September, 2022

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Why AI could be a financial director's best friend during busy season

Accounting Today

Auditing 363
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Changes to multi-factor authentication are coming for Australian customers

Xero

Over the last few years, our lives – and businesses across the world – have moved online at a rapid pace. Unfortunately, cybercriminals have followed and are using new, digital methods to target Australians. At Xero, we are custodians of your data and do all we can to protect the information held in your account. One of the ways we do this is through multi-factor authentication (MFA), a process designed to secure how you log in to Xero and verify it’s really you.

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How to get copies of your Facebook receipts

The Savvy Bookkeeping Blog

Using Facebook ads is a popular way to market your business. Being relatively new to creating paid Facebook ads, I do find that a lot of my time and energy is spent on coming up with the marketing material and then navigating my way around Facebook Ads Manager (Arghh, so many decisions.

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Rightsizing recommendations: get GCP costs down with Google Cloud optimization services

FinOps in Practice

Cloud cost optimization is a topic keeping many cloud users up at night. Who wouldn’t want to take advice and recommendations from experts then? The same is true for today’s cloud users. Companies investing and utilizing the cloud should be turning to machine generated recommendations for their virtual machine (VM) instances. Those who do are both cutting cloud costs and optimizing the way they use the cloud across their companies and teams.

FinOps 130
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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 With construction projects becoming more complex, outdated processes are no longer sustainable.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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4 accounts payable tips for small businesses

AP Association

Accounts payable is an essential component of any small business's accounting processes. Your business's accounts payable department maintains a record of all the money you owe to suppliers and other creditors. A well-functioning accounts payable department will help you ensure that you pay any money you owe to other individuals or businesses as promptly as possible and in line with any payment arrangements you might have with individual creditors.

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Want to Survive the Recession? Focus On These SaaS Metrics

Sage Intacct

Surviving and thriving in business regardless of external financial conditions might sound too good to be true. SaaS is a highly competitive industry, and even the top players in the market can have their good fortune reversed if they aren’t constantly vigilant.

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What data can, and should, small businesses collect about their customers?

Xero

Last week, we held our fifth Responsible Data Use Advisory Council meeting. These meetings, held quarterly, are an opportunity to discuss emerging trends around responsible data use for small businesses. . As we move into our second year, the council is evolving too. . Samuel Burmeister of Tall Books has regretfully stepped back from the council to focus his efforts on his growing business.

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25+ Kubernetes Tools For 2022: The Best K8s Tools By Category

CloudZero

Over the past few years, Kubernetes (K8s) has become the preferred method of orchestrating containers and microservices. Its self-healing, high scalability, and open-source nature make it appealing to a wide range of users.

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Helpful Google Cloud customer success stories and cost optimization advice

FinOps in Practice

While no one will be surprised by today’s growth in the cloud and the investment and the costs businesses are putting toward cloud usage, the statistics are telling. A newly released report , “Cloud Computing Market Research Report by Workload, Service Model, Infrastructure, Solution, Organization Size, Industry, Deployment model, Region” conducted a global forecast through to 2027, keeping the impact of COVID-19 in mind.

FinOps 130
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How to handle accounts payable for small businesses

AP Association

Cash flow is particularly important to small businesses and startups. An accurate and reliable system of monitoring accounts payable gives you a clear picture of your income and expenditure, enabling better business decisions to be made. Accounts payable includes all of your company's expenses, except for the payroll. This is why it's important for SMEs to handle this vital component of your business's finances efficiently.

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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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Financial Planning and Analysis (FP&A) Strategies for SaaS CFOs During a Recession

Sage Intacct

For SaaS CFOs, one set of letters eclipses almost all others in importance: FP&A. Financial planning and analysis is the bread and butter of any successful SaaS company. It's vital at all times, but it becomes even more so during a market correction like the one we're currently experiencing.

Budgeting 119
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IRS says improperly forgiven PPP loans are taxable

Accounting Today

Tax 334
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Product wrap from Xerocon Sydney 2022

Xero

Any way you slice it, the past two years have tested us all. None more so than you all — our valued accounting and bookkeeping partners — who have helped your clients navigate a digital acceleration and shift their business models to survive (and thrive). . Today at Xerocon Sydney , we were able to celebrate what we can achieve when we work together to support small businesses across Australia and New Zealand.

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Help! Why doesn’t my trust account reconciliation balance?

The Savvy Bookkeeping Blog

If you’ve been doing trust account reconciliations long enough, the chances are high that you will come across one that just doesn’t work. You think you’ve done everything right – the way you you’ve always done it – but this time lady luck isn’t on your side.

