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Why Did Bench Accounting Shut Down and What Should You Do Now?

Bookkeeping Express

Steps to Take Now Retrieve Your Data: Contact Bench to retrieve any historical financial data or documentation they may still have. Avoid Proprietary General Ledgers: One of the challenges with Bench was its use of a proprietary general ledger system, making it difficult for clients to transition to other platforms.

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Qount: Pioneering the Future of Practice Management with AI-Powered Intelligence

Insightful Accountant

This AI-native solution seamlessly integrates all essential firm operations, ranging from CRM and billing to document management and client communication, into a unified, intelligent ecosystem. Document Management : Utilize a virtual drive with tax software integration for secure document exchange.

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Bookkeeping Basics for Small Business: What Every Owner Should Know

Remote Quality Bookkeeping

Familiarize Yourself With Your Bookkeeping System Businesses use two primary methods to document revenue and expenses and report to the IRS: cash basis or accrual. Good documentation is crucial for tax deductions and audits. Depending on the proper method for your company, every other bookkeeping task is affected.

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8 Unique Ways to Use AI for Accounting Firms

Jetpack Workflow

AI technology can simplify how accountants categorize expenses and update the client’s general ledger with expense data. Users can build custom checklists or customize Jetpack Workflow’s pre-built templates to streamline the collection of required tax documents and files from clients.

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Preventing Costly AP Errors: Safeguarding Profitability Through Process Precision

oAppsNet

Three-way matching also plays a crucial role in fraud prevention by ensuring that funds are not disbursed unless a verified chain of documentation supports the transaction. Reconciliations: Regularly match accounts payable (AP) with the general ledger to identify discrepancies early and ensure financial accuracy.

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Top 6 Benefits of Outsourcing Accounting Services for Your Business in 2025

Analytix Finance & Accounting

Your accounting team will track deductions throughout the year, maintain organized documentation, and implement tax planning strategies to optimize your position. When you outsource your accounting, tax preparation becomes an ongoing process rather than a stressful annual event.

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Tech news: Wolters Kluwer adds document summaries, tool directory to CCH AnswerConnect

Accounting Today

Wolters Kluwer adds document summaries, tool directory to CCH AnswerConnect Wolters Kluwer HQ Wolters Kluwer Tax and Accounting (TAA) announced a pair of new features for its CCH AnswerConnect tax research platform. It also features a secure document repository with access controls and integrations with Google Drive, Dropbox and APIs.