Sat.Aug 19, 2023 - Fri.Aug 25, 2023

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Accounts Payable Automation ROI Calculator

Fidesic blog

When evaluating an automation solution, tangible cost benefits are often difficult to quantify. There's the obvious things, like reducing printing check costs, transitioning to ACH instead of checks, and the reduction of hard costs that relate to shipping, but many of the main benefits are more ‘soft costs'.

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IRS interest rates jumping in Q4

Accounting Today

For overpayments and underpayments, the rate will be 8% per year.

Tax
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That’s a wrap! Xerocon Sydney highlights from day two

Xero

It was great to see so many new and familiar faces from Xero’s accounting and bookkeeping community at Xerocon Sydney 2023. As always, day one featured a packed agenda – and you better believe the pace didn’t let up on day two. Sharing insights and inspiration We had another busy morning on the main stage. The day kicked off with a moving welcome from Te Raranga Whanui Kapahaka group, followed by an insightful conversation between Xerocon host Julia Zimero and Xero CEO, Sukhinder Si

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A New Way to Automate with Tipalti Expenses

Accounting Department

Tipalti Expenses offers a comprehensive and purpose-built solution to streamline and manage employee-initiated spending and reimbursements, all within a single, efficient system.

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8 Ways to Torture Your CFO

The office of the CFO is rapidly evolving, with more and more demands being placed upon the finance and accounting team each year. Join us in this webinar, where we share 8 things to NOT do when it comes to helping the CFO office advance in supporting the business. Learning Objectives: This course objective is to understand how best to support an organization's finance leadership.

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Fidesic Features Highlight: Power Reporting

Fidesic blog

Fidesic Power Reporting makes it easy to run custom reports, lookup individual transactions with ease and always be ready for an accounts payable audit at any time.

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IRS offers extra time for Roth catch-up contributions

Accounting Today

The Internal Revenue Service is giving people until 2026 to comply with a new requirement for Roth catch-up contributions.

Tax

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How Outsourced Client Accounting Services Support Expansion Strategies

Accounting Department

In the pursuit of business growth and expansion, establishing a strong and effective financial management system becomes imperative. This encompasses precise record-keeping, timely reporting, and adherence to regulatory obligations. To effectively navigate growth and focus on core business activities, many organizations are turning to outsourced client accounting services.

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MLOps maturity levels: the most well-known models

FinOps in Practice

Like most IT processes, MLOps has maturity levels. They help companies understand where they are in the development process and what needs to be changed in their ML approaches to move to the next level (if that is their goal). Using commonly accepted maturity level methodologies also allows companies to determine their place among competitors. Google Model Google has its own model of MLOps maturity levels.

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Treasury proposes crypto exchanges report customer data

Accounting Today

The proposed regulations offer clarity on reporting rules enacted in 2021 to curb crypto-related tax evasion.

Tax
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Xero Beautiful Business Fund applications open for small business customers

Xero

Today marks day one of Xerocon Sydney and I’m so excited to share more details on a global initiative called the Xero Beautiful Business Fund. Last month on Xero Day, the anniversary of the day where it all started for us 17 years ago, we announced the Xero Beautiful Business Fund as a way to help our small business customers boost their growth plans and drive future success.

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How to Streamline Payment Applications & Lien Waivers Through Innovative Construction Technology

Speaker: Dylan Secrest, Founder of Alamo Innovation and Construction Digital Transformation Consultant

Construction payment workflows are notoriously complex when you consider juggling multiple stakeholders, compliance requirements, and evolving project scopes. Delays in approvals or misaligned data between budgets, lien waivers, and pay applications can grind progress to a halt. The good news? It doesn't have to be this way! Join expert Dylan Secrest to discover how leading contractors are turning payment chaos into clarity using digital workflows, integrated systems, and automation strategies.

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Connecting AppSource Marketplace Offers to HubSpot (August 2023)

Fidesic blog

There is an existing HubSpot connector on the Power Automate Connector list; however, this version does not yet support the scope changes to HubSpot's API.

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Accounting and the World of AI

Insightful Accountant

Kognitos' Drayton Wade on why it is imperative for accounting firms to adopt Generative AI in a rapidly evolving world.

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Recruiting and retention in accounting: 'We've got a lot of work to do'

Accounting Today

At the Illinois CPA Society's annual summit, a deep dive into how the profession needs to revamp and revitalize its appeal to potential accountants.

CPA
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How small businesses are navigating AI

Xero

The hype around artificial intelligence (AI) is making small businesses feel that its development and adoption is moving at lightning speed. In fact, our new research shows that 80% of small business owners globally are concerned that the fast pace and nature of AI is leaving regulation in the dust. They told us they want governments to do more, given the potential big impact to industries and the workforce.

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Precision in Motion: Why Process Optimization Is the Future of Manufacturing

Speaker: Jason Chester, Director, Product Management

In today’s manufacturing landscape, staying competitive means moving beyond reactive quality checks and toward real-time, data-driven process control. But what does true manufacturing process optimization look like—and why is it more urgent now than ever? Join Jason Chester in this new, thought-provoking session on how modern manufacturers are rethinking quality operations from the ground up.

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11 Ways for High Earners to Reduce Taxable Income [2023]

Outsourced Bookeeping

Various taxes come with higher earnings. This aspect is the primary concern of every working individual. Heavy taxes are imposed on high-earning working professions which burn away through the final income generated. There are dozens of taxes in 2023 that are imposed on high-income earners. Therefore, every working professional requires specialized assistance to save significant finances otherwise catered to tax payments.

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Get paid almost instantly with FedNow

Reconciled Solutions

The FedNow Service (an instant payment infrastructure developed by the Federal Reserve) went live on July 20, 2023. It allows US financial institutions to provide safe and quick (think “seconds”) payment services. The post Get paid almost instantly with FedNow appeared first on Reconciled Solutions.

