Wed.Jun 07, 2023

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Announcing our Investment in Finch

Intuit

As a leading payroll provider for small and medium businesses (SMBs), Intuit knows how valuable payroll data is to them. However, the payroll ecosystem is highly fragmented with close to 6,000 total payroll providers. On top of that, most of these systems run on legacy software stacks that don’t easily share data. Companies who need data from these systems—such as 401k/benefits providers or HR tools—must rely on individual integrations and manual data transfers with every payroll system their cu

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A Second Look at Wholesale Payroll

Insightful Accountant

Murph takes one of his second look at a payroll program designed for accountants, bookkeepers and consultants wanting to offer payroll to their clients.

Payroll 105
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Beyond Taxes: How an Accountant Can Provide Small Business Advice

CSI Accounting & Payroll

Small business owners often overlook the importance of a good accountant until they find themselves crunching numbers at the end of a long day. This is a reality for most small businesses, but there comes a time when the owner or their administrative staff can't keep up and need professional help. Even if you already work with an accountant for your annual taxes, did you know there's another accounting solution that's much more affordable than hiring in-house help?

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Is Your Business and Personal Brand Prepared for AI?

Insightful Accountant

See why the Sterling Marketing Group's Karen Tiber Leland says the answer most experts give is no.

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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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What is posting in accounting?

Accounting Tools

Related Courses Bookkeeper Education Bundle Bookkeeping Guidebook Closing the Books Posting in accounting is when the balances in subledgers and the general journal are shifted into the general ledger. Posting only transfers the total balance in a subledger into the general ledger, not the individual transactions in the subledger. An accounting manager may elect to engage in posting relatively infrequently, such as once a month, or perhaps as frequently as once a day.

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QuickBooks Without Limits – Anywhere, Anytime with No Location Restrictions

Ace Cloud Hosting

What has DNA got to do with accounting. DNA holds within it a secret of resilience and sustainability, constantly evolving over time. The same way, accounting firms must also move.

More Trending

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An Ultimate Guide to Enterprise Automation

Nanonets

Looking to automate manual processes? Try Nanonets for free. Create custom workflows to automate manual processes in 15 minutes. No credit card is required. Start your free trial Managing multiple business processes is a time-consuming job that takes away valuable time that could be spent doing productive work. As a result, businesses are trying to find ways to process more work with the same resources.

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How to prepare a cash flow statement

Accounting Tools

Related Courses Closing the Books The Statement of Cash Flows What is a Statement of Cash Flows? A statement of cash flows contains information about the flows of cash into and out of a company, and the uses to which the cash is put. The statement is comprised of three sections, in which are presented the cash flows that occurred during the reporting period relating to the following topics noted below.

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What AI automation for Accounts Payable actually looks like

Nanonets

While Chat-GPT may be able to pass the CPA exam and generate incredible walls of text, true AI automation looks different (and isn’t as straightforward as a 1-line prompt). Introduction There is simply no escaping the fact that AI is the most talked about topic on the internet in 2023. Chat-GPT, the popular chat-based interface for exploring the LLM (Large Language Model) capabilities developed by OpenAI, was released to the public earlier in the year.

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How to handle disputed liabilities

Accounting Tools

Related Courses Accountants' Guidebook GAAP Guidebook How to Audit Liabilities A reader asks, "How do you handle disputed short-term liabilities? Would you record an expense, even though it will probably go to litigation for resolution? Does it stay on the books until an actual resolution is reached?" When to Recognize a Loss Contingency This is known as a loss contingency.

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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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Don’t Ignore This Step in Your Recruitment

Future Firm

Do you want to improve your recruitment process? In this week’s podcast episode, I discussed the step you have to include in order to get the best candidates who will elevate your firm. Listen below. 0:31 – Low performers will hinder your firm’s progress, whereas high-performing team members can help eliminate bottlenecks and significantly enhance your business’s capacity. 1:06 – Integrating a skill test into your recruitment process is a crucial step, typically con

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Capital budgeting definition

Accounting Tools

Related Courses Budgeting Capital Budgeting What is Capital Budgeting? Capital budgeting is the process that a business uses to determine which proposed fixed asset purchases it should accept, and which should be declined. This process is used to create a quantitative view of each proposed fixed asset investment, thereby giving a rational basis for making a judgment.

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How AI will actually transform Accounts Payable

Nanonets

While Chat-GPT may be able to pass the CPA exam and generate incredible walls of text, true AI automation looks different (and isn’t as straightforward as a 1-line prompt). Introduction There is simply no escaping the fact that AI is probably the most talked about topic on the internet in 2023. Chat-GPT, the popular chat-based interface for exploring the LLM (Large Language Model) capabilities developed by OpenAI, was released to the public earlier in the year.

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Account definition

Accounting Tools

Related Courses Bookkeeper Education Bundle Bookkeeping Guidebook What is an Account? An account can have several meanings in the accounting profession. They are noted below. Account Record An account can be the record in a system of accounting in which a business records debits and credits as evidence of accounting transactions. Thus, the accounts receivable account stores information about billings to customers, as well as reductions of those billings due to payments from customers.

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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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Wired South LLC Crushes Growth Goals with Brigade’s Outsourced Accounting Services

Brigade

Wired South LLC is a mid-size construction company that specializes in smart technology solutions. The president of the company had been the “acting accountant” for 9 years. However, in 2021 he realized that his self-taught accounting methods would not get the company where it needed to go in terms of growth and having the time, clarity and ability to focus on strategic imperatives.

