Thu.Sep 07, 2023

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Meet the 2023 Best Midsized and Large Firms to Work For

Accounting Today

An introduction to the members of Accounting Today's annual ranking of the top workplaces in the profession.

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7 Tips for Navigating Budget Season

Accounting Department

Budgeting is a vital process that enables small and medium-sized businesses to effectively allocate resources, plan for the future, and achieve financial stability. However, navigating the budgeting process can be challenging without a clear roadmap.

Budgeting 278
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Meet the 2023 Best Small Firms to Work For

Accounting Today

An introduction to the members of Accounting Today's annual ranking of the top workplaces in the profession.

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Intuit Ups QuickBooks Payments Rates for QBO Users

Insightful Accountant

Intuit increased QuickBooks Payments rates for QuickBooks Desktop users this past June. Now, it is making increases for Payments Customers using QBO effective in October.

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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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IRS employees face taxpayer threats and assaults

Accounting Today

The IRS needed to respond to nearly 800 employee reports of assaults and threats in recent years, according to a new report.

Tax 328
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Switching to a Paperless Invoice Approval System

MineralTree

Accounts payable (AP) teams have long struggled with manual invoice approvals that involve chasing down signatures and slogging through mountains of paperwork. But in today’s increasingly digital business world, many AP teams are turning to automation to enhance their workflows — and the invoice approval process is no exception. To boost efficiency, reduce the risk of human error, and tackle challenges like remote work arrangements, 71% of AP teams have automated their invoice approval workflows

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Is accounts receivable an asset or revenue?

Accounting Tools

Related Courses Bookkeeping Guidebook How to Audit Receivables New Controller Guidebook Accounts receivable is the amount owed to a seller by a customer. As such, it is an asset , since it is convertible to cash on a future date. Accounts receivable is listed as a current asset on the balance sheet , since it is usually convertible into cash in less than one year.

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Deloitte grows global revenue 14.9%

Accounting Today

Revenue from consulting services grew at the fastest pace at 19.1%, followed by risk advisory, and audit and assurance.

Auditing 306
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Classified balance sheet

Accounting Tools

Related Courses The Balance Sheet The Interpretation of Financial Statements What is a Classified Balance Sheet? A classified balance sheet presents information about an entity's assets , liabilities , and shareholders' equity that is aggregated (or "classified") into subcategories of accounts. It is extremely useful to include classifications, since information is then organized into a format that is more readable than a simple listing of all the accounts that comprise a balance sheet.

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GASB plans guidance on subsequent events

Accounting Today

The board added a project to deal with issues related to subsequent events for state and local governments.

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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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Retained earnings formula definition

Accounting Tools

Related Courses The Balance Sheet The Income Statement The Interpretation of Financial Statements What is the Retained Earnings Formula? The retained earnings formula is a calculation that derives the balance in the retained earnings account as of the end of a reporting period. Retained earnings is that portion of the profits of a business that have not been distributed to shareholders ; instead, it is retained for investments in working capital and/or fixed assets , as well as to pay down any l

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What the SEC's new data rules mean for accounting

Accounting Today

High-quality access logs and data access auditing capabilities bring much of the reporting information companies need to get their arms around a data breach.

Auditing 204
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Cost of goods manufactured schedule

Accounting Tools

Related Courses Accounting for Inventory Cost Accounting Fundamentals How to Audit Inventory What is a Cost of Goods Manufactured Schedule? The cost of goods manufactured schedule is used to calculate the cost of all items produced during a reporting period. The total derived from this schedule is then used to calculate the cost of goods sold. It is primarily used in financial accounting , as part of the process of compiling the financial statements.

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FASAB proposes to update MD&A for federal accounting

Accounting Today

The Federal Accounting Standards Advisory Board wants to improve the guidance for the management's discussion and analysis section of reports by federal agencies.

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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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Income summary account

Accounting Tools

Related Courses Closing the Books The Soft Close The Year-End Close What is the Income Summary Account? The income summary account is a temporary account into which all income statement revenue and expense accounts are transferred at the end of an accounting period. The net amount transferred into the income summary account equals the net profit or net loss that the business incurred during the period.

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John Roman on the Digital Transformation Journey

Insightful Accountant

No matter what size your firm is, keeping in step with technology is critical. Insightful Accountant's Gary DeHart and The Bonadio Group's John Roman explain why in this episode of Accounting Insiders.

