Sat.Dec 09, 2023 - Fri.Dec 15, 2023

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Four Pitfalls of Delayed Invoice Payments

Enterprise Recovery: Accounts Receivable

When clients fail to pay their invoices on time, it can negatively impact your cash flow and harm your business in various ways. Maintaining a healthy cash flow is crucial for the success of your business, so it is essential to address any issues with late payments promptly and find effective solutions to ensure a steady and stable financial foundation.

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QuickBooks Desktop Is Dead. Long Live Online!

Cloud Accounting Podcast

Blake and David discuss Intuit's announcement that QuickBooks Desktop will no longer be sold as new subscriptions after July 2024. They also talk about the need for changes in the accounting profession, such as simplifying financial reporting requirements and revising the 150-hour rule. In other news, they cover sanctions against China-based accounting firms, incorrect IRC claims by businesses, and the Adidas-Kanye West fallout.

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Finding the Best Invoice Processing Software in 2024

Nanonets

Your accounts payable team – whose main function is to ensure funds are disbursed properly to vendors, business partners, and sometimes customers – processes an exorbitant number of invoices every single week. When done manually, processing an invoice can take days. If an AP expert has to conduct three-way matching checks , route the invoice to the proper department for approval , initiate the payment process, and get another approval before sending funds, there are many potential

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IRS plans foreign tax credit rules

Accounting Today

The Treasury Department and the Internal Revenue Service expect to issue proposed regulations to address the application of the foreign tax credit and related rules and the dual consolidated loss rules to certain types of taxes described in the GloBE Model Rules.

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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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A Place Where Women in Sales Want to Work

Intuit

Championing women in sales When companies ramp up their diversity and inclusion efforts, their focus usually goes to tech and engineering roles. But women are underrepresented in sales, too. That’s why it’s meaningful that Intuit was recently recognized as number one on the list of the “Top 25 Companies Where Women Want to Work” released by GirlsClub, a professional organization focused on getting more women in sales leadership.

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Budgeting and Planning for 2024: A Guide for Businesses

Accounting Department

With a new year just around the corner, it's time for organizations to start thinking about their budgets for 2024 - if they haven't already. Effective budgeting and planning are critical to the success of any business. It helps in making smart financial decisions, optimizing resource allocation, and achieving business objectives.

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FASB issues cryptoasset standard

Accounting Today

The Financial Accounting Standards Board released its long-awaited accounting standards update to improve the accounting for and disclosure of certain cryptoassets.

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Twelve Months of New Features: a 2023 Recap

Compleatable

Our developers have been hard at work this year, listening to feedback from our iCompleat users and constantly improving your experience. Cast your mind back to January (insert ‘it feels like a lifetime ago’ comments here!)- a New Year, and some new tweaks to your user experience. We made it even easier to create a new order by adding the layout and supplier within the Requisition form, as well as adding a shiny new duplicate function to Purchase Orders.

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Coaching Work-Life Balance from a Management Level | Beyond the Books Podcast by AccountingDepartment.com

Accounting Department

We are thrilled to announce that Episode 8 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

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Faces in FinOps Podcast: Episode 15 with Eli Mansoor, Pt. 1

ProsperOps

“Faces in FinOps” is hosted by Jon Myer and powered by ProsperOps. Greetings and welcome to another stellar episode of the Faces In FinOps Podcast, powered by ProsperOps, with your host, Jon Myer. This week we’re excited to have Eli Mansoor , a FinOps evangelist and CEO/Founder of OskaQ Consulting , a business focusing on improving cloud customers’ gross margin by optimizing vendors’ agreements and cloud spend.

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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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IRS restructures leadership

Accounting Today

The Internal Revenue Service has reorganized its leadership structure at the top, with a single deputy IRS commissioner instead of two, and four chief executives to lead taxpayer service, compliance, information technology and operations.

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Twelve Months of New Features: a 2023 Recap

Compleatable

Our developers have been hard at work this year, listening to feedback from our iCompleat users and constantly improving your experience. Cast your mind back to January (insert ‘it feels like a lifetime ago’ comments here!)- a New Year, and some new tweaks to your user experience. We made it even easier to create a new order by adding the layout and supplier within the Requisition form, as well as adding a shiny new duplicate function to Purchase Orders.

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AccountingDepartment.com Gears Up for its 10th Vistage ChairWorld

Accounting Department

We're happy to announce that AccountingDepartment.com is gearing up for its 10th Vistage ChairWorld event in January! As a proud National Sponsor for the past decade, this event holds a special place in our hearts, and we can't wait to reconnect with familiar faces and forge new connections in 2024.

