ThomsonReuters

JULY 25, 2023

A company’s decision to introduce indirect tax (IDT) automation into its tax processes is often fraught with indecision and uncertainty. Every company’s tax technology journey is different, and it’s not always clear when and how tax automation should be incorporated or what the benefits will be.

Technology 93

Technology Tax audit Sales 93

Airbase

OCTOBER 23, 2023

In this blog, we’ll delve into the intricacies of three-way matching, exploring what it entails and, most importantly, why it holds such a pivotal role in modern accounting and procurement practices. How 3-way matching works. Benefits of automating 3-way matching. Benefits of automating 3-way matching.

accounts payable 130

accounts payable AP Automation Technology accounting and finance 130

Acterys

JANUARY 31, 2023

In this blog, we cover some basics about inventory planning: what it is, why do you need it, and what are its benefits and challenges. Inventory planning is defined as the process of: Determining the most optimal restocking strategy for a business to meet customer demand, reduce costs and increase profitability.

Manufacturing 130

Manufacturing Sales Maine Retail 130

Xero

DECEMBER 6, 2023

As 2024 approaches, it’s a good time for small business owners to think about business planning for the next 12 months. The most successful businesses in 2024 will be those that focus on lifting their productivity. This is good for those businesses and also for the overall world economy as it emerges from the inflation crisis.

Agriculture 108

Agriculture Hospitality Start-ups 108

ThomsonReuters

JULY 25, 2023

To keep pace in an increasingly competitive landscape, forward-looking firms are investing in artificial intelligence (AI) solutions to automate tax workflow, open up additional revenue streams, and better serve clients. If your firm is considering an investment in tax technology, the time is now.

Technology 98

Technology Tax audit accounting firms 98

CPA Practice

MAY 18, 2023

From the Thomson Reuters Tax & Accounting Blog. With Mental Health Month upon us, this is a good time to think about strategies to ensure that your teams maintain a healthy work-life balance. How can technology help accountants’ mental health? Working in the tax and accounting industry can be a stressful job.

Technology 98

Technology Account accountant accounted 98

CPA Practice

JUNE 9, 2023

Content Creation: AI can generate content, such as product descriptions, blog posts, and social media updates, based on predefined templates and user data. In Action To demonstrate how generative AI can assist you and your team in its day-to-day grind, I’ve created this content creation example using Chat GPT’s 3.5

Construction 98

Construction Account accountant accounted 98

MyIRSRelief

AUGUST 1, 2023

In this blog post, we will explore the common tax compliance challenges faced by trucking companies and highlight how our specialized tax firm can offer tailored solutions to help them overcome these hurdles. Accurate reporting of these benefits and deductions is essential to prevent errors and discrepancies in tax filings.

payroll tax 130

payroll tax Tax payroll audit 130

ThomsonReuters

DECEMBER 8, 2023

But for those who embrace AI, there is a strategic opportunity to capitalize on its many benefits while protecting and even uplifting the irreplaceable human connection. The transformative impact of AI in accounting How can accounting firms leverage AI? How can accounting firms leverage AI? Audit automation.

Account 108

Account accountant accounted Technology 108

ThomsonReuters

JUNE 16, 2023

However, in light of the strained bandwidth sweeping the profession, firms may be wondering how they can effectively meet the growing list of needs. Data analytics enable accounting professionals to provide clients the valuable insights they need to improve their business, drive efficiencies, and enhance risk management.

Account 98

Account accountant accounted Technology 98

CPA Practice

NOVEMBER 14, 2023

“Accounting professionals are our most valued partner; QuickBooks Connect allows us to foster deeper relationships with them so we can work better together to empower and fuel small business success,” said Jeremy Sulzmann, vice president of the Partners Segment Business for Accountants at Intuit QuickBooks.

quickbooks 119

quickbooks E-commerce Approval Workflows Account 119

ThomsonReuters

JUNE 28, 2023

In a rapidly changing and increasingly competitive business environment, it is essential for audit firms to stay ahead of the curve and remain competitive. In this article, we will explore how using data analytics and automation can help enhance the auditing process, achieve greater operational efficiency, and ultimately set your firm apart.

audit 98

audit Technology auditor Start-ups 98

Ryan Lazanis

APRIL 18, 2023

Benefits of Artificial Intelligence How is AI Used in Accounting? How to Get Started With Accounting Intelligence How AI Was Used to Write This Article What is AI in Accounting? Benefits of Artificial Intelligence Let’s take a look at the benefits of Artificial Intelligence (AI) in accounting and our daily lives.

