November, 2021

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The 5 Best FinOps Tools For 2022

CloudZero

Cloud financial management has become an increasingly sophisticated business function over the past few years, far beyond what many cloud stakeholders anticipated. As a result, many companies are unable to monitor and allocate cloud costs accurately.

FinOps 105
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Income but no cash?!

SMB Accounting and Consulting

Income but no cash?! How does that happen?? How could a business be making money according to their profit and loss but have no money… or even worse, negative cashflow? This answer can vary depending on whether the company’s books are kept on a cash basis or accrual basis, but the general premise is the same. A company pays cash for things that don’t show up on the profit and loss.

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How SAP Ariba/DSN Users Can Solve the 'Last Mile' of AP Automation

IPS

The benefits of the SAP Ariba/Digital Supplier Network (DSN) are tantalizing:

AP 83
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Will AI Replace Humans in Finance?

Oversight

One of the most effective and intimidating advancements in finance is the adoption of artificial intelligence (AI) to transform the industry with streamlined processes. As technology continues to advance, there seems to be a growing fear that AI will replace humans in every conceivable professional field.

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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 Make Accounting & Taxation Service Stress Free

Billah and Associates

Indeed, tax season is an overwhelming time for both the taxpayers and bookkeepers who help in planning for the season. Everybody realizes that when the clock strikes close to January, then, at that point, taxation services in Etobicoke , are toward the back of each entrepreneur and salaryman’s mind. The staggering amount of desk work, severe cutoff times, a colossal number of rules and dread of not knowing the amount you owe is getting heavy on taxpayers all day long.

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Empowering Mission-Driven Organizations With Dext Prepare

Dext

AMLB found Dext in 2019 and since then has deployed out to a wide variety of clients to support their accounting and bookkeeping work. With Dext, AMLB is able to create an optimized workflow and centralized experience for all of their clients. Download the case study to find out more.

More Trending

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Errors in Posting Payroll

SMB Accounting and Consulting

Almost every business has some sort of payroll to pay their employees. Payroll can become much more complicated than some assume and it often has a substantial impact on financial results. The largest expense for many businesses is their labor expense, yet it’s often the most misunderstood. One of the most common errors is derived from posting expenses as cash comes out of the bank.

Payroll 52
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3 Signs Your Books Aren't Ready for Tax Season

Stephanie Peterson

You Have Transactions Not Categorized If your books contain uncategorized transactions, your financial reports will not be accurate. Often, you will find these transactions labeled as Uncategorized Income and Uncategorized Expenses in QuickBooks. Any transactions that are not classified must be done before your taxes are filed to ensure accuracy. Your Accounts Aren't Reconciled It is crucial to make sure accounts are reconciled before filing your taxes.

Tax 52
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AvidPay Direct Improves Cash Flow For NYC-Based Business Owner

AvidXchange

Jeff Gross, co-founder of organic cleaning products manufacturer Organically Maid , has enjoyed a new way to dramatically cut the time it takes to get paid by one of his customers. After his customer approves a payment for Organically Made, Jeff receives his funds in just three business days via AvidPay Direct , an enhanced direct deposit offering provided by AvidXchange.

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CFO’s on a Rising Tide of Change

Oversight

If you’re lucky enough to be in charge of an organization’s finances, you’ve had your share of headaches. Perhaps none have been as pervasive as the last few years, however. Pandemic notwithstanding, the role of the Chief Financial Officer has changed. This week’s Fortune declared that CFO’s “ can’t hide from tech.” We agree.

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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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How Pancreatic Cancer Canada Reaches New Heights

Dext

For Pancreatic Cancer Canada and AMLB, Dext has provided a massive boost in efficiency to their workflows allowing them to spend less time on their finances and more time achieving their goals. Download the case study and watch the above video to find out how.

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What Are On-Demand Instances And When Should You Use Them?

CloudZero

According to Amazon , On-Demand Instances are best reserved for short-term processes with uneven workloads that cannot be interrupted. This might partly explain why such EC2 instances are exceedingly popular with AWS users.

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Is Money Or The Ability To Execute Holding Your Business Back

SLC Bookkeeping

The majority of business owners are trying to grow, right? And they will give all sorts of reasons for why they aren't achieving their growth goals. The most common excuses I hear for coming up short on business goals are the lack of time and money. But is lack of time and money really holding you back? Or is it the ability to develop a strategy, and the confidence to execute that strategy?

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Overcoming the Barriers to Invoice-to-Pay Automation

IPS

The operational and strategic benefits of invoice-to-pay automation are proven.

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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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How the New Brigade Will Help You Smash Your Goals

Brigade

As of today, we have a new day and an elevated mission. We are now “Brigade” and I could not be more excited!

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How Much do Professional Bookkeeping Services Cost?

OSYB

There’s no denying that effective bookkeeping is a vital aspect of any business aspiring to run as efficiently as possible. In order to accomplish this, there are two common routes: Spend the time recruiting and hiring an in-house bookkeeper with the necessary skills and experience Use professional bookkeeping services to handle your books The in-house method is often the most common.

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How Lucent Advisory Saves Over 100 Hours per Month with Dext Prepare

Dext

About Lucent Advisory Lucent Advisory, based in Adelaide, offers a wide-range of services including bookkeeping, tax, advisory, CFO support, payroll and HR.

