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From a Press Release dated July 15, 2025, Chicago, Illinois The Federal Reserve Financial Services (FRFS) has completed the migration of the Fedwire Funds Service to the ISO 20022 message format, marking a significant modernization of the U.S. payments infrastructure. This upgrade aligns American payment processing with international standards, enabling greater efficiency, richer payment data, and more robust risk and fraud mitigation.
Let’s be honest. Most business owners don’t love financial reports. We get it. You’re running the show, juggling clients, operations, and everything in between. So when a spreadsheet full of numbers lands in your inbox, it can feel more confusing than helpful. But here’s the truth. When your monthly reports are clear, focused, and actually designed to make sense, they become your secret weapon.
Ecommerce businesses grow fast, scale quickly, and operate across many borders. But with that growth comes a complex financial reality, especially when the tax season rolls around. From multi-channel income to sales tax tracking, the pressure to get your numbers right builds quickly. Many ecommerce owners feel overwhelmed by tax season. They struggle with disorganized sales reports, inconsistent expense tracking, and unclear filing deadlines.
Speaker: Dylan Secrest, Founder of Alamo Innovation and Construction Digital Transformation Consultant
Construction payment workflows are notoriously complex when you consider juggling multiple stakeholders, compliance requirements, and evolving project scopes. Delays in approvals or misaligned data between budgets, lien waivers, and pay applications can grind progress to a halt. The good news? It doesn't have to be this way! Join expert Dylan Secrest to discover how leading contractors are turning payment chaos into clarity using digital workflows, integrated systems, and automation strategies.
In the ever-competitive landscape of modern finance, optimizing supplier payments isn’t just about cutting costs—it’s about unlocking strategic value. One of the most potent tools CFOs can leverage to do just that? Dynamic discounting. As finance teams face mounting pressure to increase efficiency and liquidity without compromising supplier relationships, dynamic discounting is becoming a high-impact lever.
Credit professionals operate at the nexus of financial stability, revenue growth, and organizational risk, playing a mission-critical role that is often undervalued outside their immediate function. Every decision made by credit has cascading effects across the enterprise: approving credit terms fuels sales and drives cash flow, revenue, and from a lender’s point of view, a company’s borrowing rate and capacity.
House Republicans released a spending proposal that threatens to withhold funding from the Financial Accounting Standards Board unless it withdraws its income tax reporting standard.
House Republicans released a spending proposal that threatens to withhold funding from the Financial Accounting Standards Board unless it withdraws its income tax reporting standard.
The pandemic-induced inflation of 2021 was supposed to be temporary. But years later, the Federal Reserve’s 2% target inflation rate still feels out of reach, and the cost of doing business keeps rising. This is a daily operational challenge for finance leaders. How do you plan, budget, and make confident decisions when prices won’t sit still? That question was front and center in a r ecent webinar featuring economist Anirban Basu, AvidXchange’s VP of Product Marketing Nicole Granucci, and A
Please note: This episode was recorded before changes were made to the Big Beautiful Bill, which eliminated the removal of the PCAOB. What happens when AI agents start doing your journal entries and reconciliations? Mike Whitmire, founder and CEO of Floqast, explains why accounting AI is fundamentally different from other business applications—and why auditability creates unique challenges that many companies will struggle to overcome.
In today’s margin-conscious environment, controlling working capital isn’t just about accounts receivable and payable—it’s about what’s sitting in your warehouse. One of the most overlooked levers of liquidity and operational efficiency? Days Inventory Outstanding (DIO). For CFOs focused on optimizing performance, DIO is a key metric worth monitoring.
You wouldn’t keep using a 2009 flip phone - so why settle for outdated close processes? It’s time for an upgrade. SkyStem's Guide to Month-End Close Software walks you through what today’s best tools can do (and what your team shouldn’t have to deal with anymore). Get smart, fast, and a whole lot less stressed when it’s time to close the books.
The examples show how companies can improve the reporting of uncertainties in their financial statements using climate-related examples as practical illustrations.
When it comes to real estate investing, few tax strategies offer as much value as the 1031 Like-Kind Exchange. Popular among savvy investors, this provision in the U.S. tax code allows for the deferral of capital gains taxes when one investment property is exchanged for another of a similar kind. But to fully leverage this opportunity, it’s essential to understand the rules, deadlines, and benefits associated with it.
Xero announced a partnership with Plaid that will triple the number of bank feeds available to US small businesses. This is huge for companies using community banks and credit unions who've struggled with reliable data connections. The rollout starts late 2025 and will give businesses access to over 1,000 secure, direct bank connections through Plaid's network.
Bookkeeping used to be done manually. However, with the changing times, technology has taken over. There are still many small or mid-sized companies that rely on traditional methods, but companies that want real-time data look forward to a professional way of managing accounts. Outsourcing online business bookkeeping services USA is prospering now. Many businesses are unaware of the benefits of outsourcing and thus hire an in-house team.
Speaker: Jason Chester, Director, Product Management
In today’s manufacturing landscape, staying competitive means moving beyond reactive quality checks and toward real-time, data-driven process control. But what does true manufacturing process optimization look like—and why is it more urgent now than ever? Join Jason Chester in this new, thought-provoking session on how modern manufacturers are rethinking quality operations from the ground up.
