Wed.Apr 23, 2025

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Deadline for 2025 Best Firms to Work For applications set

Accounting Today

The window for participating in Accounting Today and Best Companies Group's annual ranking will close May 9.

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Reasons to come and visit Xero at Accountex London 2025

Xero

Nothing beats the buzz of Accountex! Its where industry leaders, cutting-edge exhibits, and insightful masterclasses converge, creating the perfect space to expand your knowledge and create lasting connections. This year, we’re bringing back our highly anticipated masterclasses, networking breakfast events, alongside a powerhouse team of Xero experts, all dedicated to helping you build a more efficient and profitable practice.

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Recession may reveal wave of Ponzi schemes

Accounting Today

As the odds of a downturn climb, one expert warns that it may result in the uncovering of so-far undetected fraud schemes.

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5 Ways to Cut Payables Overhead | Real Dollars Saved Not Just Efficiency Gains

Fidesic blog

Most articles online about reducing accounts payable overhead are centered around automation, but we thought it would be helpful to offer a few tips that aren't just about improving efficiency, but can actually reduce tangible spending. Here are our five tips to truly cut payables overhead.

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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

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Grant Thornton unites firms in US, UAE, Luxembourg, Cayman

Accounting Today

Grant Thornton Advisors is merging together more international firms in its network, adding firms in the United Arab Emirates, Luxembourg and the Cayman Islands.

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Chat GPT Tips for Accountants & Small Businesses with Diane Gilson

Insightful Accountant

Discover how accountants and small business owners can use Chat GPT to save time, boost productivity, and streamline daily tasks with Diane Gilson.

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Only 2 Things Solve Being Super Busy

Future Firm

More tech wont fix your capacity crunch if youre maxed out. This episode breaks down a smarter way to tackle overcapacity head-on. The post Only 2 Things Solve Being Super Busy appeared first on Future Firm.

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Global tax leaders face uncertainty amid tariff push

Accounting Today

Tax and finance executives around the world are confronting the prospect of increased tariffs and trying to adjust their plans accordingly.

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Matrix Pricing for Labor at Auto Repair Shops [Template]

CSI Accounting & Payroll

Many repair shops use matrix pricing for their parts, but that still leaves labor-only repairs especially ones that take several hours at a huge risk of being underpriced. This directly hurts your profitability.

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Canopy announces $70M funding round

Accounting Today

Accounting practice management software provider Canopy announced a $70 million Series C funding round.

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Live Demo - Supercharge your Month End Close

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

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Intuit to Acquire HR Platform GoCo

Intuit

Today, we announced it has signed an agreement to acquire GoCo, a leading provider of modern HR and benefits solutions for small and mid-market businesses. With GoCo, Intuit will deliver a comprehensive Human Capital Management (HCM) solution to help businesses hire the right employees and manage their workforce effectively, all in one place. The acquisition represents a significant step forward in Intuits strategy to serve growing mid-market businesses with a connected platform that helps custo

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Finance leaders blindsided by hidden fees, price hikes in software

Accounting Today

The vast majority of finance leaders have been surprised by the true price of their software, whether through hidden costs or sudden increases.

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Understanding Financial Services: CFO, CAS, Advisory, and Controller Roles Explained

Accounting Department

The world of financial services can sometimes feel like navigating a maze of overlapping terms and undefined boundaries. Terms like CFO support services, client accounting services, advisory services, and controller services often get thrown around interchangeably, creating confusion for businesses trying to understand what they truly need.

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Avoid 'Jordan's revenge' and find slam-dunk savings for athletes

Accounting Today

The headache of filing dozens of state or international returns due to the so-called jock tax comes with opportunities to tap into savings, experts say.

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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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NCVO Has Dubbed 2025 “The Big Squeeze” – Here’s How to Squeeze-proof Your Charity

Compleatable

As outlined in NCVOs The Road Ahead 2025 , charities across the UK are facing whats being called the year of the big squeeze. Rising costs, increasing demand for services, and shrinking funding streams are converging to place enormous pressure on the sector. For many charities and non-profits, the need to become more financially resilient is urgentand that begins with smarter, leaner operations.

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Why Hiring an Experienced Bookkeeper with an Accounting Degree Is a Wise Business Move

Stephanie Peterson

Running a business comes with a lot of moving parts; managing inventory, handling customer relationships, growing sales, and of course, keeping your finances in order. While many small business owners try to juggle bookkeeping themselves or hire someone without formal training, theres real value in bringing on a professional bookkeeper who not only has experience but also holds a degree in accounting.

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Office supplies expense definition

Accounting Tools

What is Office Supplies Expense? Office supplies expense is the amount of administrative supplies charged to expense in a reporting period. These items are charged to expense when used; or, if the cost of supplies is immaterial, it is charged to expense when the cost is initially incurred. There may be a separate office supplies expense account for each department in a business.

