Thu.Mar 21, 2024

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SEC charges advisors over misleading AI claims

Accounting Today

The Securities and Exchange Commission has charged two separate investment advisors for severely overstating their use of AI and machine learning for financial advice.

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To franchise or not to franchise: What should a business consider before taking the leap?

Xero

Dive into the world of franchising in this Q&A with Lime Licensing ’s CEO, Andy Cheetham, as he shares his expertise, insights, and advice for businesses looking to franchise. How can a business determine if its model is suitable for franchising? Franchising is all about replication. If your current business can create a clone of itself in another location then it’s likely that your clone could be a franchise, provided it can be profitable of course!

XERO 294
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Lawmakers question Biden budget proposals as tax experts plan ahead

Accounting Today

The Senate Finance Committee held a hearing to discuss the Biden administration's recently unveiled budget and tax proposals, as tax experts try to predict what will happen after the election.

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Maximizing Financial Operations with Outsourced FP&A

Accounting Department

This comprehensive guide illuminates the value proposition that outsourcing Financial Planning and Analysis can offer to small and medium-sized businesses.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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Deadline looms Friday for ERC voluntary disclosure program

Accounting Today

The Internal Revenue Service is urging businesses that have filed claims for the Employee Retention Credit to make sure they didn't incorrectly claim the credit and to come forward if they did.

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Key 2024 Changes to the FinOps Framework

FinOps Foundation

Key Insight: The FinOps Framework has been updated to reflect the present-day practice of FinOps and to better align activities with best practices that maximize the business value of cloud. The 2024 revisions include updates to the definition of FinOps, changes to simplify the Framework organization, improvements to the Domain and Capability names, and an augmented set of Personas and Capabilities that are central to modern FinOps practices.

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How to select an Accounts Receivable Automation solution

Cevinio

Transform your Accounts Receivable processes with the right automation solution. Learn how to choose the best AR automation tool to boost efficiency, accelerate payments, and optimize cash flow.

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The changing role of the CFO

Accounting Today

The modern chief financial officer is increasingly tasked with risk management, including identifying and mitigating various risks such as cyberthreats and regulatory compliance issues.

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Beyond Survival: Transforming the Busy Season with AI and Proactive Strategies

Insightful Accountant

Contributing Author Katie Thomas, CPA shows you how you can not only make it through "the busy season' by help future-proof your firm by adopting AI and proactive strategies.

CPA 105
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Mike Lynch jury told of staff fired after raising red flags

Accounting Today

A former employee of U.K. tech mogul Mike Lynch's Autonomy Corp. told jurors at his U.S. criminal trial that she and one of her higher-ups were both fired after flagging concerns about accounting irregularities.

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Predictions You Can Rely On: How Data Drives Successful Financial Forecasting

Speaker: Robbie Bhathal, Founder & CEO, and Matthew Acalin, Head of Credit Intelligence

In today's volatile financial environment, how confident are you in your company’s financial forecasting? To get the most accurate cash predictions that will lead to long-term financial survival, real-time data is critical. Innovative cash management strategies can lead to better credit opportunities, more sustainable growth, and long-term financial prosperity.

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Beyond Survival: Transforming the Busy Season with AI and Proactive Strategies

Insightful Accountant

Contributing Author Katie Thomas, CPA shows you how you can not only make it through "the busy season' by help future-proof your firm by adopting AI and proactive strategies.

CPA 94
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FASB clarifies guidance on profits interest awards

Accounting Today

Businesses will get help determining whether profits interest and similar awards should be accounted for as share-based payment arrangements.

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Top 7 Benefits of UltraTax Cloud Hosting You Cannot Ignore in [2024]

Ace Cloud Hosting

UltraTax CS by Thomson Reuters is a popular tax preparation and filing software with advanced features. However, with a local UltraTax setup, you get limited data accessibility. You get stuck.

Tax 90
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Balance Daily Life Coaching Might Just Be For You

Insightful Accountant

We've all heard of 'life coaches', but a CPA turned Life Coach who specializes in coaching CPAs to "bring a sense of calm to their lives" WOW!

CPA 88
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Your New & Improved Month-End Close Process Is Not So Far Out of Reach!

