Reckon

JULY 24, 2023

Alex Alexandrou, General Manager of Reckon, chats about emerging trends in bookkeeping and how to get a genuine edge. The scope for you to offer advisory services that align with your bookkeeping business has evolved significantly.

bookkeeping 52

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ThomsonReuters

APRIL 17, 2024

The emergence of g enerative artificial intelligence ( GenAI ) has sparked both excitement and apprehension in the tax industry, with professionals divided on its potential impact. Access full report The new report The Thomson Reuters Institute has released its latest report on GenAI, titled 2024 GenAI in Professional Services.

Tax 98

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CPA Practice

APRIL 15, 2024

While navigating these challenges, generative AI is emerging as a promising prospect. These intelligent systems streamline tedious tasks such as data entry, reconciliation, and report generation, allowing accountants to focus on strategic decision-making and client advisory services. What is next?

CPA 122

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CPA Practice

DECEMBER 19, 2023

This guide aims to demystify AI for small accounting firms, providing actionable insights into adopting this transformative technology to enhance efficiency, accuracy and value in your services. These tools should help in areas like automated bookkeeping, financial statement analysis and predictive budgeting.

accounting firms 124

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Snyder

AUGUST 12, 2022

What are bookkeeper duties? Sometimes grasping the difference between bookkeeping and accounting can be tricky. Both bookkeepers and accountants work with your finances, both help make your tax reporting a smooth experience. How to choose a bookkeeper? What a small business owner should know: what is bookkeeping?

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5 Minute Bookkeeping

MARCH 3, 2022

Breaking up with bookkeeping clients is hard to do, as the song goes. Since I’ve worked with hundreds of clients, I’ve certainly ‘fired’ or parted ways with my share of bookkeeping clients, but it’s not all bad news. Today I want to share the biggest lessons I’ve learned from firing bookkeeping clients.

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Accounting Insight

AUGUST 22, 2023

The survey of 250 small business leaders in the UK uncovered some major issues relating to the time required to complete bookkeeping tasks, visibility of finances, and general ongoing stress. Perhaps most surprising is that, in an increasingly digital age, 53% of respondents have not considered automating bookkeeping tasks at all.

Technology 52

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xendoo

DECEMBER 6, 2021

Xendoo provides online bookkeeping , accounting, and tax support for your partnership business. When you get behind in your books, you have two choices: lose sleep or turn to a catch-up bookkeeping service to help you out. . What is catch-up bookkeeping? How Catch-Up Bookkeeping Is Different from Ongoing Bookkeeping.

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CPA Practice

AUGUST 21, 2023

Grasping the Essence of Business Continuity Business continuity is not merely about weathering the storm, but emerging from it with minimal damage. For CPAs, it means protecting essential financial data, ensuring uninterrupted client services, and mitigating risks that could jeopardize business stability.

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Xero

JULY 18, 2022

From the local store that’s pivoted online and gone global to the accounting firm that’s embraced flexible working to attract talent, countless success stories have emerged since the pandemic’s arrival. Bookkeeping Partner of the Year. Emerging Small Business of the Year. Financial Services App of the Year.

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CPA Practice

FEBRUARY 23, 2024

Vendors streamlined tasks like bookkeeping which unblocked time for higher-value opportunities, namely client accounting services (CAS). CAS created significant value for staff and clients of accounting departments, evidenced by reports of double-digit annual growth and clients’ willingness to pay up to 20% more for these services.

Technology 64

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Reckon

AUGUST 13, 2023

But that doesn’t mean one needs to cultivate an ad hoc approach to bookkeeping… While shoebox or Excel-based accounting still runs rife in this sector, with 2023’s powerful accounting solutions on the market (which are more affordable than ever) there are no excuses left.

Non-Profits 52

Non-Profits accounting software Account accountant 52

CPA Practice

DECEMBER 11, 2023

As we enter 2024, it’s natural to wonder what the future holds for this transformative emerging technology, especially for accountants. These tools will handle tasks like data entry, reconciliation, and bookkeeping, freeing accountants to focus on more strategic activities like analysis, planning, and consulting.

Technology 124

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MyIRSRelief

JUNE 14, 2021

While even the best practices cannot guarantee that your corporation will not face an emergency or unexpected situation, you can minimize the issues that it faces when you focus on the basics such as the following. This is where the services of a Los Angeles CPA can be most valuable. Know Your Current Financial Status.

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Xero

JUNE 2, 2022

What a hectic few years we’ve all gone through, and the accounting and bookkeeping community has undoubtedly faced some of its toughest challenges yet. Things like embracing new ways of working, offering expanded services, or changing client attitudes towards technology adoption all ranked highly.

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Snyder

NOVEMBER 1, 2022

Accounting software is the primary operational tool for bookkeepers and accountants. What kind of bookkeeping do your clients usually require? Emerging technologies are really taking the market by storm, so the functionalities that weren’t available last month might become a new feature today – do look out for them.

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Anders CPA

FEBRUARY 28, 2024

Cash-centric bookkeeping practices often lean heavily on separating and maintaining different cash accounts. If you’re not at that step yet, taking this approach will help you get started before you start working with professional accounting services. The cost of services is typically far less than the cost of tax penalties.

Transportation 59

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Basis 365

MARCH 19, 2024

As businesses evolve, so does the complexity of their financial needs, making it imperative to stay informed and adept at budgeting, accounting, and bookkeeping practices. Underpricing: Failing to accurately price your products or services can erode profits and undervalue your offering in the marketplace.

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PYMNTS

FEBRUARY 28, 2020

. “In our very first company, we were totally bootstrapped — and because of that, we had to be very frugal, so we did our own bookkeeping,” he said. First, the burden of small business bookkeeping is dependent on data. “In retrospect, it was a big mistake. ” That problem, he explained, was twofold.

