Fri.Mar 31, 2023

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Takeaways from the 4th Annual Intuit Trans+ Summit

Intuit

Over the past few years, diversity has been front and center for many corporations. However, that’s not enough–diversity can’t stand on its own. At Intuit, we continue to strive for a diverse, equitable, and inclusive workforce that empowers employees–both in and outside of Intuit, who identify as transgender or nonbinary. Held on March 14, 2023, the 4th annual Intuit Trans+ Summit shined a light on intersectional transgender and nonbinary experiences for the tech community at large.

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6 Benefits of Automating Your Accounts Payable Process

Compleatable

Automating the accounts payable process can bring numerous benefits to organizations of all sizes, including increased efficiency, improved accuracy, and reduced costs. In this blog post, we will discuss these benefits in more detail and explain how automating accounts payable can help your business save time and money. Increased Efficiency By automating the accounts payable process, companies can significantly reduce the amount of time and effort required to process invoices.

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Is a Four-Day Workweek Right for Your Business?

Enterprise Recovery: Accounts Receivable

The results are in. After a 6-month trial of over 60 companies in the United Kingdom, nearly every company in the pilot study has chosen to continue a four-day workweek. Company revenue stayed roughly the same during the trial but showed a 35% increase compared to similar periods in previous years. Most importantly, employee turnover was reduced by 57% with reports of improved well-being, better work-life balance, and reduced stress.

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Accounting Best Practices

Tipalti

Learn how to effectively manage your finances and improve profitability for your business with this guide to essential accounting best practices.

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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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5 Ways You Can Optimize Your Restaurant Accounting in 2023

Outsourced Bookeeping

Restaurants operate in a highly-competitive and ever-changing market. Add this to staffing challenges, ever-shifting food trends, customer preferences and daunting regulatory environment – a restaurant could be the most dynamic among all the business. Even when all the above challenges are successfully overcome, a restaurant owner may still fin fit difficult to successfully run the business without right accounting and financial management. 5 Ways You Can Optimize Your Restaurant Accounting in 2

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CPQ Features for SaaS Companies

Billing Platform

Some have said configure-price-quote (CPQ) software is overkill for software-as-a-service (SaaS) companies. They maintain the solutions offered by SaaS organizations aren’t complex enough to warrant CPQ, but this thought process is rapidly changing. Forward-thinking organizations recognize the need of CPQ software within SaaS businesses – both small and enterprises.

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Accounting Software for Midsize Business

Tipalti

Looking to increase efficiency and cut costs for your accounting and bookkeeping processes in 2023? Review our lineup of top-rated accounting software for midsize businesses.

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Revolutionizing Small Business Retirement Plans: What You Need to Know About SECURE Act 2.0

CSI Accounting & Payroll

Retirement plans are great employee recruitment and retention tools, but many small business owners find them to be unaffordable even if they’re considered part of the norm for your industry. Luckily, the original SECURE Act created significant tax benefits for small businesses, and the SECURE 2.0 (passed in December 2022) expands on these incentives.

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2023 OrangeHRM Review: Pricing, Features & Alternatives

Fit Small Business

OrangeHRM is a complete HR software that takes your employees from onboarding to offboarding. It even has job posting capabilities and an applicant tracking system (ATS). The free plan is remarkably complete, including even performance management tools—something not often seen in freeware. Users say it’s easy to use and good for startups and larger companies.

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7 Best Practices for GCP Cloud Cost Management

Economize

Manage & monitor your GCP costs with these 7 best practices and optimize your resource allocation for significant cost savings.

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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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15 BEST Forecasting Tools Every Finance Team Needs In 2023

CloudZero

In financial forecasting, looking at the past helps predict what's possible in the future. You can plan ahead, take informed action, and avoid losing your market advantage.

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How To Claim the Tax Credit for Hiring Felons in 2023

Fit Small Business

Employers who hire felons can save money on their federal income taxes through a general business credit called the Work Opportunity Tax Credit (WOTC). The nonrefundable tax credit is worth up to 40% of the first $6,000 paid in wages. If you’re eligible, then you can use this tax credit until it runs out on. The post How To Claim the Tax Credit for Hiring Felons in 2023 appeared first on Fit Small Business.

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Now that's what I call 'tax advice'

Accounting Fun

Many years ago I spoke at a large ACCA meeting at the Fairfield Halls in Croydon. Just before I was introduced, Steve, an eagle eyed accountant asked me about the third set of initials after my name on the title slide projected on the screen. After my FCA and CTA (Fellow) I had included MMC. I explained this was a bit of fun as they are the designatory letters for members of The Magic Circle (and, yes, I am a member).

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6 Ways To Save Money on Business Insurance in 2023

Fit Small Business

Small business owners need insurance to protect their businesses but also need to protect the bottom line. The good news is it’s possible to find quality coverage at an affordable price. Start by identifying the right policies for your business and bundling any of those coverages. Then, compare providers’ offerings and look for any discounts. The post 6 Ways To Save Money on Business Insurance in 2023 appeared first on Fit Small Business.

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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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Under accrual definition

Accounting Tools

Related Courses Bookkeeping Guidebook Closing the Books The Year-End Close What is an Under Accrual? An under accrual is a situation in which the estimated amount of an accrual journal entry is too low. This scenario can arise for an accrual of either revenue or expense. Thus, an under accrual of an expense will result in more profit in the period in which the entry is recorded, while an under accrual of revenue will result in less profit in the period in which the entry is recorded.

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Allowance for credit losses definition

Accounting Tools

Related Courses Credit and Collection Guidebook GAAP Guidebook What is the Allowance for Credit Losses? The allowance for credit losses is a reserve for the estimated amount of loans that a lender will not collect from its borrowers. When a lender issues loans, there is a chance that some portion of the resulting loans receivable will not be collected.

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Minimum guarantee definition

Accounting Tools

Related Courses Entertainment Industry Accounting What is a Minimum Guarantee? A minimum guarantee is an advance payment made by a licensee to a licensor for the right to sell or distribute music or films. If the product linked to a guarantee sells better than expected, the licensee will be obligated to make additional royalty payments to the licensor.

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Crop development costs

Accounting Tools

Related Courses Accounting for Vineyards and Wineries Agricultural Accounting What are Crop Development Costs? Crop development costs are those costs incurred until the time when crops are produced in commercial quantities. These costs include the costs of land preparation, plants, planting, fertilization, grafting, pruning, equipment use, and irrigation.

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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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Affiliated entity definition

Accounting Tools

What is an Affiliated Entity? An affiliated entity is an organization that directly or indirectly controls another entity, or is directly or indirectly controlled by another entity, or which is under common control alongside another entity. Thus, an affiliated entity could be a parent company or a subsidiary company. The concept of control is considered to imply that one has the ability to alter the direction of management policies.

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Written representations definition

Accounting Tools

Related Courses How to Conduct a Compilation Engagement How to Conduct a Review Engagement How to Conduct an Audit Engagement What are Written Representations? Written representations are statements made by client management, confirming certain topics or supporting audit evidence. These representations are needed by the auditor as supporting evidence in an audit engagement , since management acknowledges its responsibilities in certain areas and attests to various issues.

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Accretive acquisition definition

Accounting Tools

Related Courses Business Combinations and Consolidations Divestitures and Spin-Offs Mergers and Acquisitions What is an Accretive Acquisition? An accretive acquisition is one that increases the earnings per share of the acquirer. This is accomplished by offering a lower price for the acquiree than the earnings that the acquiree will contribute to the combined entity.

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