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Notes payable definition

Accounting Tools

Related Courses How to Audit Liabilities The Balance Sheet What are Notes Payable? A note payable is a written promissory note. Under this agreement, a borrower obtains a specific amount of money from a lender and promises to pay it back with interest over a predetermined time period. The interest rate may be fixed over the life of the note, or vary in conjunction with the interest rate charged by the lender to its best customers (known as the prime rate ).

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Audits Under Fire: Ex-Big Four Partner Responds to Criticisms

Cloud Accounting Podcast

Join us for an in-depth conversation with Jerry Maginnis, a retired Big Four audit partner, about the value and criticisms of financial statement audits. Jerry draws on his decades of experience auditing public companies to respond to issues around audit quality, staff work conditions, complexity in accounting standards, and whether audits truly protect investors.

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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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Cash flow statement indirect method

Accounting Tools

Related Courses The Statement of Cash Flows What is the Cash Flow Statement Indirect Method? The indirect method for the preparation of the statement of cash flows involves the adjustment of net income with changes in balance sheet accounts to arrive at the amount of cash generated by operating activities. The statement of cash flows is one of the components of a company's set of financial statements , and is used to reveal the sources and uses of cash by a business.

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Feeling the Impact

Insightful Accountant

New Xero study shows that nearly half of small businesses feel the impact of inflation on their cash flow. Here's a snapshot of the report.

XERO 64
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Accounting specialists Azets and Dext combine forces to spearhead technology adoption

Dext

The strategic partnership will drive the digitalisation of accounting workflows Azets, the UK outsourcing, compliance and advisory group, has today announced its strategic partnership with cloud accounting platform provider Dext to underpin and support the implementation of its Digital strategy. Dext and Azets share a common goal of digitising the accounting workflow.

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Executives Say Economic Outlook is Looking Up

Insightful Accountant

According to a AICPA & CIMA survey, as recession fears fade, the outlook on the US economy is showing signs of brightness. Check out the some of the details.

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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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Buying a Small Business? Why You Need a Monthly Accountant on Your Team

CSI Accounting & Payroll

Buying a small business is a huge step, even if you already own a business. That’s why it’s important for you to form the right team to help with the process. One critical team member to consider is a monthly accountant. Not only are they necessary for the buying process, but they can provide invaluable financial insights to help you make informed decisions and avoid costly mistakes.

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Launching a business? Ask yourself these 9 questions

Ontrack Bookkeeping

Starting a new business can be incredibly exciting, the passion for what you are wanting to achieve driving you forward. It is important to thoroughly evaluate your business idea before taking the plunge to ensure you’re creating a sustainable and successful venture. To get started, here are 9 questions to consider as part of an overall evaluation process.

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What is accounts payable automation: How to implement AP automation in your business

Plooto

The accounts payable (AP) process can give even the most experienced AP departments a headache. With overflows of paper invoices, likelihood of human error, and loads of data entry, the AP process can suck up precious time.

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Difference Between Standard DSO vs Best Possible DSO

Gaviti

Days sale outstanding is one of the most widely used criteria for judging the effectiveness of your accounts receivable strategy. It also paints a picture of the health of your company. Most business managers use the standard DSO when running the calculations, but it is also possible to calculate the best DSO. So, what is the difference and why does it matter?

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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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Risk-adjusted discount rate definition

Accounting Tools

Related Courses Corporate Finance Financial Analysis Treasurer's Guidebook What is the Risk-Adjusted Discount Rate? The risk-adjusted discount rate is based on the risk-free rate and a risk premium. The risk premium is derived from the perceived level of risk associated with a stream of cash flows for which the discount rate will be used to arrive at a net present value.

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Prosecutor seeks to indict Hunter Biden in September

Accounting Today

The tax charges could be brought in Washington, D.C., or in California because that's where the crimes allegedly occurred.

Tax 182
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Accountant definition

Accounting Tools

Related Courses Accountants' Guidebook Bookkeeping Guidebook New Controller Guidebook What is an Accountant? An accountant is a person who engages in accounting activities. These activities include the preparation of financial statements and tax returns , setting up accounting processes, and analyzing costs. The position is considered to be more advanced than the work conducted by a bookkeeper , and so usually calls for the completion of a four-year undergraduate degree in accounting.

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Above the line definition

Accounting Tools

Related Courses The Income Statement The Interpretation of Financial Statements What is Above the Line? Above the line refers to all revenue generated and expenses incurred by a business that have a direct impact on reported profits. In effect, the term includes all activity reported on an organization's income statement. The term does not refer to other activity that only impacts the financing or cash flows of the business.

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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.