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Attention, Soon-to-be-Accountants: Governments Need You

CPA Practice

Professional association leaders warn that accounting staff shortages are popping up nationwide, impairing financial reporting at the same time that Congress has been pushing for more transparency in financial data , which will require even more staff work. So what’s changed in the supply chain for governmental accountants?

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Mutual Fund Buy-Sell Tax Pitfalls

RogerRossmeisl

Surprise sales You may already have made taxable “sales” of part of your mutual fund investment without knowing it. One way this can happen is if your mutual fund allows you to write checks against your fund investment. The post Mutual Fund Buy-Sell Tax Pitfalls appeared first on Roger Rossmeisl, CPA.

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Top Pension Funds Saw Largest Fall in Assets in 20 Years

CPA Practice

In 2022, sovereign and public sector pension funds accounted for 152 funds in the top 300, representing 70.9% Sovereign pension funds accounted for $6.2 trillion in assets, while sovereign wealth funds totaled $11.6 Sovereign wealth funds’ assets grew by 13.9% The top 20 funds accounted for 41.5%

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NetSuite for Government Helps State and Local Agencies Move to the Cloud for Better Efficiency

CPA Practice

NetSuite for Gover nment provides a single, integrated suite for streamlined accounting, grants management, payroll, planning and budgeting, human resource management, and more. This empowers agencies to increase automation, transparency, and operational efficiency, while getting the fast, accurate data needed to help make better decisions.

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5 internal controls you should have implemented yesterday

DMCL

For those who can’t keep up with all the CPA lingo (who can?), internal controls are mechanisms to identify, control, and reduce the risks to your business which may arise from a failure to comply properly with laws, regulations and best practices in your accounting and financial reporting. Detective controls. Reconciliation.

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These Apps Can Save Consumers Money

CPA Practice

(via TNS) Whether you’re a seasoned saver or just starting out, the best money-saving apps can help you build up your bank account. All you’ll need is a checking account and a smartphone. Oportun Oportun is an automated savings app that analyzes what goes in and out of your checking account. You can get a 30-day free trial.

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Business Budgeting Software Guide: Budgeting Software for Small to Enterprise Business

Snyder

Static budget – the most basic type of budget that takes into account only fixed expenses – the ones that don’t depend on production or sales volumes. You might also want to take into account some seasonal fluctuations in revenue. Synder – Accounting and analytics for e-commerce and SaaS businesses. to forming a budget.