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IRS may have skirted rules on directly contacting represented taxpayers

Accounting Today

Internal Revenue Service employees weren't always following the proper rules when it came to directly contacting taxpayers instead of their representatives like accountants and attorneys.

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US Roadshow Accelerate: Xero brings the product announcements (and the noise)

Xero

This year’s US Roadshows were nothing short of inspiring, with accounting, bookkeeping and app partners showing up from all over the country to attend our events in Austin, Atlanta and Los Angeles. Joining us were leaders from Gusto, Poe Group Advisors, and futurist Elatia Abate to highlight how you can tap into the voice of the customer, capitalize on growing technologies, and capture the moment you’re in now.

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AI In Accounting: A Practical Roadmap For Smarter AP

Speaker: Gerald Ratigan

The accounts payable (AP) function is evolving and AI is leading the charge. As finance teams face rising invoice volumes and expectations for speed and accuracy, AI-powered automation has shifted from a futuristic concept to the most practical solution. But for finance leaders, success isn’t just about selecting the right tools, it’s about implementing the right strategy.

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How QuickBooks on Cloud Works – A Beginner’s Guide  

Ace Cloud Hosting

QuickBooks Desktop is a well-known accounting software that assists accountants in managing their financial operations with ease. Nevertheless, businesses nowadays are demanding remote access, cost-effectiveness, smooth user collaboration, and improved.

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How Small Businesses Can Thrive in a Dynamic Landscape

LedgerDocs

In the past few years the business landscape has been more unpredictable than usual, because of this unpredictability, small businesses need to be agile, innovative, and efficient to maintain their success and get the edge they need to remain competitive. Leveraging a cloud based digital document management software, such as LedgerDocs, can be the game-changer that empowers your business to not only survive but thrive.

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Taxpayers sue Google, Meta over privacy leaks

Accounting Today

Google and Meta are facing class action suits after revelations they had been collecting sensitive taxpayer information via online filing sites.

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The highlights from day one of Xerocon Sydney

Xero

Wow! What an exciting first Xerocon as CEO. Day one was full of so many inspiring moments. Of course, the best part was talking directly to our accounting and bookkeeping community about the critical role they play in the lives of small businesses. Being on the big stage to discuss the importance of Xero’s purpose and partnerships was not only a highlight, but also a privilege – as was seeing the rest of the day unfold.

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You upgrade everything else. Why not your close process?

You wouldn’t keep using a 2009 flip phone - so why settle for outdated close processes? It’s time for an upgrade. SkyStem's Guide to Month-End Close Software walks you through what today’s best tools can do (and what your team shouldn’t have to deal with anymore). Get smart, fast, and a whole lot less stressed when it’s time to close the books.

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Unlocking Financial Agility: The Power of Instant Payments for Small Business Bookkeepers

The Successful Bookkeeper

It’s not just about crunching numbers and tracking expenses. For bookkeepers, it means being there for their clients by understanding the landscape of the industries, adapting financial agility, and advising ways to improve efficient cash flow. Introducing modern technology solutions like instant payments can give bookkeepers an edge in enhancing financial success for their clients.

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Can ChatGPT Pass the CMA Exam?

Blake Oliver

In this video, I test whether ChatGPT, the generative AI chatbot from OpenAI, can pass the CMA Exam. I found some CMA exam practice questions on the IMA website and copied them into ChatGPT without any other context. Remarkably, ChatGPT answered all five practice questions correctly and provided detailed explanations for its reasoning. It even showed its work on the required calculations.

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AICPA asks IRS for better trust forms, guidance on tax credits

Accounting Today

The institute sent comment letters requesting changes in two forms used to report on foreign trusts, and guidance on energy credits and advanced manufacturing investment credits.

Tax
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My 9 Favorite Ways to Prevent Scope Creep

Future Firm

As new ideas and features emerge, it’s all too easy for the initial project boundaries to expand far beyond their intended limits. In this episode, I discussed nine key strategies that I have tested in the field to effectively prevent scope creep. Listen Below. 0:43 Scope creep or out-of-scope work is defined as performing tasks not outlined in the client agreement.

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Stop Budget Burnout: A Better Way to Grow Your Nonprofit in 2026

Speaker: Sean Yoder

Nonprofits are under more pressure than ever to demonstrate financial accountability while continuing to expand their impact. Traditional budgeting models often fall short, reinforcing silos, limiting flexibility, and stalling growth. Enter collaborative budgeting: a dynamic, team-driven process that enables smarter resource allocation and builds financial resilience at scale.

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Accounting Tasks Cause Annual Stress for Half of Small Business Owners

Dext

A recent survey by Dext has revealed the ongoing accounting pressures felt by small business owners at present. The survey of 250 small business leaders in the UK uncovered some major issues relating to the time required to complete bookkeeping tasks, visibility of finances, and general ongoing stress.

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Feature Focus Fridays: New QBO-QuickBooks Time Integration

Insightful Accountant

In this 'Feature Focus Friday,' Murph examines how Intuit is integrating more QuickBooks Time tasks into QuickBooks Online.

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AI risk concerns don't stop people from trusting AI

Accounting Today

While people seem to have concerns about the rise of generative AI and the risks it presents, people are still using it and trusting its answers.

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AI document processing: The complete guide

Nanonets

AI-based document processing is transforming the way businesses handle paperwork. It is overhauling traditional data entry, approval systems, and document management. As per a Smartsheet study , workers spend over a quarter of their week on mundane tasks like data management. Most of us can relate to the frustration of sifting through complex documents, manually extracting data, or struggling with clunky document management systems.

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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te