Tue.Apr 04, 2023

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What ChatGPT and the acceleration of AI means for small business

Xero

If you ever worked with Office 97, you’ll remember Microsoft’s iconic assistant Clippy. The animated AI-based paperclip would pop up in your document and offer to help you format whatever you were working on. Clippy would analyse and structure words in your document and help you format it according to what you were working on. For example, if anything vaguely resembled a resume, you would be prompted with: “It looks like you’re writing a resume!

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Microsoft Dynamics GP End Of Life? Not Anytime Soon- Modern Lifecycle & End of Updates

Fidesic blog

(UPDATE) Microsoft has announced new customer sales of Microsoft Dynamics GP will end April 2026. So far nothing changes for existing Dynamics GP users, but beginning three years from now, there will be no new Dynamics GP sales for subscription licensing. New perpetual licensing sales end earlier, in 2025. Again, no change for existing customers. They can continue to purchase new licenses and modules beyond 2026.

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E-Document Compliance for Accounts Payable

Ascend Software blog

Accounts payable (AP) e-document compliance is a topic that has been gaining traction in recent years. As businesses continue to move towards digitalization and automation, ensuring compliance with e-document regulations is becoming increasingly important. In this article, we will explore the latest news and developments in AP e-document compliance with focus on France and Spain.

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Cash Flow, The Lifeblood of a Business

Accounting Department

Cash flow is the lifeblood of any business, and managing it properly is crucial for success. While many businesses focus on generating revenue, it's equally important to maintain positive cash flow to ensure that operations can continue smoothly. In this article, we'll discuss some cash flow best practices that businesses should consider implementing to be more successful.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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Finding community and collaboration at Intuit

Intuit

As a child of Ethiopian immigrants, I grew up in a very community-oriented culture that stressed collaboration and togetherness. I wanted that same sense of community in my career which is why during my senior year of college I was instantly drawn to Intuit’s Rotational Product Management (RPM) Program. I loved that it’s exploratory and also has a focus on growing a community for early career product managers to build their foundational skills.

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Cloud Atlas, Episode 1: The Cloud Gathers

CloudZero

Just about everything you interact with digitally is enabled by the cloud. Whether you’re doom-scrolling on Instagram, binge-watching on Netflix, ride-hailing on Uber, or downloading super-cool cloud podcasts (hint, hint) on Spotify, you’re using the cloud.

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3 Veteran pro tips for success at Directions NA 2023 - Linda Rose

Fidesic blog

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iHeartMedia and Intuit Quickbooks Launch Podcast for Small Businesses

Insightful Accountant

'Mind the Business: Small Business Success Stories' is designed to help aspiring small business owners across the country find success.

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The functions of managerial accounting

Accounting Tools

Related Courses Cost Accounting Fundamentals Managerial accounting involves collecting, analyzing, and reporting information about the operations and finances of a business. These reports are generally directed to the managers of a business, rather than to any external entities, such as shareholders or lenders. The functions of managerial accounting include the following: Margin analysis.

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Deleting Clients

Insightful Accountant

While ridding yourself of a client may be difficult to do, deleting them from QuickBooks Online-Accountant is easy.

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Predictions You Can Rely On: How Data Drives Successful Financial Forecasting

Speaker: Robbie Bhathal, Founder & CEO, and Matthew Acalin, Head of Credit Intelligence

In today's volatile financial environment, how confident are you in your company’s financial forecasting? To get the most accurate cash predictions that will lead to long-term financial survival, real-time data is critical. Innovative cash management strategies can lead to better credit opportunities, more sustainable growth, and long-term financial prosperity.

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Inventory definition

Accounting Tools

Related Courses Accounting for Inventory How to Audit Inventory What is Inventory? Inventory refers to goods ready for sale or the raw materials used to produce them. It is an essential corporate asset, since it is used to generate revenue in many industries. It also acts as a buffer, allowing for the smooth functioning of the production and order fulfillment processes.

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Benefits of Using Microsoft Dynamics GP SafePay

dynavistics

Have you ever had to deal with the headache of handling a fraudulent check drawn on your account? Wouldn't it be great if you could tell your bank exactly what checks are valid before the check is presented? Let me introduce you to Microsoft Dynamics GP SafePay. In this article, I will go over the steps that are needed to set up Microsoft Dynamics GP SafePay.

