Tue.May 30, 2023

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It's Summertime at AccountingDepartment.com!

Accounting Department

It's summertime at AccountingDepartment.com and we have all sorts of fun things happening! To kick off the summer season this past Memorial Day weekend, we launched our 12th annual ADC Summer Challenge.

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Self Made: Another inspiring Xero Roadshow spent with our growing community

Xero

This year was nothing short of phenomenal, as our Roadshows once again united our accounting, bookkeeping and app partners during our live Johannesburg and Cape Town events. This year we welcomed a record 2,300+ attendees across the two sold-out locations. It’s always amazing to see the passion and support within our growing community, and the innovation driving the accounting industry forward.

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Atlanta chef crafts a culture of respect

Intuit

Diners at Little Bear in Atlanta, Georgia, will notice a theme in the decor: dogs. Head chef and founder Jarrett Steiber named his restaurant after his dog Fernando, affectionately known as a ‘little bear’ due to his size and fluffy fur. As for the food? Jarrett will be the first to tell you that the answer isn’t as easy as you might expect. While the 30-seat eatery is inspired by Jarrett and his wife’s dining experiences in cities like San Francisco and Montreal, Little Bear preserves the atm

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Beautiful game, beautiful business: Why this, why us, and why now?

Xero

We are always looking for ways to help inspire our small business community, motivate the next generation of small business owners and build our brand relevance globally. Football is the most popular and watched sport on the planet and women’s football is ascending at a rapid rate in popularity. The opportunity to help fuel and contribute to this growth is massive.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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What Can Canadian Accountants Learn from the Silicon Valley Bank Failure

Plooto

The failure of Silicon Valley Bank (SVB) triggered a global financial tsunami, stunning multiple industries and institutions and shaking the confidence of both businesses and consumers.

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Accounts Receivable Outsourcing vs. A/R Collections Management Software: What You Need to Know

Gaviti

Accounts receivable is one of the most critical roles in your business. How well your team handles collections determines whether you have the cash to make payroll, pay taxes, and cover other financial obligations. Receivables management can also become incredibly complex and high-risk. This risk compels savvy business managers to consider whether they should use accounts receivable outsourcing or turn to management software.

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QuickBooks Desktop Enterprise: Is It Right For You?

Ace Cloud Hosting

Pointless dystopia might be skeptical about the future of QuickBooks enterprise software. However, the fact is that the desktop version provides features that are not available in the online versions.

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Payoneer vs Hyperwallet

Tipalti

When shopping for a mass payment processor, businesses often compare Payoneer, Hyperwallet and Tipalti. Let’s take a closer look at the features of these platforms and how they meet the needs of companies in the digital economy and their capacity to scale globally.

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In-house Server vs. Cloud Hosting: Understand the Differences

Ace Cloud Hosting

The issue of hosting infrastructure is an important one in the digital age because data and online services are now essential to enterprises. Companies frequently struggle with choosing between in-house.

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Construction Finance Leaders’ Playbook to Win the Talent Battle

AvidXchange

It’s a confusing time in the construction industry. The COVID-19 pandemic caused a backlog in production with supply chain delays and skilled labor shortages, forcing companies to rethink how they do business. While the pandemic is largely behind us, construction companies are still dealing with a backlog because of material and skilled labor shortages.

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Predictions You Can Rely On: How Data Drives Successful Financial Forecasting

Speaker: Robbie Bhathal, Founder & CEO, and Matthew Acalin, Head of Credit Intelligence

In today's volatile financial environment, how confident are you in your company’s financial forecasting? To get the most accurate cash predictions that will lead to long-term financial survival, real-time data is critical. Innovative cash management strategies can lead to better credit opportunities, more sustainable growth, and long-term financial prosperity.

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The AI Coming to Microsoft Products for Accountants with Ashley Francis, CPA

Cloud Accounting Podcast

We're joined by Ashley the CPA (@seattle_tax) to talk about artificial intelligence coming soon to Microsoft products plus all the news you can use at the intersection of accounting and technology. Sponsors ShareFile - [link] Tech Guru - [link] Helcim - [link] Chapters (00:00) - ChatGPT is only the beginning (01:17) - Introduction and welcome Ashley to the show (03:06) - Microsoft Copilot updates (09:02) - A new Microsoft Teams is coming (11:05) - Report from Microsoft says meetings are the #1 p

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3 Key Insights to Attract & Retain CAM Finance Talent

AvidXchange

With changes in the housing market and higher interest rates, the community association management industry is battling rising costs of business. Community association management companies are under pressure to do more with less and reduce expenses as budgets get tighter in a challenging yet competitive labor market. Community association management companies are having trouble hiring community managers as many candidates are expecting higher salaries with less experience.

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Beyond the Basics: A Guide to Unlocking the Full Potential of Digital Transformation in Accounting Firms

Dext

Is your accounting firm already on the path of digital transformation, but unsure of what lies ahead? Are you looking to take your digital journey to the next level and maximise the benefits of technology? Look no further.

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3 Ways Real Estate Finance Leaders Can Win the Talent Battle 

AvidXchange

It’s no secret real estate groups and property management companies are facing challenges with attracting and retaining talent in a tight labor market. Many are fighting for the same resources as they deal with staffing shortages, which could put limitations on portfolio growth. With an unemployment rate of 2.7% in the real estate industry as of January 2023, driving employee engagement is more important than ever for real estate finance leaders.

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Your New & Improved Month-End Close Process Is Not So Far Out of Reach!

