Tue.Jan 31, 2023

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Latest product news — February 2023

Xero

It’s time to switch to new reports If you haven’t made the switch to new reports, we urge you to start moving your work across now , so you have plenty of time to get used to them before the older versions are retired. Here are the latest features we’ve introduced to new reports: The current column in Aged reports is now automatically hidden when it’s not needed (such as when ageing by invoice date) or if it’s empty You can now run aged reports at the end of the current month by default, instead

XERO 264
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It's 1099 Season at ADC!

Accounting Department

It is that time of the year again, tax season. Many businesses dread this time of the year - it's tough. But thankfully not as tough when you have the unrivaled support of AccountingDepartment.com. "1099 Season" spans from the beginning of the year until January 31st, and during this time, the team at AccountingDepartment.com is hard at work to prepare and review over 6,000 1099's for our clients.

Tax 246
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MHH Practice boosts efficiency with new invoicing

Xero

Accounting has changed dramatically over the last few years. Automation, digital transformation and the acceleration of the cloud have all played an important role in shaping it. But amongst all of this change, one thing remains constant: businesses need to get paid, explains Hayden Watson, Director of UK-based accountancy firm, MHH Practice. Using technology to manage invoicing is one way to help businesses get paid on time, which may explain why invoicing remains one of our most loved feature

Invoicing 246
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Cloud Cost Optimization 2.0: Embracing AI and Automation to Maximize Cloud Cost Savings

ProsperOps

By 2025, 51% of IT budgets will go to cloud-based systems and operations. But, as cloud adoption increases, so does the cost of doing business. As more cloud services are introduced, along with serverless and microservice-based architectures, measuring cloud costs is both complex and unpredictable. That’s where cloud cost optimization comes into play.

FinOps 130
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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

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AvidXchange Bolsters Leadership Team

Insightful Accountant

The company made several moves to drive its organizational agility and operational synergies, including naming Dan Drees as President and James Sutton as Chief Revenue Officer.

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Financial Consolidation Guide for Multi-Entity SaaS Companies

Sage Intacct

External demands for a faster financial consolidation process are regularly placed on SaaS accounting departments. SaaS companies with multiple locations, subsidiaries, or operations, means that each entity will have its own chart of accounts, and more than likely has its own individual bank accounts, jurisdictions, and perhaps tax structures. When dealing with disparate entities, risk and error goes up, while financial accuracy goes down – stressing the importance of having a centralized system

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Podcast - The secret to healthy business growth

finout

The Modern CTO is talking with our CEO and Co-Founder, Roi Rabhon, about how young people can think creatively out of problems into new solutions; Roi’s workplace culture that allows for entrepreneurs to be born out of the company; and why “growing healthy” in business is a result of proper KPI alignment.

FinOps 59
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Top 7 Ways Small Businesses Overspend

Nolan Accounting Center

Small business owners have a lot of things to deal with and, even with a great business idea and solid business plan, it’s easy to lose track of finances and overspend. However, if you are not aware of what you have coming in versus what you have going out, your business is likely to suffer. Unfortunately, in most cases, owners are unaware of the problem until it’s too late.

Payroll 52
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4 Bookkeeping Practices That Must Be Never Ignored

Outsourced Bookeeping

Being a remote accounting firm that specializes in bookkeeping services we regularly work with businesses that need to optimize their bookkeeping functions for better performance. In 100+ cases we have worked on so far, there tends to be a few common mistakes which when prevented could have saved hundreds of working man-hours and dollar. Any small business can prevent these mistakes by adopting a few best practices and with inputs form our accounting experts at Outsourced Bookkeeping we have ide

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Financial Consolidation Guide for Multi-Entity SaaS Companies

Sage Intacct

External demands for a faster financial consolidation process are regularly placed on SaaS accounting departments. SaaS companies with multiple locations, subsidiaries, or operations, means that each entity will have its own chart of accounts, and more than likely has its own individual bank accounts, jurisdictions, and perhaps tax structures. When dealing with disparate entities, risk and error goes up, while financial accuracy goes down – stressing the importance of having a centralized system

