Wed.Aug 02, 2023

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Less than 1% of firms can find enough staff

Accounting Today

CPA firms are resorting to strategies like hiring workers abroad, raising starting salaries, offering fully remote jobs, and hiring staff who haven't graduated college.

CPA 246
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Streamlining Financial Processes: How Client Accounting Services Drive Efficiency

Accounting Department

Efficient financial processes are essential for the success and growth of any business. However, managing tasks like invoicing, payroll management, and financial reporting can be time-consuming and complex, diverting valuable resources from core operations.

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IRS starts 'paperless processing' initiative

Accounting Today

The Internal Revenue Service hopes to process all of the tax correspondence, notice responses and non-tax forms it receives digitally in the next two years in an effort to reduce the amount of time-consuming paper it receives in the mail.

Tax 246
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Can ChatGPT Comply with Accounting Rules?

Insightful Accountant

New Oracle NetSuite white paper not only provides a guide for CFOs about the topics of AI and Machine Learning, but also evaluates ChatGPT. Read our summary of how ChatGPT explained ASC 842 compliance.

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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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Vendor Spotlight: Visual Lease

Accounting Today

In this week's vendor spotlight, we talk lease administration and management with Robert Michlewicz, CEO of Visual Lease.

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Canopy Expands its AI-driven Capabilities

Insightful Accountant

With its new Canopy Insights, the account management software provider advances its practice management analytics with AI-Driven custom query and reporting capabilities.

More Trending

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6 Tips to Solve Scope Creep in Your Service-Based Business

Brigade

If you run a service-based business, you may be familiar with the term “scope creep” which is essentially a stream of change requests that come from clients either during or after project delivery. This can be a major challenge for many reasons, not the least of which being your profit margin!

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Yellen touts next phase of IRS upgrade with 'paperless' push

Accounting Today

The Treasury Department is trying to modernize the badly outdated agency in a bid to improve customer service and ramp up enforcement.

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Foreign currency hedging

Accounting Tools

Related Courses Accounting for Derivatives and Hedges Corporate Cash Management Foreign Currency Accounting What is Foreign Currency Hedging? Foreign currency hedging involves the purchase of hedging instruments to offset the risk posed by specific foreign exchange positions. Hedging is accomplished by purchasing an offsetting currency exposure. For example, if a company has a liability to deliver 1 million euros in six months, it can hedge this risk by entering into a contract to purchase 1 mil

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IAASB proposes global sustainability assurance standard

Accounting Today

The International Auditing and Assurance Standards Board proposed new rules for providing outside assurance on a company's sustainability reporting efforts.

Auditing 130
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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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The difference between profit margin and operating margin

Accounting Tools

Related Courses Business Ratios Guidebook The Income Statement 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. The calculation of the profit margin is sales minus total expenses, which is then divided by sales. What is Operating Margin?

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IRS visits to dozens of rich Americans drive Malta pension probe

Accounting Today

Several tax lawyers said agents may have gone too far by looking for crimes in transactions that promoters promised were permissible under a 2011 U.S.-Malta tax treaty.

Tax 130
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Purchase definition

Accounting Tools

Related Courses How to Audit Procurement Purchasing Guidebook What is a Purchase? A purchase involves the acquisition of goods or services in exchange for a payment of some kind. The payment is usually in cash or credit (to be paid later). A purchase may also be part of a barter transaction where different non-cash assets are exchanged, or it may be in exchange for the assumption of a liability.

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Private sector added 324K jobs in July

Accounting Today

Annual pay grew 6.2% year over year, according to payroll processor ADP, which separately added generative AI features to its software.

Payroll 130
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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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Statement of changes in equity

Accounting Tools

Related Courses The Balance Sheet The Interpretation of Financial Statements What is the Statement of Changes in Equity? The statement of changes in equity is a reconciliation of the beginning and ending balances in a company’s equity during a reporting period. It is not considered an essential part of the monthly financial statements , and so is the most likely of all the financial statements not to be issued.

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OECD global minimum tax guidance impacts U.S. companies

Accounting Today

The Organization for Economic Cooperation and Development recently issued important new guidance that has significant implications for U.S. companies doing business abroad.

Tax 100
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7 Common Invoicing Mistakes to Avoid

Invoicera

No one wants to get paid late. Thus, it is crucial to understand the basics of proper invoicing and how you can avoid mistakes while creating them. Simple and accurate invoicing is the key to receiving prompt payments. However, many businesses avoid this fact and make mistakes when it comes to invoicing. And eventually, it leads to delayed payments.

