May, 2023

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3 Real-world Steps for Improving AP Efficiency

Fidesic blog

As back-office processes like accounts payable are evolving to become more of a value driver in a data-driven world, a sluggish accounts payable process is a serious handicap for any business. Whether you are just getting started in a new business or looking to enhance an aging process, this post will help you think about how to create a more efficient AP process.

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The Average Cost of Processing a Purchase Order: A Detailed Analysis

Ascend Software blog

In the world of business, understanding your expenditures is crucial. One of the costs that can often fly under the radar is the price of processing a purchase order (PO). While it might seem like a negligible expense, it's important to remember that small costs add up, especially when you're dealing with a high volume of orders. In this blog post, we'll break down the average cost of processing a purchase order and discuss strategies for reducing it.

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Every Payment Is A Conversation #ExpensiCon

Cloud Accounting Podcast

We're back from ExpensiCon in Italy with thoughts on Expensify's future and the future of spend management; a report from Kristen Keats at Accounting Today's Firm Growth Forum conference; ChatGPT coming soon to a Wendy's drive-thru near you! Sponsors CCH Access - [link] SuiteFiles - [link] Client Hub - [link] Chapters (00:25) - Every Payment Is A Conversation (01:11) - Blake and David are back from Italy (05:01) - Let’s talk about ExpensiCon (10:09) - The original Expensify and ExpensiCon (12:36

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Meet the new faces of Australia’s XPAC

Xero

Xero wouldn’t be where it is today without the support of our partner community, and that includes our Xero Partner Advisory Council (XPAC). That’s why we’re thrilled to announce our latest XPAC cohort for Australia. The XPAC team is a group of experts connecting Xero to the community and industry alike. They both challenge and champion the needs of the accounting and bookkeeping sector by engaging in open discussion, sharing industry insights, and providing actionable feedback.

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If It Ain't Broke, Don’t Fix It: A Dangerous Mindset

Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be

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Building Inclusion: The bright side of mental health

Intuit

Intuit products are more than web, desktop, and mobile applications. We build the products that enable people to live independent lives. They manage their finances, start businesses, hire employees, and develop their careers. We’re also committed to making sure they feel safe, accepted, and understood in the process. As global co-leader of our employee resource group the Intuit Abilities Network, Lou Shelley is on a mission to create a stigma free environment where our workers bring their true s

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It's Summertime at AccountingDepartment.com!

Accounting Department

It's summertime at AccountingDepartment.com and we have all sorts of fun things happening! To kick off the summer season this past Memorial Day weekend, we launched our 12th annual ADC Summer Challenge.

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Streamlining Accounts Payable with Automated AP Workflow Solutions

Ascend Software blog

Accounts payable departments are an essential part of any organization, ensuring that suppliers and vendors are paid accurately and on time. However, the traditional paper-based invoice processing method is prone to errors, delays, and high costs, making it inefficient and time-consuming. Fortunately, advancements in technology have led to the development of automated AP workflow solutions that can streamline the accounts payable process and eliminate the need for manual intervention.

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Zamp Launches End-to-End Sales Tax Solution for Online Sellers

Insightful Accountant

Zamp's team includes former state auditors, sales tax experts, research specialists and first employees of Stripe-acquired TaxJar & Vista-acquired Avalara.

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Highlights from this year’s Xerocon Sydney agenda

Xero

In just a few months, we’re heading back to Sydney’s iconic Darling Harbour for Xerocon 2023! On 23 and 24 August, we’re bringing our partner community together from across the globe for two inspiring days. So what can you expect? As the world’s most beautiful and innovative conference for cloud accounting leaders, this is your opportunity to see world-class speakers and entertainers, hear thought-provoking updates from Xero’s leadership team, and take home practical learnings from the Xero show

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Scaling the Adopt a Small Business program

Intuit

Customer obsession has always been one of Intuit’s core values. While Intuit prides itself on creating innovative products and services, our touchpoints leave us with a partial view of the real-life challenges small businesses face. In April 2019, the Adopt a Small Business program began. In this program, small groups of Intuit employees volunteer to adopt a QuickBooks and/or Mailchimp customer for two months, getting to know the ups and downs of running a small business while using our products

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Business Travel Expense Strategies for Everybody

Global business travel is surging, with companies spending as much as or more than they did before the pandemic. This trend is expected to continue, with more growth on the horizon. The types of travelers are also changing, with millennials and Gen Zers taking on the majority of the load. Business travel is evolving, and younger generations expect less hassle, even though there are more ways to book and pay for travel than ever before.

