Wed.Apr 12, 2023

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How small businesses can use the power of embedded finance

Xero

It wasn’t that long ago that you needed to take out a credit card and enter the number every time you wanted to pay for something online. Today, you can instantly complete purchases in a few clicks, like Amazon’s ‘buy now’ express button. This is an early example of embedded finance — one of the top fintech trends that is changing the way people use and move money.

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Capital Budgeting with NetSuite Explained

Accounting Department

Capital budgeting involves analyzing, evaluating, and prioritizing investment decisions for large-scale projects that typically require significant capital from a business. This could include new office or warehouse space, fixed assets, or real estate. Capital budgeting provides businesses with a way to determine the best use of capital to increase the overall value of a business - a strategy that is useful to businesses of all sizes.

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CPAs, Financial Advisors and Lawyers, Oh My

Insightful Accountant

The seventh annual "401(k) Plan Benchmark Report" shows the leading industries for 401(k) plans, with accounting professionals at the top of the list.

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A Simple Way to Differentiate Your Firm

Future Firm

Ready to set your accounting firm apart from the rest? In today’s episode, learn how you can stand out from other accounting firms and charge more while providing added value to your clients. Listen below. 0:34 – In this episode, I discussed how labeling and monthly packages devalue accounting services and create competition among firms. 1:15 – Many accounting firms use a 3-tiered approach with Gold, Silver, and Bronze plans, but the issue lies in labeling services as a list of

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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.

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Top Five TikTok Tax Myths (Guest: Heidi Henderson)

Cloud Accounting Podcast

We’re joined by Heidi Henderson, EVP at Engineered Tax Services, for our weekly roundup of news at the intersection of accounting and technology. Topics include: How the IRS plans to spend $80 billion over the next 10 years; the top five TikTok tax myths; security issues with AI chatbots; CLA voices support for MNCPA’s 150-hour alternative; why revenue is up 20% in the top 100 firms, and more!

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Where to Put Your Digital Marketing Dollars

Insightful Accountant

With small businesses at risk, survey says that digital marketing budget allocation is crucial. Fullmoon Digital’s Derek Chew explains.

More Trending

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Problem with Time Tracking for Time Tracking, Not Payroll

Insightful Accountant

What happened to tracking time for purposes of tracking time, not payroll? Apps seem to have forgotten the history of time tracking in QuickBooks.

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Optimize Your Order-To-Cash Cycle With These 4 Accounts Receivable Tips

Outsourced Bookeeping

Every business operation requires an essential aspect known as the order-to-cash cycle. It is a process that initiates with an order received from a customer and ends with the successful collection of payment from them. Accounts receivable management and payment collection from customers are crucial steps in this cycle. Optimize Your Order-To-Cash Cycle With These 4 Accounts Receivable Tips To increase business efficiency and enhance cash flow , it is crucial to streamline the accounts receivabl

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Fraudsters Target Checks Sent Through the Mail

IPS

ALERT: More fraudsters are stealing mail with the goal of ripping off businesses like yours.

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Accounting Software for SaaS Companies

Tipalti

Looking for accounting software that will grow with your business? Read our in-depth guide on the best accounting software for SaaS companies.

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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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How Automation Empowers a Community Association Management Firm to Better Serve its Multi-Million-Dollar Portfolio

AvidXchange

Company Profile: Founded in 1980 and headquartered just outside of Washington, D.C., Gates Hudson is a privately-held real estate services company with more than 700 employees. Within its umbrella of companies is Gates Hudson Community Management (GCHM), a premier full-service association management company that specializes in providing financial management and residential services to condominium, cooperative and homeowner associations throughout the Washington, D.C. metro area.

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The Comprehensive Tax Document Collection Checklist for Personal and Business Tax Returns

LedgerDocs

Navigating the numerous tax deductions available in Canada can be a daunting task. From charitable donations and home renovations to medical expenses and more, there are a plethora of credits and deductions that can help your clients reduce their tax bill this tax season. However, with proper planning and organization, you can gather all the necessary documentation to take full advantage of these benefits and ensure your clients receive the best possible return.

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What is tail spend and how to manage it?

Nanonets

Tail spend, the long-tail of a company's procurement expenditure which has become increasingly important in recent years as companies seek to optimize their procurement processes and reduce costs. Often representing over 80% of total transactions, tail spend includes low-value purchases that are fragmented across multiple departments and suppliers, making it difficult to manage and control.

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How Accountants Can Profit From The Subscription Economy

Earmark Accounting Podcast

In this episode, Blake and Ron Baker discuss the subscription economy. They delve into the origins of the terminology and how CPAs and accountants can provide more value to their clients by prioritizing relationships over services. This is a must-listen for anyone interested in the subscription industry, which is projected to surpass $1 trillion by 2025.

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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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What is spend management?

Nanonets

Spend management has become increasingly important for businesses today as it enables them to control costs, improve procurement processes, and optimize profitability. According to a McKinsey report , spend management is the “forgotten hero” of business and marketing excellence, freeing up as much as 20% of budgets to serve as a catalyst for organizational growth.

