August, 2021

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What is the Procure to Pay Process?

Ascend Software blog

If you've been in the Finance and Accounting world for a while, this should be nothing new to you. But, for everyone else, we've organized it into eight simple steps.

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10 Kubernetes Architecture Best Practices You Should Be Following

CloudZero

Looking to optimize your Kubernetes architecture?

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Fixed Price and Cost Reimbursement Contracts

SMB Accounting and Consulting

When applying for government contracts, it’s important to understand the types of contract options that are available to you. Each type of contract carries its own risks and opportunities and can help you make decisions when compiling your proposal. Project managers should work closely with their team to manage resources, track the project’s performance to budget, and communicate with the accounting department to review billing rates to make sure the contract remains profitable.

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How Long Does It Take to Process an Invoice?

IPS

One of the most common questions I'm asked by accounts payable professionals is: "How long should it take my department to process an invoice?".

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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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Why Dext Has Been a ‘Game Changer’ for Ad Valorem

Dext

Ad Valorem is a leading, proactive accountancy business managing clients from start-up to 20m turnover. As a family business with family values, Ad Valorem support and understand other family businesses to achieve their goals.

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Business Accounting & Tax Solutions That Exceed Your Expectations

Billah and Associates

While running a business or an enterprise, the glamorous idea of owning something can digress people from what really matters. There are enthusiastic activities that are often associated with businesses like creative ads, selling like a pro, working hard, achieving results, and more. But there’s something that a lot of people miss – bookkeeping.

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12 SaaS Metrics Every SaaS Company Should Be Monitoring

CloudZero

The market for Software-as-a-Service (SaaS) continues to grow exponentially. But more SaaS companies are reporting lower margins these days, despite historically enjoying 60-90% margins on average.

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Understanding Your Risk Profile

Oversight

Benchmarking your risk and capacity to address it are critical first steps in tackling cost control. Over the past 12 months, we have seen a dramatic rise in problem transactions (44% of Accounts Payable have been identified as problematic). Since 2019, cash leakage has risen over $8 Million which causes the cost of recovery to increase.

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What is Accounts Payable Optimization?

IPS

Is your AP automation solution falling short on expectations? If you are nodding your head, you are not alone.

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POP QUIZ: Can You Avoid These 5 AP Mistakes?

AvidXchange

Your company may be ready to shift to accounts payable (AP) automation. But mistakes could be made along the way. What are those stumbling blocks and how can your company avoid them to make this transition a success? Here’s a list of five common mistakes, advice on how to dodge them and a collection of questions to test the knowledge you gain along the way: The post POP QUIZ: Can You Avoid These 5 AP Mistakes?

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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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5 Steps to Save Time Finding New Business

Brigade

Does your business have a development pipeline? That can be a tough nut to crack when your company exists on billable activities.

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5 Tips for a Successful System Conversion

MediRevv

Patient accounting system conversions can be complex, confusing, and costly, even when they're done "right." The truth is that even the simplest conversion can create huge financial burdens if not executed with care and specific goals in mind. Conversions can involve multiple departments, tight deadlines, training teams, and overcoming a huge learning curve.

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What Is Cloud Scalability? 4 Benefits For Every Organization

CloudZero

One of the major benefits of choosing the cloud over on-premise architecture is the ability to easily and quickly scale — but what does scalability mean in cloud computing?

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Become a Certified FreshBooks Accounting Partner

Bookkeeping Side Hustle

Become a Certified FreshBooks Accounting Partner The links in this article to sign up for the FreshBooks Accounting Partner program are tracking links (not paid) so FreshBooks can assess how many people are coming from the Bookkeeping Side Hustle Community. Click here to become a Certified FreshBooks Accounting Partner Learn how you can get your free FreshBooks Accounting Partner certification and serve clients on FreshBooks.

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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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Dext Prepare Harvests Growth for Small Businesses

Dext

About Harvest Accounting Harvest Accounting (Harvest) is a digital-first accounting firm that was founded in 2018 with a goal to help small businesses succeed.

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REVx 2021: New Technology Presents Opportunity for Finance Pros

AvidXchange

This just in, finance professionals: You’ve entered a different world. You’re facing an ongoing wave of new technology to learn about, understand and use effectively. You have great opportunities to develop new skills to drive business growth and competitive differentiation. However, this requires a new way of thinking about technology and business.

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Which Kind of Succession Plan Does Your Firm Have in Place?

Brigade

Will the success of your company continue once current managing partners are no longer the leaders? It is a question of tremendous importance that too often gets put on the back burner. But, the worst-case scenario is avoidable. Here are the reasons why your firm should move succession planning to the front burner.