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What is EEI: understanding electronic export information and its requirements

Nanonets

Electronic Export Information (EEI) came into existence in the United States to collect export data. No matter how big or small your business is, if you're exporting goods overseas with shipments valued at over $2,500 , you'll need to file an EEI. Since its introduction, EEI has significantly impacted businesses that export goods. It helps to track the movement of goods, ensures border security, and allows the US Department of Commerce to regulate the flow of goods in and out of the co

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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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AvidXchange Announces Key Executive Additions

Insightful Accountant

The accounts payable automation software and payment solutions provider names John Feldman Chief Operating Officer and appoints Doug Anderson as Chief Product Officer.

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Accounting Firm Names: 1000+ Ideas for Modern Firms

Future Firm

In this article, you’re going to get a ton of inspiration plus a whole bunch of tips for picking amazing accounting firm names. Let’s get right into it. Table of Contents How to Choose a CPA Firm Name? Characteristics of a Good Business Name Accounting Firm Names To Avoid 1,013 Accounting Firm Name Ideas Professional Names Fun Names Catchy Names Forward-thinking Names Cool Names Trendy Names Niche Names Animal-Inspired Names Symbolic Names Innovative Names Elegant Names Nature-Inspir

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Charles McKissick on Mastering Outsourced Accounting

Insightful Accountant

Insightful Accountant's Gary DeHart sits down with Unison Globus' Charles McKissick to discuss the benefits, tips and must-haves for outsourced accounting. Catch the latest edition of Accounting Insiders.

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How to Unlock Freedom & Flexibility in Your Firm

Future Firm

Many of us desire a business that not only offers financial independence but also grants us the means to live life on our terms. In this podcast episode, I shared tips and strategies to help you break barriers that unlock more freedom and flexibility for your firm. Listen Below. 0:25 – The majority of us built our firms with the primary purpose of aiding our clients and customers but above all, we also want a business that can support our dream lifestyle. 0:59 – Among the various asp

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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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QuickBooks Enterprise: To Host or Not to Host 

Ace Cloud Hosting

Are you handling a myriad of financial data and seeking high-end security for it?

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7 Common Invoicing Mistakes to Avoid

Invoicera

No one wants to get paid late. Thus, it is crucial to understand the basics of proper invoicing and how you can avoid mistakes while creating them. Simple and accurate invoicing is the key to receiving prompt payments. However, many businesses avoid this fact and make mistakes when it comes to invoicing. And eventually, it leads to delayed payments.

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Datadog DASH Conference 2023: Visit Finout's Stand

finout

Table of contents Discover the Datadog DASH Conference Key Themes and Focus Areas Meet FinOut at Their Exhibition Stand Connect with the FinOut Team at DASH Datadog Conference 2023 Don't Miss Out on DASH by Datadog!

FinOps 52
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Choosing Standard vs Convertible Reserved Instances in AWS

Economize

Choosing between Standard and Convertible Reserved Instances in AWS is a pivotal decision for optimizing cloud costs.

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Protect What Matters: Rethinking Finance Ops In A Digital World

Speaker: Cheryl J. Muldrew-McMurtry

Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.

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Production payment interest definition

Accounting Tools

Related Courses Oil and Gas Accounting What is a Production Payment Interest? A production payment interest is the right to receive revenue from oil and gas production, where the right reverts back to the interest from which it was created after a certain amount of production volume or revenue is reached. An organization obtains a production payment interest when it purchases a percentage of the proved reserves of a field.

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Member Spotlight: CCRA Crafts Confidence

NACM

As many of you have seen throughout our Member Spotlight blog series, earning a designation through NACM's Professional Certification Program can advance your career in credit in various ways. Not only does it increase your knowledge and establish credibility, but it increases your confidence as a credit leader. For Suzanne Jorissen, CBA, CCRA, are.

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Breakeven analysis definition

Accounting Tools

Related Courses Financial Analysis The Interpretation of Financial Statements What is Breakeven Analysis? Breakeven analysis is used to locate the sales volume at which a business earns exactly no money. At this point, all contribution margin earned is needed to pay for the company’s fixed costs. Contribution margin is the margin that results when all variable expenses are subtracted from revenue.

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Cooking the Books with Barbie: The Downfall of Mattel's Co-Founder & Barbie Inventor

Cloud Accounting Podcast

In this episode, Blake and David cover the downfall of Mattel's co-founder and Barbie inventor, Intuit's new ad network that allows businesses to target specific audiences using data from QuickBooks Online, and the increasing rate of deficiencies in public company audits. They also discuss the detrimental effect of the 150-hour rule on students pursuing careers in accounting, the availability of a malicious code-writing tool called Fraud GPT on the dark web, and the use of AI in customer support

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How to Set Better OKRs and Drive Results

Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.