Mon.Nov 06, 2023

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Firms look at ways to attract young people to accounting

Accounting Today

Accounting firms need to pay more to bring young people into the profession, as starting salaries are still lagging compared to other fields, and they have to make other changes in how the job is structured.

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Xero welcomes new members to Aotearoa New Zealand’s Partner Advisory Council

Xero

Xero has the pleasure of welcoming seven new members to its new Xero Partner Advisory Council (XPAC). The XPAC has been reintroduced into Aotearoa and is made up of a diverse panel of accountants and bookkeepers who are both thought leaders and trailblazers for the needs of the sector. The latest members are as follows: Trudi Ballantyne – Director, Stem Rural Accountants Limited Louise Holmes – Director, Red Office Limited Manoli Aerakis – Managing Director, Malloch McClean T

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The ERC nightmare

Accounting Today

Lots of businesses have claimed the Employee Retention Credit who don't actually qualify for it — and in many cases it's going to be up to their accountants to set them right, says Randy Crabtree.

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Xero Beautiful Business Fund: Congratulations to our partner referral winners!

Xero

Wow – what an amazing response we’ve had to the Xero Beautiful Business Fund! There are truly some incredible small businesses out there in the world, and some wonderful accountants and bookkeepers who support them. Thank you to everyone that has applied, and for helping get the word out and encouraging small businesses to get involved. We’re pleased to announce the winners of our partner referral competition below: Visa card winners (drawn from those who had 1 – 9 referrals) Entrant

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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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Art of Accounting: Problems with accounts receivable besides collecting them

Accounting Today

Delaying a payment or not paying an invoice and letting amounts pile up are a way for a client to give voice to a problem with your services without causing an immediate confrontation.

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Xero Beautiful Business Fund: Congratulations to our partner referral winners!

Xero

Wow – what an amazing response we’ve had to the Xero Beautiful Business Fund! There are truly some incredible small businesses out there in the world, and some wonderful accountants and bookkeepers who support them. Thank you to everyone that has applied, and for helping get the word out and encouraging small businesses to get involved. We’re pleased to announce the winners of our partner referral competition below: Visa card winners (drawn from those who had 1 – 9 referrals) Entrant

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Bigger than Accounting: How Accountants Can Guide Clients to Financial Success this Holiday Season

Insightful Accountant

For most people, this time of year is synonymous with joy, festivities, and of course, holiday shopping. However, for business owners and individuals alike, it can also be a season of financial stress and anxiety.

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Ex-Fortis banker convicted over €51.5M Cum-Ex tax cheat

Accounting Today

A German banker was sentenced to three years and three months for his role in the international tax trading scandal.

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Future Forward: Niches, Trends, and Predictions of 2024 | December 5-6, 2023

Insightful Accountant

This is your chance to connect with your peers, find out the latest updates, and explore best practices and industry trends on December 5-6, 2023. The theme is Niches, Trends, and Predictions of 2024.

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Top 11 Inventory Software That Integrates With QuickBooks in 2023

Ace Cloud Hosting

Are you tired of manually tracking your inventory and reconciling it with your QuickBooks account? Look no further, as we present to you the best inventory software integrations for QuickBooks.

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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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The Traits of a Top ProAdvisor

Insightful Accountant

As we approach the opening of the 2024 ProAdvisor Awards process, I wanted to remember all candidates of what it takes to make it to the top. In 2021, Matt Fulton set-down the "right stuff" when it comes to being 'Best of the Best.

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The Implications of AI on Data Privacy and Security

Dext

Artificial intelligence (AI) has made its way across every corner of the business world, fundamentally altering the way we work. For accountants, this revolution brings along a host of advantages, from automated reports to real-time financial analytics. The allure is unmistakable.

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Intuit Report Reveals Consumer Shopping Holiday Predictions

Insightful Accountant

A new Intuit QuickBooks report unveils what might be one of the biggest consumer shopping trends for this holiday season: shopping small.

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Effortlessly generate IAM policies with AWS Access Analyzer

Economize

Security is paramount in AWS cloud services. Organizations rely on tight security for data privacy and to meet compliance regulations. IAM policies are at the heart of this, designed to give access based on the least privilege concept. They ensure only necessary users access critical data and resources.

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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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Problems Working With CSI Accounting & Payroll

CSI Accounting & Payroll

When small business owners are looking for new outsourced solutions, they want to know the good, the bad, and the ugly. At CSI Accounting & Payroll, we’ve welcomed client feedback for over 50 years. We especially welcome negative feedback because we’re skeptical of any business that has a perfect 5-star rating. We believe you should be skeptical, too.

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Seeking an Accounting Manager

Reconciled Solutions

Help our clients gain visibility and clarity to their financials so that they can grow, improve profits, and improve efficiency. The post Seeking an Accounting Manager appeared first on Reconciled Solutions.

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Tax Planning for Beginners: 6 Tax Strategies & Concepts To Know

Outsourced Bookeeping

Taxes are not an easy thing to tackle; especially for first-timers in the finance and business realm. Nonetheless, tax strategies are vital in prudent financial management, regardless of whether one is an individual taxpayer or a company proprietor. You should be able to understand your tax obligations in a way that you make decisions, which will reduce the tax liabilities and help in the realization of the financial objectives.

