September, 2021

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The Legacy Of IaC: How CloudZero Dimensions Transform Cloud Cost

CloudZero

Few practices exemplify the impact of DevOps more than Infrastructure as Code (IaC).

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AP Automation Versus AP Optimization

IPS

The shift to remote working has accelerated the digital transformation efforts of AP departments. Seventy-seven percent of AP departments now have at least some technology for processing invoices.

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How Virtually Sorted Uses Dext Prepare to Save 15 Hours a Week Per Client

Dext

About Virtually Sorted Virtually Sorted Business Services (Virtually Sorted) is a bookkeeping service company that works alongside a breadth of clients, from manufacturing and construction to beauty services and retail.

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3 Biggest Myths about Accounts Payable Software and Services

AvidXchange

You may not expect mythology to have any relevance in the numbers-driven, here-and-now world of accounts payable software and services. But it sure does. Many myths, false notions, flawed ideas and untrue situations are consistently perpetuated across this industry. From the expansive list of industry myths, three stand out above the rest because they can be especially influential in leading you down the wrong, or right, paths in your processing of invoices and payments.

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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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Shared Services Outsourcing Week: The Top 4 Topics Discussed

Oversight

A s we come up on 20 months of COVID-19, people are becoming more eager to travel and meet in person. Oversight was a sponsor at the 25th Annual Shared Services Outsourcing Week in Orlando, FL recently. All attendees shared one thing in common: We were excited to finally attend our first in-person event since the pandemic stormed the world in early 2020.

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5 Common Bookkeeping Mistakes You Must Avoid

Stephanie Peterson

Commingling Business and Personal Accounts Let's face it; it is not good business practice to blend business and personal finances. Not only does it make it difficult to track business transactions and make cash flow management difficult, but it takes away a business's credibility. Creating a separate bank account for your business will make it easier to identify the difference between personal and business expenses and help your case if the IRS ever audits your business.

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Keeper.app Demo

Bookkeeping Side Hustle

Sign Up For Keeper and Get 20% off your first 3 months Review and Demo of Keeper for accountants and bookkeepers July 2022 – An updated demo of Keeper with Founder and CEO Ben Stein. Watch the latest video below. And get 20% off your first 3 months of Keeper when you sign up with my affliliate link ! What do you call a group of accountants? A crew!

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The Growing Business E-Commerce Trend

Dext

Dext processes millions of financial documents per week with the highest measured data accuracy rate in the industry – and we’re able to analyse these anonymised transactions to bring you the latest trends.

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3 Ways AP Automation Helps Protect Your Business

AvidXchange

Your company has overcome countless disruptions in recent years and you’re undoubtedly better for it. Now it’s time to protect your business from future disruptions so you can focus on accelerating growth. But that’s a challenge. So much has changed. The work-from-home trend – a major structural shift in how companies operate – appears here to stay.

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New Features to Help You Get the Most out of QuickBooks Online

XY Bean Counters

5 MIN READ Getting the most out of QuickBooks Online (QBO) is a process that requires a keen understanding of its features and functionality. While the fundamentals of QBO rarely change, updates and features are constantly being introduced. Just as you hone your talents in the realm of financial advisory, you should become equally capable with the technology that you rely on.

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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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Would Being an S Corporation Benefit Your Business?

Stephanie Peterson

It can be tricky to decide what company structure is best for your small business. With corporate tax rates on the rise, many small business owners are seeking to find ways to save on taxes. Might an S Corporation be an advantage to your business? Let's take a look at what an S Corporation is: An S Corporation is a business that elected for S Corporation Status through the IRS.

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The Complete Cloud Operations Guide (+5 Best Practices)

CloudZero

As cloud adoption continues to increase, organizations are recognizing the need for cloud operations. CloudOps, as it’s often called, has become the industry standard for cloud-powered enterprises that intend to get the most out of their cloud services.

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6 Things Companies Should Consider for Post-COVID Business Travel

Oversight

W hat is the future of business travel post-pandemic? While personal travel and family vacations seemed to come back in full swing this summer, most pundits predict that a full recovery for corporate travel may take anywhere from 2-3 years. Many experts say business travel will look much different in the future, especially in the near-term as airlines, hotels, and car rental companies work to restore "normal" capacity.

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Ron Baker’s Four Steps to Pricing Success in 2022

Dext

A professional – which includes accountants and bookkeepers – is someone who is responsible for achieving a result, rather than performing a task.

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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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Digital Resiliency: How to Capitalize on the Next Tech Wave

AvidXchange

The digital transformation movement has helped the world of finance evolve in recent years. Now, as we move into another era of evolution, digital resiliency is stepping into the spotlight. We want to help you better understand what digital resiliency is and how it can help your business become more secure, better prepared for future business disruptions and ready to capitalize on new opportunities.

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New Features to Help You Get the Most out of QuickBooks Online

XY Bean Counters

5 MIN READ Getting the most out of QuickBooks Online (QBO) is a process that requires a keen understanding of its features and functionality. While the fundamentals of QBO rarely change, updates and features are constantly being introduced. Just as you hone your talents in the realm of financial advisory, you should become equally capable with the technology that you rely on.

