June, 2023

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Payments Fraud Trends to Watch in 2023

Fidesic blog

Overall, payments fraud is the lowest it has been in nearly 10 years, according to an annual report released in May by the Association for Financial Professional and J.P. Morgan.

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Small firm, big impact: Tennick Accountants win hotly contested Xero Award

Xero

You win, or you learn – that’s one of Tennick Accountants’ internal mottos, and one that encouraged the firm to put themselves in the running and enter the 2023 Xero Awards UK & Ireland. For Graeme Tennick and his team that belief paid off, with the firm taking home the Small Firm of the Year award, the most hotly contested category of the programme.

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New guidance on tax credits for clean energy projects

Accounting Today

The service posted a fact sheet Friday on tax credits for renewable energy projects under the Inflation Reduction Act.

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AI can help UK small businesses grow and do more

Intuit

Intuit’s mission is to power prosperity around the world and help customers and communities overcome their most important financial challenges. Helping small businesses succeed is personal for us. In the UK, 99% of businesses are small or medium-sized enterprises (SMEs), and they account for 61% of all employment. Small businesses power local communities and are the economic engine of countries all over the world, but more than half don’t survive beyond their fifth year.

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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

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18 Unbeatable Benefits of Using Business Process Automation

Accounting Department

Business Process Automation (BPA) is used for operations in production workflows, accounting systems, data management, customer service processes, and even sales funnel coordination. Forms of BPA have become indispensable in industries such as manufacturing, banking, telecom, shipping, stock trading, food production, and many others. NetSuite is a software solution that offers many superior benefits for businesses that make the transition to automated processes.

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Reduced Government Funding in Healthcare and the Impact on Healthcare Companies

Ascend Software blog

In recent years, there has been a significant reduction in government funding for healthcare. This has had a major impact on healthcare companies, who are now facing increased financial pressures.

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Changes are coming to the contact overview page

Xero

Changes are coming to the contact overview page We wanted to share the next step in improving the contacts experience in Xero, helping you better manage the relationships with your customers and suppliers, as well as your cash flow. We’re excited to share that we’ve updated the design of our contact overview page, and introduced search and filter functionality.

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Recruit, retain, repeat: Top tips for talent

Accounting Today

With the pipeline problem on everyone's mind, here are the most important strategies and approaches firms need to take to remain competitive.

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From Intern to Full-Time: Britney Peart’s Journey of Growth and Opportunity

Intuit

Tell us about your background and what brought you to be an intern at Intuit. I’m an alum of George Washington University where I graduated with a B.S. in Public Health with a concentration in Health Equity and a minor in African American & Diaspora Studies. My coursework focused heavily on structural barriers that marginalized populations faced throughout history and its impact on their livelihoods and communities.

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FP&A is More Than Just Traditional Accounting

Accounting Department

Every savvy business leader knows the value of having a well-run bookkeeping or accounting department. But, not everyone is aware of how important it is today to have a financial planning and analysis (FP&A) team to help back their business with effective and accurate financials. While both accounting professionals and FP&A team members guide executive decision-makers and improve an organization's financial health, each one serves a different, critical function within the company.

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Cash Flow Secrets Every Upskilled CPA Should Know

Speaker: Debra L. Robinson

CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.

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Meet Our Top 100 ProAdvisors and Top 25 Up-n-Coming ProAdvisors for 2023

Insightful Accountant

Insightful Accountant is proud to announce the Top 100 ProAdvisor and Top 25 Up-n-Coming ProAdvisor Award Recipients for 2023.

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Handling Multiple Companies and Entities inside Business Central (BC)

Fidesic blog

Handling Multiple Companies inside Business Central (BC): The Difference between multiple companies and multi-entity management (MEM)

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How we’re making it easier for practices in the UK to manage clients in Xero

Xero

We’ve made some great progress towards creating a single source of truth for your client data. It’s all part of our work to connect our practice tools, so that in the future, as you manage your clients’ tax obligations in Xero, the data flows seamlessly into our practice management tools. This will help you work more efficiently, collaborate with your clients more effectively, and manage everything for your practice within Xero.

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Deadline for MP Elite 2023 submissions extended

Accounting Today

Due to extensive interest, Accounting Today is extending the deadline for submissions for its annual Managing Partner Elite list to the end of the day on Monday, July 10.

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Profit in the Details: Rethinking Spend for Monumental Impact

Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g

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A North Star for the Next Generation of Women Technologists

Intuit

By day, I work as a Senior Software Engineer on the Intuit TurboTax team. I spend the rest of my time as one of the co-founders of Code With Her , a San Diego-based 501(c)(3) non-profit. Code With Her’s mission is to close the gender, diversity, and socio-economic gaps in tech. It’s an issue that’s close to my heart. As an Indigenous Chamoru woman from the island of Guam, being in the tech industry transformed my life beyond my parents’ wildest dreams.

