March, 2025

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Why Scaling Businesses Need Controller Services (Before It’s Too Late)

Accounting Department

Scaling a business is an exciting yet challenging endeavor. As companies grow, financial complexity increases and the need for accurate financial oversight becomes critical. Many businesses find themselves in a position where their bookkeeping is well-managed, but they lack the high-level financial insights necessary to make informed decisions. This is where controller services play a vital role in helping companies scale efficiently.

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The economic impact of small businesses? Not so small, after all.

Intuit

Small- and medium-sized enterprises (SMEs) power the UK economy, representing over 99% of all businesses. They play a crucial role as innovators, local employers, and the cornerstones of communities across the nation. However, SMEs often face significant barriers to success and lack representation in the policy discussions that could address their challenges.

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FinOps Framework 2025

FinOps Foundation

Key Insight: The FinOps Framework has been updated to reflect the present-day practice of FinOps as it evolves to a Cloud+ approach to managing technology spend. The 2025 revisions reflect the addition of Scopes as a core element of the Framework, and include incremental updates to the definition of FinOps and the language used to describe the Principles, Domains, and Capabilities to align with the addition of Scopes.

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We heard you: Making payroll more affordable for Australian small businesses

Xero

Last year we introduced a new line up of plans for our Australian customers to simplify our offering and make it easier to choose the right plan. As part of this, we made some changes to how payroll was included in our plans. Since then, we’ve heard from you, our community, that we didn’t quite get it right for everyone particularly those with a few employees, or small business owners who need to pay themselves.

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Live Demo - Supercharge your Month End Close

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

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Why Real-Time Financial Reporting is Essential for Your Business

Accounting Department

Financial reporting has long been a fundamental component of successful business management. It serves as the blueprint for decision-making, reveals opportunities, and identifies risks. Yet, in a rapidly changing economic environment, depending only on monthly or quarterly financial statements is gradually becoming outdated.

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Leader experience: How to ace your software engineer interview at Intuit 

Intuit

Historical data shows that candidates who are well-versed in industry knowledge and deep tech are highly sought after by tech innovation companies. Uttam Ramamurthy, principal software engineer and one of the first builder catalyst hires at Intuit India , speaks about his interview experience by defining the various assessmentsand how thorough preparation not only demonstrates commitment but also interest in the role.

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What’s new in Xero – March 2025 & Quarterly Wrap

Xero

Its been a massive start to 2025! In February , we shared enhancements weve made to invoicing. We also heard your feedback, and so now you can automatically prepare partnership annual accounts and tax returns using Xero data and seamlessly file them with HMRC (read more in the previous edition of Whats New). Check out more in our quarterly wrap video below.

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Positive Pay | What is Positive Pay? How Does it work?

Fidesic blog

As the rate of fraud incidents increases, covering the costs is becoming less financially sustainable for banks. As a result, many U.S. banks have become more restrictive in covering fraud losses, especially where B2B payments are concerned. As this places businesses at more risk for fraud losses, implementing positive pay to protect vendor payments is more important than ever.

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6 Steps to Winning as a Finance Leader in 2025

Compleatable

The role of finance leader is evolving rapidly in 2025, driven by advancements in technology, regulatory shifts, and changing business expectations. To stay ahead, finance professionals must adopt new strategies, embrace automation, and enhance their decision-making capabilities. Here are six essential steps to thriving as a finance leader in 2025. 1.

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The Hidden Risks of Relying on Proprietary Accounting Software

Accounting Department

Accounting is the backbone of any business, from managing cash flow to ensuring compliance and long-term scalability. Many business owners turn to proprietary accounting software for streamlined financial management, captivated by promises of simplicity and powerful functionality.

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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.

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How to Detect and Prevent Accounts Receivable Fraud in 2025

Gaviti

Digital transformation and company expansion are great, but if you dont take the proper security precautions, you can find yourself a victim of fraud. Accounts receivable fraud is becoming an increasingly pressing threat for businesses of all sizes, especially companies that grow or make a lot of changes. This article examines the rising threat of fraudulent activities targeting accounts receivable, the necessity of a robust fraud prevention strategy, common fraud schemes that businesses must be

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How much tax do you pay in a lifetime?

Accounting Today

The total lifetime tax amount in the highest-paying state is $755,493.

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Get set up for the new tax year with Xero Payroll

Xero

With another tax year almost wrapped up, are you ready to tackle year-end payroll? We know it can be a bit painful, so weve prepared some tips to make the process as smooth as possible. Finalising your 2024/2025 tax year Wrap up outstanding items Before processing your last pay run for the 2024/25 tax year, approve any outstanding leave requests, timesheets and overtime to ensure your employees’ final pay is accurate.

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How to Add a Signature in Outlook (New & Classic)

Fit Small Business

To learn how to add a signature in Outlook, first check if you have Outlooks new or classic version because the process differs slightly for each. The new Outlook was just released in 2024 and runs on Windows 11. Meanwhile, any version before that is Outlook classic. Adding a signature in Outlooks new version involves. The post How to Add a Signature in Outlook (New & Classic) appeared first on Fit Small Business.

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Your Accounting Expertise Will Only Get You So Far: What Really Matters

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. If you’re aiming for the summit, the air gets thinner—and what got you here won’t be enough to get you to the top (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level.

