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Is it time to upgrade? Tips for changing accounting systems in 2025

Accounting Seed

Changing accounting systems can feel intimidating. Even if the legacy accounting system you currently use doesnt have the features, speed, or power you need, at least its familiar. Sometimes though, the benefits of switching to new software begins to outweigh the cost of learning a new system.

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Why Widely Supported Accounting Systems Are the Smarter Choice for Businesses

AccountingDepartment

Bench was known for its proprietary accounting system, which unfortunately became an obstacle for its clients during the transition. This event underscores an essential lesson for every business owner and entrepreneurchoosing the right accounting system can make or break your operations.

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Understanding Cash vs. Accrual Accounting

Withum

Ultimately, the modified cash basis offers a flexible accounting solution, allowing businesses to maintain more straightforward reporting while achieving a more accurate financial picture than cash-based accounting alone. Let’s Chat The post Understanding Cash vs. Accrual Accounting appeared first on Withum.

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Decisions 2024: The Opportunities for Accounting Firms Have Never Been Greater

CPA Practice

Validis : With notable improvements in financial statement ingestion, the ability to read financials from all accounting systems, and a preliminary partnership with Suralink , this audit support product may be the most improved year over year. TeamMate : Provides a suite of audit management and analytics tools.

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Automating Vendor Bills: Solving Six Major Pain Points for Small Businesses

This report covers key topics such as: automating the input of vendor bills to the accounting system, having an automated workflow for approvals, being able to search for invoice data on both paid and current invoices, and automating payment processes.

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An Expert’s Guide to the Year-End Close Process

Withum

Contact Us Want to learn how Withum can help with your year-end close and accounting? Reach out to our Outsourced Accounting Systems and Services Team for more information. Prioritize accuracy, transparency and thoroughness, enabling your business to step into the new year confidently.

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How to Collect Cash Faster for your Business

Basis 365

Coordinate with Accounting: Keep the accounting team informed of project progress so they can invoice immediately upon milestone completion if they generate invoices. If operations generates the invoices, ensure the system automates the process if getting that invoice into the accounting system so it's on their radar.