Wed.Dec 21, 2022

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The Difference between Bookkeeping and Accounting

SMBAccountant

Bookkeeping and accounting are often used interchangeably when describing a process of recording financial transactions for a business, but they are not the same functions. Generally speaking, bookkeeping is a part of the accounting process that focuses on recording financials transactions and is heavily rooted in data entry and reconciliation of bank and credit card transactions and statements.

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QuickBooks Desktop 2020 Release 16 (R16) Update

Intuitive Accountant

Just in time for 'Old Saint Nick' to arrive, Intuit has sent you an update to QuickBooks Desktop instead.

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Improving yourself is surprisingly simple

Accounting Today

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QuickBooks Desktop 2021 Release 12 (R12) Update

Intuitive Accountant

Happy, happy holidays. Intuit has given you a present in the form of another release update to QuickBooks Desktop just in time for 'old man winter' to arrive.

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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But 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. 🗻 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. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

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Top New Products 2023: Call for nominations

Accounting Today

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Happy Holidays from AccountingDepartment.com!

AccountingDepartment

Co-founders Dennis and Bill recorded their annual holiday message to clients, sharing their views on the past year as well as what they're planning for the future! (and maybe a few bloopers to enjoy at the end).

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12 Days of Canopy

Canopy Accounting

The Canopy team is excited to share the most impactful releases launched for you in 2022. In the true spirit of Christmas, sing along with a few of our Canopians here while browsing through more detailed information about these 12 game-changing features.

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The 2022 Top 100 People: The pipeline problem

Accounting Today

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5 New Year's Resolutions for Accountants in 2023 | Canopy

Canopy Accounting

It’s almost time to ring in a new year and what better time to start fresh and improve yourself and your career? 2023 is going to be your year and it’s up to you to make the most of the opportunity! With self-improvement in mind, here are 5 New Year’s resolutions accountants should have this year.

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Study recommends small "robot tax"

Accounting Today

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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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Life after a shared inbox

Lockstep

For most of us, our work lives revolve around email. We use it to communicate with colleagues, vendors, and customers. The shared inbox is a productivity-booster and a time-saver for busy professionals. Not only does it help your team stay organized by keeping communications in one central location, but it eliminates the need to manually move emails from one place to another as they enter the system.

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Improve Inventory Management With Sage Intacct

Withum

As you fulfill orders through your warehouse, you may experience issues surrounding insufficient inventory or unorganized placement of goods. This can result in delayed deliveries and strained customer relationships as you try to work through your internal processes. So how can you improve inventory management in your operations? . A successful inventory management operation is hard work, but some warehouse inventory management systems can help take a lot of stress out of the process.

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

Snyder

Business budgeting is an integral part of running a business. A recent study analyzing startup failures showed running out of cash as one of the top reasons for them to crumble. In light of this, business budgeting looks like something not to ignore. Still, nearly half of small businesses don’t embrace formal budgets for various reasons: from a vague idea about how to put one together to the time investment is required and lack of awareness of how it can help the business.

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HAPPY HOLIDAYS

Intuitive Accountant

Happy Holidays to All of You!

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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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Top Insights of 2022

Withum

Check out Withum’s most read insights from this past year including topics like Power Platform Licensing, COVID Relief Programs, Supply Chain Disruptions, Year-End Planning and more. Top Insights of 2022. Your Guide to Power Platform Licensing. Treatment of PPP Loan Forgiveness for S Corporations. FAQs on Tax Treatment for COVID Relief Programs. SALT Shaker State Updates.

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Succession Planning Strategy For Skagit County Business Owners

SkagitCountyTaxServices

The 2022 clock is almost at midnight. An end to a still somewhat crazy year — “the crazy” seems like our new normal, post-2020, am I right? There were a lot of challenges this year and they were … exhausting. Keeping up with the changes and adjusting to the economic pressures… well, these things can make you start looking for the exit door on this whole business ownership thing (and I’m going to talk succession planning strategy in just a minute).

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Rising B2B Ecommerce Trends To Transform Your Business

Withum

B2B ecommerce has continued to grow with no signs of slowing down. Research has shown that ecommerce has surpassed in-person sales channels and is now a full-service channel providing excellent levels of product recommendations, product ordering and shipping services. Here are some B2B ecommerce trends that can elevate your company’s ecommerce presence. .

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5 Common Challenges Faced with Payroll Outsourcing Services

Basis 365

Outsourcing payrolls can significantly reduce your workload and save time and money, allowing you to focus on your business growth and take care of other essential tasks. As a result, many companies now turn to payroll outsourcing. Outsourcing can make it easy to issue payrolls efficiently and keep a complete record. This will save you time and effort and eliminate the chance of making mistakes.

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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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Unsurprisingly, Firms Did Not Totally Rat Themselves Out to the UK Audit Regulator About Exam Cheating

Going Concern

Exam cheating has been a hot topic in audit ever since EY got fined a record $100 million over the summer for cheating on ethics exams (ironically), and perhaps even before that when KPMG got caught using confidential information supplied to them by a PCAOB insider to improve the firm’s audit inspections years before. It happens. Everyone knows it happens.

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FASB defers sunset date of reference rate reform guidance

Accounting Today

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Standard of Living in Divorce

FraudFiles

In a typical divorce with one or both of the spouses having traditional jobs and earning middle to upper class wages, the calculation of alimony and child support are pretty easy.

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Kelsey Thomas Appointed to the Upstate Capital Association of NY

Withum

Withum is proud to share that Kelsey Thomas , Senior Manager of Transaction Advisory Services, was appointed to serve as a board member of the Upstate Capital Association of NY. The Upstate Capital Association of NY (the “Association”) is a prominent network for PE investors, M&A professionals, venture capitalists, business owners and CEOs and entrepreneurs whose goal is to help drive growth through access to capital in upstate and western New York by collaborating and sharing resources with

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Protect What Matters: Rethinking Finance Ops In A Digital World

Speaker: Cheryl J. Muldrew-McMurtry

Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.

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The Wall That 7-Figure Firms Face

Ryan Lazanis

Many have developed their company swiftly past mid-6 figures, and while it wasn’t simple, things change when they hit 7-figures. Worst, they get stuck. I will explain two ways I diagnose this wall to help business owners break through it. Listen Below. 1:38 – Today, I want to share 2 things that I do to diagnose this wall to help firm owners break through it. 1:44 – The very first thing I do is get an understanding of the firm’s packages and prices. 2:14 – I’ll also look at the firm’

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QuickBooks Desktop 2022 Release 7 (R7) Update

Intuitive Accountant

Ho, ho, ho. Intuit has given us a Happy Holidays QuickBooks Desktop Release Update one more year.

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No Quick Fix for Quiet Quitting: Rethink the Trend with These Tips.

Summit CPA

No one can resist a good alliteration, it seems, and quiet quitting is no exception. All summer long, top publications –inspired by a tiktok trend –have declared a new workplace epidemic: no one is hustling; workers everywhere are slinking back into the status quo. So what is an employer to do in the face of quiet quitting? In this current labor landscape, a bad cop ‘stick’ approach is a no-go.

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Accountants see bonuses growing this year

Accounting Today

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How to Set Better OKRs and Drive Results

Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.

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2022 Top 100 People extra: Attracting the next generation

Accounting Today

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Private jet costs, sketchy deductions among red flags in Trump taxes

Accounting Today

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