Sat.Nov 23, 2024 - Fri.Nov 29, 2024

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Adapting to E-Invoicing Mandates: Benefits of Invoice Automation

Ascend Software blog

As governments worldwide move toward mandatory electronic invoicing (e-invoicing) systems, businesses are facing a new challenge: adapting their processes to comply with these regulations. At Ascend, we believe that while the transition to e-invoicing may seem daunting, it presents a significant opportunity for businesses to streamline operations, reduce costs, and improve financial accuracy.

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Mastering B2B Payment Negotiation Strategies for New Business Owners

Enterprise Recovery

One of the most challenging parts of starting a business or working independently is deciding on your rates. After that, you must negotiate contract terms with your clients, including asking to get paid for your work. Navigating the complex world of B2B payments can be daunting for business owners, but mastering effective negotiation strategies can ensure you always get paid for your hard work.

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How to Automate the Collection Process to Eliminate Manual Tasks

Gaviti

The sooner your business collects on its invoices, the lower your financial risks and the better your financial position. That means your accounts receivable team will want to do everything in its power to increase cash flow and reduce your DSO. One of the fastest ways to do this is via collections process automation to streamline the A/R process, eliminate manual tasks, and ensure timely follow-up with customers. 6 Steps to Automate Payment Collections for Your Business Smoothly Once your compa

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Final regs issued for clean energy partnership credits

Accounting Today

Entities that co-own clean energy projects can access clean energy tax credits through elective pay, according to the IRS.

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Building a Business Case for Finance Automation

Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.

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Oracle Cloud Supports FOCUS to Level the Playing Field

FinOps Foundation

Key Insight: Oracle is partnering with other clouds and investing in FOCUS to meet customers where they are. At FinOps X in San Diego in June 2024, J.R. Storment , Executive Director of the FinOps Foundation, sat down with Phil Newman , VP of Product Management at Oracle, to talk about FOCUS and to ask Phil what he thinks the Future of FinOps will look like.

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Leverage FP&A for Smarter Financial Planning

Accounting Department

For any business owner, prioritizing the company’s future is essential. Financial planning plays a crucial role in this, enabling business owners to drive growth and broaden their operations. If a business owner hasn’t focused on this aspect, they need to understand what it is, what it does, and how it differs from regular accounting. What Is FP&A?

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Notable 401(k) and IRA plan changes for 2025

Accounting Today

The IRS introduced changes to certain contribution limits to 401(k) and retirement plans for 2025, while some limits will remain the same.

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Why It’s High Time to Upgrade to QuickBooks Enterprise Solutions (QBES)

Ace Cloud Hosting

In the fast-paced realm of business technology, staying updated with the best tools is no longer a luxury—it’s a necessity. Recently, Intuit announced the discontinuation of QuickBooks Desktop products like.

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Happy Thanksgiving From AccountingDepartment.com!

Accounting Department

This year we're especially thankful for our clients and our team - it is their collective energy, positivity, and dedication to success that has made this such a great year.

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Nov 23, Yearend Bookkeeping Q&A

Bookkeeping Essentials

Questions (and answers) I've received about yearend bookkeeping.

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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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IRS phases in Form 1099-K threshold at $2,500 in 2025

Accounting Today

The Internal Revenue Service extended its transition relief Tuesday for the new Form 1099-K information reporting threshold.

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How To Maximize Medicare Reimbursements

RevCycle

Medicare presents both opportunities and challenges for healthcare providers, with reimbursement management being the primary focal point. With complex regulations, evolving policies, and an intricate reimbursement structure, maximizing Medicare reimbursements is critical for the financial health of practices, clinics, and hospitals. In this blog post, we’ll explore practical strategies healthcare providers can use to optimize their Medicare reimbursements.

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100 Best Motivational Quotes About Finance to Boost Your Financial Goals in 2025

Ace Cloud Hosting

Finances can sometimes feel challenging, but the right motivation can change everything. Motivational quotes about finance uniquely inspire us to stay focused, rethink our money habits, and work towards our.

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Data Exports for FOCUS 1.0 is now in general availability

AWS FinOps

Today AWS announced the general availability release of Data Exports for FOCUS 1.0. You can now create exports of your AWS cost and usage data with the FOCUS 1.0 schema with significant specification conformance improvements compared to the public preview released in June 2024. FOCUS (FinOps Open Cost and Usage Standard), supported by the FinOps Foundation, is an open-source cloud cost and usage specification that provides standardization to normalize cost and usage data and simplify cloud finan

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Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.

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Voluntary sales tax disclosure: A potential boon for states and retailers

Accounting Today

A pending proposal from the Streamlined Tax Governing Board would let businesses that haven't been remitting sales tax come in from the cold.

Tax 306
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Why Transparent Pricing Matters in Account Migration Services for Small Businesses in Singapore

Counto

Why Transparent Pricing Matters in Account Migration Services for Small Businesses in Singapore As a small business owner in Singapore, you know that efficiency is key, especially when it comes to managing finances. Migrating your accounting system is a major decision that can impact the future of your business. One crucial factor that will affect the success of your migration is transparent pricing.

