2021

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8 Key Findings from the First Annual FinOps Tech Stack Efficiency Survey Results

Sage Intacct

Companies are continually striving to improve their performance and it is important to know how you stack up to your peers. As FinOps takes a bigger role in charting the growth of a SaaS company, what are the benchmarks for what to do, and when? Sage Intacct, The SaaS CFO, and RevOps Squared conducted research throughout Summer 2021 to benchmark how recurring revenue companies managed the financial reporting process.

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Computer Services, Inc. (CSI) chooses Ascend Software as their AP Automation Provider

Ascend Software blog

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How to motivate yourself to do your bookkeeping (secrets from a bookkeeper)

The Savvy Bookkeeping Blog

You lean over and turn off your computer after a full day of work. You feel relieved that another day is done. Your mind turns to what you’re going to have for tea and whether you’re going to need anything from the supermarket.

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The DNA of an Accounts Payable Department: By Alistair Nicholas, Managing Director, Esker Northern Europe

AP Association

The Accounts Payable (AP) function is a critical backbone for managing cashflow and fostering business resilience within an organisation – but what of the people, processes and environment that make up AP? In conjunction with Jamie Radford, the founder of Accounts Payable Association and APTV, Esker have created a series of short videos, looking not only at this genetic make-up, but also how AP has changed across the past 10 years, and will continue to do so into the future.

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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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ACCOUNTS PAYABLE RECOVERY AUDITS – WHAT ARE THEY AND WHY SHOULD THEY BE CONSIDERED A BEST PRACTICE?

The Institute of Financial Operations

WHAT IS AN ACCOUNTS PAYABLE RECOVERY AUDIT? Quite simply, it is a review of your Accounts Payable historical data for the purpose of identifying and recovering funds paid to your vendors and suppliers resulting from overpayments and under-deductions. The reasons for these erroneous payments are numerous and areas of recovery can include duplicate or wrong payments, open/unapplied supplier credits, unrecorded accruals/rebates/allowances, contract/purchase order terms compliance, pricing errors, m

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Snowflake vs. Redshift: Which One Is Best For You?

CloudZero

Data is a key business intelligence tool. Successful businesses rely on data to make decisions. And every business needs a secure destination for storing collected data for later analysis. Cloud-based data warehouses are increasingly becoming the go-to destination.

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Using journal entries in a QBO cleanup without messing up the books

5 Minute Bookkeeping

When you’ve got a problem in QuickBooks Online, the ‘easy fix’ is making a journal entry…right? As an accounting professional, you may have been trained to use journal entries liberally (I know I was), but in QBO there are some situations where journal entries help, and some where they can really mess up the books ! The key is knowing which is which and what goes on inside QBO when you create journal entries to make corrections.

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How to Reduce Your AP Costs by 75 Percent

IPS

Every business wants to do more with less these days. Sixty-two percent of businesses reduced expenses because of the economic volatility caused by the pandemic, the. Institute of Finance and Management (IOFM) reports.

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Preparing Your Firm For The Future with Accounting & Taxation Service

Billah and Associates

The financial industry is evolving. In 2018, The Wall Street Journal provided details regarding a new review from Deloitte that featured a significant pattern affecting the financial business labour force. As per the review, 63% of CFOs foresee finance experts will require abilities in information analysis, forecasting results, and decision-making assistance within the next three years.

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11 Statistics Why No Organization Is Immune To Financial Fraud

Oversight

O rganizations around the world lose approximately five percent of their annual revenues to financial fraud, according to a survey by The Association of Certified Fraud Examiners (ACFE). The data can be surprising and gains the attention of anti-fraud practitioners, organizational leaders, and financial managers. Here, we reference 11 statistics that prove no organization is immune to the misrepresentation of financial assets.

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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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Planning High ACV Automated Billing and Revenue Recognition Models

Sage Intacct

The ultimate success of high ACV SaaS startups is tied directly to the CFO building the right model and financial system.

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What is the Procure to Pay Process?

Ascend Software blog

If you've been in the Finance and Accounting world for a while, this should be nothing new to you. But, for everyone else, we've organized it into eight simple steps.

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8 Tips for Successful CATS Trust Account Reconciliations

The Savvy Bookkeeping Blog

I’ve been providing bookkeeping services to conveyancers now for several years, and have witnessed the transition from desktop software and paper forms to eConveyancing and cloud based practice management software. In fact I worked in the conveyancing and legal industry 20 years ago and the changes from then to now have been substantial.

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Lessons Learned: How One Accounting Department Evolved During Unusual Times

AvidXchange

This article, written by Matthew Cleary, VP of Accounting Operations for Douglas Elliman Property Management , is an excerpt from our recent eBook “Expert Insights: The New State of Real Estate,” available for download here. Download our full report: The New State of Real Estate Over the past few years, my company’s accounting department converted communications and reporting systems with the ultimate goal of becoming completely digital.

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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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Killer Proposals Webinar: How to Stand Out and Win the Work

FreshBooks

In this webinar, learn how to stand out and win clients, while staying true to your vision and worth. Our speaker is Stefan Palios, Founder of Freelance Sales Blueprint, a program that teaches freelancers how to sell more, at higher rates, to better clients. Stefan has trained everyone from independent freelancers all the way up […] The post Killer Proposals Webinar: How to Stand Out and Win the Work appeared first on FreshBooks Blog - Resources & Advice for Small Business Owners.

