Blogs

The Accario Blog

Find information and resources on everything accounting.
From FinTech, changes in the industry and helpful bits.
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Mastering the Art of Business: 6 Must-Watch Documentaries

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In the fast-paced world of business, staying ahead of the curve means constantly learning and adapting. One of the most engaging ways to gain insights into the minds of business leaders, innovators, and industry disruptors is through documentaries.

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Unleashing the Power of Introverts in the Workplace

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By understanding and leveraging the strengths of introverts, organisations can create a more inclusive and dynamic workplace. Recognising the “QUIET” advantage and implementing strategies to support introverts not only enhances individual productivity and job satisfaction but also drives overall organisational success.

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Transformational Leadership in the Modern Era

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Implementing transformational leadership in the digital age requires leaders to be adaptable, tech-savvy, and open to embracing new ways of working and communicating. By harnessing the power of technology, transformational leaders can enhance their effectiveness and drive organisational success.

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Accario’s Commitment to a Greener Future in Celebration of World Environment Day

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As the world collectively recognises World Environment Day, it is an opportune moment to reflect on the pressing environmental challenges and the proactive steps being taken by organisations globally.

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Why Bookkeepers Hold the Key to Small Business Success

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Many business owners underestimate the importance of bookkeeping. It is not just about tracking the money coming in and going out; bookkeeping is essential for your business’s success.

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The Growth Equation: Talent, Enthusiasm, and Discipline as Catalysts for Success

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Unleashing your inner talent is a key component of achieving success. Each and every one of us possesses unique talents and abilities that can contribute to our personal and professional growth.

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The 28-Day Journey of Dopamine Fasting

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The 28-Day Dopamine Fasting Challenge offers a pathway to reclaiming control over our lives in an increasingly overstimulated world. By temporarily abstaining from dopamine boosters and embracing healthier habits, participants can unlock their full potential and lead more fulfilling and meaningful lives.

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Celebrating the International Day of Families 

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The International Day of Families is an annual observance celebrated on 15th of May to promote awareness and emphasise the importance of family as the basic unit of society.

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Importance of Gender Equity in Empowering Diversity for Business Success

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By measuring these and other relevant metrics, organisations can gain insights into the impact of gender equity on their business success and identify areas for improvement. This data-driven approach can guide future strategies and initiatives to create a more equitable and successful organisation.

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6 Ways to Enhance Your Business’s Financial Health

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Among the pivotal facets of cash flow management lies the effective handling of debtors. Implementing certain key strategies can mitigate the risks associated with delayed payments and bad debts.

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Unified Success: Aligning Goals, Thoughts, Actions

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Defining success starts with setting clear goals. It is important to have a vision of what you want to achieve and to break it down into specific, measurable, attainable, relevant, and time-bound (SMART) goals. By setting clear goals, you can create a roadmap for success and stay focused on what you need to do to achieve your desired outcome.

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Inspiring Introverts to Reach Their Potential with Maslow’s Hierarchy

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Flexibility in work styles and schedules is also important for creating a supportive environment for introverts. Allowing introverts to work independently, providing opportunities for deep work, and offering flexible schedules can enable introverts to work in a way that optimises their productivity and well-being.

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Effective Strategies for Managing a Hybrid Workforce  

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In recent years, the perspective of work has undergone a significant transformation, driven by technological advancements, and changing attitudes toward workplace flexibility. The rise of remote work has paved the way for the inception of hybrid work models, where employees split their time between working remotely and in the office.

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The Crucial Role and Strategies of Financial Planning During an Economic Crisis 

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In times of economic crisis, financial planning becomes more than just a prudent practice; it becomes a lifeline for individuals and families to weather the storm. Having a solid financial plan can make all the difference in maintaining stability and securing a brighter future.

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Finding Your Franchise Match: A Guide for Franchisors 

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Expanding your business through franchising requires careful selection of franchisees who possess the right blend of skills, experience, and commitment. Here we will explore the essential factors involved in pinpointing and choosing potential franchisees who will not just maintain your brand’s integrity but also play a significant role in expanding your franchise network.

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Outsourcing vs. In-House Accounting: Which is Best?