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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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6 tips and tricks to get Microsoft Azure free credits

FinOps in Practice

The use of cloud services opens up huge opportunities for IT companies and 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, we will never get tired of repeating that you need to use the capabilities of cloud services correctly, because over time, costs that are more than reasonable at first, tend to increase over time and grow to tangible sizes, especially if

FinOps 130
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Gaining Customer Awareness for Your New Business

SMB Accounting and Consulting

As a new business owner one of your first priorities is to get the word out about your company. Grassroots marketing can be a low-cost but effective way to gain a large amount of exposure to locally owned businesses or other specific audiences. Grassroots marketing involves narrowing the type of customer and making your business known to those customers you’re hoping to attain.

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Give Your Executive Team the Metrics They Need to Succeed

Sage Intacct

CFOs should use metrics to intelligently shape and inform their strategies regardless of their industry. But when your industry moves at breakneck speeds as it does for SaaS companies, the metrics, and your visibility around them, become more than helpful. They become indispensable to creating a shared consciousness on the direction of the business.

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Colorado now accepts crypto for taxes

Accounting Today

Tax 331
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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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Introducing our Xerocon Sydney event partners

Xero

When you’re at Xerocon Sydney on 7 and 8 September, please take the chance to find out about some of the best and most loved apps, tools and services from across the accounting and small business industries. This year, more than 70 cutting edge app partners from the Xero App Store will be exhibiting at Xerocon Sydney. Whether it’s help with payments, practice workflow management, time tracking or document management, there’s something for everyone.

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Cybersecurity Companies Have A Customer Profitability Problem — Here’s Why

CloudZero

The age of growth-at-all-costs is over. Profitability matters — and it matters now.

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The Emergency Mini Budget Breakdown

Dext

The Emergency Mini Budget, termed as ‘the Growth Plan’, was announced on 23rd September 2022 and it included many important updates. The announcements touched upon several areas including Business taxes and schemes, Personal taxes, Investment zones, SDLT and much more.

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Women–Owned Small Business and Federal Contracting

SMB Accounting and Consulting

by Chris Poponak – SMB Government Compliance Analyst. According to Samson Haileyesus (smallbiztrends.com,) women entrepreneurs own nearly half of all business enterprises in the United States. These same businesswomen employ almost nine-and-a-half million workers, and they generate nearly two trillion dollars in revenue across all industries. Also, according to Haileyesus, “most women-owned firms are small businesses with the top employment industries being health care; accommodation and food se

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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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Fundraising Tips and Best Practices for SaaS CFOs

Sage Intacct

Reliably securing funding is an indispensable component of any SaaS CFO's job. And now that the SaaS market has begun to follow suit with the broader economic trouble brewing at the moment, this is more true than ever.

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SEC advisory committee recommends revamp of FASB

Accounting Today

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Three key takeaways from our Xerocon Sydney blockchain session

Xero

When it comes to understanding practical opportunities for up and coming decentralised technologies like blockchain, cryptocurrencies and smart contracts – there’s a lot to take in. Add in the potential challenges that businesses might have incorporating these offerings in the future, it’s no surprise that there are more questions than answers among our community.

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25 Azure Monitoring Tools And Best Practices For 2022

CloudZero

Microsoft Azure is the most popular cloud computing platform after Amazon Web Services (AWS). With over 200 services and resources available, there are plenty of ways to use Azure. This means the Azure public cloud allows for hundreds, if not thousands, of unique configurations.

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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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Fintech Payment Companies: What the Best Ones Have in Common

FundThrough

Fintech payment companies provide services such as credit card payments, e-commerce checkout, mobile wallets, and other financial transactions. They also offer merchant accounts and other tools to help businesses accept payments. As the global economy continues to evolve, fintech payment companies are becoming increasingly vital to the success of businesses of all stripes and sizes. […].

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The Complete Guide to Cross-Border Payments and AP Automation

AvidXchange

Companies that pay suppliers abroad can leverage accounts payable (AP) automation to complete both domestic and cross-border payments in one place, decreasing the time and money spent on payment processing. In this blog, you will learn about cross-border payments including its history, definition and the benefits it can provide organizations. What are cross-border payments?

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How to Close 80% Faster: What Every SaaS Controller Should Know

Sage Intacct

Can you guess three of the most essential words in any SaaS Controller's vocabulary? If you guessed "monthly close cycle," you were right on track. Staying on top of your monthly close is one of the most important aspects of keeping your department running like a well-oiled machine.

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IRS exposed about 120K people's information online

Accounting Today

Tax 317
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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.