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What’s paralysing UK finance decision-makers with fear?

Accounting Insight

New research released today, by UK accounting software provider iplicit, has revealed that the fear of losing historical financial data is the major barrier to upgrading from legacy accounting systems. By sticking with legacy software, finance leaders are likely to be holding their organisations back.

Finance 52
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The Top 5 Small Business Accounting Systems in 2024

CPA Practice

While Codat’s Global Accounting Guide estimates that 64% of small businesses in the U.S. If you’re in the market for accounting software or an accountant recommending software to your clients, consider these five accounting applications.

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Demand for Automation in Sales Tax Compliance is Rising, Avalara Says

CPA Practice

Businesses also are adopting various methods to manage sales tax compliance, with 56% using specialized software and tools, 40% relying on in-house accounting teams, 32% handling it manually, and 31% outsourcing to accounting firms, according to Avalara. The survey, which was conducted from Oct.

Sales 116
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Is the fear of change paralysing UK finance departments?

Accounting Insight

Fresh research looking into the barriers to changing accounting software has revealed that over a quarter of UK finance decision-makers (27%) would be unlikely to change their accounting software provider even if they could achieve ROI in less than 12 months.

Finance 69
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A Comprehensive Guide to Building an Optimal Accounting System

Basis 365

In the complex world of business, a robust accounting system supports the foundation of financial clarity and control. Whether you're a small startup or a seasoned enterprise, building an optimal accounting system requires careful planning, strategic technology integration, and unwavering commitment to financial discipline.

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Fear of data loss is holding UK finance leaders back study shows

Accounting Insight

Over 12,000 UK organisations are struggling with outdated accounting software, as finance decision-makers fear losing data if they move to the cloud. It begs the question, ‘why are finance software providers holding customers to ransom?'” I’d encourage them not to be scared of embracing change.

Finance 72
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Financial Audit Preparation Steps: Expert Tips for An External Audit Process 

Withum

One of the common challenges our clients face when preparing for their first audit is accurately accounting for equity transactions and related compensation. Coordinate with Key Stakeholders Engage your finance team and external auditors early to set expectations and address questions.

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