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There is no one-size-fits-all answer to the outsourcing vs. in-house accounting dilemma. Each business must carefully evaluate its unique requirements and weigh the pros and cons to determine the approach that aligns best with its financial objectives and growth trajectory.

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Empowering Employees: The Impact of Employee Assistance Program Benefits

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Employee Assistance Programs (EAPs) play a pivotal role in enhancing workplace well-being, and productivity, and creating a positive culture. Embracing EAP benefits not only empowers individual employees but contributes to the overall resilience and success of the organisation.

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Mastering Budgeting for Your Small Business Growth

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While crafting and maintaining a budget is pivotal for the success of small businesses, seeking professional assistance can further streamline the process and enhance financial efficacy. For a smoother budgeting process, leverage tools like accounting software, spreadsheets, or specific budgeting software.

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Navigating the Promising Horizons of AI’s Future 

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The future of AI is a canvas waiting to be painted with innovation, collaboration, and responsible practices. As we stand on the cusp of this technological revolution, the possibilities are endless. However, ethical considerations in AI development are gaining prominence as we look ahead.

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Break Free and Reclaim Your Productivity! 

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Procrastination often creeps in when tasks seem overwhelming or lack clear direction. Perfectionism can contribute significantly to procrastination and should be acknowledged as a potential trigger for delaying tasks. Embrace the concept of “good enough” and understand that completion is often more valuable than perfection. This shift in mindset can liberate you from the shackles of procrastination.

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Enhance Your Client’s Financial Projections with These 7 Strategies

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In the world of accounting, an important strategy for guiding clients towards business success involves the development of strong financial forecasts. Financial forecasting includes estimating a business’s future financial performance by analysing past financial data, current trends, economic conditions, and employing financial modelling.

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Data Migration Strategies in Accounting Outsourcing   

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In the world of accounting outsourcing, efficient data migration is a critical component for success. As businesses increasingly leverage outsourcing to enhance productivity and reduce costs, the seamless transfer of financial data is of the greatest importance.

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Strategies for Employee Engagement: Preventing Quiet Quitting

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By developing a positive work environment, promoting open communication, providing opportunities for growth, and acknowledging employees’ contributions, organisations can create a culture that motivates and retains their valuable talent.

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Embracing Continuous Learning in 2024

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As we welcome 2024, the importance of continuous learning cannot be undermined. It is the key to staying relevant in a rapidly evolving world, developing personal and professional growth, and navigating the complexities of a dynamic job market.

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Remote Work and Mental Health: Strategies for Success

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In the age of digital connectivity, remote work has become a widespread and transformative trend in the professional landscape. Although it offers flexibility and convenience, it also brings forth a set of challenges, particularly concerning mental health.

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Understanding ESG Reporting for Accounting Firms

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Understanding ESG reporting is not just about compliance; it is a journey towards a more sustainable and responsible business environment. Accounting firms, as trusted advisors, could guide their clients through this transformative process, ensuring that financial and non-financial metrics align seamlessly.

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Holiday Hustle: Boosting SME Success During the Festive Season

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The holiday season presents SME owners with a unique opportunity to boost business growth through strategic planning and execution. By implementing festive marketing campaigns, enhancing customer experience, optimising online presence, offering exclusive products, promoting loyalty programs, managing inventory efficiently, embracing social responsibility and showing support to employees, SMEs can make the most of the holiday season and set the stage for sustained success in the coming year.

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Counting on Blockchain: Revolutionising Accounting

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Blockchain technology is on the brink of revolutionising the accounting sector, presenting various advantages like improved transparency, cost reduction, secure data storage, efficient auditing, and automation via smart contracts.

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The Surge of Virtual CFOs: Powering Business Growth

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In the dynamic landscape of modern business, the demand for Virtual CFO services is experiencing an extraordinary surge, reshaping the way companies approach financial management. As businesses evolve and adapt to a digital era, the role of Virtual CFOs has become increasingly vital in driving growth, ensuring financial stability, and unlocking strategic opportunities.

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The Transformative Impact of Outsourcing on Businesses

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While outsourcing is not a requirement for every company, it renders many benefits to businesses that aim to expand their business operations or to cut costs while adding value to their services. Outsourcing could be the next step to grow your operations, provided you choose the right partner and the right type of outsourcing that suits your specific requirements.

