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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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How A CPQ Tool Generates Faster Quotes with Precision

Billing Platform

Unless you’re selling a single product that can only be configured one way, the configuration, pricing, and quoting (CPQ) processes are probably resulting in a disproportionate amount of time spent – not only by your sales reps but others that are involved. Are you ready to simplify the process, deliver precise quotes each and every time, and do it faster than ever before?

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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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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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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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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).