Sat.Sep 21, 2024 - Fri.Sep 27, 2024

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How to Prepare for Economic Fluctuations as a Small Business

Enterprise Recovery

With the announcement that the Federal Reserve cut interest rates by half a percentage point, inflation and interest rates are a primary news topic. If you own a small business, these economic fluctuations can have significant impacts. Understanding these cycles is vital to anticipate changes in the market and adjust business development strategies accordingly.

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Is it time for accountants to integrate AI into their practices?

Accounting Today

Amid widespread adoption of traditional and generative forms of artificial intelligence, the looming question on the minds of many accountants is what diving deeper could mean.

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A new Xero dashboard to elevate your advisory services

Xero

As a busy accountant or bookkeeper, we know you don’t always have time to go through each client’s books to proactively identify issues or opportunities. That’s why we’re thrilled to share that we’ve been testing a new client insights dashboard for advisors, which gives you a snapshot of the financial health of all Xero business edition clients, in one place.

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ADC Attends EO Nerve 2024

Accounting Department

Our team kicked off another year of EO events last week while attending EO Nerve. ADC Business Development Representative, Shawn Marcum, participated in the multi-day event in Atlanta, GA.

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If It Aint Broke, Don’t Fix It: A Dangerous Mindset

Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be

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Making progress toward our employee and community True North Goals to power prosperity

Intuit

At Intuit, a way that we hold ourselves accountable to our mission to power prosperity around the world is to set measurable True North Goals to deliver for four key stakeholders. Our True North stakeholders are employees, customers, communities, and shareholders. We set ambitious True North goals to drive diversity, equity, and inclusion (DEI) initiatives for our employees and corporate responsibility (CR) initiatives for the communities we serve.

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ADP releases all-in-one generative AI platform

Accounting Today

ADP announced the release of its new generative AI-based platform Lyric, touted as an all-in-one platform for payroll, service and other human capital management needs.

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ADC Attends HubSpot INBOUND 2024!

Accounting Department

Last week, Andrea and Mike of AccountingDepartment.com's Marketing Team, traveled to Boston for HubSpot's INBOUND show.

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My Experience with Automation: Benefiting Every Industry

Compleatable

In my previous blog I gazed back wistfully at the times when we gleefully committed everything to paper and offices were crammed with lever arch files containing the 6-year life story of a finance department. However, prior to working for a company (Compleat) promoting AP Automation for customers using Sage, QuickBooks, Xero, NetSuite or Sage Intacct I was also involved in other software promoting better use of the earth’s resources.

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PE is just the start of the changes coming for firms

Accounting Today

Beyond private equity lie a host of other acquirers and accounting firm structures — and not all of them will be good for the profession.

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Celebrating Xero success with sixth consecutive Canstar award

Xero

It’s an absolute honour to share that Xero has been awarded Canstar’s Most Satisfied Customer Award in the small business accounting software category, for the sixth consecutive year. This recognition is a testament to the support and trust we’ve earned from small and medium enterprises (SMEs) across Aotearoa New Zealand. We don’t take for granted the support we get from our small business customers, and I’d like to thank everyone who rated us number one.

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Business Travel Expense Strategies for Everybody

Global business travel is surging, with companies spending as much as or more than they did before the pandemic. This trend is expected to continue, with more growth on the horizon. The types of travelers are also changing, with millennials and Gen Zers taking on the majority of the load. Business travel is evolving, and younger generations expect less hassle, even though there are more ways to book and pay for travel than ever before.

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QuickBooks Enterprise Advanced Pricing Feature: All You Need to Know

Ace Cloud Hosting

Smart business owners and executives know how crucial the right pricing is for their organization. Effective pricing defines the value of your products and services and shapes the company’s overall.

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The Importance of Communication in Debt Recovery

Enterprise Recovery

Building trust is paramount in the debt recovery process, and communication is the foundation of trust. Clients are more likely to cooperate and engage positively when informed about the collections process and their options. Clear and honest communication helps to demystify the debt recovery process, reducing any anxiety or confusion the client may have.