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Understanding Mental Health in the Contemporary Workplace and Overcoming Challenges

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A person’s condition with regard to their psychological and emotional well-being. Make your mental health a priority because to be an effective worker you will need a space where you can focus and not be distracted to perform your duties.

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Elevating Your Small Business: Strategies for Successful Scaling Up

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Some businesses focus only on the marketing and sales side of scaling, and they forget to make sure their operations can keep up with demand. Businesses need to have proper data and analytics in place, so a business owner can make precise decisions to determine the next moves for their organisation.

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Unlock the Potential of Outsourcing to Stay on Top of Your Payables

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Accounts Payable (AP) is an important figure in a company’s balance sheet. In the present world of cutting-edge competition with essential information at your fingertips, accounts payable management is among the heftiest tasks for businesses.

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Work and Family Nexus

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Flexible work arrangements have empowered employees to work from anywhere and at any time, fostering a work-life balance that aligns work and personal priorities. Organisations offer diverse flexible options, enabling career development while accommodating individual needs for a harmonious professional and personal life.

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The UK strengthens its position as a global leader in AI

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With a new approach to AI regulation, the government will help the UK harness the opportunities and benefits that AI technologies present. This will drive growth and prosperity by boosting innovation and investment, and building public trust in AI.

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Vulnerability of working parents: Balancing roles in work and home

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In modern-day society, it is vital that both parents work to gain less financial stress, better health care, and even more opportunities for family vacations. The financial stability of a family means the needs of the household are consistently met.

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How to Grow in Business and Stay Relevant

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Relevance isn’t a one-time task- it’s a continuous effort that requires constant re-evaluation and adjustment. With a proactive and strategic approach, you can ensure your business stays relevant, competitive, and successful, no matter what changes come your way.

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What is Corporate Sustainability?

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Corporate sustainability is a business strategy for long-term growth that works in harmony with people and the planet. Become familiar with this strategy and prepare to incorporate it into your company culture.

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What every employer needs to know about toxic workplace culture: What to avoid and change?

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A toxic work environment fosters unethical practices and management styles, resulting in unhealthy habits, bullying, and conflicts between employees as a result of an unethical work environment.

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The transformational benefits of treating every employee as a leader

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Transformational leaders practice a style of leadership that inspires positive changes in both the employees under them and the organisation. These leaders create a culture of innovation and positive change that leads to successful business outcomes.

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The Future of Artificial Intelligence

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Utilising AI has significantly improved numerous areas than just one. As a result, you can see how improved automation, personalised experiences, improved health care, and human-AI collaboration will make the world of the future more efficient and precise.

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The key to success is Motivation

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Employee motivation is crucial to maintaining a successful and healthy business. There will always be some employees who need a little push and a bit of guidance to work harder, and there will also be some who can do it on their own.

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Feeling disengaged at work, why, and what can be done to prevent it?

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An organisation is built with people, and in an organisation, there are many levels in the hierarchy, thus, reasons for disengagement could take many deviations. Why is Employee Engagement important? For a better business outcome. Based on Gallup research only 21% of employees worldwide fall in the “engaged” category.

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Education vs. Experience: What do Employers want more?

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While organisations may want candidates with both education and experience, the scope of the job and the organisation’s preference determine what they are looking for in a candidate. At times employers may prefer candidates with more experience, and in other cases, they may pick candidates with more education.

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Break Your Procrastination Habit

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It takes self-reflection, commitment, and effort to break the procrastinating habit since it is a transforming journey. You can recover control over your productivity and accomplish your goals by comprehending the causes of procrastination, defining specific goals, prioritising chores, and putting these tactics into practice.

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Common Cryptocurrency Tax Myths

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Cryptocurrency taxation can be complex, and there is often a genuine lack of understanding among investors regarding the tax implications. But we are here to set the record straight and bust some of the most common cryptocurrency tax myths!

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How big data is impacting the accounting profession

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Big data is revolutionising the way businesses operate and make decisions. Accountants worldwide are being affected as the accounting profession’s role transforms to embrace big data. While big data presents challenges, it also provides opportunities for accountants to add value to organisations.

