Sat.May 06, 2023 - Fri.May 12, 2023

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Meet the new faces of Australia’s XPAC

Xero

Xero wouldn’t be where it is today without the support of our partner community, and that includes our Xero Partner Advisory Council (XPAC). That’s why we’re thrilled to announce our latest XPAC cohort for Australia. The XPAC team is a group of experts connecting Xero to the community and industry alike. They both challenge and champion the needs of the accounting and bookkeeping sector by engaging in open discussion, sharing industry insights, and providing actionable feedback.

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Recognizing Our Military Spouses - Happy MilSpouse Appreciation Day!

Accounting Department

Our AccountingDepartment.com family is proud of its vibrant and diverse “cast of characters”—we span the country with our team members coming from all backgrounds and personalities. Included among our team are some amazing Military Spouses whose hard work, dedication, and contributions are part of what makes our family so strong—and theirs as well.

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Building Inclusion: The bright side of mental health

Intuit

Intuit products are more than web, desktop, and mobile applications. We build the products that enable people to live independent lives. They manage their finances, start businesses, hire employees, and develop their careers. We’re also committed to making sure they feel safe, accepted, and understood in the process. As global co-leader of our employee resource group the Intuit Abilities Network, Lou Shelley is on a mission to create a stigma free environment where our workers bring their true s

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Maximizing Your Return: Calculating the ROI of AP Automation

Ascend Software blog

For businesses that rely on manual invoice and payment processing, the cost savings and efficiency gains of implementing an automation solution can be significant. By automating AP processes, companies can reduce time spent on manual processing and processing costs, while improving accuracy and reducing the risk of errors.

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Forecasting Failures Are Costly: Here's How To Fix Them

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

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Zamp Launches End-to-End Sales Tax Solution for Online Sellers

Insightful Accountant

Zamp's team includes former state auditors, sales tax experts, research specialists and first employees of Stripe-acquired TaxJar & Vista-acquired Avalara.

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AccountingDepartment.com Awarded Inc. Best Workplaces 2023 Recognition

Accounting Department

We are thrilled to share that AccountingDepartment.com has been selected for inclusion in the Inc. Best Workplaces list, for the second year in a row. This 2023 recognition is a true testament to our accomplishments around the workplace we have created. We are grateful for the privilege of being acknowledged as an Inc. Best Workplace for back-to-back years and we extend our appreciation to our entire staff, who make it such a wonderful place to be every day.

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Common Invoice Payment Terms with Definitions

Ascend Software blog

Invoicing is an essential aspect of any business, and it is vital to have a good understanding of the key invoice terms to ensure accurate billing and timely payment. Here are the top invoice terms that every business owner or freelancer should know.

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Standalone Contractor Payments with New W-9 Tracker

Insightful Accountant

W-9 and Contractor Payment options are among the QuickBooks Online updates inspired by accountants.

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Stay in the know with NetSuite's P&L Statements

Accounting Department

There are three documents that public companies must file quarterly: the balance sheet, the cash flow statement, and the profit and loss statement. Although private companies aren’t required to submit these forms, they are still recommended to provide a good snapshot of current conditions for business owners to always be aware of the health of their business.

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A community for technologists, by technologists

Intuit

A major challenge for tech companies is how to remain resilient despite a potential economic slowdown. Leading through macroeconomic uncertainty, there’s a need to build innovation and compete. To achieve the feat, tech companies are shaping engineers in real-time by providing them with meaningful opportunities, on-the-job training, and sharing what challenges they might face.

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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

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The Brigade Business Breakthrough Blog

Brigade

Brigade CEO Elizabeth Manso , CPA, was recently profiled in City Biz magazine. The interview centered on how she has led Brigade as an advisory, accounting and bookkeeping company 'to exceptional growth since its founding in 2008, and recently launched a new platform for other firms to find a “breakthrough” for even greater success.

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Warehouse Wednesday: Revisiting Manufacturing KPIs

Insightful Accountant

Murph travels back to a series he wrote on measuring manufacturing performance by providing a list of manufacturing KPIs and the related links to the articles with definitions and uses.

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Turn to FP&A for Effective Financial Planning

Accounting Department

For any business owner, one of the key areas of focus should be the company’s future. Financial planning is a vital part of that plan, helping business owners leverage growth and expand their operations. If a business owner hasn’t focused on this aspect, they need to understand what it is, what it does, and how it differs from regular accounting. What Is FP&A?

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Bookkeeping Cleanup Checklist: Six Steps to Get Caught Up

Less Accounting

It happens more than you think. Accounting gets left behind while business moves forward. Before you know it, it’s been months or even (yikes) years, since your bookkeeping has been properly updated. And now the project looms over you like an ominous thunderstorm waiting to strike with disastrous results. Getting ready to do bookkeeping cleanup sounds intimidating, but can be done effectively by systematically working through these steps to gather the information you need.

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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.

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Liquidity Management Is Crucial to Succeeding in Today’s Hyper-Fast Environment

Plooto

In today's turbulent, disruptive times, businesses must stay financially agile. Effective liquidity management enables companies to make quick decisions, manage risk, and capitalize on business opportunities. In a   recent survey with Forrester , more than 80% of the companies indicated that liquidity management is a priority.

