Sat.Jul 15, 2023 - Fri.Jul 21, 2023

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IRS warns of summertime tax scams

Accounting Today

The Internal Revenue Service is seeing a surge of tax scams this summer hitting taxpayers via email and text messages touting tax refunds and quick fixes to their tax problems.

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Q&A with England Football legend Karen Bardsley

Xero

Ahead of the FIFA Women’s World Cup 2023, we sat down with Karen Bardsley to find out her perspective on the growth of the women’s game. Karen was goalkeeper for the England Women’s team, and she played for and now oversees the women’s teams at Manchester City F.C. Q: When you were younger, did you dream of becoming a professional footballer or did you have another career in mind?

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Top KPIs for Manufacturing Businesses

Accounting Department

In the competitive world of manufacturing, success hinges on the ability to measure and improve crucial metrics that drive operational efficiency, quality, and profitability. Key performance indicators (KPIs) provide valuable insights into the performance of various aspects within a manufacturing company, enabling data-driven decision-making and fostering continuous improvement.

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ExpensiCon 3: How Artificial Intelligence Will Save Accounting

Blake Oliver

How will generative AI change the accounting profession? Learn how in this video of my presentation, “How Artificial Intelligence Will Save Accounting.” We’ll explore the transformative impact artificial intelligence will have on the accounting industry in the coming years. With talent shortages causing pressing problems, AI represents a long-awaited solution to boost productivity.

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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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ESG due diligence affects M&A deals

Accounting Today

With increasing demands from regulators and investors to provide some form of sustainability reporting and climate-related disclosures, companies pursuing mergers and acquisitions need to vet their potential targets more closely.

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Xero’s D&I commitment and support of the Indigenous Voice to Parliament in Australia

Xero

Xero’s commitment to diversity and inclusion (D&I) across our global business extends to championing D&I in the communities in which we operate, including Indigenous communities globally. We believe driving better D&I outcomes can help amplify our positive impact on the world. This commitment aligns with our values and our purpose to make life better for people in small business, their advisors and communities around the world.

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Review of TurboTax LIVE Full Service Business 2023 for Tax Professionals

Blake Oliver

Tax pros - want an inside look at TurboTax's new full-service offering for business returns? My business partner David Leary and I just went through the process of using TurboTax LIVE Full Service for our partnership return and recorded our experience in a new video. Watch to see: How the onboarding and document collection process works Where the experience fell short compared to working directly with a CPA/EA The surprise requirements needed before our preparer could file How responsive and ava

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Study finds Great Recession increased physical pain as well as economic

Accounting Today

A recent study said that the Great Recession caused not just economic pain but long term physical pain in certain individuals as well, an effect that persists well into the present day.

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How Do I Find My Small Business's Break-Even Point?

CSI Accounting & Payroll

When you own a small business, you need to be aware of your financial health. This is done through tracking KPIs (Key Performance Indicators). An important KPI that's easy to calculate on your own is your break-even point. Knowing your break-even point helps you find out what it takes for your business to be profitable, and it's especially valuable to product-based businesses and startups.

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AWS Textract Teardown - Pros and Cons of using Amazon's Textract in 2023

Nanonets

Text Recognition in 2023 In many companies and organizations, plenty of valuable business data is stored in documents. This data is at the heart of digital transformation. Unfortunately, according to statistics, 80% of all this data is embedded in unstructured formats like business invoices, emails, receipts, PDF documents, and many more. Therefore, to extract and make the most out of information from these documents, companies slowly started relying on Artificial intelligence (AI) based service

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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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Automate Client Savings with Relay's Savings Accounts & Auto Transfer Rules

Blake Oliver

Relay now has Savings Accounts! Watch this 2-minute video to learn how to pair Savings Accounts with Auto Transfer Rules to help clients save a little bit every day AND earn interest — all without lifting a finger.

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Nonprofits benefit from remote accountants

Accounting Today

Despite the return to the office following the easing of the COVID pandemic, some accountants who work with nonprofit organizations are still working remotely as well.

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50+ Key SaaS Statistics To Know In Under 15 Minutes (2023)

CloudZero

Getting the right information at the right time can dramatically change the direction of your business. Yet, you may not have enough time to keep up with everything.

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Another QuickBooks Email – "Final Reminder"

Insightful Accountant

The newest email from Intuit QuickBooks is a Final Reminder to Become PCI Compliant Today. I have one and don't even have an active Payments Account.

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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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Best Practices for Secure Financial Document Management on the Cloud

LedgerDocs

Cloud storage has become increasingly popular because of its numerous benefits, including accessibility, scalability, and cost-efficiency. However, entrusting sensitive financial data to the cloud can be nerve-wracking. As more and more personal information makes its way online, data security becomes a bigger concern. In this blog, we will outline some of the best practices for keeping financial documentation on the cloud while ensuring data integrity, confidentiality, and compliance.

