Wed.Apr 03, 2024

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Accounting class-actions rose last year

Accounting Today

Accounting-related class-action lawsuit filings and settlements both increased in 2023, according to a new report, even though the cases took longer to be filed.

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Make the most out of your Xerocon London trip

Xero

It’s with great excitement and anticipation that we announce the winner of Xero Australia’s Xerocon London partner competition. One lucky partner and a guest of their choosing will be treated to flights and accommodation to London and tickets to attend this year’s Xerocon London on 12 – 13 June. So, the moment of truth. The winner is… A. Kirk (postcode 2340)!

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Only half of filers trust AI with taxes

Accounting Today

Companies using artificial intelligence have a long way to go before people will fully trust them to help with their taxes, according to a recent poll.

Tax 294
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Simplifying the Monthly Close Process with These Simple Strategies

Accounting Department

The month-end is coming up and that means it is time to close. A monthly close can be a laborious process that is dreaded by some accounting and finance departments, but it doesn't have to be that hard!

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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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Small biz boosts jobs, pay in March

Accounting Today

It was the first hiring increase so far this year, according to Paychex, though it remained below pre-pandemic levels.

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The Transformative Impact of Automating Payments on Accounts Payable, Finance, and Treasury Teams

Ascend Software blog

In today's digital era, businesses are constantly seeking ways to boost their operational efficiency and streamline complex processes. One pivotal area that stands out for potential optimization is the Accounts Payable (AP) department. Traditionally bogged down by manual, paper-based tasks, the AP process can be a significant drain on resources and time.

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Intuit UK Gender Pay Gap Report

Intuit

Intuit_UK_Gender_Pay_Gap_Report Download The post Intuit UK Gender Pay Gap Report appeared first on Intuit Blog.

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M&A roundup: Crowe and PKF Smith Cooper expand

Accounting Today

Crowe plans to add Belt Harris Pechacek; and PKF Smith Cooper acquired BLB Advisory.

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Top 10 Add-ons For ProSeries Tax Software

Ace Cloud Hosting

ProSeries Tax Software is among the most widely used tax software for individuals and accounting professionals. Per the 2023 tax software survey by the Journal of Accountancy and The Tax.

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Migrating from Intuit to Intuit - the options

Insightful Accountant

Wondering what your options are about migrating from Desktop Pro and Premier to some other Intuit accounting solution? If so, then this article is for you.

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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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Guide to Virtual Bookkeeping and Automation

Nanonets

Gone are the days of tedious manual data entry and stacks of paper ledgers. Businesses are now embracing the virtual to streamline their financial management processes. Enter virtual bookkeeping – a paradigm-shifting approach that harnesses the power of digital tools and automation to revolutionize traditional bookkeeping practices. Picture this: a team of expert bookkeepers diligently managing your financial records and transactions without setting foot in your office.

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Keeping Your Tax Practice Compliant

Insightful Accountant

Tax practice owners must prioritize compliance for their own firm, not just for clients. Neglecting internal compliance can lead to costly mistakes and damage the firm's financial health and reputation.

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4 Types of Azure Billing Accounts & Tools for Cost Control

Economize

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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Elevating Your Accounting Firm: Expert Insights with Upstream Academy's Jeremy Clopton

Insightful Accountant

In this episode of Accounting Insiders, Gary DeHart and Jeremy Clopton from Upstream Academy discuss consulting for accounting firms, emphasizing leadership and vision strategy.

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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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Enhancing Cash Flow: Effective Digital Payment Options for Businesses in Singapore

Counto

Enhancing Cash Flow: Effective Digital Payment Options for Businesses in Singapore It’s undeniable that the shift towards digital payments is accelerating, driven by Singapore’s Smart Nation initiative and the pursuit of greater efficiency. For SMEs and entrepreneurs , effectively collecting payments from customers is paramount for maintaining cash flow and sustaining growth.

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Top 10 Vendors That Help Build Business Credit in 2024

Nanonets

Establishing good business credit is one of the best things entrepreneurs and business leaders can do for their organizations. Often, business credit is the one thing standing in between small businesses or startups and more access to capital. With a strong business credit score, it’s easier to secure loans and obtain favorable payment terms with business credit vendors and suppliers.

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Foreign Company Registration Options in Singapore: A Concise Guide

Counto

Foreign Company Registration Options in Singapore: A Concise Guide Embark on your Singapore business journey confidently with insights into subsidiary companies, branch offices, and representative offices for foreign entity registration. Subsidiary Company Considered a locally incorporated private limited company. Allows full foreign ownership, offering flexibility in shareholding.

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Guide to Vendor Account Reconciliation Process

Nanonets

Guide to the Vendor Account Reconciliation Process Running a business involves collaboration with various vendors who provide different kinds of products and services. Vendor reconciliation , a crucial part of this process, involves scrutinizing purchase-related documents to ensure accuracy in all vendor transactions. In this article, we will discuss the importance of the vendor reconciliation process and the benefits of employing AI-enhanced tools such as Nanonets.

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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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Guide to Kubernetes Cost Monitoring

finout

Containerized applications support the microservices architecture of cloud-native technologies that many businesses now rely on. Not only do they offer scalability and flexibility but they also ensure that applications are packaged with all the resources they need to function, thus making them fully portable and able to run in any virtualized environment.

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7 Strategies to Reduce DSO and Enhance Cash Flow

Gaviti

When accounting departments want a quick evaluation of the health of a business, they often look at their DSO, or days sales outstanding. Traditionally, a low DSO indicates that your company has capital available and is in good financial standing. However, days sales outstanding are subject to a range of factors and targets should always be based on the wider context of the business and industry.

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5 Naive Mistakes I Made As A Firm Owner

Future Firm

When I was running Xen Accounting, I also had my fair share of mistakes. Check out these mistakes and what should I have done instead. The post 5 Naive Mistakes I Made As A Firm Owner appeared first on Future Firm.

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Modern Pricing Models Drive Higher Valuations for Accounting Firms

Cloud Accounting Podcast

Blake and David meet with M&A advisor Charles Bedard about valuations for accounting firms looking to sell. Bedard explains that subscription-based "modern" firms command much higher multiples than traditional hourly billing firms. Bedard provides specific valuation ranges based on revenue and EBITDA multiples and highlights the importance of recurring revenue.

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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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The 5 Best Virtual Credit Cards in 2024

Nanonets

Though we increasingly manage business expenses and routine transactions online, one payment processing segment hasn’t quite fully caught up to the times – physical credit cards. Often subject to loss, theft, leaks, hacks, and fraud, physical credit cards are increasingly a liability for business owners of all sizes and types. Virtual business credit cards step in to bridge the gap between physical card management and credit accounts and full-blown digitization through payment apps

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What is CMS Cold Storage?

oAppsNet

In the realm of data management and storage, Content Management System (CMS) Cold Storage emerges as a crucial solution for businesses seeking to preserve and protect their valuable data assets. But what exactly is CMS Cold Storage, and how does it differ from traditional storage options? In this article, we’ll delve into the fundamentals of CMS Cold Storage, exploring its definition, key features, benefits, and use cases.

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8 Ways to Use ChatGPT for Finance

Nanonets

After making waves throughout 2023’s early months, Internet users globally increasingly interact with OpenAI’s ChatGPT platform – whether they know it or not. Startups are increasingly starting ChatGPT-wrapped products and chatbots, and even more companies are recognizing the potential upside of internal ChatGPT use. And, just like Robinhood and commission-free trading democratized trading and investing, ChatGPT is also capable of democratizing wider financial literacy by ma