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SMSFs and Property: The Rules, Risks and Advantages

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Self-managed superannuation funds (SMSFs) are on the rise, with more and more people looking to take control of their retirement savings. One popular option for SMSFs is investing in property. But what are the rules around SMSF property investment? And what are the risks? What are the advantages?

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Accountants: Why You Need to Use Engagement Letters?

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As an accountant, you are constantly bombarded with tasks, responsibilities, and deadlines. It can be challenging to keep track of everything, let alone find the time to issue engagement letters to clients. However, engagement letters are an essential part of the accounting process and key to protecting yourself and your client.

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Accounting Firms: Increase Efficiency for Growth

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Are you an accounting firm that is looking to grow your business? This can be difficult in such a competitive market, especially with the added pressures of staff shortages, wage inflation, and the need to do more with less. However, with the right strategies in place, one way to achieve growth is to increase efficiency in your firm.

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The difference between an Accountant and a Bookkeeper: Which one do you need?

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Many businesses rely on a professional bookkeeper or accountant to handle their finances, but what exactly does an accountant and bookkeeper do? What’s the difference between the two? And most importantly, which one does your business need?

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Corporate Social Responsibility: A must for every business

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More and more businesses are seeing the benefits of operating responsibly. Not only does it make them more attractive to consumers and employees, but it can also improve their bottom line. Here we discuss what CSR is and what it means for businesses, the benefits of implementing CSR programs, and tips on getting started.

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10 Tips for Effective Debt Management for Business Owners

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Debt can be a significant burden on a business, both financially and emotionally. Poorly managed debt can lead to financial problems and stress and put your business at risk of failure. That’s why managing your debt effectively is essential, but how do you do that?

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10 Things to Consider Before Choosing an Outsourced Accounting Partner

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An outsourced accounting partner can provide a great deal of support, but it’s important to make sure you find the right one. Here are ten things to consider before choosing an outsourced accounting partner.

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The Top 6 Mistakes Businesses Make And How to Avoid Them

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Why do businesses fail? It’s a question that’s been asked since the dawn of commerce but the answer is not always black and white. Sometimes it’s a combination of factors that leads to the demise of a company, while other times it may be just one thing that causes the business to fail.

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Why bookkeepers are key to success for your small business

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Bookkeeping is the process of recording, storing, and retrieving financial transactions for a business. If you want your business to be successful, bookkeeping is key. We discuss the top 7 reasons bookkeepers are key to your small business’s success and give tips on making the most of your relationship with your bookkeeper.

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Selling your business: 11 steps to a smooth sale

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Selling a business can be a complicated and emotional process. Selling a business can take months or even years, and you want to ensure that the process goes as smoothly as possible. Here are 11 steps to help you plan and execute a smooth sale.

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What is CAPEX, and why is it important?: The ins and outs of capital expenditure

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CAPEX is an integral part of business growth and expansion, and it allows businesses to invest in new assets and upgrade existing assets. By understanding what CAPEX is and how it works, you can make more informed decisions about your business’s future.

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Everything You Need to Know About Human Resources Business Process Outsourcing (BPO)

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Here we discuss some key aspects of human resources BPO, including what it is and why it might be beneficial for businesses like yours. We’ll also point you in the direction of some top HR BPO companies that can help you streamline your HR processes.

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Are you a start-up? Think Virtual CFO

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A Virtual CFO can provide a wide range of benefits to a start-up company, from saving money and reducing risk, to attracting investors and managing growth. If you are a start-up, consider hiring a virtual CFO to help you with your financial planning and management.

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Tips for managing your hybrid workforce

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Remote work has allowed many accounting firms to remain operational during the pandemic and offered many other benefits. Benefits include reduced overhead costs, improved employee work-life balance, and increased access to top talent.

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Cyber Security Threats Facing Accounting Firms: How to Protect Your Firm’s Data

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No matter the size, every business is at risk for cyber security threats. Stay up-to-date on the latest data security trends and ensure you take all the necessary precautions to protect your firm’s data. Here we discuss some simple steps you can take to improve your data security posture.

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The Secret to Recovering Lost Deals: The Power of the Follow-up Email in your Accounting Firm

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We meet with a prospective client, we think the meeting went great, and then… crickets and the deal falls through. Maybe they found a better deal elsewhere, were unhappy with the services we offered, or just plain forgot about us.

