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ACH Shows Signs Of B2B Payments Dominance

PYMNTS

New analysis from corporate payments firm Bill.com suggests ACH payments are dominating the accounts payable department. “Payments are rapidly evolving for accounting firms, as digital payments are now more often used than paper checks,” said Bill.com Senior Vice President of Engineering Vinay Pai in a statement.

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Aussie Accountants Brace For Industry Disruption

PYMNTS

Further, industry trends have led the traditional accountant model to become “obsolete,” reports said, meaning accountants have to embrace the more strategic role of advisor. “By However, in order for accountants to remain relevant in an intensely competitive market, a new paradigm and mindset is needed.”.

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The Difference between a Bookkeeper, an Accountant, and a CFO

The Charity CFO

Their primary role is to ensure that all transactions are entered into the accounting system with accuracy and consistency. Accountants run reports to help determine if the bookkeeping is done correctly. The solution for many organizations is to outsource their financial needs to a trusted nonprofit accounting firm.

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Case Study: Financial Clarity with Modern Nonprofit Accounting Software

The Charity CFO

Instead of slow, paper-driven, backward-looking accounting, these organizations are moving quickly through digital integrations allowing them to focus on their core responsibilities. About The Charity CFO The Charity CFO is an accounting firm specializing in serving nonprofits through outsourced accounting and fractional CFO services.