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Touchland Cleans Up Its Financial Systems with NetSuite

Insightful Accountant

NetSuite helps award-winning hand sanitizer business drive efficiencies and sustain its rapid growth.

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Introducing Gaviti’s New Credit Management Module: Streamline Your Collections and Mitigate Risk ?

Gaviti

We are thrilled to announce the launch of our latest addition to the Gaviti accounts receivable collections platform: the Credit Management Module! At Gaviti, we understand how crucial it is for you to maintain a healthy cash flow, minimize credit risk, and ensure timely payments from your customers. With this new module, we aim to empower your business by providing you with the tools and insights to make better credit decisions and enhance your overall credit management strategy.

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Best Practices for Managing Tax Extensions in Your CPA Firm

CapActix

Managing tax extensions can be a challenging task for CPA firms, especially during the busy tax season. However, with proper planning and organization, it is possible to efficiently manage tax extensions while ensuring compliance with tax regulations and meeting client expectations. Here are some best practices for managing tax extensions in your CPA firm: Plan Ahead Start preparing for tax extensions early in the tax season.

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How To Break Digital Transformation Barriers And Accelerate AI Adoption

Speaker: Anna Tiomina, MBA

AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?

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Matt Round On How Amazon Reinvented Software Engineering

CloudZero

In the early 2000s, Amazon faced an existential threat: Speed up their pace of software engineering, or risk losing eminence in the burgeoning e-commerce landscape.

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Future Forward 2023: Why You Must Document Before You Can Automate

Insightful Accountant

Cloud Accounting Podcast host David Leary shows you the secret to improving your workflows and saving time. Sign up for the Future Forward webinar today.

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Workflow Automation Guide & 5 Best Workflow Software for 2023

Nanonets

Are you looking for workflow management software? Try Nanonets. Create workflows in <15 minutes. Try for free now. No Credit Card is Required. Create Your Workflow Businesses lose millions of dollars each year due to inefficiency, which is no secret. Businesses lose around 1 Trillion US dollars annually due to ineffective management activities! Intelligent workflow automation can save time, boost production, and cut expenses.

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Tax Planning Vs Tax Reacting: How to Save Money by Taking Action Now

CSI Accounting & Payroll

We know nobody really likes tax season. However, the work you do now could be the difference between saving money or spending money in the Spring. Did you know that an annual tax accountant can only fill out your tax forms according to what's already happened? They can't truly help with tax planning because they don't work with your accounting year-round; their job mostly involves recording history.

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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

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4 Low-Effort Tactics That Saved CloudZero Over $2M In 2023

CloudZero

Whether or not you take the oft-quoted statistic that 30% of companies’ cloud spend as gospel, one thing is for sure: Companies have been spending recklessly in the cloud ever since its inception.

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Future Forward 2023: How to Gain 'Trusted Advisor' Status

Insightful Accountant

Find out how you can continue to be an integral resource for your small business clients in nearly every aspect of their business. Sign up today.

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5 Reasons Bookkeepers Should Consider A Manufacturing Niche

The Successful Bookkeeper

Manual work. Being a great bookkeeper isn’t solely about being focused on numbers, data, and details. While these are all crucial, you’ll also likely need to become knowledgeable about the industries you serve. This could be a single industry where you might be an expert or a handful where you’ll have a decent understanding of each of them. One industry that is surprisingly underserved by bookkeepers is manufacturing.

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What Happens when Business Debt Goes to Collections?

Enterprise Recovery: Accounts Receivable

Debt collections may not be the most enjoyable part of back office operations, but it's absolutely necessary. Unfortunately, some of your business clients will miss a payment or more due to various reasons. If you've signed an agreement and fulfilled your part, they still owe you. What happens when business debt goes to collections?

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Maximizing Profit and Productivity: The New Era of AI-Powered Accounting

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

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MACRS depreciation definition

Accounting Tools

Related Courses Fixed Asset Accounting How to Audit Fixed Assets What is MACRS Depreciation? MACRS depreciation is the tax depreciation system used in the United States. MACRS is an acronym for Modified Accelerated Cost Recovery System. Under MACRS, fixed assets are assigned to a specific asset class, which has a designated depreciation period associated with it.

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AICPA, CIMA Unveil New Learning Tools

Insightful Accountant

The organizations have released a new online learning platform that will help accounting and finance professionals improve and update their skills in today's digital landscape.

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How and why you should use tags in QuickBooks Online

Reconciled Solutions

Tags in QuickBooks Online add another way to track your financial data in addition to classes and categories. The post How and why you should use tags in QuickBooks Online appeared first on Reconciled Solutions.

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Common Mistakes to Avoid in Restaurant Accounts Payable Processing

Outsourced Bookeeping

The management of a restaurant’s financials is incomplete without the incorporation of the pivotal restaurant accounts payable process. Proper handling of accounts payable guarantees timely payment to suppliers and vendors, resulting in the seamless operation of a restaurant. Common Mistakes to Avoid in Restaurant Accounts Payable Processing Nevertheless, the processing of accounts payable can be intricate and susceptible to mistakes.

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Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.