs. A product family is usually marketed in the same way and sold through the same distribution channels.

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Member Spotlight: Emerging Leader

NACM

There are specific qualities that come to mind when it comes to leadership. Vision. Confidence. Strength. Independence. Ownership. But what makes one a leader? And what makes them memorable? That is why NACM created the Emerging Leader Award.

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Postponable cost definition

Accounting Tools

Related Courses Cost Accounting Fundamentals Cost Management Guidebook What is a Postponable Cost? A postponable cost is an expenditure that can be delayed to a future date without having a notable impact on short-term results. Managers focusing on short-term results are more likely to target postponable costs as part of their budgeting programs. These costs are usually reduced first when a business suffers a decline in revenue.

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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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Cost of nonconformance

Accounting Tools

Related Courses Quality Management Fundamentals What is the Cost of Nonconformance? The cost of nonconformance is comprised of those costs incurred as the result of a failure to meet the quality standards for a product. These costs are triggered when problems in the production process cause imperfections that render products unusable. The costs can include rework , scrap , field service costs, warranty replacements, and the cost of lost customers.

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Present fairly definition

Accounting Tools

Related Courses How to Conduct an Audit Engagement What is Present Fairly in Accounting? Present fairly is a term used within the text of an audit report to indicate that the following concepts were in place at the entity under review: The accounting principles applied by the firm are generally accepted The accounting principles are appropriate under the circumstances encountered by the firm The financial statements are reasonably informative about matters that may impact their use and interpret

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Cost reduction program

Accounting Tools

Related Courses Cost Management Guidebook What is a Cost Reduction Program? A cost reduction program is a plan to cut expenses in order to improve profits or cash flows. When a cost reduction program is intended to counteract a short-term decline in operating results, it is more likely to be targeted at discretionary costs , which are those costs that do not have a short-term impact on company performance, such as maintenance and employee training costs.

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Additional paid-in capital definition

Accounting Tools

Related Courses The Balance Sheet What is Additional Paid-In Capital? Additional paid-in capital is any payment received from investors for stock that exceeds the par value of the stock. The concept applies to payments received for either common stock or preferred stock. Par value is typically set extremely low, so most of the amount paid by investors for stock will be recorded as additional paid-in capital.

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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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Performance budget definition

Accounting Tools

Related Courses Budgeting Capital Budgeting Governmental Accounting What is a Performance Budget? A performance budget reveals the provision of goods and services that result from the expenditure of a certain amount of funds. The concept is most commonly used in government, where the focus of the organization is on providing resources to the general public.

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Preemptive right definition

Accounting Tools

Related Courses Corporate Finance Treasurer's Guidebook What is a Preemptive Right? A preemptive right is the right of existing shareholders to maintain their proportion of ownership of a company. They do so by acquiring their proportional share of any additional stock issuances by the firm. This right ensures that a shareholder's ownership interest is not diluted through the issuance of more shares.

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Cost of retained earnings

Accounting Tools

Related Courses Corporate Finance What is the Cost of Retained Earnings? The cost of retained earnings is the cost to a corporation of funds that it has generated internally. If the funds were not retained internally, they would be paid out to investors in the form of dividends. Therefore, the cost of retained earnings approximates the return that investors expect to earn on their equity investment in the company, which can be derived using the capital asset pricing model (CAPM).