Wed.Oct 30, 2024

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Unlocking Profit Potential Through Strategic Financial Forecasting

Accounting Department

In the current competitive environment, small and medium-sized businesses (SMBs) must leverage every possible advantage to succeed and expand. Forecasting is a powerful tool that can greatly influence a company's financial success.

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Introducing Xero Mentor Match: A mentoring program for industry partners

Xero

There is a growing movement in the accounting industry towards new services and cloud-based tools, in large part due to the talent shortage crisis being felt across the US and Canada. The number of US accountants decreased by around 17% in the last couple of years, and this talent shortage crisis is causing pressure to evolve the role of the modern accountant.

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professionals

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Intuit rolls out new features and capacities

Accounting Today

Intuit announced new features and capacities, many of them within its QuickBooks line of products.

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XSBI: Are interest rate or income tax cuts benefiting small businesses yet?

Xero

Cuts to official interest rates and income taxes have begun in some countries, with some hoping the changes would help boost consumer spending. Unfortunately, this doesn’t seem to be the case yet for small businesses, according to the latest Xero Small Business Insights (XSBI) data. What cuts have happened? Central banks have been busy in the past few months, switching their focus from raising interest rates in an attempt to fight inflation, to cutting interest rates to boost growth.

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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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Audit partners concerned about 2025 risks

Accounting Today

A potential recession is the biggest economic risk factor that audit partners foresee over the next 12 months, followed by regulations and geopolitical instability, according to a survey by the Center for Audit Quality.

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Top 9 Docsumo alternatives for data extraction

Nanonets

Docsumo is a document processing solution designed to help businesses automate data extraction and reduce manual data entry. It enables teams to automatically extract valuable information from various document types, including invoices, bank statements, insurance forms, and shipping documents. About Docsumo With its AI-powered platform and pre-trained models, Docsumo aims to improve document-heavy workflows, save time, and reduce errors.

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Why Hiring a Professional Tax Preparer Is Inevitable This Tax Season? 

CapActix

Tax season often brings a great deal of pressure. Many individuals and businesses find themselves buried under endless paperwork and confusing regulations. These tasks can be overwhelming, especially when trying to avoid costly errors. This is where you must consider the services of a professional tax preparer. Instead of struggling through forms and laws, you can rely on their expertise to handle everything smoothly and accurately.

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Super Micro auditor EY resigns, citing 'integrity' concerns

Accounting Today

The resignation comes after Department of Justice launched a probe into an ex-employee's claims that Super Micro violated accounting rules.

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Client Accounting Services? | Get Started in 7 Steps

Future Firm

Client Accounting Services are red hot right now. Learn what they are, why they're important and a 7-step process on how to roll them out. The post Client Accounting Services? | Get Started in 7 Steps appeared first on Future Firm.

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Auditors navigate a state of 'permacrisis'

Accounting Today

Richard Chambers is seeing a neverending series of crises confronting internal auditors and posing risks to their organizations.

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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 Azure Backup Costs: A Simple Guide

Economize

Understanding Azure Backup Azure Backup service is a reliable backup and recovery solution for both your on-premise and Azure resources. It protects your critical data and prevents data loss from accidental deletions, ransomware attacks, corruption, or hardware failures.

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Bonadio to merge in Cover & Rossiter

Accounting Today

The Top 50 Firm is expanding into Delaware with its latest M&A deal.

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Intuit Connect showcases Intuit Solutions

Insightful Accountant

Intuit showcases innovation's to fuel accountant success and drive business grown by powering prosperity with AI-driven insights, staffing solutions for scaling businesses, and features that engage and grow your business.

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Xero awards $460K to 'Beautiful Business Fund' winners

Accounting Today

Xero announced the winners of its annual Beautiful Business Fund competition, who each received a portion of $460,000 in prize money. Four were based in the US.

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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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How to Delegate Advisory Work to Your Team

Future Firm

Are you struggling to add advisory services without taking on all the work yourself? Learn how to delegate and make advisory work scalable. The post How to Delegate Advisory Work to Your Team appeared first on Future Firm.

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Lovesac to pay SEC $1.5M over scheme that buried expenses

Accounting Today

The sofamaker agreed to pay $1.5 million to settle allegations that two former executives devised a fraudulent accounting scheme to meet a key Wall Street metric.

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What Will Replace 150-Hour Rule? | EY CPAs Fired For Taking Too Much CPE

Cloud Accounting Podcast

In this episode, Amber Setter returns to discuss the AICPA and NASBA's newly proposed competency-based pathway to CPA licensure, offering a 150-hour-rule alternative. They argue that the complexity of the plan might create more bureaucratic barriers rather than simplifying the process. There's also talk on the challenges facing the profession, including stagnant salaries and declining CPA numbers.

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Let's make accounting great again

Accounting Today

Far too often, accountants get put into a box, and people assume this is a single-path career. But that is far from reality.

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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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Private sector added 233K jobs in October as annual pay grew

Accounting Today

Private sector employers added a robust 233,000 jobs in October as annual pay grew 4.6% year over year, payroll giant ADP reported.

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