Fri.Aug 19, 2022

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What is the importance of Bank Reconciliation in Business?

Simple Accounts

You might have heard the term ‘Bank reconciliation’ multiple times but did not bother to go in-depth to find out what it is. If you are someone who is in the business game or who is interested in such details, you might know this. Let us see what it is and how it helps in your business in the simplest way. . Bank Reconciliation: Definition . Bank reconciliation is the process of identifying, comparing, and matching your financial records and bank statements.

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A Guide to States & Cities with Pay Transparency Laws in 2022

BurklandAssociates

For more information, see HR Dive’s summary with links California California was the first state in the U.S. to legally require employers to provide the pay range for a job—if Read More. The post A Guide to States & Cities with Pay Transparency Laws in 2022 appeared first on Burkland.

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PCAOB on pace for record year of financial penalties

Accounting Today

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Meet the brand: Know-it

Accounting Insight

Introducing our new series, ‘Meet the brand,’ where we highlight the newer or smaller brands exhibiting at Accountex Summit Manchester this October. First in the spotlight is Know-it, who automate the entire credit control process and give businesses the ability to mitigate credit risk, reduce debtor days and increase cashflow in one simple platform.

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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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Firms continue to struggle with talent acquisition and retention

Accounting Today

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Six Tips To Respond Effectively To Construction Client Complaints

Randal DeHart

Complaints are an unfortunate part of running a business, but they happen. No matter how hard you work to please your clients, eventually, someone will have something negative to say. However, with the right approach, you can turn complaints into a valuable tool to strengthen your business. When reviews are great, that's a fantastic thing. But unfortunately, when you get negative ones, you have to adjust.

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Skagit County SMBs: Note These Changing Business Tax Deductions

SkagitCountyTaxServices

This year has been a rollercoaster for Skagit County business owners like you. Heck, the last few years have been. After all of the junk in 2020 and 2021, “inflation” and “supply chain shortages” have been the recent flavor of our wild ride together. Though that said, there does seem to be some easing on both of these fronts – and not necessarily because of the “Inflation Reduction Act” (more on that and business tax deductions in a minute).

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New York enhances SALT cap workaround for pass-throughs

Accounting Today

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Here’s the Deck EY Put Together to Sell the Audit/Consulting Split to Staff

Going Concern

Australian Financial Review has published slides shown to EY staff in a July global webcast led by Carmine Di Sibio and in them we learn more about EY’s plan — code-named Project Everest — to split off consulting and audit. First up, the why. “The transformative forces reshaping professional services are evolving at unprecedented speed and scale – there is an imperative to consider strategic options now,” it reads.

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Tech News: Lightyear releases Advanced Reporting Engine

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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Promotion Watch ’22: Forvis Admits First Class of New Partners and Principals; All Have Forward Vision

Going Concern

Forvis, the oddly named love child of BKD and DHG that was born on June 1 , announced its inaugural class of new partners and principals , as well as new managing directors, last month. As far as we know, the 21 partners, two principals, and 38 managing directors in this year ’s class all have eyes in the front of their heads, which was probably a prerequisite for their promotions given that the name of the firm is short for “ Forward Vision. ” CEO Tom Watson said this about the promotees: “I ex

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IRS wants input on video conferencing

Accounting Today

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What Independent Contractors Should Know About Personal Service Businesses

Ronika Khanna CPA,CA

Many of you leave your full time jobs to become independent contractors. This could be for a variety of reasons: you might decide you want the freedom that comes with self employment, or your company might decide that they no longer want to maintain employees. In some cases, you are laid off and find another opportunity , but the business only offers contract positions.

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On the move: Fiske appoints new forensic & valuation services manager

Accounting Today

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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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Smart Rules: a Short Feature Overview

Snyder

Why is the Smart Rules feature so important? Imagine a situation that actually can happen to anyone who’s connecting their sales channel or payment platforms with accounting software: some providers don’t support classification, categorization, and other important details that are important to track. That leads to missing data in the final reports. The best example is Stripe and QuickBooks – Stripe doesn’t have any accounts or classes but it’s essential to have them in QuickBooks for better unde

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FDIC Issues Guidance on Re-Presentment Fees for Non-sufficient Funds

Anders CPA

Most bank compliance officers have heard the rumblings over the last several months about examiner criticisms and class action lawsuits centered on assessing multiple non-sufficient funds (NSF) fees in connection with a single check or ACH transaction. Unlucky compliance officers have even been on the front-end of this emerging issue during an examination or lawsuit.

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What Are the Most Important Pages on an E-commerce Site?

Snyder

Here’s an interesting thought: what if the most important pages on your website aren’t your product listings or landing pages? What if the real reason you’re missing your bounce rate benchmarks for e-commerce is down to the pages you don’t have rather than those you do? Business insight software for finance teams can show you how your site performs, analyze bounce rates, visitors, and conversions.

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Certified Management Accountant Certification: What Is It, and Should You Get It? 

Patriot Software

Are you an accounting professional hungry for new accolades, knowledge, and ways to stand out from the competition? If so, you might be interested in getting your certified management accountant certification. You can expand your financial planning and strategic financial management skills through this CMA certification. So the question is: Is it worth it?

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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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Podcast: How to Avoid an Aging Ledger – The Tips and Tricks of Credit Control

Menzies

Menzies LLP - A leading chartered accountancy firm. In this podcast, Giuseppe Parla, Business Recovery Director, Orla Lynch, Senior Credit Controller, and Richard Singleton, Finance Director, cover the following: Discuss the increase in UK insolvencies; Address the concern for a potential recession; Advise what credit managers and other finance professionals should be doing when dealing with aging debtors and provide tips and tricks for tackling them; and Identify how you can spot the signs of c

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IRS issues immediate guidance for EV credits under Inflation Reduction Act

Accounting Today

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Friday Footnotes: EY Partners’ Snazzy Secret Meeting; PwC Talks Layoffs; Merger Mania! | 8.19.22

Going Concern

Ed. note: trying out a little something new for this week’s Footnotes. We’re adding accounting firm mergers & acquisitions to the weekly news as they’re happening with such frequency and regular Footnotes readers will notice the news is now sorted by topic. Neat! Don’t forget to sign up for our newsletter for more headlines , or just to receive emails from someone who purports to care about you (us) with regularity.

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Trump's ex-fixer critical of Weisselberg plea as too lenient

Accounting Today

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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.