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Many businesses underestimate the importance of their accounts receivable (A/R) process, assuming they’ll “get paid eventually.” This mindset often leads to underinvestment in collections efforts, and when budget cuts are necessary, accounting departments like collections are typically the first affected.
And this year, we’re proud to have filled our exhibitor floor with some of the best and most loved apps for accountants, bookkeepers and small business owners alike. We’re especially proud to introduce our seven event partners for this year’s Xerocon Nashville.
The company demonstrated the products at an event in New York this week. The AI agents include: Accounting Agent: Automates bookkeeping and transaction categorization, and helps with reconciliation of the books. All rights reserved. The AI agents will also work alongside human experts at Intuit to give businesses extra support.
Xerocon Sydney is just weeks away on 23 and 24 August, and the ICC exhibitor floor will be full to the brim with some of the best and most loved apps, tools and services for accountants, bookkeepers and small businesses. This year, you can expect to see 80+ exhibitors at the event, including more than 70 leading Xero App Store app partners.
When you’re at Xerocon Sydney on 7 and 8 September, please take the chance to find out about some of the best and most loved apps, tools and services from across the accounting and small business industries. Here’s more about our Xerocon Sydney 2022 event partners. Directly from your customer’s account to yours. GoCardless.
Xerocon New Orleans is a unique opportunity to hear about the latest news and updates in the Xero community, get inspired by world-class keynote speakers, and connect with powerful apps, tools and services providers from across the accounting and small business industries. Morial Convention Center. GoCardless. See you there!
Managing accounts receivable can be challenging, but having a structured approach to writing collection reminders can make a significant difference. 2) Take a proactive approach A/R and financial teams tend to send payment reminders too late, when the account is already past due or if they are in immediate need for cash.
It’s also a chance to find out more about some of the powerful apps, tools and services from across the accounting and small business industries. If you’re joining us, take a look at our Xerocon London 2022 event partners, and make sure you add them to your list of must-meets on the 20th and 21st of July at Tobacco Dock in London.
With accounting talent in short supply, many firms are paying a premium for external hires instead of promoting their internal talent. My firms compensation data, collected in 2024 and 2025, shows that accounting firms paid 7% more to bring in outside senior analysts in tax and audit than they paid internal staff in the same positions.
After an IRS audit in 2016 assessed a federal tax debt totaling some $1 million, Archer concealed and transferred assets through two LLCs he controlled and began using third-party bank accounts to evade paying the tax debt. All rights reserved. In March 2019, Archer filed for Chapter 7. In March 2019, Archer filed for Chapter 7.
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Most areas have networking events for entrepreneurs or industry-specific meetups you can attend. Show up at these events, shake hands, and make connections. This is a good way to build excitement, test demand, and collect contact information like email addresses or phone numbers. Lean on the knowledge of experts with this step.
The Credit and Collections function plays a major role in your company’s ability to generate the liquidity and working capital needed to meet its sales and financial objectives. These accounts will provide the greatest sales growth and profit potential. This requires an efficient accounting or collection software platform.
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In 2012, the IRS assessed nearly $800,000 in taxes against Whitman for 2002 through 2009 and began trying to collect. In response, Whitman formed a trust with his girlfriend as the trustee then directed his income from the business into the trusts bank accounts and used the money to pay personal expenses. All rights reserved.
For example, by automating the collection and organization of financial data, an algorithm can generate trial balances and flag high-risk transactions for further review. All rights reserved. Algorithms can facilitate the downloading of client financial data, preparation of a trial balance, and risk analysis through prior-year comparisons.
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The financial industry is experiencing a technological transformation that is reshaping accounts receivable management. These advanced technologies are now seamlessly integrated into accounts receivable reporting software, playing a crucial role in optimizing A/R processes, boosting efficiency, and improving overall cash flow for businesses.
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Consisting of a series of steps, the accounts receivable process refers to the money owed to a business for the purchase and delivery of goods or services. Accounts receivable (AR) provides the critical link between making the sale and receiving payment. If the internal review of the invoice checks out, the collections outreach begins.
For example, when you share bank account information that enables your customers to make ACH payments to your company, it can also be exposed in the event of a customer’s data breach. For a small or medium business (SMB), a single event could completely drain all the company’s finances.
Credit Decisions Can Make or Break Your Cash Flow According to Dun & Bradstreet, poor credit decisions account for over 30% of the bad debt incurred by B2B companies. Manual data collection : Chasing documents, verifying references, and running credit checks consumes valuable time. It’s time to fix that. Different data.
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This is especially true when it comes to scaling collections. In the past, this was done by hiring more team members to manage ERP dunning emails or collections calls. But now, there is more data available that can be used to streamline and improve A/R collections management. What are ERP Dunning Emails? Simple automation.
This is especially true when it comes to scaling collections. In the past, this was done by hiring more team members to manage ERP dunning emails or collections calls. But now, there is more data available that can be used to streamline and improve A/R collections management. What are ERP Dunning Emails? Simple automation.
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