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What is a Vendor Portal and Does Your Business Need One?  

AvidXchange

A vendor portal is an online platform where suppliers interact with a company’s procurement and finance teams. Also known as a supplier hub, having one can help your company streamline tasks like order management, invoice submission, and payment tracking. By centralizing communication, a vendor portal is designed to enhance efficiency, improve transparency, and reduce manual errors, fostering strong supplier relationships and accelerating the payment process.

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How to automate Accounts Payable using LLM-Powered Multi Agent Systems

Nanonets

Introduction In today’s fast-paced business landscape, organizations are increasingly turning to AI-driven solutions to automate repetitive processes and enhance efficiency. Accounts Payable (AP) automation, a critical area in financial management, is no exception. Traditional automation methods often fall short when dealing with complex, dynamic tasks requiring contextual understanding.

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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

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Generative AI will upgrade you, not replace you: KPMG

Accounting Today

KPMG research has found gen AI has a 3-17% EBITDA impact, but this is no reason to replace human accountants.

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How to Simplify Account Migrations for Small Businesses in Singapore

Counto

How to Simplify Account Migrations for Small Businesses in Singapore For small businesses in Singapore , migrating to a new accounting system is a crucial yet often daunting task. The transition from one platform to another can impact daily operations if not handled efficiently. However, with the right a ccounting services and approach, account migrations can be streamlined, ensuring minimal disruptions and maximum accuracy. 1.

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How to Simplify Client Document Requests Using Digital Management Tools

LedgerDocs

Managing bookkeeping documents can feel like an uphill battle, especially when it comes to collecting documents, receipts, invoices and bank statements from your clients. The endless back-and-forth of emails, phone calls, and manual reminders needed to get just one document in your inbox can really begin to eat away at your productivity. This is where our document management system for accountants and bookkeepers comes in.

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8 Beautiful CFO Dashboards that Will Make Your Life Easier

finout

What Is a CFO Dashboard? CFOs in modern organizations face numerous challenges, including managing increasing volumes of data, balancing short-term financial health with long-term strategic goals, and responding swiftly to market changes. The complexity of global operations, regulatory requirements, and the demand for detailed financial reporting add layers of difficulty to their role.

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Cash Flow Secrets Every Upskilled CPA Should Know

Speaker: Debra L. Robinson

CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.

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Can PE buy transformation?

Accounting Today

Many private equity-backed firms at Accounting Today's PE Summit think so, along with much more.

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Understanding Account Migration Fees: Essential Insights for Small Business Owners in Singapore

Counto

Understanding Account Migration Fees: Essential Insights for Small Business Owners in Singapore As a small business owner in Singapore, migrating your accounting system or switching accountants may feel overwhelming. Whether you’re moving to new software or seeking fresh expertise, understanding account migration fees is key to making an informed decision.

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3 Benefits of Automating Expense Report Processing for Growing Businesses

NextProcess

For small to mid-size businesses, having an entire department, or even a single employee, devoted to travel and expense management might seem unnecessary. If you only have a few dozen employees, for example, and theyre not traveling that often, it makes sense to just hand expense report processing over to someone working with other financial processes.

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Nov 29, Latest IRS News For U.S. Work From Home Business Owners

Bookkeeping Essentials

Latest IRS news about on 2025 COLA & FICA and information of interest to U.S. business owners who do their own bookkeeping or work from home bookkeepers.

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Profit in the Details: Rethinking Spend for Monumental Impact

Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g

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IRS funding and preparer oversight are top issues for IRSAC

Accounting Today

The IRS Advisory Council's annual report covered 37 different areas of concern and recommendations.

Tax 290
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How Counto’s Accounting Services Help You Save Money on Account Migrations

Counto

How Counto’s Accounting Services Help You Save Money on Account Migrations Migrating accounts can be one of the most challenging and costly tasks for any business, especially for small business owners. From transferring vast amounts of financial data to ensuring compliance with regulations, the process can feel overwhelming. The added cost of hiring multiple service providers or managing manual processes only makes it more stressful.

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The Macy's Thanksgiving accounting mystery

Blake Oliver

There is no better way to prepare for the Macy's Thanksgiving Day Parade than with the Macy's Delayed Earnings Release. Get the full story (plus plenty of speculation) about how Macy's failed to catch an employee who "intentionally made erroneous accounting accrual entries to hide approximately $132 to $154 million" over 3 years. What was the motive?

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9 Advantages & Benefits of Accounting Software for Startups

Outsourced Bookeeping

As SMEs work with limited funds and resources, most startups are inefficient at managing their cash flow, expenses, and the legal requirements on taxes. The right tools can make a huge difference in fulfilling these tasks, building a substantial base for startups to influence growth. This blog identifies the most important advantages of accounting software for small businesses and highlights why startups need professional accounting software to manage their finances.

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Navigating Bleisure Travel: A Guide for Mid-Sized Companies

Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.