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Tax Strategy: 2024 year-end tax planning

Accounting Today

2024 has so far not produced significant tax legislation impacting year-end tax planning, but it continues to be impacted by legislation from prior years,

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Streamlining Payer Requests for Information: A Provider’s Guide

RevCycle

Hospitals are facing a growing threat to their bottom lines, namely payer requests for information (RFI’s). A study by Kodiak Solutions shows that the denial rate from initial RFI’s has increased by nearly 9% since 2022. The increase is not due to a decrease in data quality either, with Colleen Hall of Kodiak Solutions stating: “Our analysis suggests that health insurers are using RFI denials to simply slow down claims that they ultimately will pay, just to reap the benefits of paying more slowl

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4 Things Great Companies Do to Improve Cash Flow

Speaker: Don Gallianza, Credit Manager at Chevron Phillips Chemical and Indy Chakrabarti, Chief Marketing Officer at HighRadius

4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor

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The Future Of Bookkeeping: Building A Tech-Savvy Practice That Thrives

The Successful Bookkeeper

Bookkeeping is an industry that has been serving commerce for several thousand years–and it’s not going anywhere.

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Top 12 Features of QuickBooks Enterprise for Manufacturing Businesses

Ace Cloud Hosting

Effective accounting practices play an essential role in the success of any business, regardless of its size or the industry. QuickBooks Enterprise for the Manufacturing industry is a versatile and.

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How to unlock tax savings in incoming client portfolios

Accounting Today

Financial advisors can delight their newest customers by steering them away from the typical traps, deploying new strategies and using technology, experts said.

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Allowable Business Expenses: What SMEs in Singapore Need to Know

Counto

Allowable Business Expenses: What SMEs in Singapore Need to Know For small and medium enterprises (SMEs in Singapore), understanding allowable business expenses is key to optimising financial performance and minimising tax liabilities. By being aware of these expenses, you can enhance your tax planning strategies. Let’s explore the main categories of allowable business expenses that can help reduce your taxable income. 1.

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The Financial Leaders Playbook: How To Deliver Insight, Oversight, And Foresight

Speaker: Chandra McCormack, CPA, MBA, NACD.DC

Imagine being a financial leader who not only ensures the books are balanced but also shapes the future of your organization. 🤔 ✨ This session will take you beyond the routine reporting and into the realm of strategic financial leadership. We’ll explore how today’s finance professionals can juggle the day-to-day operations while also delivering the long term vision that drives growth.

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Are Duplicate and Erroneous Payments Costing Your Company?

NextProcess

Are Duplicate and Erroneous Payments Costing Your Company? Here’s How Automation Can Help Don’t you hate it when you find out you overpaid for something or catch a wrong charge on your credit card statement? As irritating as that can be when it happens in your personal life, duplicate or erroneous payments can be even worse when they occur in the finance department of your company.

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How to Automate Accounts Payable: 10 Steps 

AvidXchange

Automating accounts payable (AP) is an effective way to streamline your invoice approval and payment processes, reduce costs, and strengthen supplier relationships. Traditional AP processes can be time-consuming, prone to human error, and involve a lot of manual data entry. By adopting automation tools, businesses can simplify invoice processing, speed up approval workflows, and gain better visibility into payment cycles.

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PCAOB sanctions five firms

Accounting Today

The sanctions against Accell, Crowe MacKay, EY Switzerland, Grant Thornton Canada and Halpern 7 Associates come following an ongoing enforcement sweep.

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Reducing Utility Costs: Practical Tips for SMEs in Singapore

Counto

Reducing Utility Costs: Practical Tips for SMEs in Singapore For SMEs in Singapore, managing and reducing utility costs is crucial for maintaining a healthy profit margin amidst rising energy expenses. Effective strategies can help you lower your utility bills and enhance overall financial sustainability. Here’s a practical guide tailored for SMEs in Singapore to reduce utility costs and improve efficiency. 1.

