Sat.Sep 28, 2024 - Fri.Oct 04, 2024

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Business Central Accounts Payable: Go Beyond the Basics

Fidesic blog

In this post, we will talk about Business Central accounts payable features and when you might want to go beyond the out of box functionality when it comes to accounts payable. We’ll do this by sharing some of the shortcomings of built in D365 AP tools when it comes to invoice processing and payments.

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AICPA, NASBA propose CPA licensure changes in Uniform Accountancy Act

Accounting Today

The American Institute of CPAs and the National Association of State Boards of Accountancy proposed a set of changes in the model legislation used in many states to reflect an alternative pathway to CPA licensure based on competency.

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5 Key Performance Indicator Examples for SaaS Success

Accounting Department

Unlock the secrets to Software as a Service (SaaS) success by mastering these essential KPIs, which serve as the foundation for understanding and optimizing your business performance. By focusing on these key performance indicators, you can gain valuable insights into customer behavior, financial health, and operational efficiency, ultimately driving growth and ensuring long-term sustainability in the competitive SaaS landscape.

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What new XSBI data tells us about North American small businesses

Xero

How do you think small businesses in your area are doing? New regional and provincial data from Xero Small Business Insights (XSBI) helps track differences in small business performance within Canada and within the US. This data provides a more granular look at each country by sharing a richer, more nuanced perspective when compared to national level statistics.

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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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HMRC to Consult on E-Invoicing for Businesses and Government Departments

Compleatable

In a significant step toward modernising the UK’s financial infrastructure, HM Revenue and Customs (HMRC) has announced a consultation on the introduction of e-invoicing for businesses and government departments. This move aligns with the government’s broader agenda of digitising processes and improving efficiency within public and private sectors.

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TIGTA spots tens of thousands of unresolved system vulnerabilities

Accounting Today

TIGTA said the IRS failed to address literally tens of thousands of security vulnerabilities in both its mainframe platform environment and its security application environment.

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More Trending

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How Mutual Muse took circular fashion from trend to timeless

Xero

When you think of ‘circular fashion’ you might think of donating your old clothes and items to local charity shops, or online marketplaces. But what about consignment stores that pay you for your most-loved items and offer credit notes that allow you to refresh your wardrobe at the same time? That’s exactly what Kirsta Hawkins, owner of sustainable consignment store Mutual Muse, wanted to bring Australian shoppers when she opened her first store in 2014.

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Compleat partners with Pearl Scan

Compleatable

Compleat partners with Pearl Scan as their document management solution partner Compleat today announced a new partnership with Pearl Scan. This new partnership will give Compleat’s customers access to a leading document management solution specialising in high-quality scanning, shredding and storage solutions. “We are excited about this partnership with Pearl Scan, as it marks an important advancement for both our companies and, more importantly, for our customers.

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AICPA asks for tax relief in aftermath of Helene and IRS grants it

Accounting Today

The American Institute of CPAs has sent a letter to the IRS asking for immediate tax relief in the wake of the hurricane, which caused widespread destruction in six states.

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Surviving the Second Tax Season

Insightful Accountant

The IRS reports a 30% increase in tax extensions over the past five years, with 19 million taxpayers filing for automatic extensions this year. This trend is reshaping our profession (and driving us all nuts).

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Navigating Corporate Travel Changes Post-Pandemic

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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Balancing Automation with Personal Touch: Maintaining Client Relationships In A Digital World

The Successful Bookkeeper

Just as with many other professions, AI-driven tech has transformed the way bookkeepers operate—tasks like invoicing, reconciliation, and data entry are now streamlined by automation.

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Boost Collections by Training Debt Recovery Skills

Enterprise Recovery

Effective debt recovery is a cornerstone of financial management. Without an efficient approach to collecting outstanding debts, businesses can suffer from cash flow issues, leading to operational challenges and potential financial instability. Skilled debt recovery ensures that the company can maintain its liquidity, meet its financial obligations, and reinvest in growth opportunities.

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Salary guide: Accountants expect disruption, will see average job growth

Accounting Today

LHH's 2025 Annual Salary Guide reports 56% of accounting professionals feel their roles are at risk of disruption by digitalization, automation and AI.

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9 Best AI Tools for Accounting Professionals

Ace Cloud Hosting

The accounting industry is undergoing a dynamic shift, all thanks to the incredible power of artificial intelligence. If you’re still navigating your accounting tasks without AI tools, it’s time to.

