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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A glimpse into the future of accounting

Accounting Today

Five major trends and key takeaways from Bill's Accountant Partner Council.

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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 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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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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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 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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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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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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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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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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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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Best PDF Parser for RAG Apps: A Comprehensive Guide

Nanonets

Introduction In the world of AI, where data drives decisions, choosing the right tools can make or break your project. For Retrieval-Augmented Generation systems more commonly known as RAG systems, PDFs are a goldmine of information—if you can unlock their contents. But PDFs are tricky; they’re often packed with complex layouts, embedded images, and hard-to-extract data.

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IRS debuts new process for third parties with bad ERC claims

Accounting Today

Third-party payers like payroll providers can now withdraw claims for individual clients.

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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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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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Your ERP Transition Needs Oversight

Oversight

Why Implementing a New ERP is the Perfect Time to Partner with Oversight As organizations prepare to implement a new ERP, it’s natural to focus on the promise of better efficiency, improved processes, and greater visibility across your operations.

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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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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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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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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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Tipalti Named “Growth Partner of the Year” By NetSuite

Tipalti

The Growth Partner of the Year Award recognizes Tipalti’s meaningful investment in its partnership with NetSuite.

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Understanding the Root Causes of the US Accounting Resource Shortage

Outsourced Bookeeping

Did you know? Over 600 U.S.-listed companies reported resource shortages in internal financial controls in 2023. What’s more surprising is that this shortage represents an unprecedented 40.3% increase from 2022. Unfortunately, this shortage has no immediate solution, as the supply side still needs to balance. In 2020 alone, accounting graduates dropped by 2.8%, while master’s graduates saw an 8.4% decline.

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By the numbers: Audits, cyber security and more

Accounting Today

Accountants weigh in on which companies have cyber vulnerabilities, states with the highest tax collections per capita and other key metrics.

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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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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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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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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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9 steps to better change leadership

Accounting Today

In an environment of constant change, simply managing change isn't enough.

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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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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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Maximising Opportunities: The Business Grants Portal for SMEs in Singapore

Counto

Maximising Opportunities: The Business Grants Portal for SMEs in Singapore As a small business owner in Singapore, navigating the myriad of funding options can be overwhelming. The Business Grants Portal (BGP) is designed to simplify this process, providing you with a wealth of resources tailored specifically for small and medium enterprises (SMEs).

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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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FloQast rolls out unified platform for all solutions

Accounting Today

FloQast announced it has rolled its entire solution portfolio into the new Accounting Transformation Platform, and added a few new ones on top of that.

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From Zero to CPA in Record Time: How Kenyth Earned Two Degrees in Just 4 Months

Blake Oliver

Imagine completing a bachelor's AND a master's degree in just over four months. Sounds impossible, right? On our latest podcast episode, I chatted with a future CPA who did exactly that through Western Governors University. When I was in college, taking more than five classes at a time was a stretch. I asked him, "How did you pull this off?" Ken explained that at WGU, once you pass a course, the next one unlocks.

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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.