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Best Practices to Streamline Compensation Management: A Foundation for Growth

Speaker: Joe Sharpe and James Carlson

Payroll optimization can be one of the most time-consuming and complex factors of small business management. Yet, organizations that crack the code on streamlining employee compensation often discover innovative avenues for growth. With the right strategies in place, outsourcing and streamlining payroll processes can result in substantial time and resource savings.

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10+ Strategies for Effective EC2 Cost Optimization

Economize

Amazon EC2 (Elastic Compute Cloud) instances offer flexible, scalable computing power for businesses of all sizes. However, this flexibility also introduces the challenge of controlling costs, especially when EC2 resources are not properly optimized. For organizations ranging from startups to large enterprises, fine-tuning EC2 instances is critical for balancing performance with cost-efficiency.

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Straight Through Processing (STP) in Insurance

Nanonets

The need for automation in the insurance industry is more pressing than ever. According to a recent study by Datos Insights , the insurance industry lags in terms of digitisation, with only 20% automation in underwriting and less than 3% automation in claims processing across sectors. This gap represents a significant opportunity for improvement and cost savings.

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On the move: MACPA names 2024 Women to Watch

Accounting Today

Your Part-Time Controller appoints chief growth officer; LBMC launches family law support services practice; and more news from across the profession.

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Launching a Business in Singapore with a Dependant Pass

Counto

Launching a Business in Singapore with a Dependant Pass Starting a business in Singapore as a Dependant Pass (DP) holder can be a rewarding venture. This guide provides a clear roadmap for establishing your business in Singapore while ensuring you meet all necessary requirements and legal obligations. 1. Understanding the Dependant Pass 1.1 What is a Dependant Pass?

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7 Essential Criteria for Choosing the Right Payments Partner

Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms

In this webinar, Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms, will dive into the 7 must-have criteria for evaluating payments partners, helping you maximize both efficiency and the long-term value of your investment. From assessing technology capabilities to leveraging business development opportunities, this session will give you a clear, actionable strategy to select the right partner for scaling your business.

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Future Forward App Academy is Wednesday, October 2nd

Insightful Accountant

This is your opportunity for in-depth solution reveals, partnership participation, and questions and answers from the sponsors of this Fall's Future Forward Event. Learn about Xero, Qvinci and Quadient from product experts.

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How to automate insurance underwriting

Nanonets

Traditional (manual) underwriting processes often struggle to keep pace with the growing complexity of modern risk assessment, data collection, and policy management. 🧐 According to a McKinsey report , manual underwriting processes can increase operational costs by up to 40% and extend the underwriting cycle time by several days to weeks ! Scaling traditional underwriting operations becomes increasingly challenging as underwriters spend a significant amount of time gathering and verifyin

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Tech news: Schellman becomes first certification body for ISO AI standard

Accounting Today

Plus, AuditBoard announces new analytics features; Airbase launches 'Touchless AP' capacities; and other accounting technology news.

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Navigating PDPA Compliance: A Practical Guide for SMEs in Singapore

Counto

Navigating PDPA Compliance: A Practical Guide for SMEs in Singapore As a small business owner in Singapore, understanding and adhering to PDPA compliance is crucial for managing personal data effectively. The Personal Data Protection Act (PDPA) governs how personal data is collected, used, and disclosed by organisations. This guide provides a detailed overview of PDPA compliance and its implications for SMEs in Singapore. 1.

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2024 Annual Trends Survey: Expense Management Insights

Uncover the latest trends in expense management for small and medium-sized businesses. Our 5th Annual Trends Survey reveals that corporate card use is skyrocketing, but expense software isn't keeping up. This mismatch is creating real challenges for finance teams, who now take an average of 14 days to close their books. Travel policies are shifting to accommodate hybrid work, but many companies are struggling with off-tool bookings.