Fri.Nov 04, 2022

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What tasks can you automate to save time and stress in your finance department?

Accounting Insight

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.

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Types of Invoices for Small Business

Patriot Software

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.

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Nicole Lyons names to AICPA FVS Executive Committee

Withum

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.

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How to Create a Small Business Growth Strategy

Patriot Software

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.

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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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Withum Awards $95K to Aid Team Members in Student Loan Repayment 

Withum

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.

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Anders Named to Best Accounting Firms List by St. Louis Small Business Monthly

Anders CPA

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.

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Friday Footnotes: PwC Does Some Things; Bad Client Dumps EY; ‘Going From Balloon Animals to Accountancy’ | 11.4.22

Going Concern

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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Invoice vs. Receipt: What’s the Difference?

Patriot Software

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.

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Deloitte Just Canned a Bunch of Old Leaders to Make Way For Younger Ones in the UK

Going Concern

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.

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Managing Payment Terms For Your Construction Business Clients

Randal DeHart

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

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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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Twitter’s Chief Accounting Officer Is Rumored to Have Left the Building (Literally)

Going Concern

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

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How to Create a Small Business Return Policy

Patriot Software

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.

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NextGen Leaders 2022

DMCL

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.

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Top 4 Performance Targets for Accountants

Patriot Software

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.

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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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INCPAS outlines 3 strategies to grow talent pipeline in colleges and universities

Accounting Today

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Use Payroll Reconciliation to Record Your Books Accurately

Patriot Software

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.

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Private equity firms expand their reach into accounting, with legal help

Accounting Today

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Revolving Debt vs. Installment Debt

Patriot Software

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.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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Taxpayer service a 2023 priority for IRS Appeals

Accounting Today

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Business Funding With Bad Credit

Patriot Software

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.

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Wall Street landlords in U.S. squeezed by a surge in tax bills

Accounting Today

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How to Leverage Strategic Pricing for Your Small Business

Patriot Software

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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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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Tech News: Avantra boosts automation capabilities

Accounting Today

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Choose the Right Document Management System for Your Firm | Canopy

Canopy Accounting

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On the move: RKL introduces private wealth practice

Accounting Today

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Is the Synder Ecosystem Right for Your Business?

Snyder

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.

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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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U.S. audit inspectors finish on-site China work ahead of plan

Accounting Today

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Understanding the Extension of ACA Enhanced Premium Tax Credit (PTC)

ThomsonReuters

On August 16, 2022, the Inflation Reduction Act was signed into law by President Biden. Included in this legislation is a section aimed at improving affordability and reducing premium costs of health insurance for consumers. . Within this provision, a refundable premium tax credit (PTC) is available on a sliding-scale basis for individuals and families who are enrolled in a qualified health plan purchased on the state or federal exchange Marketplace, and who aren’t eligible for other qua

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How the rise of the digital-native CFO will revolutionize AR

Accounting Today

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20 Days to a Better Firm: Give them a voice

Accounting Today

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How CPA Firms Can Profit From Payroll Services Without the Extra Work

"Offer payroll and do it yourself,” they said. “It’ll be fun!” Spoiler alert: It was not fun. Most CPA firms know that they need to offer payroll services to their clients or risk losing them to another firm that will. However, many don’t really want to. It is often time-consuming and complex due to changing tax laws and regulations, and with the growing staffing shortages, most just don’t have the resources.