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How Payroll Processing Services Can Help Your Business? Managing your company’s payroll can be a tedious task. Especially when you know that messing it up even slightly can cause a lot of trouble. In such cases, the best way to get the job done is to hire a professional payroll processing service. It will help you in many ways and ensure that this part of your business is taken care of.
As an AP professional, you’ve probably already heard a lot about AP and payment automation. You’ve read news articles and whitepapers – attended a few webinars – and done some research on your own. You might even know of a competitor or colleague in the industry who has already embraced automation. Still, no matter how much of a no-brainer AP automation is for you, its myriad benefits are all for naught if you are unable to communicate them to your boss, who will likely be givi
We wish you and your family a safe and joyous Holiday Season and a peaceful New Year 2018! Due to the Holiday Season, Acton Accounting & Bookkeeping Inc. will be closed on Monday, December 25; Tuesday, December 26, 2017, and Monday, January 1, 2018. If you need any assistance from us during the Holiday Season, feel free to get in touch with us by clicking here.
There is nothing worse than being in the middle of an audit with the CRA or IRS and not having your paperless statements or bills you need because you didn't download the information!
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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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.
The IRS highly targets the meals and entertainment deduction for audits. The reason being is that most business owners don’t understand what is truly deductible when it comes to eating out and other entertainment events. To make sure you understand the concepts, I will be breaking this subject down into 2 sections. Part 1 focuses on meals and part 2 on entertainment, even though they are usually intertwined.
Whether your professional life resides in an Accounts Receivable atmosphere or not, leadership is critical. A common misconception about collections or accounts receivable is that it’s strictly all about the numbers. While on the surface it may look like that, the reality is that leadership and communications experts are at work and the byproduct is the results.
The common pain areas in most of the industries are manual and time-consuming document processing business processes. This includes the processes like Accounts payable, Sales order processing, Accounts receivables etc. What if there is an option to transform the manual and time-consuming aspects of document processing into a digital and collaborative environment in order to increase the growth, productivity, and profitability.
The common pain areas in most of the industries are manual and time-consuming document processing business processes. This includes the processes like Accounts payable, Sales order processing, Accounts receivables etc. What if there is an option to transform the manual and time-consuming aspects of document processing into a digital and collaborative environment in order to increase the growth, productivity, and profitability.
Stories in this episode: Blockchain: An opportunity for accountants? Or a threat? My Look at QuickBooks Connect 2017 Accountants Gear Up For AI Disruption 50% of Businesses Still Use Paper Checks - But They Won't for Long The Economic and Strategic Benefits of Cloud Computing Subscribe: Listen on iTunes/Apple Podcasts Listen on Google Play In this episode, I'm joined by Will Lopez, Founder and CEO of Advisorfi.
The modern Thanksgiving holiday tradition can be traced back to a 1621 celebration at Plymouth in present-day Massachusetts. The 1621 Plymouth feast and thanksgiving was prompted by a good harvest. Pilgrims and Puritans who began emigrating from England in the 1620s and 1630s carried the tradition of Days of Fasting and Days of Thanksgiving with them to New England.
Since the implementation of 2002’s Sarbanes-Oxley Act, most public companies need to submit their records for external auditing. Auditors check whether these records adhere to the standards specified in the Generally Accepted Accounting Principles (GAAP). Although compliance creates extra work for businesses, large-scale corporate scandals are much less likely to occur.
Making the decision to automate your accounts payable (AP) process is no longer as much a question of if , it’s a question of when. Many companies are realizing the benefits of automation, like reducing their processing costs, eliminating paper, and increasing control over payments with configurable workflows. In today’s blog, Sage Intacct user Kristine Frost of Barfly Ventures tells us how her accounting department improved operations by automating AP with AvidXchange.
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
Like paper checks, the origin of the vertical filing cabinet is an unsolved mystery. I know, I know, it’s a concerning thought, but apparently, the filing cabinet just showed up one day and we all started using it without questioning its existence. That’s a little weird, right? According to the “Vertical Filing Cabinet” section of the Early Office Museum website, there’s some controversy as to when the vertical filing cabinet first appeared.
AvidXchange wants to make sure that you not only survive – but thrive – during your year-end closing process. That’s why we’ve organized a panel of financial thought-leaders and AvidXchange customers to share their personal best practices for a successful year-end closing. This live event, Tips & Tricks to Prepare for Year-End Close , will take place on September 21 at our new corporate campus located at the AvidXchange Music Factory.
AvidXchange wants to make sure that you not only survive – but thrive – during your year-end closing process. That’s why we’ve organized a panel of financial thought-leaders and AvidXchange customers to share their personal best practices for a successful year-end closing. This live event, Tips & Tricks to Prepare for Year-End Close , will take place on September 21 at our new corporate campus located at the AvidXchange Music Factory.
Electronic payments have emerged as one of the best ways to send money. Many businesses are choosing to use payment software because it is the easiest, cheapest, and most ideal payment method. In the old world of payments, your staff likely had to deal with paper checks that tend to be cumbersome, time-consuming, and expensive to process and manage.
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.