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How much is your small business worth?

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Determining the value of a small business is not always a straightforward process but it is worth the effort to get an accurate valuation. But you may be wondering why it is important to have a business valuation in the first place?

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What is goodwill?

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Goodwill is a term used in accounting to refer to the value of a company that is not attributed to its tangible assets, such as buildings or equipment. Here we speak about what goodwill is, how its calculated, why it’s important and how it’s recognised in financial statements.

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10 Strategies To Tackle High Inflation In Your Business

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Inflation can have many impacts on businesses, large and small. When the cost of goods and services increases, it can eat into your profits, making it harder to grow your business or even maintain your current level of operation.

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What is ESG, and why is it important for accountants?

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ESG refers to the three central factors in measuring an investment’s sustainability and ethical impact. It can help investors decide where to allocate their money therefore, ESG reporting is becoming progressively important for accountants.

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What Is Agile? & How Can Your Accounting Firm Benefit?

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Agile is a set of values, principles and practices traditionally used for software development that emphasise iterative and incremental delivery, timely responsiveness to change, close collaboration between business stakeholders and self-organising teams, and continuous learning.

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The Top 10 Challenges Accounting Firms Face In 2022

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The accounting profession is constantly evolving to meet the needs of businesses and their customers. However, this also means that accounting firms face a number of unique challenges. We discuss the top ten challenges that accounting firms are facing in 2022.

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How to Make Your Accounting Firm Stand Out

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There are a lot of accounting firms out there, and it can be tough to make sure yours stand out. But by following these tips, you’ll be able to set your firm apart from the rest and attract more clients. Remember that it takes time and effort to stand out from the crowd, but it’s worth it!

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Blockchain & The Future Of Accounting

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Blockchain is a revolutionary new technology that is changing the face of accounting. The same technology that powers Bitcoin is now being used to revolutionise how businesses keep track of their finances, and accountants must adapt to reap the benefits of this innovative new technology.

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7 Simple Ways to Improve Your Bottom Line

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Many businesses are surprised at how easy it is to increase their profits without significant changes. Implementing just a few of these tips can make a big difference in your bottom line!

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Franchising: What You Need to Know

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For many entrepreneurs, franchising provides a unique opportunity to get involved in a proven business model with the support of an experienced franchisor. For franchisors, it’s a way to expand their business quickly and efficiently. Here, we will outline what franchising is, the benefits and disadvantages, and tips for success.

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AI in Accounting and Bookkeeping: The Benefits of Automation

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When it comes to implementing AI in your business, the possibilities are endless, and the bottom line is that if you’re not already using AI, you’re lagging behind your competitors. Start investigating AI platforms today and see how they can help your business grow.

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Why accounting firms should outsource?

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Don’t let the global skills shortage hold your accounting business back. Consider outsourcing to take advantage of a worldwide pool of talent. Outsourcing can be an excellent solution for accounting firms who want to improve their efficiency and bottom line.

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The top 16 Accounting KPIs to measure your financial success

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The types of KPIs that will be of most value to your business will depend on your business goals, your industry, operational processes, and your business model. We outline the top accounting KPIs used by businesses, and these KPIs can be used alongside many other KPIs to meet the specific needs of your business.

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Preparing your small business for EOFY 2022

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The end of the financial year is just around the corner, so it’s time to start getting your small business ready! By being organised and prepared, you can ensure that your business complies with all tax requirements and minimise stress come EOFY time. We will discuss some key things you can do to prepare your business for EOFY.

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Planning for the Future: Create an Exit Strategy for Your Business

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Creating an exit strategy is a complex process with many factors to consider. We will discuss the benefits of having an exit strategy, ways to exit your business, steps involved in developing an exit strategy, and when to seek professional help.

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Planning for the Future: Create a Succession Plan for Your Business

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No one knows what the future holds, but one thing is for sure – it’s essential to plan for it. Business owners often underestimate the importance of having a succession plan. Succession planning is an essential strategy for a business to manage its risk. It ensures that critical skills, knowledge, and work practices are passed on to the next generation of leaders and key employees.

