April, 2022

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6 ways to support the work-life integrators and segmentors on your team

Atlassian

5-Second summary. Work-life balance is highly desired but often elusive, especially for managers trying to accommodate their employees. Most individuals are either work-life segmentors (who strictly separate their professional and personal lives) or work-life integrators (who switch between work and personal tasks throughout the day). Self-awareness of where one falls on the segmentor-integrator spectrum can help individuals (and their managers) identify strategies for achieving the ideal work-l

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How to optimise accounts payable the easy way

AP Association

For many years, businesses have viewed accounts payable as a routine but necessary back-office task. Invoices come in and, eventually, money goes out of the company bank account. However, that old way of looking at it negates the importance of cash flow and expenses. You’d prefer the process to be as inexpensive and accurate as possible. Even if you have a great team, failing to put the right system in place could get you in trouble.

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Accounts Payable: Benchmarking your KPIs

The Institute of Financial Operations

Do a quick litmus test on your current Accounts Payable (AP) processes: How many FTEs in Accounts Payable? How many invoices do you process per annum? This provides you with the number of invoices processed per FTE per annum. According to analysts, high performing AP departments outperform all others and process 27,097 invoices per FTE, per annum (APQC).

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The Top 5 Harness.io Alternatives & Competitors (Updated 2022)

CloudZero

Harness.io is one of the most popular platforms today for automating continuous delivery (CD). The platform enables engineers to rapidly build CD pipelines (Harness Smart Automation), automatically verify code changes to reduce rollbacks (Harness Continuous Verification), and deliver enterprise-grade security (Harness Continuous Security) for teams of all sizes.

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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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How To Start a Bookkeeping Business in 2022 [Step by Step]

Future Firm

Do you want to know how to start a bookkeeping business or accounting firm in 2022? Great news, because this step-by-step guide will cover the critical 7 steps you’ll need to follow to set up a modern bookkeeping practice and to land your first clients. In fact, these are the very steps that I followed to help take my heavily bookkeeping-focused accounting business from scratch to sale in only 5 years.

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Achieving Accounts Payable Zen: A Guide to Touch-Free Invoice Processing

IPS

Manual processes are a big problem for accounts payable (AP) departments.

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Digital accounts payable trends to watch out for in 2022

AP Association

Technology is a major driving force that is shaping how the world does business. This push for technological innovation is impacting the landscape of multiple industries, including finance. The digitisation of companies is becoming a standard practice for brands looking to succeed in an increasingly digital world. Accounts payable (AP) is an integral part of business finance that works to ensure that companies are effectively handling their financial obligations.

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Newly qualified – the NIMBL Intelligent Accounts Payable SAP-qualified partner-packaged solution

SAP Accounts Payable

Accounts Payable can be complicated and sometimes requires a meticulous, complex process. Issues that arise can have real financial impacts. Do you want to know how one of our SAP Partners simplifies such processes and how obstacles can be overcome? After having attended the Hack2Build SAP S/4HANA Cloud Side-by-Side Extensions last year, and working closely with the SAP Co-Innovation Lab and the SAP product team, our SAP Partner Nimbl published its winning use case in January 2022 conveying the

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The 10 Best AWS Cost Monitoring Tools (Updated 2022)

CloudZero

AWS cost monitoring tools enable you to track your resource consumption and costs associated with running operations on the AWS platform. These tools vary in capabilities, but they typically offer customizable reporting, dashboarding, data analytics, built-in automation, and cost alerting.

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The Definitive Accounting Workflow Guide

Future Firm

In this article, you’re going to learn about what an accounting workflow is, the purpose your workflows serve in your firm with 9 key workflows that you can optimize in your accounting firms. Let’s go! What is a Workflow? Your organization has a variety of critical tasks that need to be completed on an ongoing basis. A workflow is therefore the sequence of steps required to move a task from beginning to end in order to complete it.

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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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How Oracle ERP Users Can Reduce their Cost to Process an Invoice

IPS

It costs most businesses a lot of money to process invoices, even those that use the Oracle ERP.

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Viva Las Vegas… and Team ’22!

Atlassian

Subscribe to Work Life Get stories about tech and teams in your inbox Subscribe. What a feeling to be standing on stage once again. This year’s TEAM, we’re coming to you live from Vegas or via our digital experience for those watching along from your office or living room. Thank you to you , our customers and partners, for taking the time out of your day wherever you may be to connect with us.

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Breaking Down the Time-Saving Benefits of Accounts Payable Automation

AvidXchange

One of the biggest benefits of accounts payable automation is its ability to save your team time. In fact, Goldman Sachs recently estimated AP automation can drive 70-80% time-savings for small and medium-size businesses (SMBs). But how does an automated solution cut so much time out of the invoice and payment cycle, and what does that actually means for the business?

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Stumbling Towards FinOps

Azure FinOps

Change takes time. The transition from one paradigm to another is never as quick as we’d like, or as it seems in memory. Today, it’s difficult to recall the resistance public cloud, as a method for providing key services such as computation and database, faced in an earlier stage. With this in-mind, let’s consider the difficulties I’m seeing in the field as organizations struggle (I think that’s the right word) to adopt FinOps principles to their cloud usage.

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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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15 Best Cloud Computing Tools (Updated 2022)

CloudZero

Cloud computing empowers organizations to access IT resources on-demand, over the internet, and on a pay-per-use basis. Thus, your company does not need to purchase, install, operate, and upgrade hardware for physical data centers.

