Fri.Jun 30, 2023

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AI can help UK small businesses grow and do more

Intuit

Intuit’s mission is to power prosperity around the world and help customers and communities overcome their most important financial challenges. Helping small businesses succeed is personal for us. In the UK, 99% of businesses are small or medium-sized enterprises (SMEs), and they account for 61% of all employment. Small businesses power local communities and are the economic engine of countries all over the world, but more than half don’t survive beyond their fifth year.

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Deadline for MP Elite 2023 submissions extended

Accounting Today

Due to extensive interest, Accounting Today is extending the deadline for submissions for its annual Managing Partner Elite list to the end of the day on Monday, July 10.

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Compleat Software and Doncaster Rovers Football Club Announce New Partnership

Compleatable

At Compleat Software we take great pride in supporting the local Doncaster community, and we are dedicated to fostering collaboration and contributing to the economic growth o f neighbouring local businesses. After several successful years of operating from our new home in the Eco-Power Stadium, we are thrilled to , once again, become an official partner of our beloved local team, the Doncaster Rovers.

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Recruit, retain, repeat: Top tips for talent

Accounting Today

With the pipeline problem on everyone's mind, here are the most important strategies and approaches firms need to take to remain competitive.

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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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What Is GCP CUD? A Beginner-Friendly Guide

CloudZero

Amazon Web Services (AWS) has Reserved Instances, Savings Plans, and Spot Instances. Microsoft’s Azure lets you purchase those as Reservations, Savings Plans, and Spot Instances. On Google Cloud Platform (GCP), these long-term usage incentives have a slightly different name: Committed Use Discounts (CUDs).

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New guidance on tax credits for clean energy projects

Accounting Today

The service posted a fact sheet Friday on tax credits for renewable energy projects under the Inflation Reduction Act.

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5 key challenges with RPA

Accounting Today

Robotic process automation carries many rewards, but a recent study has identified a handful of key risks that professionals must account for.

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To Receive or Not To Receive: Inventory Management and Three-Way Matching

NextProcess

Every company needs a way to handle procurement. Whether your company is a small business ordering printer paper and ink, a manufacturer relying on the purchase of materials and parts to do business, or a multi-national corporation handling everything from utility payments to capital purchases, a good procurement process helps you control the purchasing that happens in your company.

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The Best Email Parser in 2023

Nanonets

Your business email inbox is much more than just unread emails and attachments — it's a treasure trove of data. Data that needs to be manually extracted and sent to a particular business software. Businesses receive a ton of emails every day with invoices, receipts, quotes, leads, contact information, order confirmations, delivery updates and more.

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ChatGPT scores 90% on debits & credits test

Blake Oliver

We are very very close to the point where AI can. 1. Review the P&L and all its entries, supplier names and attached invoice details 2. Consider both the tax and accounting implications of each transaction based on its knowledge of (say) tax deductibility and normal coding 3. Compare expenses to previous periods 4. Flag any entry it considers may be incorrectly coded, or may require adjustment for tax purposes 5.

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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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Key Features and Functionality of Microsoft Dynamics GP for Accounts Payable Management

Outsourced Bookeeping

Businesses need a strong and dependable software solution to streamline their procedures and guarantee correct financial transactions when it comes to efficient and effective accounts payable administration. With a broad array of tools and features created especially for accounts payable administration, Microsoft Dynamics GP stands out as a key competitor in the space.

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How many accountants are witch doctors? Or is it AI now?

Accounting Fun

In a 1964 speech the British law lord, Lord Justice Harman, is reported to have told an audience: ‘Accountants are the witch doctors of the modern world and willing to turn their hands to any kind of magic.’ There was a time when this same quote appeared on the websites of dozens of firms of accountants. Maybe we should adopt an amended version of the quote: ‘AI systems are the witch doctors of the modern world and able to turn their hands to any kind of magic.

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Supplier Portal

Tipalti

A supplier portal streamlines your business operations and improves supplier communication. Learn about supplier portals and how to choose the best one for you.

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Building a Culture of Trust in the Workplace

NACM

☀ We made it to Friday! Spend your morning catching up on the latest episode of Extra Credit!? This week we talked with Mike Hill, CCE; Amy Cook CCE; and Jennifer Seurer CCE, CICP about building a culture of trust in the workplace.

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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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EDI 820

Tipalti

Understand the value of electronic data interchange (EDI) 820 and the business benefits of using it to process payments and generate remittance advice.

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