February, 2023

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You can now enrol in STP Phase 2 – it’s crunch time to complete your transition

Xero

The moment is here; the final step of Xero’s Single Touch Payroll Phase 2 roll out is now available to all customers. Once your payroll data is updated and you’ve marked each step as complete in the STP2 Portal, you’ll be able to enrol in Phase 2 reporting – step four of the transition. This will see your business share more information with the ATO and other government agencies whenever you process a pay run.

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Reasons Why 2023 is the Year for Client Accounting Services

Accounting Department

It’s common for business owners to feel stretched to the limit with the services they have. A common misconception is that implementing anything else will drain resources and strain current practices. Yet this isn’t necessarily the case — particularly regarding client accounting services (CAS). But why are these services so important? And why is 2023 the year businesses should consider implementing CAS into their strategy?

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How to Maximize Cloud Savings on Cyclical Workloads Using Commitment-Based Discounts

ProsperOps

The promise of elastic cloud infrastructure is the ability to quickly spin compute up and down and only pay for what you use. Workloads have different requirements and, depending on customer maturity level, take advantage of this capability to varying degrees. This ultimately leads to a wide variety of workload patterns from consistently stable to highly volatile.

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Hidden MS Azure costs and how to monitor them to keep your cloud budget under control

FinOps in Practice

With the advent of the digital age, cloud computing has quickly become an essential option for organizations of all sizes and shapes. Being a relentless leader in the IT field, Microsoft just couldn’t help but come up with a cloud computing platform of its own. Nowadays, Azure is one of the most popular cloud services out there, and for a reason. Like its competitors from AWS and Google Cloud, MS Azure offers a vast range of services and features that make it a reasonable choice for those who co

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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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How to Streamline Invoice Processing | Dynamics GP AP Workflow

Fidesic blog

In this article we will discuss Microsoft Dynamics GP AP workflow capabilities, when to use them, how to use them and alternatives for best results.

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OCR Software vs AP Automation

Ascend Software blog

What is OCR?

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More Trending

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Overcome these Business Challenges in 2023

Accounting Department

Over the last few years, the rapid acceleration of accounting technology has redefined the way businesses go about their bookkeeping, operations, and more. This ramp-up in technology has caused a rise in the need for professional outsourced services and automation opportunities, however, business owners are still facing some challenges that can be avoided in 2023.

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How to Maximize Cloud Savings on Cyclical Workloads Using Commitment-Based Discounts

ProsperOps

The promise of elastic cloud infrastructure is the ability to quickly spin compute up and down and only pay for what you use. Workloads have different requirements and, depending on customer maturity level, take advantage of this capability to varying degrees. This ultimately leads to a wide variety of workload patterns from consistently stable to highly volatile.

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6 ways to use GCP for free

FinOps in Practice

The use of cloud services opens up enormous opportunities for IT companies. It significantly lowers the barrier to entry for those organizations that would otherwise never enter the market should they use the traditional approach to building infrastructure. However, it is important to use the capabilities of cloud services correctly because, over time, costs can increase and grow to significant sizes if not properly managed.

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Is Internet Explorer really really “retired”? Not quite…

Fidesic blog

Microsoft implemented another gate to keep people on most client versions of Windows 10 from running Internet Explorer 11 on Feb 14.

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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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Insightful Accountant Expanding ProAdvisor Awards Program for 2023

Insightful Accountant

Insightful Accountant will recognize a new list of up to 25 Up-n-Coming ProAdvisors, and a Top Up-n-Coming ProAdvisor for 2023.

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In the face of disruption, the advisory industry is stronger than ever

Xero

Over recent years, the world of advisory has experienced a seismic shift. In the face of immense obstacles and equally great learnings, the profession is evolving. Why? Because, more than ever, accountants and bookkeepers are embracing change – and it’s propelling the industry forward. So what led us here? The past few years have seen small businesses lean heavily on their advisors to survive the pandemic’s ripple effects.

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The Lowdown on Accounting Process Automation

Accounting Department

Notorious for being time-consuming, manual processes consume a lot of time for businesses. This is caused by relying on spreadsheets to handle core accounting functions that could otherwise be completed in seconds or minutes, rather than hours or days. Not to mention every manual process is prone to human error, which could lead to additional costs, delays, and issues.

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B2B Cloud Software – Drift

ProsperOps

CASE STUDY Cloud Software: Drift Learn how CloudZero and ProsperOps help Drift make cost-informed engineering decisions, reduce resource usage, and automate the management of their discount commitments, reducing overall cloud costs and returning millions in savings to their AWS budget. Challenge Prior to working with CloudZero and ProsperOps, Drift’s finance and engineering teams were using their own methods for tracking, understanding, and managing their AWS bill and cost optimization per

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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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How to Harness the Power of Digital Marketing for Accounting Firms

Plooto

As technology has gotten more advanced and accessible, digital marketing for accounting firms has become one of the best ways to reach and service potential clients. From social media to podcasting, online marketing offers an effective way for accounting firms to build brand awareness and increase their visibility across multiple channels.

