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Number Of Corporate Accounting Errors Unexpectedly Climbs

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Errors can be anything from a misapplication of accounting principles to an error in inputs in accounting software or an error in [Microsoft] Excel schedules,” said Michael Burke, partner at accounting firm UHY LLP, according to The Wall Street Journal. percent stake in CWGS Enterprises.

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Gappify Launches Chatbot For Corporate Accountants

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The solution is integrated into Gappify’s cloud accounting software and can complete various tasks related to accounts payable, accounts receivable, payroll and other cash management functions, the company said. Gappify isn’t the only company to design a bot for corporate accounting purposes.

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Accountants May Be Bucking The Innovation-Averse Trend

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The future of the corporate accountant is in flux. FinTechs are developing ways to automate accounting tasks, forcing human accountants to provide more strategic, value-added services. That doesn’t mean corporate accountants are jumping ship, however.

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Robotics Aims To Empower Accountants When ‘Automation’ Falls Short

PYMNTS

But, tools like electronic payments and cloud accounting software are far from the only forces that alter the corporate accounting landscape. There is a bit of a lag with accounting in terms of understanding what’s going on,” he said. “We We accountants are typically slow to change.”.

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The Gig Economy Grows Up

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Companies that outsource large amounts of work in a freelance model are learning that legacy accounting software isn’t set up for that. As detailed in the report, California’s Assembly Bill 5 may be an unwelcome disruption for gig workers, even as it attempts to bring fairness and corporate accountability to their lives.

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Open Banking APIs Meet B2B Payments

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Payments providers can automatically access payment data to seamlessly transfer funds between banks without building custom software for each bank with which they connect.

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Pulling Back The Curtain On Corporate Finance Reports

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Corporate accounting standards are changing, with the Financial Accounting Standards Board adopting new standards in ways companies report on leases, hedging and other financial activity. ’s 9,000 publicly listed companies spiked in 2018 after consistent declines since 2006. In the U.K., In the U.S.,

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