Sat.Feb 11, 2023 - Fri.Feb 17, 2023

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Why we can’t keep old reports (and other burning questions)

Xero

The retirement of old reports is now only a little over five months away. If you’re like many small business owners and advisors, you’re probably starting to seriously think about how this will impact your day-to-day work. We’ve answered some of your most common questions, so you can feel confident about switching to new reports before 31 July 2023.

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Overcome these Business Challenges in 2023

Accounting Department

Over the last few years, the rapid acceleration of accounting technology has redefined the way businesses go about their bookkeeping, operations, and more. This ramp-up in technology has caused a rise in the need for professional outsourced services and automation opportunities, however, business owners are still facing some challenges that can be avoided in 2023.

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Is Internet Explorer really really “retired”? Not quite…

Fidesic blog

Microsoft implemented another gate to keep people on most client versions of Windows 10 from running Internet Explorer 11 on Feb 14.

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Client Hub Launches Free Recategorize Plan

Insightful Accountant

The new tier will enable accountants to get all their QuickBooks transaction questions resolved from their clients quickly and easily—and the subscription is free.

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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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Five tech trends for small businesses to watch in 2023

Xero

Technology advancements are continuously reshaping not only the way we work, but fundamentally how we operate across nearly every industry. With new innovations unlocked almost daily — each with a unique promise to transform how we do business — how do busy small businesses and their advisors separate the fad from the fancy? We’ve been doing a lot of thinking about this recently, and it’s a priority for us this year to help demystify some of these trends and shine a light on those which could be

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Cash Flow Problems Solved

Plooto

Managing cash flow is one of the most critical challenges facing small businesses today. Intuit's study, The State of Small Business Cash Flow , reported that "61% of small businesses around the world struggle with cash flow. Because of cash flow issues , nearly one-third of those surveyed cannot pay vendors, loans, themselves or their employees." Data from Guidant Financial shows that the No. 1 challenge for 32% of small business owners is lack of capital/cash flow.

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QuickBooks Business Network – A Vision on the Way

Insightful Accountant

Murph brings you up to date on the vision that is the QuickBooks Business Network. While it's not fully capable yet, it's getting there, and appears to be heading in the right direction.

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Five steps to a seamless payroll year end

Xero

It’s that time of year again. As summer winds to a close, the days will start getting shorter as the workload ramps up. For those working in payroll, that can only mean one thing: year end is approaching. There are four key changes in New Zealand payroll calculations for the new financial year: Adult minimum wage will increase to $22.70 per hour from 1 April 2023 The annual ACC earner levy rate is increasing from 1.46 percent to 1.53 percent The annual ACC earner levy threshold is increasing to

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6 Short Term Financing Options for Growing SMBs

FundThrough

No doubt that you’ve seen for yourself that having quick access to capital is vital for keeping your business running smoothly. One way to get funding in a hurry is short term financing. It can help business owners cover unexpected costs or losses, bridge cash flow gaps, or take advantage of timely opportunities while limiting […] The post 6 Short Term Financing Options for Growing SMBs appeared first on FundThrough.

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OCR Software vs AP Automation

Ascend Software blog

What is OCR?

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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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What's New with Xero: February 2023

Insightful Accountant

Xero is continually updating and upgrading its accounting platform to provide an enhanced look and feel, improved accessibility and faster features. Here are some of its recent and in-progress enhancements.

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Streamline Your Claims Management Process with Epic and SSI Integrations

SSI Healthcare Rev Cycle Solutions

Streamline Your Claims Management Process with Epic and SSI Integrations [Live Webinar] Back by popular demand! The SSI Group, LLC (SSI) invites all hospitals and health systems that run Epic as their HIS to a webinar specifically designed to showcase the integrations between our systems. Learn how to simplify your claims process, reduce time to payment, and make it all a snap for your RCM team.

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How to Choose a Finance Tech Stack (CFO Software Checklist)

Sage Intacct

When it comes to CFO software, it pays to be a forward-thinker as well as someone who sets high standards and strives for quality. The SaaS industry is too competitive for corporate leaders to get complacent about their finance tech stack.

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5 Common Payroll Mistakes Businesses Must Avoid

Outsourced Bookeeping

The payroll department is responsible for the delivery of payroll checks, maintenance of employees’ and ex-employees records, wage deduction, calculation of bonuses & overtime, and most importantly, ensuring compliance. This is the only department that deals with and manages functions that impact almost everyone in the organization. A simple delay can be a talking point across the organization, and an innocuous mistake can attract compliance problems for the business.

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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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Nomination Deadline is Just Two Weeks Away

Insightful Accountant

The Nomination Deadline for the Insightful Accountant 2023 ProAdvisor Awards Process is just two weeks away on March 1, 2023. Don't leave yourself off this year's list.

