CPA Practice

APRIL 9, 2024

Generative AI programs like ChatGPT are a hot topic across all industries — and the accounting industry is no different. A 2023 Thomson Reuters study found that 52% of surveyed accounting firms believe generative AI should be used for tax, accounting and audit work.

Technology 119

Technology Account accountant accounted 119

Airbase

OCTOBER 25, 2023

But what do these recent innovations mean for mid-market companies on a practical level? But what do these recent innovations mean for mid-market companies on a practical level? Let’s take a look at IDC’s research and what it means for finance teams. If any finance process is overdue for innovation, it’s procurement.

accounts payable 130

accounts payable AP Automation Approval Workflows Technology 130

Airbase

JULY 12, 2023

What went wrong? Why employee adoption is crucial for procurement software. Busy employees don’t want to take the time to figure out complicated processes and are likely to take the path of least resistance when it comes to purchasing what they need. For example, the IT or InfoSec team could miss reviewing a software purchase.

Legal 130

Legal Technology Account accountant 130

CPA Practice

APRIL 18, 2024

Now, what’s traditionally happened in many CPA firms, the billing process is very labor intensive, partner intensive and takes a bunch of time and has a lot of manual processes in it. And Brian, what do have firms report that that allows them to do? And Brian, what do have firms report that that allows them to do?

Technology 115

Technology Account accountant accounted 115

Airbase

NOVEMBER 1, 2023

Table of contents What is expense management? What is expense management? 1) Cloud-based expense management software. They should align with the organization’s financial objectives and culture, while promoting accountability and compliance. In a tumultuous economy, effective expense management is more important than ever.

Expense Management 130

Expense Management Technology NetSuite Spend Management 130

Airbase

NOVEMBER 1, 2023

Table of contents What is expense management? What is expense management? 1) Cloud-based expense management software. They should align with the organization’s financial objectives and culture, while promoting accountability and compliance. In a tumultuous economy, effective expense management is more important than ever.

Expense Management 130

Expense Management Technology NetSuite Approval Workflows 130

ThomsonReuters

NOVEMBER 28, 2023

Jump to: Reflect on your current tax workflow Use automation to boost staff engagement and retention Unlock growth opportunities With staffing shortages of epic proportions, the accounting industry is facing a crossroads. Reflect on your current tax workflow. What are your methods for client communications?

Technology 112

Technology Account accountant accounted 112

Withum

MARCH 11, 2024

This presents an opportunity for the millions of small businesses currently using QB Desktop to upgrade to another, more modern software solution. It is not recommended to continue using your unsupported version of QB, as the loss of your vital accounting records is very real. What Are My Options?

quickbooks 98

quickbooks NetSuite accounting system accounts payable 98

Airbase

FEBRUARY 23, 2023

Procure-to-pay (P2P) software originated from the need to oversee the process of acquiring supplies for manufacturing and other industries, and to manage inventory in the retail sector. What is P2P software? P2P software automates and streamlines the process of procuring goods and services, from requisition to payment.

Approval Workflows 130

Approval Workflows Technology general ledger AP Processes 130

Airbase

DECEMBER 5, 2023

Table of Contents FirstHeading What is expense reporting? Schedule a demo What is expense reporting? Fortunately, modern expense reporting software now leverages new generative AI technology to make this often-dreaded process more accurate and much easier for employees. Types of expense reports.

Approval Workflows 130

Approval Workflows Expense Management Entertainment Technology 130

Airbase

NOVEMBER 2, 2023

Virtual cards are a game-changer for accounts payable departments. Table of contents What are virtual cards? What are virtual cards? But when a virtual card payment program is backed by powerful software and accounting automation, the advantages extend far beyond the ease of online purchasing.

accounts payable 130

accounts payable Account accountant accounted 130

Airbase

JANUARY 13, 2023

There are several benefits to using invoice automation software, including: Increased efficiency. There are several benefits to using invoice automation software, including: Increased efficiency. Invoice automation is the process of automating the creation, management, and processing of invoices. Benefits of invoice automation.

Technology 130

Technology Approval Workflows NetSuite Spend Management 130

Airbase

DECEMBER 6, 2023

The biggest thing for me is I need to have controls, but I also want employees to have an enjoyable experience,” Doximity’s Senior Director of Accounting, Alexander Schlick, told Airbase’s VP of Marketing, Michael Freeman. From controlling costs to ensuring compliance, the procurement function is crucial to an organization’s financial health.