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Acterys

DECEMBER 20, 2023

Accounting firms provide financial management services to businesses, including advisory services, bookkeeping, tax preparation, and auditing. While digital transformation in the financial services industry isn’t new, recent developments have accelerated its adoption.

accounting firms 130

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Steve Feinberg

OCTOBER 9, 2023

As a web designer, your business relies on a steady cash flow to keep your company afloat and your client services running smoothly. You must understand how a solid cash flow operates in your business when everything is running how it’s supposed to, and make adjustments to that budget and schedule depending on emerging circumstances.

quickbooks 52

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Xero

DECEMBER 13, 2023

While Xero’s Future Focus research reveals small businesses are more optimistic, and even intrigued, about the potential of emerging technologies than doom and gloom, many wish there was more education and resources to navigate a rapidly changing world. Because people are tired of using lots of different apps for different things.

Technology 86

Technology accounting and finance Education Entertainment 86

CPA Practice

JULY 12, 2023

In some states, cities and counties may charge their own additional income tax to aid local infrastructure and other projects, such as education, health, and emergency services. Many companies also register with a payroll service, so they don’t have to worry about each state’s tax rates.

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PYMNTS

MAY 20, 2020

The Emerging Use Cases. Blockchain, he said, offers a form of getting to “know your customer” — not just on a financial level, but on the ability to deliver goods and services as advertised. They’re just called double entry bookkeeping.”. Blockchain, he said, exists as a form of “multi-way bookkeeping.”.

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PYMNTS

JANUARY 9, 2019

Rather than crunching numbers, human talent has the potential to provide the advisory services SMBs demand, while automated technologies take care of the bare-bones calculations. “Bookkeeping is the low-value work performed by accounting firms,” he said.

Technology 71

Technology bookkeeping Account accountant 71

CPA Practice

JULY 27, 2023

Likewise, if you have an active CAS (Client Accounting Services) practice, consider what AI could do for you and your clients in this area. Similarly, the same is true for Advisory, Audit, Wealth Management, Litigation Support, or any other areas where you routinely provide services.

Technology 98

Technology audit Education accounting and finance 98

Ryan Lazanis

MAY 24, 2023

Here is my complete guide to emerging accounting technologies for 2023. Tip 3: Opt for Cloud Tax Software All the benefits that I listed for cloud services apply to tax software as well. In this guide, you’ll learn about the top accounting technology in the profession along with some tips and tricks on how to leverage them.

Technology 98

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CPA Practice

FEBRUARY 28, 2023

“The Accelerator program has been instrumental in helping us stay ahead of emerging trends while connecting CPA firms with leading-edge solutions uniquely tailored to meet the evolving needs of the profession.”

E-commerce 52

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CPA Practice

OCTOBER 12, 2023

If you build your firm with this approach, your clients will likely pay you more because you offer a service that few firms do. Set aside time to review client feedback regularly, and implement reasonable changes to improve your services and solve client problems. Don’t know the client’s needs? How can you understand their needs?

Non-Profits 98

Non-Profits bookkeeping services Education CPA 98

Accounting Insight

OCTOBER 11, 2023

The goal was for attendees to return to their desks feeling inspired and with a renewed passion for their careers.” “Accountex Summit Manchester is a one stop shop!” Over 100 leading software and service suppliers, startups, and industry bodies filled the floor of Manchester Central, including the ACCA, AAT, ICAEW, Bright, Dext, FreeAgent, Intuit (..)

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PYMNTS

DECEMBER 31, 2020

It all points to an agility that’s taken hold in the CU space as these players get very serious about competing in a post-pandemic landscape that could be quite fertile for CU services. An SMB Focus Emerges. They must confront one major obstacle in doing so, however: big banks. CUs Are Going Next-Gen.

Arizona 94

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xendoo

APRIL 23, 2021

Additionally, staff size has grown to 28 employees and we’re looking to fill seven new positions to further develop and support our financial services for small businesses. Xendoo’s proprietary technology allows our expert bookkeeping team to 10x the productivity of a traditional bookkeeper and CPA.

Florida 52

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AccountingDepartment

DECEMBER 21, 2021

In fact, with virtual work being used as an emergency response, it would have been easy for companies to switch back to the office as soon as they were able to. AccountingDepartment.com is one of the leading sources of outsourced accounting services. Is Virtual Work Working? Are You Looking for a Remote Accounting Job?

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SchoolofBookkeeping

DECEMBER 8, 2022

Providing the one place accountants and bookkeepers need to grow their practice and scale their impact across clients and services, QuickBooks Online Accountant (QBOA) helps accountants increase efficiency through streamlined and standardized workflows. We never stop working to find new, innovative ways to make that possible.

quickbooks 98

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Cherry Bekaert

JUNE 9, 2023

Authors: Graham Michitsch , Senior Manager, Risk & Accounting Advisory Services | Louis Liu , Manager, Risk & Accounting Advisory Services Digital assets and the underlying technology have taken the marketplace by storm in recent years and accountants are not immune.

Account 98

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Snyder

MARCH 6, 2023

The accountant’s role has long transformed from mere bookkeeping to encompassing more duties and responsibilities: from financial reporting and analyzing business performance to helping with taxation (and many more). Apparently, the software could automate a substantial part of the bookkeeper’s and accountant’s work.

forensic accounting 52

forensic accounting Account accountant accounted 52

Reckon

JANUARY 22, 2024

The concept is simple enough – when customers buy your products or services through sales activity, you have a large source of revenue to either spend elsewhere, or bank as profits. Build an emergency fund – your financial first aid kit It pays dividends to be prepared and build an emergency fund.

accounts payable 52

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