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SURVEY: CFOs Will Fuel Growth with Tech Investments, Not Increased Headcount

AvidXchange

The Controllers Council and Sage recently released the results of the 2023 Controller/CFO Sentiment Study , which surveyed 300 North American CFOs and controllers. The study uncovered how macro-economic trends are shaping corporate finance planning, strategy, priorities and outlooks. Among the findings, the majority of respondents expect topline revenue to increase in 2023, but very few plan to make large investments in headcount for their financial operations to manage such growth.

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Keys to Mutually-beneficial Relationships with an Investor Board

Sage Intacct

Forging a trusted relationship with your investors is one of your career-defining goals and responsibilities as a SaaS CFO. Especially during market turbulence and broader financial instability, your primary investors can be an essential source of capital and stability around resources.

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Understanding the Employee Retention Credit

Brigade

It’s no surprise that the Covid-19 pandemic changed the way most businesses operate. From adjustments to staffing and labor, to remote workplaces and more, businesses have had to make financial decisions to maintain the health of their business. The Employee Retention Credit (ERC) is an opportunity to receive a refundable tax credit for businesses that paid employees while shut down due to the COVID-19 pandemic, or businesses that had a significant decline in gross receipts from March 13, 2020 t

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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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Survey Shows What Small Business Owners Want

Insightful Accountant

Goldman Sachs' poll shows today's entrepreneurs owners want lawmakers to modernize and improve the Small Business Administration.

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5 Common Payroll Mistakes Businesses Must Avoid

Outsourced Bookeeping

The payroll department is responsible for the delivery of payroll checks, maintenance of employees’ and ex-employees records, wage deduction, calculation of bonuses & overtime, and most importantly, ensuring compliance. This is the only department that deals with and manages functions that impact almost everyone in the organization. A simple delay can be a talking point across the organization, and an innocuous mistake can attract compliance problems for the business.

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Amazon ECS Pricing Explained: A 2023 Guide To ECS Costs

CloudZero

With containerization, you can write an application once and run it anywhere. Along with portability, containers are also much more resource-efficient than traditional virtual machines (VMs). However, managing containers at scale can be challenging.

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How to Choose a Finance Tech Stack (CFO Software Checklist)

Sage Intacct

When it comes to CFO software, it pays to be a forward-thinker as well as someone who sets high standards and strives for quality. The SaaS industry is too competitive for corporate leaders to get complacent about their finance tech stack.

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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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Client Hub Launches a Free Recategorize Plan

Insightful Accountant

The new tier will enable accountants to get all their QuickBooks transaction questions resolved from their clients quickly and easily—and the subscription is free.

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Why Accounting Must Mirror the Rise of Digital Commerce

Dext

At Dext, we’ve been documenting the rapid rise of digital commerce and the opportunities it brings to the accounting industry. But, like all seismic change, the rate at which things evolve rarely comes to a grinding halt. In the case of digital commerce, it appears things are accelerating once again.

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A Simple Accounting Policies and Procedures Template for 2023

Jetpack Workflow

Does your accounting firm have a policies and procedures manual for your business or your clients? Or have you avoided creating a manual because it requires too much time and involves too many technical details? There are bookkeeping and accounting business owners who put off assembling a manual and wing it instead. However, not having a defined set of policies and procedures can cause significant problems for your clients and make your work more difficult, especially as your company grows or du

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What is ACH Fraud and How to Combat It

MineralTree

We all know the degree to which the COVID-19 pandemic has shifted the workplace landscape. Back in the early days of the pandemic, businesses quickly evolved their processes seemingly overnight to accommodate new work-from-home set ups for their employees. Despite their best efforts, businesses subsequently suffered from new security challenges. This disruption created a perfect storm for fraudsters and bad actors to exploit new vulnerabilities, particularly those within AP teams, many of which

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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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Resolutions for Business Owners

Insightful Accountant

UBS Wealth Management's Sean Hagerty examines why now is the best time to hit the refresh button on your plans for this year—and beyond.

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The Most Impactful First 2 Steps to Freeing Up Time in Your Firm

Future Firm

Looking for ways to reduce workload while increasing your firm’s capacity? In this episode, I’ll discuss 2 steps you can take to strategically grow your business while reducing work hours and getting the most out of your capacity. Listen Below. 0:33 – The question I got from social media is relevant to a lot of firm owners: How can busy firm owners find time to work on improving their business and reaching their goals while running the firm?

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Small Business Financial Trends for 2023

Nolan Accounting Center

Financial trends are looking quite different than a few years ago. Prior to the COVID-19 pandemic, most people seemed to have a positive outlook on starting a small business. However, post-pandemic, small businesses are facing an array of ever-evolving regulations, overall economic uncertainty, cash flow shortages, and so much more. In addition, 2022 saw staffing shortages, inflation, increasing interest rates, and so much more.

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2023: Why you should consider Outsourcing Payroll Processing

CapActix

Payroll processing is a time-consuming process. Although the time taken to finish payroll processing depends on the size of the organization. The number of employees impacts the time taken to complete payroll processing tasks. Some companies take up to 5-6 days. But before we get into understanding the importance of Payroll Outsourcing, let’s understand payroll processing in its entirety.

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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.