Sat.Jul 09, 2022 - Fri.Jul 15, 2022

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How should small businesses balance artificial intelligence, automation and data privacy?

Xero

We recently held our fourth Xero Responsible Data Use Advisory Council meeting via Zoom with seven council members across four time zones to discuss the most important emerging trends around responsible data use for small businesses. How time has flown – we’ve nearly completed our first year of a council. The council includes myself, Samuel Burmeister of Tall Books (advisor), Laura Jackson of Popcorn Shed (business owner), Maribel Lopez of Lopez Research (analyst), Wyndi and Eli Tagi of WE Accou

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A more intelligent digital transformation for AP

Accounting Today

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5 Tips for Building the Ideal FinTech Stack

Sage Intacct

The SaaS finance tech stack is one of the most powerful tools for a company's accounting department. Simply put, a fintech stack is the automation that Controllers and their teams use to optimize and streamline your accounting workflow in billing, invoicing, payables, and reconciliations.

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19 Best CFO Dashboard And KPI Examples For 2022

CloudZero

Your job as a Chief Financial Officer (CFO) carries a lot of weight, regardless of the size and industry of your organization. Among other responsibilities, you are directly accountable for ensuring your company's financial health by providing accurate, up-to-date, and actionable insights.

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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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Introducing an improved Xero status page experience

Xero

When the products and features you use aren’t working as they should, we know it’s really important to be able to access information about what’s happening and why quickly. We’ve recently made some changes to the way Xero’s status page works for that reason, to ensure the information you receive is more consistent, accurate and valuable. Now, when you access Xero’s status page, things will look a little different in both how the information is grouped, as well as the content of the update itself

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5 critical KPIs and why they matter

Accounting Today

More Trending

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Cloud Spend Is Now A Board-Level Issue, Survey Finds

CloudZero

According to Gartner , organizations spent $410.9 billion on cloud services in 2021. In the same year, executives estimated that as much as 30% of their cloud spend was wasted. That’s an aggregate $123.27 billion of waste — money that could go toward innovation, or that could help insulate companies from one of the worst market downturns in years.

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Why now is a great time to try new reports in Xero

Xero

Last year, we announced that we had started upgrading the technology that underpins the Xero platform, so our teams can build new features faster than ever before. Today, we’re excited to share that we’ve hit a significant milestone on that project when it comes to reporting in Xero. We’ve had two versions of our reports for a while now — the older version and our ‘new’ reports.

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IRS to test video visits with preparers to curb tax credit errors

Accounting Today

Tax 273
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Middle Market Continues Push for Technology Investments, Data Shows

AvidXchange

We’re living in a complex business environment, adjusting from pandemic disruptions and dealing with newfound challenges, including a record-high labor shortage, supply chain disruptions, inflation, a war in Ukraine and a forecasted recession. Based on our data and research, middle market companies are leaning into technology investments to help absorb the blows.

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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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12 SaaS Renewal Best Practices To Ensure Profitability

CloudZero

This is no secret to you. It costs up to seven times more to attract a new customer than to keep an existing one. Upselling an existing customer is also easier than upselling to a new one. So, keeping customers will increase your revenue and profitability.

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We asked three accountants what they’re most looking forward to at Xerocon London 2022

Xero

Xerocon London is almost here. With a packed agenda boasting everything from top-notch keynotes to brilliant breakouts as well as a whole host of other activities to take part in, including on-the-ground haircuts and coffee and cream chillout zones, we can’t wait to welcome you back. . Most important, however, is the chance for us to gather together again without the need for screens, webcams and time spent figuring out your best Zoom angle.

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Tax reform had little impact on curbing CEO pay practices

Accounting Today

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How the Commercial Real Estate Industry Can Respond to Staffing Shortages

AvidXchange

As the commercial real estate (CRE) industry bounces back from the pandemic, a new set of challenges rears its head. Supply chain disruptions and the war in Ukraine have led to historical spikes in the price of building materials and energy. There’s growing concern over a possible recession, and there’s a pressing labor shortage that’s making it tough to weather the storm.

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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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Why Advertising Agencies Must Automate their Payables End-to-End

IPS

The importance of digitizing media payables end-to-end cannot be underestimated.

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Community, care and collaboration: Why I can’t wait for my first Xerocon London

Xero

Xerocon London 2022 is almost here, and I can’t wait to see you all during my first time at this amazing event. After a long break, we’ll be back with a bang – even if this year will be a little different, with an iconic new venue, a height-of-summer date, and even more to look forward to. . But what will remain the same is the incredible sense of community, care and collaboration that the event has always inspired.

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Nonprofits facing financial stresses

Accounting Today

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AvidPay Makes ‘Daunting Payment Task’ More Efficient for Real Estate Company

AvidXchange

Beginning in 2013, Illinois-based Providence Management Company started using AvidPay from AvidXchange to automate AP processes and payments. By doing that, the company sped up payments and lowered costs by eliminating paper check printing, envelopes and the costs of postage. During the past few years, Providence Management searched for the best automated accounts payable (AP) software to process its payments.

