Tue.Aug 22, 2023

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Xero Beautiful Business Fund applications open for small business customers

Xero

Today marks day one of Xerocon Sydney and I’m so excited to share more details on a global initiative called the Xero Beautiful Business Fund. Last month on Xero Day, the anniversary of the day where it all started for us 17 years ago, we announced the Xero Beautiful Business Fund as a way to help our small business customers boost their growth plans and drive future success.

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28% of accountants say work is harming mental health

Accounting Today

Jobs are adversely affecting the wellbeing of many accounting professionals.

professionals

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How small businesses are navigating AI

Xero

The hype around artificial intelligence (AI) is making small businesses feel that its development and adoption is moving at lightning speed. In fact, our new research shows that 80% of small business owners globally are concerned that the fast pace and nature of AI is leaving regulation in the dust. They told us they want governments to do more, given the potential big impact to industries and the workforce.

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Top taxes: Which types of tax bring in the most money

Accounting Today

The top three types had an average increase in gross collections of 39.86% between 2021 and 2022.

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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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Product wrap from Xerocon Sydney 2023

Xero

We’ve just wrapped up day one of Xerocon, and it didn’t disappoint! The vibe and atmosphere in Sydney has been fantastic. Our leadership team — including new Chief Product Officer, Diya Jolly — shared the latest enhancements to our platform that will help accountants and bookkeepers grow their practice, help their clients succeed, and get the most out of Xero.

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New SEC cybersecurity rules mean work for accountants

Accounting Today

New cybersecurity disclosure rules will encourage companies to formalize and standardize their IT security practices — and their accountants will help.

More Trending

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Inflation drives up wages across accounting profession

Accounting Today

Nearly half of respondents plan to change jobs in the next year, and 71% intend to move on within two years.

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How Outsourced Client Accounting Services Support Expansion Strategies

Accounting Department

In the pursuit of business growth and expansion, establishing a strong and effective financial management system becomes imperative. This encompasses precise record-keeping, timely reporting, and adherence to regulatory obligations. To effectively navigate growth and focus on core business activities, many organizations are turning to outsourced client accounting services.

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Offering virtual CFO services in cannabis

Accounting Today

For CFOs with passion for the industry and who are willing to buckle up for the long haul, the cannabis niche has plenty of potential.

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Fidesic Features Highlight: Power Reporting

Fidesic blog

Fidesic Power Reporting makes it easy to run custom reports, lookup individual transactions with ease and always be ready for an accounts payable audit at any time.

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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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Recession and hiring concerns ease among execs

Accounting Today

Only 17% of executives now anticipate a recession, according to a survey released Tuesday by PricewaterhouseCoopers, and 74% believe they can attract and retain the talent they need.

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MLOps maturity levels: the most well-known models

FinOps in Practice

Like most IT processes, MLOps has maturity levels. They help companies understand where they are in the development process and what needs to be changed in their ML approaches to move to the next level (if that is their goal). Using commonly accepted maturity level methodologies also allows companies to determine their place among competitors. Google Model Google has its own model of MLOps maturity levels.

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Getting your old documents in order for analysis and audits

Accounting Today

You got your taxes filed by the skin of your teeth last year and before. But what if you're audited? What if you need a loan? Are you ready?

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Connecting AppSource Marketplace Offers to HubSpot (August 2023)

Fidesic blog

There is an existing HubSpot connector on the Power Automate Connector list; however, this version does not yet support the scope changes to HubSpot's API.

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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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SALT Scoreboard: Taxpayers win in half of recent cases

Accounting Today

That's an improvement over the first quarter, where they lost twice as many as they won.

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11 Ways for High Earners to Reduce Taxable Income [2023]

Outsourced Bookeeping

Various taxes come with higher earnings. This aspect is the primary concern of every working individual. Heavy taxes are imposed on high-earning working professions which burn away through the final income generated. There are dozens of taxes in 2023 that are imposed on high-income earners. Therefore, every working professional requires specialized assistance to save significant finances otherwise catered to tax payments.

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Finance pros are confident AI won't replace them, but may replace others

Accounting Today

Most accountants and financial professionals think AI will make their individual skills even more highly valued, but many feel it will be the doom of their profession.

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Unlocking Financial Agility: The Power of Instant Payments for Small Business Bookkeepers

The Successful Bookkeeper

It’s not just about crunching numbers and tracking expenses. For bookkeepers, it means being there for their clients by understanding the landscape of the industries, adapting financial agility, and advising ways to improve efficient cash flow. Introducing modern technology solutions like instant payments can give bookkeepers an edge in enhancing financial success for their clients.

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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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Eide Bailly to merge in Bessolo Haworth

Accounting Today

The Top 20 Firm is expanding its reach in California and Washington State by adding a firm with offices in the Los Angeles, San Francisco and Seattle areas

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Get paid almost instantly with FedNow

Reconciled Solutions

The FedNow Service (an instant payment infrastructure developed by the Federal Reserve) went live on July 20, 2023. It allows US financial institutions to provide safe and quick (think “seconds”) payment services. The post Get paid almost instantly with FedNow appeared first on Reconciled Solutions.

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Quickbooks Multi-Currency

Tipalti

Learn the ins and outs of Quickbooks’ Multi-Currency features and how to get more out of your global payables with Quickbooks integration add-ons.

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What You Should Know About the Chart of Accounts in QuickBooks Online

Reconciled Solutions

The Chart of Accounts works in the background as a critical element of QuickBooks Online. Keep reading to understand its role. There are still many. The post What You Should Know About the Chart of Accounts in QuickBooks Online appeared first on Reconciled Solutions.

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How to Modernize Manufacturing Without Losing Control

Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives

Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri

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Why AI Will Have Transformational Impact on Professionals

Insightful Accountant

According to the newly released Thomson Reuters 'Future of Professionals Report,' AI will have a 'transformational impact' on Professionals' work by 2028.

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Embracing Freedom: How to experience the world while running your business

Reconciled Solutions

Work from anywhere and embark on a journey that transforms the way you experience both your professional and personal life. The post Embracing Freedom: How to experience the world while running your business appeared first on Reconciled Solutions.

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Intuit Innovation Day: September 6 2023

Insightful Accountant

Intuit will unveil how it is harnessing the power of generative AI at a special virtual event on Sept. 6, 2023.

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Time Management and Self Care for Entrepreneurs

Reconciled Solutions

Angie shares why she loves the Clockwork System by Mike Michalowicz, and how it's made it possible for her to TAKE ONE MONTH OFF over the summer and still keep things working the way they should. The post Time Management and Self Care for Entrepreneurs appeared first on Reconciled Solutions.

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Protect What Matters: Rethinking Finance Ops In A Digital World

Speaker: Cheryl J. Muldrew-McMurtry

Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.

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Excel Automation: Transforming Spreadsheets into Super Tools

Nanonets

In data-driven business operations, the significance of effective data management and analysis cannot be overstated. Excel, a legacy software tool, has long been the cornerstone of such endeavors, offering robust capabilities for data manipulation and presentation. Nevertheless, as operational intricacies escalate and data volumes surge, the limitations of manual data handling become increasingly pronounced.

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Soft Landing or Hard Fall? Assessing Recession Risks with Liz Wilke

Blake Oliver

Ever feel like you’re sailing in the fog when it comes to today’s economy? I know I do sometimes. Recession fears pop up, then disappear. Talent feels scarce. And business lending gets harder as rates rise. To help cut through the economic uncertainty, I recently spoke with Gusto’s Chief Economist, Liz Wilke, PhD , on my podcast. Liz brings a nuanced, data-driven approach to analyzing our economic outlook.

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21+ Stunning FinOps Statistics You Need To Read

CloudZero

A recent report found that managing cloud costs, alongside resource usage, is the most pressing cloud management challenge for the fifth straight year. This makes sense, considering respondents said a staggering 32% of their cloud budget went to waste in 2022 alone.

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AI Will Have Transformational Impact on Professionals

Insightful Accountant

According to the newly released Thomson Reuters 'Future of Professionals Report,' AI will have a 'transformational impact' on Professionals' work by 2028.

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How to Set Better OKRs and Drive Results

Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.