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What the NICs Grant Delay Means for School Finance in 2025

Compleatable

The Department for Educations recent release of the National Insurance Contributions (NICs) grant methodology for April 2025 to March 2026 highlights a critical issue for school and trust leaders: the growing complexity of cash flow management in the face of rising employment costs. While the grant itself is welcome support in principle, intended to help schools meet increased NICs liabilities from April 2025, the reality is that the money wont land in school accounts until October.

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Unlocking Efficiency with CIN7: How ADC Helps Clients Optimize Inventory Management

Accounting Department

In todays fast-paced business environment, efficient inventory management is critical to success. Many businesses struggle with outdated systems, inaccurate stock levels, and disconnected financial processes.

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Workday Reports Not Working? Here’s How to Fix Common Issues

Ascend Software blog

Workday reporting is essential to allow organizations to successfully analyze HR, financial, and operational data. However, sometimes reports fail to display accurate or complete data, causing inefficiencies and decision-making challenges. Regardless of whether filters are not applied, data is missing, or calculations are incorrect, the issues may be due to data access restrictions, report options improperly configured, or variable report design.

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Could Musk's DOGE layoffs hurt the IRS's fight against fraud?

Accounting Today

Tax pros' worries about the impact of Elon Musk's Department of Government Efficiency on the Internal Revenue Service include increased fraud and filing delays.

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

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JAX expands beta access and introduces new features to save you time and effort

Xero

A year ago, we shared our vision to reimagine accounting using AI and mobile , recognizing the transformative potential for small businesses and the industry. As part of delivering on that vision, we launched Just Ask Xero (JAX), our smart and reliable generative-AI business companion, to make accounting tasks easier and save you time through simple conversation within everyday apps.

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Overcoming Productivity Challenges in Bookkeeping

The Successful Bookkeeper

Staying productive as a bookkeeper isnt just about managing numbersits about managing your time, focus, and energy effectively. On The Successful Bookkeeper Podcast , productivity expert Laura McClellan shared valuable insights on overcoming common challenges that bookkeepers face in their daily workflow.

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The End of NHS England? What It Means for Care Homes

Compleatable

The National Health Service (NHS) has long been the backbone of healthcare in the United Kingdom, providing universal care to millions of citizens. However, discussions surrounding the potential removal or significant restructuring of NHS England have raised critical concerns across various sectors, particularly in social care and care homes. While such a fundamental change carries potential risks, it may also present opportunities for improvement and innovation in the healthcare sector.

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From Startups to Enterprises: Custom CFO Support Services for Your Business

Accounting Department

In the constantly changing world of business, a single approach seldom suits everyone. This is especially applicable to financial management. Whether you're an emerging startup or a well-established company, maintaining a strong understanding of your finances is essential.

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Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.

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How To Calculate Useful Life of an Asset for Tax & GAAP

Fit Small Business

There is no definitive way or mathematical model to solve how to calculate the useful life of an asset?, as the calculation varies depending on whether you follow IRS tax regulations or GAAP guidelines. As such, I’ll go over how to determine the useful life of an asset for two purposes: tax depreciation and financial. The post How To Calculate Useful Life of an Asset for Tax & GAAP appeared first on Fit Small Business.

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By the numbers: Future accountants, new state tax rates

Accounting Today

The latest data on the number of students studying accounting, new state tax rates for 2025 and other major metrics.

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Close your books with confidence: Introducing reconcile period in Xero

Xero

Coming off the year of the US bank feed , Im excited to share that we’re releasing the eagerly anticipated reconcile period feature in bank reconciliation. Rolling out now for our US and Canadian customers Reconcile period enables you to easily compare your bank statement to your Xero accounting transactions so you can: define a period with a date range and balance, to easily compare to statement lines quickly spot missing, duplicate or incorrect transactions confirm completion and accurac

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A Credit Risk Management Guide: Strategies for Modern Businesses

oAppsNet

Credit risk management is the backbone of financial stability for any enterprise extending credit. Without a robust strategy, businesses risk late payments, defaults, and cash flow disruptions that can threaten long-term success. As industries evolve, so do the challenges of managing credit risk. Outdated manual processes, fragmented data, and economic uncertainties make it harder for credit teams to make informed decisions.

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How to Modernize Manufacturing Without Losing Control

Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives

Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri

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How Nonprofits Can Weather the 2025 Federal Funding Freeze

Compleatable

The recent federal funding freeze has sent shockwaves through the U.S. nonprofit sector, putting crucial programs at risk and spotlighting just how vulnerable mission-driven organizations can be when their financial footing depends heavily on federal dollars. As of January 28, 2025, the White House Office of Management and Budget (OMB) ordered a temporary halt to all federal loans, grants, and financial assistance programs.

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Controller vs. Bookkeeper vs. CFO: Understanding the Key Differences

Accounting Department

When it comes to managing a companys finances, businesses often rely on a combination of bookkeepers, controllers, and CFOs to maintain financial health and make strategic decisions.

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EIN vs. SSN: Key Differences & When to Use Each

Fit Small Business

When starting a business, choosing between an EIN and your SSN for tax purposes is one of your first critical decisions. An Employee Identification Number (EIN) is a 9-digit tax ID specifically for businesses, while your Social Security Number (SSN) is your personal tax identifier. Getting this right from the start saves you the headaches. The post EIN vs.

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Inside the 2025 Top 100 Firms

Accounting Today

A look at the numbers behind the biggest firms in accounting this year.

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Automation, Evolved: Your New Playbook for Smarter Knowledge Work

Speaker: Frank Taliano

Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.