Tue.Mar 21, 2023

article thumbnail

Digitizing Payments for Service Based Industries

Fidesic blog

Digitizing accounting functions can improve efficiency, reduce costs, and increase accuracy for service-based companies. It can also provide valuable insights and analytics that can aid decision-making and help firms stay competitive in a rapidly evolving marketplace. In this post we will discuss the importance of digitizing B2B payments as it relates to digital transformation (DX) initiatives.

article thumbnail

Carving out a niche: from frustrated cook to happy knife sharpener

Intuit

Ask Michael Behn what he loves about knives and you’d better be ready for some serious geeking out on the subject. You’ll hear about his passion for Kikuichi knives, which draw on Japanese bladesmithing skills dating back 750 years. Or he’ll convince you that switching from that dull tool in your kitchen drawer to a high quality knife feels like cutting vegetables with a laser.

CPA 245
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Do Accountants Need a New Image?

Insightful Accountant

Trullion CEO Isaac Heller explains why technology offers an answer—and the promise—of revitalizing an industry.

article thumbnail

Mobile home flipping leads to shared prosperity

Intuit

While sparring with his aspiring-boxer nephew, Cedric Utley took some punches and closed his eyes on impact. He learned an important life lesson when his nephew chided, “You got to get hit with your eyes open.” The words stuck with Cedric. “That’s kind of what life is,” he says. “You’re going to get hit, but you still have to see the opportunities in front of you.

Tax 130
article thumbnail

Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

article thumbnail

Relay and Profit First Joining Forces

Insightful Accountant

Thanks to the new partnership, Relay will become the official online banking platform for the network of certified coaches and trainers.

101
101
article thumbnail

What are the main challenges of the MLOps process?

FinOps in Practice

MLOps stands for Machine Learning Operations and refers to the practice of implementing the development, deployment, monitoring, and management of ML (machine learning) models in production environments. The main aim of MLOps is to close the gap between data science and IT operations by applying certain principles and practices – from DevOps to ML workflows.

FinOps 100

More Trending

article thumbnail

NACHA File

Tipalti

What is the NACHA file format and how is it used in ACH payments? Get familiar with NACHA files and how to use them in our ultimate guide.

52
article thumbnail

Digital Transformation and the Future of Accounting

Dext

Digital transformation is no longer a faraway, visionary concept; it’s happening before our very eyes. The question is: how will it affect the future of accounting? To help accounting firms, we explore the three core pillars and suggest where you can make a start. What is digital transformation?

article thumbnail

Distorted Images: How Accounting Rules Allow Banks to Hide the True State of Their Finances

Blake Oliver

It's time for a reality check on accounting standards. A Wall Street Journal article published today highlights concerns around the $8 trillion mortgage debt market and the accounting treatment of mortgage-backed securities (MBS) on bank balance sheets. It's time to question whether the current approach truly reflects the financial health of banks. Accounting standards allow banks to classify MBS as "hold-to-maturity" (HTM) investments, avoiding the need to recognize losses as long as they claim

article thumbnail

An in-depth guide: What is accounts payable?

Nanonets

Accounts payable defined The accounts payable is an accounting term that refers to the money that a company owes to a vendor or a supplier – for having availed of their products or services. When a company buys products or services from a vendor with an arrangement to pay later, the amount is called the accounts payable - until the payment is made.

article thumbnail

The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

article thumbnail

QuickBooks Contractor Payments

Tipalti

Maximize the potential of your QuickBooks system and establish a reliable accounts payable workflow. From invoice processing to vendor payments, read our in-depth guide.

article thumbnail

Purchase Order Automation

Nanonets

Introduction A purchase order (PO) is a commercial document that represents a formal request to a vendor or supplier to provide goods or services at a specified price and within a certain timeframe. It is a legal agreement between the buyer and the seller, outlining the details of the transaction and setting the terms of the purchase. Purchase orders are typically used by businesses to ensure that they receive the correct goods or services at the agreed-upon price and quantity.

article thumbnail

5 Tips On Value Pricing Every Bookkeeping Business Owner Should Know | The Successful Bookkeeper Blog

The Successful Bookkeeper

Understanding value pricing and implementing it can do wonders for your bookkeeping firm. Find out how you can do just that and increase your profitability.

article thumbnail

ACH Transfers: How long do they take?

Nanonets

What is an ACH transfer? ACH (Automated Clearing House) payments are basically EFTs ( electronic fund transfers ) that use the ACH network to move funds between bank accounts in the United States. ACH is most commonly used for direct deposit of payroll, payment of bills, and business-to-business payments. The ACH network is managed by NACHA, formerly known as the National Automated Clearing House Association.

article thumbnail

Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.

article thumbnail

Free Excel Bookkeeping Templates to Keep Your Books in Order

Jetpack Workflow

While accounting software has significantly helped businesses manage bookkeeping tasks, not every business can afford the subscriptions, let alone the cost of training and retaining a bookkeeper to enter and maintain data in the software. However, businesses can bridge this gap with simpler and more affordable Excel bookkeeping templates. In this article, we will help you identify whether spreadsheets are an ideal choice for you.

article thumbnail

What is credit decisioning and how to automate it?

Nanonets

What is credit decisioning? Credit decisioning, also known as the credit/loan approval or decline process, is a critical step in the loan or credit process. Business owners and credit professionals must consider multiple factors before extending payment terms to a new customer or increasing the credit limit of an existing customer. The process requires an objective evaluation of the potential borrower's creditworthiness, taking into account the Four C's of Credit Granting – char

article thumbnail

How to Forecast and Budget Cloud Spending

finout

Table of Contents Why Budgeting and Forecasting are Important? Trend-Based vs Revenue-Based Forecasting When To Use a Third-Party Tool? Seasonality and Special Events Anomaly Detection Final Thoughts Forecasting cloud costs is challenging. Your usage is likely highly dynamic, there might be poor visibility into what's driving your spending, and priorities can change at any moment.

article thumbnail

AuditClub Advances Mission with Introduction of AuditClub One

Insightful Accountant

The game-changing entrepreneurship model offers to address the talent exodus and pipeline problems prevailing throughout the profession.

52
article thumbnail

8 Pillars of Leadership Development

Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.

article thumbnail

Comerica Bank Business Checking Review 2023

Fit Small Business

Comerica Bank is a decent option for businesses with low to moderate monthly transaction volumes and those that need affordable business checking accounts. There are four types of business checking accounts: Free account for businesses with very low transaction volumes. $16 small business account for businesses with moderate transaction volumes. $21 interest-earning account. $27 commercial.

article thumbnail

Today Only Enterprise Intercompany Relationships 'Live'

Insightful Accountant

Don't miss today's live QuickBooks Enterprise Intercompany Relationships webinar, where you will get to see how you'd expect it to work in real life.

article thumbnail

8 Best Social CRM Software Options in 2023

Fit Small Business

Social customer relationship management (CRM) platforms connect with social media channels, allowing you to track engagements, monitor audience behavior, and generate leads. The integration between a CRM system and a social media channel provides richer contact data and lets you respond to customer concerns on social media. We evaluated dozens of social CRM software to.

52
article thumbnail

Accelerate Collection of Receivables: Strategies to Streamline Invoice to Cash

Gaviti

Your business may be seeing peak sales, but still struggling to have enough cash on hand to maintain comfortable business operations. If this sounds like your company, then the best solution is to accelerate your accounts receivable collection so you can turn sales into capital you can actually use to maintain your business. There are many strategies to streamline invoice collection to get the money owed to your company quicker.

article thumbnail

How to Modernize Manufacturing Without Losing Control

Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives

Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri