Sat.May 24, 2025 - Fri.May 30, 2025

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Maximizing Profitability: A Comprehensive Guide to Job Costing

Accounting Department

Understanding exactly how much each job or project costs your business is essential for maximizing profitability. However, many business owners struggle to track costs accurately, leading to mispriced jobs and unexpected expenses later on. This is where job costing comes into play.

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AI Is Not the Enemy of Finance—It’s the Next Evolution of Accuracy

Ascend Software blog

Discover how AI can enhance control, accuracy, and efficiency in finance operationsnot replace them. Learn how Ascend uses AI to scale best practices, reduce manual work, and build trust in automation for AP and finance teams.

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How Collection Effectiveness Index Works

oAppsNet

In any business, maintaining a healthy cash flow is essential to sustaining operations and ensuring long-term success. One of the most crucial metrics used to measure a companys ability to collect payments is the Collection Effectiveness Index (CEI). This tool helps businesses monitor their accounts receivable (A/R) performance, ensuring that the company’s credit and collections teams are working efficiently and effectively.

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IRS leveraging AI for audits amid layoffs

Accounting Today

The Internal Revenue Service is expected to lean more heavily on artificial intelligence technology to select cases as it carries out widespread layoffs.

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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

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AI-powered experiences take ‌center stage at Intuit’s Global Engineering Days

Intuit

Intuits Global Engineering Days (GED) is a weeklong code-a-thon that brings together Intuit technologists from all corners of the globe twice a year for a festival of innovation. Engineers, product managers, and designers form teams to work on projects of their choosinga new idea for propelling business growth, addressing customer pain points, or streamlining work for each other.

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2025 Xero US Roadshow: What You Need to Know

Xero

The 2025 Xero US Roadshow is set to deliver a day packed with innovation, networking, and inspiration. Let’s explore what’s on the agenda and why you should care. Spotlighting Innovation: AI and Advisory Services The accounting industry isn’t what it used to be; it’s smarter, faster, and more efficient, thanks to AI and advisory services.

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The highest paid jobs in corporate accounting

Accounting Today

The average annual salary for the six highest paid positions in corporate accounting is $193,722, according to data from Surgent.

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Stop the Denial Train: Use Real-Time Eligibility & Pre-Service Financial Clearance

RevCycle

In the fast-paced world of healthcare, the last thing anyone wants is a roadblock. Yet, for both patients and providers, claim denials and unexpected medical bills can feel like just that frustrating obstacles on the path to care and financial stability. Fortunately, proactive strategies exist to smooth these pathways: Real-Time Eligibility (RTE) verification and Pre-Service Financial Clearance.

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Introducing Pay by Bank for UK Small businesses: More payment options, healthier cash flow

Xero

Late payments pose a significant hurdle for small businesses, frequently disrupting cash flow and complicating the management of daily operations. Recognising this challenge, we’re dedicated to helping you receive payments more efficiently by expanding your payment options. Building on our existing support for credit cards, debit cards, Apple Pay, and Google Pay, we’re excited to announce the addition of Pay by Bank.

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AICPA Warns Practitioners About Beautiful Bill

Insightful Accountant

The tax landscape for pass-through entities is facing significant changes under the proposed "One Big Beautiful Bill" approved by Congress this week.

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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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In uncertain markets, it's accountants who create stability

Accounting Today

Here are three ways accountants can shift from support role to strategic force, helping organizations stay profitable, predictable and well-positioned.

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Top Corporate Payroll Services Trends in the USA for 2025

Outsourced Bookeeping

2025 seems to bring a big shift to the payroll sector in the US. With a change in the work model and an increased compliance level and requests from staff for more transparency, corporate payroll services are no longer only about paying the employees. They are becoming strategic resources that can be applied in the enhancement of growth, an increase in the satisfaction of the workforce and an enhancement in compliance management.

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Half of Australians fear making a mistake on their tax return this year

Xero

If the thought of lodging your tax return makes your palms sweaty and you find yourself procrastinating to avoid the inevitable, youre not alone. Xeros latest research has found nearly three quarters of Australians are worried or anxious about tax time this year. This end of financial year (EOFY), we wanted to uncover the universal challenges that Aussies face and common knowledge gaps when it comes to tax time, and provide easy-to-understand information to reduce confusion and anxiety at this t

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From Paper to Digital: The Evolving E-Invoicing Mandate

Trade Credit & Liquidity Management

With over 100 countries mandating its use, e-invoicing has transformed billing practices worldwide. This shift demands that billers stay informed and proactive, as compliance and efficiency heavily depend on understanding complex regulations and effectively leveraging service providers. Initially seen as a simple cost-saving measure, such as emailing PDF invoices, e-invoicing has evolved into a sophisticated system requiring structured data formats and strict tax compliance.

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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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BDO's Berson to retire in 2026

Accounting Today

BDO USA's CEO Wayne Berson will retire effective June 30, 2026, and national managing principal of tax Matthew Becker has been tapped to succeed him.

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Enrolled Agent vs. CPA: Which Is Right for Your Small Business?

