March, 2023

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Reshaping Xero to enable disciplined growth and focus

Xero

Below is the message shared with all Xero employees today Dear Xeros Over the past few weeks, as I have stepped into the CEO seat, we have had several conversations about Xero’s strengths and significant market opportunities. We have also talked candidly about our challenges following the rapid scaling of the company. As we look to the next phase of Xero’s growth, many of you have asked me what change is needed for us to simplify focus, strengthen our execution and balance growth with profitabi

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Digitizing Payments for Service Based Industries

Fidesic blog

Digitizing accounting functions can improve efficiency, reduce costs, and increase accuracy for service-based companies. It can also provide valuable insights and analytics that can aid decision-making and help firms stay competitive in a rapidly evolving marketplace. In this post we will discuss the importance of digitizing B2B payments as it relates to digital transformation (DX) initiatives.

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A London-based accountant rides the wave of digital transformation

Intuit

Growing up, Eriona Bajrakurtaj had a unique dream compared to other kids her age. “I wanted to be this businesswoman where I walk into a boardroom and everyone respects me because I have knowledge and things like that,” Eriona says. “I had a very different outlook from my friends.” In fact, very little about Eriona’s childhood was typical. At 13, she started bookkeeping for her father’s fledgling accounting business.

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A Thank You to the Women of ADC! #IWD2023

Accounting Department

AccountingDepartment.com is proud of our amazing, hard-working, dedicated women who make up the bulk of our team and for this International Women’s Day, we would like to take a moment to thank all of these women that keep us moving forward on a day-to-day basis. Our female team members have made an incredible impact on our business over the years and we would not be where we are today without them!

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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

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The Most Shocking Accounts Payable Stats

Ascend Software blog

Accounts Payable (AP) is a crucial function of any organization. It is responsible for managing the payment of bills and invoices to suppliers and vendors. However, many organizations struggle with their AP processes, leading to inefficiencies and financial losses.

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Case Study: Chargify

ProsperOps

Customer B2B SaaS payments platform with growing Amazon Elastic Compute Cloud (EC2) spend Overview With ProsperOps, Chargify has automated and matured their cloud cost optimization strategy, eliminating wasted spend and continuing to see gains in their Effective Savings Rate, making a 40% improvement in the twelve months leading up to April, 2022. Challenge Chargify formerly held engineering responsible for their AWS savings commitments.

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Microsoft Windows Autopilot for Dynamics Users

Fidesic blog

Have you checked out Microsoft Autopilot? If you care about desktop and device management for an organization using Microsoft Dynamics ERP, this is one tool you should know about if you aren’t familiar with it already. In this blog post, we'll tell you a bit about Microsoft Windows Autopilot–what it is and why it makes sense for Dynamics ERP users.

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Takeaways from the 4th Annual Intuit Trans+ Summit

Intuit

Over the past few years, diversity has been front and center for many corporations. However, that’s not enough–diversity can’t stand on its own. At Intuit, we continue to strive for a diverse, equitable, and inclusive workforce that empowers employees–both in and outside of Intuit, who identify as transgender or nonbinary. Held on March 14, 2023, the 4th annual Intuit Trans+ Summit shined a light on intersectional transgender and nonbinary experiences for the tech community at large.

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AccountingDepartment.com is 19!

Accounting Department

AccountingDepartment.com is 19 years old today. Wow. When I started here in November of 2013, we were rapidly approaching our 10 th anniversary and faced with the first big “but how do we celebrate this milestone” question. Of course, as the years have passed these questions have come at various intervals celebrating both time and event-based achievements—but the excitement and celebration grows with each one.

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Accounts Payable Process Improvements, and the Metrics to Help Measure Success

Ascend Software blog

Improving Vendor Relationships Improving vendor relationships can have a significant impact on accounts payable efficiencies. Here are some ways in which it can be achieved: accounts payable process improvements.

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From Start to Scale: Driving Growth Through Seamless Payments Implementation

Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting

Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical

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Channel Partners Conference & Expo

ProsperOps

Channel Partners Conference & Expo May 1-4, 2023 The Venetian Resort & Expo Booth 1453 Get to know ProsperOps at the Channel Partners Conference & Expo in Las Vegas, NV Join ProsperOps on the expo floor of the Channel Partners Conference & Expo taking place May 1-4 at the Venetian Resort & Expo. ProsperOps is an autonomous cloud cost optimization tool.

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What is AI and why is it relevant for my small business?

Xero

It’s safe to say that artificial intelligence (AI) is now part of common language and everyday life. But while we’ve all heard of the term, not everyone really knows what it is or how to use it (or rather, whether it can be useful for them). Believe it or not, the term ‘artificial intelligence’ has been with us since as far back as 1955, when a number of academics and professionals in the field of technology first proposed a study of the term.

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The Basic 1, 2, 3 of QBO-Advanced Spreadsheet Sync

Insightful Accountant

Murph takes you through the basic steps to use QuickBooks Online-Advanced Spreadsheet Sync. Preliminary results of our Top 100 Applicants specializing in QBO-Adv show not many of their clients are using this feature.

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Helping taxpayers make the most of the 2023 tax season

Intuit

Taxes can be confusing. How does anyone have the time to figure out the deductions and credits they qualify for? That’s how we help. Intuit has helped tens of millions of families and small businesses take charge of their finances by helping them understand, prepare, and file their tax returns confidently—millions of them for free. In fact, over 93 million consumers, and 10 million small businesses manage their finances with Intuit.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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A Financial Controller May Be Just What You Need, And More

Accounting Department

Considering the need for a financial controller for your business? To help you solidify the decision, learn more about the duties of a financial controller and the benefits of partnering with an outsourced client accounting services (CAS) provider to make it even easier!