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Planning for the Future: Your Business Continuity Plan

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What would you do if your computer system crashed, a natural disaster struck your area, or you were a victim of a cyber-attack? If you don’t have a business continuity plan in place, these disasters can quickly lead to business chaos, loss of revenue, client attrition and damage to your brand.

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Franchisors: How to find the right franchisees for your business

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When you’re looking to expand your business through franchising, it’s essential to take the time to find the right franchisees. Not just anyone will do – you need individuals who have the skills and experience necessary to run a franchise and the drive and ambition to make it a success.

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The most common bookkeeping mistakes business owners need to avoid

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With the increase complexity of accounting, compliance and bookkeeping processes, business owners juggle to keep their business profitable. During these challenging times especially, it’s easy to understand where some small and medium business owners will make mistakes with the financial aspects of their business.

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Motivational Stories To Push You Forward In Life

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To thrive in the times as we face different challenges and the demands in everyday life, we need lessons and inspiration from others. Here are a few success stories of Olympians to transform our behaviour and improve our businesses, professional, family, and personal lives.

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What are control accounts?

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Control accounts are commonly used for accounts payable and account receivable, which typically experience a high volume of transactions. Control accounts may also be used with other accounts such as inventory, cash, fixed assets, or any other accounts that experiences a larger volume of transactions.

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7 Ways Outsourced Bookkeeping Can Benefit Your Business

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Although bookkeeping is critical to the success of any business given the payroll costs, recruitment and training costs, costs associated with office space and resources, and disruption caused by staff turnover, illness, and holidays, it can be time-consuming and tedious and take time away from other tasks vital to the growth and success of your company.

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What is a Virtual CFO and Why You Need One

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Traditionally, CFOs have been employed by companies in a full-time in-house capacity. However, this is often not viable for small or medium-sized companies that do not have the budget to engage an in-house CFO and may not require full-time services. That’s where virtual CFOs come in!

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7 Ways to Improve Your Client’s Financial Forecasts

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Financial forecasting is the process of estimating the future financial performance of a business by using past financial data, current trends, and economic conditions, and combining this with financial modelling to determine predictions for the future revenue and expenses of a business.

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Data Security for Accounting Firms

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Accounting firms are considered as a prime target for cybercriminals as they are responsible for keeping clients’ confidential information safe. Extra precautions must be taken to safeguard this data and there are several ways accounting firms can reduce their data risk and manage their security.

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Top 5 Accounting Trends

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With the recent developments in the accounting industry and exciting advances in technology are reforming accountants’ roles. They are creating opportunities for accountants to add high-value insights, spend time focusing more on strategic, and advisory roles to aid in decision-making, and improve the bottom line for business.

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Top 5 Accounting Skills for The Future

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Employers find it increasingly difficult to attract the right talent and skills set to achieve long-term common goals. Evolution in technology is paving the way for new and improved accounting tools, shifting the way businesses operate, and implementing new business models to stay competitive making it even harder for employers to handle the skills shortage.

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Advantages and Disadvantages of a Self-Managed Super Fund (SMSF)

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An SMSF is a popular way of saving for retirement for those interested in being highly involved in planning their superannuation and retirement. It allows members control over the choice of assets and insurance, responsibility for investment decisions, and compliance with tax and superannuation laws.

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Budgeting for Cyber Security

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Businesses run on data and therefore, cyber security is now a major concern more than ever! Have you thought about having a budget for cyber security, and do you know what things to be considered when you’re making a budget for cyber security for your business?

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Creative Accountants are in demand!

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Creativity is being increasingly recognized as a valuable workplace skill. The 2020 Future of jobs report by the World Economic Forum has reported that creativity is expected to be increasingly in demand until 2025 and is among the top 5 skills growing in importance and demand.

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The Entrepreneurial Mindset

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An entrepreneurial mindset is one of the most important aspects of being an entrepreneur and is often overlooked. See top 10 characteristics of the right mindset which enables an entrepreneur to be driven to overcome challenges, make tough decisions, take calculated risks and learn from mistakes to ensure their future success.

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How small businesses thrive during Christmas and New Year

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The festive period can be challenging and disruptive to small businesses with juggling staff absences, cash flow and problems with suppliers due to shutdowns. Whatever the challenges your businesses face during this time, here are 5 tips to help prevent any unnecessary financial stress and ensure you have a stress-free break.