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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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Sara Grafals of Speedway Motorsports Embraces Automation

AvidXchange

“Automation” is a business buzzword for good reason. In this episode of “ The Power of Change ” podcast, AvidXchange Founder and CEO Michael Praeger sat down with Sara Grafals , the senior vice president of regional finance for Speedway Motorsports , to discuss how AvidXchange’s automation tools have saved her team $300K and hundreds of hours of staff time.

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How Bookkeeping Software Can Simplify Small Business Operations

Less Accounting

For small business owners, managing day-to-day operations efficiently is crucial for success. However, juggling various tasks like invoicing, expense tracking, and financial reporting can quickly become overwhelming without the right tools and processes in place. This is where bookkeeping software comes into play. In this blog post, we’ll explore how bookkeeping software can simplify small business operations and why it’s a game-changer for entrepreneurs.

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Young accountants: Choose your own adventure

Accounting Today

New entrants to the profession face more decisions more often than ever in building their accounting careers. Expert weigh in with their best career advice.

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Drake Documents: 5 Features You Should Know

Ace Cloud Hosting

Drake Software is well-known for its tax and accounting tools, earning high ratings in the industry. A survey by the Journal of Accountancy placed Drake Software at the top, with.

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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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How Digital Document Management Simplifies Tracking Business Expenses

LedgerDocs

As a bookkeeper for small business owners, you know how vital accurate expense tracking is for the financial health of your clients business. However, working with traditional paper receipts and invoices can be messy and error prone. Digital document management systems can supercharge this process, making expense tracking easier, more accurate and more efficient.

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How Company Secretaries Can Facilitate Fundraising for Startups in Singapore

Counto

How Company Secretaries Can Facilitate Fundraising for Startups in Singapore In Singapore’s dynamic startup ecosystem, company secretaries play a crucial role in assisting businesses with their fundraising efforts. Their expertise ensures that startups adhere to legal standards, enhancing their credibility and fostering investor trust. This post explores the various ways company secretaries contribute to the fundraising process for startups. 1.

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IRS issues draft Form 7217 for comment

Accounting Today

The 7217 is designed to report the basis of all distribution of property that a partner receives from a partnership in a non-liquidating or liquidating distribution.

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APP Academy featuring Xero

Insightful Accountant

Xero recently showcased their powerful cloud-based accounting platform at the Future Forward App Academy, emphasizing their role as a strategic partner for small businesses and their advisors.

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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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4 Simple Steps to Visualize AWS Costs with CUR & QuickSight

Economize

The AWS Cost and Usage Report (CUR) is a treasure trove of detailed billing data, but in its raw form, it’s more like a cumbersome spreadsheet—overwhelming in scope and often hard to translate into actionable insights.

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Incorporation Strategies for Startups: Structuring Your Business to Attract Investors

Counto

Incorporation Strategies for Startups: Structuring Your Business to Attract Investors Launching a startup involves numerous critical decisions, one of which is selecting the appropriate business structure. This choice is vital, as it can profoundly impact your ability to attract potential investors. The right structure not only defines your operational framework but also sets the stage for future funding opportunities.

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Jay-Z, Megan Thee Stallion exit BDO after Fat Joe's fraud allegations

Accounting Today

Rapper Fat Joe's 2022 lawsuit accused a former BDO employee of using his accounts and credit cards to withdraw thousands of dollars in cash.

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Solver Releases Three New Industry Solutions

Insightful Accountant

Solver has released three new industry solutions serving Construction, SaaS and Senior Living. Their solutions use the power of data to meet operation and business goals, and drive and accelerate better decisions.

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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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Vendor Management Job Responsibilities

oAppsNet

Vendor management is not just a critical aspect but the backbone of any business that relies on third-party suppliers. It involves overseeing and coordinating relationships with vendors to ensure that goods and services are not just delivered on time but are the lifeline of the business, meeting the required quality standards. A vendor manager’s role is crucial and indispensable in maintaining the smooth operations of the business.

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What Sectors Are Currently Attracting Significant Investment in Singapore?

Counto

What Sectors Are Currently Attracting Significant Investment in Singapore? As a small business owner in Singapore, keeping abreast of key industries attracting substantial investment can help identify potential growth avenues. In 2024, Singapore’s economy is evolving with the emergence of several innovative sectors poised to drive future growth.

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By the numbers: Firms' tech priorities, financial restatements, and more

Accounting Today

The latest data on where accountants are focusing their technology investments, what Gen Z values most in a future employer and other key metrics.

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Intuit Envisions "Done-for-you" future

Insightful Accountant

Intuit envisions a future for their clients where consumers and businesses will experience 'done-for-you' functionality within the company's products resulting from 'Agentic AI.

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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.