January, 2022

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Do your team a favor and start delegating more

Atlassian

Subscribe to Work Life Get stories like this in your inbox Subscribe. 5-second summary. Failing to delegate can increase your risk of burnout. It also shortchanges your team by denying them opportunities for professional growth. Managers often don’t delegate because of limiting mindsets, such as “No one can live up to my standards,” or “It’s easier to do this myself.” Use the 6-step process at the bottom of this post to overcome barriers to delegation.

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AP-Boosting Best Practices: Organize For Improved Close & Audit

Ascend Software blog

AP teams are fraught with never-ending demand to close the loop on invoices, payments, and analyses.

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Optimal Efficiency From Anywhere: How To Optimize the SaaS Tech Stack for Accounting Excellence

Sage Intacct

The sudden shift to remote work took us all by surprise. Still, for accounting teams in particular, the shock of moving to a work-from-home policy meant much more than just ensuring IT provided extra monitors to employees. Before March 2020, very few accounting teams had formalized remote work policies in place. Given the nature of their work, however, many SaaS companies found themselves in a better position when word came down to pack up the desk and get ready for an indefinite period of WFH.

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How To Calculate Customer Retention Cost: The Hidden SaaS Metric

CloudZero

You may have heard that keeping an existing customer is five times cheaper than acquiring a new one. But that isn't always true. “Hidden costs” often accompany customer retention, loyalty, and increasing "share of customer".

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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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How to Integrate AP Automation into your ERP

IPS

Businesses invest lots of time and money into their legacy accounting software and enterprise resource planning (ERP) applications – the financial systems of record for the organization.

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Jan 31, Bookkeeping Checklist | Accounting Checklist

Bookkeeping Essentials

Small business accounting and bookkeeping checklist. how to package your recordkeeping information for your bookkeeper and/or accountant. ensuring your year end will go as smoothly as possible.

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How to Master your Business Tax Preparation 

Dext

Tax season is well underway. If you’re reading this, you may be a little late to the party. But this year, that’s okay. That’s because the deadline for your Self-Assessment tax return has been extended until February 28th.

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Construction Industry Challenges & Opportunities in 2022

AvidXchange

Using industry reports and data insights, we want to help you take advantage of the opportunities — and overcome the challenges — facing the construction industry in 2022. We’ve pulled together the latest market research and insights and learned this: while the market is facing shortages of skilled workers and building products, there’s a bright side.

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How To Calculate TCO On AWS: A Step-By-Step Guide

CloudZero

Organizations often assume that switching to Amazon Web Services (AWS) will automatically reduce their on-premises spending. Certainly, cloud-based services like AWS' Infrastructure-as-a-Service (IaaS) can offer significant cost savings. Yet overspending on AWS is quite common.

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Why Automate Invoice Processing?

IPS

Few finance functions are as labor- and time-intensive as processing supplier invoices.

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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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5 Reasons Why You Should Use a Project Management Tool When Doing Your Taxes

SMB Accounting and Consulting

When doing your taxes, there are a lot of things to keep track of. If you're trying to do it all yourself, it can be tough to stay organized and make sure you're including everything. Using a project management tool can help make the process easier and less overwhelming. Here are five reasons why you should use a project management tool when doing your taxes.

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4 communication styles and how to navigate them in the workplace

Atlassian

5-second summary. The DiSC personality assessment framework can help you anticipate how to communicate with your colleagues in a way that resonates with them. This model includes four personality types: dominant, influencer, conscientious, and steady. As a bonus, DiSC gives you clues as to how best to collaborate with different people in general. Understanding your teammates’ communication styles is even more important when you’re frequently using video or chat tools.

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Advice From a Recruiter: How to Land an Accounting/Tax Job You Love

accountingfly

There has never, ever been a better time to change accounting jobs. But do you know how to get to the right opportunity, maximize those opportunities, and land the job? In this webinar we will teach you how to land an Accounting/Tax job you love. Join an interview with CPA Recruiter Beth Dierker of Accountingfly , who has advised hundreds of accountants in finding new roles.

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What Does Innovation Mean to Canadian Accounting and Bookkeepers?

Dext

At Dext, our mission is to empower accounting and bookkeeping professionals to build the next generation of businesses across the globe. To do this, we provide industry insights from our community of partners on critical items that allow us to help your firm achieve long-term success.

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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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7 AWS Migration Strategies That Can Help Prevent Overspending

CloudZero

Many companies don’t know where to begin when migrating to AWS. Some worry their data will leak, while others don't know the most efficient migration strategy for AWS. Another group worries about overspending when moving to AWS.

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What is Azure Used For (is it just piles of VMs)?

Azure FinOps

I think it was physicist David Bohm who, in his book, ‘ Wholeness and the Implicate Order ‘ stated that “ good theories, unlike bad ones, are true, but only up to a certain point “ In other words, it’s possible to be right about something, but not as completely right as you may think; to dramatically condense Hegel , reality is composed of many factors, all moving in relation to each other.

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How to register for Making Tax Digital?