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4 Tips on How to Increase Productivity Using Your Microsoft 365 Subscription

Fidesic blog

Originally Published by Joseph Markovich at JCMAinc.

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Client Hub Launches Free Recategorize Plan

Insightful Accountant

The new tier will enable accountants to get all their QuickBooks transaction questions resolved from their clients quickly and easily—and the subscription is free.

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Why we can’t keep old reports (and other burning questions)

Xero

The retirement of old reports is now only a little over five months away. If you’re like many small business owners and advisors, you’re probably starting to seriously think about how this will impact your day-to-day work. We’ve answered some of your most common questions, so you can feel confident about switching to new reports before 31 July 2023.

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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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The Benefits of an ERP System for Your Business

Accounting Department

Upgrading a business to move away from manual processes or shift away from dated and clunky software may seem like a daunting task to a business owner. However, making the switch is an upgrade that will provide a central database for an entire company, valuable reporting potential, and a host of other benefits.

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Investing in the Future of Cloud FinOps Automation

ProsperOps

We recently announced an investment led by H.I.G. Growth Partners and a few other strategic investors. There’s no better time to expand our reach and deepen our capabilities, given the nascent maturity of FinOps as a discipline, not to mention the recession in tech. Most companies are leaving money on the table The FinOps Foundation’s 2023 State of FinOps report lays out the thesis for ProsperOps in 2023 and beyond.

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Cash Flow Projections: Strengthen the Financial Future of your Business

Plooto

For businesses of all sizes, managing an organization’s cash flow is an essential ingredient for success. For a business to successfully manage its cash flow , it must first understand its current cash flow standing and consequently project how cash flow will look in the future.

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Live Streaming with Fidesic Coming Soon

Fidesic blog

We are pretty pumped to be starting a streaming series on LinkedIn in the next few weeks. We are lining up guests from the Microsoft Dynamics Community to discuss “The Road to Directions”.

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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.

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Xero and Stripe Help Small Businesses Get Paid Faster

Insightful Accountant

Stripe and Xero are expanding their partnership to help small businesses globally get paid faster. Murph provides the details.

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Amazing Apprenticeships unlocks the power of apprenticeships for small businesses

Xero

In honour of National Apprenticeship Week , we spoke with Anna Morrison, the founder of Amazing Apprenticeships , a leading organisation in the education sector, working with schools, colleges and businesses of all sizes to tackle misconceptions and promote the benefits of apprenticeships. Starting out Bucking a family tradition of attending university, Anna leapt into the world of work with a temp job as a college receptionist, before rising through the ranks to take charge of employer-facing

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Rare Disease Day Hits Home with AccountingDepartment.com

Accounting Department

Rare Disease Day is the globally-coordinated movement on rare diseases, working towards equity in social opportunity, healthcare, and access to diagnosis and therapies for people living with rare diseases.

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Effective Savings Rate: Establishing a Metric to Measure the True Impact of Cloud Financial Management

ProsperOps

Erik Carlin, co-founder and CPO at ProsperOps, recently joined the FinOps Guys podcast to share his take on FinOps metrics including Effective Savings Rate (ESR). The discussion centered on the evolution of automated cloud financial management and the establishment of a metric to track true cloud savings. Read on to learn why ProsperOps has introduced ESR as the single most important cloud savings metric.

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Profit in the Details: Rethinking Spend for Monumental Impact

Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g

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How to Win the Accounting Talent War in 2023

Plooto

Finding and retaining top accounting talent continues to be a challenge for CPA firms, especially after the pandemic has fundamentally changed how we work. However, with the right strategies, accounting firms can position themselves as employers of choice in order to attract the best and brightest candidates.

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Forecasting & Reporting for SaaS: How to Thrive in a Recession

Sage Intacct

When the market goes south, you need to have your forecasting and reporting capabilities dialed in more strongly than ever. In-depth and accurate reporting will enable you to keep your board and team up to date and confident that you can ensure continued profitability. Forecasting will help you analyze the impact of different plans and decisions before you commit to them.

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QuickBooks Business Network – A Vision on the Way

Insightful Accountant

Murph brings you up to date on the vision that is the QuickBooks Business Network. While it's not fully capable yet, it's getting there, and appears to be heading in the right direction.

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Xero is heading to Accountex Australia 2023 – join us there!

Xero

Have you heard the news? Accountex – the leading accounting and finance event in the UK and Europe – is heading down under next month for the first time ever. Between 15 to 16 March, advisors from across the country will descend on Sydney’s International Convention Centre (ICC) for two days of learning, collaboration and connection. And Xero will be right amongst the action!

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Navigating Bleisure Travel: A Guide for Mid-Sized Companies

Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.