July, 2023

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Online marketplace opens for clean energy credits

Accounting Today

Basis Climate introduced a digital exchange where companies can buy and sell renewable energy tax credits like the kind offered under the Inflation Reduction Act.

Tax 246
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ACH Boom Continues Long After Quarantine

Fidesic blog

Last year we published a post about the impact of the 2020 pandemic on accounts payable, in particular, the rise in digital B2B payment methods. As with many of the new trends we saw during the pandemic, this one didn’t go away.

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7 tips on how to negotiate pay and approach compensation

Intuit

What is Black Women’s Equal Pay Day? Each year, the date of Black Women’s Equal Pay Day roughly reflects how long a Black woman must work into the year to make what a white, non-Hispanic man made the previous year. The later in the year this day falls, the wider the wage gap. This year, Black Women’s Equal Pay Day is on July 27th, 2023. According to the non-profit organization, the American Association of University Women and ACS Census data, Black women in 2021 made 58 cents for every dollar ea

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Backing our small business customers on Xero Day

Xero

Today is Xero Day, which marks a special day here at Xero. It’s the anniversary of the day where it all started for us 17 years ago. Our customers, partners and people have played a vital role in our success and Xero Day is about reflecting on all of you and our purpose to make life better for small businesses, their advisors and communities around the world.

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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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The Last ERP System You'll Ever Need

Accounting Department

Every business owner loves growth. It's simple. But what's not so simple is if the business can handle growth. When businesses are operating on dated enterprise resource planning (ERP) systems, it's easy to outgrow and be throttled back on growth because of it.

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Geni Whitehouse Named President of Information Technology Alliance

Insightful Accountant

Effective Aug. 1, 2023, the noted thought leader will take the reins of the North American independent membership association of leading mid-market technology professionals, consultants and product/service providers.

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Webinar Coming Up! Reducing Accounting Overhead for Long Term Care

Fidesic blog

Is your organization highly mission focused? This webinar is for you. Healthcare, Non-Profits, Dental & Long Term Care professionals, check it out.

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What do new CPAs want?

Blake Oliver

I'm honored to have been included in Dr. Sean Stein Smith's recent article " What New CPAs Want: Insights and Recommendations from the Field ," published on the New Jersey Society of CPAs website. It's great to see experienced professionals like Sean gathering perspectives from those just starting out in this profession and their mid-careers. Some common themes are work-life balance, career development, and desiring a high return on our invested time.

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Achieving that sale getting harder for small businesses

Xero

Small business owners are well aware how hard it is for their customers right now, who are trying to stretch their budgets to cover the rising cost of household bills, transport, housing and debt repayments. This isn’t leaving a lot of cash to spend in their local small business. This difficult task of making a sale is showing up clearly in the latest Xero Small Business Insights (XSBI) data, with sales growth slowing across all Australia, Canada, New Zealand, the UK and the US.

XERO 223
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5 Key Metrics for Financial Planning & Analysis

Accounting Department

In the dynamic and competitive business landscape, financial planning and analysis (FP&A) plays a crucial role in guiding organizations toward success. By utilizing key metrics, FP&A provides valuable insights into a company's financial health, identifies trends, and helps business owners make informed decisions that drive profitability and strategic growth.

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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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The Ultimate Cloud Storage Pricing Comparison (2023 CHART)

CloudZero

Syncing files and folders across multiple devices, updating them between remote team members, and sharing them across individuals and teams are all essential aspects of running a modern business.

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Accounting firms pursue non-traditional applicants in bid to diversify

Accounting Today

CPA firms have been recruiting more people without accounting degrees and backgrounds as a way to fill their open jobs while expanding diversity in their workforce.

CPA 270
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AWS Textract Teardown - Pros and Cons of using Amazon's Textract in 2023

Nanonets

Text Recognition in 2023 In many companies and organizations, plenty of valuable business data is stored in documents. This data is at the heart of digital transformation. Unfortunately, according to statistics, 80% of all this data is embedded in unstructured formats like business invoices, emails, receipts, PDF documents, and many more. Therefore, to extract and make the most out of information from these documents, companies slowly started relying on Artificial intelligence (AI) based service

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ExpensiCon 3: How Artificial Intelligence Will Save Accounting

Blake Oliver

How will generative AI change the accounting profession? Learn how in this video of my presentation, “How Artificial Intelligence Will Save Accounting.” We’ll explore the transformative impact artificial intelligence will have on the accounting industry in the coming years. With talent shortages causing pressing problems, AI represents a long-awaited solution to boost productivity.

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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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Business as usual for Xero Mid-Size Firm of the Year winners: Sempar Accountancy and Tax

Xero

Sempar Accountancy and Tax have been crowned the Xero Mid-size Firm of the Year at the 2023 Xero Awards for UK and Ireland. This award recognises their innovative practice and unwavering commitment to delivering exceptional client service. We take a look at what sets Sempar apart, and how the firm has helped their clients achieve their business goals.