Tax 52
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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

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4 Bookkeeping Practices That Must Be Never Ignored

Outsourced Bookeeping

Being a remote accounting firm that specializes in bookkeeping services we regularly work with businesses that need to optimize their bookkeeping functions for better performance. In 100+ cases we have worked on so far, there tends to be a few common mistakes which when prevented could have saved hundreds of working man-hours and dollar. Any small business can prevent these mistakes by adopting a few best practices and with inputs form our accounting experts at Outsourced Bookkeeping we have ide

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Top 7 Ways Small Businesses Overspend

Nolan Accounting Center

Small business owners have a lot of things to deal with and, even with a great business idea and solid business plan, it’s easy to lose track of finances and overspend. However, if you are not aware of what you have coming in versus what you have going out, your business is likely to suffer. Unfortunately, in most cases, owners are unaware of the problem until it’s too late.

Payroll 52
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Use AI To Fire Clients

Blake Oliver

AI can do the dirty work of accounting firm owners! In Episode 315 of the Cloud Accounting Podcast, I asked ChatGPT to fire David Leary as a client. Why? Because he insists on composing all his emails with ALL CAPS ALL THE TIME. The perfect sort of client to fire with AI. ChatGPT wrote a nice email, but it thought David was a vendor, not a client. When prompted, it quickly corrected the error.

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Manage Your Complex Financial Ecosystem with Invoice Automation Software

Billing Platform

Has the manual effort of the invoicing process turned into daunting tasks that are resulting in errors and revenue loss? If so, you’re not alone. According to research, conducted by Levvel Research , 50% of businesses regardless of size (SME, mid-market, enterprises) have yet to automate their accounts payable (AP) processes. The research further concluded that the most common pain points for organizations are manual data entry (71%), manual routing of invoices for approval (61%), and lost or mi

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Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.

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From Avoidance to Expertise: Five Key Aspects of Mastering Sales | The Successful Bookkeeper Blog

The Successful Bookkeeper

Do you see sales as a necessary evil in your business? Instead of shying away from it, you can become a master at sales and use that knowledge to grow your business.

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Organizational Structures for All Sizes of Accounting Firms

Jetpack Workflow

Looking for inspiration on how you should structure your accounting practice as your firm grows? A well-defined organizational structure helps ensure your firm completes tasks efficiently and effectively and delivers the highest quality services to your clients. Choosing the most suitable business structure can vary depending on your firm’s size and long-term goals.

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How To Buy An Accounting Firm

Earmark Accounting Podcast

Sign up to get free CPE for listening to this podcast [link] Download the Earmark CPE App Apple: [link] Android: [link] Connect with Michael on LinkedIn: [link] Learn more about Reconciled: [link] Connect with Blake Oliver, CPA LinkedIn: [link] Twitter: [link] Michael Ly, founder and CEO of Reconciled, shares his advice for accountants, CPAs, and fellow entrepreneurs who are interested in purchasing a firm, based on his own experience as a buyer in three deals so far.

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ADP @ QuickBooks Connect 2022

Insightful Accountant

See why ADP not only has resources for your clients' payroll and HR needs, but also to make you a better advisor.

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8 Pillars of Leadership Development

Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.

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Streamline Your Epic Claims Management Process with SSI Integrations

SSI Healthcare Rev Cycle Solutions

Streamline Your Epic Claims Management Process with SSI Integrations [On-Demand Webinar] The SSI Group, LLC (SSI) invites all hospitals and health systems that run Epic as their HIS to watch this on-demand webinar specifically tailored to highlight the available integrations between our systems. In pursuing a frictionless revenue cycle, the ability to work medical claims directly within your Epic system is vital.

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Ignition @ QuickBooks Connect 2022

Insightful Accountant

See how Ignition makes it simple to sell, invoice and get paid for your services—all in one place.

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Meet Top 100 ProAdvisor Natalie Browne

Insightful Accountant

Our spotlight of the Insightful Accountant 2022 Top 100 ProAdvisors continues with adding technology founder and Certified QuickBooks ProAdvisor Natalie Browne.