Mon.Sep 25, 2023

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Lee victims in two states get tax relief

Accounting Today

The IRS says taxpayers in Maine and Massachusetts who were hit by the hurricane now have until Feb. 15 to file and pay some taxes.

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Intuit for Education

Intuit

At Intuit, our mission is to power prosperity, which is why we built Intuit for Education, a free financial literacy platform, designed to help Gen Z and Gen Alpha high school students become the most financially literate generations ever. To that end, Intuit is committed to our goal of helping 50 million students become financially literate by 2030, so that when they enter adulthood, they’ll already possess the financial knowledge they need to thrive and prosper.

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The state of accounting technology

Accounting Today

Technology expert Randy Johnston shines a spotlight on what accounting tech can do for you now — and what it's going to do for you in the future.

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Three payment trends accountants need to know

Xero

This guest blog was written by the team at the leading bank payment solution, GoCardless. With interest rates at the highest level since 2012 in Australia and costs rising across the board, it can feel like the macro environment is designed to dent you and your clients’ businesses. But it’s not all doom and gloom. As you’re at the centre of your customers’ financial processes, you’re in the perfect position to make strategic recommendations and add greater value to their businesses.

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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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Managing your firm's technology

Accounting Today

What are the absolutely essential considerations to bear in mind when building out an accounting firm's tech stack?

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8 Must-Have QuickBooks Reports That Can Simplify Your Tax Filing Process 

Ace Cloud Hosting

Did you know that QuickBooks has your back when it comes to simplifying your tax filing process? Well, it does, and it’s a game-changer. QuickBooks, the versatile accounting software, is.

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LedgerDocs vs Dext: How Do They Compare?

LedgerDocs

In the world of bookkeeping there are many ways to store and manage financial documents: In this article, let’s thoroughly examine 2 popular ones: LedgerDocs and Dext. While both platforms were designed with features specifically for financial data management, there are distinct differences that set the two apart. LedgerDocs: As a growing contender in the market, LedgerDocs prides itself on its user-friendly interface and specific features tailored to meet the needs of bookkeepers, accountants,

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Art of Accounting: Your marketing sucks

Accounting Today

Good marketing ideas do not wither with age.

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Understanding the Accounts Receivable Process: Step-by-Step

Billing Platform

Consisting of a series of steps, the accounts receivable process refers to the money owed to a business for the purchase and delivery of goods or services. In principle the process may appear simple, however in reality it is fraught with complications and challenges. Accounts receivable (AR) provides the critical link between making the sale and receiving payment.

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Boomer's Blueprint: Visioning lays the foundation for transformation

Accounting Today

The process requires time to think, plan and grow individually and as a firm.

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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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CPA Mobility: Separating fact from fiction

Blake Oliver

Innovation is possible within the current framework, contends Blake Oliver.

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SEC charges telecoms co. over disclosure failures

Accounting Today

GTT Communications self-reported that it has difficulty reconciling data from two different systems, and overreported its income as a result.

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Headlines: Job Security Isn’t Enough to Keep Many Accountants From Quitting

Cloud Accounting Podcast

Accounting has long been viewed as a stable career, but in recent years, droves of accountants have been leaving the profession. Blake Oliver dives into a recent Wall Street Journal article highlighting the factors driving experienced accountants away, from burnout and boredom to the threat of automation. Show Notes Job Security Isn’t Enough to Keep Many Accountants From Quitting [link] Need CPE?

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AICPA & CIMA introduce AI-guided Career Launchpad

Accounting Today

The program gives student members access to real-world career stories, expert advice, and information from accounting professionals on a range of subjects.

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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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AWS Redshift Pricing & Cost Optimization – Top 7 Methods

Economize

Amazon Redshift is a fully managed, petabyte-scale data warehouse service in the AWS cloud. It’s designed to handle complex, high-performance analytics tasks, making it a valuable tool for organizations dealing with large datasets. However, like any powerful tool, it requires proper tuning and optimization to deliver the best performance and cost-efficiency.

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Navigating Change: Top Reasons Hospitals are Switching Healthcare Clearinghouse Vendors

SSI Healthcare Rev Cycle Solutions

Navigating Change: Top Reasons Hospitals are Switching Healthcare Clearinghouse Vendors Home / September 25, 2023 In the intricate and increasingly digital world of healthcare, clearinghouses play a pivotal role. Acting as intermediaries, healthcare clearinghouses take medical claims submitted from providers (hospitals, physicians, dental practices, etc.), check them for errors, and submit them to appropriate payers or insurance companies.

