Thu.Apr 20, 2023

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Building Inclusion: Empowering confidence through religious accommodations

Intuit

Religion is often perceived as an off-limits topic for workplace discussion. At Intuit, we want to create an environment where our employees can feel comfortable talking about the things that are important to them, including what they believe. Our aim is to be respectful of people’s choices and support their practices. We have two faith-based employee resource groups (ERGs) that provide a community for their members while also offering valuable insight into the needs of our employees and how we

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Six reasons to come and visit us at Accountex 2023

Xero

It’s nearly time for Accountex 2023, and we’re excited to see many of you across the two days. This is our tenth year exhibiting at Accountex, and the buzz of the event and opportunity to connect in person never gets old. It’s been a tough year for many of you across the accounting and bookkeeping industry – supporting clients through turbulent economic times, whilst facing your own challenges.

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How to Find the Perfect Bookkeeping Service for Your Amazon E-commerce Business

Accounting Department

In the fast-paced world of e-commerce, effective financial management is key to achieving long-term success for your Amazon business. Bookkeeping services play an essential role in handling your financial transactions, ensuring accuracy, and assisting you in making informed decisions. This article delves into the process of finding the perfect bookkeeping service for your Amazon e-commerce business and the factors to consider when making your selection.

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DevOpsDays Austin

ProsperOps

Join ProsperOps on the floor at DevOpsDays Austin taking place May 4-5 at the Etter-Harbin Alumni Center on the UT Austin campus. Visit us at our table to snap a selfie with ProsperBot, grab some cool swag, and discuss cloud cost optimization with our team! We’ll be raffling off a grand prize at the end of the conference you won’t want to miss!

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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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Key Features of Workday Accounts Payable Module

Ascend Software blog

Managing the accounts payable process is a crucial aspect of any organization's financial management. With a well-structured and efficient system, businesses can improve their cash flow, maintain better relationships with suppliers, and optimize their financial processes.

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DevOpsDays Austin

ProsperOps

DevOpsDays Austin May 4-5, 2023 Etter-Harbin Alumni Center (UT Austin Campus) Get to know ProsperOps in our hometown at DevOpsDays Austin! Join ProsperOps on the floor at DevOpsDays Austin taking place May 4-5 at the Etter-Harbin Alumni Center on the UT Austin campus. Visit us at our table to snap a selfie with ProsperBot, grab some cool swag, and discuss cloud cost optimization with our team!

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Fixing QuickBooks Desktop Product License Errors

Insightful Accountant

When you can't install or register your product because your license or product numbers don't match your subscription or activation code.

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The difference between a debtor and a creditor

Accounting Tools

Related Courses Credit and Collection Guidebook Effective Collections Essentials of Collection Law Debtor and Creditor Definitions A creditor is an entity or person that lends money or extends credit to another party. A debtor is an entity or person that owes money to another party. Thus, there is a creditor and a debtor in every lending arrangement.

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Lockstep Accelerates Payments through Free, Self-Service Portal

Insightful Accountant

Companies now can accept payments via Stripe and PayPal through a secure self-service link.

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The difference between product costs and period costs

Accounting Tools

Related Courses Cost Accounting Fundamentals What are Product Costs? Product costs are any costs incurred in the manufacture of a product. These costs include direct materials , direct labor , and factory overhead. What are Period Costs? A period cost is any cost consumed during a reporting period that has not been capitalized into inventory , fixed assets , or prepaid expenses.

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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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Lockstep Accelerates Payments Via Free, Self-Service Portal

Insightful Accountant

Companies now can accept payments via Stripe and PayPal through a secure self-service link.

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Full cost definition

Accounting Tools

Related Courses Cost Accounting Fundamentals What is Full Cost? Full cost is the aggregation of all costs associated with a product or other cost object. These costs include both the direct costs and indirect costs of production, but do not include selling, general and administrative expenses. The cost assigned to inventory when it is reported in a company’s balance sheet is its full cost.

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Nanonets recognized as a Leader in the OCR software Category in the G2 Spring 2023 Grid Report

Nanonets

Nanonets, a leading provider of OCR technology, has been recognized as a Leader in OCR software by G2 Business Software Reviews for Spring 2023. This recognition is given for software having substantial market presence and rated highly by G2 users. As of April 2023, Nanonets has received 59 reviews with an overall rating of 4.9 out of 5 stars on G2.

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Why shares are issued at a premium

Accounting Tools

Related Courses Bookkeeping Guidebook The Interpretation of Financial Statements A company issues its shares at a premium when the price at which it sells the shares is higher than their par value. This is quite common, since the par value is typically set at a minimal value, such as $0.01 per share. The amount of the premium is the difference between the par value and the selling price.

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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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How to gain confidence as a new bookkeeper

5 Minute Bookkeeping

Does this sound familiar? You’re starting a bookkeeping business or recently got started as a bookkeeper and you’re struggling with self-doubt and lack of confidence. If so, you’re not alone. It’s normal to have fears about the future. I can empathize because I have been there, frozen with fear and scared out of my mind when I first started my virtual bookkeeping business.

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Extend: a solution help you manage your client billable expenses

Reconciled Solutions

Do you often purchase items for your clients and then bill them after the fact? These billable expenses have a tendency to wreck your cash. The post Extend: a solution help you manage your client billable expenses appeared first on Reconciled Solutions.