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How to Avoid the Pitfalls of Messy Bookkeeping

Stephanie Peterson

Is your bookkeeping disorganized? Typically this occurs due to having insufficient time, an amateur bookkeeper, or failed efforts. By maintaining your books regularly, reviewing reports, and reconciling your accounts at the end of each month, you can avoid bookkeeping disasters. In addition, it is crucial to utilize the proper accounting software for your business, such as QuickBooks (ask a professional which version is right for you), as it is suitable for most small to medium-sized businesses.

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Ensuring A Smooth Kubernetes Migration: 3 Tips For Success

CloudZero

Many organizations are considering migrating to Kubernetes, and while it certainly has advantages, it’s not for everyone. In this article, we’ll explain why you might use Kubernetes, what you should ask yourself before embarking on a Kubernetes migration, and tips to keep in mind as you make the switch.

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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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Bookkeeping Advice for Small Businesses

Bookkeepers.com

Bookkeeping Advice for Small Businesses 2020 has been a rough year for economies all over the world. As the pandemic hastened the lockdown, small businesses were severely affected. A whopping 70.9% of small businesses reported having suffered negative effects due to the COVID-19 crisis. As small businesses work their way to get back on their … Bookkeeping Advice for Small Businesses Read More » The post Bookkeeping Advice for Small Businesses appeared first on Bookkeepers.com.

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Guide to Filling the E-Commerce Niche

Dext

The digital shift has massively increased the reach of businesses, opening up opportunities. Whereas some businesses might traditionally have sold in their village or in their town, they now may have global reach.

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How Artificial Intelligence (AI)  Can Help Prevent Duplicate Payments

Oversight

Did you ever pay an invoice twice? Did you ever find out later that you did? According to the Institute of Internal Auditors, duplicate payments alone can account for up to 0.5% of total invoice payments. While many organizations rely on their default ERP duplicate checking capabilities to catch errors, these systems often rely on exact matching logic to spot issues.

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Top 5 Takeaways from REVx 2021

AvidXchange

During REVx 2021, we talked to dozens of financial experts, CFOs and business leaders and learned countless lessons. However, five stand out. Insight 5: Paper checks still have a serious presence It’s helpful, once in a while, to get a reality check devoid of hype and hopes of what could be. And that happened when stats from a Goldman Sachs research report shared during our discussion with Denver-area experts: 60 percent of all business-to-business payments are still made by check.

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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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What Vendors Should You Send 1099-NEC & 1099-Misc Forms To? (2021)

Stephanie Peterson

Over the past few years, there have been several changes and updates regarding the reporting rules for 1099 forms. In 2020, the IRS released a new Form called 1099-NEC Non-Employee Compensation. Additionally, they changed the purpose of the 1099-MISC. 1099-NEC. Businesses will now file Form 1099-NEC for each person to whom they paid at least $600 during the year.

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What Is AWS EMR? Here's Everything You Need To Know

CloudZero

According to Statista , the mass volume of data created, stored, copied, and consumed in 2020 was over 64 zettabytes (ZB), or about 64 trillion gigabytes (GB). This is expected to rise to 181 ZB by the year 2025.

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Resource Rundown: Uncat

Bookkeeping Side Hustle

Review and Demo of Uncat accounting software Thrilled to bring you this demo of Uncat for accountants and bookkeepers. Check out this email I received about 30 minutes after we did the live demo. Talk about a testimonial! “I’ve been feeling so overwhelmed lately and always describe myself as chasing my tail (today I learned that I’ve actually been herding cats!).

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How the Accounting Industry Can Help Businesses Keep Up

Dext

E-commerce is on the rise – there’s no doubt about that – and we know the pandemic has played a part in accelerating the shift. We analysed over 100 million anonymised business transactions between 2019 and 2021 revealing how businesses spent their money during the pandemic.

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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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Three Actions You Should Consider To Combat Excessive Travel Spend

Oversight

While the world-wide pandemic halted all travel for quite some time, people are slowly starting to conduct business travel again.

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How to Create a 2022 Budget Faster and More Efficiently

AvidXchange

Finance professionals could be headed towards one of the most intriguing, educational and exciting experiences in the history of annual business planning and budgeting. The reasons are numerous: More people are working from home, financial payment processes are changing, corporate strategies are being revised, and resources are being reallocated. All these dynamics could have a direct impact on how your budget planning and budgeting process unfolds this year and how your company positions itself

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Information Bookkeepers Need to be Efficient and Effective

Stephanie Peterson

It is vital to provide your bookkeeper with all the necessary information and documents they need; so they can adequately record transactions. Typically, this isn't too difficult or time-consuming to do. First, a bookkeeper needs to know what kind of business entity you have and how many owners there are. Then you will need to provide copies of all bank and credit card statements from the months and/or years they request.

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What Is Cloud Monitoring? 13 Best Practices For Complete Visibility

CloudZero

Cloud computing offers several undeniable benefits to businesses. Some of the biggest ones are agility, cost savings , data recovery, and developing new apps and services to meet changing customer needs.

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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.