Fidesic blog

JUNE 15, 2023

Overall, payments fraud is the lowest it has been in nearly 10 years, according to an annual report released in May by the Association for Financial Professional and J.P. Morgan.

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Xero

JUNE 15, 2023

If you’re a small business owner, chances are you’re always on the lookout for new and innovative ways to grow your business. A great way to do so could be right under your nose: on your local football pitch, and you don’t need to buy some football boots or play a full 90 minutes. Football sponsorship isn’t just for major companies – small businesses with varying budgets can get involved, too.

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Accounting Department

JUNE 15, 2023

Virtual bookkeepers work with a wide range of client types and business sizes in various stages of growth. So, your virtual bookkeeper can be expected to bring a great breadth and complexity of knowledge and experience to your company.

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Virtual Bookkeeping Bookkeeping Services Bookkeeping Outsourced Bookkeeping 161

RevCycle

JUNE 15, 2023

What is an ASC? An ambulatory surgery center (ASC) is a healthcare facility that provides same-day, outpatient surgical care. ASCs are typically freestanding facilities, meaning they are not found within a hospital. They are staffed by a team of surgeons, nurses, and other healthcare professionals who provide high-quality, cost-effective care. ASCs offer a variety of surgical procedures, including: Cataract surgery Ear, nose, and throat procedures General surgery procedures Gynecological procedu

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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.

Accounting

Insightful Accountant

JUNE 15, 2023

Murph describes the benefits of the Hour Timesheet Referral Program as an example of options for the time-tracking/keeping app you may currently be supporting.

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LedgerDocs

JUNE 15, 2023

Artificial technology rapidly changes every industry, and bookkeeping is an exception to this revolution. The future of AI bookkeeping is looking very promising, not only for bookkeepers but for business owners as well. In this blog post, we will explore how technology will reshape the role of modern bookkeepers in the coming years. Super Bookkeepers: The goal of AI bookkeeping is not to replace human bookkeepers, but to augment their abilities, to make them into “Super Bookkeepers”

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Bookkeeping 80

Accounting Tools

JUNE 15, 2023

Related Courses Credit and Collection Guidebook Effective Collections Essentials of Collection Law What is a Dunning Letter? A dunning letter is a notification sent to a customer, stating that it is overdue in paying an account receivable to the sender. Dunning letters typically follow a progression from polite reminders to more strident demands for payment, if the customer continues to be non-responsive in paying.

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Collections Invoicing Accounts Receivable Accounts Receivable 75

CSI Accounting & Payroll

JUNE 15, 2023

As a small business owner, you don’t have a lot of time to research all of your options for accounting services. Plus, there’s not a lot of information out there about monthly accounting. How are you supposed to find your right fit if you can’t compare all of your options? CSI Accounting & Payroll has worked with small business accounting for over 50 years.

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Small Business Accounting Accounting Accounting Payroll 52

Accounting Tools

JUNE 15, 2023

Related Courses New Manager Guidebook What is a Responsibility Center? A responsibility center is a functional entity within a business that has its own goals and objectives, dedicated staff, policies and procedures, and financial reports. It is used to give managers specific responsibility for revenues generated, expenses incurred, and/or funds invested.

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Financial Statements Financial Reporting Accounting Accounting 75

Earmark Accounting Podcast

JUNE 15, 2023

Sponsor Check our Sponsor LiveFlow — Advanced Financial Reporting on Autopilot In this episode of the Earmark Accounting Podcast, Blake talks with Stacey Feldman, CPA, about her experiences in the world of CPG and accounting at PopSockets. They look at the challenges of scaling a startup, from tracking components in a supply chain to accounting for inventory costs.

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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.

Less Accounting

JUNE 15, 2023

The success of an ecommerce business depends on various factors, such as product quality, pricing, and marketing strategies. However, one of the most critical factors that can impact the long-term sustainability of the business is the returning customer rate (RCR). RCR is a metric that measures the percentage of customers who make repeat purchases from the same e-commerce store.

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Customer Service Accounting Software Bookkeeping Services Bookkeeping 52

Nanonets

JUNE 15, 2023

Accounting automation has become a game-changer in the financial world. It transforms how businesses handle their financial processes. Accounting automation can help streamline operations, reduce errors, and save time and resources. In a survey, 58% of accountants said automated accounting led to increased efficiency. US accounting services show that nearly 75% of accounting tasks can be automated.

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Less Accounting

JUNE 15, 2023

Welcome to the world of marketing agencies! You’re part of an industry that’s dynamic, fast-paced, and always evolving. As a marketer, you’re always on the lookout for new and innovative ways to help your clients achieve their goals. But there’s one aspect of your business that’s often overlooked – bookkeeping. If you’re like most marketing agencies, you’re probably more interested in creating compelling campaigns and generating leads than keeping track

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Bookkeeping Record Keeping Financial Reporting Budgeting 52

Future Firm

JUNE 15, 2023

Firm owners often find themselves caught up in long workweeks filled with tasks, leaving little time for personal pursuits. In this podcast episode, I shared how you can get free from the shackles of 40-hour or more workweeks. Listen Below. 0:25 – Most firm owners desire financial freedom and independence, but above all else, they want more time back. 0:48 – I frequently hear from firm owners that while they would be satisfied with consistent 40-hour workweeks, they have identified t

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Accounting Accounting 52

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Accounting

Less Accounting

JUNE 15, 2023

Are you a construction business owner struggling with keeping track of your finances? Don’t worry, you’re not alone. Accounting can often be a daunting task, especially when you have a lot on your plate already. However, it’s crucial to understand the basics of accounting and to set up a proper system to avoid any potential financial mishaps down the line.

