Thu.Mar 14, 2024

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Audit committees set priorities

Accounting Today

A majority of audit committee members are eyeing cybersecurity as a top priority in the next 12 months, followed by enterprise risk management and talent.

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Unlocking Business Growth with ERP Systems for SMBs

Accounting Department

How an ERP system, such as Netsuite, tailored for the unique needs of SMBs, can be a pivotal tool in propelling small businesses to new heights.

professionals

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MassCPAs CEO aims to build accounting pipeline

Accounting Today

Zach Donah, the new CEO of the Massachusetts Society of CPAs has big plans for the organization.

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From Psychology to Programming: Navigating My Journey into the Tech Industry

Plooto

What led you to go into the tech industry? I started university studying psychology because it was my passion. In my second year, like everyone does, I took what I thought would be a really easy course: Computer Science 101. Many people might not think computer science would be an easy study, but for some reason, I thought it would be a breeze. Turns out, for me it was.

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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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Professionals don't know what gen AI is, but plan to spend more on it

Accounting Today

A recent survey of professional service providers found that the majority aren't exactly sure what generative AI even is, but they still anticipate spending more for it in both the short and long term.

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From Stress to Success: The Profit First Journey | Growth Amplifiers Podcast

Reconciled Solutions

Join us in this insightful episode as we talk about how Angie transformed her business and reduced stress by implementing Profit First. The post From Stress to Success: The Profit First Journey | Growth Amplifiers Podcast appeared first on Reconciled Solutions.

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Robin Hall on Family, Tech Trends, and Personalized Accounting Services

Insightful Accountant

On this episode of Accounting Insiders, Gary talks to Robin Hall of VARC Solutions and her journey with Family, Tech Trends and Personalized Accounting.

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The big 3 behind a healthy succession

Accounting Today

A healthy succession plan achieves three main objectives: continuity through client retention, client growth and fair financial treatment of all parties.

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Advisor Alliance: eTreem Partner Program

Insightful Accountant

With eTreem's Partner Program, you can grow your practice by helping clients simplify their accounts receivable while reducing the cost of inbound payments.

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IASB proposes to improve acquisition reporting

Accounting Today

The International Accounting Standards Board hopes to enhance the information provided by companies to their investors about acquisitions under IFRS.

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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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AWS CloudTrail: Pricing & 4 Cost Optimization Strategies

Economize

What is AWS CloudTrail? Effective management and optimization of resources are essential for businesses to exploit the full potential of cloud platforms like Amazon Web Services (AWS). As businesses increasingly migrate their operations to cloud platforms like AWS, ensuring data integrity, the confidentiality of sensitive information and adherence to regulatory standards become paramount concerns.

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SAS 145 offers tech-powered audits for the future

Accounting Today

This new standard changes the game for auditors to make risk assessments even more effective.

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Scaling Payroll Services to 7 Figures w/ Tyler Winn

Jetpack Workflow

Podcast Summary In this episode of Growing Your Firm, brought to you by Jetpack Workflow, host David Cristillo sits down with Tyler Winn , the founder and CEO of Cirrus Payroll. Tyler shares his journey of falling into the payroll business in 2012 and subsequently building a seven-figure firm that specializes in processing payroll for small businesses.

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Oracle Fusion Cloud Application Suite adds dozens of gen AI features

Accounting Today

Oracle announced the addition of more than 50 generative AI features in its Oracle Fusion Cloud Application Suite.

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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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70 Percent of CSI’s Clients Are S-Corporations. Here’s Why.

CSI Accounting & Payroll

If you’re considering partnering your small business with CSI’s monthly accounting service, you may wonder if you’re a good fit to work with us and get the right value out of our service. For some, looking at your business entity type and comparing it to our client base can mean a lot. However, it’s definitely not everything! Let’s examine the following questions that we get about the small businesses we work with: Should I still work with CSI if I’m not an S-Corp?

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Complete Guide to Accounts Payable Outsourcing in 2024

Outsourced Bookeeping

The financial complexity of the business keeps increasing along with its growth and evolution. Accounts Payable process plays a key role in maintaining the financial health of the organization. Vendors with different procedures and standards of invoicing will often make accounts payable processes cumbersome and unmanageable. If your organization has very limited resources in the Accounts Payable department, then you need to make a way out to deal with larger volumes of data entry and invoices.

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1st April 2024 Changes – What do you need to know?

Ontrack Bookkeeping

It’s almost the end of the Financial Year (again? I know we say this every year, but doesn’t time just fly by?) Here is a summary of the 1st April 2024 changes you need to know: Minimum Wage Increase: The Adult minimum wage will increase from $22.70 per hour to $23.15 per hour The Starting Out/Training wage will increase from $18.16 per hour to $18.52 per hour ACC Earner Levy Threshold: The ACC Maximum Earnings threshold has increased from $139,384 to $142,283 The ACC Earner Levy has

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What Is EBPP? Exploring Electronic Billing Presentment and Payment Solutions

oAppsNet

In today’s digital age, electronic bill presentation and payment (EBPP) is a beacon of convenience and efficiency. It represents the evolution of traditional billing and payment methods into a streamlined, digital process accessible from any internet-connected device. With EBPP, gone are the days of waiting for paper bills to arrive in the mail or standing in line to make payments.

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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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What is two-way matching and how does it work?

Nanonets

Accounting in any company involves dealing with invoices every month. One of the most challenging tasks while dealing with them is the verification of these invoices. All invoices received by a company for products or services that have been purchased from a vendor must be checked for accuracy before payment is initiated. For this, all details of the purchase as mentioned in the invoice are matched with the corresponding purchase order to ensure that the product/services that were ordered were d

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Best Practices for Managing High-Volume Accounts Payable

MineralTree

For scaling businesses, invoice payments rapidly grow in volume and complexity. However, many companies still rely on manual processes to manage accounts payable—and these outdated practices are causing problems across their financial operations. A manual approach slows down the payment process and increases the risk of errors and fraud while jeopardizing relationships with strategic vendors.

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QBO Now Auto-matches QuickBooks Paychecks

Insightful Accountant

QuickBooks can now automatically match each paycheck to the correct bank transaction. That means users will spend less time matching.

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Powering prosperity for women means addressing gender inequities in the tax code

Intuit

March is a time when we all come together to honor the remarkable women in our lives and communities. While we think about the women who inspire us, it’s also an opportunity to draw attention to the important work that remains to be done. When it comes to the complexities of the tax code, women encounter distinct challenges, and here at Intuit, we’re committed to empowering prosperity for every single person—especially the inspiring women who play an integral role in driving our coll

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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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Job Losses Continue According to Intuit QuickBooks Small Business Index

Insightful Accountant

The Intuit QuickBooks Small Business Index just issued reports an additional 7600 jobs lost during February, 2024.