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How To Reduce Logging Costs in GCP

finout

Table of Contents How Much Does GCP Logging Cost? 5 Ways to Reduce Logging Costs in GCP Reducing Cloud Logging Costs On the Google Cloud Platform (GCP), Cloud Logging is a dedicated service that collects, organizes, analyzes, and monitors your log data, making it easier to troubleshoot and monitor applications, infrastructure, and services. Though important, logging can come at a steep price, especially if you don't continually assess its volume and retention period.

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Top 10 Best PDF To Excel Converters In 2023

Nanonets

In today's fast-paced world, data is king. And when it comes to sharing, managing or working with data, PDF and Excel are the most common choices. Both of them have their benefits and cons. PDFs are great for sharing or view the data but not for analyzing the data. At the same time, Excel is the go-to tool for analyzing and processing data. However, converting PDF to Excel manually or without tools is time-consuming, error-prone, and not a very productive way to convert data.

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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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Causal relationship definition

Accounting Tools

Related Courses Essentials of Business Math What is a Causal Relationship? A causal relationship exists when one variable in a data set has a direct influence on another variable. Thus, one event triggers the occurrence of another event. A causal relationship is also referred to as cause and effect.

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How to convert JPG to Word online?

Nanonets

Images are the norm while sharing information. But when you want to extract text from JPG images and convert them into Word files, there are two ways to go about it, whether you do it manually, which takes up a lot of time & effort, or you use Image Word converters available online. In this blog, we will explore the smarter way of converting JPG to Word online for free & without registering for anything, using Nanonets’ image-to-text converter to convert your JPG images to Word on

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Marginal analysis definition

Accounting Tools

Related Courses Financial Analysis Managerial Economics What is Marginal Analysis? Marginal analysis is used to determine the incremental change in profit or other benefit associated with several possible alternatives. The outcome of the analysis is used to decide which alternative to pursue. A rational decision maker should always pick the alternative that provides the greatest incremental gain.

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11 small businesses doing big things for the planet

Intuit

Shopping at a small business doesn’t mean a small impact, especially when it comes to sustainability. With small businesses representing 90% of businesses globally , there’s a huge opportunity to support brands with climate-friendly practices like sustainable shipping and locally-sourced supply‌ chains with lower emissions, as well as brands focusing on minimizing waste and prioritizing safe ingredients.

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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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Inventory profit definition

Accounting Tools

Related Courses Accounting for Inventory How to Audit Inventory What is Inventory Profit? Inventory profit is the increase in value of an item that has been held in inventory for a period of time. For example, if inventory was purchased at a cost of $100 and its market value a year later is $125, then an inventory profit of $25 has been generated. There are two possible reasons for inventory profit, which are noted next.

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Digitizing Healthcare & Automating Healthcare document processing in 2023

Nanonets

The pandemic led to a steep increase in the adoption of digitization across sectors, including healthcare. With this new wave of healthcare innovation driven by healthcare digitization, healthcare organizations are exploring new avenues to improve their patient experience, reduce their costs and meet the rising expectations of healthcare professionals in one go.

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How many accounting periods does an inventory error affect?

Accounting Tools

Related Courses Accounting for Inventory How to Audit Inventory An inventory error affects two consecutive accounting periods , assuming that the error occurs in the first period and is corrected in the second period. If the error is never found, then there is an impact in only one accounting period. The reason is that an error in the first period changes the ending inventory number, which is used to calculate the cost of goods sold in that period.

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4 Ways Bookkeepers Can Increase Profit Margins From E-commerce Clients

The Successful Bookkeeper

Bookkeepers are the backbone to e-commerce businesses, keeping track of financial information and maintaining compliance. This puts you in the perfect position to boost profitability by offering additional value-based services. As a bookkeeper, you’re probably aware of the complex needs of e-commerce brands, and how this can be a unique opportunity to offer solutions catered to identified areas of need.

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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!

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Lower of cost or market (LCM) definition

Accounting Tools

Related Courses Accounting for Inventory How to Audit Inventory What is the Lower of Cost or Market? The lower of cost or market rule states that a business must record the cost of inventory at whichever cost is lower – the original cost or its current market price. This situation typically arises when inventory has deteriorated, or has become obsolete, or market prices have declined.

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MTB Management Seamlessly Scales 50% with MineralTree

MineralTree

MTB Management is a fast-growing Taco Bell franchisee based in western Montana. Since becoming a MineralTree customer back in 2020, MTB has grown from eight to 12 locations and deployed MineralTree’s TotalAP platform across all of its 12 Taco Bell quick-service restaurants (QSRs). As a result, the team boasts increased operating efficiencies and stronger vendor relationships.

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Money measurement concept definition

Accounting Tools

Related Courses Accountants' Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook What is the Money Measurement Concept? The money measurement concept states that a business should only record an accounting transaction if it can be expressed in terms of money. This means that the focus of accounting transactions is on quantitative information, rather than on qualitative information.

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Overhead absorption definition

Accounting Tools

Related Courses Accounting for Inventory Cost Accounting Fundamentals What is Overhead Absorption? Overhead absorption is the amount of indirect costs assigned to cost objects. Indirect costs are costs that are not directly traceable to an activity or product. Cost objects are items for which costs are compiled, such as products, product lines , customers, retail stores, and distribution channels.

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Book of Secrets for the Month-End Close

Developing a consistent month-end close doesn’t need to be a mystery. We’re sharing our top 10 secrets (plus one bonus!) for streamlining your close.