August, 2023

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Accounts Payable Automation ROI Calculator

Fidesic blog

When evaluating an automation solution, tangible cost benefits are often difficult to quantify. There's the obvious things, like reducing printing check costs, transitioning to ACH instead of checks, and the reduction of hard costs that relate to shipping, but many of the main benefits are more ‘soft costs'.

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IRS requires business to start e-filing Form 8300 in 2024

Accounting Today

The Internal Revenue Service is telling companies they will need to start electronically filing their forms reporting cash payments over $10,000, starting Jan. 1, 2024.

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IFAC highlights sustainability reporting to world finance leaders

Accounting Today

The International Federation of Accountants issued a call to action to the G20 finance leaders urging them to focus more on sustainability as a way to achieve the United Nations' Sustainable Development Goals.

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Fidesic Features Highlight: Power Reporting

Fidesic blog

Fidesic Power Reporting makes it easy to run custom reports, lookup individual transactions with ease and always be ready for an accounts payable audit at any time.

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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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Unlocking Financial Agility: The Power of Instant Payments for Small Business Bookkeepers

The Successful Bookkeeper

It’s not just about crunching numbers and tracking expenses. For bookkeepers, it means being there for their clients by understanding the landscape of the industries, adapting financial agility, and advising ways to improve efficient cash flow. Introducing modern technology solutions like instant payments can give bookkeepers an edge in enhancing financial success for their clients.

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Xero Beautiful Business Fund: How to apply & application tips

Xero

The Xero Beautiful Business Fund has officially been open for one week and we’ve received an incredible response so far! We have four funding categories that Xero small business customers can apply to. Whether you’re looking to take the next step in your sustainability journey, seeking to innovate with the latest technological advancements, give back to your community or upskill yourself or your employees, there is a funding category for everyone.

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Unlocking the Power of Automation in Spend Management

Accounting Department

In today's fast-paced business environment, optimizing spend management is essential for maintaining financial efficiency and driving profitability. Traditional manual processes can be time-consuming, error-prone, and resource-intensive. However, with the power of automation, businesses can streamline their spend management practices and unlock significant benefits.

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FASB approves income tax reporting standard

Accounting Today

The Financial Accounting Standards Board voted to require companies to tell the public more about the taxes they pay, starting as early as 2025.

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Awesome AI Session at Summit NA 2023

Fidesic blog

Summer went by in a flash and with the back-to-school season underway, things are only going to go faster. Before we know it, we’ll be seeing you in Charlotte for Community Summit North America (October 15-20).

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Key MLOps processes (part 1): Experimentation, or the process of conducting experiments

FinOps in Practice

The main parts of the scheme, which describes key MLOps processes, are horizontal blocks, inside of which the procedural aspects of MLOps are described (they are assigned letters A, B, C, D). Each of them is designed to solve specific tasks within the framework of ensuring the uninterrupted operation of the company’s ML services. To understand the scheme better, it would be good to start with Experimentation.

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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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Introducing our 2023 Xerocon Sydney event partners

Xero

Xerocon Sydney is just weeks away on 23 and 24 August, and the ICC exhibitor floor will be full to the brim with some of the best and most loved apps, tools and services for accountants, bookkeepers and small businesses. This year, you can expect to see 80+ exhibitors at the event, including more than 70 leading Xero App Store app partners. Whether you’re looking for tools to chase invoice payments, simplify tax compliance, or make job management easier, you’ll find plenty of solutions to help s

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Tax Preparation for Small Businesses: A Comprehensive Guide for Accountants

Intuit

Table of Contents Understanding the Average Cost of Tax Preparation for Small Businesses Small Business Tax Preparation Checklist for Accountants How to Prepare Taxes for Small Businesses Tax Preparation Software for Small Businesses Strategies for Attracting Small Business Clients to Your Tax Preparation Business Other Career Opportunities for Tax Accountants and CPA Work as a Virtual Tax Preparer With Intuit Apply for Business Tax Jobs at Intuit Experienced tax professionals understand that

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ADC's Bill Gerber Inducted into the Marquis Who's Who Biographical Registry

Accounting Department

We are proud to announce that ADC co-founder, Bill Gerber, has been inducted into the prestigious Marquis Who's Who Biographical Registry!

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IRS offers info on tax-free programs to help with student loan repayments

Accounting Today

Educational assistance programs can help employees cope with the resumption of payments through a tax-free fringe benefit.

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Building a Business Case for Finance Automation

Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.

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Summit 2023 - AI Session and Hanging on the Expo Floor

Fidesic blog

We are excited to be back at Summit NA in Charlotte and can’t wait to meet up with the network IRL. Booth #1646, We’ll be at the expo all 3 days!

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MLOps maturity levels: the most well-known models

FinOps in Practice

Like most IT processes, MLOps has maturity levels. They help companies understand where they are in the development process and what needs to be changed in their ML approaches to move to the next level (if that is their goal). Using commonly accepted maturity level methodologies also allows companies to determine their place among competitors. Google Model Google has its own model of MLOps maturity levels.

