Sun.Sep 10, 2023

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Key MLOps processes (part 2): Feature engineering, or the development of features

FinOps in Practice

In this article, we describe Process 2 – Feature engineering, or the development of features. Please, find the whole scheme, which describes key MLOps processes here. The main parts of the scheme are horizontal blocks, inside of which the procedural aspects of MLOps are described. Each of them is designed to solve specific tasks within the framework of ensuring the uninterrupted operation of the company’s ML services.

FinOps 130
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App Aware: Verosa Payments

Insightful Accountant

Verosa offers payment processing for QuickBooks, QuickBooks Online, QuickBooks Desktop, and even QuickBooks Point-of-Sale.

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Is Quicken and QuickBooks the Same Thing?

Ace Cloud Hosting

Accounting operations are no longer about paperwork. Software programs have taken center stage, and users are picking different accounting solutions depending on their requirements. Since the range of accounting software.

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Productivity definition

Accounting Tools

Related Courses Managerial Economics Operations Management What is Productivity? The productivity concept is used to measure the efficiency of an individual or process. To calculate productivity, divide total output by total costs consumed, where output is usually defined as revenue. Productivity is commonly measured on a trend line , to see if the cumulative impact of ongoing training and process improvements are enhancing the ability of a person or business to generate greater output at the sa

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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.

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Future Forward 2023: Advisory Isn’t A Four-Letter Word: Part One

Insightful Accountant

In the first part of our 'Future Forward' webinar, Seth Fineberg And Kellie Parks will tackle 'Marketing Your Services.' Sign up today inside.

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Streamlining Enterprise Transactions: The Power of Digital Payments

Invoicera

Is managing finances proving a headache for you? If yes, you are not alone in this. Whether running a start-up or an established organization, you will face challenges managing finances if you don’t have a dedicated and modern financing solution in place. Another two common problems are: Having an outdated payment management system Not properly implementing the system Traditional paper-based payments have long been frustrating for enterprises, bogging down with time-consuming processes and poten

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Streamlining Enterprise Transactions: The Power of Digital Payments

Invoicera

Is managing finances proving a headache for you? If yes, you are not alone in this. Whether running a start-up or an established organization, you will face challenges managing finances if you don’t have a dedicated and modern financing solution in place. Another two common problems are: Having an outdated payment management system Not properly implementing the system Traditional paper-based payments have long been frustrating for enterprises, bogging down with time-consuming processes and poten

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Gross sales definition

Accounting Tools

Related Courses The Income Statement What are Gross Sales? Gross sales are the total sales recorded prior to sales discounts and sales returns. It is useful as a measure of the overall sales activity of a business. However, if a company is selling faulty products that are later returned, gross sales is not a good indicator of the abilities of an entity; in this case, net sales is a better indicator.

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Maturity date definition

Accounting Tools

Related Courses Accounting for Bonds Accounting for Investments Corporate Finance What is a Maturity Date? The maturity date is the date on which a debt must be paid in full. On this date, the principal amount of the debt is fully paid, so no further interest expense accrues. The maturity date on some debt instruments can be adjusted to be on an earlier date, at the option of the debt issuer.

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Fixed rate loan definition

Accounting Tools

Related Courses Corporate Cash Management Corporate Finance Treasurer's Guidebook What is a Fixed Rate Loan? A fixed rate loan is a lending arrangement in which the interest rate charged does not change for the life of the loan. In this situation, the lender is taking on the risk that the market rate of interest will vary from the rate embedded in the loan.

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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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General ledger definition

Accounting Tools

Related Courses Bookkeeper Education Bundle Bookkeeping Guidebook What is a General Ledger? A general ledger is the master set of accounts that summarize all transactions occurring within an entity. There may be a subsidiary set of ledgers that summarize into the general ledger. The general ledger, in turn, is used to aggregate information into the financial statements of a business; this can be done automatically with accounting software, or by manually compiling financial statements from the i

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401(k) payable definition

Accounting Tools

Related Courses Human Resources Guidebook The Balance Sheet What is 401(k) Payable? 401(k) payable is a general ledger account that contains the amount of 401(k) plan pension payments that an employer has an obligation to remit to a pension plan administrator. This account is classified as a current liability , since the amount owed should be paid within one year.

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Managed currency definition

Accounting Tools

Related Courses Corporate Cash Management Foreign Currency Accounting What is a Managed Currency? A managed currency is a currency for which the exchange rate is controlled by a government’s central bank. The government does so by either setting a fixed exchange rate or by engaging in buying and selling transactions through its central bank. Even when a government claims to be letting its currency's exchange rate rise and fall in accordance with the forces of supply and demand, it may be making

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Royalty definition

Accounting Tools

What is a Royalty? A royalty is compensation paid in exchange for the use of intellectual property or natural resources. The royalty is typically computed as a percentage of the sales or profit proceeds generated from the use of these assets. The terms of the arrangement are contained within a license agreement, which is entered into by the asset owner and the party wanting to use the asset.