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My biggest lessons learned after doing hundreds of QuickBooks Online cleanups

5 Minute Bookkeeping

Are you taking on a QuickBooks Online cleanup and looking for some helpful tips? After doing hundreds of QuickBooks Online cleanup projects, I have pretty much seen it all by now. I have made my share of mistakes, but I have certainly learned a lot of valuable lessons along the way. Every cleanup has it’s own unique challenges, but there are some key factors to help set you up for success from the start.

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A Deep Dive into Basis Periods with Paul Aplin OBE – Pt. 2

Dext

We invited Paul Aplin OBE back for a second deep dive into Basis Periods. In part two, Paul answers your questions off the back of the first edition. From MTD, to software capabilities, and the impact on tax deadlines, Paul leaves no stone unturned.

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How to Upload Transactions into QuickBooks Online with a CSV File

XY Bean Counters

4 MIN READ If you’ve ever logged in to QuickBooks Online (QBO), you’ve likely seen the time-saving feature that is the banking feed. By establishing a connection to your bank accounts, your transactions can flow directly into QuickBooks for review, avoiding the need for manual entry. While this feature is convenient and functional most of the time, like all technology, there may be situations in which the QBO connection to your bank is down.

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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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Financial Services Industry Experiencing Spending Slump, Data Reveals 

AvidXchange

New data from our AvidPay Network revealed s pending by middle market companies on financial services has slowed during the past nine months after steadily rising through the height of the pandemic. This trend is one of several captured by our Middle Market Spending Trends Report , which analyzes millions of payments made by middle market businesses each quarter.

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Stumbling Towards FinOps

Azure FinOps

Change takes time. The transition from one paradigm to another is never as quick as we’d like, or as it seems in memory. Today, it’s difficult to recall the resistance public cloud, as a method for providing key services such as computation and database, faced in an earlier stage. With this in-mind, let’s consider the difficulties I’m seeing in the field as organizations struggle (I think that’s the right word) to adopt FinOps principles to their cloud usage.

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Putting Cloud Cost Optimization On Autopilot

CloudZero

When I co-founded CloudZero, I set out to change the way the world thinks about cloud cost optimization and management.

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What are payroll journal entry?

Billah and Associates

Journal entries are utilized in accrual bookkeeping to record payroll expenses that have been brought about, at the time the cost becomes payable. Unlike cash bookkeeping, which records installments when they are really made, accrual bookkeeping costs as they are committed. Under an accrual accounting framework, there are a few journal entries connected with payroll.

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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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The Great Accounting Shift – What Does The Change Look Like?

Dext

Technology and automation is changing the way the accounting industry operates. Accountants and bookkeepers are an essential part of business digitisation, thanks to the growing number of software available to manage large workflows. This represents an anticipated evolution of the accounting landscape, that’s now seeing accountants and bookkeepers shift from standard compliance to tech advisory.

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How to Upload Transactions into QuickBooks Online with a CSV File

XY Bean Counters

4 MIN READ If you’ve ever logged in to QuickBooks Online (QBO), you’ve likely seen the time-saving feature that is the banking feed. By establishing a connection to your bank accounts, your transactions can flow directly into QuickBooks for review, avoiding the need for manual entry. While this feature is convenient and functional most of the time, like all technology, there may be situations in which the QBO connection to your bank is down.

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Future-Proofing the Office of the CFO: A Conversation with Alpana Wegner, CFO at Benefitfocus

AvidXchange

I understand it’s getting tiresome to continue talking about the global pandemic we’ve all lived through over the last two years, but it’s undeniable how much it’s changed the way we work and live, especially for finance professionals. With that in mind, I’ve set out to talk to CFOs and other financial leaders from across the United States about how they’re adapting their management style and outlook on innovation and technology in new market conditions.

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Developing a FinOps Mindset (using Azure tools with costs in mind)

Azure FinOps

One of the best ways to learn about the components of an Azure service and how those components fit together is by building on a tenant and taking note of how things unfold. I keep a personal tenant for this reason; something I recommend as a learning tool. But! Just as it’s important to track costs using FinOps principles in an organization’s Azure estate, it’s (obviously) just as important to do the same for your test environment.

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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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AWS Savings Plans Vs. Reserved Instances: When To Use Each

CloudZero

AWS introduced Savings Plans about a decade after launching Reserved Instances (RIs). AWS designed Savings Plans to be more flexible than RIs, resulting in less risk of vendor lock-in, over-provisioning, or underutilizing AWS services.

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Best Making Tax Digital Software for Small Businesses

EasyBooks

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Top 6 Employee Business Expense Trends To Look Out For

Oversight

Employee business expenses have evolved over the past few years. S ome employees continue to from home, and others have new “hybrid” work schedules. Travel spend is (still) down in general, but the risk of wasteful and unnecessary spend still exists. To push forward, we must look at our past spending decisions to identify where improvement in business expense policies and compliance training is needed.

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Introducing Compass: mission control for building software better

Atlassian

Subscribe to Work Life Get stories about tech and teams in your inbox Subscribe. Modern software development is an increasingly complex and collaborative process that involves an ever-increasing number of tools, processes, and responsibilities. Left unchecked, this complexity not only prevents businesses from being agile and productive but also encumbers developers with unnecessary frustration and toil.

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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.