XERO 199
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5 Common Challenges That Financial Controllers Face

Accounting Department

Managing the accounting department is a vital task for any company. As the ultimate authority on the organization's financial affairs, the Financial Controller oversees all aspects of financial operations, from day-to-day tasks to long-term strategic planning. To excel in this role, the controller must possess exceptional skills in data analytics, team management, communication, and financial technology.

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55 Fascinating DevOps Statistics You NEED To Know In 2023

CloudZero

Today's development and operations teams are intertwined like the strands of a rope. The two heavily depend on each other to form a stronger, more solid unit. Unlike traditional teams that worked in silos, today's developers and operations’ workflows should work like a well-oiled machine.

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Senate panel looks into changing tax treatment of crypto

Accounting Today

Leaders of the Senate Finance Committee are sending an open letter seeking input from experts, stakeholders and interested parties about how to adjust the rules for digital assets.

Tax 246
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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 Do I Find My Small Business's Break-Even Point?

CSI Accounting & Payroll

When you own a small business, you need to be aware of your financial health. This is done through tracking KPIs (Key Performance Indicators). An important KPI that's easy to calculate on your own is your break-even point. Knowing your break-even point helps you find out what it takes for your business to be profitable, and it's especially valuable to product-based businesses and startups.

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Review of TurboTax LIVE Full Service Business 2023 for Tax Professionals

Blake Oliver

Tax pros - want an inside look at TurboTax's new full-service offering for business returns? My business partner David Leary and I just went through the process of using TurboTax LIVE Full Service for our partnership return and recorded our experience in a new video. Watch to see: How the onboarding and document collection process works Where the experience fell short compared to working directly with a CPA/EA The surprise requirements needed before our preparer could file How responsive and ava

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Singapore Xero Awards 2023: Congratulations to our winners

Xero

Last night I had the enormous privilege of hosting our very first in-person Xero Singapore Awards ceremony to celebrate the outstanding achievements of our accounting and bookkeeping partners and crown our 2023 winners. It was a brilliant night, bringing everyone together in person again. I loved seeing the camaraderie and festivity in the room as our partners reconnected with one another and cheered each other on.

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Understanding the Important Roles of Inventory Management in E-Commerce Accounting

Accounting Department

This article recaps the important role of inventory management in e-commerce and the vital ways it helps businesses control costs and improve customer relationships.

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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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Factoring Companies in Georgia: 4 High Quality Options

FundThrough

When it comes to selecting the best factoring company in Georgia, business owners often face the challenge of finding a solution that addresses their cash flow needs effectively. As entrepreneurs ourselves, we understand this pain firsthand. Identifying a trusted partner that offers quick and seamless factoring services can be a daunting task. While we cannot […] The post Factoring Companies in Georgia: 4 High Quality Options appeared first on FundThrough.

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IOSCO endorses ISSB standards

Accounting Today

The International Organization of Securities Commissions officially approved sustainability and climate disclosure standards from the International Sustainability Standards Board.

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How To Determine The Cost Of Cloud Computing (2023 UPDATE)

CloudZero

It came as a pleasant surprise. CloudZero recently discovered over $1.7 million in annualized savings. And, all from our own infrastructure. Otherwise, we would have spent $1.7 million for cloud resources we didn't actually need.

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Automate Client Savings with Relay's Savings Accounts & Auto Transfer Rules

Blake Oliver

Relay now has Savings Accounts! Watch this 2-minute video to learn how to pair Savings Accounts with Auto Transfer Rules to help clients save a little bit every day AND earn interest — all without lifting a finger.

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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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Q&A with England Football legend Karen Bardsley

Xero

Ahead of the FIFA Women’s World Cup 2023, we sat down with Karen Bardsley to find out her perspective on the growth of the women’s game. Karen was goalkeeper for the England Women’s team, and she played for and now oversees the women’s teams at Manchester City F.C. Q: When you were younger, did you dream of becoming a professional footballer or did you have another career in mind?

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Keep Manufacturing Businesses Organized with NetSuite

Accounting Department

As a manufacturing business owner, keeping track of every moving part of your operation can be challenging. From tracking inventory levels to managing finances and processing orders, disparate systems can quickly become overwhelming.

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7 Tips for CPAs to Manage Remote Employees During Coronavirus Crisis

Ace Cloud Hosting

In these challenging times, when the coronavirus outbreak has become a menace for most parts of the world, it is not only insisted but advised by the authorities to stay.

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IRS warns of summertime tax scams

Accounting Today

The Internal Revenue Service is seeing a surge of tax scams this summer hitting taxpayers via email and text messages touting tax refunds and quick fixes to their tax problems.

Tax 246
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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.