Insightful Accountant

OCTOBER 10, 2023

According to US Bank's 'CFO Insights Report,' more of today's finance leaders are shifting to more of a defense mode. Check out the survey results inside.

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Economize

APRIL 3, 2024

How Does Azure Billing Work? Microsoft Azure consists of numerous services and resources catering to diverse business requirements. From compute resources, and databases to analytic services, the Azure platform offers an extensive range of solutions to address your infrastructure needs.

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Accounting Department

NOVEMBER 14, 2023

But in today's ever-changing business landscape, controlling costs is easier said than done. As a small and medium-sized business (SMB) owner, managing your cash flow and expenses is crucial to keep your business afloat and profitable.

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Outsourced Bookkeeping Bookkeeping Services Account Bookkeeping Bookkeeping 245

Xero

JANUARY 14, 2024

In 2024 and beyond, four ‘C’ dynamics will underpin the development and impact of this technology: cost, consolidation, control and creation. Trend #1: The cost of AI will need to be managed The next big thing for AI will be cost — or rather, how to contain the runcost of AI.

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CloudZero

MARCH 4, 2021

But these alluring features also present the biggest challenges when it comes to cloud cost allocation. Two major attractions of the cloud are the on-demand availability of services and the ability to deploy resources at the click of a button.

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Xero

NOVEMBER 27, 2023

Getting bills into Xero, processing the payment and reconciling each transaction can take time away from important tasks, like growing revenue and managing costs. Best of all, there are no monthly subscription costs — once you’ve connected your bank account, you only pay when you select direct bank transfer as the payment method.

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Accounting Department

JULY 13, 2023

This article recaps the important role of inventory management in e-commerce and the vital ways it helps businesses control costs and improve customer relationships.

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Accounting Accounting 215

FinOps Foundation

JANUARY 24, 2024

Key Insight: Assuring Finance leaders that cloud providers are committed to optimizing (and reducing) the cost of cloud services can help give executives confidence to approve cloud migration and usage. Showing this cleared the way for Fidelity’s cloud migration.

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FinOps FinOps 130

Accounting Tools

MAY 16, 2024

What is Inventory Control? Inventory control is the management of a company's inventory to maximize its use. The goal of inventory control is to generate the maximum profit from the least amount of inventory investment without intruding upon customer satisfaction levels. The resulting data is too old to be of any use.

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FinOps Foundation

JANUARY 24, 2024

Key Insight: Assuring executive s that cloud providers are committed to optimizing (and reducing) the cost of cloud services can help give Finance teams confidence to approve cloud migration and usage. Showing this cleared the way for Fidelity’s cloud migration.

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FinOps Foundation

JANUARY 24, 2024

Key Insight: Assuring executive s that cloud providers are committed to optimizing (and reducing) the cost of cloud services can help give Finance teams confidence to approve cloud migration and usage. Showing this cleared the way for Fidelity’s cloud migration.

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Accounting Department

JUNE 20, 2023

Every business faces a variety of major accounting and spending-related challenges. Chief among them — how can a business keep its spending to a minimum while still ensuring that they invest in growth areas and achieve its business goals?

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Xero

MARCH 4, 2024

Despite improvements over the past year, inflation (or cost-of-living) pressures remained in late 2023. Meanwhile, small businesses are trying to stay profitable in a climate where sales are slowing and costs are rising. This is due to high inflation continuing to put pressure on many costs associated with running a business.

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Xero

AUGUST 30, 2022

Wouldn’t it be great if you had more control over when your customers paid you? The good news is you can control when your customers pay you, with bank payments powered by GoCardless. This puts the control of when payment is made with the customer, not the business owner. Reduce the cost and stress of taking payments.

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XERO Collections Billing Invoicing 200

ProsperOps

MARCH 28, 2023

Background: In A CFO’s Guide to Evaluating Cloud Spend , CloudZero introduced the “vicious cycle of cloud costs,” often initiated after the CFO receives their biggest AWS bill. On the flip side, the complexity of the cloud can make it difficult to both understand and manage costs.

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FinOps Automation FinOps FinOps Billing 130

Accounting Department

FEBRUARY 9, 2023

This includes: Outsourced business processes Bookkeeping Controller services Advisory services Payroll Payroll compliance Financial statement preparation Audits and reviews Succession planning In essence, CAS covers carefully tailored services that enable companies to grow and improve their finances on a more in-depth level.

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Accounting Accounting Bookkeeping Payroll 239

Accounting Tools

NOVEMBER 24, 2023

What is a Controllable Variance? A controllable variance refers to the "rate" portion of a variance. Or, stated another way, the controllable variance is actual expenses minus the budgeted amount of expenses for the standard number of units allowed. Related Articles Accounting for Variances Cost Variance Analysis

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Xero

APRIL 17, 2024

What used to be time consuming and cost-prohibitive is now quick and affordable, and readily available to businesses of all kinds. Within your carbon footprint, emissions are broken down and reported into three scopes based on ownership and control: Scope 1: Direct emissions that occur from sources owned or controlled by the company.

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XERO Accounting Accounting Billing 232

ProsperOps

NOVEMBER 29, 2023

Greater cost-efficiency With fewer manual interventions, human errors are less likely. Access control ensures that specific users have permission to execute certain jobs on certain nodes. Codeship Codeship integrates with popular version control platforms like GitHub and Bitbucket, automatically testing new code commits.