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AIOps Explained: Transforming IT with Artificial Intelligence

ProsperOps

AIOps is a convergence of AI and IT operations, helping AWS users grapple with the intricacies of cloud computing. According to McKinsey, 70% of companies will employ hybrid or multicloud management technologies, tools, and processes in the years ahead. Because of this relentless pace of technology development, AWS customers often find themselves managing complex IT problems, and the challenge they face is to keep up without compromising customer service.

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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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The future of the trusted advisor: Challenges and opportunities

Accounting Today

As the accounting profession enters a period of unprecedented change, the AICPA's Barry Melancon highlights the upsides and downsides.

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Sage 50 – Features, Use Case, Alternatives, & Limitations

Ace Cloud Hosting

Managing finances and accounting is a crucial aspect of any business, regardless of its size. Sage 50 Accounting software has long been a trusted solution for businesses looking to streamline.

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QuickBooks Enhanced Reporting Changes Underway

Insightful Accountant

Intuit will initiate major reporting enhancements for QuickBooks Online and QuickBooks Online Advanced users starting December 15, 2023.

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Plooto bolsters executive team with seasoned fintech leaders from PayPal and Xero

Plooto

The strategic Risk and Partnerships hires will build on Plooto's 2023 momentum and supercharge market expansion in 2024 to further support growing businesses

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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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Mileage rates rise for 2024

Accounting Today

The new deduction rates apply to electric and hybrid vehicles, as well.

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6 Benefits of AI Insurance Claims Processing

Nanonets

A survey by Accenture on underwriting employees found that up to 40% of underwriters’ time is spent on non-core and administrative activities. They estimate that this represents an industry-wide efficiency loss of up to $160 billion over the next five years. Integrating AI and automation into the underwriting workflow presents a significant opportunity to minimize the time allocated to administrative tasks, manual processes, and repetitive data entries.

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Manolo Blahnik Pairs with NetSuite

Insightful Accountant

Fashion shoe brand Manolo Blahnik uses NetSuite to enhance supply chain efficiency, consolidate financial processes, and improve visibility into its growing global operations.

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Designing Future-Proof Purchase-to-Pay Operations

Cevinio

We will uncover Alpar’s insights on maintaining an effective P2P team, with a special focus on the transformative power of automation technology. Additionally, we’ll discuss AP challenges and, more importantly, solutions to overcome them. During this interview, you will learn about: Keys to having an effective P2P function The transformative impact of AP automation: before and after Important features in AP Automation for operational success Factors for a successful transformation Ab

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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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IFAC sees need for internal controls for sustainability

Accounting Today

The International Federation of Accountants wants organizations to combine sustainability reporting with their existing internal control and governance frameworks.

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5 Trends That Will Impact Your Business in 2024

Compleatable

It’s almost that time of the year again: time to adorn the office Christmas tree in tinsel, share your Spotify wrapped with anyone who will listen, and eagerly draft up your seasonal out-of-office message. While many of us take time to celebrate the year’s achievements (and by achievements I mean yay- we survived!), it’s also a crucial time to look forward at 2024 and predict what will be in store.

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ProAdvisor Training Tab Includes Tax

Insightful Accountant

Tax training has been added to the QuickBooks Online Accountant, ProAdvisor Training tab. Training is available for both ProConnect Tax Online and Intuit Tax Advisor products.

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How to Safeguard AP Operations Against Invoice Fraud

Cevinio

How to Safeguard AP Operations Against Invoice Fraud The rapidly growing invoice fraud risk poses a significant threat to businesses. Having the potential to cost hundreds of thousands of dollars in losses, it can decimate business-to-business relationships and cause irreparable damage to an organization’s good reputation. It’s imperative to protect your organization against invoice fraud, also known as AP fraud, as a result.

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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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IIA approves revised global internal audit standards

Accounting Today

The International Internal Audit Standards Board voted to approve a set of new standards that are expected to be released in January.

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5 Trends That Will Impact Your Business in 2024

Compleatable

It’s almost that time of the year again: time to adorn the office Christmas tree in tinsel, share your Spotify wrapped with anyone who will listen, and eagerly draft up your seasonal out-of-office message. While many of us take time to celebrate the year’s achievements (and by achievements I mean yay- we survived!), it’s also a crucial time to look forward at 2024 and predict what will be in store.

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Have You Found that New Report Yet?

Insightful Accountant

Murph takes you through the steps to build one of the new reports in QuickBooks Enterprise v24 that wasn't available upon initial release that showed up in R3.

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3 Canadian Legislation Changes In 2024 To Keep In Mind

The Successful Bookkeeper

Whether you’re already mentally in holiday mode or are spending the next few weeks tying up what feels like a thousand loose ends, one thing’s for sure: a new year is right around the corner.

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How to Modernize Manufacturing Without Losing Control

Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives

Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri