Tue.Aug 22, 2023

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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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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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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.

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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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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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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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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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More Trending

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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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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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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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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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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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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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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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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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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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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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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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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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28% of accountants say work is harming mental health

Accounting Today

Jobs are adversely affecting the wellbeing of many accounting professionals.

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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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Member Spotlight: Determination, Drive and Designations

NACM

What better way to advance your professional skills and education in credit than to earn a designation? Designations are not just three letters at the end of your name. They show the dedication, time and commitment you put in to enhance your career. NACM's Professional Certification Program not only gives credit professionals the opportunity to lea.

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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.