Wed.Jun 12, 2024

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Founder Files: Starting a firm by accident

Accounting Today

Keila Hill-Trawick founded her firm, Little Fish Accounting, in 2018 after she started helping her friends with their taxes as a side hustle.

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New features announced at Xerocon London

Xero

We’ve just kicked off day one of Xerocon London and I’m buzzing about all the new Xero products and features that we announced this morning! Our vision is to build the most insightful and trusted small business platform. And Xero is making a big investment in the UK as part of its business strategy. If you couldn’t make it to Xerocon, or just need a recap, here are a few of the key announcements about things that are now available or coming soon.

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EY plans $1B investment to entice young accountants

Accounting Today

Ernst & Young's U.S. firm intends to invest $1 billion over the next three years in talent and technology to improve the attractiveness of the accounting profession.

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Mastering Spend Management: Proven Tips and Strategies for Effective Cost Control

Accounting Department

Every business faces a variety of major accounting and spending-related challenges. Chief among them — how can a business keep its spending to a minimum while still ensuring that they invest in growth areas and achieve its business goals?

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From Start to Scale: Driving Growth Through Seamless Payments Implementation

Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting

Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical

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Lessons in growth

Accounting Today

Strategies, tactics and best practices from Accounting Today's Firm Growth Forum.

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How GenAI-powered Just Ask Xero will reimagine accounting

Xero

It was so exciting to demonstrate Just Ask Xero (JAX) live in front of an enthusiastic crowd of accountants and bookkeepers at Xerocon London today. We previewed this innovative new product at our Investor Day earlier this year, and we’re really proud to be able to show a live demo only a few short months later. JAX, your smart business companion, available in beta in August this year, will help you and your clients run your businesses more efficiently.

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How does productivity in your industry or region stack-up?

Xero

Earlier this year, we shared that we’d be releasing the second part of our Xero Small Business Insights (XSBI) productivity report series. Our latest report, Small business productivity: industry and regional trends , builds on the first report released in April. It takes a deep deep dive into labour productivity at the industry and regional level across Australia, New Zealand, and the UK.

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CIMA names next president

Accounting Today

In addition to leading the Chartered Institute of Management Accountants, Simon Bittlestone will also serve as chair of the Association of International Certified Professional Accountants.

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Decoding the dilemma: automation vs standardization in Accounts Payable

Cevinio

We explore the essential decision for modern enterprises: what should come first—automation or standardization in Accounts Payable?

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Charity CEO accused of embezzling funds to dine at Per Se, Masa

Accounting Today

Keith Taylor is charged with embezzling about $2.5 million intended to help working families, allegedly spending it on rent for a luxury Manhattan high rise, and meals at top restaurants and steakhouses.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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Microsoft 365 Home Vs Microsoft 365 Business: Which One Is Better?  

Ace Cloud Hosting

Microsoft 365 is a set of apps and services used by over a million businesses worldwide. It is a cloud-based solution with multiple features that provide a secure and affordable.

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Ohio train victim payments are tax-free

Accounting Today

The Internal Revenue Service has determined that the Feb. 3, 2023, derailment qualifies as "an event of a catastrophic nature.

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Scaling Your Small Business with Outsourced Bookkeeping: Growth Strategies and Tips

Less Accounting

As a small business owner, you know the importance of keeping your financial records accurate and up-to-date. However, as your business grows, so do the complexities of managing your books. This is where outsourced bookkeeping can play a crucial role in scaling your operations efficiently. In this blog post, we’ll explore various growth strategies and tips for leveraging outsourced bookkeeping services to propel your small business forward.

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Pathways to Growth: Always be growing!

Accounting Today

Accounting firms can't afford to take their eyes off the future.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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5 Practical Steps to Optimize Your Supply Chain Today!

Nanonets

Supply chains are cumbersome to manage and navigate for all businesses. Any inefficiencies, operational turnaround pains, costs associated with manual processes and unpredictable delays will cut down profits significantly. What is Supply Chain Optimization? Supply Chain Optimization is the process of enhancing the efficiency and effectiveness of the entire supply chain.

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Boomer's Blueprint: Data management trends in CPA firms

Accounting Today

Cybercriminals are constantly devising new ways to infiltrate your systems, putting your client's confidential information at risk.

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What is Purchase Order Management? Steps, Best Practices and Benefits

Nanonets

Whether you're a small business or a large corporation, implementing effective purchase order management can make a significant difference in your operations. In this blog, we'll walk through what purchase order management is, why it is important, how to implement it effectively, how to automate it using technology. What is Purchase Order Management?

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EY's UK boss to step down as firm hunts for successor

Accounting Today

The Big Four audit firm is planning on splitting up his role, according to reports.

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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

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Is In-Person Better Than Remote?

Future Firm

I'm a strong advocate of remote work but in-person shouldn't be overlooked. Find out the benefits and drawbacks of each approach. The post Is In-Person Better Than Remote? appeared first on Future Firm.

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15 Accounts Payable Metrics Your Team Can Track 

AvidXchange

Monitoring and reporting on key performance indicators (KPIs) is an important exercise in any department. You may be wondering what types of accounts payable metrics your team can watch to help ensure your AP processes are efficient and consistently improving. This article will share 1 5 AP metrics that will help contribute to the overall success of your team, fostering a performance-oriented culture. 1.

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Power Up Your Retirement Savings: How Accountants Can Help Clients Leverage 401(k) Plans

Insightful Accountant

In today's competitive environment, accountants are constantly seeking ways to add value for their clients. One powerful tool often overlooked is the 401(k) plan. Read more about it!

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It’s a wrap! Day one at Xerocon London

Xero

After my first Xerocon as CEO at Sydney last year, the bar was set high for this year’s event here in London. And wow! Day one has knocked it out of the park. We kicked off with an incredible performance from Harry Yeff, also known as Reeps One, who uses AI to create unbelievable sounds and music. Our brilliant host (and a familiar face on British TV) Sue Perkins, then welcomed everyone to Xerocon London and quickly had us all in stitches.

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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng