Wed.Nov 15, 2023

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Why 2024 will be the year of generative AI for investment accounting

Accounting Today

While it initially garnered attention for its creative applications in content and image generation, the true potential of generative AI lies in its ability to unlock new ways of thinking in the business world.

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Fostering Exquisite Enterprises for a Thriving Future: Introducing the winners of Xero Beautiful Business Fund and State of the Industry Report

Insightful Accountant

Xero unveils the recipients of the prestigious Xero Beautiful Business Fund and present an insightful State of the Industry Report. Join us as we delve into the world of fostering exceptional enterprises.

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Forvis and Mazars form global network

Accounting Today

The two-member combination will be called Forvis Mazars when it's finalized next June.

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Common Financial Ratios to Analyze Your Business’s Health

Nolan Accounting Center

As a small business owner, it’s important to be aware of the financial health of your business. One of the most powerful tools to help you analyze your business’s health is financial ratios. These ratios provide you with valuable insights into the performance, profitability, and overall financial stability of your business. Nolan Accounting can help you track the financial ratios of your Southeast Wisconsin business.

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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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PCAOB releases flood of fines and sanctions

Accounting Today

The audit overseer hit at least nine different firms, with fines totaling approximately $4 million.

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6 Ways to Seize Market Opportunities with Metered Billing

Billing Platform

While the terms are typically used interchangeably, there are a few subtle differences between usage-based billing and metered billing – the most significant being in how charges are calculated. Usage-based billing calculates charges based on how much of a product or service is used. Whereas metered billing uses the amount of time customers use the product or service.

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4 Super Easy Ways to Increase Your Firm’s Referrals

Insightful Accountant

Referrals are the best way increase your firm’s prospect pipeline and are worth way, way more than any referral you could get through traditional marketing sources, including social media and PPC (pay-per-click) ads.

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Carson Block, Nate Anderson become SEC tipsters for cash payouts

Accounting Today

Alongside their public reports, short sellers are quietly sharing their research about sketchy accounting and other misdeeds with the Securities and Exchange Commission's whistleblower office in hopes of making some extra money.

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What is an Expense Receipt?

Nanonets

The whole reimbursement thing can be a headache for employees and companies. When employees fork out their own cash for stuff like travel or software subscriptions, they're supposed to get paid back. So, reimbursement is like the company giving back the money to its people for work-related expenses. But here's the deal: you need an expense receipt to show what you bought.

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EisnerAmper merges in SKP

Accounting Today

The deal is expected to close early next year and is the latest in a string of M&A transactions since EisnerAmper received private equity funding.

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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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What Are Payment Processors and How Do They Work?

Nanonets

Payment processors are financial institutions that help merchants accept credit, debit and other forms of electronic payments. They also facilitate ACH (automated clearing house) transfers, which are electronic transfers between banks. In addition, some payment processors offer merchant services such as fraud prevention, customer management tools and reporting.

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Fresh accounting issues add scrutiny on Brazil retailers

Accounting Today

Magazine Luiza's announcement of accounting "inconsistencies" deals another blow to companies that have struggled after the scandal that brought down Americanas.

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Disbursement vs Reimbursement: Meaning & differences

Nanonets

Disbursement and reimbursement differ in their settlement process of the payment. Disbursement refers to paying out funds, often associated with business expenses, loans, or salaries. It involves the distribution of money for specific purposes, such as operational costs or project funding.  Reimbursement is the repayment of expenses that any agent pays on behalf of the company.

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Your Part-Time Controller gets PE funding

Accounting Today

YPTC received a strategic growth investment from Pamlico Capital, a private equity firm based in Charlotte, North Carolina.

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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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There Is No Marketing Better Than This

Future Firm

There's no such thing as a one-size-fits-all when it comes to marketing. That being said, this "strategy" is as close as you'll ever get. The post There Is No Marketing Better Than This appeared first on Future Firm.

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5 ways accounting firms can boost online reviews

Accounting Today

Having a large number of positive reviews can often make the difference between winning new clients or not.

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Strategies for Effectively Billing Clients for Bookkeeping Software

LedgerDocs

As a bookkeeper, it is important to have tools in your tool kit to offer your clients. The more platforms you can work with the more clients you can serve. One common challenge that arises when using bookkeeping software is managing the allocation of its costs efficiently, particularly when dealing with online subscriptions and desktop applications like LedgerDocs.

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Vendor Spotlight: Bloomberg Tax & Accounting

Accounting Today

In this Vendor Spotlight, we sit down with Evan Croen, senior vice president of product at Bloomberg Tax & Accounting.

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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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Paperless accounts payable: An implementation guide

Nanonets

Switching to paperless  accounts payable  is intimidating. It often means digitizing years of data, training your staff, and shifting your workflows. However, this change can yield significant rewards. Consider this:  Levvel Research  found that 50% of businesses grapple with late payments and missed discounts due to protracted approval cycles.

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Zoho moves into practice management

Accounting Today

The business solutions provider announced the release of Zoho Practice, an end-to-end accounting practice management solution.

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Training Accountants For the AI Era

Dext

The days of manual calculations and endless paperwork are coming to an end. Of course, if you still tally numbers the old-fashioned way, that’s fine. But, in a new age where clients demand speed and you demand even greater accuracy, manual ways risk irrelevance. It’s in this intersection that artificial intelligence (AI) becomes essential.

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GCP Datastore vs Bigtable: Comparing Pricing & Features

Economize

GCP users, from seasoned cloud architects to beginner cloud engineers, often face the task of choosing between two powerful NoSQL databases: Cloud Datastore and Cloud Bigtable. While both are robust and capable in their rights, they serve distinct purposes and cater to different use cases.

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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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Key MLOps processes (part 4): Serving and monitoring machine learning models

FinOps in Practice

In this article, we describe the block of the scheme, devoted to serving and monitoring machine learning models. Please, find the whole scheme, which describes key MLOps processes here. The main parts of the scheme are horizontal blocks, inside of which the procedural aspects of MLOps are described. Each of them is designed to solve specific tasks within the framework of ensuring the uninterrupted operation of the company’s ML services.

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A Complete LangChain Guide

Nanonets

At its core, LangChain is an innovative framework tailored for crafting applications that leverage the capabilities of language models. It's a toolkit designed for developers to create applications that are context-aware and capable of sophisticated reasoning. This means LangChain applications can understand the context, such as prompt instructions or content grounding responses and use language models for complex reasoning tasks, like deciding how to respond or what actions to take.

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Medical Debt: An American Struggle

RevCycle

Why do Americans have so much medical debt ? There are several reasons why Americans have so much medical debt. One reason is that the cost of healthcare in the United States is very high. According to the Kaiser Family Foundation, the average American family spent $28,166 on healthcare in 2020. This is much higher than what people in other developed countries spend on healthcare.

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What are PO Flips and How Can They Optimize Your Business?

Nanonets

The concept of Purchase Order (PO) Flip has emerged as a transformative solution in financial operations, revolutionizing the way businesses handle their procurement and billing processes. By automating the conversion of purchase orders into invoices, PO Flip offers a seamless, error-reducing, and time-saving approach to managing transactions. This article delves into the world of PO Flips, exploring its workings, benefits, and its importance to modern businesses.

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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!