Thu.Jun 08, 2023

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Small business retailers, beat the tax time woes with these simple tips

Xero

If your inbox is anything like ours right now, emails spruiking EOFY discounts, mid-year promotions and stocktake clearances are piling up by the dozen. And with a new financial year around the corner, it’s no surprise that retailers are cleaning house in preparation. So if you’re looking to do the same (and tackle tax time while you’re at it), below are a few simple tips to consider ahead of the ‘23 year-end.

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Intuit brings GenAI game to company code-a-thon

Intuit

Twice a year, Intuit technologists gather to experiment and collaborate on passion projects during Global Engineering Days (GED). The week-long code-a-thon shines a light on Intuit’s vibrant engineering culture, community, and commitment to sparking creativity. The week ignites innovation for more than 100 million consumer and small business customers.

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Manage Invoices an Payments Easily with Tipalti

Accounting Department

Imagine having the ability to scale accounts payables (AP) operations for your e-commerce business, with the same amount of staff, or even less. With Tipalti's AP automation technology, businesses can do just that and accelerate their AP processes across the board.

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Microsoft Dynamics NAV End of Life? Yes & No. What Next?

Fidesic blog

It is true that Microsoft Dynamics NAV end of life is fast approaching. Mainstream Support ended for NAV 2018 at the start of 2023. This means the five-year countdown has begun for Dynamics NAV (aka Dynamics Navision) with all Navision extended Support ending in 2028.

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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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Rewind 'Bulk Linking' Feature Now Available

Insightful Accountant

Rewind, the No. 1 rated commercially-available backup app for QuickBooks Online, has just introduced a new bulk linking feature, which makes it easier than ever for ProAdvisors to protect their clients' data.

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Effortlessly Viewing PDF Files on Your Computer or Tablet

LedgerDocs

PDF files are by far the most widely used format for sharing and viewing documents. Whether you are looking to open a business report, academic paper, or e-books, knowing how to view PDF files on your computer or tablet is essential but can be confusing depending on what device you are using. This blog outlines how you can access your PDF no matter what device you are using: Adobe Acrobat Reader: The easiest way to access a PDF file is using Adobe Acrobat Reader.

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Servitalent partners with Nanonets to leverage AI for recruitment workflows

Nanonets

Nanonets is excited to announce its partnership with Servitalent to completely automate recruitment workflows with AI and intelligent automation. This partnership will primarily focus on supercharging recruitment processes for organisations that depend on Servitalent for various HR services. Servitalent Servitalent is a leading professional services company specialising in providing the right human resources for company management and leadership.

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Accounting for sales discounts

Accounting Tools

Related Courses Bookkeeping Guidebook How to Audit Receivables New Controller Guidebook How to Account for Sales Discounts A sales discount is a reduction in the price of a product or service that is offered by the seller, in exchange for early payment by the buyer. A sales discount may be offered when the seller is short of cash, or if it wants to reduce the recorded amount of its receivables outstanding for other reasons.

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QuickBooks Online Vs. QuickBooks Hosting: Learn Which One is Better?

Ace Cloud Hosting

Small and medium-sized businesses rely heavily on the accounting software to keep their finances in order. QuickBooks is of the most popular accounting software that has been around for over.

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Source documents definition

Accounting Tools

Related Courses Accountants' Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook How to Conduct an Audit Engagement Records Management What are Source Documents? Source documents are the physical basis upon which business transactions are recorded. Source documents are typically retained for use as evidence when auditors later review a company's financial statements , and need to verify that transactions have, in fact, occurred.

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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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Expense Management Automation

Tipalti

Expense management automation is the future of expense tracking. Learn about the benefits of this technology and how it can improve your business's financial management.

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Budget variance definition

Accounting Tools

Related Courses Budgeting Capital Budgeting What is a Budget Variance? A budget variance is the difference between the budgeted or baseline amount of expense or revenue and the actual amount. The budget variance is favorable when the actual revenue is higher than the budget or when the actual expense is less than the budget. In rare cases, the budget variance can also refer to the difference between actual and budgeted assets and liabilities.

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Streamline Procurement with An Innovative New Feature for Processing Purchase Order Acknowledgements

NextProcess

Here at Next Process, we’re always on the lookout to develop new features and make our products more useful to clients who are using our software. Part of this process involves listening to requests and suggestions from current clients, which is what led to a new feature we’re developing as part of our procurement and purchasing software. This new feature will help streamline procurement by making the process of verifying and acknowledging purchase orders (POs) more efficient.

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How to calculate the effective interest rate

Accounting Tools

Related Courses Excel Formulas and Functions Financial Analysis Introduction to Excel The effective interest rate is the usage rate that a borrower actually pays on a loan. It can also be considered the market rate of interest or the yield to maturity. This rate may vary from the rate stated on the loan document, based on an analysis of several factors; a higher effective rate might lead a borrower to go to a different lender.

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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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PDF to QBO Converter - Data Extraction from PDFs to Quickbooks

Nanonets

Introduction to Quickbooks Since its inception in 1983, Intuit's QuickBooks has revolutionized the way small to medium-sized businesses, entrepreneurs, and self-employed individuals handle their financial management tasks. This versatile accounting software, available both in desktop versions and as a cloud-based system, has become an integral tool, allowing users to simplify, streamline, and automate their financial operations.

