Sat.Sep 23, 2023 - Fri.Sep 29, 2023

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8 Must-Have QuickBooks Reports That Can Simplify Your Tax Filing ProcessĀ 

Ace Cloud Hosting

Did you know that QuickBooks has your back when it comes to simplifying your tax filing process? Well, it does, and it’s a game-changer. QuickBooks, the versatile accounting software, is.

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IRS expands features in Tax Pro Accounts

Accounting Today

The Internal Revenue Service is allowing tax practitioners to see their client's tax information, including balance due amounts, as well as withdraw from their active authorizations online in real time.

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40 years of powering prosperity: Highlights from Intuitā€™s 2023 Corporate Responsibility and Diversity, Equity, and Inclusion Report

Intuit

At Intuit, we believe everyone should have the opportunity to prosper, and for 40 years we’ve been working to make that a reality. Today, Iā€™m proud to announce the release of our 2023 Corporate Responsibility and Diversity, Equity, and Inclusion report. Corporate responsibility (CR) and diversity, equity, and inclusion (DEI) are core to who we are and intrinsic parts of our business strategy.

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Employee management tools to help your cash flow

Xero

With economic conditions putting pressure on Australian small businesses, owners are looking at different ways to maintain a healthy cash flow. Our ā€˜Money mattersā€™ report showed that 61% of Australian small business owners increased their prices in the last 12 months to stay ahead of rising costs and make a profit. 27% also had to dip into their personal savings to manage their cash flow.

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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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AccountingDepartment.com Attends EO Alchemy 2023

Accounting Department

To kick off this year's series of Entrepreneurs' Organization (EO) events, ADC Business Development Representative, Shawn Marcum, attended EO Alchemy in Seattle, WA last week.

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Nearly 1,000 millionaires haven't filed tax returns

Accounting Today

Close to a thousand taxpayers who earn over $1 million a year failed to file tax returns over multiple recent years, potentially owing $34 billion in taxes, according to IRS data.

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Three payment trends accountants need to know

Xero

This guest blog was written by the team at the leading bank payment solution, GoCardless. With interest rates at the highest level since 2012 in Australia and costs rising across the board, it can feel like the macro environment is designed to dent you and your clientsā€™ businesses. But itā€™s not all doom and gloom. As youā€™re at the centre of your customers’ financial processes, youā€™re in the perfect position to make strategic recommendations and add greater value to their businesses.

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Getting Active with the ADC Summer Challenge | Beyond the Books Podcast by AccountingDepartment.com

Accounting Department

We are thrilled to announce that Episode 2 of our NEW podcast, Beyond the Books , is now live and ready for your listening pleasure.

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How will intuitive AI impact the accounting world?

Accounting Today

In the context of accounts payable, generative AI can create text-based documents, such as invoices or purchase orders, by analyzing patterns and information from historical data.

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Responsible AI helps small businesses grow and do more.

Intuit

Intuitā€™s mission is to power prosperity around the world and help customers and communities overcome their most important financial challenges. Helping small businesses succeed is personal for us. Small businesses power local communities and are the economic engines of countries all over the world, but more than half donā€™t survive beyond their fifth year.

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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 companyā€™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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Xero Beautiful Business Fund: One week to go! Apply now

Xero

Thereā€™s just one week to go to get your applications in for the Xero Beautiful Business Fund! Applications are closing Friday, 6 October 2023 at 5:00 pm local time in your country (AEST, NZDT, BST, PDT, SAST or SGT). A huge thank you to all of those whoā€™ve already applied, and those that have shared news of the fund through your networks. First time hearing of the Xero Beautiful Business Fund ?

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Budget Season is Right Around the Corner

Accounting Department

Budget season is right around the corner and it is time for financial teams to come together and start planning for 2024, but are you ready?

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AICPA backs STEM accounting bill in Congress

Accounting Today

The American Institute of CPAs expressed strong support for bipartisan legislation that would establish the accounting profession as a STEM career pathway.

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Intuitā€™s New Food Truck Program Empowers Underserved Youth with Vital Financial, Technical, and Entrepreneurial Skills

Intuit

To that end, Intuit has introduced a technical and entrepreneurial educational program providing fully operational food trucks to school districts, with curriculum to teach high schoolers how to run and operate a small business using Intuitā€™s financial tools. The food trucks are equipped with commercial-grade kitchens, enabling students to build real-world skills and experiences in a professional context and setting.

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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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Xero Beautiful Business Fund: Apply now to upskill your team for the future

Xero

Running a small business often means you and/or your team need to wear a few different hats to get things done. You might be an expert plumber or talented hairdresser, but that doesnā€™t mean you have all the skills you need to run a small business. Filling that skills gap by investing in training is a great step that small businesses can take to set themselves up for success by building and retaining a great team.

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Listen Up, Young Accountants: Career Advice For Sticking Out Those Early Years

Blake Oliver

Ed. note: enjoy some wisdom from a profession OG in this guest post from Blake Oliver. TLDR: Patience, intellectual curiosity, soft skills, and time management will take you far. Most importantly, advocate for yourself. Different generations in the workforce often struggle to understand each other. But experts say one thing that young professionals can do, including young accountants, is to be more patient.