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Purchase returns definition

Accounting Tools

Related Courses How to Audit Procurement Purchasing Guidebook What is a Purchase Return? A purchase return occurs is when the buyer of merchandise , inventory , fixed assets , or other items sends these goods back to the seller. Excessive purchase returns can interfere with the profitability of a business, so they should be closely monitored. There are a number of reasons for purchase returns, such as the following: The buyer initially acquired an excessive quantity, and wants to return the rema

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Import Excel into MySQL: 4 Easy Methods

Nanonets

Managing data is an essential part of any business, and Excel and MySQL are two of the most commonly used tools for data management. However, importing Excel data into MySQL can be daunting, especially for those new to it. This article will explore four easy methods to import Excel data into MySQL. Whether a beginner or an experienced user, these methods will help you streamline your data import process and improve your data management efficiency.

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Your New & Improved Month-End Close Process Is Not So Far Out of Reach!

All accounting teams know what it is like to dread the inevitable month-end scaries. If there was a way to feel less burdened and maybe even a little enthusiastic to work on your month-end close and reconciliation process, would you do it? No, don't answer that, of course you would! Automate your month-end close process by up to 40% with SkyStem's ART and see how much more alive you feel!

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Invoice discounting definition

Accounting Tools

Related Courses Corporate Finance Treasurer's Guidebook What is Invoice Discounting? Invoice discounting is the practice of using a company's unpaid accounts receivable as collateral for a loan , which is issued by a finance company. This is an extremely short-term form of borrowing, since the finance company can alter the amount of debt outstanding as soon as the amount of accounts receivable collateral changes.

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Argus Modeling: Driving Data-Based Real Estate Decisions

Nanonets

As a commercial real estate investor or lender, accurate property valuation and potential return analyses are crucial to making profitable investments. However, with many factors to consider, such as property location, market conditions, tenant occupancy, and financing options, it can be challenging to know where to begin. This is where Argus modeling can help.

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Cloud Atlas, Episode 2: Death To The Monolith

CloudZero

For Amazon to survive, they needed the cloud. But they had to invent it — and creating the cloud meant overcoming obstacles fundamental to the nature of software development at the time.

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Digital Mailroom Automation in 2023

Nanonets

Traditional mailrooms are labor-intensive and time-consuming and, quite frankly, are becoming obsolete. Likewise, growing pressure to cut costs and adapt to hybrid and remote work models is forcing businesses to seek new ways to optimize their workflows and eliminate manual processes. With the rise of digital mailroom automation technologies, companies can streamline their mail processes, increase efficiency, and reduce costs.

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The Definitive Guide to Spend Management

The status quo for AP in small and mid-market companies is broken. It consists of messy tech stacks of siloed solutions that give rise to manual work, a lack of control, wasted spend, and unnecessary risks. The benefits of shifting to spend management are tangible, measurable, and are felt across the whole organization. Spend management is a different way of thinking and an innovation whose time has come.

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Cloud Atlas, Episode 3: The Big Bang

CloudZero

An easy way to understand what the early cloud did is to think of it like a public utility. The same way buildings depend on a common set of utilities — gas, electricity, and water — software projects depend on a common set of services: compute, storage, and database.

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What is Influence and How to Grow an Influential Brand | The Successful Bookkeeper Blog

The Successful Bookkeeper

Many people don't have a clear grasp of what having influence means. Understanding this concept could give you just the advantage you need in the market.

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Key accounting assumptions

Accounting Tools

Related Courses Accountants' Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook What are the Key Accounting Assumptions? Key accounting assumptions state how a business is organized and operates. They provide structure to how business transactions are recorded. If any of these assumptions are not true, it may be necessary to alter the financial information produced by a business and reported in its financial statements.

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App Partner Stories: Reinventing the wheel, with bite

Xero

Shark Wheel is a Southern California wheel company that is literally reinventing the wheel. They have produced a new type of a 540° sine wave-shaped wheel that outperforms the traditional wheel in almost every use – from skateboarding and roller skates through to luggage, forklift wheels and tractor tires. The latest breakthrough Shark Wheel has had is with its new farming wheel – the company has signed a major deal with Bridgestone-Firestone, the world’s largest tire manufacturer.

