Sat.Jun 08, 2024 - Fri.Jun 14, 2024

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How accountants and bookkeepers can improve productivity through apps

Xero

What’s your practice doing to keep up with apps and AI? As the business landscape evolves, the accounting industry must adapt to remain competitive and meet the changing needs of clients. We recognise that one key area of focus is the integration of app stacks and artificial intelligence (AI) into accounting practices so as to support future productivity and growth.

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A midyear multistate payroll compliance checklist

Accounting Today

If you have clients with employees in more than one state, they must pay attention to the payroll-related rules and tax responsibilities in the states where those staff live and work.

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professionals

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Navigating DCAA Accounting: A Comprehensive Guide for Government Contractors

Accounting Department

When it comes to compliance with government regulations, navigating the intricacies and nuances of DCAA accounting is essential for any government contractor. DCAA stands for Defense Contract Audit Agency, a branch of the Department of Defense that is tasked with auditing and evaluating proposal and contract costs for the government.

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Intuit to Acquire Technology from Zendrive

Intuit

Today, Intuit announced that we’ve signed an agreement to acquire technology from leading mobility risk intelligence provider Zendrive. Certain Zendrive employees, including CEO Dennis Ellis and Co-founder and CTO Pankaj Risbood, will join Credit Karma to accelerate innovation and adoption of its usage-based auto insurance product, Karma Drive.

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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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New features announced at Xerocon London

Xero

We’ve just kicked off day one of Xerocon London and I’m buzzing about all the new Xero products and features that we announced this morning! Our vision is to build the most insightful and trusted small business platform. And Xero is making a big investment in the UK as part of its business strategy. If you couldn’t make it to Xerocon, or just need a recap, here are a few of the key announcements about things that are now available or coming soon.

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CTA opens door to new kinds of scams

Accounting Today

The Corporate Transparency Act, ostensibly meant to address scams and other crimes, has ironically opened the door to new kinds of scams directed at small-business owners.

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More Trending

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Intuit to acquire technology from Zendrive

Intuit

Today, Intuit announced that we’ve signed an agreement to acquire technology from leading mobility risk intelligence provider Zendrive. Certain Zendrive employees, including CEO Dennis Ellis and Co-founder and CTO Pankaj Risbood, will join Credit Karma to accelerate innovation and adoption of its usage-based auto insurance product, Karma Drive.

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That’s a wrap for Xerocon London 2024!

Xero

We’ve just wrapped Xerocon London 2024, and what a magical two days it’s been. Although Xerocon is a chance for us to update everyone about the industry trends we’re seeing, and the new product features we’ve been building, it really is about the people. Bringing our community together and experiencing that magic in person, is priceless. Day two brought more insightful keynotes, breakout sessions and activity from our exhibitors.

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Execs say most companies won't last 10 years with current business model

Accounting Today

A new PricewaterhouseCoopers survey reveals executives think reinventing the business model is essential for companies' survival amid an increasingly risky business environment.

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The Importance of Transparency in Business | Beyond the Books Podcast by AccountingDepartment.com

Accounting Department

Andrea Boccard teams up with Dennis Najjar, co-founder of AccountingDepartment.com, to explore the pivotal role of transparency in business success.

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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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2025 ProAdvisor Awards Prep: Traits of a Top ProAdvisor

Insightful Accountant

The 2025 ProAdvisor Awards process will launch earlier than ever, so I can think of nothing to help motivate and prepare you than Matt Fulton's article setting forth the "right stuff" to becoming the 'Best of the Best.

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How GenAI-powered Just Ask Xero will reimagine accounting

Xero

It was so exciting to demonstrate Just Ask Xero (JAX) live in front of an enthusiastic crowd of accountants and bookkeepers at Xerocon London today. We previewed this innovative new product at our Investor Day earlier this year, and we’re really proud to be able to show a live demo only a few short months later. JAX, your smart business companion, available in beta in August this year, will help you and your clients run your businesses more efficiently.

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Trump tells CEOs he would cut corporate tax rate to 20%

Accounting Today

Donald Trump promised to lower the corporate tax rate to 20%, further reducing the income levy on the largest U.S. companies that he already slashed while president.

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Decoding the dilemma: automation vs standardization in Accounts Payable

Cevinio

We explore the essential decision for modern enterprises: what should come first—automation or standardization in Accounts Payable?

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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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15 Types of QuickBooks Enterprise Reports Your Business Should Look At

Ace Cloud Hosting

Accounting records can tell you a lot about a business, its costs, profitability, and financial position. But those insights are rarely found by looking at transaction-level details. Instead, business owners.

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It’s a wrap! Day one at Xerocon London

Xero

After my first Xerocon as CEO at Sydney last year, the bar was set high for this year’s event here in London. And wow! Day one has knocked it out of the park. We kicked off with an incredible performance from Harry Yeff, also known as Reeps One, who uses AI to create unbelievable sounds and music. Our brilliant host (and a familiar face on British TV) Sue Perkins, then welcomed everyone to Xerocon London and quickly had us all in stitches.

