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The Internal Revenue Service is allowing tax practitioners to see their client's tax information, including balance due amounts, as well as withdraw from their active authorizations online in real time.
Ed. note: enjoy some wisdom from a profession OG in this guest post from Blake Oliver. TLDR: Patience, intellectual curiosity, soft skills, and time management will take you far. Most importantly, advocate for yourself. Different generations in the workforce often struggle to understand each other. But experts say one thing that young professionals can do, including young accountants, is to be more patient.
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.
Toronto, ON – September 29, 2023 FundThrough is pleased to announce it placed No. 166 on the 2023 Report on Business ranking of Canada’s Top Growing Companies. Canada’s Top Growing Companies ranks Canadian companies on three-year revenue growth. FundThrough earned its spot with three-year growth of 291%. With FundThrough’s technology-powered invoice funding platform, businesses control […] The post FundThrough places No, 166 on The Globe and Mail’s fifth-annual ranking of Canada̵
What is an Advance from Customer? Advance from customer is a liability account , in which is stored all payments from customers for goods or services that have not yet been delivered. Once the related goods or services have been delivered, the amount in this account is shifted to a revenue account. Classification of the Advance from Customer Account The advance from customer account is typically considered a short-term liability account, since the amounts stored in it are usually settled within
The Internal Revenue Service issued guidance Friday saying a redemption of shares in a money market fund won't be treated as part of a wash sale, which would subject it to taxes.
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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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Ben Richmond, Xero's Country Manager for the United States, joins us to discuss new Xero product features like improved inventory management and AI integration, plans for the upcoming XeroCon 2024 conference, the future of the accounting profession, and Xero's sponsorship of the FIFA Women's World Cup. Ben provides an insider's look into Xero's roadmap and vision for transforming accounting with technology. (00:00) - Intro and XeroCon Conference Plans (02:15) - New Xero Product Features (07:15)
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.
You'd never guess it by his rapper appearance, but my recent podcast guest, Scott Scarano , is a highly successful accounting firm owner. When I first met Scott, I honestly did not take him for a firm owner. Between the hat, chain, and lack of a typical "accountant look," I assumed he was just another of Michael Ly's eclectic connections. But I was so, so wrong.
Scaling your firm and getting more clients can result in a busy tax season, which is good for your top line. However, without the proper workflow structures to manage your expanding client base, you can wind up with constant bottlenecks and a hectic start to the year. For many CPA firms, tax preparers, and accountants, creating a detailed tax preparation workflow helps keep their teams on track while also letting them uncover new opportunities for enhancing client satisfaction.
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.
Jerry Maginnis has over 40 years of experience in the accounting profession. In this episode, he shares his journey from college student to managing partner at KPMG, offering advice to young accountants on how to build a successful career. Jerry emphasizes the importance of soft skills like communication, empathy, and relationship-building, arguing that technical expertise alone is not enough.
When developing and deploying applications on Google Cloud, one of the critical decisions you’ll face is choosing the right platform for hosting your applications. Google Cloud offers two primary options for hosting web applications: App Engine Standard and App Engine Flexible. Each has its strengths and is suitable for specific use cases.
Unleashing Innovation at Becker’s 2023 Health IT + Digital Health + RCM Annual Meeting Home / September 20, 2023 The Windy City is about to get a gust of transformative ideas as Becker’s 2023 Health IT + Digital Health + RCM Annual Meeting blows into Chicago. And if you’re passionate about ensuring the success of your healthcare organization in these fast-paced times, this is the place to be!
According to the American Productivity and Quality Center (APQC), the world’s top performing organizations receive an invoice and schedule payment in 2.8 days or faster. But bottom-performing organizations take a week or more, and this metric—the cycle time between receiving invoices and making payments—is reflective of how efficient a company’s Accounts Payable (AP) process is.
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
Maintaining a healthy cash flow is imperative for every competitive business firm. Working with a healthy capital amount allows a business to invest more efficiently and also clear out debts and payments on time. However, achieving this aspect can be more complicated than it seems. Operating in the present commercial space, there is always an issue with delayed payment that cripples a business’ ability to achieve its financial goals.
Enhance your organisational efficacy with practical application of the right key performance indicators! Peter Drucker once said, “If you don’t measure it, you can’t improve it.” Tracking the performance of the Accounts Payable department of your company requires way more effort than just tracking the number of invoices that are past their due date!
Many have relied on Canopy as their accounting project management solution to streamline their firm’s financial operations. In this review, let’s find out what sets Canopy apart from the others, spotlighting its functionalities, benefits, drawbacks, and more. Let’s get into it! Table of Contents What is Canopy Accounting Software? Canopy Accounting Software Features Canopy Accounting Software Pricing Canopy Accounting Software Alternatives What is Canopy Accounting Software?
An accountant is sitting alone in a country pub sipping a beer and reviewing some accounts which he has out on the table in front of him. A bunch of bikers roar up to the pub and when then go inside they immediately begin harassing the accountant. He tries to ignore them as they insult him and make fun of his glasses, the accounts and the fact that he isn't responding to their taunts.
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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? On today's episode of Extra Credit: A recent eNews poll revealed that one quarter of credit professionals use ChatGPT in some capacity for their work. Hear about the advantages and disadvantages of using ChatGPT in the credit department.⭐ Hear from Justin Cowart; Elliot Jenneman, Alejandro Ojeda-Nonzioli; and Marty Smith!
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The former vice president said his former running mate's proposal for a 10% universal tariff would cost U.S. jobs and worsen inflation for American families.
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