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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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More Money for AI Accounting Startups

Cloud Accounting Podcast

Sponsors OnPay: [link] Freshbooks: [link] LedgerGurus: [link] Need CPE? Subscribe to the Earmark Accounting Podcast: [link] Get CPE for listening to podcasts with Earmark CPE: [link] Show Notes 5:47 – Karbon’s 2022 Practice Excellence Report [link] 17:59 – 76 Fake Charities Shared a Mailbox. The I.R.S. Kept Approving More. - The New York Times [link] 76 Fake Charities Shared a Mailbox.

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Four tips for planning an amazing Xerocon London experience

Xero

After nearly three long years, Xerocon London is back, and may not be quite as you remember it. With a swish new venue and a summer date, we can’t wait to welcome you – whether you’re a Xero user, or a cloud accounting enthusiast – back for two days of insights, inspiration and networking. . With a schedule packed with exciting things to do, from keynotes to exhibitors, breakout sessions and, of course, a much-anticipated party, you might be wondering how you can make the most of the event.

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IRS updates guidance on tax deduction for energy-efficient buildings

Accounting Today

Tax 265
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How to Offset the Construction Staffing Challenges with AP Automation  

AvidXchange

By the end of 2025, the Infrastructure Investment and Jobs Act will have created 461,000 new construction jobs. That’s an opportunity for nearly half a million people, but what happens if there aren’t enough workers to take the jobs? It’s a question that weighs heavy on the minds of construction firms, general contractors and subcontractors. In a press release from the Associated Builders and Contractors (ABC), ABC Chief Economist Anirban Basu said: “The workforce shortage is the most a

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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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Scaling Startup Finance with David Wieseneck

Earmark Accounting Podcast

Many thanks to our sponsor, ApprovalMax, for making this episode possible! To learn more about ApprovalMax, please visit their website: [link] Sign up to get free CPE for listening to this podcast [link] Download the Earmark CPE App Apple: [link] Android: [link] Connect with Our Guest, David Wieseneck, VP Finance, Demostack LinkedIn: [link] Twitter: [link] Learn more about Demostack [link] Connect with Blake Oliver, CPA LinkedIn: [link] Twitter: [link] Today, we're talking about scaling startu

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Ep. 190: Gordon Graham - The Ethics and Risks of Whistleblowing

IMA's Count Me

Connect with Gordon: www.intrepidbrotherhood.com Full Episode Transcript: Adam: (00:06) I'm Adam Larson and welcome to Count Me In, the podcast that explores the world of business from the management accountant's perspective. Today, we are talking to author Gordon Graham about his memoir, the Intrepid Brotherhood: Public Power, Corruption, and Whistleblowing in the Pacific Northwest.

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IRS chief set to testify behind closed doors on Comey, McCabe audits

Accounting Today

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What HOAs and CAMs Need to Know About Staffing Challenges Amid Economic Uncertainty 

AvidXchange

With rising inflation and economic uncertainty, there’s heavy pressure on homeowner associations (HOAs) and community association management (CAMs) teams to tighten the reins and better manage their cash flow. As if that’s not enough to handle, a shift to remote work, an aging workforce and a war on talent are making it increasingly difficult for firms to hire top-quality staff in order to stay competitive.

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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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Training Future Credit Leaders: Extra Credit

NACM

?? Did you know. 46% of credit professionals describe their department's onboarding process as meticulously detailed and documented, while 27% describe it as learning on the fly or loosely documented. ? The onboarding process is one of the first steps in building future credit leaders! Listen to this week's episode of Extra Credit ?? to hear.

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Introducing start and end times in Xero Me

Xero

We’re really excited to share that in the weeks ahead, we’re rolling out new functionality in the Xero Me mobile app that will let employees record their start, end and unpaid break times. This new feature will help you keep accurate payroll records and save time on manual processes such as chasing timesheets or reviewing information before doing payruns in Xero.

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Senators ask IRS to extend tax deadline for ITIN filers

Accounting Today

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Financial Services Industry Faces a Hiring Crisis Amid Economic Uncertainty

AvidXchange

Reuters reports that hiring in financial services has dropped considerably as banks and credit unions continue to struggle to find skilled workers. It’s a growing problem made more complex by our current state of economic uncertainty, rising inflation and a potential recession looming. According to Cornerstone Advisors , finding qualified talent has become a top concern for most banks and credit unions surveyed, while only 19% ranked it high last year.

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Global Accounting Principles and Commission Capitalization

Speaker: Ryan Dillard, Chief of Staff Director at CBIZ ARC Consulting LLC; Kelly Hicks, Global Controller at Airbase

ASC 606 is the revenue recognition standard that sets global accounting principles for all private or public companies that enter sales agreements or contracts with customers. Along with ASC 606, ASC 340-40 was added to address accounting costs to obtain a contact and costs to fulfill a contract. Join us for this webinar when Airbase Controller Kelly Hicks and Ryan Dillard, a Director at CBIZ ARC Consulting explore how to approach capitalizing sales commissions under ASC 340-40.