Sat.Jan 06, 2024 - Fri.Jan 12, 2024

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Upgrading Your Traditional Bookkeeping with FP&A

Accounting Department

Every savvy business leader knows the value of having a well-run bookkeeping or accounting department. However, not everyone is aware of how important it is today to have a financial planning and analysis (FP&A) team to help back their business with effective and accurate financials.

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Velocity Hacks: How to Work Smarter, Not Harder

Intuit

In today’s fast-paced world, the rate of change might feel like being on a busy freeway or chasing the speed of light. At work, we need to keep up with the rapid (and constant) advancements in technology, making it difficult to maintain a balance between being efficient and delivering quality results. And we’ve become conditioned to expect speed and quality outside of work, too.

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The 5 Best Tools for BigQuery Data Visualization

Economize

Google’s BigQuery, a powerful data warehouse part of GCP has become indispensable for managing extensive datasets. It is particularly effective when paired with data visualization and Business Intelligence (BI) tools. These enhancements allow users to convert complex data into clear, actionable insights.

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AI in Accounts Payable: Can a Computer Do My Job? 

AvidXchange

If you’re worried that artificial intelligence (AI) may make your job obsolete, you’re not alone. A recent Forbes Advisor survey found that 77% of consumers are concerned that AI will cause human job loss in the near term. Experts have identified many use cases for AI in accounts payable (AP) and other finance and accounting functions, noting that the technology is particularly well-suited to these data-centric departments.

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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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Is FreshBooks Right for My Clients? 5 Questions to Ask

Outsourced Bookeeping

Are you thinking about selecting the ideal accounting software for your customers? They could find that FreshBooks is the game-changer they need! However, how can you tell whether it’s the right fit? By posing pertinent queries, you may determine whether FreshBooks meets the particular business requirements of your clients. FreshBooks has a lot of features, like monitoring costs and making invoicing easier.

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IRS expands enforcement efforts and tech improvements

Accounting Today

The Internal Revenue Service reported progress Friday on its efforts to increase its audits of large corporations, complex partnerships and high-income individuals, collecting over half a billion dollars from millionaires who didn't pay their taxes.

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Meet our new US Xero Partner Advisory Council members

Xero

We have the pleasure of welcoming six new members to our US Xero Partner Advisory Council (XPAC). The XPAC is made up of a diverse panel of accountants and bookkeepers who are thought leaders and pioneers in the profession, and eager to share their unique ways of thinking, case studies and past successes to inform the future. Korbyn Gallegos, Director of Accounting, Ignite Spot Korbyn has been a critical player at Ignite Spot since 2015.

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Best Laptops for CPAs and Accountants this Tax Season

Ace Cloud Hosting

During tax season, CPAs face numerous responsibilities; as they deal with clients directly, they must ensure a proper workflow. A laptop should have all the features that enhance work flexibility.

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IRS to begin accepting business tax returns next week

Accounting Today

The official start date of tax season for individual taxpayers will be on Jan. 29, but the Internal Revenue Service plans to accept business tax returns as soon as Jan. 16.

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The Journey From a Rigid Firm to Work-Life Harmony | Beyond the Books Podcast by AccountingDepartment.com

Accounting Department

We are thrilled to announce that Episode 10 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

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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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New Year, New Outlook: 4 Ways to Grow Your Firm

Insightful Accountant

After a break with too many desserts and not enough gifts, it's time to get back to work. Instead of focusing on losing weight or setting a budget, let's concentrate on helping teams and clients prosper. Take action with these four growth strategies.

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Financial Planning Tips for Business Owners

Enterprise Recovery

While much of your budget planning was likely done in the fourth quarter, it's never too late to set your business up for success in the new year. Financial planning is valuable at any time - whether you're evaluating your business investments or measuring why your cash flow is slow. Read further to discover essential financial planning tips for business owners to ensure long-term success and growth.

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IRS move narrowing access to tax data sparks lender outrage

Accounting Today

The agency plans to restrict access to a system that provides borrower tax returns to mortgage lenders beginning June 30. Left out of the loop, small-business lenders say getting credit to borrowers will become more difficult as a result.

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The negative impact of busy season Saturdays

Blake Oliver

Research shows mandatory overtime backfires.

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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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Murph will host next week's ProAdvisor Meetup

Insightful Accountant

Murph wants to know what you think, that's why you are invited to a ProAdvisors ProAdvisor "open microphone' Meet-up for the January edition of QB Talks. Let's talk Awards, ProAdvisor Program and QuickBooks Desktop among other topics.

