Remove B2B Remove financial statements Remove small business accounting
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Open Banking Deepens Its SMB Accounting, Lending Presence

PYMNTS

Small business accounting platform FreshBooks recently announced an agreement to integrate with Taxfyle , a data sharing arrangement that aims to automate tax prep for small business owners. . FreshBooks Inks Tax Integration Deal. Xero, Square Integrate For Faster Invoice Payments.

Account 87
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The Best Tech for Accounting Firms: The 2024 Tax and Accounting Innovation Awards Announced!

CPA Practice

The advent of artificial intelligence and machine learning have also started to have a dramatic impact on the practice of public accounting and business management, and we are continuing to see an increased adoption of practical operational uses for these professionals. End-to-End Audit Efficiency. Higher Quality Audits.

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The Waterfall Effects Of Integrated SMB Accounting

PYMNTS

Automation in small business accounting can certainly be beneficial, but when a cloud-based accounting platform remains within the confines of its own interface, there can be unexpected friction that prevents business owners from gaining real-time financial insights. ” A Waterfall Effect.

Account 62
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Accelerating Financial Reporting, From Monthly Reports To Real-Time Analytics

PYMNTS

According to Kurt Rathmann, CEO and founder of SMB accounting firm ScaleFactor , the month-end close may be the traditional way of doing things, but it forces small business owners to examine data that, by the time a financial report is completed, is too old to be of much use. “The news is about 30 days old at best.”