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15 Accounting Innovations for Every Accountant

Intuit

Blockchain and secure e-signature tools streamline audits and reduce legal risks. Enterprise resource planning (ERP) and tax system integrations break down data silos across departments, helping firms scale while maintaining visibility into cash, revenue, and risk. This technology matters, especially for audits and compliance.

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Best DocuClipper Alternatives for Document Processing

Nanonets

The software stands out for its ability to handle even poor-quality documents while maintaining high accuracy in data extraction. AutoEntry Automated data entry for accounting No Yes Ease of use, accounting integration SMBs, accounting firms 3.8 Extracts data from receipts, invoices, and bank statements 2.

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How to Calculate Accounts Payable Automation ROI

AvidXchange

Such estimate is based on information provided and based on current market trends. Infrastructure This includes cloud storage f ees for keeping records of digital invoices, approvals , and audit trails. This can incorporate data entry, circulating invoices for approval, and issuing payments.

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Why Real-Time Bookkeeping is Essential for Modern Businesses

Less Accounting

In today’s fast-paced business environment, making informed decisions quickly is more critical than ever. Real-time bookkeeping, which provides up-to-date financial information at the click of a button, has become an indispensable tool for modern businesses.

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1099 Reporting Simplified with AP Automation 

AvidXchange

If youve kept your vendor master file up to date, you should have a W-9 on file for each supplier that includes all the information youll need to file your 1099-NEC forms. In 2024, the IRS issued guidance making it mandatory for any business filing more than 10 information returns to do so electronically. Note: AvidXchange , Inc.

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The Gen Z stare meets the AI workforce

Accounting Today

EDT 4 Min Read Facebook Twitter LinkedIn Email The accounting profession is a prime example of how AI is reshaping entry-level roles. Tasks once performed by junior staff — data entry, reconciliations, audit sampling, basic tax preparation — are increasingly automated. What is the Gen Z stare?

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9 Ways to Prepare Your CPA Firm for a Smooth Tax Season

Analytix Finance & Accounting

Challenges CPA Firms Face During Tax Season Most tax firms stay well-informed about legal updates and changes to tax saving strategies. These can include missing key information or simply inputting the incorrect number or data. Stay Informed: Monitor IRS announcements and legal updates regularly.

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