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How Much Tax Preparers Charge

Cloud Accounting Podcast

Blake throws his hat into the ring for President and CEO of NASBA! Hear how he intends to shake things up should he be chosen! Next, Blake and David unpack a survey on the surprisingly low tax-preparer fees across the country, discuss the headaches still posed by interstate CPA licensing, and consider some solutions like modeling CPA reciprocity rules!

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Illinois CPAs spot numerous issues with accountant retention

Accounting Today

Salary, burnout and work-life balance are among the factors affecting retention of accountants, according to a report from the Illinois CPA Society.

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Harness the Power of AI: Practical Uses for Accountants

Earmark Accounting Podcast

On this bonus episode Blake explores how artificial intelligence will transform the accounting profession. You'll learn how leading AI tools and chatbots can help automate routine tasks, freeing you up to focus on more strategic, higher-value services. He'll also walk through real-world examples of using AI for document analysis, tax research, correspondence, transcript review, drafting/editing, and more.

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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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Time is getting short, Nominate a ProAdvisor for the 2024 Awards

Insightful Accountant

If you haven't received a notice of nomination for the 2024 ProAdvisor Awards then we suggest you just go ahead and nominate yourself! And while you are nominating yourself, nominate another deserving ProAdvisor as well.

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5 AWS Glue Cost Optimization Strategies + ETL Setup Tutorial

Economize

AWS Glue In a data-driven world, clean and organized data serves as the driving force in decision making. This requires integrating and processing data from difference sources. This process is made easier with AWS Glue. AWS Glue is a serverless, data integration service that provides visual and code-based interfaces for data integration.

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Companies worry about double taxation from global tax reform

Accounting Today

International tax professionals are concerned that multinational companies could be facing the prospect of double taxation as a result of the OECD's tax changes, according to a new survey by EY.

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8 Tips to Avoiding Financial Woes This Tax Season

Outsourced Bookeeping

Financial responsibilities may be confusing and important for both people and organizations to navigate as tax season draws near. Tax rules can be complicated, which might raise questions regarding prospective obligations, financial stability, and compliance. Adopting sound financial strategies is essential to avoiding tax-related errors and ensuring a seamless, stress-free approach.

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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 Funny 'Item' Checkbox to Make QuickBooks Items Two-Sided

Insightful Accountant

The magical 'checkbox' turns one-sided items into two-sided items allowing you to use the same item to sell and purchase, and making for proper reporting on item profitability.

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Insurance Automation: Benefits, Use cases, and more

Nanonets

Every day, millions of people sign up for different insurance policies for their and their families' security. However, with the rapid growth in the insurance sector, the industry has reached a point where growth can only be achieved through insurance automation. At the moment, while applying for a policy or making a claim, customers have to deal with long and tedious processes most of which are carried out manually by insurance companies.

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Congress nears deal on $70B tax break for businesses, children

Accounting Today

U.S. congressional negotiators are nearing a bipartisan deal to renew expired business tax breaks and boost the child tax credit in time for many voters to receive the benefit during the current election year.

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QuickBooks Hosting Provider: Your Essential Strategic Partner for Business Growth

Ace Cloud Hosting

In today’s fast-paced business landscape, efficiency and reliability are your most valuable assets. That’s where QuickBooks hosting providers come in, taking your accounting software to the cloud and unlocking a.

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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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QuickBooks + MainStreet Headed Your Way

Insightful Accountant

Intuit QuickBooks has partnered with MainStreet to help SMBs take advantage of the various tax breaks available to them. QuickBooks users will soon begin being notified of potential tax credit availability.

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How to Copy Text From PDF?

Nanonets

If you've ever found yourself wrestling with PDFs, desperately trying to extract crucial information, you're in the right place. In this post, we're diving into the practical side of things – no frills, just five straightforward ways to copy text from PDFs. Whether you're a tech enthusiast, a student, or a professional navigating the digital landscape, these methods will make text extraction a breeze.

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Hunter Biden pleads not guilty to tax charges in California

Accounting Today

Hunter Biden may face trial this summer in the middle of his father's election campaign after pleading not guilty to charges that he failed to pay taxes on millions of dollars in income from foreign businesses.

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Amazon Q – GenAI for Work

Ace Cloud Hosting

Have a Question? Why not ask your new AI assistant, Amazon Q(uestion)? On Nov-28th, 2023 at Amazon Web Service’s (AWS) yearly conference, ‘the re:Invent 2023’, Amazon unveiled Amazon Q. This.

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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.