Wed.Apr 26, 2023

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What impacts small business owner wellbeing?

Xero

The driving force for many small business owners when choosing to start their own businesses is to improve their lifestyle, but how does small business owner wellbeing actually fare? That’s what we set out to find out in our new report released today: The global state of small business owner wellbeing. Wellbeing gets a lot of attention, with no shortage of articles and reports telling us how we should be better balancing our lives.

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21 Microsoft Dynamics GP Blogs Worth Checking Out

Fidesic blog

Are you a Microsoft Dynamics GP user, consultant or enthusiast? In this post we are sharing a whole bunch of Microsoft Dynamics GP blogs. These are not ranked or in any particular order. We will include descriptions and links to all.

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Introducing Dynamic Prepay Amortization Tracking: Automatic Accounting for AWS Savings Plans and Reserved Instance Prepayment

ProsperOps

Simple, Automatic Amortization Tracking for Prepaid AWS Reserved Instances and Savings Plans AWS Reserved Instances (RIs) and Savings Plans (SPs) have three payment models: No Upfront : where you pay a discounted hourly rate over the term of the commitment, Partial Upfront : where you pay a portion (generally half) of the total value of the commitment upfront and the remaining portion hourly over the term, and All Upfront: where you pay the full amount of the commitment at the time of purchase W

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20 Microsoft Dynamics GP Blogs Worth Checking Out

Fidesic blog

Are you a Microsoft Dynamics GP user, consultant or enthusiast? In this post we are sharing a whole bunch of Microsoft Dynamics GP blogs. These are not ranked or in any particular order. We will include descriptions and links to all.

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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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9 Common Problems Businesses Have with Accountants

CSI Accounting & Payroll

Working with an accountant offers many benefits, but it can also create problems. If the relationship between your business and your accountant isn’t dynamic, it won’t be as constructive as it could be. Accountants aren’t known for their customer service skills. A lot of them would much rather deal with numbers than people, but you confide almost everything about your business to them, so they need to be someone you trust.

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What AI Will Automate In Accounting with Erica Goode, CPA

Cloud Accounting Podcast

FTX had 80,000 transactions in Ask My Accountant; the crazy cost accounting behind EY's failed breakup; using ChatGPT for financial statement analysis; what the tech world thinks AI will automate in accounting and more! LiveFlow - [link] Chapters (00:00) - CAP 329 (00:39) - PREVIEW: How ChatGPT saved Erica (01:09) - Introduction (07:48) - FTX had 80,000 transactions in Ask My Accountant (12:04) - Blake plays a clip from the All-In podcast on AI accounting (17:25) - ChatGPT vs real accountants an

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The difference between an audit, a review, and a compilation

Accounting Tools

Related Courses How to Conduct a Compilation Engagement How to Conduct a Review Engagement How to Conduct an Audit Engagement There are several key differences between an audit , a review , and compilation. Essentially, a compilation requires the auditor to simply present financial statements based on the representations made by management, with no effort to verify this information.

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You Asked: Will QuickBooks Desktop Be Discontinued? Why You Should Transfer to QuickBooks Online

CSI Accounting & Payroll

There are only so many quality accounting software options out there, so what are you supposed to do when you hear rumors that yours is being discontinued? Luckily, QuickBooks Desktop is just undergoing changes - not being discontinued. However, we recommend switching to its online version. Making a change of this size on any platform is easier said than done , especially when the provided support may not be enough.

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Types of discounts

Accounting Tools

Related Courses Bookkeeping Guidebook Revenue Management Revenue Recognition What are the Types of Sales Discounts? There are multiple types of discounts from sales that customers can earn. They are typically employed to either attract new customers, retain old ones, enhance financing options, or manage inventory levels. These discounts are noted below.

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Automating Loan Underwriting for Lending Companies

Nanonets

PDF → Excel Convert PDF bank statements to Excel  Try for Free In today's fast-paced business world, faster loan approvals and lending processes are a key goal both for lenders and people applying for loans. Lenders are therefore constantly seeking ways to improve their processes and increase efficiency. Automation can have a significant impact on this process—particularly the loan underwriting process.

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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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Fixed budget definition

Accounting Tools

Related Courses Budgeting Capital Budgeting What is a Fixed Budget? A fixed budget is a financial plan that is not modified for variations in actual activity. It is the most commonly-used type of budget, because it is easier to construct than a flexible budget. Disadvantages of Fixed Budgets Since most companies experience substantial variations from their expected activity levels over the period encompassed by a budget, the amounts in the budget are likely to diverge from actual results.

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Change and Attitude

Insightful Accountant

In a landscape defined by change, Profit First Professionals' Ron Saharyan explains how adapting your mindset is the move that matters.

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Returns inwards and returns outwards

Accounting Tools

Related Courses Accounting for Inventory How to Audit Inventory What are Returns Inwards and Returns Outwards? Returns inwards are goods returned to the selling entity by the customer , such as for warranty claims or outright returns of goods for a credit. For the customer, this results in the following accounting transaction: A debit (reduction) of accounts payable A credit (reduction) of purchased inventory Returns inwards do not necessarily result in a reduction of the cost of goods sold , si

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Solving My Time Tracking for Time Tracking Dilemma

Insightful Accountant

In an earlier article, Murph described the problem with time-tracking for time-tracking apps for QuickBooks Desktop if you're not interested in payroll. Now he tells us how he solved his problem.

