Tue.Apr 11, 2023

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Work from anywhere with these new updates to our Xero apps

Xero

Gone are the days when you need to sit at the desk to get those pesky admin jobs done. With our suite of mobile apps, you have real-time information about your business or practice at your fingertips, and can tick off those smaller tasks on the go. We’ve recently dialled up enhancements to our mobile apps, making it easier than ever to work from anywhere.

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5 Advantages of AP Automation with Workday Financial Management

Ascend Software blog

As businesses grow and expand, their financial processes become increasingly complex and time-consuming. To keep up with the demands of day-to-day operations, many organizations turn to Enterprise Resource Planning (ERP) systems like Workday Financial Management to manage their financial data.

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From Seed to Sale

Insightful Accountant

RCReports' Paul S. Hamann takes a deep dive into calculating Reasonable Compensation for today's growing cannabis businesses.

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Global ACH and IAT

Tipalti

Are international ACH transactions (IATs) the best global payment method? Learn how global ACH works and how it differs from international ACH transfers.

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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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The QuickBooks Online App for Windows and Mac Users

Insightful Accountant

The new app for Windows and Mac Users offers innovative navigation and enhancements to transition workflows for migrating desktop users.

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When Is the Best Time to Hire an Accountant for a Small Business?

CSI Accounting & Payroll

For many small business owners, having a trusted accountant by your side can feel like a great burden has been lifted off your shoulders. The right accountant can help you stay on top of deadlines and provide expert financial advice. However, many business owners wait to hire an accountant until after an issue arises, such as falling behind on taxes, filing for an extension, or becoming swamped with bookkeeping or payroll tasks.

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Payment Service Provider

Tipalti

A payment service provider makes it possible for merchants to set up ecommerce and accept online payments.

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General and administrative expense definition

Accounting Tools

Related Courses The Income Statement The Interpretation of Financial Statements What is General and Administrative Expense? General and administrative expense is those expenditures required to administer a business. These expenses are not related to the construction or sale of goods or services. Another way of describing general and administrative expenses is any expense that will still be incurred, even in the absence of any sales or selling activity.

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How loan automation can improve loan origination and overall operational efficiency

Nanonets

The loan origination process has historically been a complex and time-consuming endeavor for both commercial lenders and borrowers. But in recent years, advancements in technology have paved the way for digitizing this process, which has revolutionized the lending industry by streamlining processes and improving operational efficiency. A report by McKinsey states that by embracing digital lending processes, leading banks have brought down the “time to yes” from weeks to minutes, an

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Quick ratio analysis

Accounting Tools

Related Courses Business Ratios Guidebook Financial Analysis The Interpretation of Financial Statements What is Quick Ratio Analysis? Quick ratio analysis is used to examine the ability of a business to pay its bills. In essence, any quick ratio of 2:1 or better shows that a company is likely able to pay its short-term obligations. This is an essential analysis for lenders and creditors , who will not extend credit unless they believe they will be paid back on time.

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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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Are Banks Safer Than We Think?

Insightful Accountant

Believe it or not, the collapse of SVB and Signature revealed that the US banking system is resilient. The Customer Obsession Advantage's Marbue Brown explains.

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Carriage inwards and carriage outwards

Accounting Tools

Related Courses Accounting for Freight Carriage refers to the cost of transporting goods into a business from a supplier , as well as the cost of transporting goods from a business to its customers. Definition of Carriage Inwards Carriage inwards is the shipping and handling costs incurred by a company that is receiving goods from suppliers. The most appropriate accounting treatment of carriage inwards is to include it in the overhead cost pool that is allocated to the goods produced in an accou

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How Do I Resolve a Problem with CRA?

Billah and Associates

Tax professionals know that customers may get a notice of assessment or determination that clashes with their income tax return. The method can also vary depending on the problem’s complexity, from asking for a straightforward adjustment to protesting to ultimately pursuing an appeal with the Tax Court of Canada. For resolving disputes or queries, you need to get Canada Revenue Agency (CRA help), who can further help you to file an objection.

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Cost variance analysis definition

Accounting Tools

Related Courses Budgeting Cost Accounting Fundamentals What is Cost Variance Analysis? Cost variance analysis is a control system that is designed to detect and correct variances from expected levels. It is comprised of the following steps: Calculate the difference between an incurred cost and an expected cost Investigate the reasons for the difference Report this information to management Take corrective action to bring the incurred cost into closer alignment with the expected cost The most sim

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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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The Two Biggest Customer Objections You’ll Encounter As a Bookkeeper | The Successful Bookkeeper Blog

The Successful Bookkeeper

Customer objections can be discouraging for anyone. But they actually show that the customer is interested in your bookkeeping services! Discover how you can accept and overcome objections.