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Software spending rose 25% in 12 months

Accounting Today

Recent data says that companies spent significantly more on software over the past year, with finance departments' spending in particular seeing major spikes.

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The Ultimate Guide: How SaaS Companies Tackle Non-Payment Issues

Enterprise Recovery

As the SaaS industry experiences exponential growth, it is not surprising that non-payment issues have become a pressing concern. Non-payment creates cash flow challenges and hampers the ability to invest in product development, customer support, and overall business growth. It's imperative for SaaS companies to address non-payment issues proactively.

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Index Up as Small Businesses Plan for More Hiring, Higher Revenue

Insightful Accountant

According to the latest MetLife & US Chamber of Commerce Small Business Index, small businesses are feeling better about the future. Read more here.

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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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When to Invest in Your Own Business’s Growth

Nolan Accounting Center

When you own your own business, there are lots of things to think about and decisions that must be made. One of these major decisions is when you should invest in your own business’s growth. Often, there are valid reasons for both sides of the argument- it all comes down to your personal thoughts and situation. Nolan Accounting works with small businesses around Southeast Wisconsin.

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Puerto Rico helps IRS investigate tax dodgers

Accounting Today

The island's top economic development official says he's actively cooperating with U.S. tax authorities as they investigate about 100 high-income individuals.

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Does A/R Know When to Escalate to Collections?

Enterprise Recovery

If your business is in a situation where goods or services have been provided, but your customer has failed to pay their invoice on time, it's up to your accounts receivable team to follow up. Your A/R department, however, can only do so much to ensure that your business receives the payment it deserves and maintains a healthy cash flow. It's crucial to provide a detailed process for escalating past-due invoices beyond accounts receivable to collections.

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The 9th Annual Accounting Firm Operations and Technology Survey is Here

Insightful Accountant

The accounting profession’s first and only national, independent premier benchmark survey for practicing accounting, tax and bookkeeping professionals will remain open through Sept. 1.

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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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The difference between accounting and bookkeeping

Accounting Tools

Related Courses Accountants’ Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook What is Accounting? Accounting is the systematic recordation of the financial transactions of a business. The recordation process includes setting up a system of record keeping, tracking transactions within that system, and aggregating the resulting information into a set of financial reports.

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Crypto scam losses soared in U.S., fell in rest of world

Accounting Today

Cryptocurrency fraud losses nearly doubled last year in this country, a marked contrast with the rest of the world, where they actually fell by around half.

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Top 8 Features of QuickBooks Enterprise for Manufacturing Businesses

Ace Cloud Hosting

Some aspects of accounting are universal to all businesses, such as recording transactions, collecting revenue, and paying bills. But accounting for a manufacturing business involves some unique ones. The manufacturing.

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QuickBooks Time Now QuickBooks Workforce

Insightful Accountant

Intuit has consolidated pay and tax info into this new QuickBooks Workforce centralized app.

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Putting the ‘Tech’ in Spend Management Techniques

Speaker: Wayne Spivak, President and CFO of SBA * Consulting Ltd., Industry Writer, Public Speaker

If you’re lost in the world of spend management needs and your GAP analysis is lacking perspective on the future state of your business performance, listen up! With the advancement of technology, the implementation of spend management best practices and concrete GAP analyses is more streamlined and accessible than ever before. And while this may sound like great news for you and your clients, it won’t be worthwhile unless you have the latest techniques to back up your ambitions!

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The difference between net income and net cash flow

Accounting Tools

Related Courses Financial Analysis The Interpretation of Financial Statements What is Net Income? Net income is the revenues recognized in a reporting period, less the expenses recognized in the same period. This amount is generally calculated using the accrual basis of accounting , under which expenses are recognized at the same time as the revenues to which they relate.

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Whitehouse aims to bring new perspectives to ITA

Accounting Today

Recently appointed the president of the Information Technology Alliance, Geni Whitehouse wants to be a bridge between small and middle-market businesses.

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Business Process Automation

Nanonets

Implementing Business Process Automation (BPA) can give your employees extra hours each day. And that means more time for them to focus on core, needle-moving tasks. End result? A much more efficient, and more productive business operation. No employee should have to give up their personal time because they are spending half their workday on tedious, repetitive tasks that can be automated.

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QuickBooks Checking Simplifies Bank Feeds Matching

Insightful Accountant

You will save time due to the high-confidence recommended matches using QuickBooks Checks.

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Global Accounting Principles and Commission Capitalization

Speaker: Ryan Dillard, Chief of Staff Director at CBIZ ARC Consulting LLC; Kelly Hicks, Global Controller at Airbase

ASC 606 is the revenue recognition standard that sets global accounting principles for all private or public companies that enter sales agreements or contracts with customers. Along with ASC 606, ASC 340-40 was added to address accounting costs to obtain a contact and costs to fulfill a contract. Join us for this webinar when Airbase Controller Kelly Hicks and Ryan Dillard, a Director at CBIZ ARC Consulting explore how to approach capitalizing sales commissions under ASC 340-40.