Account 96

Account accountant accounted Technology 96

DuctTapeMarketing

DECEMBER 16, 2020

7 Small Business Trends that Arrived Just in Time for 2021 written by John Jantsch read more at Duct Tape Marketing. This blog post is brought to you by GoDaddy Pro. Add to that that a trend has usually long since “tipped” in the main by the time it’s honestly something that small business owners need to heed.

Start-ups 341

Start-ups Technology Education Maine 341

Xero

JANUARY 30, 2024

Property investment accounting, or landlord accounting, manages your property portfolio assisting with tax compliance and return on investment. Your success lies in solid financial and legal foundations to weather storms – real or metaphorical. How much it is depends on location, value, and any concessions you’re eligible for (e.g.

Account 95

Account accountant accounted accounting and finance 95

CPA Practice

MAY 15, 2024

Are your clients considering becoming an Amazon seller? Bringing a business to one of the biggest marketplaces can have its advantages — according to Amazon, there are more than 200 million Amazon Prime members worldwide , and Amazon customers buy roughly 7,400 products per minute from U.S. How does Fulfillment by Amazon work?

Sales 59

Sales Tax South Dakota Maine 59

ThomsonReuters

DECEMBER 8, 2023

Jump to: How AI is transforming audit AI-Assisted Decision Making in Thomson Reuters Cloud Audit Suite Ready to transform audit? How AI is transforming audit Traditionally, auditors have heavily relied on manual processes to uncover risk in financial statements and business operations.

audit 98

audit auditor financial statements Technology 98

ThomsonReuters

JANUARY 4, 2024

Automate what you can 3. Take advantage of wellness benefits The numbers are in, and they reinforce the mental health challenges facing accountants. You’re tasked with doing a full audit for one of your firm’s biggest clients and are told you’ll have 60 days to complete it. Jump to: 1. Shifting deadlines.

Tax 71

Tax Technology payroll tax accounting careers 71

ThomsonReuters

OCTOBER 24, 2023

Jump to: Automation, AI Technology: A Time and Resource Saver Outsourcing: Scale your business and reduce your costs A flexible work model: Expand your talent pool and gain a competitive edge How to handle the shortage of staff in your accounting department Recent trends have only amplified this challenge.

Account 52

Account accountant accounted Technology 52

ThomsonReuters

APRIL 30, 2024

But how do you strike this balance effectively? Let’s explore the powerful combination of technical tax knowledge and emotional savvy, and how they work together to drive client satisfaction, workflow optimization, and profitability. Automation. Let’s take a look. Real-time collaboration.

Technology 52

Technology accounting firms financial statements Tax 52

MineralTree

OCTOBER 26, 2023

Automation is reshaping the way companies manage their financial operations, especially in accounts payable (AP). Understanding how AP automation works and how it streamlines AP processes is vital to keeping your company ahead of the curve in a rapidly evolving business finance landscape.

AP Automation 76

AP Automation Technology AP Processes accounts payable 76

Basis 365

APRIL 3, 2023

As an e-commerce business owner, it's essential to understand your financials and where your money is going. However, many Shopify store owners need to fully understand these fees and how they can affect their financial statements. This fee is based on your chosen plan and can range from $9 to $299 monthly.

E-commerce 102

E-commerce financial statements Sales Account 102

ThomsonReuters

MAY 16, 2024

If you’re an accountant eager to embrace GenAI as a competitive advantage, it’s important to understand the benefits, the risks , and the undeniable impact it will have on the future of work. Consider these benefits: Data entry automation. Let’s take a look. Natural Language Processing (NLP) for client communication.

Tax 52

Tax Account accountant accounted 52

ThomsonReuters

JULY 6, 2023

Offering your clients proactive advice through accounting advisory services is especially important as the regulatory and legislative landscape continues to become increasingly complex. In fact, a Thomson Reuters Institute survey found that 95 percent of tax professionals believe their clients want business advisory services.

Account 98

Account accountant accounted tax return 98

CPA Practice

APRIL 24, 2023

Whether you’re in the midst of digital transformation or just beginning to explore, you’re probably seeing new opportunities to improve your company’s AP processes with the help of technology. Attendees will walk away from the session with tips to improve their AP processes and address economic, staffing, and business continuity challenges.