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Netflix Architecture: How Much Does Netflix's AWS Cost?

CloudZero

If Netflix was a series, it would be a blockbuster. Each season would be nothing short of dramatic to the chagrin of investors.

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Fixed Price and Cost Reimbursement Contracts

SMB Accounting and Consulting

When applying for government contracts, it’s important to understand the types of contract options that are available to you. Each type of contract carries its own risks and opportunities and can help you make decisions when compiling your proposal. Project managers should work closely with their team to manage resources, track the project’s performance to budget, and communicate with the accounting department to review billing rates to make sure the contract remains profitable.

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How to get started as a virtual bookkeeper in 7 steps

5 Minute Bookkeeping

Are you new to virtual bookkeeping? Maybe you’re not even officially a new bookkeeper yet, but you’re seriously thinking about it. If you are starting your journey into the virtual bookkeeping field (or you’re considering it), in this article we’ll go over how to get started as a virtual bookkeeper in 7 steps. The benefits of virtual bookkeeping abound.

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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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How SAP Ariba/DSN Users Can Solve the 'Last Mile' of AP Automation

IPS

The benefits of the SAP Ariba/Digital Supplier Network (DSN) are tantalizing:

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Azure Data Pipelines: Comparing Data Factory and Synapse Cost Profiles

Azure FinOps

The movement of data from one place to another is one of the oldest and often, most difficult information technology activities. Add a transformation element, the classic ETL task, and things can become complex. On Azure, there are primarily two, platform native ways to perform data movement. One method is to use Azure Data Factory , a purpose-built service designed to address the need for a reliable, relatively simple ETL service and Azure Synapse Analytics which offers a pipeline component as

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Counting Clouds Saves 200 Hours per Month with Dext Suite

Dext

About Counting Clouds When the self-described Boss Lady of Counting Clouds, Line Paras, talks about her bookkeeping business, she exudes all the passion that you’d expect to hear from a creator describing their work.

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Will AI Replace Humans in Finance?

Oversight

One of the most effective and intimidating advancements in finance is the adoption of artificial intelligence (AI) to transform the industry with streamlined processes. As technology continues to advance, there seems to be a growing fear that AI will replace humans in every conceivable professional field.

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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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Invoice Management: PO Invoices vs. Non-PO Invoices.

Ascend Software blog

Your costs are… costly. It’s interesting to consider that the function of processing and paying invoices has significant costs associated with it. Maybe “interesting” is the wrong word. Below we examine the differences between PO-matched invoices and non-PO invoices and how their processing costs affect an organization. If you want to learn about all six processes and issues that cause exponential increases in AP costs and how to avoid them, read our free report, Overpaying to Pay Invoices.

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Cliniko – A Business Owner’s Perspective

The Savvy Bookkeeping Blog

Trying to choose the right software to use in your business can be difficult. Having the opportunity to see what other business owners who are already using that software think about it can be a huge help.

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4 Compelling Reasons to Use AP Automation for HOA Management

AvidXchange

Why should you as a finance pro for a community association management (CAM) company start using accounts payable (AP) automation for homeowner association (HOA) management? We’re going to answer that question – but in a different way. We’re not going to give you an extensive list of 15-to-20 generic reasons. Instead, we’ll share four carefully selected and actionable reasons most relevant to you now.

AP 52
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How to Make Accounting & Taxation Service Stress Free

Billah and Associates

Indeed, tax season is an overwhelming time for both the taxpayers and bookkeepers who help in planning for the season. Everybody realizes that when the clock strikes close to January, then, at that point, taxation services in Etobicoke , are toward the back of each entrepreneur and salaryman’s mind. The staggering amount of desk work, severe cutoff times, a colossal number of rules and dread of not knowing the amount you owe is getting heavy on taxpayers all day long.

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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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The 15 Best Container Monitoring Tools For Kubernetes And Docker

CloudZero

There are many tangible benefits to using containers for your computing needs. Containers help break large applications into smaller packages that are more agile, scalable on-demand, resilient, cost-effective, and less resource-hungry than monolithic apps or workloads running on traditional virtual machines (VMs) or bare metal servers.

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Matching Bank Feeds in QuickBooks

SMB Accounting and Consulting

In QuickBooks Online and Desktop, the Bank Feed is a nifty tool for importing transactions directly from your bank. Each transaction that the bank processes will show up in QuickBooks for you to categorize into the proper Income, Expense, or Balance Sheet account. What happens when a transaction in your Bank Feed has already been recorded directly through QuickBooks, like invoices you added to Accounts Receivable or a bill you wanted to show in Accounts Payable?

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How to charge for bookkeeping services

5 Minute Bookkeeping

Is not knowing how to charge for bookkeeping services holding you back? I know that for many virtual bookkeepers, the problem isn’t the technical know-how, the problem is being able to confidently price their services. In this blog post, I’ll share the knowledge I’ve gathered over the years on how to charge for bookkeeping services. By far, the most frequently asked question in my Facebook community is how much should I charge for bookkeeping services?

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Attributes of a High-Performance Supplier Payments Function

IPS

Businesses are demanding more from finance professionals. CFOs, treasurers and AP leaders are expected to help guide the business through these tough times.

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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.