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Time-based management definition

Accounting Tools

Related Courses Activity-Based Management New Manager Guidebook What is Time-Based Management? Time-based management focuses on reducing the amount of time required to complete a process. The concept is most commonly employed in the production area, where time reduction eliminates labor and inventory holding costs, thereby making a company's products more cost -competitive.

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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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Eric Trump says in NY fraud trial he'd never sign inaccurate documents

Accounting Today

The son who helps run the former president's real estate business testified that financial documents sent by his father's company to Deutsche Bank were "accurate," even though a judge has already determined they were fraudulent.

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Fees earned definition

Accounting Tools

Related Courses Revenue Management Revenue Recognition What are Fees Earned? Fees earned is a revenue account that appears in the revenue section at the top of the income statement. It contains the fee revenue earned during a reporting period. The amount reported as fees earned would be the amount of cash received from customers during the reporting period, if the reporting entity is operating under the cash basis of accounting.

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Trump shouts at judge and lawyers in wild day on witness stand

Accounting Today

Trump acknowledged he had a hand in preparing the financial statements that valued his properties.

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Nested booking limit definition

Accounting Tools

Related Courses Revenue Management Revenue Recognition What is a Nested Booking Limit? A nested booking limit is a booking rule that allows full-priced reservations to intrude upon the capacity block that had been set aside for reservations at a lower price. Example of a Nested Booking Limit For example, an airline sets up a booking limit on a forthcoming flight, where 75 seats are priced at $100 each and 25 seats are priced at $200, with no refunds allowed for the $100 tickets.

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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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Bridge financing definition

Accounting Tools

Related Courses Corporate Cash Management Corporate Finance Treasurer’s Guidebook What is Bridge Financing? Bridge financing is any type of short-term financing arrangement used to keep a business solvent until it can arrange for longer-term financing. This financing is needed to fund a firm’s operational needs, usually in relation to its expected working capital requirements.

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Equity turnover definition

Accounting Tools

Related Courses Business Ratios Guidebook Financial Analysis The Interpretation of Financial Statements What is Equity Turnover? Equity turnover is a ratio that measures the proportion of a company's sales to its stockholders' equity. The intent of the measurement is to determine the efficiency with which management is using equity to generate revenue.

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Calendarization definition

Accounting Tools

Related Courses Budgeting What is Calendarization? Calendarization involves spreading the recognition of a transaction over more than one reporting period. This is usually done on a consistent basis over time. However, if the consumption of an expenditure is uneven over time, then the associated calendarization can be designed to charge it to expense in differing amounts per month to match the consumption level, such as half of the total amount in the first month and one quarter in each of the f

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Tax return position definition

Accounting Tools

Related Courses Ethics for Enrolled Agents Tax Research Techniques What is a Tax Return Position? A tax return position is reflected on a tax return on which an accountant has advised a taxpayer, or a position for which the accountant knows the relevant facts and, based on those facts, has decided whether the position taken is appropriate. The following points apply to the accountant who is developing a tax return position.

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Putting the ‘Tech’ in Spend Management Techniques

Speaker: Wayne Spivak, President and CFO of SBA * Consulting Ltd., Industry Writer, Public Speaker

If you’re lost in the world of spend management needs and your GAP analysis is lacking perspective on the future state of your business performance, listen up! With the advancement of technology, the implementation of spend management best practices and concrete GAP analyses is more streamlined and accessible than ever before. And while this may sound like great news for you and your clients, it won’t be worthwhile unless you have the latest techniques to back up your ambitions!

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Paperless accounting concepts

Accounting Tools

Related Courses Lean Accounting Guidebook New Controller Guidebook How Does Paperless Accounting Work? Paperless accounting involves transaction processing that is entirely electronic, with no paper involved in any business process. The intent is to streamline processes, reduce transaction error rates , and eliminate document storage. However, this is more of a concept than a reality in most organizations.

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Segment reporting definition

Accounting Tools

Related Courses Public Company Accounting and Finance Segment Reporting Essentials What is Segment Reporting? Segment reporting is the reporting of the operating segments of a company in the disclosures accompanying its financial statements. Segment reporting is required for publicly-held entities, and is not required for privately held ones. Segment reporting is intended to give information to investors and creditors regarding the financial results and position of the most important operating u

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Fair value option definition

Accounting Tools

Related Courses Fair Value Accounting What is the Fair Value Option? The fair value option is the alternative for a business to record its financial instruments at their fair values. GAAP allows this treatment for the following items: A financial asset or financial liability A firm commitment that only involves financial instruments A loan commitment An insurance contract where the insurer can pay a third party to provide goods or services in settlement, and where the contract is not a financial

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Earnings before taxes definition

Accounting Tools

Related Courses The Income Statement What are Earnings Before Taxes? Earnings before taxes is a measure of the earnings generated by a business before making any tax payments to the government. This measure includes the results of both operations and any financing activities, such as the cost of debt , and so is a good measure of the aggregate results of a business.

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Book of Secrets for the Month-End Close

Developing a consistent month-end close doesn’t need to be a mystery. We’re sharing our top 10 secrets (plus one bonus!) for streamlining your close.