Thu.Mar 14, 2024

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Best Practices for Managing High-Volume Accounts Payable

MineralTree

For scaling businesses, invoice payments rapidly grow in volume and complexity. However, many companies still rely on manual processes to manage accounts payable—and these outdated practices are causing problems across their financial operations. A manual approach slows down the payment process and increases the risk of errors and fraud while jeopardizing relationships with strategic vendors.

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MassCPAs CEO aims to build accounting pipeline

Accounting Today

Zach Donah, the new CEO of the Massachusetts Society of CPAs has big plans for the organization.

Insiders

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Let’s Help Promote Collaboration With NJ Association of Community Providers

Withum

Explore Other Episodes #CivicWarriors #WithumImpact The post Let’s Help Promote Collaboration With NJ Association of Community Providers appeared first on Withum.

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Audit committees set priorities

Accounting Today

A majority of audit committee members are eyeing cybersecurity as a top priority in the next 12 months, followed by enterprise risk management and talent.

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Forecasting Failures Are Costly: Here's How To Fix Them

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

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Unlocking Business Growth with ERP Systems for SMBs

AccountingDepartment

How an ERP system, such as Netsuite, tailored for the unique needs of SMBs, can be a pivotal tool in propelling small businesses to new heights.

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Tax Fraud Blotter: A naughty streak

Accounting Today

Nothing sacred; on the Lamborghini; Empire lost; and other highlights of recent tax cases.

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More Trending

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Russell Goldberg Inducted Into University of Central Florida College of Business Hall of Fame

Withum

Withum is proud to share that Russell Goldberg , Partner in Charge of Withum’s Orlando Office , has been inducted into the University of Central Florida College of Business Hall of Fame. Russell is a proud graduate of the University of Central Florida (UCF) Kenneth G. Dixon School of Accounting. In his illustrious career of nearly 35 years, he has always prioritized giving back to the organization and nurturing the next generation of accountants coming out of UCF.

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Robin Hall on Family, Tech Trends, and Personalized Accounting Services

Insightful Accountant

On this episode of Accounting Insiders, Gary talks to Robin Hall of VARC Solutions and her journey with Family, Tech Trends and Personalized Accounting.

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Top Trend Predictions for Not-for-Profits in 2024

Cherry Bekaert

Nonprofit organizations, from social services to trade associations and charter schools, play an essential role in supporting our communities. But these organizations often face several challenges and restrictions when it comes to fulfilling their missions. Throughout 2024, not-for-profit (NFP) organizations will have many opportunities to increase impact and streamline operations.

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Advisor Alliance: eTreem Partner Program

Insightful Accountant

With eTreem's Partner Program, you can grow your practice by helping clients simplify their accounts receivable while reducing the cost of inbound payments.

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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

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Inbound U.S. Tax Services

Cherry Bekaert

When expanding operations into the U.S. market, business owners must learn about the federal, state and local tax systems they will encounter. Sales tax in the U.S. is quite different from a value-added tax (VAT) or a goods and services tax (GST) assessed by many other countries. Companies selling goods and some services must comply with a sales tax system that can vary across thousands of taxing jurisdictions.

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SAS 145 offers tech-powered audits for the future

Accounting Today

This new standard changes the game for auditors to make risk assessments even more effective.

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AuditBoard and KPMG Partner for Risk Management

CPA Practice

AuditBoard , a loud-based platform transforming audit, risk, compliance, and ESG management, has partnered with KPMG LLP, the audit, tax, and advisory firm. Through this alliance, organizations will be able to leverage the combined power of AuditBoard’s award-winning connected risk platform and KPMG’s deep expertise to elevate audit, risk, IT security, and ESG programs, and help businesses better manage growing risk challenges.

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Professionals don't know what gen AI is, but plan to spend more on it

Accounting Today

A recent survey of professional service providers found that the majority aren't exactly sure what generative AI even is, but they still anticipate spending more for it in both the short and long term.

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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.

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February Retail Sales Saw Rebound

CPA Practice

Monthly data released by the U.S. Census Bureau shows retail sales expanded in February after a strong but flat January, National Retail Federation Chief Economist Jack Kleinhenz said. “Retail sales rebounded in a solid fashion in February, showing the consumer is still spending and pointing to underlying strength in the economy,” Kleinhenz said. “These results indicate that the economy is continuing to expand in the first quarter despite tight credit conditions and still-elevated inflation.

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The big 3 behind a healthy succession

Accounting Today

A healthy succession plan achieves three main objectives: continuity through client retention, client growth and fair financial treatment of all parties.

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QBO Now Auto-matches QuickBooks Paychecks

Insightful Accountant

QuickBooks can now automatically match each paycheck to the correct bank transaction. That means users will spend less time matching.

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IASB proposes to improve acquisition reporting

Accounting Today

The International Accounting Standards Board hopes to enhance the information provided by companies to their investors about acquisitions under IFRS.

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How To Break Digital Transformation Barriers And Accelerate AI Adoption

Speaker: Anna Tiomina, MBA

AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?

