May, 2023

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3 Real-world Steps for Improving AP Efficiency

Fidesic blog

As back-office processes like accounts payable are evolving to become more of a value driver in a data-driven world, a sluggish accounts payable process is a serious handicap for any business. Whether you are just getting started in a new business or looking to enhance an aging process, this post will help you think about how to create a more efficient AP process.

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The Average Cost of Processing a Purchase Order: A Detailed Analysis

Ascend Software blog

In the world of business, understanding your expenditures is crucial. One of the costs that can often fly under the radar is the price of processing a purchase order (PO). While it might seem like a negligible expense, it's important to remember that small costs add up, especially when you're dealing with a high volume of orders. In this blog post, we'll break down the average cost of processing a purchase order and discuss strategies for reducing it.

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Every Payment Is A Conversation #ExpensiCon

Cloud Accounting Podcast

We're back from ExpensiCon in Italy with thoughts on Expensify's future and the future of spend management; a report from Kristen Keats at Accounting Today's Firm Growth Forum conference; ChatGPT coming soon to a Wendy's drive-thru near you! Sponsors CCH Access - [link] SuiteFiles - [link] Client Hub - [link] Chapters (00:25) - Every Payment Is A Conversation (01:11) - Blake and David are back from Italy (05:01) - Let’s talk about ExpensiCon (10:09) - The original Expensify and ExpensiCon (12:36

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Steps to ensure a seamless EOFY in Xero Payroll

Xero

If you’re anything like us, the shorter days and colder weather signals not only a change in season, but the nearing of another cyclical shift – the new financial year. With just over six weeks left in FY23, now’s the time to get organised. And a good place to start is with finalising payroll. This EOFY in Xero Payroll will be slightly different than previous years.

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Breaking Ground on Better Payment Processes: Strategies for Construction Pros

Speaker: Timothy Allsopp

Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.

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Building Inclusion: The bright side of mental health

Intuit

Intuit products are more than web, desktop, and mobile applications. We build the products that enable people to live independent lives. They manage their finances, start businesses, hire employees, and develop their careers. We’re also committed to making sure they feel safe, accepted, and understood in the process. As global co-leader of our employee resource group the Intuit Abilities Network, Lou Shelley is on a mission to create a stigma free environment where our workers bring their true s

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It's Summertime at AccountingDepartment.com!

Accounting Department

It's summertime at AccountingDepartment.com and we have all sorts of fun things happening! To kick off the summer season this past Memorial Day weekend, we launched our 12th annual ADC Summer Challenge.

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Streamlining Accounts Payable with Automated AP Workflow Solutions

Ascend Software blog

Accounts payable departments are an essential part of any organization, ensuring that suppliers and vendors are paid accurately and on time. However, the traditional paper-based invoice processing method is prone to errors, delays, and high costs, making it inefficient and time-consuming. Fortunately, advancements in technology have led to the development of automated AP workflow solutions that can streamline the accounts payable process and eliminate the need for manual intervention.

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Integrating AI into Your Finance Function

Nanonets

Emerging technologies such as artificial intelligence and machine learning have transformed the traditional finance function by making processes efficient, improving accuracy, and enabling data-driven decision-making. According to a Forrester survey, 98% of financial institutions believe that AI and ML can give them an edge and improve how they do business.

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Meet the new faces of Australia’s XPAC

Xero

Xero wouldn’t be where it is today without the support of our partner community, and that includes our Xero Partner Advisory Council (XPAC). That’s why we’re thrilled to announce our latest XPAC cohort for Australia. The XPAC team is a group of experts connecting Xero to the community and industry alike. They both challenge and champion the needs of the accounting and bookkeeping sector by engaging in open discussion, sharing industry insights, and providing actionable feedback.

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Scaling the Adopt a Small Business program

Intuit

Customer obsession has always been one of Intuit’s core values. While Intuit prides itself on creating innovative products and services, our touchpoints leave us with a partial view of the real-life challenges small businesses face. In April 2019, the Adopt a Small Business program began. In this program, small groups of Intuit employees volunteer to adopt a QuickBooks and/or Mailchimp customer for two months, getting to know the ups and downs of running a small business while using our products

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The Growth Architect: How Financial Leaders are Unlocking Potential

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

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4 Essential Tools That Can Set A Business Up To Scale

Accounting Department

In today's fast-paced business environment, organizations must leverage the right tools and technologies to stay competitive and achieve sustained success. Efficient management of enterprise resources is critical for smooth operations and growth.

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Zamp Launches End-to-End Sales Tax Solution for Online Sellers

Insightful Accountant

Zamp's team includes former state auditors, sales tax experts, research specialists and first employees of Stripe-acquired TaxJar & Vista-acquired Avalara.

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Maximizing Your Return: Calculating the ROI of AP Automation

Ascend Software blog

For businesses that rely on manual invoice and payment processing, the cost savings and efficiency gains of implementing an automation solution can be significant. By automating AP processes, companies can reduce time spent on manual processing and processing costs, while improving accuracy and reducing the risk of errors.

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Payoneer Alternatives

Tipalti

Looking for digital payment alternatives to Payoneer and Payoneer Mastercard? Check out our top picks for reliable and secure payment solutions.