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Small Business Accounting 101: Basics Every Business Owner Should Know

Less Accounting

Of all the hats you wear as a business owner, finance and accounting expert can be the most difficult to get right. Even if you are starting a solo venture (hey, freelancers and consultants!) there’s still accounting that must done. And you want to make sure you do it right. So whether you’re a newbie looking to learn the basics or need a quick refresher course, let’s look at what elements go into successful accounting for small businesses.

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Navigating Change: Top Reasons Hospitals are Switching Healthcare Clearinghouse Vendors

SSI Healthcare Rev Cycle Solutions

Navigating Change: Top Reasons Hospitals are Switching Healthcare Clearinghouse Vendors Home / September 25, 2023 In the intricate and increasingly digital world of healthcare, clearinghouses play a pivotal role. Acting as intermediaries, healthcare clearinghouses take medical claims submitted from providers (hospitals, physicians, dental practices, etc.), check them for errors, and submit them to appropriate payers or insurance companies.

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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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Sun, Surf, and Financial Insights

Blake Oliver

Thank you, Maughtlyn Thomas and Allinial Global , for the opportunity to present the keynote at the Financial Institutions Workshop in San Diego last week. I enjoyed the insightful conversation with your members. And I got to do some sightseeing, too! If you can, visit the Hotel Del Coronado and head up the stairs to see an original stained glass window from the hotel's opening in 1888.

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Mastering How to Calculate the Return on Equity: A Guide

Nanonets

Return on Equity (ROE) is a crucial financial ratio that measures the net profits generated by a company based on each dollar of equity investment contributed by shareholders. It is a measure of how efficiently a company uses its equity capital to generate net income. Understanding ROE is essential for assessing your company's financial health and efficiency in generating profits with shareholder investments.

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Virtual Credit Card

Tipalti

Learn about the best virtual credit cards for businesses on the market today–so you can start streamlining your expenses and increasing your financial control.

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Why Unit Cost Must Be Your North Star Metric In The Cloud

CloudZero

Why is it so important to track unit cost in your cloud spend data? Because unit cost is your key to lasting optimization and lower costs.

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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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Cost hierarchy definition

Accounting Tools

Related Courses Activity-Based Costing Activity-Based Management Cost Accounting Fundamentals What is the Cost Hierarchy? The cost hierarchy is a classification system used in activity-based costing that designates activities based on how easily they can be traced to a product. In order of increasing order of traceability difficulty, the cost hierarchy is: Activities at the unit level.

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Nikki Haley promises to cut taxes, change Social Security

Accounting Today

The would-be Republican candidate is proposed eliminating the state and local tax deduction entirely, among other things.

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External audit definition

Accounting Tools

Related Courses How to Audit for Fraud How to Conduct an Audit Engagement What is an External Audit? An external audit is an examination that is conducted by an independent accountant. This type of audit is most commonly intended to result in a certification of the financial statements of an entity. This certification is required by certain investors and lenders , and for all publicly-held businesses.

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Certified Management Accountant definition

Accounting Tools

Related Courses Accounting Best Practices New Controller Guidebook What is a Certified Management Accountant? A certified management accountant (CMA) is a person who has successfully passed the CMA examination and fulfilled the associated experience requirements. To continue holding the certification, a person must also fulfill annual continuing professional education requirements.

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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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Earnings per share definition

Accounting Tools

Related Courses Accounting for Earnings per Share What is Earnings per Share? Earnings per share represents that portion of company income that is available to the holders of its common stock. The measure is closely monitored by investors , who use it to estimate the performance of a business. The formula for earnings per share is a company's net income minus any dividends on preferred shares , divided by the number of common shares outstanding.

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Escrow definition

Accounting Tools

What is an Escrow? An escrow is used when an independent third party holds funds on behalf of two other parties to a contract. The third party will continue to hold the funds until instructed to disburse them, which usually occurs when one of the parties to the contract fulfills an obligation to the other party. An escrow service will charge a fee in exchange for processing the transactions of other parties.

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Endowment fund definition

Accounting Tools

Related Courses Auditing Nonprofit Entities Nonprofit Accounting What is an Endowment Fund? An endowment fund is a sum of money that has been contributed by donors, and which is used for the upkeep or operations of an organization. Endowment funds are commonly used by nonprofit and educational institutions. Some portion of an endowment fund may be restricted, so that the principal is protected; if so, only the earnings from the fund can be used.

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Consignor definition

Accounting Tools

What is a Consignor? A consignor is an entity that delivers goods to a carrier, for subsequent delivery to a third party (the consignee ). The consignor retains ownership of the goods until the consignee pays for them. Thus, the inventory held at the consignee location is still the property of the consignor until such time as the consignor is paid. Terms Similar to Consignor A consignor is also known as a shipper or sender.

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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.