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Many people ask why they should invest in their learning and development if they are not going to receive a formal qualification or professional CPD points for their efforts… Yes, it’s true, some learning events will not give you this formal recognition, while others will, but continued learning is an essential part of your career growth plans if you want to move up the ladder in Accounts Payable.
Tips on how to optimize Chrome browser features for cloud accounting software like QBO (QuickBooks Online) and other cloud accounting related software. You need to know this stuff if you are using QBO!
This year, Receipt Bank did a company-first. We took a select group of Australian partners away from their desks for an immersive learning experience, to share best practices to help them continue to build their firms. The experience took place at the Sheraton Grand Mirage Resort in Port Douglas for three days.
As the costs of purchasing continue to rise, it’s important that business owners follow best practices when it comes to the procurement process. In today’s economic climate, CFOs and business executives have little room to rest on their laurels without feeling the heat from investors and external entities. For this reason, you’ve got to transform your procurement process across your supply chain to achieve “best in class” status.
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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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.
Sponsor Xero: [link] Show Notes 01:21 -- We got some more reviews! Leave us a review on iTunes and we’ll read it on the air. 02:33 -- Scroll to the comments of this review on The College Investor for some pretty scathing reviews of Visor, the $99 tax prep service we covered in the last episode of the Cloud Accounting Podcast (they did not have a good busy season). 03:15 -- Ryan Lazanis says that the only way traditional accounting firms can compete with accounting startups like Visor, Pilot, Ben
With APA Appreciation Week kicking off on Monday 13 th May, we are dedicating an entire week to appreciating AP professionals! Why only one week? You can read about that here… [link]. For now though, we want to know what you are doing to celebrate! Here are some ideas from other AP teams – feel free to steal some: Focus on education and personal development Have a fancy dress Friday on 17 th May Have a themed dress-your-office day on Friday 17 th May Casual clothes Friday Dress up
Why only one week dedicated to appreciate AP professionals? Well, we currently don’t have even one day set aside each year to show appreciation to Accounts Payable folk , so a week is a good start! It’s high time AP staff get put in the spotlight, shining a light on just what they do to contribute to a company’s success. Responsible for the final steps in any transaction, even though multiple departments have touched the transaction before them, AP staffers are usually first in the fi
Why only one week dedicated to appreciate AP professionals? Well, we currently don’t have even one day set aside each year to show appreciation to Accounts Payable folk , so a week is a good start! It’s high time AP staff get put in the spotlight, shining a light on just what they do to contribute to a company’s success. Responsible for the final steps in any transaction, even though multiple departments have touched the transaction before them, AP staffers are usually first in the fi
Since his Spring Statement when the possibility for fines on late payers was announced, Chancellor, Philip Hammond has had AP departments scrambling to get their acts together and put measures in place to get significantly more organised with regards to payment processing. If your business has not yet begun looking at ways to reduce the length of the payment timeline, this article may be a push in the right direction.
Sponsor Xerocon: [link] Show Notes 00:52 -- Welcome to our first guest co-host, Rachel Fisch ! 01:36 -- We got another review! Leave us a review and we’ll read it on the air. 02:32 -- Visor , the $99 app-based online tax service, did NOT have a great busy season. David’s got all the sordid details in a detailed LinkedIn article. 20:16 -- …and after all that, David didn’t even get to chat with Claudell :( 23:30 -- Zoom raises IPO price and could begin trading with a $9B valuation 27:16 -- Online
Sponsor Xerocon: [link] Show Notes 00:53 -- Thanks for the reviews! Give us a review on iTunes and we’ll read it on the air. 01:51 -- The house passed a bill permanently banning the IRS from creating its own free online tax preparation software. Here’s the coverage in Huffington Post , Business Insider , and ProPublica. For the history on IRS-assisted tax prep and the arguments for and against, listen to Planet Money #760: Tax Hero. 08:43 -- As cashless stores grow, so does the backlash — this t
Tedious as it may seem, every business transaction needs to be recorded in the right account. The problem, however, is that unless you have automated accounts payable software, finding the correct account isn’t always such a simple task. Fortunately, a chart of account can help you with that. Whenever you need to find a line item on an old invoice, do you find yourself having to go back and search through mountains of paperwork, or thumb through rows of filing cabinets drawers?
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
Every year an increasing number of companies are turning to global business travel solutions to spur bottom-line growth, solidify customer and supplier relations, and remain competitive in an international market. However, not enough business leaders regard expense management as a function of equal importance to other internal departments. According to one study, North American companies that met “best-in-class” performance standards were 40% more likely to utilize expense management solutions.
Sponsor Xerocon: [link] Show Notes 03:32 -- We got another review! If you like what you hear, do us a favor and leave a review on iTunes. 04:00 -- Intuit is creating 200 to 500 jobs at a new “ prosperity center ” in the small city of Bluefield, West Virginia. 06:16 -- A new study says the top benefit employees want is unlimited paid time off (PTO), putting that benefit ahead of wellness plans, phased retirement programs, paid sabbaticals, and free or subsidized on-site services. 08:13 -- So give
To fulfill your business’s mission, you need to develop strong and lasting relationships with your suppliers. Adopting vendor management best practices will help you forge a stronger bond with your suppliers by working toward mutually beneficial agreements for both their company and yours. No matter if you work with one supplier or hundreds, your business must have an efficient vendor management system to assist with organizing contract terms, points of contact, financials, and more.
As a business owner, the last thing you want to do is pay a fraudulent or inaccurate invoice. Three way matching can help safeguard your accounts payable against incorrect or fraudulently submitted invoices. Today, an increasing number of business owners and departments in charge of finances are using three way match processing to mitigate risk and reign in company spending.
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.
Sponsor Xero: [link] Show Notes 00:52 -- We got some more iTunes reviews! Leave us a review and we might read it on the air. 02:09 -- New usage rules for Intuit's popular accounting software could mean some customers will need to move to a pricier plan. And some entrepreneurs say it's one tweak too many. 06:26 -- The next "QuickBooks With Live Bookkeeping" test is up and running.
What do exotic pets, human organs and receipts have in common? They’re all available on the black market, according to a recent BBC report. While an illegal market for something as mundane as receipts might be surprising, it’s a logical extension of a cash-based expense system. And the problems don’t stop there.
“E-invoicing? Oh yes…. We use e-invoicing all the time, most of our invoices come through electronically” …… but is this a true e-invoice? In this blog we aim to dispel the myths around e-invoicing and explain why it should be on the roadmap for all businesses. What is an e-invoice? It is structured, tax compliant, authenticated invoice data issued from a supplier to a buyer and is the only version of the invoice relevant to the tax authorities and auditors.
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