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Product wrap from Xerocon Sydney 2023

Xero

We’ve just wrapped up day one of Xerocon, and it didn’t disappoint! The vibe and atmosphere in Sydney has been fantastic. Our leadership team — including new Chief Product Officer, Diya Jolly — shared the latest enhancements to our platform that will help accountants and bookkeepers grow their practice, help their clients succeed, and get the most out of Xero.

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Best Jobs for Seniors: Part Time Jobs in Tax Preparation and Bookkeeping

Intuit

Table of Contents Why Bookkeeping and Tax Preparation are Great Jobs for Seniors Part-Time Jobs for Retirees in Tax Preparation and Bookkeeping Top Intuit Tax Preparation and Bookkeeping Jobs for Retirees Why Intuit Tax and Bookkeeping Expert roles are Great Jobs for Seniors Conclusion: Why Tax Preparation and Bookkeeping are Ideal Jobs for Older People Apply for Intuit Tax and Bookkeeping Jobs If you’re a senior or retiree who wants to supplement your income or try out a new career, Intuit may

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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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Future-Proofing Your Business: Strategic FP&A for Long-term Success

Accounting Department

In today's rapidly evolving business landscape, it is crucial for organizations to future-proof their operations to ensure long-term success. One of the key pillars of achieving this is strategic financial planning and analysis. By effectively managing your financial resources and leveraging data-driven insights, you can position your business to navigate uncertainties and capitalize on emerging opportunities.

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10 tips for designing the firm of your dreams

Accounting Today

Three practitioners share their strategies and insights for building a great accounting practice.

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Connecting AppSource Marketplace Offers to HubSpot (August 2023)

Fidesic blog

There is an existing HubSpot connector on the Power Automate Connector list; however, this version does not yet support the scope changes to HubSpot's API.

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How Spend Visibility Can Help Schools Save Money

Compleatable

Schools are facing some of the steepest cuts since the 1970s. So, we’re guessing that seeing your school’s bank balance going down rapidly as the school year progresses is getting incredibly scary! But what about the granular detail- is that visible? We’re talking about knowing who is buying what, when, how often, where from, and why.

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Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.

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Balancing automation and compliance in expense reporting

Xero

This guest blog post was written by the team at financial management app, Expensify. Finding the right balance between automation and compliance in any business process can be challenging. For example, when it comes to managing expenses, manual expense tracking and paper-based processes can lead to errors, delays, and inefficiencies. On the other hand, automating every aspect of expense reporting without proper checks and balances can potentially result in compliance issues too.

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AWS cost datasets: Understanding blended, unblended, and amortized costs

FinOps in Practice

When a company uses AWS services, whether running virtual servers or storing data, it is billed for the resources it consumes. The FinOps team within the company naturally wants to stay in the know of the cloud costs to reduce and optimize them. This is where AWS Cost Datasets come into the picture, as they are designed to help analyze and monitor spending patterns to make informed decisions about AWS costs.

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Streamlining Financial Processes: How Client Accounting Services Drive Efficiency

Accounting Department

Efficient financial processes are essential for the success and growth of any business. However, managing tasks like invoicing, payroll management, and financial reporting can be time-consuming and complex, diverting valuable resources from core operations.

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IRS updates guidance on handling special state tax payments

Accounting Today

The Internal Revenue Service issued guidance Wednesday on how taxpayers should report the special tax payments, refunds and rebates they received from states in recent years as a form of relief during the pandemic.

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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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Why ACH Matters for Medical and Dental Organizations

Fidesic blog

If your medical or dental practice is also a small business then this post is for you. We are going to discuss a few of the benefits of adopting ACH both as a vendor and to pay your own vendors.

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Pursuing my professional and personal ambitions at Intuit

Intuit

I took the road less traveled Graduating high school at seventeen. Joining the Army Reserves. Earning six college degrees. Studying Greek, Hebrew, and Latin in seminary. I’ve been blessed with a bundle of energy and many interests. Even with all of those experiences, I’ve found my position at Intuit as a Multi-Domain Expert (MDE)—supporting TurboTax and QuickBooks—incredibly satisfying.

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5 tips to get the best out of apps at Xerocon

Xero

Xerocon is fast approaching: the best forum to hear about the latest innovations within Xero, get inspired and connect with other accountants and bookkeepers. Plus, with more than 70 app partners from the Xero ecosystem exhibiting at Xerocon Sydney on 23-24 August, it’s also the best opportunity you’ll have all year to connect with and learn about apps that can take your practice to the next level.

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In the News - September 1, 2023

Insightful Accountant

Murph wants to help you keep abreast of things happening around you—from news to vendor releases, conference tips and IRS updates. If he thinks you need to know, he's telling you.

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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.