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What is labour productivity and how does it impact your business?

Xero

If you or your clients are looking for ways to grow profits, drop prices or pay staff more, then one strategy is to lift productivity in your business. But what is productivity exactly (hint: it’s not about working longer hours), and how can you lift it in your small business or practice? What is small business productivity?

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Utility Overdue Bills Rise for More Households, Says Fed Survey

CPA Practice

trillion, according to the Federal Reserve Bank of New York’s Quarterly Report on Household Debt and Credit released Tuesday. trillion in the first quarter of 2024, according to the report. percentage points lower than the fourth quarter of 2019, but delinquency transition rates increased for all product types, according to the Fed.

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Hot Synder Reporting Feature: Keep Track of Your Business Analytics

Snyder

Have you ever wanted your accounting to help not only with bank reconciliation, but also with learning about your customers and your business performance in general? Then we’re happy to introduce the new Synder reporting feature — Business Insights ! Sound compelling? Sound compelling?

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Least Performing Products Report: a Short Overview

Snyder

What is the Least Performing Products Report? Most eCommerce store owners spend most of their time focused on top-selling products and driving lead conversion. However, there are opportunities to drive sales and profit growth by improving lower-performing products.

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Audit automation: Exploring the benefits of Checkpoint Engage Single Audit

ThomsonReuters

Each year, accounting firms perform approximately 40,000 Single Audits, making the time, effort and expenses involved in them overwhelming, to say the least. The application determines which awards must be audited and prepares a compliance audit program containing the procedures that must be performed.

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Is your tax department spending more time and money because of audits?

ThomsonReuters

Automation is also considered an essential part of improving processes and productivity. 72% of the under-resourced departments incurred at least one audit within the last twelve months.” Mikulaninecova emphasized the increased adoption of qualitative Key Performance Indicators, or KPIs, for short.

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AI in Accounting: A Guide Written by Artificial Intelligence

Ryan Lazanis

This includes tasks such as financial reporting, audit and compliance, fraud detection, and data analysis. Artificial intelligence (AI) can perform various tasks related to accounting, such as data entry, analysis, and report generation. In fact, ChatGPT wrote the above description: Can AI Replace Accountants?

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