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Staying ahead of the game in the accounts payable industry means ensuring that you are up to date with current trends and advancements. With technology constantly evolving and an increased amount of pressure to cut costs wherever possible, it is all too easy to find yourself missing out on useful prospects that will make your work life that little bit easier.
Payment files are generated using Automatic Payment Programs. These files are then encrypted and transferred to the bank. ESB picks up these payment files from SAP folder and shares the same with the bank through MIM job. Bank reads the payment files only in format specified by the bank itself. DME stands for “Data Medium Exchange.” To use DME, payment medium workbench is used.
New fintech trends are constantly emerging. This can make it difficult to determine which ones are necessary and which are simply “nice to have.” But as businesses begin to scale for growth and eliminate paper, automated bill payment software and e-payments are proving to be essential for a simple, swift and secure payment pipeline. Why Businesses are Hesitant to Implement E-Payments Businesses are hesitant to automate for a handful of reasons.
Over the past few years, tools and technological advancements have radically changed the aspect of business and marketing management. There have been several disruptions in the accounting industry in recent years, as technology has changed the way that accounting tasks are performed and the way that businesses operate. Some of the key disruptions include the increasing use of artificial intelligence, the shift to cloud-based accounting software, the rise of automation and the use of mobile devic
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Sponsor Elefant: [link] Show Notes 00:46 - Why Acuity is starting to offer tax services after being a solely advisory and bookkeeping firm for many years 02:07 - Kenji shares the background on his firm Acuity 04:56 - Acuity takes a B2B software startup approach to sales, unusual for an accounting firm 07:01 - Kenji shares why they don't call their bookkeepers "bookkeepers" 08:50 - How Acuity builds out their CAS technology stack and lessons learned along the way 11:39 - Watch Kenji and Matt's Yo
It’s APA Appreciation Week! In aid of celebrating this amazing profession of ours, and this momentous week, we have already kicked off with a few things planned that we are sure you will APpreciate, including our very first virtual event today. We will be opening our virtual doors to the public for our first ever virtual conference. The event is FREE for all those attending and is CPD accredited.
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It’s APA Appreciation Week! In aid of celebrating this amazing profession of ours, and this momentous week, we have already kicked off with a few things planned that we are sure you will APpreciate, including our very first virtual event today. We will be opening our virtual doors to the public for our first ever virtual conference. The event is FREE for all those attending and is CPD accredited.
We’re always looking for ways to save you time and make your bookkeeping even more effortless. This month we released our new Expense Reports tool. This gives you a straightforward solution for your clients that submit reimbursable expenses. No matter how big or small, we’re committed to delivering you the best experience.
The role of the CFO is continuously evolving. While leading financial planning and risk management for their organizations remains paramount, today’s CFOs are also taking on a more strategic role in keeping the business ahead of its competition. Not everyone is prepared for this shift. A study conducted by Forbes and KPMG found that a third of CEOs believe their CFO lacks the right skills to support strategic planning.
Your hosts, Adam Larson and Mitch Roshong, preview IMA's upcoming podcast series, "Count Me In". Adam Larson, Senior Manager of Educational Technology Enablement, and Mitch Roshong, Senior Manager of Educational Products, team up to talk with thought leaders and transformative business professionals from the accounting and finance industry about the future of the profession.
DevOps is a very data-driven practice. After the right cultural changes take place within an organization to adopt DevOps, teams often rely heavily on monitoring, measurement, and continuous improvement to keep their projects on track. The best teams use KPIs to benchmark their performance and report up to management. However, there’s one metric your DevOps team might not be tracking: The cloud cost of their engineering decisions.
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
Thank you to this week’s sponsor! This episode of the Cloud Accounting Podcast is sponsored by Xero. Did you miss the Xero Roadshow when it came to your city? You can still attend a Xero Roadshow Online ! You’ll learn how your practice can benefit from the full power of the Xero Platform and earn CPE credit. Register here. Show Notes 03:06 -- High schoolers get certified in QuickBooks.
If you didn’t already know, it’s APA Appreciation Week this entire week and tomorrow we are holding our first ever virtual conference. This is your reminder for tomorrow if you haven’t registered to attend yet… We will be opening our virtual doors to the public – just register on the link below, receive the link to your email and when it’s time, simply click to attend!
Receipt Bank are halfway through an Australian road trip. We even went and got ourselves an on-brand van for the occasion! Ok maybe we haven’t … We kicked off the roadshow in Sydney on the 7th of May, where Lieletta Calleja of All That Counts and Graham Meredith of Book Us Bookkeeping shared their secrets to growth.
Property management firms have been handed a golden opportunity: the demand for rental property is on the rise and it isn’t expected to slow. According to a report from Harvard University, 60 percent of residents in major U.S. cities now rent their homes. Investors are responding by turning real estate investments into rental properties, leading to an increased need for property management services.
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.
When it comes to revenue recognition and ASC606, finance executives at SaaS and subscription companies face many challenges. There are complexities regarding revenue and billing models, how well aligned sales and finance are on deal terms, and the changing rules from ASC 605 to ASC 606.
Working in the financial industry is a long-held dream for many. And it is not just a job, but rather a career where you can start out in one position and work your way up over the years. Some will find it easier and some more difficult, but most importantly, the manner in which one moves up the ranks will differ. Those that appear to have a smooth ride or generally find it easier to be promoted have usually undertaken a range of qualifications, certifying themselves.
The APA Appreciation Week is starting in less than 2 weeks… A whole week dedicated to Accounts Payable professionals, celebrating our awesome-ness! As a pivotal part of any team, we thought it was high time AP professionals were noticed and, most importantly, appreciated for the contribution to businesses all around the UK (and globally). You may have already seen a lot of hype online around this event and each day will have a slightly different focus, but to recap: Monday 13 th M
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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?
This episode is sponsored by Xero. Xero Roadshow is coming to a city near you. Expand your knowledge and keep up with all things Xero. Show Notes 01:41 - Nicolas Cage Ponies Up $6.25 Million to Pay Back Taxes—But How Much Does He Still Owe? | E Online 03:14 - Wolters Kluwer takes services offline after malware attack | Journal of Accountancy 07:21 - What’s Behind the Wolters Kluwer Tax Outage?
The real estate industry has evolved beyond maintaining portfolios and properties. Associations and property management organizations are focused on growth and revenue to keep up with demand for more commercial and residential properties. But they are also juggling the cost of maintenance, leasing, inspections, evictions and more on a daily basis, making it difficult to forge the right path toward that long-term growth.
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Sponsor Xero: [link] Show Notes 01:43 -- It looks like Intuit and H&R Block have been employing some super-shady marketing tactics for years to charge people who should otherwise have qualified to file their taxes for free. Here’s everything you need to know about the ProPublica “Free File” investigation. For more, be sure to read “ Here's How TurboTax Just Tricked You into Paying to File Your Taxes ,” and " TurboTax Deliberately Hid Its Free File Page from Search Engines ”.
Sponsor Xero: [link] Show Notes 03:11 - Thanks for the reviews! Click here to leave a review on iTunes and we'll read it on the air. 05:44 - Elon Musk tells Tesla employees he'll review all of company’s expenses in new cost-cutting plan | FOX Business 07:20 - IRS statement and instructions regarding recent software outage | Internal Revenue Service 09:07 - QuickBooks Live Bookkeeping Update: May 2019 | Firm of the Future 15:29 - Intuit CEO in Internal Video: Hiding Free TurboTax Was In “Best Int
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