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How Accounting Firms Are Winning the Automation Game

CPA Practice

For accounting firms, automation gathers scattered information and turns it into valuable insights. A new report from BILL shows how accounting firms are winning at automation. Of the nearly 1,200 accountants who were surveyed, more than two in five (43%) say they are already using accounting software with automation capabilities.

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AICPA & CIMA Launch AI-Guided Tool for Students Pursuing Careers in Accounting and Finance

CPA Practice

AICPA & CIMA, which together form the Association of International Certified Professional Accountants, are rolling out Career Launchpad , an artificial intelligence-guided program for students interested in accounting and finance.

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Outsourced Accounting Services: A Game-Changer for Your Business

LSLCPAs

Outsourcing accounting services has proven to be a game-changer for many companies. Beyond streamlining accounting processes, it offers numerous benefits that go beyond having an in-house person or a small team managing everything.

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Friday Footnotes: The Bravest of Accounting Firms; Oh STFU, CFOs; | 8.09.24

Going Concern

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. So here, take this tweet instead. Also how much they pay offshore staff.

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Lili Launches New Accountant AI for Small Business Financial Management

CPA Practice

Lili , the financial platform designed for small business owners, today announced the launch of a new generative AI tool — Accountant AI — which harnesses businesses’ financial data and the latest industry information to provide business owners with personalized, instant recommendations about their businesses’ finances.

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Virtual card payments and their benefits for accounts payable departments.

Airbase

Virtual cards are a game-changer for accounts payable departments. In addition to greater control, security, and flexibility, virtual card payments can save finance teams hours of tedious work. David Coffman, VP Finance at Doximity, says Airbase virtual cards play an integral role in cutting the company’s time-to-close in half.

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Minimize sync errors with the best accounting software.

Airbase

However, finance teams are inevitably plagued by errors as data fails to flow accurately, completely, or from one system to another. These errors force accounting teams into troubleshooting mode, often when the pressure is on to get the books closed. For our product, these are the accounting and operational workflows for company spend.