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IMA tries to attract young accountants

Accounting Today

The Institute of Management Accountants held its annual conference this week in San Antonio, Texas, where it discussed ways to attract more people to join the profession.

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The Struggles of Digitizing Bookkeeping Documents and How Overcome Them

LedgerDocs

Digitizing bookkeeping documents has become necessary to keep up with modern business document filing standards, however the journey from paper to pixels can be a challenging one. Here are some common struggles faced during this transition and the LedgerDocs solution: 1. Volume and Variety of Documents The Problem: The sheer volume of invoices, receipts, financial statements and tax forms that need to be scanned, uploaded and filed can make this task overwhelming to start.

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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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Groceries, Gas and QuickBooks - Infalation Continues

Insightful Accountant

Intuit has announced price hikes for QuickBooks Products and Services starting August 1, 2024. These price changes impact a multitude of Online and Desktop products.

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How does productivity in your industry or region stack-up?

Xero

Earlier this year, we shared that we’d be releasing the second part of our Xero Small Business Insights (XSBI) productivity report series. Our latest report, Small business productivity: industry and regional trends , builds on the first report released in April. It takes a deep deep dive into labour productivity at the industry and regional level across Australia, New Zealand, and the UK.

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KPMG initiative helps nonprofits use AI

Accounting Today

KPMG launched its new "AI Impact Initiative," which will focus on helping nonprofits implement AI as well as provide AI training and education for the "workforce of the future.

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Microsoft 365 Home Vs Microsoft 365 Business: Which One Is Better?  

Ace Cloud Hosting

Microsoft 365 is a set of apps and services used by over a million businesses worldwide. It is a cloud-based solution with multiple features that provide a secure and affordable.

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Navigating the Automation Landscape: Selecting Tools That Fit Your Business

Speaker: Gary Dmitriev

Our upcoming webinar aims to demystify the process of selecting and implementing automation tools for financial institutes. This session will provide your roadmap for vetting potential solutions, focusing on due diligence, vendor assessments, and aligning technology with strategic goals. We’ll also address the critical issue of innovation fatigue, offering tips on maintaining enthusiasm and momentum for new initiatives.

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Assign Custom Roles to QBO-Accountant Team Members for Clients' Books

Insightful Accountant

A new feature rolling out this month allows firms using QBO-Accountant to manage their team member's access to their client's books.

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Royalty Payments

Tipalti

Royalty payments help support the gig economy by ensuring that inventors, creators, artists and other intellectual property owners are compensated appropriately for their work. Learn more.

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Founder Files: Starting a firm by accident

Accounting Today

Keila Hill-Trawick founded her firm, Little Fish Accounting, in 2018 after she started helping her friends with their taxes as a side hustle.

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Negative liability definition

Accounting Tools

What is a Negative Liability? A negative liability typically appears on the balance sheet when a company pays out more than the amount required by a liability. For example, if you were to accidentally pay a supplier's invoice twice, the first payment would reduce the original liability recorded in accounts payable to zero, while the second payment would have no offsetting liability, resulting in a negative liability on the balance sheet.

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Secure SaaS Success: Embedded Finance as a Competitive Advantage

Speaker: Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms

Join us for an exclusive webinar hosted by Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms, where he’ll explore the significant impact of embedded finance on the software industry! This session is designed to provide you with the strategic insights needed to navigate the future of SaaS successfully, all while gaining a deeper understanding of how these trends can enhance your competitive edge, boost revenue, and deepen customer loyalty.

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Jun 8, Form 1099-NEC vc Form 1099-K vs Form 1099-MISC

Bookkeeping Essentials

Explains the IRS Form 1099-NEC vs 1099-MISC vs 1099-K. Understanding the differences, how to file the forms and what the deadlines are.

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Accountant Approved Apps Disappointing

Insightful Accountant

Intuit recently launched something they are calling Accountant Approved Apps; I must say that I was somewhat disappointed by these 'groupings.

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Trump floats tax-free tips in pitch to win Las Vegas workers

Accounting Today

Donald Trump said he'd scrap taxes on tipped earnings for hospitality workers if he wins the White House, calibrating his message for swing-state voters in Nevada as he fights back after his felony conviction.

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Days cash on hand definition

Accounting Tools

What is Days Cash on Hand? Days cash on hand is the number of days that an organization can continue to pay its operating expenses , given the amount of cash available. Managers should be aware of the days cash on hand when a business is starting up, and is not yet generating any cash from sales. It is also worth reviewing during the low part of a seasonal sales cycle, when there may be no sales.

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How to Easily Navigate Crypto Accounting in the Web3 Era

Speaker: Aaron Jacob, VP of Accounting Solutions & Reagan Cook, GTM Lead

Are you struggling to navigate the complexities and challenges that come with crypto accounting? 🤔 This new webinar will cover everything businesses need to know to get started with crypto accounting after incorporating crypto into their business models! Industry experts Aaron Jacob and Reagan Cook of TaxBit will thoroughly explore the prevalent operational hurdles encountered by accounting teams when interacting with crypto on the books, and detail how software solutions can effectively