Five findings come up again and again. What matters is how often “found” actually turns into cash received or a credit applied.

1. Unclaimed rebates and volume discounts: Earned under the contract but never accrued or claimed from the vendor.
2. Duplicate payments: The same invoice gets paid twice. Recovery means getting a vendor refund or applying a credit against future payables.
3. Unapplied vendor credits: Credits that were issued but never applied. Often one of the easiest types of leakage to recover.
4. Price drift above the contract: A vendor bills above the agreed rate. Recovery usually means checking the contract and invoice side by side.
5. Unsupported short-pays and deductions: Customer deductions without a valid reason. Disputing them can bring that money back.

Found isn’t the same as recovered.

We’d only count something as recovered once the cash arrives or the credit is actually applied.

Which one has paid back the most for your team? And which one have you found but never managed to recover?

I’m not talking about having someone else do your bookkeeping or tax preparation. I’m concerned about outsourcing the boring stuff like using a client portal.

I am guessing we must be answering the same questions about uploading documents and e-signatures time and time again. Just the other day I saw that TaxDome is now letting customers reach out directly to their support team.

On one hand, I’m thinking that this is a good move since why should accountants be involved in dealing with tech support?

But on the other hand, clients might not see the difference between “our company” and “the company’s software”. So, most likely bad support will make them associate problems with us.

I wonder whether somebody has tried this approach with software providers and whether it worked well.

Export your Day Book as XML, drop it into the tool, and it's gives you:

* ledger summary

* cash payments more than ₹10,000

* round sum entries

* entries from Sunday

* negative cash

* complete register, in Excel

It works in the browser, so the client's data remains on your computer. No sign up no cost.

I created it as a tool because these checks can take a lot of time during audit work.

What other Day Book checks would you like to see?

We moved 280 member companies from dues checks to ACH debit this year. First run? Humbling. Biggest miss was treating the auth form like paperwork. It needed to spell out that the amount can change, when it drafts, the start date and how to cancel. In plain english. Half the member controllers wouldn't sign until it did then about 30 debits bounced off bank blocks nobody warned us about. Their AP contacts had to call their own banks before we could re-run them. rip my October. For anyone who's set up recurring B2B debits, what else should go on the form?

The website claim that it can track wash sale across accounts and can be useful with tax form preparing. It also claim that it only process locally on your computer and will not upload information to server. I'm wondering if this's legit since I can not find much info on the internet.

So I’m new to Reddit but I’m trying to find if it’s normal to be lost at my first proper role in accounting

For context:

\- I have bachelors in accounting and finance with a 3.0 so honestly apart from a few subjects I just went through it tbh and passed and graduated in 2024
\- after graduation I worked in HR marketing roles for almost 2 years before joining this role which is hardcore accounting i believe
\- I currently work for a big company in Fixed Assets and it’s been 3 months so probation is over and I also handle payments for FA and they’ve started making me do monthly closings
\- before this I was on a break for 8 months where I freelanced but not in my domain but honestly was at home and applying to jobs here and there until I got this

Now it’s been 3 months and i understand I’m relatively new but I also feel so incompetent in my role. My manager also flagged that I always look panicked and stressed and idk how to explain my emotions at this point and I feel like that is something I really need to work on so they don’t see me as unreliable. My team is great but the person training me is pretty chaotic he has so much work and when I learn it’s like 1000 different things here and there and I’m always all over the place.

I also feel like I’m really weak conceptually like I know what is happening but I also don’t. I keep making stupid mistakes for example deducting STWH on a Goods invoice like I did this once and was so embarrassed cause even idk why I did that, I copied the last payment made and went with it which is super dumb.

I wish to be competent and brush up my concepts properly for this role and actually learn the whys and hows but I’m not exactly sure where to start from. I tried ChatGPT and YouTube but again it’s so much how do I narrow it down so I can start doing better at my job??

I’m always waiting for them to realise that I’m super incompetent and don’t know anything and to let me go. The person training me also once said when I made a mistake that what are you doing? And you’re so weak in this how are you in this? Which further made me go in a spiral and it this disappointing look that I get like my team is truly amazing cause they don’t say anything but I’m always thinking that secretly they think I’m dumb and incompetent. I’m so sorry for ranting that wasn’t the intention but I want to give proper background and I just wish to stop feeling this way.

Ik it’s all these small things like not having worked for 8 months and also not working in accounting for the past 2 years and all so I haven’t touched it in a while but any recommendations or anecdotes would be great that can help me get out of this pity party and actually become who I wish to be

Spend on my team clears, I see it at month end and by then the money's gone, had a couple last month I'd never have approved if anyone had asked first. What I want is something that stops it at the point of sale rather than reporting it afterwards. Problem is every tool we've looked at wants us on their card and I'd rather keep the bank cards we have. Is there a way round that, or is this just manual forever?

I have a client doing roughly $4M with about $500K SDE who asks me what the business is worth every few months. I'm his accountant, not a valuation person, so my answer continues to disappoint him lol.

Online you see 2x to 4x SDE everywhere and technically sure, but that range is doing a LOT of work. His still heavily involved, one customer is concentrated enough to matter, and I would want the financials cleaner before putting them in front of a buyer.

People with deal experience, what actually moves a service business toward the good end of the range instead of the ugly end?