September, 2023

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Outsourced Bookkeeping for CPAs: 8 Options Compared

Future Firm

If you’re a CPA firm looking to outsource your bookkeeping, you’ll want to check out this post on the 7 different options for outsourced bookkeeping for CPAs. In this article, I’ll run through some of the more modern options that might make the most sense for your firm at the moment. Check it out: Outsourced Bookkeeping for CPAs Terminology Before continuing, there are 3 terms that I want to briefly define which will have an impact on the option you select.

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Bill.com to End Sync Support for Dynamics GP Dec 2023

Fidesic blog

Beginning December 1, 2023, Bill.com will no longer support direct sync for Microsoft Dynamics GP (Great Plains).

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IRS announces aggressive enforcement focus

Accounting Today

Following a top-to-bottom review of enforcement efforts, the agency is shifting more attention from working-class taxpayers to high-income earners, partnerships, large corporations and promoters of abusive tax shelters.

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Introducing Intuit Assist

Intuit

Intuit Assist delivers personalized recommendations and does the hard work for you. Today, we introduced Intuit Assist, a new generative AI (GenAI)-powered assistant that will provide personalized, intelligent recommendations to help consumer and small business customers make smart financial decisions with less work and complete confidence, enabling them to put more money in their pockets.

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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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Xero wins Canstar’s Most Satisfied Customer Award in New Zealand

Xero

For the fifth year in a row, Xero has taken out Canstar’s Most Satisfied Customer Award for small business accounting software. This is an incredible achievement, showcasing our value to small businesses across Aotearoa New Zealand. Canstar Blue is a customer satisfaction research and ratings business aimed at helping consumers make better purchasing decisions.

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5 Essential KPIs to Track for Your Growing Business

Accounting Department

As a growing business, it's essential to monitor and track various key performance indicators (KPIs). This is crucial in assessing the performance of your business, determining the areas that need improvement, and making informed decisions.

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New AI Invoice Data Capture Tool Available for Microsoft Business Central Users

Fidesic blog

A new AI powered invoice process solution for Microsoft D365 Business Central is a truly transformative piece of technology for accounts payable pros.

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IRS expands features in Tax Pro Accounts

Accounting Today

The Internal Revenue Service is allowing tax practitioners to see their client's tax information, including balance due amounts, as well as withdraw from their active authorizations online in real time.

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40 years of powering prosperity: Highlights from Intuit’s 2023 Corporate Responsibility and Diversity, Equity, and Inclusion Report

Intuit

At Intuit, we believe everyone should have the opportunity to prosper, and for 40 years we’ve been working to make that a reality. Today, I’m proud to announce the release of our 2023 Corporate Responsibility and Diversity, Equity, and Inclusion report. Corporate responsibility (CR) and diversity, equity, and inclusion (DEI) are core to who we are and intrinsic parts of our business strategy.

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Xero Beautiful Business Fund: Meet our global judges

Xero

The application period for the Xero Beautiful Business Fund will be wrapping up a few short weeks! To help us select the winners of the 2023 Xero Beautiful Business Fund, we’ve lined up a stellar list of regional and global judges. The judges represent small businesses, accountants and bookkeepers and Xero’s global partners. They will play a key role in evaluating the entries to help our small business winners achieve their ambitions.

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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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7 Tips for Navigating Budget Season

Accounting Department

Budgeting is a vital process that enables small and medium-sized businesses to effectively allocate resources, plan for the future, and achieve financial stability. However, navigating the budgeting process can be challenging without a clear roadmap.

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CPA pipeline problems: Insights from a state society CEO

Blake Oliver

The accounting talent pipeline is narrowing at a troubling rate. As baby boomers retire, fewer college students opt into the profession, creating a widening gap in the number of CPAs. In my latest Firm of the Future article , I share insights from a recent podcast interview with Jen Cryder, CEO of the Pennsylvania Institute of CPAs. She describes a profession facing urgent questions about its future workforce.

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Fidesic Features Spotlight: Vendor Portal

Fidesic blog

It’s time to check out our feature of the month in the Fidesic app. Today we are putting the spotlight on our Vendor Portal.

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Nearly 1,000 millionaires haven't filed tax returns

Accounting Today

Close to a thousand taxpayers who earn over $1 million a year failed to file tax returns over multiple recent years, potentially owing $34 billion in taxes, according to IRS data.

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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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Building Inclusion: setting a path to success for Latinos in tech

Intuit

Tell us a little bit about yourself and what brought you to Intuit. I was born and raised in Lima, Peru, and moved to the US when I was 19 for college. I graduated from UC Berkeley and have been working in project/program management focused in tech since graduation. My friend worked at Intuit and her team was looking for a technical program manager, and the rest is history.