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Accelerated depreciation definition

Accounting Tools

Related Courses Fixed Asset Accounting How to Audit Fixed Assets What is Accelerated Depreciation? Accelerated depreciation is the depreciation of fixed assets at a faster rate early in their useful lives. This type of depreciation reduces the amount of taxable income early in the life of an asset, so that tax liabilities are deferred into later periods.

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Emerging Trends in Bookkeeping and Accounting Technology: What the Future Holds

Bookkeeping Express

The accounting landscape has undergone rapid transformation in the last decade, especially with the rise of cloud computing and the proliferation of “apps” designed to simplify and integrate financial processes for business owners and their bookkeepers. The unexpectedly rapid advancement of artificial intelligence accelerated that transformation even further over the last year.

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The difference between fixed and variable costs

Accounting Tools

Related Courses Activity-Based Costing Cost Accounting Fundamentals What are Fixed Costs? A fixed cost is a cost that does not increase or decrease in conjunction with any activities. Thus, a business will incur fixed costs even when there is no business activity. Examples of fixed costs are rent, insurance, depreciation , salaries, and utilities. What are Variable Costs?

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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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The 20 Best GCP Cost Optimization Tools

Economize

This guide highlights the 20 best Google Cloud Platform (GCP) cost optimization tools available in 2023. Each tool provides unique features, from granular cost visibility and predictive analytics to automated recommendations and cost governance. Whether you're a small business or a global enterprise, these tools can help you gain better control over your GCP costs, align your cloud spending with business value, and maximize your cloud investment.

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Contract costing definition

Accounting Tools

Related Courses Construction Accounting Contract Management What is Contract Costing? Contract costing is the tracking of costs associated with a specific contract with a customer. For example, a company bids for a large construction project with a prospective customer, and the two parties agree in a contract for a certain type of reimbursement to the company.

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Kubernetes Annotations Vs. Labels: 4 Major Differences

CloudZero

As a Kubernetes environment becomes more complex, it can become harder to manage. You can reduce that overwhelm by organizing your resources in a way that makes them easier to group, filter, and track.

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Cost allocation definition

Accounting Tools

Related Courses Activity-Based Costing Cost Accounting Fundamentals What is a Cost Allocation? Cost allocation is the process of identifying, aggregating, and assigning costs to cost objects. A cost object is any activity or item for which you want to separately measure costs. Examples of cost objects are a product, a research project, a customer, a sales region, and a department.

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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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Member Spotlight: Make an Impact with Designations

NACM

NACM's Professional Certification Program helps credit professionals advance in their career through the earning of a designation. It is through this certification program that credit professionals can become well-rounded with a variety of skills and make a positive impact in their company.Jennifer Goetz, CCE, finance manager, customer receivables.

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Prior period adjustment definition

Accounting Tools

Related Courses Accounting Changes and Error Corrections What is a Prior Period Adjustment? There are two types of prior period adjustments. The first is a correction of an error in the financial statements that was reported for a prior period. The second type of prior period adjustment was caused by the realization of the income tax benefits arising from the operating losses of purchased subsidiaries before they were acquired.

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US Economy Under Significant Pressure, CMI Shows

NACM

? NACM's Credit Managers' Index (CMI) slipped 1.6 points in May to 52.2—nearly erasing three months of improvement. This indicates the economy could collapse under the mounting pressure of lingering debt ceiling issues, interest rate hikes and continued stress in the banking sector, said NACM Economist Amy Crews Cutts.? Hear more on today's episode.

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Net cash flow definition

Accounting Tools

Related Courses The Interpretation of Financial Statements The Statement of Cash Flows What is Net Cash Flow? Net cash flow is the amount of cash generated or lost over a specific period of time, usually over one or more reporting periods. This concept is used to discern the short-term financial viability of a business, which is considered to be its ability to generate cash.

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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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Operating profit margin definition

Accounting Tools

Related Courses Business Ratios Guidebook The Income Statement The Interpretation of Financial Statements What is the Operating Profit Margin? The operating profit margin is the earnings that a business generates from its operating activities. It reveals the financial viability of the core operations of a business before any extraneous financial or tax-related effects.

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Sales budget | Sales budget example

Accounting Tools

Related Courses Budgeting Capital Budgeting Effective Sales Forecasting Effective Sales Management What is a Sales Budget? The sales budget contains an itemization of a company's sales expectations for the budget period, in both units and dollars. If a company has a large number of products, it usually aggregates its expected sales into a smaller number of product categories or geographic regions; otherwise, it becomes too difficult to generate sales estimates for this budget.

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Cash method of accounting definition

Accounting Tools

Related Courses Small Business Tax Guide What is the Cash Method of Accounting? The cash method of accounting requires that sales be recognized when cash is received from a customer, and that expenses are recognized when payments are made to suppliers. This is a simple accounting method, and so is attractive to smaller businesses. It is possible under the cash method to alter reported earnings, which is why the IRS is suspicious of its use (though the IRS still allows it).

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Constraint analysis definition

Accounting Tools

Related Courses Constraint Management New Manager Guidebook What is Constraint Analysis? Constraint analysis focuses on the bottlenecks within an organization. Under this viewpoint, a manager should only focus on maximizing the utilization of a bottleneck, since the bottleneck controls the overall profitability of the business. Focusing on any other aspect of the business has no impact on profits.

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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.