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13 Employee Theft Statistics You Should Know in 2023

Fit Small Business

No matter how much time and money you spend strengthening your company culture and investing in your people, your business may still be affected by employee theft—of money, of confidential data, of time. Understanding this issue is key to combating or even preventing it. Read through the employee theft statistics and trends below and learn. The post 13 Employee Theft Statistics You Should Know in 2023 appeared first on Fit Small Business.

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CPA Worries Clients’ Data Disclosure In Offshoring Tax Services: Should They Worry?

CapActix

When a tax return preparation may reveal or utilize a taxpayer’s tax return data without first getting the taxpayer’s authorization, IRC section 7216 and its accompanying regulations apply. Because violating section 7216 and its regulations is a federal criminal, CPAs should become familiar with these laws. When offshoring services, CPA tax preparation firms are often concerned with sharing client data overseas.

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Five time-saving features exclusive to new invoicing

Xero

Did you know there are two versions of invoicing in Xero? There’s the original ‘classic’ invoicing experience and ‘new’ invoicing. New invoicing is the updated version with a refreshed design, new functionality and many of the features you know and love from classic. New invoicing has come a long way since its initial launch and we’re pleased to have introduced several improvements you won’t see in classic invoicing.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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Meet Top 100 ProAdvisor Leah Berger

Insightful Accountant

Our spotlight of the Insightful Accountant 2022 Top 100 ProAdvisors continues with a spotlight on Leah's Insights' Leah Berger. See what she says it takes to stay on top of your game.

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How the Coalfield Solar Fund Helps Promise a Sustainable Future for Virginia and West Virginia Communities

Intuit

The harsh realities of the climate crisis are tangible, complex, and already being experienced in all corners of the globe. A changing climate has intersectional ramifications, posing threats to communities, ecosystems, and the wellbeing of future generations. However, there is still time for swift, thoughtful, and bold action to chart a brighter and more resilient path for our collective future.

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Work Smarter, Not Harder with Workflow Automation

Accounting Department

As we move towards a more technology-driven world, it's important for business owners to adopt a "work smarter, not harder" mentality. One way to achieve this is through workflow automation with ERP software like NetSuite.

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Retirement Planning Tips for Businesses to Share with Employees

Analytix Finance & Accounting

Managing finances is crucial, especially when planning for retirement. For business owners, it is critical to ensure they always adhere to legal requirements, especially if they have in-house staff. Employing staff requires businesses to adhere to financial regulations such as salaries and benefits. Businesses also typically need to ensure they are legally compliant with payroll regulations, including benefits such as retirement plans.

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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

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What is digital transformation?

Nanonets

Digital transformation is not just a buzzword. It is a strategic process that enables businesses to embrace the latest technologies and evolve to remain competitive in today's fast-paced digital world. It is all about transforming business models and operations using advanced digital technologies to deliver value to customers, improve employee productivity, streamline operations and increase revenue.

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Time to celebrate amazing accountants taking on industry challenges

Xero

Despite the fantastic work that accountants and bookkeepers do, the industry has an image problem. There’s still an old-fashioned perception, with little understanding of how you support small businesses and the wider economy. We know from our recent research – Five biggest hurdles hindering accountants – that recruitment is a key hurdle you face, and this misconception among the candidate pool isn’t helping.

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When It's Time to Migrate Desktop to Online Payroll

Insightful Accountant

QuickBooks Desktop users can take advantage of the benefits of QuickBooks Online without having to start over using a QBO Payroll (payroll only) Subscription.

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The transformative power of foundational technology

Intuit

Every era comes with a vision of new technology. Today, hawkers on the street selling goods make the most of QR code. They are using QR code because of its significant impact on business—and not so much because they understand the workings of the technology. Scanning the QR code takes care of the entire transaction with customers. When technology feels like magic, adoption rates tick up rapidly.

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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

Speaker: David Warren and Kevin O'Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

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CFOs Love Outsourced Bookkeeping Services for These 4 Reasons

Accounting Department

Outsourced bookkeeping services are here to help CFOs of small to medium-sized businesses optimize their time and offer them a number of benefits!

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Top 13 Accounting Trends 2023 To Keep An Eye On

CapActix

Introduction Accounting practices have changed over time with new technologies, evolving customer demands, and business needs. It is now much more than just bookkeeping and ledgers. Accounting firms are embracing these new trends to be in league with the new changes and better serve client demands. The Pandemic effects are still relevant, and adapting to the latest accounting trends is the one way to stay sustainable for more extended periods in the market.

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How to Ignite Your Company’s Growth With Working Capital

Plooto

All business owners face the epic challenge of growing their business while having enough cash to fund product development, expand sales and marketing, or hire additional staff. The key to success lies in having positive working capital , which provides excess cash to invest in growth. To quote an industry maxim: “Revenue is Vanity, Profit is Sanity and Cash is King” — Alan Miltz.

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Four ways Kiwi small businesses can hit refresh for FY24

Xero

The past few months have been a whirlwind for many New Zealanders. From devastating weather events to rising costs of living pressures, it’s been a hugely challenging start to 2023. But the promise of a new financial year brings the chance for small business owners to reset their work routines – creating new habits, goals and even wellbeing practices to make life a little easier.

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Solve Your Firms Automation Complexities Once and For All

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.