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Employee management tools to help your cash flow

Xero

With economic conditions putting pressure on Australian small businesses, owners are looking at different ways to maintain a healthy cash flow. Our ‘Money matters’ report showed that 61% of Australian small business owners increased their prices in the last 12 months to stay ahead of rising costs and make a profit. 27% also had to dip into their personal savings to manage their cash flow.

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How Outsourced Client Accounting Services Can Help You Maximize Efficiency

Accounting Department

In today's fast-paced business environment, maximizing efficiency is key to staying competitive and achieving sustainable growth. One area where businesses can significantly streamline their operations is within their accounting department. By outsourcing these functions to client accounting service experts, organizations can focus on their core activities while benefiting from enhanced accuracy, improved financial processes, and valuable time savings.

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Top 100 2024 Certification Clues: QuickBooks Point-of-Sale

Insightful Accountant

Murph clues you in on why the Top 100 2024 process will still award points for QuickBooks Desktop Point-of-sale ProAdvisor Certification even if Intuit drops the certification after it stops supporting QBPOS on Oct. 3, 2023.

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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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QuickBooks Pro vs. Pro Plus – What are the Differences?

Ace Cloud Hosting

When it comes to managing your business finances, QuickBooks is a name that needs no introduction. Yet, within the QuickBooks ecosystem, there are versions catering to specific business needs. Among.

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Promoting an employee may lead them to leave

Accounting Today

The ADP Research Institute released a report on how worker promotions can affect businesses and employee retention and debuted a new index for tracking employee motivation and commitment.

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Intuit for Education

Intuit

At Intuit, our mission is to power prosperity, which is why we built Intuit for Education, a free financial literacy platform, designed to help Gen Z and Gen Alpha high school students become the most financially literate generations ever. To that end, Intuit is committed to our goal of helping 50 million students become financially literate by 2030, so that when they enter adulthood, they’ll already possess the financial knowledge they need to thrive and prosper.

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Three payment trends accountants need to know

Xero

This guest blog was written by the team at the leading bank payment solution, GoCardless. With interest rates at the highest level since 2012 in Australia and costs rising across the board, it can feel like the macro environment is designed to dent you and your clients’ businesses. But it’s not all doom and gloom. As you’re at the centre of your customers’ financial processes, you’re in the perfect position to make strategic recommendations and add greater value to their businesses.

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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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Clients Can Have Peace of Mind with Rewind

Accounting Department

Since its establishment in 2015, Rewind has been dedicated to empowering businesses to safeguard their valuable SaaS and cloud data. With an impressive customer base of over 100,000 across 100 countries, Rewind's highly acclaimed apps and unwavering support have become the go-to solution for ensuring the uninterrupted operation of software-as-a-service applications.

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Intuit Ups QuickBooks Payments Rates for QBO Users

Insightful Accountant

Intuit increased QuickBooks Payments rates for QuickBooks Desktop users this past June. Now, it is making increases for Payments Customers using QBO effective in October.

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The wild classes CPAs take for their 150 hours

Blake Oliver

From Alabama dinosaurs to pickleball, accountants have studied some unusual things to fulfill their education requirement.

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PwC to take big steps on audit quality, independence, accountability

Accounting Today

The Big Four firm plans to stop offering some types of services to SEC-registered audit clients, and to cut the compensation of top leaders if the firm's audits fall short on quality.

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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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Responsible AI helps small businesses grow and do more.

Intuit

Intuit’s mission is to power prosperity around the world and help customers and communities overcome their most important financial challenges. Helping small businesses succeed is personal for us. Small businesses power local communities and are the economic engines of countries all over the world, but more than half don’t survive beyond their fifth year.

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Xero Beautiful Business Fund: Ways for accountants and bookkeepers to get involved

Xero

Last month on stage at Xerocon Sydney, we announced that applications officially opened for the Xero Beautiful Business Fund. We’re giving away more than NZ$750,000 to eligible Xero small business customers across Australia, Canada (excluding Quebec), New Zealand, Singapore, South Africa, the UK and the US. While this initiative is targeted at small businesses, our accounting and bookkeeping partners play a key role in driving small business success and we’d love for you to help get your client

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AccountingDepartment.com Attends EO Alchemy 2023

Accounting Department

To kick off this year's series of Entrepreneurs' Organization (EO) events, ADC Business Development Representative, Shawn Marcum, attended EO Alchemy in Seattle, WA last week.

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Top 100 2024 Clues: More Training Opportunities

Insightful Accountant

Murph is prone to repeating himself these days. That's especially so when it comes to important clues, like "don't miss training opportunities" for Top 100 2024.

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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.