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4 Essential Tools That Can Set A Business Up To Scale

Accounting Department

In today's fast-paced business environment, organizations must leverage the right tools and technologies to stay competitive and achieve sustained success. Efficient management of enterprise resources is critical for smooth operations and growth.

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The Role of Technology in Modern Bookkeeping

LedgerDocs

Gone are the days of manually recording financial transactions in ledgers and spreadsheets. With the latest technology, bookkeeping has become significantly easier and more efficient. One of the most significant benefits of technology in bookkeeping is the ability to automate processes. The software can automatically record transactions, generate invoices, and create financial reports.

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Maximizing Your Return: Calculating the ROI of AP Automation

Ascend Software blog

For businesses that rely on manual invoice and payment processing, the cost savings and efficiency gains of implementing an automation solution can be significant. By automating AP processes, companies can reduce time spent on manual processing and processing costs, while improving accuracy and reducing the risk of errors.

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Your Guide to Writing Guest Pieces

Insightful Accountant

In today's business landscape, being a thought leader is everything. Otter PR's Amanda Reseburg spins you through some of the fine points of honing your content writing craft.

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4 Things Great Companies Do to Improve Cash Flow

Speaker: Indy Chakrabarti, Chief Marketing Officer at HighRadius

4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor

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Your comprehensive guide to preparing for the retirement of old reports

Xero

There’s now a little over two months to go before old reports in Xero are retired. Over the past year, we’ve been encouraging you to make the switch, with lots of education, support and advice from other small business owners and their advisors. If you’ve waited until now to start using new reports, you’ll have less time to make the switch. We urge you to start focusing on this, to avoid any disruption to your workflows.

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Providing technology to empower students

Intuit

What was the most impactful thing you learned in high school? For students at the Marvin E. Robinson School of Business and Management (SBM), that answer changes weekly. With a curriculum designed around business education, this Dallas, Texas high school is on a mission to create the next wave of executives and entrepreneurs. As a participant in our Prosperity Hub School District program with a thriving media department, we were honored to donate a sound-proof recording booth to the students and

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Recognizing Our Military Spouses - Happy MilSpouse Appreciation Day!

Accounting Department

Our AccountingDepartment.com family is proud of its vibrant and diverse “cast of characters”—we span the country with our team members coming from all backgrounds and personalities. Included among our team are some amazing Military Spouses whose hard work, dedication, and contributions are part of what makes our family so strong—and theirs as well.

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What Can Canadian Accountants Learn from the Silicon Valley Bank Failure

Plooto

The failure of Silicon Valley Bank (SVB) triggered a global financial tsunami, stunning multiple industries and institutions and shaking the confidence of both businesses and consumers.

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The Financial Leaders Playbook: How To Deliver Insight, Oversight, And Foresight

Speaker: Chandra McCormack, CPA, MBA, NACD.DC

Imagine being a financial leader who not only ensures the books are balanced but also shapes the future of your organization. 🤔 ✨ This session will take you beyond the routine reporting and into the realm of strategic financial leadership. We’ll explore how today’s finance professionals can juggle the day-to-day operations while also delivering the long term vision that drives growth.

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Glossary: Accounts Payable

Ascend Software blog

As a critical function of any business, Accounts Payable (AP) is responsible for managing the company's financial obligations to its vendors, suppliers, and creditors. Whether you are a seasoned accounting professional or a new entrant into the field, understanding the terminology associated with AP is essential. We have compiled a comprehensive glossary of Accounts Payable terms to help you navigate this critical area of business finance.

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Custom Workflows Enhanced in QBO-Advanced

Insightful Accountant

Intuit has significantly enhanced the custom workflow feature within QuickBooks Online Advanced. Murph shows why the new workflows are easier and better than ever.

