Remove accounting firms Remove accounts payable Remove financial statements
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The Best Tech for Accounting Firms: The 2024 Tax and Accounting Innovation Awards Announced!

CPA Practice

As in 2023, AI systems were again dominant among the winners of the 2024 Tax & Accounting Technology Innovation Awards, presented annually by CPA Practice Advisor, a technology and practice management resource for public accounting firms. “

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Accounts payable automation: the ultimate game changer for accounting firms

Accounting Insight

Accounts payable automation, also known as AP automation or invoicing automation, is the process of automating accounts payable processes and activities while collecting the critical data required to make smart decisions, improve efficiency, and grow your business. Reconciling bank statements. As real-time?

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An Expert’s Guide to the Year-End Close Process

Withum

A well-executed year-end close process ensures that accounting records present the most accurate picture for the end user, whether it be internal management, investors or your accounting firm. It will also help the accounting team be prepared for questions that may arise from the users of the financial statements.

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Everything you need to know about accounts payable

ThomsonReuters

Whether you’re an accountant, a small business owner, or a professional working within an organization, understanding what accounts payable is and how it works is essential. As an important cash flow indicator, accounts payable is a sign of the health of a business. Often, these types of charges are invoiced.

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Tech Can Help Accountants Have Hobbies Again

CPA Practice

Embracing Automation The platforms and solutions that are quickly becoming table stakes for accounting firms often offer automation tools that can be applied to optimize sometimes-tedious processes and workflows. These applications not only boost productivity but also enhance the quality of services provided by accounting firms.

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Accounting Thought Leaders Discuss the Real Impact of AI on Accounting Firms

CPA Practice

In July, more than 20 of the profession’s thought leaders met for the virtual Avalara Accounting Meta Influencers roundtable discussion of how AI will likely impact accounting firms and their clients, and to start developing best practices firms can embrace to best optimize its potential benefits.

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Should you hire a Controller or a Bookkeeper?

Basis 365

A bookkeeper is responsible for maintaining accurate and up-to-date financial records for a business. They record transactions, reconcile accounts, and generate financial statements. In addition, bookkeepers typically handle day-to-day financial tasks such as invoicing, accounts payable, and accounts receivable.