May, 2025

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Accountants need to transform in the face of AI

Accounting Today

The growing capabilities of artificial intelligence mean the profession can't afford to be complacent, one expert says.

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Time is money. Small business moves fast. Payments should too.

Intuit

Small businesses are facing a confluence of challenges: persistent inflation, ongoing labor shortages, and the rising costs of goods. In difficult macroeconomic conditions, efficiency and access to capital are more critical than ever. Policymakers have an opportunity to provide small business owners with a much-needed boost by modernizing the very infrastructure that underpins how businesses get paid.

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Master Financial Success: Strategic Planning for SMB Growth

Accounting Department

Running a small to medium-sized business (SMB) comes with its own set of challenges and rewards. One of the most pivotal aspects of ensuring your business's success is strategic financial planning. While it might seem daunting, mastering this process can propel your business growth and profitability to new heights. This blog post will walk you through the critical steps in strategic financial planning tailored specifically for SMB owners.

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New report: Going digital in 2025 – The economic benefits of digital tools

Xero

If youre a small business owner, accountant or bookkeeper, you already know how crucial it is to stay ahead in a competitive and ever-changing digital environment. A new report from Xero, in partnership with the New Zealand Institute of Economic Research (NZIER), highlights the productivity gains Kiwi small- and medium-size enterprises (SMEs) stand to gain through accelerated digitalisation: According to the report, boosting digital adoption across New Zealands small businesses could contribute

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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.

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FinOps Foundation Adds New Premier Members Reflecting the Expanded Practice

FinOps Foundation

New Premier Members Including American Express, NVIDIA, AMD, ServiceNow and Snowflake Reflect the Expanding FinOps Practices, and will gather in San Diego at FinOps X

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Dynamics GP Reconcile to GL - Save Time at Month-End in Accounts Payable

Fidesic blog

Did you know Microsoft Dynamics GP includes a powerful feature that can significantly reduce the time and effort required to reconcile your Accounts Payable subledger with your General Ledger? In this post we will tell you about Great Plains' Reconcile to GL tool, how to use it and the how it helps AP teams reduce month-end stress.

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Choosing the Right AP Automation Strategy Inside Workday: A Framework for Modern Teams

Ascend Software blog

As finance teams evolve, the way they approach accounts payable (AP) automation is shiftingfrom standalone tools to integrated strategies. In Workday environments, this shift is even more pronounced. Choosing the right AP automation path isnt just about software features; its about making ecosystem-aligned decisions that elevate performance without complicating your tech stack.

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5 Signs It’s Time to Outsource Your Business Accounting

Accounting Department

Running a business means wearing many hats, but as your company grows, certain tasks become too difficult to manage in-house. One of the most challenging areas for growing businesses is accounting. Between compliance, financial reporting, and keeping the books clean, managing finances in-house can quickly shift from practical to overwhelming.

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Are Rising National Insurance Costs Putting Quality Care at Risk?

Compleatable

A Wake-Up Call for the Sector If you’re leading the finances or operations of a hospice or care home, you’ve probably already felt the tightening on budgets. The recent news that at least five Scottish care homes have shut their doors, partly due to a hike in National Insurance, is more than just concerning, its a sign of deeper issues that demand attention.

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6 Tips for Financial Planning for Retirement from Your Business 

Nolan Accounting Center

Youve successfully operated your small business for years. Its likely been your brainchild and your dream. But now, its time to retire. For business owners who make the difficult retirement decision, it is critical to approach financial planning for retirement as far in advance as possible, with plenty of due diligence and with professional assistance.

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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

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The Biggest 401(k) Mistakes Costing Americans Millions

Stephanie Peterson

By Stephanie Peterson, Advanced QuickBooks ProAdvisor | Superior Virtual Bookkeeping LLCWhen it comes to retirement planning, one of the most powerful tools Americans have is the 401(k). Yet, despite its potential, millions of dollars are lost each year due to common and avoidable mistakes.

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Fastest-growing firms spend double on marketing

Accounting Today

The fastest-growing accounting firms spend twice as much on their marketing budget than all other firms, an AAM study finds.

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Built for Complexity: Why True AP Automation Starts with the Right Architecture

Ascend Software blog

In a space filled with buzzwords like "intelligent automation" and "AI-powered workflows," it's easy to lose sight of what actually makes great software workespecially in enterprise environments with massive invoice volume, strict compliance needs, and cross-departmental complexity.

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ADC Attends The 2025 CEO Coaching Make BIG Happen Summit

Accounting Department

Last week, AccountingDepartment.com Business Development Representative, Shawn Marcum hit the road and attended the CEO Coaching Make BIG Happen Summit in Miami, FL.

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

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Smarter Spending & Budget Control with Advanced AP Automation for Charities

Compleatable

Watch: Smarter Spending & Budget Control with Advanced AP Automation for Charities Fill in the form to access the on-demand recording of our webinar session looking specifically at how UK Charities are saving time and money with smarter AP automation. Name Work Email Address Job Title Watch the video Watch: Smarter Spending & Budget Control with Advanced AP Automation for Charities The post Smarter Spending & Budget Control with Advanced AP Automation for Charities first appeared on

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What does outsourced accounting look like for e-commerce businesses?

Outsourced Bookeeping

Managing the finances effectively is important for the growth and success of any e-commerce business. When company grows, finance management becomes complicated. E-commerce outsourced accounting helps in saving overhead costs, enhances accuracy, and also offers specialized proficiency which allows you to focus on your core business processes. If you are also an e-commerce company struggling with your accounts, then this blog is for you.