NetSuite 130

NetSuite NetSuite Integration accounting and finance AP Automation 130

ThomsonReuters

NOVEMBER 8, 2022

Most accountants know that choosing the right accounting technology can boost the ability to serve clients, satisfy staff, and build deeper client relationships.?But But how do you take full advantage of technology to streamline accounting processes? . Standardize your tax workflow. The result? Identify issues.

Technology 105

Technology Account accountant accounted 105

CPA Practice

APRIL 17, 2023

While the economy and supply chains may still have some hiccups related to the end of the pandemic, one thing is clear: The demand for the services of accounting, finance and tax professionals is growing strong. Unfortunately, there’s also a “critical talent shortage,” says Tom Hood, CPA, a vice president with the AICPA. ( [link] ).

quickbooks 130

quickbooks payroll Technology audit 130

Ryan Lazanis

APRIL 13, 2022

In this article, you’re going to learn about what an accounting workflow is, the purpose your workflows serve in your firm with 9 key workflows that you can optimize in your accounting firms. What is a Workflow? What are the Benefits of a Workflow? why do we do that?”).

Account 88

Account accountant accounted accounting firms 88

Cherry Bekaert

OCTOBER 5, 2023

Accounting , fondly known as the ‘language of business,’ tells the story of how a business is performing. 1) Fast-forward to present day and the fundamental concepts performed by modern bookkeepers and accountants remain, but functionality and performance look vastly different in the age of all things digital.

Real Estate 115

Real Estate Account accountant accounted 115

MineralTree

OCTOBER 26, 2023

Automation is reshaping the way companies manage their financial operations, especially in accounts payable (AP). What is Accounts Payable Technology and What is its Role? Trends in Accounts Payable Technology Several key trends in AP technology have emerged as organizations navigate the post-COVID-19 business landscape.

AP Automation 76

AP Automation Technology AP Processes accounts payable 76

Airbase

MAY 2, 2023

So, if you purchase new software, it has to quickly prove it was worth the investment. What is time-to-value? That can be when you first use it, or when you first notice an improvement in your workflows or processes. Defining time-to-value depends a lot on the context. Evaluating the time-to-value of a spend management platform.

Spend Management Platform 130

Spend Management Platform Spend Management accounting and finance Finance 130

CPA Practice

APRIL 9, 2024

Let’s face it, the accounting profession has developed a bad reputation – toiling through long hours chained to a desk, crunching numbers, deciphering archaic tax codes and grinding out tedious tasks, all for lower starting pay and heavy licensing requirements. Compounding the problem is the increased demand for accountants.

cpa firm 122

cpa firm CPA Technology Legal 122

Ryan Lazanis

APRIL 4, 2022

Want all the information you need about accounts payable workflow automation? In this article, you’ll learn: What accounts payable automation is. What is Accounts Payable Workflow Automation. The process by which you enter these debts into your system and pay them is your AP workflow.

accounts payable 96

accounts payable Technology Accounts Payable Automation AP Automation 96

CPA Practice

SEPTEMBER 14, 2023

One example of this from the accounting profession: Matthew May, one of the co-founders of Acuity, a national accounting firm, recently stated during a panel discussion at an accounting conference that his firm had learned a lot of the processes for lead generation and prospect data mining from a software company located near his firm.

accounting firms 108

accounting firms Technology Account accountant 108

ThomsonReuters

JUNE 29, 2023

As most of us know, tax and accounting automation involves s treamlining and standardizing tax inputs and workflow processes using technology. While standard tax software offers some of these benefits, the most transformative results come as a result of the holistic integration of APIs. How do APIs help with automation?

Technology 98

Technology accounting firms Tax Account 98

CPA Practice

DECEMBER 12, 2023

Accountants using QuickBooks Online know they are getting a solid cloud-based solution to keep their clients’ books. ProConnect Tax is well known among tax software. Customize digital templates of your client’s tax return documents for easy client review, while standardizing and automating your workflow. Task Accelerators.

quickbooks 110

quickbooks Tax tax return Technology 110

CPA Practice

SEPTEMBER 28, 2023

Many accountants begin as solopreneurs but eventually want a reliable team. On a recent Grow & Scale webinar, I spoke with Nicole Davis, CPA , who went through this process building her firm, Butler-Davis Tax & Accounting. So then I was like, ‘Hey, you know what? She adds, “Most accountants hate payroll.

payroll 119

payroll CPA Start-ups Construction 119

CPA Practice

MARCH 4, 2024

In the accounting world, the ground beneath our feet is shifting faster than ever, thanks to the whirlwind of advancements in technology such as AI, automation, blockchain, and more. Accountants and firms face daunting challenges around operational approaches, client relationships, and staff retention. By Matt Kanas.