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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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Highlights from this year’s Xerocon Sydney agenda

Xero

In just a few months, we’re heading back to Sydney’s iconic Darling Harbour for Xerocon 2023! On 23 and 24 August, we’re bringing our partner community together from across the globe for two inspiring days. So what can you expect? As the world’s most beautiful and innovative conference for cloud accounting leaders, this is your opportunity to see world-class speakers and entertainers, hear thought-provoking updates from Xero’s leadership team, and take home practical learnings from the Xero show

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Providing technology to empower students

Intuit

What was the most impactful thing you learned in high school? For students at the Marvin E. Robinson School of Business and Management (SBM), that answer changes weekly. With a curriculum designed around business education, this Dallas, Texas high school is on a mission to create the next wave of executives and entrepreneurs. As a participant in our Prosperity Hub School District program with a thriving media department, we were honored to donate a sound-proof recording booth to the students and

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Recognizing Our Military Spouses - Happy MilSpouse Appreciation Day!

Accounting Department

Our AccountingDepartment.com family is proud of its vibrant and diverse “cast of characters”—we span the country with our team members coming from all backgrounds and personalities. Included among our team are some amazing Military Spouses whose hard work, dedication, and contributions are part of what makes our family so strong—and theirs as well.

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Standalone Contractor Payments with New W-9 Tracker

Insightful Accountant

W-9 and Contractor Payment options are among the QuickBooks Online updates inspired by accountants.

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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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Glossary: Accounts Payable

Ascend Software blog

As a critical function of any business, Accounts Payable (AP) is responsible for managing the company's financial obligations to its vendors, suppliers, and creditors. Whether you are a seasoned accounting professional or a new entrant into the field, understanding the terminology associated with AP is essential. We have compiled a comprehensive glossary of Accounts Payable terms to help you navigate this critical area of business finance.

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The Role of Technology in Modern Bookkeeping

LedgerDocs

Gone are the days of manually recording financial transactions in ledgers and spreadsheets. With the latest technology, bookkeeping has become significantly easier and more efficient. One of the most significant benefits of technology in bookkeeping is the ability to automate processes. The software can automatically record transactions, generate invoices, and create financial reports.

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Your comprehensive guide to preparing for the retirement of old reports

Xero

There’s now a little over two months to go before old reports in Xero are retired. Over the past year, we’ve been encouraging you to make the switch, with lots of education, support and advice from other small business owners and their advisors. If you’ve waited until now to start using new reports, you’ll have less time to make the switch. We urge you to start focusing on this, to avoid any disruption to your workflows.

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Customize your career journey at Intuit

Intuit

Senior software engineer, Atia Hashimi, joined Intuit in 2019. While pursuing a master’s degree, she started working with Android applications and fell in love with mobile app development. Now, as a member of the QuickBooks Live Mobile team, she’s leading and driving tech initiatives. What did your life look like prior to joining Intuit? I was born in Afghanistan.

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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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Unlock Maximum E-Commerce Profits With These 6 Tips on Accounting for Amazon Product Rebates

Accounting Department

A product rebate on Amazon is a type of promotion offered by manufacturers or sellers to incentivize customers to purchase their products. It typically involves offering a partial refund or discount on the purchase price of the product, either at the time of purchase or after the purchase has been made.

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Everything You Should Know About Soccer & Business

Insightful Accountant

Xero's Ben Richmond shares some takeaways every accountant can glean from the FIFA Women’s World Cup 2023.

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Unleashing Cost Savings with AP Automation: A Comprehensive Guide

Ascend Software blog

Accounts Payable (AP) automation is revolutionizing the way businesses manage their invoice and payment processes. By replacing manual tasks with automated systems, AP automation can generate significant cost savings and efficiency improvements. But what do these savings look like in real terms? This blog post delves into the research and survey data to provide a comprehensive picture of the cost benefits of AP automation.

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How to Gain Control of School Spending

Compleatable

Do you (or does someone in your school setting) know exactly how much is being spent, by whom, and on what? If you’re involved in procurement and purchasing at your school, then feeling in control of the school’s spending is probably one of your top priorities and biggest challenges. The benefits of taking control of school spending Everything is ticking along at school, right?

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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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Xero’s FY 2023 financial results

Xero

Today we announced Xero’s full year financial and operating results to 31 March 2023 (FY23). Having started my journey as Xero’s CEO in February this year, I’m pleased to share our strong FY23 operating results, and I’m deeply excited about our opportunity to help power the global small business economy. Our results demonstrate Xero’s resilience in a complex macroeconomic environment, our valuable customer proposition, our increasing efficiency, and commitment to even more disciplined, customer

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A community for technologists, by technologists

Intuit

A major challenge for tech companies is how to remain resilient despite a potential economic slowdown. Leading through macroeconomic uncertainty, there’s a need to build innovation and compete. To achieve the feat, tech companies are shaping engineers in real-time by providing them with meaningful opportunities, on-the-job training, and sharing what challenges they might face.

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ADC Attends the 2023 WPO Entrepreneurial Excellence Forum

Accounting Department

Last week, AccountingDepartment.com Business Development Representatives, Shawn Marcum, and Luke Backus attended the 2023 Women President's Organization Entrepreneurial Excellence Forum in Las Vegas, NV.

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Warehouse Wednesday: Revisiting Manufacturing KPIs

Insightful Accountant

Murph travels back to a series he wrote on measuring manufacturing performance by providing a list of manufacturing KPIs and the related links to the articles with definitions and uses.

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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.