AvidXchange is an industry leader in automating invoice and payment processes for mid-market companies. By now you may heard about our new 200,000 sq. ft., six-story corporate headquarters in Charlotte, but did you know we have several regional offices as well? You don’t have to live in the Queen City to take advantage of the amazing culture AvidXchange provides.
Ok, I f *d up! I hate to admit this, but I woke up, checked my bank balance from my bed, and saw I had been charged a $36.00 NSF fee. Uggghhhh, this messed up my morning *insert sad face* If you don’t know what NSF means, it’s Non-Sufficient Funds. And I was charged this fee because of a dang cup of coffee. Well, not really, but let me explain what happened… I have a separate bank account I use to pay my personal credit card bills and to use for my discretionary spending, you know, stuff like ge
Good day and greetings from the Financial Services area. For those who have read my previous blog entries, I would like to communicate a warm thank you and I hope to keep engaging your interest. Even though I post under the category of Financial Services, I try to find a balance between business sensibilities but also try to inject some personality and perspective.
JP Nicols is a leading voice for innovation, strategy, and leadership in the financial technology (FinTech) industry. He is also a top-rated keynote speaker and advisor to startups and Fortune 500 companies. JP has been named to multiple lists as a top influencer and thought leader, including: FinTech influencers you should be following in 2017 (#15), Top FinTech Influencers in the United States of America (#5), and FinServ 25: The Most Influential Voices in Banking.
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?
Good day and welcome to my blog. Each and every company who has a customer base has a need for accounts receivable/collections personnel. For smaller companies, one person may wear many hats including the accounts receivable or collections department hat. For any business transaction that is not completed (paid) immediately, there is a follow-up process.
Traveling is a great way to see the world and share new experiences with the ones you love. If you follow this blog than you already know how to correctly write off your business travel expenses, if you haven’t read the post you can find it here. There is even a handy worksheet to help you manage those deductible expenses. However, saving money while traveling is even better than the getting the write off if you ask me!
Few things in the business world inspire as much concern as preparing annual budgets. Business unit managers often struggle with how the time-consuming process disrupts their daily workload and affects bonus calculations; executives worry about establishing differing figures across departments; and finance leaders grow tired of a process that often doesn’t lead to better spending decisions.
AvidXchange, a leading fintech provider of accounts payable and payment automation for midsize companies, has many customers in the nonprofit space. As such, we form strategic partnerships with organizations that work with nonprofits like @Pay, an express payment technology company that makes it easy to pay, give, or buy on a mobile device. For our nonprofit partners and customers out there, here are some best practices from @Pay’s CEO, John Killoran, for creating online donation forms.
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.
Summer is here, and so is vacation season. I know, as a small business owner, it’s important to write off as many expenses as possible to minimize that tax bill, and this includes travel. Now, I have heard tons of misinformation about writing off vacations. Things like, “I can write off the entire cost of a trip for my whole family, even if I’m the only one away on business.
At AvidXchange, we pride ourselves on creating a work environment that facilitates personal growth and inspires innovation while serving more than 5500 clients throughout North America. What does AvidXchange do? We’re an industry leader in automating invoice and payment processes for mid-market organizations spanning multiple industries, including Real Estate, Non-Profit, Financial Services, Energy, and Construction.
It’s that time of year again when men with children are celebrated for being an inspiration in their lives. These fathers will get to lounge all day, get gifts of new ties and tools and relish in the fact that they are partly responsible for the little human beings running around this earth. This year I want to publicly celebrate my dad, Nkosi Akinlabi, by introducing you all to him.
Recognized as one of the 50 fastest-growing private companies in the Charlotte area for the past four years, AvidXchange has experienced explosive growth. To accommodate our growing workforce, we broke ground on a new building at the AvidXchange Music Factory in September 2015. We’re happy to announce that the 200,000-square-foot building is now finished and we can’t wait for our 900 Charlotte-based employees to be working under the same roof!
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.
With more than 10 years of experience in public accounting, Bobbi Jo is passionate about helping create success for her clients, her teammates and the firm. Last year, Bobbi Jo was named as one of Charlotte Business Journal’s Forty Under 40 award winners. The award recognizes 40 of the region’s most accomplished business and civic minded professionals under 40 years of age.
Chris Elmore, who, in addition to being AvidXchange’s Director of Product Strategy, is an adjunct professor at UNC Charlotte, teaching graduate and undergraduate students in Entrepreneurship. Recently, the Charlotte Chamber announced that Elmore will serve as the business organization’s first “entrepreneur-in-residence.” Elmore has been in the accounts payable world for 15 years in various roles, and has witnessed the transition from paper-based processes to completely automated AP and pay
Jack G. Kern is the director of research and publications for Yardi Systems, Inc., and is responsible for the data analytics team at Yardi Matrix and the information publishing group in New York City comprised of Commercial Property Executive and Multi-housing News. Before joining the firm, Kern served as the managing director of consultancy Kern Investment Research, a national research practice with clients across the U.S. and Europe.
Nicholas Moussab is a sales professional who has spent more than ten years helping organizations optimize their accounts payable and payment processes. As Director of Corporate Sales at AvidXchange, Nick’s area of expertise is working with large organizations, defining requirements based on the unique idiosyncrasies of each organization, and delivering a solution that can revolutionize the way the organization manages and pays their bills.
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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