Wed.Feb 12, 2025

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Turning cash flow into cash now with Paidnice

Xero

“When my debtor workflow is turned off, people stop paying me almost immediately.” This stark observation from Haley Reyners, founder of My Two Cents Accounting Services , highlights a common challenge facing small businesses. For her accounting and advisory firm, which is based in Northland, New Zealand, having over $60,000 tied up in outstanding invoices wasn’t just a number it was a threat to business sustainability. “I’m the same as any other small business own

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Audit committees eye cybersecurity, risk management

Accounting Today

Cybersecurity ranks among the top priorities for audit committees, enterprise risk management, and finance and internal audit talent, says a new survey.

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How to Calculate Cash Flow with 7 Key Formulas and Examples

Invoicera

Introduction Any business needs sufficient cash flow to remain operational. A sound cash flow system enables operational efficiency and on-time financial transactions that support enduring business development. Profitability alone does not protect businesses from cash flow challenges frequently associated with weak leadership. Organizations use primary formulas to calculate cash flow, determine financial health, develop investment strategies, and sidestep funding problems.

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Digits launches automated invoicing solution

Accounting Today

Digits announced the release of Digits AI Invoicing, a new product designed specifically for startups which enables users to manage their invoicing workflows visually, with just a few clicks.

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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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Top 5 Metrics Every AP Leader Should Track

Ascend Software blog

Optimize your AP process with five key metrics that reduce costs, improve efficiency, and strengthen supplier relationships.

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Meta's accounting move to boost profit by billions

Accounting Today

Meta Platforms Inc. made a small change to how it depreciates its AI infrastructure that's likely to increase the company's profit by billions this year.

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PCAOB sanctions former Deloitte Colombia partner

Accounting Today

The PCAOB sanctioned Gabriel Jaime Lpez Dez, a former Deloitte Colombia partner, for issuing an audit report before completing all necessary audit procedures.

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What Is Invisible Banking?

Fit Small Business

Invisible banking is a relatively new concept with the goal of making banking a seamless and natural part of everyday life without ever physically visiting a branch. This concept integrates financial services into websites and apps you already use, making banking easier and more convenient. While it began with personal banking, invisible banking has gradually.

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Aprio plans to open law firm with Radix Law in Arizona

Accounting Today

Aprio, a private equity-funded Top 25 Firm based in Atlanta, is joining with Radix Law in Arizona to form Aprio Legal LLC.

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5 Budgeting Tips for Companies During Uncertain Economic Times

NextProcess

Over the past several years, our world has seen dramatic changes that have a big impact on businesses. Financial departments in companies face challenges related to the supply chain, geopolitical issues, post-pandemic changes in the world, and an uncertain economic climate. Budgeting strategies that worked a decade ago arent likely to work today. Changing budgeting strategies can be a good thing that sets your company up for success in the future.

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The Silent Crisis: Why Finance Lags in Digital Transformation and How to 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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From intern to CEO

Accounting Today

No matter where you are in your career, you control your own destiny.

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Ignition names Bec Donnelly as new SVP for People & Culture

Insightful Accountant

Seasoned HR leader Bec Donnelly joins Ignition as company scales for global growth

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PCAOB withdraws rules on firm and engagement metrics, firm reporting

Accounting Today

The Public Company Accounting Oversight Board has withdrawn the two standards it approved on firm and engagement metrics and firm reporting.

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NetSuite News: Little Words Project Expanding with NetSuite

Insightful Accountant

The original word bracelet brand leverages the power of the suite to centralize data, improve decision making, and increase sales.

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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.

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New tools for QBOA, and other tech stories you may have missed

Accounting Today

New tools in QuickBooks Online Accountant, a million predictions around AI, and other developments in tech from the past month.

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Federal Employee Buyouts to Impact IRS

Insightful Accountant

Recent developments at the Internal Revenue Service are poised to create significant challenges for tax practitioners during the 2025 filing season. Despite initially accepting buyout offers, some are now being required to work through May 15.

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Growing your firm? Let your clients lead the way

Accounting Today

Your clients hold the insight into where you should be investing, shoring up, or expanding offerings.

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Ignition Announces New SVP of People and Culture

Insightful Accountant

Ignition names former SiteMinder senior HR leader Bec Donnelly as SVP of People & Culture as the company scales for global growth.

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Maximizing Profit and Productivity: The New Era of AI-Powered Accounting

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

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I’ve Cloned Myself…

Future Firm

I wanted to replicate my expertise and availability so my members could pick my brain 24/7. The result? RyanBotmy AI-powered coaching clone. The post I’ve Cloned Myself appeared first on Future Firm.

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Take A Survey - You Might Win A T-Shirt

Insightful Accountant

We need your opinion and insights to help us continue to improve Insightful Accountant.

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20 Things you never knew before filing a Tax Return

Black Ink Tax & Accounting

Table of Contents 20 Things you never knew before filing a Tax Return: common tax deductions and taxes in 2025 […] The post 20 Things you never knew before filing a Tax Return appeared first on bitaccounting.

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IRS Income Tax Refund Schedule 2025: When Will Your Refund Arrive?

Insightful Accountant

Your 2025 IRS tax refund may arrive sooner than you think. Heres a schedule for when you can expect your check or direct deposit.

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Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

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How to Leverage the Power of Customer Portals to Elevate Customer Service

oAppsNet

In 2025, businesses must provide seamless and efficient customer service to remain competitive. One of the most effective ways to achieve this is by implementing a customer portal. On this centralized platform, clients can access essential information, resolve issues independently, and interact with your business effortlessly. For oAppsNET users, leveraging a customer portal can transform customer interactions, streamline operations, and drive business success.

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IRS Form 941

Black Ink Tax & Accounting

Table of Contents Understanding IRS Form 941 and employer federal tax instructions for form The form 941 is used for […] The post IRS Form 941 appeared first on bitaccounting.

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SBA fires staff, calls it an error, fires them again

Accounting Today

Trump's Small Business Administration told probationary staff members it had mistakenly sent them termination notices, then informed some of them the next day they were fired after all.

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House GOP takes first step toward tax cuts, debt limit increase

Accounting Today

The proposal aims to smooth the passage of Trump's top legislative priorities.

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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.

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US carmakers push for EV credits to be phased out

Accounting Today

Automakers are lobbying against lawmakers immediately ending popular electric-vehicle tax credits that President Trump has railed against.

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