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Xero’s FY 2023 financial results

Xero

Today we announced Xero’s full year financial and operating results to 31 March 2023 (FY23). Having started my journey as Xero’s CEO in February this year, I’m pleased to share our strong FY23 operating results, and I’m deeply excited about our opportunity to help power the global small business economy. Our results demonstrate Xero’s resilience in a complex macroeconomic environment, our valuable customer proposition, our increasing efficiency, and commitment to even more disciplined, customer

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Customize your career journey at Intuit

Intuit

Senior software engineer, Atia Hashimi, joined Intuit in 2019. While pursuing a master’s degree, she started working with Android applications and fell in love with mobile app development. Now, as a member of the QuickBooks Live Mobile team, she’s leading and driving tech initiatives. What did your life look like prior to joining Intuit? I was born in Afghanistan.

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How to Select the Perfect Payments Partner: 7 Keys for Sustainable Growth

Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms

Join Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms for an informational webinar about how to select the ideal payments provider for your platform! This session highlights the 7 key criteria for assessing payments partners and maximizing the value of your investment. From evaluating technology and business development programs to understanding support and compliance, this webinar will equip you with a comprehensive evaluation framework and strategy for

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Unlock Maximum E-Commerce Profits With These 6 Tips on Accounting for Amazon Product Rebates

Accounting Department

A product rebate on Amazon is a type of promotion offered by manufacturers or sellers to incentivize customers to purchase their products. It typically involves offering a partial refund or discount on the purchase price of the product, either at the time of purchase or after the purchase has been made.

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Accounting Technologies: The 2023 Annual Guide

Future Firm

Here is my complete guide to emerging accounting technologies for 2023. In this guide, you’ll learn about the top accounting technology in the profession along with some tips and tricks on how to leverage them. So if you’re looking to leverage software to automate your accounting work, you’ll love this guide. Let’s go! Table of Contents Cloud Computing Artificial Intelligence & Machine Learning Optical Character Recognition Robotic Process Automation Blockchain Big Data The Metaverse Mobile

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Unleashing Cost Savings with AP Automation: A Comprehensive Guide

Ascend Software blog

Accounts Payable (AP) automation is revolutionizing the way businesses manage their invoice and payment processes. By replacing manual tasks with automated systems, AP automation can generate significant cost savings and efficiency improvements. But what do these savings look like in real terms? This blog post delves into the research and survey data to provide a comprehensive picture of the cost benefits of AP automation.

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Synder Helping Sharpen Online, Digital Payment Expertise

Insightful Accountant

The Synder SYNC partner program will help provide resources and education opportunities geared toward taking advantage of new revenue opportunities in the fast-growing landscape.

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Pricing for Profit: How to Set, Negotiate, and Succeed

Speaker: Igli Laci, Strategic Finance Leader

In today’s competitive market, pricing is more than just a number — it’s the cornerstone of profitability. The right pricing strategy ensures that you capture the true value of your offering, paving the way for sustainable growth and long-term success. Join Igli Laci, Strategic Finance Leader, in this exclusive session where he will explore how a well-crafted pricing approach balances customer perception with business objectives, creating a powerful tool for securing both competitive advantage a

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Why resting and recharging is important for small business owners

Xero

There are plenty of positives to owning a small business – flexibility, being your own boss, financial benefits, and many more. But, it’s no secret there are challenges too. And small business owners have had a particularly tough few years: navigating a global pandemic, various lockdown restrictions, staff shortages, increasing costs of raw materials, and high inflation.

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A community for technologists, by technologists

Intuit

A major challenge for tech companies is how to remain resilient despite a potential economic slowdown. Leading through macroeconomic uncertainty, there’s a need to build innovation and compete. To achieve the feat, tech companies are shaping engineers in real-time by providing them with meaningful opportunities, on-the-job training, and sharing what challenges they might face.

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ADC Attends the 2023 WPO Entrepreneurial Excellence Forum

Accounting Department

Last week, AccountingDepartment.com Business Development Representatives, Shawn Marcum, and Luke Backus attended the 2023 Women President's Organization Entrepreneurial Excellence Forum in Las Vegas, NV.

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Cash management strategies for small business survival

Plooto

Smart cash management strategies are required for businesses of all sizes to succeed. Small businesses are particularly vulnerable to running out of cash due to economic downturns, poor cash flow management , and inadequate long-term planning.

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3 Steps to Successful & Strategic Year-End HR Planning

Year-end can be a hectic time for HR professionals, but with proper planning and organization, you can navigate it smoothly. Learn the main watch outs for year-end HR prep with Paycor’s helpful checklist covering employee data, wage and tax information, and special situations. Ensure compliance and efficiency by downloading today!