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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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Garnishment payable definition

Accounting Tools

Related Courses The Balance Sheet What is a Garnishment Payable? A garnishment payable is the amount that a business owes to the applicable court or other agency that has required funds to be withheld from an employee 's paycheck. Garnishments may be associated with unpaid taxes, unpaid loans , child support, spousal support, and similar matters. These amounts should be recorded within a separate garnishment payable liability account, so that the accounting staff can more closely track the statu

Tax 40
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Fixed expenses definition

Accounting Tools

Related Courses Cost Accounting Fundamentals What are Fixed Expenses? Fixed expenses are expenses that do not change in conjunction with the level of activity. These expenses tend to be quite stable, not changing much from month to month. Examples of fixed expenses are advertising, dues, equipment leases, insurance, and rent. Expenses tend to be fixed within a certain range of activity, but will vary outside of that range.

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Soft loan definition

Accounting Tools

Related Courses Auditing State and Local Governments Governmental Accounting The Green Book Explained The Yellow Book Explained What is a Soft Loan? A soft loan is a loan that features a below-market interest rate or no interest at all. These loans are also known for having unusually favorable terms, such as extended repayment periods and interest holidays.

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Structuring definition

Accounting Tools

Related Courses Money Laundering What is Structuring? Structuring is the practice of executing financial transactions in such a way that the filing of financial reports to the government is avoided. This usually involves keeping individual bank deposits lower than $10,000. Once the $10,000 threshold is reached, banks are required by the Bank Secrecy Act to file a Currency Transaction Report with the government.

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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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FASB Pronouncements definition

Accounting Tools

Related Courses GAAP Guidebook International Accounting What are FASB Pronouncements? FASB pronouncements are the various issuances of the Financial Accounting Standards Board. Its pronouncements include the following: Statements of financial accounting standards Statements of financial accounting concepts Interpretations Technical bulletins Staff positions These pronouncements, as a whole, constitute a set of rules and general guidelines for the reporting of financial information.

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Garnishment definition

Accounting Tools

Related Courses How to Audit Payroll Optimal Accounting for Payroll Payroll Management What is a Garnishment? A garnishment is a legal authorization to seize the personal property of a debtor that is in the possession of a third party. Garnishments frequently involve court orders to employers to retain the wages of their employees to pay for child support, unpaid taxes, and unpaid debts.

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General partner definition

Accounting Tools

Related Courses Partnership Accounting Partnership Tax Guide What is a General Partner? A general partner is a member of a partnership who has unlimited liability for the obligations of the business. Unlimited liability means that creditors of the partnership can access the personal assets of the general partner. This person usually has management responsibility for the firm, being closely involved in its daily operations.

Tax 40
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FASB Interpretation definition

Accounting Tools

Related Courses GAAP Guidebook International Accounting What is a FASB Interpretation? A FASB Interpretation is an official issuance of the Financial Accounting Standards Board (FASB). This document provides additional information about a previously-issued accounting standard , stating how it should be applied; it is essentially explanatory. An interpretation is considered to be part of generally accepted accounting principles.

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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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Fraud audit definition

Accounting Tools

Related Courses Fraud Examination Fraud Schemes How to Audit for Fraud What is a Fraud Audit? A fraud audit is a detailed examination of the financial records of a business, with the intent of finding instances of fraud. This procedure is more detailed than a normal audit , since some types of fraud involve such small amounts of money and other assets that they might fall below the standard materiality threshold.

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Reputational risk definition

Accounting Tools

Related Courses Business Insurance Fundamentals Disaster Recovery Planning Enterprise Risk Management What is Reputational Risk? Reputational risk is the possibility that an organization's brand will be damaged. A firm's reputation can be impaired in a number of ways, including the following: By management actions. For example, management decides not to recall a product, which then causes injuries to a number of customers.

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Quick ratio definition

Accounting Tools

Related Courses Business Ratios Guidebook The Interpretation of Financial Statements What is the Quick Ratio? The quick ratio is used to evaluate whether a business has enough liquid assets that can be converted into cash to pay its bills. The key elements of current assets that are included in the ratio are cash, marketable securities , and accounts receivable.

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Profit margin definition

Accounting Tools

Related Courses Business Ratios Guidebook Financial Analysis The Interpretation of Financial Statements What is Profit Margin? Profit margin is the percentage of sales that a business retains after all expenses have been deducted. In essence, it shows the proportion of each dollar of sales that is retained as earnings. For example, a 15% profit margin indicates that a business is retaining $0.15 from each dollar of sales generated.

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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