Sat.Nov 02, 2024 - Fri.Nov 08, 2024

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The Benefits of Punch Out for Business: Why Compleat Software’s Solution Stands Out

Compleatable

What is Punch Out for Business? “Punch Out” for business is a system integration that connects a buyer’s procurement platform to a supplier’s online catalogue, enabling employees to access, select, and transfer items directly into their company’s procurement system without leaving it. Instead of purchasing immediately, selected items are brought into the buyer’s system for approval, generating a purchase order that is then sent to the supplier.

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Why accounting firms are bleeding talent

Accounting Today

Stagnating wages and gaps in career path awareness have pushed young professionals away from accounting, leading to a dearth of candidates and leaving firms scrambling to find a solution.

professionals

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ADC Gets "Unbridled" at EO XCentric!

Accounting Department

Our final Entrepreneurs' Organization (EO) event of the year, EO XCentric, took place in Fort Worth last week and ADC's Shawn Marcum, fresh off of EO Alchemy, set out to Texas and spend some time with all of the great event attendees.

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FOCUS 1.1 Now Available. Adoption Continues for Practitioners and Vendors.

FinOps Foundation

Key Insight: Version 1.1, the fourth release of the FOCUS Specification, is now available for cloud vendors and FinOps Practitioners to adopt. This version adds new Columns that deepen support for billing data generated by cloud service providers, giving Practitioners the ability to do more granular, multi-vendor analysis. The community can expect incremental releases roughly twice per year over the next several years as the Specification is expanded to support SaaS datasets and other technology

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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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Using LinkedIn to Drive $500K+ in CAS Services w/Roman Villardd

Jetpack Workflow

Podcast Summary In this episode of Growing Your Firm, host David Cristello welcomes Roman Villard, CPA , founder of Full Send Finance and co-founder of Full Send Design. The conversation kicks off with a focus on the importance of consistency in achieving success across various endeavors, including social media and business. Roman shares insights from his experiences on LinkedIn, where his consistent efforts have significantly increased awareness of his brand and services over the past year and

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Taxpayer Advocate criticizes IRS move to shorten third-party notice requirements

Accounting Today

National Taxpayer Advocate Erin Collins is objecting to proposed regulations that would enable the IRS to shorten its notice requirements from 45 days to as little as 10 days.

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A Strategic Guide to Boosting Business Efficiency with AP Automation

Compleatable

In today’s competitive world, businesses are constantly looking for ways to improve how they work, and accounts payable (AP) automation is a real game-changer. By automating the time-consuming process of handling invoices, payments, and procurement workflows, organisations can save time, cut costs, and gain clear insights into their financial operations.

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Top ProAdvisor Profiles: Stephanie Elia

Insightful Accountant

This week's Top ProAdvisor Profile focuses on Stephanie Elia of Elia Business Services of South Easton, Massachusetts.

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The 2024 Best Firms for Young Accountants

Accounting Today

A look inside the 10 best places to start a career in accounting.

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10 Questions To Ask When Choosing A Tax Preparer

Ace Cloud Hosting

Tax season is approaching, and it is quite obvious that taxpayers are looking for a tax preparer.

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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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Managing Client Expectations for Rate Changes in the New Year

Enterprise Recovery

As the new year approaches, businesses often must adjust their rates. These changes could be driven by factors such as inflation, increased operational costs, or the need to invest in new technologies and services. For B2B companies and SaaS providers, staying competitive and maintaining high service standards often require periodic rate evaluations.

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Be Afraid, Be Very Afraid - Find-A-ProAdvisor Referral Scams

Insightful Accountant

ProAdvisors with exposed profiles need to be on the lookout for potential scam referrals.

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KPMG trims US audit staff by 4% to counter low turnover rate

Accounting Today

The Big Four firm has cut roughly 330 people from its U.S. audit business to combat near historic low employee turnover rates.

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Building Customer Loyalty Through Accurate Invoicing as an Online Seller

Counto

Building Customer Loyalty Through Accurate Invoicing as an Online Seller In the competitive landscape of online selling, cultivating customer loyalty is essential, especially for small business owners in Singapore. With numerous transactions occurring daily, it can be easy to overlook key elements that significantly impact customer relationships. One of the most critical aspects is your invoicing approach.

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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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Best DocuClipper Alternatives for Document Processing

Nanonets

DocuClipper is an OCR-powered financial document processing tool that converts bank statements, credit card statements, invoices, receipts, and brokerage statements into Excel, CSV, or accounting software-ready formats. The software stands out for its ability to handle even poor-quality documents while maintaining high accuracy in data extraction. DocuClipper helps you: Match and check bank transactions Organize your transactions into categories Makes data entry quick and painless Handles poor-q

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Paycheck Taxes Not Computing

Insightful Accountant

When processing payroll using QuickBooks Desktop you notice that the paycheck taxes are not computing (at all or correctly). Murph takes you through a simple steps to return paycheck tax computation to normal.

