Sat.Jun 10, 2023 - Fri.Jun 16, 2023

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Payments Fraud Trends to Watch in 2023

Fidesic blog

Overall, payments fraud is the lowest it has been in nearly 10 years, according to an annual report released in May by the Association for Financial Professional and J.P. Morgan.

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Consumer Data Right (CDR) reform presents limitless opportunities for Australia’s small businesses

Intuit

As inflation and other economic pressures weigh on Australian small business owners, having access to tools that can help them make smart financial decisions is critical. The best tools should leverage data to provide a personalised experience and give small and medium-sized enterprises (SMEs) the information they need to hire, expand, cut costs, and streamline with confidence.

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How small businesses can benefit from getting involved with their local football club

Xero

If you’re a small business owner, chances are you’re always on the lookout for new and innovative ways to grow your business. A great way to do so could be right under your nose: on your local football pitch, and you don’t need to buy some football boots or play a full 90 minutes. Football sponsorship isn’t just for major companies – small businesses with varying budgets can get involved, too.

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Getting the Most Out of Virtual Bookkeeping Services

Accounting Department

Virtual bookkeepers work with a wide range of client types and business sizes in various stages of growth. So, your virtual bookkeeper can be expected to bring a great breadth and complexity of knowledge and experience to your company.

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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 With construction projects becoming more complex, outdated processes are no longer sustainable.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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Watch Out for Everything 'AI', a Murph Commentary

Insightful Accountant

Murph cautions us against accepting the results of 'AI' like ChatGPT. the data these AI machines produce may be more 'artificial' than 'intelligent'.

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Understanding the Benefits of Integrated Online Buying

Compleatable

As a consumer, Covid accelerated the inevitable shift to online shopping, and now that we have the confidence in how convenient online buying has become, there’s simply no going back. So, why isn’t this happening at our workplace? Integrating the shopping experience into the workplace just makes so much sense for everyone outside of finance.

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Track Spending in Real-Time with Ramp

Accounting Department

It often happens that businesses become frustrated with slow-moving, unwieldy end-to-end experiences with their credit card programs. Encountering delays in issuing new cards to employees, which further compounds the issues, and both employees and members of the finance team lacking a centralized view of cardholder transactions, creates all sorts of ongoing challenges.

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Let's Honor Flag Day Today

Insightful Accountant

As we celebrate June 14 as Flag Day, Murph reminds us to honor all that it represents.

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10 of the Most Common Invoice Payment Terms

Compleatable

For small business owners, cash flow is the lifeblood that keeps their ventures running smoothly. Managing invoices and ensuring timely payments from clients and customers is crucial to maintaining a healthy cash flow. But if you’re a new business owner or perhaps snoozed through your accountancy classes at University (we’re not judging!

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Claim edits mastery: Leveraging best edits and best practices to expedite payments

SSI Healthcare Rev Cycle Solutions

Claim edits mastery: Leveraging best edits and best practices to expedite payments [Live Webinar] Although often overlooked, claim edits play a critical role in thwarting denials and accelerating payments. Your ability to efficiently manage and promptly correct edits, utilizing a claim scrubber or billing application, has substantial implications on your cash flow.

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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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Email Data Extraction - How to Extract Specific Data from Emails?

Nanonets

Introduction In today's digital age, managing an avalanche of emails can be an overwhelming task, especially for businesses dealing with hundreds or thousands of emails daily. However, these emails often contain vital information, from purchase orders and invoices to customer queries or even insights that could help streamline your business operations.

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Intuit Ventures Invest in Finch

Insightful Accountant

Intuit Ventures has announced an investment in Finch, the No. 1 API for employment systems. The investment will allow Finch to build deeper integrations with the Intuit QuickBooks ecosystem.

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How Human-AI Partnership will Change Bookkeeping’s Future

LedgerDocs

Artificial technology rapidly changes every industry, and bookkeeping is an exception to this revolution. The future of AI bookkeeping is looking very promising, not only for bookkeepers but for business owners as well. In this blog post, we will explore how technology will reshape the role of modern bookkeepers in the coming years. Super Bookkeepers: The goal of AI bookkeeping is not to replace human bookkeepers, but to augment their abilities, to make them into “Super Bookkeepers”

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The Rise of The Ambulatory Surgery Center

RevCycle

What is an ASC? An ambulatory surgery center (ASC) is a healthcare facility that provides same-day, outpatient surgical care. ASCs are typically freestanding facilities, meaning they are not found within a hospital. They are staffed by a team of surgeons, nurses, and other healthcare professionals who provide high-quality, cost-effective care. ASCs offer a variety of surgical procedures, including: Cataract surgery Ear, nose, and throat procedures General surgery procedures Gynecological procedu

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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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Best OCR Software of 2023

Nanonets

Optical character recognition (OCR) software help convert non-editable document formats such as PDFs, images or paper documents into machine-readable formats that are editable & searchable. OCR applications are commonly used to capture text from PDFs & images and convert the text into editable formats such as Word, Excel or a plain text file.

