Archives For November 30, 1999

It’s been a little over a month since ExpensiCon 3. I can still see the sunlight beautifully setting on the white-washed Puglian walls of Borgo Egnazia. While memories of the beauty and relationships made there will last me a lifetime, the lessons learned can serve us all immediately.  ExpensiCons are meant to be a special kind of conference that creates a special kind of result. Our locations are meant to inspire. Our events are meant to encourage collaboration. Our content is meant to push us further. Our guest lists are put together to shape the future of the industry. It really is a special event. We like to think of it as the Davos of accounting, and it’s getting pretty damn close. 

With any great conference, the hope is that you leave much smarter than when you showed up. It had been 5 years since our last ExpensiCon, and this one left me with more important lessons than any before.

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AI and blockchain create a powerful synergy, redefining the way we perceive and engage with Fintech. This dynamic duo is empowering individuals and businesses with new tools, making the future of Money Management bright. 

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Thinking about expanding your accounting firm’s services to include Client Accounting Services (CAS) for small businesses? That’s a smart move! Today, we’ll show you how to level up your CAS business with the help of Expensify, the ultimate super-app for small businesses.

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If you haven’t given it a go yourself, do it. It’s a really fun tool to play around with. I’ve used it to proofread my writing, help plan an upcoming trip, and am exploring how to integrate it into the Expensify app. So naturally, I decided to ask ChatGPT, “What is the best expense management app?”

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While we’ve heard about automation and AI for some time, 2018 was the year where technology was more fully embraced by accounting practices and their customers in the UK. According to Accounting Today’s “Year Ahead” Survey, adoption of cloud accounting is now between 45% and 58% depending on the size of firm, and the global accounting software market is estimated to be worth $11.6 billion by 2026. Continue Reading…

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Class is in session!

ExpensifyApproved! University is Expensify’s new training and certification program for accountants who want to master Expensify and pass along the benefits to their clients.

The curriculum contains six courses that dive into topics such as Expensify terminology, critical product features, client management best practices, corporate card functionality, and more. We’ve pulled together all of our tips and tricks in one place to give you insights from both the accountant and client perspective – so you can get the most out of your Expensify experience.

After you graduate from ExpensifyApproved! University, you join the world’s top accounting firms in our industry-leading ExpensifyApproved! Partner Program. The program offers exclusive discounts on Expensify usage, expedited support, marketing opportunities, and the chance to rub elbows with accounting industry elite at once-in-a-lifetime networking events such as ExpensiCon.

Enroll in ExpensifyApproved! University today!

 

ExpensiCon II Keynote photo Redmond Accounting

ExpensiCon has always been a unique conference experience, but attendees were in for a treat as they descended on the islands of Bora Bora. In addition to the lifelong memories being made, our curated list of guest speakers and roundtable discussions provided everyone with new outlooks and learnings — and that was before attendees had the chance to exchange their own tips and tricks! Though ExpensiCon ended last week, take a walk down memory lane with us as we fondly look back on the top 8 trends and takeaways from this once-in-a-lifetime partner retreat.

1. Preaccounting is front and center for the accounting industry — you just didn’t realize it yet

Despite putting behind them one of the busiest days of the year (at least until next year!), client services weren’t far from most attendees’ minds as they landed in Bora Bora, ready to hit the ground running. Attendees took advantage of the wealth of knowledge amongst each other to trade tips and tricks on best practices to bring back to their firm and clients. What emerged through conversation was honing in on how accountants can take advantage of technology to help their clients get their portion of the paperwork done. Continue Reading…

Expensify Xero HQ Partnership Announcement

We have a long history of teaming up with Xero to simplify the accounting process, and we’re excited to announce another way Expensify is working with Xero to streamline your workflow: introducing Expensify in Xero HQ!

Xero HQ is a one-stop hub for Xero accountants and bookkeepers to manage all their clients’ needs in one place. When combined with Expensify, accountants experience even more efficiency as it automates the receipt tracking and expense management process, giving you more time to provide superior service to clients. Continue Reading…

Xerocon pic

Though Xerocon London 2017 came to a close two weeks ago, our team is still buzzing about what an incredible event it was (only more six weeks until Xerocon Austin, but who’s counting?)! Kudos to the Xero team for making this year’s conference the biggest and best yet. Throughout the event, it was clear that the entire ecosystem continues to grow exponentially, promoting the value of automation for both accountants and their clients. Here are some of the biggest takeaways we had from the show! Continue Reading…

Everybody knows what accounting is:

Accounting [uh-koun-ting] (noun)

The theory and system of setting up, maintaining, and auditing the books of a firm; art of analyzing the financial position and operating results of a business house from a study of its sales, purchases, overhead, etc.

But what is “preaccounting”?  Not everybody is as familiar with this newer concept, so I’ll go ahead and define “preaccounting” as:

Preaccounting [priuh-koun-ting] (noun)

The system through which financial data is gathered, coded, aggregated, and normalized so as to enable accounting to occur; accounting processes executed by non-accountants, including expense management, time tracking, etc.

In layman’s terms, preaccounting is the super boring, tedious work that nobody wants to do, but that absolutely needs to be done before the truly valuable accounting work can begin.  Unlike accounting, which is clearly the job of accountants, preaccounting is nobody’s job Continue Reading…