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Navigating Financial Storms: Strategies for Building Resilient Balance Sheets

Speaker: Carolina Aponte - Owner and CEO, Caja Holdings LLC

In today's rapidly changing business environment, building a resilient balance sheet is crucial to the survival of any business. A resilient balance sheet allows a company to withstand financial shocks and adapt to changing market conditions. To achieve this, companies need to focus on key strategies such as maintaining adequate liquidity, managing debt levels, diversifying revenue streams, and prioritizing profitability over growth.

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EOQ reorder point definition

Accounting Tools

Related Courses Inventory Management Operations Management What is the EOQ Reorder Point? The EOQ reorder point is a contraction of the term economic order quantity reorder point. It is a formula used to derive that number of units of inventory to order that represents the lowest possible total cost to the ordering entity. It essentially creates a least-cost balance between the cost of ordering inventory and the cost of holding inventory.

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NACM’s Certification Program Provides Opportunities: Member Spotlight

NACM

Many professionals seek opportunities to grow and learn through educational programs. NACM's Professional Certification Program is designed to amplify those opportunities for credit professionals."With my personality, I'm always looking for ways to better myself and better my professional career," said Graham Brockway, CBF, credit manager at Fergus.

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Indirect overhead definition

Accounting Tools

Related Courses Activity-Based Costing Cost Accounting Fundamentals What is Indirect Overhead? Indirect overhead is any overhead cost that is not part of manufacturing overhead. Thus, indirect overhead is not directly related to a company's production of goods or provision of services to customers. Examples of Indirect Overhead Examples of indirect overhead costs are as follows: Accounting, auditing, and legal expenses Administrative salaries Information technology Office expenses Postage and pr

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Extract data from medical reports - Digitizing Medical Reports

Nanonets

Medical reports are the beating heart of the healthcare industry. They provide crucial insights into patients’ health and are easily one of the essential documents in the healthcare industry. Medical reports are information banks, but extracting information from them is often challenging. And therefore, healthcare practitioners fail to utilize medical reports to their full potential.

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Putting the ‘Tech’ in Spend Management Techniques

Speaker: Wayne Spivak, President and CFO of SBA * Consulting Ltd., Industry Writer, Public Speaker

If you’re lost in the world of spend management needs and your GAP analysis is lacking perspective on the future state of your business performance, listen up! With the advancement of technology, the implementation of spend management best practices and concrete GAP analyses is more streamlined and accessible than ever before. And while this may sound like great news for you and your clients, it won’t be worthwhile unless you have the latest techniques to back up your ambitions!

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Investment definition

Accounting Tools

Related Courses Corporate Cash Management Corporate Finance Investing Guidebook What is an Investment? An investment is a payment made to acquire the securities of other entities, with the objective of earning a return. Examples are bonds , common stock , and preferred stock. It may also involve the purchase of other assets , such as a property from which rental payments can be generated.

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How To Use Excel Spreadsheets for Small Business Accounting?

Nanonets

Excel spreadsheets are one of the most powerful (and free!) tools available to small business owners. Even if you’re not a math whiz or an accounting expert, Excel allows you to keep detailed, accurate business records. You can customize Excel to the level of detail you need for your business. If you have a simple online shop or freelance business, you can use basic Excel skills in a single sheet to keep track of your income and expenses.

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Issuer definition

Accounting Tools

Related Courses Public Company Accounting and Finance Segment Reporting Essentials What is an Issuer? An issuer is an entity that offers debt securities or equity securities for sale to investors. An issuer sells securities in order to obtain funding for its operations or acquisitions. An issuer does not have to be a for-profit corporation; governments commonly issue debt securities.

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Standard hours allowed definition

Accounting Tools

Related Courses Cost Accounting Fundamentals What are Standard Hours Allowed? Standard hours allowed is the number of hours of production time that should have been used during an accounting period. It is based on the actual number of units produced, multiplied by the standard hours per unit. The concept is most commonly employed in manufacturing operations where a large number of units are to be produced, and attaining a profit requires that close attention be paid to the number of hours of pro

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Book of Secrets for the Month-End Close

Developing a consistent month-end close doesn’t need to be a mystery. We’re sharing our top 10 secrets (plus one bonus!) for streamlining your close.