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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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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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Congratulations to the finalists of the Xero Singapore Awards 2023!

Xero

We launched the Xero Singapore Awards five years ago to recognise and celebrate the tremendous contribution our Xero partners make to the small business community and the accounting industry. Sharing our passion for small businesses, they work tirelessly to champion their clients, advocate for digital transformation to deliver greater value, and take on new challenges to help their clients thrive.

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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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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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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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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.