Technology 69

Technology tax return Tax Start-ups 69

PANALITIX

JANUARY 13, 2022

What would you like to learn in 2022? . We’re talking about what would really BENEFIT you. What you would ENJOY. What you would most VALUE in terms of education. Tailored to Accountants… because some needs are unique. Developed by Experts who have worked with Accountants for years. Approved by Accountants.

Education 130

Education Sales Account accountant 130

PANALITIX

JANUARY 11, 2022

What would you like to learn in 2022? . We’re talking about what would really BENEFIT you. What you would ENJOY. What you would most VALUE in terms of education. Tailored to Accountants… because some needs are unique. Developed by Experts who have worked with Accountants for years. Approved by Accountants.

Education 130

Education Sales Account accountant 130

ThomsonReuters

APRIL 30, 2024

Jump to: The role of emotional intelligence (EQ) in client relationships The evolution of client service in accounting firms Leveraging technology for enhanced client service Forward-looking accountants are increasingly realizing the importance of harmonizing technical tax expertise with interpersonal relationship skills.

Technology 52

Technology accounting firms financial statements Tax 52

MineralTree

FEBRUARY 15, 2024

Is your accounts payable (AP) check run holding your business back? From refining invoice approval workflows to embracing the digital shift, each step is a stride toward efficiency and precision. AP automation is crucial for modern finance teams to simplify payments and reduce manual steps associated with accounts payable.

AP Automation 78

AP Automation accounts payable Technology accounting and finance 78

CPA Practice

APRIL 29, 2024

Many accounting firms started 2024 with an eye toward expansion, and the post-busy season spring brings renewed purpose and fresh perspective to put plans into action. According to Accounting Today , 62% of the top 100 firms reported double-digit growth in 2023, and the majority are optimistic for continued growth this year.

Education 92

Education cpas bookkeeping accounting firms 92

Ryan Lazanis

MAY 4, 2023

Are you considering Jetpack Workflow to help your firm minimize administrative workload and standardize processes? If you’re still sitting on the fence about whether this accounting software is the right fit for your firm, this review might just be the deciding factor you’ve been looking for. Check it out!

bookkeeping 52

bookkeeping Technology accounting software Tax 52

ThomsonReuters

OCTOBER 4, 2023

Jump to: How many accounting firms use AI? How do smaller accounting firms use AI? How does AI impact workflow? In today’s fast-paced business world, ignoring technology is not an option, and the field of accounting is no exception. How many accounting firms use AI? For now, not many.

accounting firms 111

accounting firms Account accountant accounted 111

Canopy Accounting

JULY 20, 2022

The same is true for those in the accounting industry. So, what can you do to ease the burden? Industry trends show that accountants are already adopting automation into their workflow. Across all industries, businesses will run into necessary yet time-consuming repetitive tasks.

accounting firms 96

accounting firms Account accountant accounted 96

CPA Practice

OCTOBER 10, 2023

The demand for skilled tax practitioners in the accounting profession has never been more critical. This surge in demand for CPA services comes at a time when experienced public accountants are exploring alternative career options, and fewer graduates are entering the profession.

Technology 105

Technology accounting firms Account accountant 105

ThomsonReuters

NOVEMBER 9, 2023

In an era of staffing shortages and scarcity of technical tax professionals , accounting firms must increasingly look outside the box to fill gaps in talent. Many firms are shifting their hunt for talent beyond the traditional accounting background. There is no doubt that tax professionals are hard to find, let alone replace.

tax planning 105

tax planning accounting firms Tax Account 105

MineralTree

AUGUST 24, 2023

Are you relying on the current accounts payable (AP) workflow in QuickBooks Desktop or Online to manage your financial operations? The QuickBooks AP workflow includes tasks like invoice receipt, data entry, approval, and payment required to manage AP within the software. If so, you’re not alone. Each payment type (i.e.

accounts payable 70

accounts payable quickbooks AP Automation AP Processes 70