Wed.Mar 23, 2022

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Your Guide to Debits and Credits in Accounting Services

IgniteSpot

What are debits and credits? Every business transaction impacts your company’s financial statements at the monetary level. Transactions are recorded into two accounts—debits and credits—to create a balanced financial picture. Of course, it’s a little more complicated, and each has subtypes and nuances.

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Increasing productivity and flow in tax and accounting firms

ThomsonReuters

When McKinsey & Company asked 5,000 executives how much more productive they are during peak performance, most respondents said it was five times more. Flow, in positive psychology, is a state of mind when a person is immersed and engaged in an activity. In other words, it’s being “in the zone.” There are many benefits to increasing productivity and flow at work.

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Understanding the Importance of Crypto Donations with Engiven

Withum

Explore Other Episodes. #CivicWarriors #WithumImpact. The post Understanding the Importance of Crypto Donations with Engiven appeared first on Withum.

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Study: Ex-Arthur Andersen Audit Partners Do Not Deserve to Get Shredded

Going Concern

When you hear the name Arthur Andersen, the first thing that usually comes to mind is … well … you know. But here’s some good news associated with the Andersen name: audit partners who worked at Arthur Andersen during its collapse and who currently work in the Big 4 provide higher-quality audits than audit partners at other public accounting firms who weren’t at Andersen during the Enron scandal, according to a new study.

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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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Using accounting software to know your customers

Reckon

Your accounting software is perhaps more useful than you may believe. We all know you can use it to: prepare for EOFY pay your staff and manage leave and super automatically calculate GST run P&L and cash flow reports to ascertain your financial position get paid by processing online invoicing. ButUsing accounting software to know your clients. Why would I?

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Don’t Look Back

RitaKeller

Here is today’s quotation. It is by Agatha Christie in a Miss Marple story Please contemplate it. “I suppose I really knew already that one can never go back, that one should not ever try to go back – that the essence of life is going forward. Life is really a One Way Street, isn’t it.” Accountants have a job to do. A lot of it is looking back.

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You Know Things Are Bad In Public Accounting When First-Years Are Getting Dragged By Interns

Going Concern

We love a good rant—whether about public accounting in general or about a co-worker, like this one posted on Fishbowl yesterday by a Big 4 intern about a staff 1 he/she works with who sucks at Excel, won’t shut up about work-life balance (or the lack thereof), and has no desire to take the CPA exam. ICYMI: Need to vent here. I’m a busy season intern and can’t stand a January-hire staff 1 I work with on one of my engagements.