GrowthForceBlog

OCTOBER 2, 2024

7 min read October 1st, 2024 The main purpose of running a business is to make money, and making money means generating profits. Key Takeaways The Benefits of Cost Accounting: The primary benefits of cost accounting include maximized profits, reduced costs, optimized pricing, stronger profit margins, revenue generation. Understanding the Cost Accounting Methods: A variety of different methods exist within the cost accounting principles.

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Accounting Today

OCTOBER 2, 2024

TIGTA said the IRS failed to address literally tens of thousands of security vulnerabilities in both its mainframe platform environment and its security application environment.

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Going Concern

OCTOBER 2, 2024

It seems like every other day we’re seeing a new story about an accounting firm that’s suffered a data breach. Just the other day, CBIZ revealed bad actors exploited a vulnerability on one of its web pages and acquired information from retiree health and welfare plan databases including Social Security numbers. They did not report the number of total affected individuals.

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Accounting Today

OCTOBER 2, 2024

Rapper Fat Joe's 2022 lawsuit accused a former BDO employee of using his accounts and credit cards to withdraw thousands of dollars in cash.

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Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be

accounting and finance

AccountingDepartment

OCTOBER 2, 2024

Unlock the secrets to Software as a Service (SaaS) success by mastering these essential KPIs, which serve as the foundation for understanding and optimizing your business performance. By focusing on these key performance indicators, you can gain valuable insights into customer behavior, financial health, and operational efficiency, ultimately driving growth and ensuring long-term sustainability in the competitive SaaS landscape.

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Xero

OCTOBER 2, 2024

How do you think small businesses in your area are doing? New regional and provincial data from Xero Small Business Insights (XSBI) helps track differences in small business performance within Canada and within the US. This data provides a more granular look at each country by sharing a richer, more nuanced perspective when compared to national level statistics.

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Accounting Today

OCTOBER 2, 2024

Start small, educate employees and stay informed as generative AI develops so you can position your firm for future success.

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Going Concern

OCTOBER 2, 2024

Announced moments ago on Twitter and earlier today in a press release, Securities and Exchange Commission Division of Enforcement Director and amateur poet Gurbir S. Grewal is leaving the agency effective October 11. No word on why such a sudden departure. Today we announced that Gurbir S. Grewal, Director of the Division of Enforcement, will depart the agency, effective Oct. 11, 2024.

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Accounting Today

OCTOBER 2, 2024

The 7217 is designed to report the basis of all distribution of property that a partner receives from a partnership in a non-liquidating or liquidating distribution.

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Global business travel is surging, with companies spending as much as or more than they did before the pandemic. This trend is expected to continue, with more growth on the horizon. The types of travelers are also changing, with millennials and Gen Zers taking on the majority of the load. Business travel is evolving, and younger generations expect less hassle, even though there are more ways to book and pay for travel than ever before.

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Canopy Accounting

OCTOBER 2, 2024

In this episode of “Canopy Practice Success,”Michelle Weinstein, founder of The Abundant Accountant, shares her insights on how accounting, tax, and bookkeeping firm owners can break free from the grind of feeling undervalued and underpaid.

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Accounting Today

OCTOBER 2, 2024

The latest data on where accountants are focusing their technology investments, what Gen Z values most in a future employer and other key metrics.

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Insightful Accountant

OCTOBER 2, 2024

Intuit envisions a future for their clients where consumers and businesses will experience 'done-for-you' functionality within the company's products resulting from 'Agentic AI.

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Accounting Today

OCTOBER 2, 2024

Accounting firms could greatly benefit from adopting some of the strategies and mindsets these technology companies are using to thrive.

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Speaker: Don Gallianza, Credit Manager at Chevron Phillips Chemical and Indy Chakrabarti, Chief Marketing Officer at HighRadius

4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor

Finance

Insightful Accountant

OCTOBER 2, 2024

Murph has teamed up with 'Be Insightful' to bring you a program on ERP Alternatives to QuickBooks. The program will feature a Presentation-webinar, a Blue Paper, and a follow-up Question & Answer-webinar.

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Ryan Lazanis

OCTOBER 2, 2024

I sold my firm 5 years after starting it. Discover the 6 reasons why buyers were interested, and get tips that could help you sell your firm. The post 6 Reasons Why Buyers Were Interested In My Firm appeared first on Future Firm.

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Insightful Accountant

OCTOBER 2, 2024

Each of the Acumatica Editions were included in the 2024 R2 update release. This article discusses various enhancements to the Manufacturing Edition. Insightful Accountant will cover other Acumatica Editions in future articles.

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CPA Practice

OCTOBER 2, 2024

AICPA News is a round-up of recent announcements from the American Institute of CPAs. AICPA & CIMA and the University of Lodz launch joint program to empower students for career success AICPA & CIMA, together with the Association of International Certified Professional Accountants, recently teamed up with the University of Lodz, Poland (UL) to launch the much-anticipated CGMA University Program to professionals enrolled in its Polish-American MBA program.