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Grant Thornton Poaches a Partner From a Law Firm and Issues a Press Release

Going Concern

Grant Thornton’s asset management practice is moving up in the world as the firm announces they’ve stolen a partner from Philadelphia’s Stradley Ronon Stevens & Young, LLP. Grant Thornton LLP has welcomed Chris Scarpa to the firm’s Asset Management industry practice in Philadelphia. Scarpa joins Grant Thornton as a Tax principal, and he will use his nearly 30 years of experience to further strengthen the firm’s service offerings within the asset management sector.

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Oracle Fusion Cloud Application Suite adds dozens of gen AI features

Accounting Today

Oracle announced the addition of more than 50 generative AI features in its Oracle Fusion Cloud Application Suite.

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Pi Day and Ides Day

Withum

Today, March 14, is Pi Day and tomorrow is the Ides of March (March 15th,) which was made famous by Shakespeare’s opening words in his play Julius Caesar. The play is not really about Julius Caesar but about the people who assassinated him and their plotting and later misfortunes. Would we ever think about the Ides of March if Shakespeare did not include those words in this popular and ageless play?

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‘The Accountant 2’ Is a Go

Going Concern

According to an exclusive from Deadline , a sequel to the 2016 film The Accountant is for sure in the works. If anyone cares. Ben Affleck, Jon Bernthal, J.K. Simmons, and Cynthia Addai-Robinson have locked deals to return for The Accountant 2, the sequel to the Gavin O’Connor-directed action thriller The Accountant, on which Amazon MGM Studios has teamed with Affleck and Matt Damon’s Artists Equity.

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Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.

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Spending on Easter Forecast to Top $22 Billion

CPA Practice

Consumer spending is expected to reach a total of $22.4 billion this Easter, according to the annual survey from the National Retail Federation and Prosper Insights & Analytics. The total figure is the second highest in the survey’s history, after last year’s record-setting $24 billion when the holiday fell nine days later in the year. “Each year, Americans look forward to the celebration of Easter and the renewal of time and traditions with loved ones,” NRF President and CEO Matthew Shay s

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The Pros and Cons of Waterfall Project Management Methodology

Withum

The Waterfall project management methodology is a sequential project management approach that is utilized across various projects. This method is a linear, step-by-step process with a strong emphasis on the documentation that requires the completion of each phase before moving to the next. It offers advantages such as clear milestones, well-defined scope and structured planning, but also possesses certain limitations, including an inflexibility to handle change and limited client involvement.

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Oracle Adds Generative AI Capabilities to Oracle Fusion Cloud Suite 

CPA Practice

Oracle has added new generative AI capabilities within the Oracle Fusion Cloud Applications Suite that will help customers improve decision making and enhance the employee and customer experience. The latest AI additions include new generative AI capabilities embedded in existing business workflows across finance, supply chain, HR, sales, marketing, and service, as well as an expansion of the Oracle Guided Journeys’ extensibility framework to enable customers and partners to incorporate more g

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On-Demand Webinar: Generating Actionable PortCo Benchmarks for GPs – ESG Data Convergence Initiative

Withum

The ESG Data Convergence Initiative (EDCI) is a collaborative initiative between Limited Partners (LPs) and General Partners (GPs) based around a set of core ESG metrics designed to create meaningful comparable PortCo benchmarks for private markets. With over 375 GPs and LPs actively involved, this collaborative effort is paving the way for a more transparent, resilient and socially responsible investment landscape.

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New Software & You: Elevating Your Tech Stack

Speaker: Joe Wroblewski, Senior Sales Engineer

Is your tech stack working for you—or are you working for it ? 🤖 In today’s world of automation and AI, technology should simplify workflows—not add complexity. Seamless integration and interconnectivity are key to maximizing productivity, optimizing workflows, and improving collaboration. Join expert Joe Wroblewski for a practical and insightful session on how you can build a smarter, more connected tech stack that drives efficiency and long-term success!

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Job Losses Continue According to Intuit QuickBooks Small Business Index

Insightful Accountant

The Intuit QuickBooks Small Business Index just issued reports an additional 7600 jobs lost during February, 2024.

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QSBS Quick Bites

Withum

Qualified Small Business Stock (QSBS) is one of the most advantageous provisions in the tax code. It refers to stock issued by a qualified small business that meets specific criteria outlined in Sec. 1202 of the Internal Revenue Code. Withum’s Founders and Tech Executives Services Team is here to help you and your company understand the eligibility requirements for QSBS as well as different strategies you can employ to maximize your tax savings.

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The Core Services of a Modern CPA Firm

Summit CPA

Modern CPA firms have moved beyond the repetitive bookkeeping that characterized their work in the past. Programs like QuickBooks and Intuit have made it possible for non-accountants to do basic bookkeeping. However, as Roger Knecht of the Universal Accounting Center explains in an interview on the Modern CPA Success Show , “accounting is the analysis.

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Business Lifestyle Analysis

FraudFiles

Closely held businesses present special challenges in the family law setting. Typically, only one spouse is actively involved in the business. Therefore, not only does the spouse control the family’s finances, he or she also controls all of the records of the business. When a spouse is attempting to quantify the income from the business [.

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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.