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Xero

JANUARY 30, 2024

Australia’s current property market presents both challenges and opportunities, with changing tenancy rules and rental controls, and the impact of interest rates and cost of living pressures. Xero can help you with real-time insights into how your rental income is balanced against some of the costs that may apply.

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ProsperOps

JANUARY 31, 2023

But, as cloud adoption increases, so does the cost of doing business. As more cloud services are introduced, along with serverless and microservice-based architectures, measuring cloud costs is both complex and unpredictable. That’s where cloud cost optimization comes into play. FinOps Basics: What is Cloud Cost Optimization?

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Cevinio

DECEMBER 13, 2023

Having the potential to cost hundreds of thousands of dollars in losses, it can decimate business-to-business relationships and cause irreparable damage to an organization’s good reputation. At Cevinio, we help companies seeking streamlined global operations, monitoring and control tools, and best-in-class AI and ML solutions.

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Accounting Tools

NOVEMBER 5, 2023

Related Courses Accounting Controls Guidebook Accounting Procedures Guidebook What is Internal Control? Another way of looking at internal control is that these activities are needed to mitigate the amount and types of risk to which a firm is subjected. The result is a more efficient and less expensive audit.

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Bank Reconciliation Auditing Financial Statements Accounting 75

CSI Accounting & Payroll

OCTOBER 1, 2023

Without a proper way to track and control operational expenses for your trucking company, you run the risk of going out of business. One way to gauge profitability is to calculate the cost per mile for each of your trucks. We know that calculating your cost per mile starts with your company’s expenses.

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Payroll Accounting Accounting Small Business Accounting 98

Accounting Tools

SEPTEMBER 29, 2023

Related Courses Cost Management Guidebook What is Cost Management? Cost management is the control of actual or forecasted costs incurred by a business. It is essential for a company to employ proper cost management, or else it will have difficulty consistently generating a profit.

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Economize

JULY 12, 2023

This article provides an in-depth examination of top ITFM tools, reveals crucial factors for tool selection, and uncovers the significance of ITFM in controlling IT costs.

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Accounting Tools

MAY 16, 2024

The concept is used in standard costing to identify inefficiencies in a production process. The variance is then multiplied by the standard cost per hour to quantify the monetary value of the variance. A time variance is the difference between the standard hours and actual hours assigned to a job.

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Cost Accounting Accounting Accounting 40

Accounting Tools

APRIL 14, 2024

What is Budgetary Control? Budgetary control is a system of procedures used to ensure that an organization's actual revenues and expenditures adhere closely to its financial plan. Advantages of Budgetary Controls There are multiple advantages to the use of budgetary controls, which is why they are installed in most larger businesses.

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Accounting Tools

APRIL 7, 2024

Manufacturing overhead is all indirect costs incurred during the production process. This overhead is applied to the units produced within a reporting period , so that the cost of these units are fully burdened with all manufacturing costs. These costs are then charged to the cost of goods sold as the units are sold over time.

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Cost Accounting Financial Statements Financial Reporting Auditing 75

Outsourced Bookeeping

APRIL 4, 2024

Track project expenses meticulously for accurate cost monitoring For construction businesses to accurately manage their costs, meticulous tracking of project spending is essential. Accurate cost monitoring also promotes accountability and transparency, which builds confidence with customers and stakeholders.

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Bookkeeping Outsourced Bookkeeping Budgeting Data Entry 52

Insightful Accountant

MAY 23, 2023

The solution integrates controls capture directly into financial close and other processes, reducing complexity, costs and compliance implementation and maintenance efforts.

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Accounting Tools

OCTOBER 26, 2023

Advantages of Total Quality Management The advantages of total quality management (TQM) include the following: Cost Reduction When applied consistently over time, TQM can reduce costs throughout an organization, especially in the areas of scrap , rework , field service, and warranty cost reduction.

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Customer Service Accounting Accounting 75

Accounting Tools

FEBRUARY 25, 2024

Construction Audit A construction audit is an analysis of the costs incurred for a specific construction project. Activities may include an analysis of the contracts granted to contractors, prices paid, overhead costs allowed for reimbursement, change orders, and the timeliness of completion.

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Accounting Tools

MAY 18, 2024

What is the Cost of Quality? The cost of quality is the accumulated cost of not creating a quality product. These costs can include reworking a product, testing it, field service to make corrections after a product has been installed, and replacing a faulty product. The cost reduction can impact a great many areas.

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Accounting Tools

APRIL 9, 2024

What are Out-of-Pocket Costs in Accounting? Out-of-pocket costs refers to expenses incurred by employees that require a cash payment. The employer typically reimburses employees for these costs through an expense reporting and check payment system. What are Out-of-Pocket Costs in Health Care?

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Accounting Tools

NOVEMBER 24, 2023

What are Quality Costs? Quality costs are the costs associated with preventing, detecting, and remediating product issues related to quality. Quality costs do not involve simply upgrading the perceived value of a product to a higher standard. Quality costs fall into four categories, which are noted below.

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Spenmo

JANUARY 31, 2024

This results in greater control, improved visibility, and increased efficiency in financial transactions. The Importance of Control, Visibility, and Efficiency in Spend Management Control, visibility, and efficiency are vital to streamlining and scaling business finance.

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Accounts Payable Accounts Payable Invoicing Account Reconciliation 52