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Your Guide to Post-Pandemic Business Expensing

XY Bean Counters

5 MIN READ As we begin to slowly emerge from the pandemic, business owners and clients alike will need time to re-adjust. There is a mutual sense of urgency to return to normalcy and recover from the long and difficult period that we have all experienced. The professional world may never be the same; rebounding and finding a sustainable long-term action plan will be no easy task.

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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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What Are Spot Instances? And When Should You Use Them?

CloudZero

EC2 Spot Instances, according to Amazon , can potentially save you up to 90% of what you’d otherwise spend on On-Demand Instances.

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Fast and Easy QBO by Margie Remmers-Davis

Bookkeeping Side Hustle

Review of the Fast and Easy QBO ProAdvisor courses from Margie Remmers-Davis This post may contain affiliate links for your convenience. This means that if you make a purchase using our link, we’ll receive compensation at no additional cost to you. Margie Remmers-Davis has two courses to help you with your QuickBooks ProAdvisor Certifications. Get help with the QuickBooks Online ProAdvisor BASIC certification Get help with the QuickBooks Online ProAdvisor ADVANCED certification Email me at book

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How to Handle Your Legacy A/R for System Conversions

MediRevv

A checklist to avoid shortfalls with y our l egacy A/R before you start your system conversion.

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Workers Are More Productive at Home Than Corporate Offices, REVx Panelists Agree

AvidXchange

In one of the more important discoveries during the pandemic, workers have been more productive working from home than they were working in corporate offices before the crisis began. This revelation was something experts resoundingly agreed upon during AvidXchange’s recent REVx on the Road event in Houston, Texas. “Without a doubt, our company has been more productive since work-from-home began because of the pandemic,” said Joe DeDominicis, CFO and CTO of NRL Mortgage.

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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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3 Reasons Why Law Firms Need Expert Accounting Solutions

Brigade

Professional service firms have unique bookkeeping and accounting concerns. Law firms, in particular, need specialized assistance to ensure the firm’s financial management practices do not cause any ethics violations.

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Your Guide to Post-Pandemic Business Expensing

XY Bean Counters

5 MIN READ As we begin to slowly emerge from the pandemic, business owners and clients alike will need time to re-adjust. There is a mutual sense of urgency to return to normalcy and recover from the long and difficult period that we have all experienced. The professional world may never be the same; rebounding and finding a sustainable long-term action plan will be no easy task.

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Kubernetes Vs. Docker (Vs. OpenShift): The Ultimate Comparison

CloudZero

Your organization may be among the 68% that is increasing container adoption. Or you might be among the 32% that are yet to decide. Either way, containers are a big deal today. The 2021 Kubernetes Adoption Survey revealed a majority of organizations will implement the technology for their biggest tech challenges today.

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BONUS | Celebrating 100,000 CMAs

IMA's Count Me

IMA Website: [link] About the CMA Certification: [link] For nearly 50 years, the CMA® (Certified Management Accountant) certification has been the global benchmark for management accountants and financial professionals. Why? Because CMAs can explain the "why" behind numbers, not just the "what." And that can give you greater credibility, higher earning potential, and ultimately a seat at the leadership table.

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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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Intuit's Aggressive Move To Combat Square Cash App

Cloud Accounting Podcast

Sponsors Rewind: [link] AFO Wealth Management Forward: [link] Client Hub: [link] Show Notes 1:40 – We’ve hit the big time! We’re 2,034 out of all podcasts in the universe! 2:05 – An Exclusive Guide to America's Top Private Companies [link] 4:00 – TikToker Shares How She Spent Millions of Dollars for Alabama Sorority at 19 [link] 10:45 – Why this New York designer loves doing her own bookkeeping [link] 14:36 – These People Who Work From Home Have a Secret: They Have Two Jobs [link] 16:

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Flying Your Spaceship to the Moon: How to Optimize Your Patient Accounting System

MediRevv

What do successful, future-focused organizations all have in common? They are excellent at embracing change. As many of us witnessed during the pandemic – from restaurants to healthcare providers – the ability to adapt to meet consumer needs and perform well financially is critical. So, let’s talk patient accounting systems and your revenue cycle strategy.

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Why Are Paper Checks Still So Popular?

AvidXchange

While there’s plenty of momentum toward automating accounts payable (AP) processes, the reality is that a large number of businesses are stilling paying with paper checks. During the recent REVx on the Road event with finance leaders from the Denver area, this became abundantly clear. A few stop-in-your-tracks stats from a Goldman Sachs research report were shared with the panel of finance pros.

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Simplefficient Bookkeeping Reduce Manual Processing By 50%

Dext

In this case study, you’ll see how Simplefficient Bookkeeping reduced time spent on data entry by 50% with Dext Commerce. About the firm Simplefficient Bookkeeping Limited’s founder Steph Jones has worked tirelessly to become the responsive resource that her portfolio of clients depends on when handling their financial affairs.

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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.