Fri.Nov 15, 2024

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PCAOB calls off NOCLAR standard for this year

Accounting Today

Facing a backlash from audit firms about its proposal to toughen the standards for failing to detect noncompliance with laws and regulations, the Public Company Accounting Oversight Board has decided to delay action on the standard this year.

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A Practical Guide to Embracing AI in Finance – Unlocking Efficiency and Security with Accounts Payable Automation

Compleatable

Adopting the latest tools isn’t just an advantage; it’s essential for staying competitive. For finance departments, one of the most transformative tools has been Artificial Intelligence (AI), which has quickly become an asset in streamlining Accounts Payable (AP) processes , combating fraud, and offering real-time insights. This guide will explore the practical applications of AI in finance, drawing on examples from industry leaders, including Compleat Software, to show how AI-driven automation

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Accountants eye sustainable business management

Accounting Today

The Institute of Management Accountants released a report on why business sustainability depends on the competencies of management accountants.

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When Outsourcing Debt Collection Makes Sense for Your Business

Enterprise Recovery: Accounts Receivable

Following up on past-due invoices and delinquent accounts can be a full-time job. However, it is invaluable to your business's bottom line. If you're considering outsourcing debt collections or handling them in-house, this post can help clarify the benefits of outsourcing. Outsourcing B2B debt collection can transform your financial operations by bringing in expertise, reducing costs, and freeing up valuable internal resources.

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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

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On the move: KSM hires PE biz dev director

Accounting Today

KPMG International appoints global sector heads; Withum launches AI-focused website; and more news from across the profession.

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Beginning inventory definition

Accounting Tools

What is Beginning Inventory? Beginning inventory is the recorded cost of inventory in a company's accounting records at the start of an accounting period. The beginning inventory is the recorded cost of inventory at the end of the immediately preceding accounting period, which then carries forward into the start of the next accounting period. How to Calculate Beginning Inventory The easiest way to derive beginning inventory is to take the ending balance from the immediately preceding period - si

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Avoid Holiday Mail Delays, Get Paid Faster with ePayments 

AvidXchange

We’ve all likely experienced challenges with the mail at one time or another. Whether it was a lost package, a delayed delivery, or a stolen piece of mail, it can be frustrating and time-consuming to handle the fallout. Many businesses are starting to realize that trusting critical documents like check payments to arrive securely by mail may not be worth the risk.

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Tech news: Asset-Map announces 'relationship maps' and 'legal instruments' features

Accounting Today

Asset-Map announces 'relationship maps' and 'legal instruments' features; Taxbit launches platform for both traditional and digital finance; Mastercard releases business solution platform; and other news.

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Business Credit Card vs Debit Card

Fit Small Business

A business credit card allows you to make purchases on a credit line, which offers flexibility and the potential to build business credit and requires careful management to avoid debt and fees. On the other hand, a business debit card draws directly from your bank account, giving you spending control with no risk of debt. The post Business Credit Card vs Debit Card appeared first on Fit Small Business.

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Overtime pay calculation

Accounting Tools

What is Overtime Pay? Overtime pay is the premium pay that an employer must add to the base pay of a nonexempt employee on any hours worked over 40 hours in a work week. This premium is paid because the employee is being asked to work more hours than the standard work week, which is essentially cutting into the person’s free time. How to Calculate Overtime Pay Overtime is a 50% multiplier that is added to an employee’s base wage for hours worked over 40 hours in a work week.

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Live Demo - Supercharge your Month End Close

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

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Songs that might have been about tax avoidance

Accounting Fun

Maybe these were the original titles of popular songs: April 6th Showers Savin' All My Tax For Me VAT's love got to do with it? H.M.R.C (to the tune of Y.M.C.A) God Rest PAYE Merry Gentlemen TAX! Who is it good for? Absolutely not me!

