Is That Really a Contractor, or Should It Be an Employee?

What’ve you been up to? We’ve been preparing the most-clicked articles from the Accounting Apps newsletter during this July ‘23. Here they are:

Is That Really a Contractor, or Should It Be an Employee?| (XBert)

Businesses, particularly those in sectors such as construction, often rely on the flexibility offered by hiring contractors. However, the line between contractors and employees can be blurry, and the implications of getting it wrong can be severe. Compliance with Australian Taxation Office (ATO) and Fair Work regulations is critical, and this is where XBert’s newest tool – XBert Alert No.76 – steps in. Its mission is to simplify complex tasks and reduce risks, and this latest alert is designed to do just that. Let’s take a look at it.

Why SuiteDash Is the Perfect Fit for Solopreneurs | (SuiteDash) 

In today’s digital age, solopreneurs are on the rise. These independent entrepreneurs single-handedly run their businesses, juggling multiple tasks and responsibilities. As a solopreneur, it’s crucial to have the right tools and resources to streamline operations, enhance productivity, and ensure professional communication with clients. That’s where SuiteDash comes into play. SuiteDash is an all-in-one business management platform designed specifically for solopreneurs. Let’s explore why SuiteDash is the perfect fit for you as a solopreneur and how it can revolutionise your business management practices.

10 Time Sheets Mastery Hacks: Excel in Efficiency and Accuracy for Maximum Productivity! | (WorkGuru) 

Effective time management is essential for maximising productivity and achieving success in any professional endeavour. For businesses and individuals looking to optimise their time tracking and management processes, mastering the art of timesheets is crucial. In this article, we will explore ten powerful time sheet mastery hacks that can help you excel in efficiency, accuracy, and overall productivity. By implementing these strategies, you can streamline your time tracking, improve accuracy, and make the most of every minute of your workday. Let’s dive in!

Streamline Your Workflow: Tips for Effective Business Process Planning | (Empiraa Blog) 

Efficient business process planning is crucial for organisations seeking to optimise workflows and achieve greater productivity. Businesses can enhance their efficiency and competitiveness by analysing and redesigning processes, setting clear goals, allocating resources effectively, and employing continuous improvement strategies such as business process management system implementation. Learn how to enhance and streamline your processes to achieve better business results and foster more productive teams.

Unlocking Productivity: A Guide to Efficient Time Tracking in Remote Work Environments | (MinuteDock)

As the remote work revolution gains momentum, companies worldwide are confronted with new challenges to ensure productivity and time efficiency. With time as a non-renewable resource, time tracking has emerged as a significant factor in managing remote teams effectively. The MinuteDock team has put together this fantastic new guide to utilising time tracking to maximise productivity and performance in remote work environments. Find out more about it in this article.

The Cost of Running a Practice Over Four Years | (AccountingWeb)

Running an accounting firm needs constant attention as tech prices and client specifications change constantly. Practice owner Alex Falcon Huerta lays out her tech-first approach, her current tech stack and how her costs and priorities have evolved. Read the full article here.

How AI Can Help FP&A Teams Achieve Greater Accuracy With Fewer Resources | (Insight Software) 

Since the launch of ChatGPT in late 2022, the professional world has been abuzz with reactions to this game-changing technology. Artificial Intelligence (AI) tools have been around for a while, but ChatGPT brought AI into the mainstream in ways that hadn’t previously been seen. You’ve probably heard about the disruptive effect of AI software on creative roles like graphic design and writing, but there’s been considerably less buzz about how potentially game-changing AI can be for finance roles. With more time to devote to in-depth analysis and strategy, FP&A professionals will be able to provide better advice to stakeholders and strengthen those relationships.

Do’s and Don’t’s of Flowcharts for Process Management| (Skore) 

Flowcharts are a great way to begin visualising a process. They’re a familiar way of depicting events that anyone can follow along with. That said, there are some aspects to keep in mind when adopting them for business processes and process management. Let’s take a look.

Worried About Internal Financial Fraud? Learn to Harness Accounting Tech to Protect Your Business | (ApprovalMax) 

While many businesses think they have all the right checks and balances, new technology is revealing major gaps in current financial control measures and ways to fix them. The accounting industry is among the most trusted professions in the world. Strict regulations hold them accountable, with the goal of creating and maintaining a culture of ethical professionalism. That’s why, in this article, some hot-button indicators relating to fraud are shared. Specifically, what causes fraud to occur, and how to harness accounting technology to protect clients and the accountants trying to help them.

7 Accounts Payable Management Tips | (DOKKA)

Managing accounts payable requires a fine balance between ensuring timely payments to vendors and suppliers, maintaining accurate records, and keeping costs under control. In this post, you’ll find 7 essential accounts payable management tips that can help you stay on top of your AP game. From implementing a robust invoice processing system to making the most of automation technology, these tips will equip you with the tools and knowledge you need to take your AP management to the next level.

Which one of these highlights have you enjoyed the most during this month?

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