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5 Best Business Debt Consolidation Loans for 2025

Fit Small Business

If youre looking to consolidate business debt, one option may be to get a consolidation loan to help you manage your payments and pay down debt. By combining multiple loans into one, you can simplify your debt obligations and free up cash flow for your business. The best business consolidation loans offer flexible qualification requirements, The post 5 Best Business Debt Consolidation Loans for 2025 appeared first on Fit Small Business.

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Your Accounting Expertise Will Only Get You So Far: What Really Matters

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. 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 (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). 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.

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Offset account definition

Accounting Tools

What is an Offset Account? An offset account is an account that is paired with and offsets another account. The other account contains a gross balance and the offset account reduces this balance, resulting in a net balance. For balance sheet presentation purposes, these two accounts may be merged into a single line item. Types of Offset Accounts There are only a few general classifications of offset accounts, which are noted below.

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A Practical Guide to AP Internal Controls

oAppsNet

For organizations focused on growth and operational excellence, paying invoices on time is not enoughyou also need to do it securely, accurately, and in full compliance. Internal controls within the accounts payable (AP) process are essential for minimizing risk, catching errors early, and reducing fraud exposure. At oAppsNET, we understand that internal controls aren’t just about preventionthey’re about building a scalable, digital-first infrastructure that supports efficiency and a

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Organization-sustaining activities definition

Accounting Tools

What are Organization-Sustaining Activities? Organization-sustaining activities are those actions taken to maintain the operations of a business. For example, a company must pay property taxes, utilities, and insurance, irrespective of what it does to produce goods for sale or provide services to customers. Organization-sustaining activities tend not to vary with the level of activity, and so are more likely to be classified as fixed costs.

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AI Spreadsheets, IRS Mass Resignations, Recession Signs

Cloud Accounting Podcast

Could AI be doing a day's work in just minutes for accountants? In this episode, Blake and David explore how accounting technology is revolutionizing traditional workflows, from Xero's new AI protocol that connects chatbots directly to accounting data, to Google's game-changing "I" function in Sheets that lets you analyze data with natural language.

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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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Ordinary stock definition

Accounting Tools

What is Ordinary Stock? Ordinary stock is an equity instrument that is subordinate to all other types of equity. It represents a fraction of the ownership of the issuing entity. The holder of ordinary stock participates in an entity's profits only after all other types of equity shares have participated. The holder of ordinary stock may receive dividends declared by the issuing company's board of directors , and is also entitled to vote for company directors and other matters, as specified in th

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Trump 'attack' on IRS risks $1T revenue hit, says Summers

Accounting Today

Former Treasury Secretary Lawrence Summers said the Trump administration's moves to downsize the IRS are likely to incentivize reduced tax-payment compliance.

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Omitted dividend definition

Accounting Tools

What is an Omitted Dividend? An omitted dividend is one that would normally have been declared, but for which the board of directors did not vote. This usually occurs when a corporation is experiencing significant financial difficulties, and the board feels that the company needs the cash to meet its current needs. The decision to omit a dividend can be a large one, since investors may react by bidding down the price of the company's stock.

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Trump Administration Repeals Partnership Basis-Shifting Reporting Requirements

Insightful Accountant

The Treasury Department and Internal Revenue Service have announced plans to revoke the partnership basis-shifting reporting regime implemented by the previous administration.

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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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Operating margin definition

Accounting Tools

What is Operating Margin? The operating margin reveals the percentage of profit generated by operating activities. This percentage is useful for determining the productivity of the basic underlying operations of a business, excluding all financing considerations. The measurement can also be used to determine that portion of sales dollars that remain after all operating expenses to pay for financing costs, such as the cost of interest on loans.

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Operating decisions definition

Accounting Tools

What are Operating Decisions? Operating decisions are determinations made in regard to the routine, ongoing activities of an organization. A business usually derives a number of operating decisions and then locks them down through the use of policies and procedures, so that the staff routinely handles them with no need for any management intervention.

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Optimal price definition

Accounting Tools

What is Optimal Price? The optimal price is that price point at which the total profit of the seller is maximized. When the price is too low, the seller is moving a large number of units but is not earning the highest possible aggregate profit. When the price is too high, the seller is moving too few units at a high margin per unit, and so achieves a lesser total profit figure.

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Open account definition

Accounting Tools

What is Open Account? An open account is an arrangement between a business and a customer , where the customer can buy goods and services on a deferred payment basis. The customer then pays the business at a later date. This arrangement is typically capped by the maximum amount of credit that the organization is willing to extend to the customer. The amount of credit that the seller is willing to accept is based on a mix of the historical payment record of the customer, its credit rating, and it

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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.