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Growing Your Firm Podcast with Mark Stovel

Jetpack Workflow

Podcast Summary Join us today as we talk with Mark Stovel and his proven systems that help accountants take home $250k annually. We’ll talk through equity positions, win-wins, and much more. About Mark Stovel Simply put, Mark helps accountants take home $250k annually. After launching his firm in 2017, Gyroscope Accounting was acquired in 2021. Now, Mark helps clients through coaching.

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What is SaaS spend management?

Nanonets

The global SaaS industry is projected to grow from $251.17 billion in 2022 to $883.34 billion by 2029, at a CAGR of 19.7%. Businesses regularly purchase SaaS subscriptions to manage various operations, which leads to its own overhead. Purchases may be made in silos with the procurement or finance teams, leading to low visibility and accountability. SaaS spends can thus increase rapidly, leading to poor ROI and other business risks.

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Cloud Cost Models 101: A Guide to Understanding the 4 Types

Economize

Organizations moving to the cloud need to have a clear understanding of the different cloud cost models available to them to ensure that they optimize costs and resource utilization. In this article, we will explore the four main cloud cost models - On-Demand, Reserved Instances, Spot Instances, and Savings Plans - and their management strategies.

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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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Managing payroll: Tips for Accurate and Timely Reporting

Bookkeeping Express

Payroll management can be complex and time-consuming, but accurate and timely reporting is critical for ensuring employee satisfaction and maintaining compliance with the relevant authorities. If a business is unable to reliably keep an accurate running total of employee hours, withholding obligations, sick days, vacation days, health benefits, retirement plans, bonuses, and any other details specific to their individual situation, they are destined to make mistakes on all fronts, and expose the

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The Dummie’s Guide: What Is The Cloud? (2023 UPDATE)

CloudZero

YouTube. Netflix. Uber. Spotify. TikTok. You name it. You sign up and get your own account. Once you set it up however you want, you can access it from any internet-enabled device, including smartphones and smartwatches.

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Statements on Auditing Standards definition

Accounting Tools

Related Courses How to Conduct a Compilation Engagement How to Conduct a Review Engagement How to Conduct an Audit Engagement What are Statements on Auditing Standards? The Statements on Auditing Standards are used by auditors as a source of information regarding how to conduct and report on audits of their non-public clients. These standards are promulgated by the Auditing Standards Board, which is associated with the American Institute of Certified Public Accountants ( AICPA ).

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Idle capacity definition

Accounting Tools

Related Courses Constraint Management What is Idle Capacity? Idle capacity is the remaining amount of capacity left in a company after productive capacity and protective capacity have been eliminated from consideration. Productive capacity is that portion of a work center's total capacity needed to process currently scheduled production, while protective capacity is additional capacity held in reserve to ensure that a sufficient quantity of parts can be manufactured to adequately feed the bottle

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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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Mezzanine financing definition

Accounting Tools

Related Courses Corporate Cash Management Corporate Finance Treasurer's Guidebook What is Mezzanine Financing? Mezzanine financing is a form of funding that is positioned partway between the equity financing and debt financing used by a business. It is designed to provide cash to an existing business that requires the funds to grow, or for a corporate restructuring.

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Where petty cash appears in the balance sheet

Accounting Tools

Related Courses Bookkeeping Guidebook The Balance Sheet Petty cash appears within the current assets section of the balance sheet. This is because line items in the balance sheet are sorted in their order of liquidity. Since petty cash is highly liquid, it appears near the top of the balance sheet. However, the balance in the petty cash account is so small that it is rarely listed on the balance sheet as a separate line item.

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Dividend yield ratio definition

Accounting Tools

Related Courses Business Ratios Guidebook The Interpretation of Financial Statements What is the Dividend Yield Ratio? The dividend yield ratio shows the proportion of dividends that a company pays out in comparison to the market price of its stock. Thus, the dividend yield ratio is the return on investment to an investor if the investor were to have bought the stock at the market price on the measurement date.

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GAAP codification definition

Accounting Tools

Related Courses GAAP Guidebook International Accounting What is the GAAP Codification? The GAAP codification is the primary source of all accounting standards contained within Generally Accepted Accounting Principles. The intent of the codification is to organize the thousands of page of accounting standards that had been promulgated over the years by a variety of committees and entities, such as statements of accounting standards, technical bulletins, practice bulletins, consensus positions, an

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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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Audit adjustment definition

Accounting Tools

Related Courses How to Conduct a Compilation Engagement How to Conduct a Review Engagement How to Conduct an Audit Engagement What is an Audit Adjustment? An audit adjustment is a proposed correction to the general ledger that is made by a company's external auditors. The auditors may base the proposed correction on evidence found during their audit procedures , or they may want to reclassify amounts into different accounts.

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Expense recognition definition

Accounting Tools

Related Courses Accountants' Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook What is Expense Recognition? Expense recognition is the act of converting an asset into an expense. This is done when the utility of an asset has been consumed. Expense recognition can arise on a delayed basis, when expenditures are made for assets that are not immediately consumed.

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Prime costs definition

Accounting Tools

Related Courses Accounting for Inventory Cost Accounting Fundamentals Cost Management Guidebook What are Prime Costs? Prime costs are the costs directly incurred to create a product or service. These costs are useful for determining the contribution margin of a product or service, as well as for calculating the absolute minimum price at which a product should be sold.

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