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Speaker: Chandra McCormack, CPA, MBA, NACD.DC

Imagine being a financial leader who not only ensures the books are balanced but also shapes the future of your organization. 🤔 ✨ This session will take you beyond the routine reporting and into the realm of strategic financial leadership. We’ll explore how today’s finance professionals can juggle the day-to-day operations while also delivering the long term vision that drives growth.

accounting and finance

Insightful Accountant

OCTOBER 2, 2024

In this insightful episode of the Accounting Insiders Podcast, host Gary DeHart interviews Al-Nesha Jones, CPA, MBA, founder of ASE Group who started her firm during maternity leave and share how they have evolved since.

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CPA Practice

OCTOBER 2, 2024

Alpharetta, GA-based CPA and business advisory firm S.J. Gorowitz Accounting & Tax Services has acquired fellow Georgia CPA firm Reed, Quinn & McClure. Financial terms of the deal weren’t disclosed. According to S.J. Gorowitz, the combined offerings of the two firms will complement each other and broaden their ability to serve clients across a spectrum of industries, particularly nonprofits, startup businesses, and entrepreneurial firms.

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Insightful Accountant

OCTOBER 2, 2024

Acumatica has just unveiled a product milestone with their 2024 R2 release featuring customer-driven innovations and ERP modernization. The new release reinforces AI functionality and Industry-specific upgrades to their Cloud ERP.

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CPA Practice

OCTOBER 2, 2024

Top 15 accounting firm Crowe is expanding its Artificial Intelligence Center of Excellence (CoE), consisting of its AI lab, AI engineering and AI enablement teams. Led by firmwide AI Managing Principal Doug Schrock, Crowe said it’s tripling the size of its AI lab and AI engineering team to facilitate the co-development of AI innovation and solutions with its clients, and the AI CoE will be multidisciplinary across the firm’s portfolio of services.

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Speaker: Joe Sharpe and James Carlson

Payroll optimization can be one of the most time-consuming and complex factors of small business management. Yet, organizations that crack the code on streamlining employee compensation often discover innovative avenues for growth. With the right strategies in place, outsourcing and streamlining payroll processes can result in substantial time and resource savings.

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Menzies

OCTOBER 2, 2024

Menzies LLP - A leading chartered accountancy firm. What is the difference between a Group Private Medical Insurance Scheme and a Cash Plan? Group Private Medical Insurance (PMI) and a Health Cash Plan are two types of healthcare benefits that employers may offer to their employees, but they serve different purposes and offer distinct types of coverage.

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CPA Practice

OCTOBER 2, 2024

Accounting software provider Netgain has launched NetAsset, a fixed asset accounting solution that integrates with all enterprise resource planning (ERP) systems, streamlining processes with artificial intelligence-powered automation and compliance. NetAsset provides an advanced cloud-based platform that transforms the management of fixed assets, from acquisition to disposal, while ensuring compliance with both financial and tax regulations, Netgain said in a media release.

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Anders CPA

OCTOBER 2, 2024

Don’t miss this insightful interview with Jake Berry, CEO of Cloud Labs, as he shares his journey with Guillermo and Brett. From budtender to cannabis manufacturer, Jake discusses the challenges and strategies involved in growing his business. He highlights the importance of understanding market dynamics, consumer behavior, and pricing strategies. Jake also delves into the regulatory landscape and the impact of potential legalization on the industry.

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CPA Practice

OCTOBER 2, 2024

Accounting firm platform Ascend has a new member firm: Lucas Horsfall in Pasadena, CA. Terms of the deal weren’t disclosed. Lucas Horsfall will add 15 partners and about 125 professionals to Ascend’s team. Backed by private equity from Alpine Investors, Ascend partners with regional accounting firms but allows them to stay independent while providing the firms resources to help them grow.

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Historical bookkeeping clean-up is like an archaeological dig for financial documents. It is a vigorous, systematic process that ensures thorough scrutiny of every document. From verifying inconsistencies to reconciling payments, each layer of exhaustive evaluation brings greater clarity into your company's financial past. In this article, we will walk through all that historical bookkeeping clean-up entails.

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Shay CPA

OCTOBER 2, 2024

As technology gets increasingly useful, most company founders are encouraged to think about their tech stacks even early on. Basically, your stack is the grouping of software solutions you use at your company. It’s called a stack because, in an ideal world, those tools stack together to create a system that functions together to drive results at your business.

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CPA Practice

OCTOBER 2, 2024

Withum , a nationally recognized CPA and advisory firm with 23 offices and annual revenue of $578M, recently hosted a new-office open house event at the Gateway Center complex in the heart of downtown Providence. Located at 15 Park Row West with scenic city skyline views, the firm’s newly designed office marks a new workspace era that prioritizes a modern, collaborative and innovative environment for team members and clients alike.

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Accounting Insight

OCTOBER 2, 2024

UK Accounting and Bookkeeping firms see a slowing of growth in challenging circumstances across the profession. Based upon the latest FRC Key Facts and Trends in the Accounting Profession report, total fee income for the Big Four firms grew by 11% in the last year, which was slightly lower than the 11.9% growth seen in the prior year. Outside of the Big Four, total fee income increased by 13.2% compared to an 18.5% increase in the prior year.

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