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We’re set to see 85 million jobs worldwide displaced by automation by 2025, according to the World Economic Forum. And yet, in your finance department, there’s a high chance people will be slogging through menial tasks that they would happily hand over to a machine tomorrow. These tasks are often the reason people in finance dread the end of the month, let alone the end of the year.
Like many small business owners, you send customers bills after providing a product or service. An effective invoicing system gives customers more flexible payment options. You need to know which types of invoices to send customers for different situations. Types of invoices There are many different types of invoices you can send to customers. Each […] READ MORE.
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.
Getting your first sale from business is a great milestone to accomplish. Once you have a steady stream of customers, it’s time to start thinking about growing. With a solid growth strategy, you can take your business to new heights. Small business growth strategies give you a roadmap for expanding your company. A plan will […] READ MORE.
When you sell goods or services, you need to create a record of the transaction. Depending on the situation, you will either give customers an invoice or receipt. What is the difference between an invoice and a receipt? Understand invoice vs. receipt distinctions to avoid confusion. Invoice vs. receipt Both invoices and receipts are paper […] READ MORE.
When you sell goods or services, you need to create a record of the transaction. Depending on the situation, you will either give customers an invoice or receipt. What is the difference between an invoice and a receipt? Understand invoice vs. receipt distinctions to avoid confusion. Invoice vs. receipt Both invoices and receipts are paper […] READ MORE.
FT is reporting that Deloitte just axed half of UK executives this week, a surprisingly abrupt move that was announced to staff yesterday. The reason? “The changes were driven partly by a desire to replace older members of the management team with younger partners who would be young enough to run for election as chief executive at the end of North-South Europe CEO Richard Houston’s second term in 2027,” a source told FT.
To protect your business and operate under the law, you might obtain licenses, trademarks, patents, and other intangible assets. These items can be costly to a small business. You can use amortization to reduce your taxable income throughout the life of intangible assets. What is amortization? Amortization definition: In accounting, the amortization of intangible assets […] READ MORE.
Withum is proud to share that the AICPA appointed Nicole Lyons to their Forensic and Valuation Services Executive Committee. Nicole is a partner and member of the Firm’s Forensic and Valuation Services Group and Market Leader of Business Disputes and Economic Damages. As a CPA, certified valuation analyst and certified in financial forensics, she is a recognized expert throughout the east coast in the space.
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.
Anders celebrated being named a Best Accounting Firm at SBM’s Best in Business Awards luncheon on November 1, 2022. The Best Accounting Firms were nominated by St. Louis area businesses and voted to have the top accountants in St. Louis as part of Small Business Monthly’s Best in Business awards. View the full list of Best Accounting Firms in 2022 by St.
Withum announced the award of $95 thousand in grant funding through the Thomas R. Suarez Student Loan Grant program to aid team members in their repayment of student loans. Withum, a top-ranked national advisory and public accounting firm, announced the award of $95 thousand in grant funding through the Thomas R. Suarez Student Loan Grant program to aid team members in their repayment of student loans.
Footnotes is a weekly wrap-up of all the news in and around the accounting profession, published every Friday at 5 p.m. Eastern. To get more headlines delivered on the regular, subscribe to our newsletter. Big 4. PwC Retirees Get Early Approval for $267 Million Pension Deal [ Bloomberg Tax ]. PricewaterhouseCoopers LLP’s $267 million settlement with retirees seeking higher pension benefits received early approval from a New York federal judge, paving the way for resolution of a 16-year-old class
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Getting paid correctly and on time by customers can be a constant frustration for business owners. Communicating your terms is the best way to ensure you aren't out of pocket – or are left chasing debtors. Investors, developers, and shrewd business people designed the most popular method - those who understand the concept of divide and conquer - it is when contractors get little or no down payment for a construction project, do all the work, including change orders, and then try to collect their
The Washington Post has written about the abrupt culture change happening at Twitter since Elon Musk entered the picture on October 27 and buried among the complaints of secrecy and fear is a little mention of the CAO GTFOing. UPDATE: Twitter’s chief accounting officer is rumored to have been “walked out” of the building and his Slack appears deactivated, a day after he was thanked by workers for a Slack post sharing long-awaited details about the stock payouts they’re ow
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.
Selling a product to a customer and collecting money isn’t the end of the sales process. You also need to prepare in case customers return goods. To prevent confusion and frustration, you need to have a clear small business return policy in place. What is a small business return policy? A small business return policy […] READ MORE.
As an accountant professional, you want to be the absolute best of the best for your clients. And to do that, you may need to set and track performance targets. But, what are performance targets for accountants, and how do they work? Keep reading for a breakdown of professional goals for accountants and performance target […] READ MORE.
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.
As a small business owner, payroll is one of your biggest expenses. You need to make sure you run payroll and record it in your books correctly every time. Check your general ledger entries with payroll reconciliation for accurate accounting and payroll records. Payroll entries in the general ledger Payroll transactions involve different accounts in […] READ MORE.
Each year, our partnership takes some time to reflect on and acknowledge the next generation of DMCL leaders. These individuals have worked tirelessly and grown tremendously. They’re crucial to our Firm’s and our clients’ success, and we’re delighted to see them embrace the next step in their careers. We’re proud to announce the following 2022 promotions.
To start, operate, and grow a business, you most likely need to take on some form of debt. Many business owners have revolving and installment debts to fund their companies. In order to make smart financing decisions, you must understand the difference between revolving debt vs. installment debt. Revolving debt vs. installment debt As a […] READ MORE.
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.
Getting the finances you need to grow your business isn’t easy. Securing funds is especially hard if you have poor credit. You need to know your options for business funding with bad credit. What is bad credit? Your credit score reflects how much lenders trust that you’ll repay borrowed money. The higher your credit score, […] READ MORE.
Synder is an accounting automation platform that streamlines business processes. It’s a powerful tool that helps you keep track of all your financial data and close your books in no time. This post will help you decide if Synder is right for your business and explain how it can help you save time & money by automating workflows. What is Synder and the Synder ecosystem.
Businesses depend on their profits to survive. As a small business owner, you need to be diligent in your efforts to turn a profit for your company. One way your business can make money is through strategic pricing. Strategic pricing Businesses use strategic pricing when deciding how to price products or services. The company sets […] READ MORE.
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Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.
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