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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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Quality Bookkeeping: Your First Line of Defense Against Fraud

Bookkeeping Express

Our blogs regularly detail how professional bookkeeping can help businesses survive and thrive beyond simply recording transactions and preparing tax filings, like driving profitability with financial reporting , forecasting cash flow , and optimizing your accounts receivable. But there’s another often overlooked benefit: rigorous, detailed bookkeeping inherently helps prevent opportunities for fraudulent activity and enables prompt detection of suspicious activity.

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Agricultural producer definition

Accounting Tools

Related Courses Accounting for Vineyards and Wineries Agricultural Accounting What is an Agricultural Producer? An agricultural producer is a rancher or farmer. These parties produce crops, or breed livestock, or feed livestock prior to slaughter through day-to-day labor and field operations. A producer can be further defined as a landlord, owner-operator, sharecropper or tenant that participates in the risks of production and is entitled to a share of the proceeds.

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FinOps Performance Benchmarking: Measuring Cost & Efficiency

Economize

FinOps benchmarking is an essential practice for organizations looking to maximize their cloud investment and achieve their strategic and organizational objectives. By adopting the best practices outlined in this article, organizations can effectively manage their cloud costs and drive long-term business success.

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Misstatement definition

Accounting Tools

Related Courses How to Conduct an Audit Engagement What is a Misstatement? A misstatement is the difference between the required amount, classification, presentation, or disclosure of a financial statement line item and what is actually reported in order to achieve a fair presentation, as per the applicable accounting framework. A misstatement could have been caused by an error in recording a transaction , or fraudulent activity.

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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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NACM Member Spotlight: Certified International Credit Professional

NACM

More and more credit professionals are based in or working with customers overseas. In order to keep up with the pace, credit professionals must expand their knowledge of international trade. Wesley Belleville, CCE, CICP, director of credit at Helena Agri-Enterprises, LLC (Collierville, TN) earned his CICP (Certified International Credit Profession.

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Asset valuation definition

Accounting Tools

Related Courses Business Valuation Fair Value Accounting What is Asset Valuation? Asset valuation is a process followed to derive the current value of an asset. This can be done in a variety of ways, such as deriving the price based on the sales of similar assets on the open market, or by calculating the present value of its future cash flows , or by compiling what it would cost to construct it from scratch.

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Accounting for film costs

Accounting Tools

Related Courses Entertainment Industry Accounting What are Film Costs? Film costs are the direct costs associated with physically producing a film, as well as allocations of production overhead and capitalized interest. Examples of these direct costs are cast compensation, post-production, set construction, sound synchronization, story costs, and wardrobe.

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Return on total capital definition

Accounting Tools

Related Courses Business Ratios Guidebook The Interpretation of Financial Statements What is the Return on Total Capital? The return on total capital measures the efficiency with which invested funds are used in a business. It compares the profitability of an organization to the aggregate amount of funds invested in it. The concept is most applicable to firms that use large amounts of debt in their capital structure.

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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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Raw materials inventory definition

Accounting Tools

Related Courses Accounting for Inventory How to Audit Inventory Inventory Management What is Raw Materials Inventory? Raw materials inventory is the total cost of all component parts currently in stock that have not yet been used in work-in-process or finished goods production. There are two subcategories of raw materials, which are: Direct materials.

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Overall deal definition

Accounting Tools

Related Courses Entertainment Industry Accounting What is an Overall Deal? An overall deal is an arrangement under which a film studio pays compensation to a producer in exchange for the use of that person's creative services. Under this arrangement, anything developed by the producer stays within the studio; it cannot be shopped elsewhere if the studio passes on further production or distribution of film concepts.

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Certified financial statement definition

Accounting Tools

Related Courses How to Conduct an Audit Engagement The Interpretation of Financial Statements What is a Certified Financial Statement? A certified financial statement is an income statement , balance sheet , and/or statement of cash flows that is issued along with an auditor’s report from a certified public accountant. In the audit report, the auditor attests to the accuracy of the financial statement.

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Clean surplus concept definition

Accounting Tools

What is the Clean Surplus Concept? The clean surplus concept states that equity -related gains and losses are not to be included in the income statement. Under this approach, changes in the fair value of assets and liabilities are included in earnings. The concept is used as an alternative to the use of discounted cash flows to determine the value of a corporation’s shares.

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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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Cash disbursement journal definition

Accounting Tools

Related Courses Bookkeeping Guidebook Payables Management What is the Cash Disbursement Journal? The cash disbursement journal is a detailed record of the cash payments made by a business. The journal itemizes when checks and other types of payments are made, as well as the amounts paid, the names of the recipients, and the accounts charged. This journal is a good source document for tracking down the specifics regarding individual payments.

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Call provision definition

Accounting Tools

Related Courses Accounting for Investments Corporate Finance GAAP Guidebook What is a Call Provision? A call provision is an option built into a bond indenture , allowing the issuer to redeem bonds prior to their scheduled maturity date. In exchange, the issuer pays a premium over the face value of the bonds. The issuer uses this provision when interest rates decline, so that it can re-issue new bonds that offer a lower interest rate.

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Accounting Principles Board definition

Accounting Tools

Related Courses GAAP Guidebook International Accounting What is the Accounting Principles Board? The Accounting Principles Board (APB) was a group that issued authoritative pronouncements about accounting theory and the practical application of accounting. The APB was organized and overseen by the American Institute of Public Accountants, and operated from 1959 to 1973.

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Flex budgeting definition

Accounting Tools

Related Courses Budgeting Capital Budgeting What is Flex Budgeting? A flexible budget, or “flex” budget varies with changes in the amount of actual revenue earned. In its simplest form, the flex budget will use percentages of revenue for certain expenses , rather than the usual fixed numbers. This approach results in better comparability of budgeted and actual results.

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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.