All accounting teams know what it is like to dread the inevitable month-end scaries. If there was a way to feel less burdened and maybe even a little enthusiastic to work on your month-end close and reconciliation process, would you do it? No, don't answer that, of course you would! Automate your month-end close process by up to 40% with SkyStem's ART and see how much more alive you feel!

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Your Guide to Adding Value-Added Services to Your Firm

Insightful Accountant

FFP Wealth Management's Joseph Graziano explains why transforming your firm into a one-stop shop helps fulfill more of your clients’ needs—and strengthen yours.

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3 Tips to Dominate the Finance Talent Battle in Senior Living 

AvidXchange

The senior living industry is recovering from critical staffing shortages caused by the COVID-19 pandemic. Nursing homes lost 210,000 jobs from February 2020 to December 2022, according to the American Health Care Association and National Center for Assisted Living (AHCA/NCAL). On top of that, rising operational expenses related to labor costs, inflation and supply chain delays are impacting facilities’ profitability.

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Paying Overseas Freelancers

Tipalti

From tax forms to international payment methods, there’s a lot to consider when paying freelancers abroad. Use our in-depth overview to help navigate payments.

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How to Win the Talent War in Financial Services 

AvidXchange

With inflation and rising interest rates decreasing demand from borrowers, the financial services industry is navigating uncertainty. Banks and credit unions have an opportunity to optimize their business and benefit from higher interest rates, though skilled-labor shortages and a significant amount of employees retiring have created challenges for many businesses.

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The Definitive Guide to Spend Management

The status quo for AP in small and mid-market companies is broken. It consists of messy tech stacks of siloed solutions that give rise to manual work, a lack of control, wasted spend, and unnecessary risks. The benefits of shifting to spend management are tangible, measurable, and are felt across the whole organization. Spend management is a different way of thinking and an innovation whose time has come.

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Automated Invoice Processing

Tipalti

Automate your invoice processing with the help of software designed to save you time and money. Learn how invoice automation works in this in-depth guide.

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3 Ways to Win Financial Talent Across the Media Industry

AvidXchange

Economic uncertainty paired with a talent shortage puts media agencies in a tough position in 2023. Though AdAge reports U.S. ad spending will reach an all-time high this year, anecdotal evidence shows many businesses are cutting budgets and preparing for a recession. According to our Media Agency and Supplier Trends report for 2023, only 15% of media agencies said hiring is “not an issue.

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Meeting on the Hill

Insightful Accountant

CPAs from across the country visit Capitol Hill to discuss the accounting profession with lawmakers.

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More Sun, Less Burnout: Encourage Team PTO This Summer 

AvidXchange

For most, summer brings to mind swimming pools, sunscreen and tropical drinks. But many AP staff associate summer with more of the same: evasive invoice approvals, boring data entry and piles of paper clutter. According to our 2023 AP Career Satisfaction Survey conducted with the Institute of Finance & Management (IOFM), only 22% of AP professionals took their full allotment of paid time off (PTO) in 2022.

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Navigating Financial Storms: Strategies for Building Resilient Balance Sheets

Speaker: Carolina Aponte - Owner and CEO, Caja Holdings LLC

In today's rapidly changing business environment, building a resilient balance sheet is crucial to the survival of any business. A resilient balance sheet allows a company to withstand financial shocks and adapt to changing market conditions. To achieve this, companies need to focus on key strategies such as maintaining adequate liquidity, managing debt levels, diversifying revenue streams, and prioritizing profitability over growth.

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Avoiding the Pitfalls: Common GST Mistakes Made by Small Business Owners in New Zealand

Ontrack Bookkeeping

Goods and Services Tax (GST) is a tax on the use of goods and services in New Zealand. It is a crucial source of income for the government, and small business owners play a significant role in collecting and remitting GST. However, many small business owners in New Zealand make common GST mistakes that can lead to penalties, fines, and even legal action.

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Member Spotlight: Why Earn Your CBA?

NACM

​NACM's Professional Certification Program gives credit professionals the tools they need to excel in their careers. Not only can credit professionals earn a designation, but those who go above and beyond are recognized for their dedication."Deciding to earn my CBA was a great step in learning more about the credit world and brought more depth to m.

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2023 Accounting Hiring Market Continued: How to Play the Game (for Employers)

accountingfly

2023 Accounting Hiring Market continued: How to Play the Game (for Employers) A few months ago, we described the current public accounting hiring market as “a choppy market with mismatched expectations.” Whether you’re an employer planning to hire accountants or a job-seeker looking for a new public accounting opportunity, you will not succeed in the 2023 hiring market without a strategy tailored to current market conditions.

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Make Electronic Payments Simpler: All you need to know

Nanonets

Electronic payments or ePayments are the norms now, driven not only by the enormous digital developments of recent decades but also spurred on by the pandemic-induced lockdowns and social distancing.  The World Bank reports that two-thirds of adults worldwide make or receive a digital payment today, with the share in developing economies growing from 35% in 2014 to 57% in 2021.

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Putting the ‘Tech’ in Spend Management Techniques

Speaker: Wayne Spivak, President and CFO of SBA * Consulting Ltd., Industry Writer, Public Speaker

If you’re lost in the world of spend management needs and your GAP analysis is lacking perspective on the future state of your business performance, listen up! With the advancement of technology, the implementation of spend management best practices and concrete GAP analyses is more streamlined and accessible than ever before. And while this may sound like great news for you and your clients, it won’t be worthwhile unless you have the latest techniques to back up your ambitions!