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Different Types of Accounting Methods (And How to Choose the Right One for Your Business)

Analytix Finance & Accounting

The difference often comes down to one unsexy but critical decision: their accounting method. Here’s the truth , 82% of business failures stem from poor financial management. Your accounting method isn’t just some administrative choice, it’s the foundation of your financial decision-making system. Think about it. Would you drive cross-country using the wrong map?

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The 2025 Best Firms for Technology

Accounting Today

Artificial intelligence is a key consideration for these 10 technology pioneers.

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Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.

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Why Paying Your Estimated Taxes Matters – A Crucial Guide for Small Business Owners in Murrieta, Temecula, Wildomar, Menifee, and Beyond

Stephanie Peterson

As a solo business owner in beautiful Southern California, managing your cash flow, keeping up with clients, and staying on top of your books is already a full-time job. But one responsibility that often gets overlooked, and can cause major headaches down the road, is paying your estimated taxes.

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AI in Collections: Benefits and Top Use Cases for 2025

Gaviti

In today’s rapidly evolving financial landscape, the collections process is undergoing a significant transformation driven by artificial intelligence. As we navigate through 2025, organizations are increasingly turning to AI-powered solutions to streamline their accounts receivable operations, reduce manual workloads, and improve recovery rates.

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7 Signs Your Charity’s Finance Processes Are Already Ahead

Compleatable

If your charity is already running a tight ship when it comes to finance, you’re likely seeing the benefits in saved time, reduced stress, and better strategic outcomes. Many organisations are still catching up, so if you spot these signs in your own processes, it’s a clear indicator that you’re ahead of the curve. 1) You Have a Real-Time View of Spend Against Budgets If you can instantly see how each department is tracking against its budget, you’re not just in control

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Avoid These Costly, Yet Common Small Business Bookkeeping Mistakes

Remote Quality Bookkeeping

Small businesses are the backbone of the U.S. economy. As of 2024, there are approximately 34.8 million small businesses nationwide, making up 99.9% of all U.S. businesses and employing nearly half of the private workforce [1]. But running a small business is no small feat. Owners often juggle every role, from customer service to CEO. And while it may feel manageable at first, handling small business bookkeeping without the right system or experience can quickly lead to costly missteps.

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How to Modernize Manufacturing Without Losing Control

Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives

Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri

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The Billion Dollar Accounting CEO w/ Alan Whitman

Jetpack Workflow

Podcast Episode Round-Up In this episode of the Growing Your Firm podcast, host David Cristello welcomes Alan Whitman, the former CEO and chairman of Baker Tilly. Alan shares his remarkable journey of transforming Baker Tilly from a $475 million firm to a $1.5 billion powerhouse. Throughout the conversation, Alan describes how businesses can thrive largely by prioritizing strategy over aimless accumulation.

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Financial advisors are divided over this RMD tax strategy

Accounting Today

A little-known feature of RMD tax withholdings could help minimize a client's effective tax burden. Not all financial advisors are on board with the strategy.

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Construction Bookkeeping That Builds Your Bottom Line — Serving Southern California & Las Vegas

Stephanie Peterson

Build Smarter: Virtual Bookkeeping for Contractors & Construction CompaniesFrom juggling job costing and vendor payments to staying on top of project budgets and union payrollconstruction bookkeeping is notyour average accounting. It requires precision, flexibility, and a deep understanding of the industry.

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The 8 Best AI-Powered Credit Management Solutions of 2025

Gaviti

Effective credit management has always been essential to business success, but as the world evolves, traditional approaches are giving way to technological approaches. Today, artificial intelligence (AI) has become a transformative force, reshaping how businesses handle credit management. AI-driven solutions not only streamline credit processes but significantly reduce risks, create more objective decision making and enhance overall financial health.

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Automation, Evolved: Your New Playbook for Smarter Knowledge Work

Speaker: Frank Taliano

Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.

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Compleat Software and Fintainium announce Strategic Partnership to Deliver Full-Service AI Procurement & Payments Offering

Compleatable

Compleat Software partners with Fintainium to expand end-to-end automated purchasing offering for USA businesses. today announced a new partnership with Fintainium. This new partnership will to a truly seamless, purchase to pay experience. We are thrilled to announce our partnership with Compleat Software, a proven innovator in financial process automation.

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AI for QuickBooks: Automate invoice and AP management

Nanonets

Artificial intelligence is transforming how 10 million QuickBooks customers manage their finances. Businesses using QuickBooks ' AI-powered features get paid five days faster. They are also 10% more likely to receive full payment on overdue invoices. These capabilities free business owners from tedious bookkeeping tasks, allowing them to focus on growth and strategy.

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Why Construction Payroll Services Are Essential for Your Business

Outsourced Bookeeping

Payroll management in the construction industry is not an ordinary task. Its the spine of employee satisfaction, compliance with the law, and smooth project implementation. Payroll is a maze for many construction companies, where they have different job codes, changing shifts, several job sites, and different pay structures. That is why construction payroll services have evolved from being nice-to-have to a must-have for businesses of today.

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House tax bill includes provision eliminating PCAOB

Accounting Today

The far-reaching legislation would transfer the responsibilities of the Public Company Accounting Oversight Board to the Securities and Exchange Commission.

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8 Pillars of Leadership Development

Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.