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Equity definition

Accounting Tools

Related Courses Bookkeeping Guidebook How to Audit Equity The Balance Sheet What is Equity? Equity is the net amount of funds invested in a business by its owners, plus any retained earnings. It is also calculated as the difference between the total of all recorded assets and liabilities on an entity's balance sheet. An analyst routinely compares the amount of equity to the debt stated on a balance sheet to see if a business is properly capitalized.

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Credit period definition

Accounting Tools

Related Courses Credit and Collection Guidebook Effective Collections What is a Credit Period? The credit period is the number of days that a customer is allowed to wait before paying an invoice. The concept is important because it indicates the amount of working capital that a business is willing to invest in its accounts receivable in order to generate sales.

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Contribution definition

Accounting Tools

Related Courses Financial Analysis What is Contribution? Contribution is the amount of earnings remaining after all direct costs have been subtracted from revenue. This remainder is the amount available to pay for any fixed costs that a business incurs during a reporting period. Any excess of contribution over fixed costs equals the profit earned. Direct costs are any costs that vary directly with revenues, such as the cost of materials and commissions.

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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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Equity research definition

Accounting Tools

Related Courses Corporate Cash Management Corporate Finance Treasurer's Guidebook What is Equity Research? Equity research is the study of a business and its environment in order to make a buy or sell decision about investing in its shares. This research can also be applied by an acquirer to a prospective acquisition deal, to determine the price at which to bid for the securities of a target company.

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Stand-alone cost method definition

Accounting Tools

Related Courses Activity-Based Costing Cost Accounting Fundamentals What is the Stand-Alone Cost Method? The stand-alone cost method allocates group costs to users as a proportion of the costs that would have been individually incurred by each user. This approach is a relatively simple and understandable method for allocating costs. Example of the Stand-Alone Cost Method For example, the field service department and the returns department separately want to ship repaired appliances to two custom

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How to report an inventory write down

Accounting Tools

Related Courses Accounting for Inventory How to Audit Inventory Inventory is written down when its net realizable value is less than its cost. There are two aspects to writing down inventory , which are the journal entry used to record it, and the disclosure of this information in the financial statements. Accounting for an Inventory Write Down The journal entry for an inventory write down can be handled in two ways, which are as follows: If you are using a periodic inventory system in which the

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Bond covenant definition

Accounting Tools

Related Courses Corporate Cash Management Corporate Finance Treasurer’s Guidebook What is a Bond Covenant? A bond covenant is a legal agreement between the issuer and purchaser of bonds. In it, the issuer commits to avoid certain actions that might reduce its financial condition over the term of the associated bonds. The intent of this agreement is to protect the financial interests of the bond holders, thereby increasing the likelihood that they will be paid back in full as of the maturity date

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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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Daypart definition

Accounting Tools

Related Courses Entertainment Industry Accounting What is a Daypart? A daypart is a division of the broadcast day into segments. For example, a television broadcaster may separate its schedule into the morning, daytime, early fringe, prime time, late news, late fringe, and late night time slots. The type of content provided to audiences will vary, depending on the daypart within which they are scheduled.

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Horizontal balance sheet definition

Accounting Tools

Related Courses The Balance Sheet The Interpretation of Financial Statements What is a Horizontal Balance Sheet? A horizontal balance sheet uses extra columns to present more detail about the assets , liabilities , and equity of a business. The layout of this balance sheet format is as follows: The first column itemizes all of the asset line items for which there are ending balances.

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When an accounting error is material

Accounting Tools

Related Courses Accounting Changes and Error Corrections The materiality of an accounting error is determined based on its relationship to estimated income for the full year and its effect on the trend of earnings. If an error is material in respect to an interim period , but not to the results of the full fiscal year , then it should be disclosed in the interim period.

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Paid in capital definition

Accounting Tools

Related Courses The Balance Sheet The Interpretation of Financial Statements What is Paid in Capital? Paid in capital is the payments received from investors in exchange for an entity's stock. This is one of the key components of the total equity of a business. Paid in capital can involve either common stock or preferred stock. These funds only come from the sale of stock directly to investors by the issuer ; it is not derived from the sale of stock on the secondary market between investors, nor

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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.