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5 simple steps to making a small business budget

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Budget plays a key role in understanding your financial position and facilitating better financial decisions. Many small businesses fail to prepare a budget, and without a budget, they run the risk of overspending, leading to financial difficulties or even the collapse of the business. A business may also miss valuable opportunities by not utilising surplus money to reinvest and grow.

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Overcoming financial challenges facing franchises during the global pandemic

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Franchises that adapted their business models have coped better during the global pandemic, and some have shown improved performance. However, due to the nature of the franchise structure, which requires uniformity, a franchisees ability to adapt is limited. Franchisors must collaborate with franchisees and lead with an adapted operating model to enable quick and efficient changes.

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Seven benefits of Cloud Accounting

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Cloud-based accounting is the ability to outsource the accounting and payroll functions while focusing on the core functions of your business. Outsourcing to qualified accountants and bookkeepers will remove the pressure of back-office processes and complex regulatory compliance while still having the financial information at your fingertips.

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6 ways to better manage cash flow for your business.

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Cash flow forecasting is vital to the health of a business. It involves estimating future sales, other cash inflows, and expenses which gives a clear picture of when cash is coming in and how much is going out every month. A cash forecast will highlight trends and provide clarity to plan for outcomes, future growth and making informed business decisions.

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How accountants are helping entrepreneurs kickstart their business to success

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It is essential to have a business plan that will outline its vision and strategy with short, medium, and long-term goals. A clear business plan with comprehensive financial planning may be the difference between landing finance or struggling to find the funds needed to make their vision a reality.

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Accounting for Cryptocurrency: How to treat these digital assets in our books

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In a nutshell, cryptocurrencies are digital tokens protected with cryptography (a complex set of algorithms). Cryptocurrency works on blockchain technology. The blockchain is a collection of shared records on a publicly distributed ledger, making it very secure and impossible to counterfeit.

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5 benefits of having a dedicated accountant for your small business

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Accounting plays a critical role in running a business because it helps you track income and expenses, ensure regulatory compliance, and provide quantitative financial information to investors, managers and government that you can use to make business decisions.

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Why Accario should be part of your Business Plan

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Long before covid took over our lives and newsfeeds, the astute business owner knew the importance of solid business continuity planning to ensure the company’s ability to overcome any risk.

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RPA and its trends to look out for in 2021

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Robotic Process Automation (RPA) allows anyone to configure computer software by combining artificial intelligence and human interactions within the digital system. Performing daily tasks like calculations, transactions and maintaining records is made easier.

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Remote Working the New Normal

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It wasn’t that long ago that managing employees from a central workplace was the traditional way to operate a business. Covid 19 has forced the world to see that not only is remote working efficient and manageable, it comes with practical cost savings and advantages to both staff and employees that will make it hard to justify a return to full-time onsite working.

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Linking Sri Lankan Talent And Outsourcing

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One of the biggest risks is privacy or security of data can be compromised if lost, copied or bought out by a competitor. The data theft happens either by hacking from a remote place or information is stolen by an employee.

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How Accario Helped a Hair Extensions Brand

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Stephanie Ann Mason, Owner and Founder of Showpony Hair Extensions, on her experience with Accario.

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What Matters the Most in the Business

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One of the biggest risks to privacy or security of data which can be compromised if lost, coped or bought by a competitor. The data theft happens either by hacking from a remote place or information is stolen by an employee.

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Leadership During Covid-19

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The lovely Tima Elhajj interviewed Accario’s Director of Stakeholder Relations, Kat Izzard, on how Accario has been taking care of our employees during the pandemic.

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Managing Eye Health and Screen Time

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Optometrist Terry Izzard, on Managing Eye Health and Screen Time whilst working from home.

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Coping with Crisis – Jenny Makros

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It’s important to recognise the seriousness of the public health challenges facing our community and be mindful that reacting from a place of panic and fear is usually unhelpful, especially in the long-term.

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Payment Terms

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Have you ever wondered what some of these payment terms mean?

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The Age of AI and Businesses

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AI is slowly shaping business, helping business owners automate repetitive tasks free from human error

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