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Keeping an eye on DEI

Accounting Today

As the conversation around diversity, equity and inclusion evolves, firms find themselves in a complex dance where the music occasionally skips a beat.

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How to Optimise Payroll for Restaurant Staff and Shift Workers

Counto

How to Optimise Payroll for Restaurant Staff and Shift Workers Managing payroll effectively is crucial for restaurant owners, especially when dealing with restaurant staff and shift workers in Singapore. Optimising payroll helps reduce labour costs while ensuring staff are compensated fairly. Here are practical strategies to help you optimise payroll in your restaurant operations. 1.

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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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Automated AP Drives Higher Job Satisfaction

AvidXchange

Are accounts payable (AP) professionals happy at work? That’s the question AvidXchange and the Institute of Finance & Management (IOFM) set out to answer in our 2024 Accounts Payable Career Satisfaction Survey. The survey, summarized in the 2024 Accounts Payable Career Satisfaction Report , found that access to technology like automation tools enhances career satisfaction for AP staff.

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Top Klippa alternatives for streamlined document processing

Nanonets

Klippa DocHorizon might be on your radar if you’re looking to automate your document processing. This AI-powered platform transforms your documents — from invoices and receipts to complex business forms — into usable data. What makes Klippa stand out is its comprehensive approach to document automation. The platform doesn't just read your documents; it understands the context.

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Master's programs hit five-year peak in application growth

Accounting Today

Nearly three-quarters of U.S. masters of accounting programs reported application growth, according to a report by the Graduate Management Admission Council.

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Manage Your Cash Flow with DSO and DPO

oAppsNet

Cash flow is the lifeblood of any business. Without effective cash flow management, even the most profitable companies can struggle to cover expenses or miss out on growth opportunities. Two essential metrics for managing cash flow are Days Sales Outstanding (DSO) and Days Payable Outstanding (DPO). By mastering these metrics, you can clearly understand how well your business is collecting payments and handling its payables, empowering you to make informed financial decisions.

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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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Why Accrual Basis Accounting Matters for Singapore SMEs

Counto

Why Accrual Basis Accounting Matters for Singapore SMEs For SMEs, the importance of maintaining accurate, compliant financial records cannot be overstated. Singapore’s business environment is highly regulated, with strict requirements for financial reporting and compliance that make the accrual basis not just beneficial but essential for SMEs.

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The Complete Guide to 3-Way Matching in NetSuite

Nanonets

Vendor bills are a critical part of AP workflows - the final document in an AP process that specifies how much you need to pay a vendor for a purchase. Getting a vendor bill payment right is important - to ensure accurate payments, prevent fraud, and streamline AP workflows. However, even a simple vendor bill payment requires multiple checks and approvals before it can be processed.

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Tech news: Sikich rolls out AI studio

Accounting Today

Plus, Thomson Reuters integrates AI CoCounsel with tax solutions; Sovos introduces 1099 Professional solution; and other accounting tech updates.

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13 Best Accounts Receivable and Accounts Payable Software

Invoicera

Effective management of cash resources is one of the most critical success factors in any organization. For many companies, managing accounts receivable (AR) and accounts payable (AP) is a constant challenge, with delayed payments, manual errors, and lack of real-time visibility causing significant disruptions. A study by Atradius revealed that 48% of B2B invoices in the U.S. are paid late, impacting the financial health of businesses.

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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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Invoices in Audits: What Every SMEs in Singapore Should Understand

Counto

Invoices in Audits: What Every SMEs in Singapore Should Understand As a small business owner in Singapore, navigating the complexities of financial management can be daunting. Among these complexities, understanding the role of invoices in audits is paramount. Invoices are not just payment requests; they are vital documents that ensure compliance and clarity during financial assessments.

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Top 10 Super AI Alternatives for Document Processing

Nanonets

Super.AI is an Intelligent Document Processing (IDP) platform that harnesses the power of Large Language Models (LLMs) to extract data from any document with guaranteed accuracy.  By offering access to the latest AI models and an on-demand human-in-the-loop (HITL) review through its Data Processing Crowd, Super.AI ensures high-quality results, supporting businesses in generating precise, labeled data essential for training AI models across various industries.

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Firms plan to raise fees next year

Accounting Today

Over half of accounting and tax firms plan to increase fees across all services in 2025, according to a new survey.

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The Best B2B Dispute Management Tools of 2024

Gaviti

Whether due to error, financial trouble or the non-delivery of goods or services, disputes are unavoidable in the world of accounts receivable. Traditionally, they are managed through a lengthy, tedious manual process that lacks visibility into the process in real time. As companies scaled and these disputes increased, however, businesses started to turn to dispute automation for a more efficient dispute management process for collections and dispute management.

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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.