From a Press Release dated July 21, 2025, Reston, Virginia In the second quarter of 2025, the ACH Network experienced robust growth, driven largely by the continued expansion of Same Day ACH. The network processed 8.7 billion payments totaling $23.3 trillion, reflecting increases of 5% in volume and 7.9% in value compared to Q2 2024. Same Day ACH , in particular, saw strong year-over-year performance, and its usage continues to rise across sectors, including consumer, business, government, and h
QuickBooks Online remains the leading choice for small business accounting software across the US. As technology continues to evolve rapidly, Intuit consistently enhances QuickBooks Online to serve its diverse customer base better. TL;DR for smart business owners: Here’s what you need to know about the newest QuickBooks Online features that can actually make a difference.
What happens when a $2 trillion cryptocurrency market suddenly requires monthly audits? Blake and David break down the Genius Act, the new federal stablecoin legislation that just created a massive opportunity for auditors—but also potentially recreated the chaotic "wildcat banking" era of the 1800s. You'll learn why every stablecoin issuer now needs monthly attestation reports and annual audits, creating hundreds of new recurring revenue streams for accounting firms willing to take on the risk.
The accounts payable (AP) function is evolving and AI is leading the charge. As finance teams face rising invoice volumes and expectations for speed and accuracy, AI-powered automation has shifted from a futuristic concept to the most practical solution. But for finance leaders, success isn’t just about selecting the right tools, it’s about implementing the right strategy.
Keeping accurate business records is important for the success of a company. Although accounting is an important function, avoiding it casually can have a negative impact on the business in the long term. When you start your company, you can handle bookkeeping and accounting by yourself. However, when the business scales up, it becomes very difficult to manage everything.
A strong Trade Credit Agreement is essential for the protection of your company and to clarify the expectations of both parties. If everything goes well, once the Agreement is signed, both parties will begin a long and profitable business relationship. Unfortunately, in many situations, the best day of a business relationship is the day the Agreement was signed.
Amid cost pressures, more than a third of finance leaders have paused at least some capital spending and cut costs in virtually all areas except for AI.
Thomson Reuters just launched two AI-powered solutions that could be game-changers for small tax practices looking to grow their advisory services and streamline their workflow.
Nonprofits are under more pressure than ever to demonstrate financial accountability while continuing to expand their impact. Traditional budgeting models often fall short, reinforcing silos, limiting flexibility, and stalling growth. Enter collaborative budgeting: a dynamic, team-driven process that enables smarter resource allocation and builds financial resilience at scale.
CPA firms are cutting jobs while raising wages at the same time. Total employment in accounting and tax services dropped by 9,200 jobs in the past year, but average hourly pay jumped 6.1% to $43.88. The biggest cuts hit entry-level staff as AI and offshore teams in India now handle basic bookkeeping, reconciliations, and tax prep work. This looks like a permanent shift, not a temporary adjustment.
A FinOps Perspective from Asaf Liveanu, CPO at Finout The enterprise embrace of AI today feels like the Wild West—untamed, fast-moving, and filled with promise… and risk. Generative AI tools, LLM APIs, and experimentation are spreading across companies at record pace. But with that speed comes chaos: engineering teams spinning up OpenAI keys without governance, marketing testing prompts through shadow accounts, and finance teams blindsided by token-based billing spikes they never saw coming.
Publisher’s Note: Because this post is too long for some emails, you may have to click on "View entire message" to access the entire newsletter. Featured Articles Trade Credit & Liquidity Management is a reader-supported publication. To receive new posts and support our work, consider becoming a subscriber. Conversations “The only way to do great work is to love what you do.” — Steve Jobs Action Items Do you like the newsletter?
The AICPA & CIMA have published a Business Resilience Toolkit to help leaders and finance professionals cope with economic uncertainty and challenging conditions.
Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te
Preparing Dividend Vouchers for Your Singapore Business For every Singapore small business , issuing dividend vouchers for your Singapore business is an essential part of corporate compliance and record-keeping. Properly prepared dividend vouchers not only serve as official proof of dividend payments but also help your company meet legal requirements efficiently.
The upfront investment of AP automation can seem daunting for many property managers. You’ve probably already heard the benefits: fewer late payments, reduced manual work, and better oversight, to name a few. But the thought of shifting your entire team off paper and into a new system sounds like a massive undertaking. At AvidXchange, we hear this a lot.
What Is AWS Cost Management? AWS cost management is the practice of tracking, analyzing, and optimizing the expenses incurred from using Amazon Web Services. It involves understanding usage patterns across cloud infrastructure, identifying cost drivers, and making informed decisions to control spending. This includes managing compute, storage, networking, and other service-related charges that contribute to the total cloud bill.
Treasury has just 45 days to write some rules for Trump's Big Beautiful Bill. That's not much time considering how complex this stuff gets. Take the tip tax exemption - they have to define which jobs historically get tips so businesses can't game the system. Like, car dealers can't suddenly start asking for tips just to dodge taxes. By October, IRS must publish a list of jobs that "customarily and regularly" got tips before December 31, 2024.
Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i
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