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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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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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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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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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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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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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.

More Trending

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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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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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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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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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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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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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Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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Improving yourself is surprisingly simple

Accounting Today

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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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Top New Products 2023: Call for nominations

Accounting Today

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HAPPY HOLIDAYS

Intuitive Accountant

Happy Holidays to All of You!

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How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

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The 2022 Top 100 People: The pipeline problem

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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Study recommends small "robot tax"

Accounting Today

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What are Ghost Assets?

Simple Accounts

Do ghosts exist? Yes, no , or maybe, but ghost assets do exist. They are in your records, but you tend to ignore their presence a nd end up in trouble. . Any asset that is lost, stolen, or unusable but is still listed as active on your fixed asset register is referred to as a “ghost asset.” For example, a broken printer, unused computers, stolen goods, anything of this sort can be listed under the ghost asset category. .

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.

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FASB defers sunset date of reference rate reform guidance

Accounting Today

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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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Accountants see bonuses growing this year

Accounting Today

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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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Join the Instant Payment Revolution: Read 7 Must-Know Facts for Small Businesses

Technology evolves at lightning speed, and as finance keeps changing, instant payments emerge as a game-changer for small businesses. By 2030, instant payments are projected to surge by 289% and will become the new norm in financial transactions. Our whitepaper reveals seven must-know facts about instant payments, offering to help you navigate this financial revolution effectively.

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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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