Wed.Jun 19, 2024

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Balancing crypto's volatility with fair value accounting principles

Accounting Today

The unpredictable nature of digital assets stands out as both a defining characteristic and a significant challenge for investors and accounting professionals alike.

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We’re answering your questions about new invoicing

Xero

Earlier this year we communicated that we’ll be retiring the older version of our invoicing product – classic invoicing – on 2 September 2024. You may have questions about this change, so we thought we’d answer a few of the most common ones people have been asking. Does new invoicing support repeating invoices? Yes, new invoicing supports repeating invoices.

Invoicing 241
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The 20 best states to be poor

Accounting Today

Residents with low income in these 20 states pay a smaller percentage of their income in tax.

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[Expert Opinion] How to Attract Accounting Clients in 2024

Ace Cloud Hosting

In accounting world the key to success is attracting and retaining clients. Effective accounting marketing strategies can enhance visibility and build healthy client relationships, helping firms build long-term success in.

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5 Steps to Shield Your Business: The Ultimate Guide to Avoiding Payment Fraud

As scams grow more sophisticated, it's crucial to stay proactive in defending against these threats. This guide equips CFOs, accountants, and business leaders with five essential steps—from fundamental safeguards to advanced security measures to strengthen your financial defenses. From enhancing data security to implementing fraud detection tools and safeguarding financial transactions, this guide provides expert advice that could save your company millions.

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Private equity in M&A looking at revenues, but not just any revenues

Accounting Today

A panelist during the Scaling New Heights conference in Orlando said that private equity firms are looking for firms with good revenue, but numbers alone don't tell the whole story.

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The most asked questions about Cevinio Autonomous AP Invoice Processing 

Cevinio

Explore the benefits of Cevinio Autonomous AP Invoice Processing for your business. We answer the most asked questions about our AI-driven.

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The IRS’ New Use of AI

Insightful Accountant

The IRS is turning to AI to help select tax returns for audits, aiming to narrow the tax gap. A recent GAO report emphasizes the need for consistent and transparent use of this technology.

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Biden budget proposal resurrects business tax rate debate

Accounting Today

This year's Greenbook proposals some greatest hits, including a higher corporate minimum tax.

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Thriving Amidst the Accounting Talent Crunch: Strategies for Employers and Job Seekers

accountingfly

“The accounting profession is not going to die. It’s not going to wither on the vine. There is lots of talent out there, and there are options and hope.” The accounting industry is facing a talent shortage, which is affecting both employers and job seekers. However, in a recent Accounting Talent Podcast discussing the reasons for the talent shortage , Jeff Phillips, the CEO of Padgett and Co-Founder of Accountingfly, sheds light on actionable insights to help both parties navigate this challenge

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Scaling New Heights 2025 Announced

Insightful Accountant

The final day of Scaling New Heights has always brought with it the announcement of the following year's event, and this year was no different.

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How to Navigate Revenue and Expense Management: Competitive Insights for Financial Success

Speaker: Hilary Akhaabi, PhD - Founder, Chief Financial & Operations Officer at Go Africa Global

In the fast-paced world of corporate finance, staying ahead of the curve is crucial for sustainable growth and profitability. This exclusive webinar with leading expert Hilary Akhaabi, PhD, will teach you practical ways to navigate complex financial landscapes and enhance your company's revenue management capabilities. Whether you're aiming to refine your financial strategies or seeking innovative solutions to drive performance, this new session is for you!

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Jun 19, Sample Financial Reports Using QuickBooks® | Bookkeeping Reports

Bookkeeping Essentials

Sample financial reports because sometimes a picture is better than words. for those who learn by seeing. These bookkeeping reports are a reference point for producing your own financial statements.

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Fundraising expenses definition

Accounting Tools

What are Fundraising Expenses? Fundraising expenses is a classification of expenses used by a nonprofit entity. Expenses included in this classification are fundraising mailings, fundraising functions, and an allocation of the compensation of those employees engaged in these activities. The proportion of fundraising expenses to total expenses is frequently reviewed by contributors to determine the extent to which their contributions will go toward more fundraising, rather than the targeted goals

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Mastering KPIs for Strategic Decision-Making

Reconciled Solutions

Key performance indicators (KPIs) help you make strategic decisions in your business. Find out which KPIs are worth tracking on this episode. The post Mastering KPIs for Strategic Decision-Making appeared first on Reconciled Solutions.

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Spot Instance Advisor: Your Guide to Optimal Spot Workloads

Economize

Introduction to AWS Spot Instance Advisor When it comes to computing resources on AWS, there are three primary types of Elastic Compute Cloud (EC2) instances: On-Demand Instances, Reserved Instances (RIs), and Spot Instances. Each of these instances serves different purposes and fits various budget needs, offering unique advantages.

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How To Streamline Finance Operations Through Automation

Speaker: Claire Grosjean

In today’s fast-paced business environment, finance professionals are under increasing pressure to optimize operations and drive strategic value. As a result, automation has become a core part of business strategy, offering unprecedented opportunities to streamline operations and drive efficiency. Join esteemed global finance and operations executive, Claire Grosjean, for a comprehensive guide on how to harness automation’s power through strategic collaboration with functional leaders.

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The Partner Email Swap Marketing Tactic

Future Firm

Effective marketing doesn't always have to be complex. Discover a simple yet effective strategy overlooked by most firms. The post The Partner Email Swap Marketing Tactic appeared first on Future Firm.

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ChatGPT Beats Humans at Financial Statement Analysis

Blake Oliver

As accounting professionals, one of our core skills is analyzing financial statements to assess a company's performance and predict future earnings. It's difficult, time-consuming work. But that might be changing. Researchers at the University of Chicago found that a ChatGPT model, with some fine-tuning, could predict changes in company earnings with over 60% accuracy using only historical financial statements.

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6 Best Purchase Order Software in 2024

Nanonets

What is Purchase Order Software? Purchase orders are critical documents that signify the start of the purchase process by a business in order to acquire goods or services. In order to complete any particular purchasing process, the purchase order associated must be processed and closed. This process which needs to be completed to complete the purchase and close the PO is cumbersome.

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6 Best Procure-to-Pay Software Solutions in 2024

Nanonets

The advent of AI and automated workflows in recent years have paved the way for procure to pay software solutions - and these tools have completely streamlined the cumbersome processes associated with the procure to pay cycle. Businesses are increasingly aiming to streamline their P2P process with the aid of procure to pay software and stay ahead of the competition.

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How to Avoid Getting Ghosted: Top 3 Secrets to Staying Relevant with Gen Z

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant or getting "ghosted" if they fail to meet the evolving needs of Gen Z consumers. In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will reveal key considerations banks should factor into their efforts to develop target products for the next generation of bank customers.

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The Purchase Order Process - Are you doing it right?

Nanonets

The purchase order is an essential document of the purchase process for any business. Despite that, purchase orders and their processing often gets bogged down by delays, errors and manual inefficiencies. Perfecting the  purchase order  process is seen as time-taking and thus is often not prioritized by businesses. However, having an efficient purchase order process goes a long way in maintaining AP efficiency.

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Vendor reconciliation process in accounts payable

Nanonets

What is the Vendor Reconciliation Process in Accounts Payable Vendor reconciliation is a critical practice in accounts payable to ensure the completeness and accuracy of vendor payments. Before making payments to vendors, it's essential to check that the vendor bills the company the correct amount. Accounts payable teams must reconcile payments regularly to avoid double-processing them.