Account Takeover (ATO) fraud is one of the main cyber-safety concerns that businesses must address heading into 2024. The statistics are incredibly alarming on the matter, with every new data report painting a grimmer picture. Sift’s Q3 2023 Digital Trust & Safety Index, for example, reported that account takeover fraud attacks saw an increase of
AI is evolving, and with it, the role of accountants is expanding, too. AI and automation are transforming the everyday work of an accountant. In August of 2022, EA discussed the relevance of accounting automation and AI. However, before we get into the discussion of how accountants can leverage AI and automation, there is still
“Success in creating effective AI (Artificial Intelligence), could be the biggest event in the history of our civilization. Or the worst. We just don’t know. So we cannot know if we will be infinitely helped by AI, or ignored by it and side-lined, or conceivably destroyed by it” Stephen Hawking In the wise words of
Lucas sighed in exasperation as he told me about the year-end accounting tasks he’d dreaded completing. “Every year, it’s the same frantic scramble as year-end approaches,” he said. “I don’t know how to avoid this year-end accounting crunch.” Like many, Lucas struggles with the year-end accounting tasks. Year-end accounting can be a challenging time. It’s
Starting one’s own business and being known as an entrepreneur has its perks. It’s a rewarding experience indeed. With almost everyone interested in the entrepreneurial landscape and the number of businesses opened each ear rising at an astronomical rate, it’s only natural that everyone wants a piece of the pie. However, not many people know how
Supply chain outsourcing has been nothing short of miraculous. Products from across the world are coming to our doorsteps in a matter of days. A thriving global economy built on maximum accessibility has come into being. And all of this success must be credited to supply chain outsourcing companies. So, we thought that it was
Restaurant accounting software has grown by leaps and bounds in the past year, so we figured it was time to take a look back and see who won the title of best restaurant accounting software of 2024. Looking Back at 2023 2024 is coming to a close, and I think everyone can agree that this
In the ever-changing, dynamic realm of Enterprise Resource Planning (ERP), Systems, Applications, and Products, or SAP, stand apart from everyone else. It is the undisputed best for driving efficiency and enacting positive growth and change in businesses across the spectrum, regardless of industry or business size. There is, however, a big difference between having a
October is over. We have officially entered what businesses call “the holiday season,” with themed sales going live almost daily. As the holiday season unfolds, finding the delicate equilibrium between family festivities and business responsibilities becomes a juggling act for many entrepreneurs. Navigating the intersection of family and business during this joyous yet demanding time
Xero is no stranger to the business landscape, sporting some of today’s most robust and utility-filled accounting and bookkeeping tools. While QuickBooks has certainly taken the mainstream business landscape by storm, Xero is no slouch and has proven itself time and again why it deserves its renown. Any fledgling accountant today is well aware of