EasyBooks

The next step in the Making Tax Digital roadmap is almost upon us. HMRC is pressing ahead with its mandate for all remaining VAT registered businesses to submit their VAT returns via MTD compliant software from April 2022. All business owners registered for VAT should take some time to familiarise themselves with how they will meet this new requirement and spend time NOW to make sure that plans are in place in good time.

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How Jira Service Management enabled distributed work with an employee self-service tool

Atlassian

Subscribe to Work Life Get stories about tech and teams in your inbox Subscribe. Atlassian is now a distributed workforce. In 2020, with the announcement of TEAM Anywhere , we committed to a new way of working: the majority of our team members – many of whom were office-based before the pandemic – can now choose to work from anywhere. While TEAM Anywhere is a great opportunity for employees and the right decision for Atlassian, it took some time to make it a reality.

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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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How Bizarre, How Bizarre Ooh, baby – it’s (still) making me crazy!

Oversight

I loved growing up in the 80s and 90s when music was like, so much fun! If you are a member of Gen X like me, you may be singing to yourself after reading that title. But for those who have no idea what I’m talking about, go check out #howbizarre on TikTok for some good laughs.

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What Does Innovation Mean to Canadian Accounting and Bookkeepers? Part 2.

Dext

“Innovation is an initiative that has to be supported by leadership.” Read along as Sean Duffy, Senior Manager, Accounting Solutions at Elevate by Welch LLP, shares his proven strategies for building a sustainable culture of innovation that drives results. What is your organizational philosophy on innovation?

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The 10 Best AWS Migration Tools (Updated 2022)

CloudZero

Moving large amounts of data to the cloud can be arduous and time-consuming. A cloud migration would take years if engineers manually moved data from assessment through mobilization and migration phases.

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What is Azure Used For (is it just piles of VMs)?

Azure FinOps

I think it was physicist David Bohm who, in his book, ‘ Wholeness and the Implicate Order ‘ stated that “ good theories, unlike bad ones, are true, but only up to a certain point “ In other words, it’s possible to be right about something, but not as completely right as you may think; to dramatically condense Hegel , reality is composed of many factors, all moving in relation to each other.

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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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4 Technologies Powering the Future of Accounts Payable Automation

AvidXchange

A lot happens behind the scenes to power accounts payable automation. But there are four key technologies that are especially important for you to know about because of the profound improvements they can make in your finance team’s operational efficiencies. Those four technologies are application programming interfaces (APIs), machine learning, three-way matching and robotics process automation (RPA).

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4 tips to improve code quality

Atlassian

Subscribe to Work Life Get stories about tech and teams in your inbox Subscribe. AT&T, a US-based telecom company, faced a major crisis in 1990. They wanted to speed up long-distance calls, leading them to release a complex software upgrade. But this project failed, and their long-distance network faced around nine hours of downtime. The estimated costs in damage of this downtime included $60 million in long-distance charges; 200,000 lost airline reservations; and 75 million missed phone cal

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Should You File a Tax Extension?

SLC Bookkeeping

No. There was the short answer. What happens a lot of times with small businesses is that the tax extension is filed consistently year-over-year. Not only can this be more expensive than paying a tax bill outright and on time, but there can also be flags raised by potential investors or buyers of the business. In this post, we'll go through thecost of a tax extension, some of the reasons why you're filing for one, and how you can make sure you never have to file one again.

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The biggest mistakes I made in my bookkeeping business

5 Minute Bookkeeping

Starting a bookkeeping business is fulfilling, but it’s not without challenges. A lot goes into building a bookkeeping business from the ground up, and there are sure to be some missteps. The good news is that you don’t have to make the same mistakes I did. That’s why I’m sharing the biggest mistakes I made in my bookkeeping business and how you can avoid them.

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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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9 Cloud FinOps Challenges — And The Solutions To Overcome Them

CloudZero

Companies migrate to the cloud to become more productive, respond to market changes, and be flexible — while spending less on cloud infrastructure. But there is one thing that many cloud-based organizations have learned: Cloud costs add up. Fast.

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Architecture and Cost: Running the Numbers

Azure FinOps

It has become a truism ( because it’s true ) that cloud costs directly flow from architectural decisions. If, for example, you choose to build an N-tier application on Azure using virtual machines, and a database hosted on a VM, your runtime costs will be different (i.e., higher) than if you use cloud native tooling such as Azure functions and a platform ( PaaS ) database.

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2022 Healthcare Industry Trends: Heightened Cybersecurity Concerns

AvidXchange

Here at AvidXchange, we feel it’s our responsibility to help you learn about – and overcome – one of the biggest challenges facing healthcare finance pros: cybersecurity. These heightened cybersecurity concerns and threats are widespread and will be a serious situation for healthcare industry finance pros next year and beyond. Think of all the sensitive patient information that, if stolen by fraudsters, would damage the financial stability and brand reputation of the healthcare provider vi

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How to Use QuickBooks Automations to Save Time as an Advisor

XY Bean Counters

4 MIN READ Who doesn’t like saving time? When it comes to your day-to-day accounting tasks, knowing how to use QuickBooks well, including some tips and tricks, can consistently save you time and hassle. Using automations generally can be a timesaving technique (we wrote a blog about that). But there is always more to consider when thinking about automation!

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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.