Payroll 52
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3 Improvements Finance Teams Can Make To Their FP&A Process

CloudZero

FP&A is a strategic part of the finance organization and has the potential to drive important business outcomes. When done right, it can have a major positive impact on the future of the business. When done poorly, it can slow a company down.

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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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Xenett

Bookkeeping Side Hustle

Xenett Autoreview, An Intelligent Clean-up Tool for Accountants and Bookkeepers Register for this demo with Xenett, an intelligent clean up tool for accountants and bookkeepers. Come with your questions! Be sure to register for the prize giveaway. Related Articles Ready to start your virtual bookkeeping journey? Get the Bookkeeping Side Hustle Guidebook.

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CPA Evolution Is Missing The Weeds

Cloud Accounting Podcast

Sponsors Rewind: [link] CenterCard: [link] Client Hub: [link] Need CPE? Subscribe to the Earmark Accounting Podcast: [link] Get CPE for listening to podcasts with Earmark CPE: [link] Show Notes 3:57 – SPACs Headed for New Wave of Restatements for Accounting Errors [link] 5:57 – Senators Question Commissioner About Company Offering Fee-Based Access to IRS Phone Lines [link] 11:55 – Opinion | IRS reform will generate a lot more revenue than the CBO thinks - The Washington Post [link] 14:17

CPA 40
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Selling Advisory Services with Josh Lance

Earmark Accounting Podcast

Our Sponsor To learn more about how Practice Ignition can help your firm eliminate accounts receivable and for 50% off your first three months, visit [link] Our Guest Josh Lance, CPA, CGMA on Linkedin: [link] Joshua Lance, CPA, CGMA, shares his best practices for selling advisory as part of your accounting firm's services. Learn how to extract the value of advisory services you're already providing on an ad hoc basis by formalizing the advisory relationship as part of a subscription offering.

CPA 40
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Ep. 152: Nishant Nair - Modernizing Legacy Systems

IMA's Count Me

Contact Nishant Nair: [link] Forbes Technology Council: [link] Fintech Times article: [link] Global FinTech Series interview: [link] FULL EPISODE TRANSCRIPT Adam: (00:05) Welcome back to Count Me In, IMA's podcast about all things affecting the accounting and finance world. This is your host, Adam Larson, and you're now listening to episode 152 of our series.

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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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6 Accounting & Bookkeeping Lessons From Steve Wozniak

Dext

Our CEO, Adrian Blair, interviewed Apple co-founder and general all round good guy, Steve Wozniak. They spoke about how accountants & bookkeepers can align with the digital age and be the human focal point which tech can never replace.

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The 3 Best Ways To Talk To Your C-Suite About Cloud Costs

CloudZero

For any company working in the cloud or using managed cloud services to create products, cloud costs represent a significant expense. If you lead an engineering team, you may have to defend your bill to your CEO or CFO.

Billing 98
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Global Standard for Classifying Goods to Change Come January

NACM

Another factor will soon further complicate the global supply chain crisis and international trade—new harmonized system numbers (known as HS codes). HS codes are the global standard for classifying goods in international trade. Starting Jan. 1, more than 350 global HS codes will be updates and roughly 1,500 U.S. tariff codes will also be chan.

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The Sage Advantage With CTO Aaron Harris

Cloud Accounting Podcast

Meet Our Guest Aaron Harris, Global CTO, Sage [link] Need CPE? Subscribe to the Earmark Accounting Podcast: [link] Get CPE for listening to podcasts with Earmark CPE: [link] Get in Touch Thanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes , or Podchaser.

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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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Can Private Equity Save The CPA Firm From Disruption?

Earmark Accounting Podcast

Our Guest Charles Weinstein, CEO @ Eisner Advisory Group LLC [link] Charly Weinstein, CEO at EisnerAmper, discusses why his firm decided to split off audit into a separate CPA firm while also taking on private equity investment in a new, non-CPA entity that will offer tax and consulting services. While the alternative practice structure is not new, could this be the beginning of a new trend in PE investment in CPA firms?

CPA 40
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Ep. 151: Hema Vyas - Passionate and Emotional Leadership

IMA's Count Me

Contact Hema Vyas: [link] Hema's Website: [link] (Book a complimentary 20-minute Discovery call!) FULL EPISODE TRANSCRIPT Mitch: (00:05) Welcome back to Count Me In, IMA's podcast about all things affecting the accounting and finance world. This is your host, Mitch Roshong and today I'm happy to introduce our guest speaker for episode 151, Hema Vyas.

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Your 6-Step Guide for Avoiding Duplicate Payments in AP Processing

AvidXchange

Here at AvidXchange, we want to help your accounts payable (AP) team avoid making duplicate payments — a significant industry problem. With this goal in mind, we’re sharing insights that one of our principal solutions consultants, Rhonda Greene, offered during our recent REVx 2021 event. She explained what duplicate payments are, outlined the scope of these headaches and taught us how to prevent them, as well as associated fraudulent attacks.

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The 3 Best Ways To Talk To Your C-Suite About Cloud Costs

CloudZero

For any company working in the cloud or using managed cloud services to create products, cloud costs represent a significant expense. If you lead an engineering team, you may have to defend your bill to your CEO or CFO.

Billing 98
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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.