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How U.S. SMEs Can Navigate Tax Law Changes in 2024

Outsourced Bookeeping

There are many uncertain circumstances that firms have to face during their functioning period. Among such circumstances, there can be changes in the economic world. Sometimes the governmental budgetary priorities change as well. With these alterations, tax laws are also changed or updated by the U.S. government. It is no new phenomenon. It happens every year and every small and medium-sized enterprise (SME) in the country must be prepared for this.

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What Should I Expect (And Not Expect) From My Accountant at CSI?

CSI Accounting & Payroll

If you’re looking into working with a monthly accounting service like CSI for your small business, you can expect many things to be taken off your plate. However, since a service isn’t in-house, they will need some insight from you.

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From Public Accounting to Fractional COO: Jen Hamilton on Strategy, Talent, and Success

Insightful Accountant

In this episode of the Accounting Insiders Podcast, host Gary DeHart sits down with Jen Hamilton, CEO of Hamilton COOs, to explore her journey from public accounting to becoming a fractional COO who helps many accounting firms.

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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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E-Invoicing Regulations: The Future of E-Invoicing

Tipalti

Understand e-invoicing regulations, compliance essentials, and global standards to streamline invoicing and tax reporting.

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9 Reasons Why You Shouldn’t Let Your Business Go Dormant 

Nolan Accounting Center

You may have dreamed and fought for years to start and grow your business. But now, you are facing the decision of whether or not to let your business go dormant. Here are a few things to consider if faced with this decision. What is a Dormant Business ? Companies in the U.S. can become dormant. In order for a company to be considered dormant, the business can not have sales, receive other forms of income, purchase of goods or services, employ staff, or buy, sell, or lease properties.

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E-Invoicing Software: Top Picks for European Markets

Tipalti

Discover top-rated e-invoicing software solutions that connect seamlessly to Peppol and lead the way in global e-invoicing adoption for European businesses.

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2025 Recruiting Trends: What HR Teams Need to Know

Fit Small Business

New recruiting trends are always emerging and bringing significant transformation to the world of work. The dynamics of the job market, technology, and societal changes are shaping the way organizations attract, select, and retain talent. Human Resources (HR) teams play a pivotal role in adapting to these changes and staying ahead in the competitive world.

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Your Accounting Expertise Will Only Get You So Far: What Really Matters

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. 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 (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). 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.

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E-Invoicing Explained: Save Time with Automation

Tipalti

Learn what e-invoicing is and how AP automation with electronic invoicing can transform business purchasing. Transform your European organisation today.

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8 Best Small Business Loans

Fit Small Business

The best small business loans will vary based on your specific business needs and circumstances, but I’ve compiled a list of the best lenders for several different categories. These lenders, listed below, specialize in things like providing excellent customer service, on-demand access to funds, flexibility of qualification requirements, fast funding speeds, and more.

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Effektives Ausgabenverwaltung mit Expense Management Software: Die 13 besten Tools auf einem Blick für 2024

Tipalti

Entdecken Sie die besten Tools für Expense Management Software und Spesenabrechnungen in 2024. Optimieren Sie Ihre Ausgabenverwerwaltung mit Tipalti, für Unternehmen jeder Größe und Branche!

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Top 10 HR Reports for Management

Fit Small Business

A human resources (HR) report is a comprehensive analysis of workforce-related data that presents key metrics and trends in a clear, actionable format. These reports provide executives and HR professionals with data-driven perspectives on various aspects of human capital management, such as talent acquisition, workforce planning, talent management, and compensation planning.

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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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Die besten Software-Tools für die Kreditorenbuchhaltung in 2024

Tipalti

Die Top-Software-Plattformen für die Kreditorenbuchhaltung im Jahr 2024 in der DACH-Region. In diesem Artikel zeigen wir Ihnen die beste Software für die Kreditorenbuchhaltung.

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Republican election sweep emboldens Trump's tax cut dreams

Accounting Today

The incoming GOP majorities in the House and Senate mean Trump can enact a tax bill without making concessions to Democrats.

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