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Accounting 101: Techniques to Prioritizing Growth

Insightful Accountant

Arc Business Management and National Xero Ambassador Tate Henshaw drills down on why it is time for you to open your mind up to new techniques to help your firm.

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The difference between current ratio and quick ratio

Accounting Tools

Related Courses Business Ratios Guidebook The Interpretation of Financial Statements The current ratio and quick ratio are both designed to estimate the ability of a business to pay for its current liabilities. The difference between the two measurements is that the quick ratio focuses on the more liquid assets , and so gives a better view of how well a business can pay off its obligations.

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The Ultimate NetSuite ERP Integration Guide

MineralTree

As a business grows and expands, its financial management needs often grow increasingly complex. Enterprise resource planning (ERP) systems like NetSuite can help organizations manage these obligations, while also facilitating collaboration. NetSuite specifically is highly customizable, making it a popular choice for mid-market businesses. However, to fully leverage the benefits of NetSuite, it’s crucial to integrate it with other applications such as an accounts payable (AP) automation to

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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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7 Pros and Cons of Downsizing Your Small Business

Nolan Accounting Center

Downsizing your small business is a business strategy designed to reduce overhead costs by selling business assets or laying off employees. Many times, small business owners will downsize due to a decline in the industry or an economic recession. When it comes to downsizing, there is no standard, and may look different from one business and industry to another.

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Advisor Alliance: Hour Timesheet

Insightful Accountant

Murph describes the benefits of the Hour Timesheet Referral Program as an example of options for the time-tracking/keeping app you may currently be supporting.

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Dunning letter definition

Accounting Tools

Related Courses Credit and Collection Guidebook Effective Collections Essentials of Collection Law What is a Dunning Letter? A dunning letter is a notification sent to a customer, stating that it is overdue in paying an account receivable to the sender. Dunning letters typically follow a progression from polite reminders to more strident demands for payment, if the customer continues to be non-responsive in paying.

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10 Smart Tax Deductions You Shouldn’t Miss

Outsourced Bookeeping

Tax deductions are a beneficial tactic to decrease your taxable income and reduce expenses when filing taxes. This writing digs into ten clever tax deductions that individuals and businesses should know. You can improve your financial status by integrating these deductions into your tax planning strategy. We will also explore the advantages that come with using outsourced bookkeeping and accounting services , such as outsourced management of accounts payable, to guarantee precise deduction monit

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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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Transforming Vendor Finance with Innovative, Dual-Benefit Solutions

NextProcess

Depending on who you ask , the U.S. economy is either already in recession or very likely to go in that direction. In the current business climate, vendors are looking for faster payments so they can make ends meet without waiting weeks or even months for clients to pay their invoices. At the same time, clients want to hold on to cash as long as possible to guard against economic uncertainty.

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Start Now Earning 2024 Top 100 ProAdvisor Certifications

Insightful Accountant

With more ProAdvisors beginning the Top 100 process every year, Murph is working earlier than ever to help you qualify. Certification time has arrived.

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How to reconcile the general ledger

Accounting Tools

Related Courses Accountants’ Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook The general ledger is the master set of accounts that aggregates all transactions recorded for a business. When a person is reconciling the general ledger, this usually means that individual accounts within the general ledger are being reviewed to ensure that the source documents match the balances shown in each account.

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AWS RDS vs Cloud SQL: Comparison Analysis

Economize

Choosing the right managed database service can be a challenging task. AWS RDS and Google Cloud SQL are two major players in the space, each offering a unique blend of features and advantages. This in-depth comparison guide breaks down the key considerations, including features, integrations, flexibility, data security, and pricing to help you make an informed decision.

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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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Retained Earnings vs Owner’s Equity

SMB Accounting and Consulting

One of the best things that you can do for your business is to understand financial statements. One of the biggest issues that come with reading financial statements is understanding the differences between Retained Earnings vs Owner’s Equity. The first step is defining the two. Retained Earnings is the company’s net income or loss over the period of the company.

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The Great Recalibration

Insightful Accountant

FloQast CEO Mike Whitmire explains how you can solve today’s talent crisis through technology.

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Financial statement review definition

Accounting Tools

Related Courses How to Conduct a Compilation Engagement How to Conduct a Review Engagement How to Conduct an Audit Engagement What is a Financial Statement Review? A financial statement review is a service under which the accountant obtains limited assurance that there are no material modifications that need to be made to an entity's financial statements for them to be in conformity with the applicable accounting framework (such as GAAP or IFRS ).

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Monthly Accounting vs. Annual Accounting: Which is Right for Your Business?

CSI Accounting & Payroll

As a small business owner, you don’t have a lot of time to research all of your options for accounting services. Plus, there’s not a lot of information out there about monthly accounting. How are you supposed to find your right fit if you can’t compare all of your options? CSI Accounting & Payroll has worked with small business accounting for over 50 years.

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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.