Technology 80

Technology AP Processes Indiana CPA 80

ThomsonReuters

JANUARY 16, 2024

It involves many aspects of your life, such as physical and mental health , emotions, environment, and social relationships. How is wellness different from health? Health is your current state of being, both mentally and physically. It can be affected by diseases, injuries, or other factors that impair your well-being.

Tax 52

Tax Account accountant accounted 52

MineralTree

APRIL 4, 2024

Leveraging AP automation for a faster process The invoice approval process is a bottleneck for many AP teams. Automation lets you set up custom workflows that automatically route invoices through the various steps of approval. Automating invoice approvals with NetSuite in this way boosts accuracy and efficiency.

Approval Workflows 52

Approval Workflows NetSuite AP Automation Technology 52

Xero

SEPTEMBER 25, 2023

This guest blog was written by the team at the leading bank payment solution, GoCardless. With interest rates at the highest level since 2012 in Australia and costs rising across the board, it can feel like the macro environment is designed to dent you and your clients’ businesses. But it’s not all doom and gloom.

Account 90

Account accountant accounted Start-ups 90

Acterys

FEBRUARY 14, 2023

In this blog, we will explore the various solutions available for inventory planning and help you choose the best that fits your business needs. How to Perform Inventory Planning? For this reason, opting for the right planning solution can offer huge benefits to your business. Let’s get started.

Technology 130

Technology Start-ups Manufacturing Finance 130

Acterys

JULY 10, 2023

If the term “AI” catches your eye, it’s highly likely that ChatGPT comes to mind. Is AI adoption merely a convenient tool for addressing a few immediate inquiries, or does it provide a strong mechanism for capitalizing on emerging business opportunities almost instantaneously?

Gaming 130

Gaming accounting and finance accounting software Technology 130

ThomsonReuters

JANUARY 4, 2024

Jump to: Utilize short-term staffing solutions Incorporate AI and automation into your workflow Become a strategic advisor As accounting firms usher in 2024, it’s important to take a fresh look at the business landscape — both its challenges and its opportunities — to best prepare for the year ahead.

tax planning 78

tax planning Tax Technology tax return 78

DuctTapeMarketing

JULY 14, 2018

Marketing Training for your team. Consulting Business. Marketing Automation. Small Business Finances. Bookkeeping Fundamentals for Small Business Owners. Bookkeeping Fundamentals for Small Business Owners. Being a small business owner means long hours and longer to-do lists. Strategy First.

bookkeeping 238

bookkeeping accounting and finance accounting software bookkeeping services 238

ThomsonReuters

NOVEMBER 8, 2022

But how do you take full advantage of technology to streamline accounting processes? . The answer lies in implementing an end-to-end tax workflow automation solution backed by an integrated technology ecosystem. The ability to unleash your firm’s true potential and focus in on what matters most: analyzing data, advising clients, and?

Technology 105

Technology Account accountant accounted 105

ThomsonReuters

AUGUST 3, 2023

These questions can be related to changes in regulatory and compliance standards , ESG , and general business advice. The industry is already seeing a trend toward client service expanding beyond the scope of tax reporting to stakeholder reporting, tax optimization advice, and business performance analysis.

Technology 98

Technology accounting firms Tax Account 98

ThomsonReuters

MAY 15, 2023

As AI technology becomes increasingly sophisticated, it presents CPAs with a range of opportunities to enhance their advisory services through automated processes, real-time insights, and personalized advice. Automation of mundane tasks, real-time insights, and personalized advice are just some of AI’s benefits to the industry.

Tax 98

Tax cpas Account accountant 98

Xero

AUGUST 3, 2023

Plus, with more than 70 app partners from the Xero ecosystem exhibiting at Xerocon Sydney on 23-24 August, it’s also the best opportunity you’ll have all year to connect with and learn about apps that can take your practice to the next level. What are the key pain points in your practice? What do your clients need most?

bookkeeping 81

bookkeeping Start-ups Maine Account 81

ThomsonReuters

JUNE 16, 2023

Is your firm among them? This was followed by: Work/life balance ( 34 percent) Managing burnout (31 percent) Economic uncertainty (24 percent) The question then becomes, how do firms manage strained firm capabilities? How do you identify strained accounting staff? How can they identify strained accounting staff?

accounting firms 98

accounting firms Account accountant accounted 98