Remote Quality Bookkeeping

Choosing the right financial professional can make a big difference in the success of your business, especially when it comes to taxes. For many small business owners, the choice often comes down to two roles: Enrolled Agent (EA) or Certified Public Accountant (CPA). While both can help with taxes, their qualifications, services, and pricing structures differ.

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Unlocking the Secrets of Client Accounting Services with K.C. Eames

Jetpack Workflow

Podcast Summary In this episode of Growing Your Firm, host David Cristello welcomes K.C. Eames , the Director of Client Accounting Services at Dark Horse CPAs. The conversation delves into the complexities of pricing in client accounting services (CAS) and the nuances that make it both an art and a science. K.C. shares insights about the unique structure of Dark Horse CPAs, contrasting it with traditional accounting firms that operate on a pyramid model.

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Invest in Strategic Customer Visits and Meetings

Trade Credit & Liquidity Management

Maintaining strong relationships with key customers is an essential element of credit and collection management as well as customer care, more so in today’s frenetic economic environment. A strategic customer visit is more than just a meet-and-greet; it’s an opportunity to gain insight, address concerns, and reinforce trust. For credit professionals, choosing which customers to visit and when is the first step towards realizing valuable payback in both relationship-building and busin

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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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Is private equity bringing accounting down or lifting it up?

Accounting Today

Consolidation, when done right and with clients and people at the forefront, is not about sacrificing quality for profit.

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Major QuickBooks Price Increases Coming in 2025 – What You Need to Know with Gary DeHart

Insightful Accountant

In this episode of the Accounting Insiders Podcast, Gary DeHart breaks down the upcoming QuickBooks price increases set to take effect between July 1 and August 1, 2025. These changes impact a wide range of QuickBooks products.

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Xero AI: How to improve AP and invoice tasks

Nanonets

Accounting work has always been tedious. Every day, we spend hours on tasks that should be simpler. We are forced to manually enter data, reconcile transactions, and sift through files trying to locate financial information we need.  But artificial intelligence is starting to change this reality. Xero, one of the leading cloud accounting platforms, has integrated AI features that are streamlining these daily tasks.

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Study Finds Contractors Facing a Cash Crunch

Trade Credit & Liquidity Management

A new national study by Built , surveying 250 U.S. general contractors and subcontractors, reveals a significant crisis in the construction industry due to widespread payment delays. The report found 70% of contractors regularly experience delayed payments. (Photo by Dan Dimmock on Unsplash ) Consequences: Higher Costs: Contractors increase bids by an average of 8% to cover risks from slow payments.

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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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IRS faces challenges overseeing tax-exempt hospitals

Accounting Today

Cutbacks and vague guidance threaten the IRS's ability to carry out its responsibilities, which include overseeing the troubled nonprofit hospital sector.

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From Mary Kay to Value Pricing: Debra Kilsheimer’s Bold Pivot in Accounting

Insightful Accountant

In this episode of the Accounting Insiders Podcast, host Gary DeHart speaks with Debra Kilsheimer of Behind the Scenes Financials Inc., who shares her inspiring and unconventional journey through the world of accounting.

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Build A Thriving Bookkeeping Business Through Connection & Mindset

The Successful Bookkeeper

Many bookkeepers struggle with the early stages of building their businesses. The transition from working in a structured corporate environment to running a solo practice can feel isolating. Without colleagues or managers to turn to, its easy to feel overwhelmed. However, success in bookkeeping doesnt come from working harder aloneit comes from building strong connections, maintaining a positive mindset, and continuously improving your business.

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Chaser Launches Integration with Odoo

Trade Credit & Liquidity Management

From a Press Release dated March 25, 2025, London, England Chaser , a global accounts receivable automation solution provider, has announced a new integration with Odoo , a popular business management software platform. This integration enables businesses to automate their accounts receivable processes, reduce late payments, and improve cash flow. Key Points Problem Addressed: Late payments cost the global economy over $40 billion annually and lead to significant bad debt for businesses.

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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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COSO, NACD propose corporate governance framework

Accounting Today

The Committee of Sponsoring Organizations of the Treadway Commission and the National Association of Corporate Directors released an exposure draft of their Corporate Governance Framework.

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Protecting Profitability: How Accountants Can Safeguard SMBs in 2025

Insightful Accountant

Accountants have always played a key role in helping businesses weather uncertainty. Today, their counsel is more critical than ever.

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From Spreadsheet Nightmares to Strategic Insights

finout

The Shared Cost Puzzle That Haunts Every FinOps Team 5 years ago, it was 2 AM. I was staring at yet another complex spreadsheet, trying to make sense of our cloud costs. As a Cost Analyst at a "born in the cloud" tech company (before "FinOps" was even a thing), I was drowning in numbers.

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Automation and AI Are Transforming Trade Credit and Collections

Trade Credit & Liquidity Management

Automation and artificial intelligence (AI) are transforming accounts receivable (AR) and B2B trade credit management by replacing manual, error-prone processes with intelligent, AI-driven tools. Credit decision-making, collections, cash application, deductions, and communications are greatly enhanced by AI-powered AR automation. (Photo by Dan Dimmock on Unsplash ) Ultimately, these tools enable enterprises offering trade credit to streamline collections and improve cash flow.

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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.