All accounting teams know what it is like to dread the inevitable month-end scaries. If there was a way to feel less burdened and maybe even a little enthusiastic to work on your month-end close and reconciliation process, would you do it? No, don't answer that, of course you would! Automate your month-end close process by up to 40% with SkyStem's ART and see how much more alive you feel!

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Top Remote Accountants for Hire | March 21, 2024

accountingfly

Remote Accounting Candidates This Week Are you struggling to hire remote accountants? Accountingfly is ready to partner with you. With Always-On Recruiting , you can gain full access to a pool of highly skilled and experienced remote accountants. Plus, there’s no up-front cost! Below is a small selection of our available top accounting candidates this week.

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5 Effective Strategies for Getting Clients to Pay Invoices on Time

Enterprise Recovery

Are you finding it challenging to get your clients to pay their invoices on time? Delays can be frustrating, impacting your cash flow and potentially causing financial strain. Several effective strategies can be implemented to streamline your payment process and ensure timely payments from your clients. Check out these five effective strategies to improve your payment process and boost your cash flow.

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Chris Sabby and John Witherspoon from Drake Software on Enhancing Customer Experience & Security Standards

Insightful Accountant

Gary Dehart discusses Drake Software products with John and Chris. John manages Drake Portals, Chris handles Drake Pay. Both focus on customer satisfaction and product improvement through feedback and tech team collaboration.

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How to Accept Check Payments Online

Plooto

Paper checks add extra manual processes to your financial management, creating time wasted on tedious tasks. Luckily, eChecks are an option you can implement that offers more convenience than paper checks.

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The Definitive Guide to Spend Management

The status quo for AP in small and mid-market companies is broken. It consists of messy tech stacks of siloed solutions that give rise to manual work, a lack of control, wasted spend, and unnecessary risks. The benefits of shifting to spend management are tangible, measurable, and are felt across the whole organization. Spend management is a different way of thinking and an innovation whose time has come.

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How to edit scanned documents: 6 quick ways

Nanonets

Scanning paper documents is an essential step in digitization. With  more than half  of small businesses still relying on paper records, you will likely have a stack of receipts, invoices, and contracts you need to scan. But what happens when you need to change those documents after scanning them? Whether it's redacting sensitive information, merging files, or converting formats, sometimes you may need to edit your scanned documents.

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Banks Will Fail & Listener Mail

Cloud Accounting Podcast

Blake and David start with a discussion on Federal Reserve Chairman Jerome Powell's testimony regarding the failure of small and mid-sized banks due to exposure to the commercial real estate sector. They also get into Minnesota's CPA licensure bill for 150-hour requirement alternatives and KPMG's audit findings on the Department of Education and the cost of the federal student loan program.

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What Are Common Accounts Receivable Challenges?

oAppsNet

In business finance, accounts receivable management is critical to financial stability and growth. However, despite its importance, businesses often need help with many challenges. From late payments to invoice disputes and inefficient billing processes, navigating the complexities of accounts receivable management requires finesse and strategic planning.

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Yellen hearing foreshadows tax policy battle as cuts expire

Accounting Today

Treasury Secretary Janet Yellen testified Thursday at a congressional hearing that presaged a partisan battle over tax policy in the coming election, with sweeping reductions set to expire at the end of next year.

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Navigating Financial Storms: Strategies for Building Resilient Balance Sheets

Speaker: Carolina Aponte - Owner and CEO, Caja Holdings LLC

In today's rapidly changing business environment, building a resilient balance sheet is crucial to the survival of any business. A resilient balance sheet allows a company to withstand financial shocks and adapt to changing market conditions. To achieve this, companies need to focus on key strategies such as maintaining adequate liquidity, managing debt levels, diversifying revenue streams, and prioritizing profitability over growth.

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Common SSIC Codes Requiring Licenses

Counto

Common SSIC Codes Requiring Licenses Setting up a company in Singapore? You’ve likely encountered SSIC codes. These codes hold significant weight, shaping your regulatory path in various industries. We’ve put together a guide to help you in determining if you’ll need any extra licenses or permits before launching your operations, based on the SSIC code you’ve selected.