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Introducing Xero Simple, a plan to support you with Making Tax Digital for Income Tax

Xero

Youll get all the great features you already love, plus new tools like invoicing, Hubdoc and MTD for IT submissions (beta, subject to registration and eligibility), all at no additional cost. This blog refers to the non-VAT version of Xero Cashbook only. Whats next? MTD for IT might still seem a long way off.

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A Practical Guide to Embracing AI in Finance – Unlocking Efficiency and Security with Accounts Payable Automation

Compleatable

Streamlining the PO Matching Process One of the most labour-intensive tasks in finance is matching purchase orders (POs) with invoices. These tools can even handle multi-page invoices and recognise variations in item names, quantities, and costs, cutting down significantly on manual workload.

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What is a Ghost Card and Does Your Company Need One? 

AvidXchange

Businesses often use these cards to handle specific types of payments, such as supplier invoices, subscriptions, or employee purchases. Cost Savings By using ghost cards, businesses can reduce the administrative costs associated with processing paper checks or manually reconciling accounts.

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15 Accounting Innovations for Every Accountant

Intuit

From categorizing expenses to reconciling accounts and forecasting trends, artificial intelligence does the heavy lifting at scale and without human error. Snap photos of receipts , check balances, send invoices, or approve expenses—all from your phone. Apps keep accountants and small business owners connected from anywhere.

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Multi-Channel Sales Accounting: How to Track Revenue Across Multiple Platforms

Counto

Regularly Reconcile Transactions Reconciling sales data with bank statements and payment processors prevents discrepancies. Steps include: Matching invoices with actual deposits Reviewing transaction reports for inconsistencies Ensuring marketplace fees and commissions are properly recorded 6.

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How SMEs in Singapore Can Use ChatGPT for Everyday Work Tasks

Counto

Ensures you stay on top of critical tasks like reconciling accounts or submitting documents for compliance. Managing Financial Communication with Clients or Vendors Clear communication with clients and vendors is crucial when discussing invoices, payments, or contracts. What should I focus on first based on deadlines and importance?

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8 Unique Ways to Use AI for Accounting Firms

Jetpack Workflow

Producing Blog Content Firms that aren’t yet comfortable employing AI-powered tools to deliver client work could consider leveraging this powerful technology for marketing and administrative tasks within their firm. Reconciling Accounts AI tools can help accountants work more efficiently.