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The difference between job costing and process costing

Accounting Tools

Related Courses Accounting for Inventory Activity-Based Costing Cost Accounting Fundamentals Job costing involves the detailed accumulation of production costs attributable to specific units or groups of units. For example, the construction of a custom-designed piece of furniture would be accounted for with a job costing system. The costs of all labor worked on that specific item of furniture would be recorded on a time sheet and then compiled on a cost sheet for that job.

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Data Extraction from PDFs into Airtable

Nanonets

Introduction to Airtable Airtable is a versatile tool that integrates the simplicity of a spreadsheet with the power of a database, and has dramatically altered the landscape of collaborative work. With its unique functionality and user-friendly interface, Airtable allows for more effortless organization and management of tasks, team collaboration, and data tracking, resulting in improved efficiency and productivity.

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Mixed cost definition

Accounting Tools

Related Courses Activity-Based Costing Cost Accounting Fundamentals Financial Analysis What is a Mixed Cost? A mixed cost is a cost that contains both a fixed cost component and a variable cost component. It is important to understand the mix of these elements of a cost, so that one can predict how costs will change with different levels of activity.

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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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How Do You think About the Business?

Insightful Accountant

In Part 2 of G76's Peter Mares' four-part series, the CEO Whisperer will help you answer some of the questions that can why you are in business. To learn more, you also can sign up for the June 14 webinar.

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The accounting cycle definition

Accounting Tools

Related Courses Accountants’ Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook What is the Accounting Cycle? The accounting cycle is the actions taken to identify and record an entity's transactions. These transactions are then aggregated at the end of each reporting period into financial statements. The accounting cycle is essentially the core recordation activities that an accounting department engages in on an ongoing basis.

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Online Accountants Forums: The 14 Best

Future Firm

Online accountant forums can be a valuable resource for accounting professionals looking to expand their knowledge, connect with peers, and stay up-to-date on industry trends. In this post, we’ll explore the benefits of participating in online forums for accountants and enumerate which ones are worth joining. Let’s go! Table of Contents What are Accounting Forums?

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How To Allocate Cloud Costs After A Company Merger/Acquisition

CloudZero

If you’re going through a merger or an acquisition, you’ll soon have to assemble all the cloud account data from two or more organizations and blend it together to fit your new, larger organization.

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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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Auditor's opinion 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 Auditor’s Opinion? An auditor’s opinion is a formal statement made by an auditor concerning a client’s financial statements. There are several types of audit opinions, which are noted below. Unqualified Opinion The unqualified opinion states that the financial statements fairly reflect the client’s financial results and financial position.

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Digital Payments: Revolutionizing Transactions for Enterprises

Billing Platform

Is cash still king? A quick search provides compelling arguments for both sides of this coin. One thing, however, is certain – digital payments are on the rise. According to a recent report published by Global Market Estimates , the global digital payments market is projected to grow from USD 83.1 billion in 2023 to a whopping USD 188.2 billion by 2028.

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Attest definition

Accounting Tools

Related Courses How to Conduct an Audit Engagement What is Attest? Attest is a statement made by a certified public accountant that the financial statements of a client fairly represent the client’s financial results and financial position. The attest function of a CPA is highly valued by the investment community, which relies upon it to make investment decisions.

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Audit documentation definition

Accounting Tools

Related Courses Guide to Audit Working Papers How to Conduct an Audit Engagement What is Audit Documentation? Audit documentation is the record of procedures performed, evidence obtained, and conclusions reached as part of an audit. The proper preparation of audit documentation is critical for several reasons, including the following: It can be used as a defense if the auditor is ever accused of negligence.

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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.

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Accounting fraud definition

Accounting Tools

Related Courses Fraud Examination Fraud Schemes Money Laundering What is Accounting Fraud? Accounting fraud is the intentional manipulation of financial statements or tax returns for personal or corporate gain. For example, a business might overstate its revenue , understate its expenses , overstate its assets , or understate its liabilities. Several situations involving accounting fraud are noted below.

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Cash from operating activities definition

Accounting Tools

Related Courses The Interpretation of Financial Statements The Statement of Cash Flows What is Cash from Operating Activities? Cash from operating activities is the aggregate amount of cash flow reported in the operating activities section of the statement of cash flows of a business. This statement is part of the organization’s financial statements.

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Earnings per share ratio | EPS ratio

Accounting Tools

Related Courses Business Ratios Guidebook The Interpretation of Financial Statements What is the Earnings per Share Ratio? The earnings per share ratio (EPS ratio) measures the amount of a company's net income that is theoretically available for payment to the holders of its common stock. A company with a high earnings per share ratio is capable of generating a significant dividend for investors, or it may plow the funds back into its business for more growth; in either case, a high ratio indica

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Performance materiality definition

Accounting Tools

Related Courses Guide to Audit Sampling How to Conduct an Audit Engagement The Audit Risk Model What is Performance Materiality? Performance materiality is an amount less than the level of overall materiality , and is reduced in order to allow for the risk that there may be several smaller errors or omissions that have not been identified by the auditor.

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How to Set Better OKRs and Drive Results

Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.