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IRS and Treasury offer guidance on energy efficient home tax credit

Accounting Today

The Internal Revenue Service and the Treasury Department released information on two energy-related tax breaks under the Inflation Reduction Act.

Tax 319
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Making a global impact

Intuit

This year, Intuit marked its 40th anniversary. A lot has changed in the company since our founding, but our commitment to live by our values and make the world a better place has never wavered. This commitment has been one of the key drivers in our ability to grow and thrive for over four decades. At Intuit, corporate responsibility (CR) and diversity, equity, and inclusion (DEI) are not afterthoughts; theyā€™re core to who we are and intrinsic parts of our business.

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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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Compleat Software as a Service (SaaS) Service Terms

Compleatable

The Software as a Service (SaaS) Service shall include the following support service: An advisory and explanatory service with respect to the Software involving the provision of a Support Portal, plus telephone and email consultation service (help-line) as required, to be provide between the hours of 09.00 and 17.00 UK time each day excluding English public holidays and weekends.

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FundThrough places No, 166 on The Globe and Mailā€™s fifth-annual ranking of Canadaā€™s Top Growing Companies.

FundThrough

Toronto, ON ā€“ September 29, 2023 FundThrough is pleased to announce it placed No. 166 on the 2023 Report on Business ranking of Canadaā€™s Top Growing Companies. Canadaā€™s Top Growing Companies ranks Canadian companies on three-year revenue growth. FundThrough earned its spot with three-year growth of 291%. With FundThroughā€™s technology-powered invoice funding platform, businesses control […] The post FundThrough places No, 166 on The Globe and Mail’s fifth-annual ranking of Canada̵

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PCAOB adopts new audit confirmation standard

Accounting Today

The standard reflects the many changes in technology, communications and business practices since an interim standard was first adopted decades ago.

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How to Fully Staff Your Firm by January

accountingfly

Are you having trouble finding talent for your accounting and tax teams? You’re not alone. But w e believe you can hire and fully staff your firm by January. That may seem like a shocking statement especially since we just saw an article in Accounting Today that said 1% of firm representatives believe they can find qualified talent right now. 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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LedgerDocs vs Dext: How Do They Compare?

LedgerDocs

In the world of bookkeeping there are many ways to store and manage financial documents: In this article, letā€™s thoroughly examine 2 popular ones: LedgerDocs and Dext. While both platforms were designed with features specifically for financial data management, there are distinct differences that set the two apart. LedgerDocs: As a growing contender in the market, LedgerDocs prides itself on its user-friendly interface and specific features tailored to meet the needs of bookkeepers, accountants,

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How This Firm Primarily Grows By Word of Mouth Marketing w/Kayla Green

Jetpack Workflow

Podcast Summary In this episode of “Growing Your Firm,” host David Cristello interviews Kayla Green from Bactrian LLC. They discuss the firm’s impressive growth, which has largely been driven by word-of-mouth referrals rather than traditional digital marketing. Bactrian LLC offers a range of accounting services, payroll servicing, estate planning, and financial advising, positioning themselves as a one-stop shop for their clients.

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IRS offers tax relief on money market redemptions

Accounting Today

The Internal Revenue Service issued guidance Friday saying a redemption of shares in a money market fund won't be treated as part of a wash sale, which would subject it to taxes.

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Outsourced Bookkeeping for CPAs: 8 Options Compared

Future Firm

If youā€™re a CPA firm looking to outsource your bookkeeping, youā€™ll want to check out this post on the 7 different options for outsourced bookkeeping for CPAs. In this article, Iā€™ll run through some of the more modern options that might make the most sense for your firm at the moment. Check it out: Outsourced Bookkeeping for CPAs Terminology Before continuing, there are 3 terms that I want to briefly define which will have an impact on the option you select.

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Putting the ā€˜Techā€™ in Spend Management Techniques

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

If youā€™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 wonā€™t be worthwhile unless you have the latest techniques to back up your ambitions!

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Understanding the Accounts Receivable Process: Step-by-Step

Billing Platform

Consisting of a series of steps, the accounts receivable process refers to the money owed to a business for the purchase and delivery of goods or services. In principle the process may appear simple, however in reality it is fraught with complications and challenges. Accounts receivable (AR) provides the critical link between making the sale and receiving payment.

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Why I became a Certified Pumpkin Plan Growth Strategist

Reconciled Solutions

We have some big news at Reconciled Solutions: I recently became a Certified Pumpkin Plan Growth Strategist! I am now officially trained and certified to. The post Why I became a Certified Pumpkin Plan Growth Strategist appeared first on Reconciled Solutions.

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SEC appoints George Botic to succeed Duane DesParte at PCAOB

Accounting Today

The Securities and Exchange Commission appointed a CPA who has served as director of the Public Company Accounting Oversight Board's Division of Registration and Inspections.

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Green Accounting: How Accountants Can Embrace Sustainability With LedgerDocs

LedgerDocs

Environmental consciousness is on the rise; sustainability isn’t just a buzzword anymore; it has become a necessity. In the coming years, industries across the board will be seeking ways to reduce their carbon footprint and minimize their impact on our planet. Accountants and bookkeepers are no exception; as one of the most paper-heavy departments , their workflow is a great place to start when it comes to limiting a business’s impact.

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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.