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Finding the Right Outsourced Client Accounting Services for Your Business

Accounting Department

Making the decision to turn to outsourced client accounting services can be a great way to save time and resources for your business. However, finding a trustworthy outsourcing partner can be a challenge. But how can you be sure you’re choosing an outsourced accounting service you can trust? There are a few characteristics of trustworthy, competent, and reliable accounting services that will help you know the provider you chose is the right one.

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Insightful Acccountant's 2023 ProAdvisor of the Year and Categorial Award Recipients

Insightful Accountant

Insightful Accountant is proud to announce the ProAdvisor of the Year along with the ProAdvisor Categorical Award recipients for 2023.

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6 Simple Ways to Cut Accounting Overhead in Hospitality

Fidesic blog

Managing the balance sheet for a hotel, restaurant or other hospitality organization involves a lot of moving parts and accounts payable is one accounting function that can create a lot of inefficiencies. Fortunately the AP process can be improved without much strain. Let's look at a few ways you can improve hospitality accounts payable.

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Navigating Bleisure Travel: A Guide for Mid-Sized Companies

Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.

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Our support for women’s football through the better numbers program

Xero

Millions of people around the world, myself included, are beyond excited in anticipation of the FIFA Women’s World Cup 2023 in July and August and Xero is incredibly proud to be a FIFA Women’s Football Partner. While we’ll all be caught up in the excitement of the tournament, it’s important to keep in mind the legacy – the enduring benefit – we can create from this moment in time.

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5 key challenges with RPA

Accounting Today

Robotic process automation carries many rewards, but a recent study has identified a handful of key risks that professionals must account for.

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Consumer Data Right (CDR) reform presents limitless opportunities for Australia’s small businesses

Intuit

As inflation and other economic pressures weigh on Australian small business owners, having access to tools that can help them make smart financial decisions is critical. The best tools should leverage data to provide a personalised experience and give small and medium-sized enterprises (SMEs) the information they need to hire, expand, cut costs, and streamline with confidence.

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Spend Management: 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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Unlock The Blueprint: How To Construct A Better Payment Workflow

Speaker: Timothy Allsopp

Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.

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Rewind 'Bulk Linking' Feature Now Available

Insightful Accountant

Rewind, the No. 1 rated commercially-available backup app for QuickBooks Online, has just introduced a new bulk linking feature, which makes it easier than ever for ProAdvisors to protect their clients' data.

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Microsoft Dynamics NAV End of Life? Yes & No. What Next?

Fidesic blog

It is true that Microsoft Dynamics NAV end of life is fast approaching. Mainstream Support ended for NAV 2018 at the start of 2023. This means the five-year countdown has begun for Dynamics NAV (aka Dynamics Navision) with all Navision extended Support ending in 2028.

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Small business retailers, beat the tax time woes with these simple tips

Xero

If your inbox is anything like ours right now, emails spruiking EOFY discounts, mid-year promotions and stocktake clearances are piling up by the dozen. And with a new financial year around the corner, it’s no surprise that retailers are cleaning house in preparation. So if you’re looking to do the same (and tackle tax time while you’re at it), below are a few simple tips to consider ahead of the ‘23 year-end.

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Effortlessly Viewing PDF Files on Your Computer or Tablet

LedgerDocs

PDF files are by far the most widely used format for sharing and viewing documents. Whether you are looking to open a business report, academic paper, or e-books, knowing how to view PDF files on your computer or tablet is essential but can be confusing depending on what device you are using. This blog outlines how you can access your PDF no matter what device you are using: Adobe Acrobat Reader: The easiest way to access a PDF file is using Adobe Acrobat Reader.

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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

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Intuit brings GenAI game to company code-a-thon

Intuit

Twice a year, Intuit technologists gather to experiment and collaborate on passion projects during Global Engineering Days (GED). The week-long code-a-thon shines a light on Intuit’s vibrant engineering culture, community, and commitment to sparking creativity. The week ignites innovation for more than 100 million consumer and small business customers.

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The Benefits of Outsourcing for E-commerce Businesses

Accounting Department

Simplifying e-commerce business operations can be achieved by outsourcing specific functions such as accounting and bookkeeping services. For an e-commerce business to thrive and succeed, it is crucial to maintain a clear understanding of its financial position, performance, profit margins, marketing commitments, stock levels, and cash flows on a regular basis.

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Forwardly Instant Payments Debuts to Improve Cash Flow for SMBs

Insightful Accountant

See how the First Real-Time Payments only solution empowers US businesses to get paid up to three days faster, while saving money on processing fees and streamlining workflows with automatic payment reconciliation.

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Compleat Software and Doncaster Rovers Football Club Announce New Partnership

Compleatable

At Compleat Software we take great pride in supporting the local Doncaster community, and we are dedicated to fostering collaboration and contributing to the economic growth o f neighbouring local businesses. After several successful years of operating from our new home in the Eco-Power Stadium, we are thrilled to , once again, become an official partner of our beloved local team, the Doncaster Rovers.

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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