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Insightful Accountant

JUNE 15, 2023

Intuit has launched QuickBooks Online Accountant (Global Edition) free to accounting professionals in 170-plus countries. Murph has a snapshot here.

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Less Accounting

JUNE 15, 2023

As an electrician, you know that keeping track of your finances can be a daunting task. However, proper bookkeeping is essential for the success of your business. It helps you keep track of your expenses, invoices, and bank statements, and allows you to make informed decisions about the future of your business. In this article, we will guide you through the basics of bookkeeping for electricians.

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Nanonets

JUNE 15, 2023

Introduction Documents are the lifeblood of business communication. They allow for the transfer of information, the tracking of decisions, the formalization of procedures, and the documentation of business transactions, among many other things. Documents come in a myriad of forms such as emails, memos, contracts, invoices, reports, and more. They can take the shape of text files, spreadsheets, presentations, and other digital formats.

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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.

AP

Less Accounting

JUNE 15, 2023

Are you an engineering firm struggling with the financial management of your business? Do you find it challenging to keep track of your expenses, revenue, and cash flow? Bookkeeping is an essential aspect of any business, and for engineering firms, it can be especially complicated. But don’t worry, we’ve got you covered. In this article, we’ll explain everything you need to know about bookkeeping for engineering firms, including the basics, specific needs of your industry, type

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Cloud Accounting Podcast

JUNE 15, 2023

Welcome to the new era of "The Accounting Podcast," formerly known as "The Cloud Accounting Podcast." Why the name change? This show was born out of a passion for technology's role in accounting, and over the last five years, as cloud-based tools became the norm, we broadened our scope to cover a wide range of topics. We're now delving into everything from PPP and the talent crisis to artificial intelligence, fraud, the business models of accounting firms, the IRS, politics, and much more.

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Accounting Tools

JUNE 15, 2023

Related Courses Business Valuation Fixed Asset Accounting What is a Hard Asset? A hard asset is a tangible asset ; something that can be seen and touched. A hard asset has historically been the most common type of long-term asset , such as production equipment, buildings, and vehicles. Hard assets also include financial assets , such as cash and marketable securities.

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Accounting Accounting 40

Compleatable

JUNE 15, 2023

As a consumer, Covid accelerated the inevitable shift to online shopping, and now that we have the confidence in how convenient online buying has become, there’s simply no going back. So, why isn’t this happening at our workplace? Integrating the shopping experience into the workplace just makes so much sense for everyone outside of finance.

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Invoicing Accounting Software Billing Purchase Order 100

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.

Accounting Tools

JUNE 15, 2023

Related Courses Bookkeeping Guidebook How to Audit Revenue Revenue Recognition What is Interest Revenue? Interest revenue is the earnings that an entity receives from any investments it makes, or on debt it owns. Under the accrual basis of accounting , a business should record interest revenue even if it has not yet been paid in cash for the interest, as long as it has earned the interest; this is done with an accrual journal entry.

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MineralTree

JUNE 15, 2023

As a business grows and expands, its financial management needs often grow increasingly complex. Enterprise resource planning (ERP) systems like NetSuite can help organizations manage these obligations, while also facilitating collaboration. NetSuite specifically is highly customizable, making it a popular choice for mid-market businesses. However, to fully leverage the benefits of NetSuite, it’s crucial to integrate it with other applications such as an accounts payable (AP) automation to

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Accounting Tools

JUNE 15, 2023

Related Courses Managerial Economics What is Hyperinflation? Hyperinflation is an extremely rapid increase in prices. Hyperinflation typically occurs when the central government greatly expands the money supply or when there is a loss of confidence in the currency. This situation usually arises when a country undergoes an unusually stressful budgetary situation, such as a budget shortfall caused by a collapse in commodity prices.

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Budgeting 40

Nanonets

JUNE 15, 2023

Offices around the world are becoming paperless. Document management systems have replaced rooms full of business documents. On top of that, it comes with benefits like intelligent automation, fewer errors, additional savings, enhanced security, and more. And it’s growing fast. The document management software market currently stands at USD 5.5 billion in 2023 and is set to grow to USD 16.4 billion by 2029 with a 16.8% CAGR.

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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!

Accounting

Accounting Tools

JUNE 15, 2023

Related Courses Business Insurance Fundamentals Enterprise Risk Management What is an Insurance Policy? An insurance policy is a contract between an insurer and an insured party, which clarifies the claims that the insurer is required to pay. The policy sets forth the risks covered, the duration of the coverage period, the coverage to be provided, the amount of any deductibles, and the premium payments to be made by the insured party to the insurer.

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Analytix Finance & Accounting

JUNE 15, 2023

Managing finances is one of the most critical tasks for any business. Accounting is a particularly important priority for small businesses. As a business owner, you need an accurate and organized system to manage your financial transactions, track expenses, and generate financial reports. To achieve this, many small businesses turn to accounting software, which offers a range of tools and features to streamline and simplify the financial management process.

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Accounting Tools

JUNE 15, 2023

Related Courses Accounting for Investments GAAP Guidebook What is the Accounting for Investments? The accounting for investments occurs when funds are paid for an investment instrument. The exact type of accounting depends on the intent of the investor and the proportional size of the investment. Depending on these factors, the following types of accounting may apply: Held to Maturity Investment If the investor intends to hold an investment to its maturity date (which effectively limits this acc

Accounting 40

Accounting Accounting Tax 40

Accounting Tools

JUNE 15, 2023

Related Courses Cost Accounting Fundamentals Financial Analysis Managerial Economics What is Differential Cost? Differential cost is the difference between the cost of two alternative decisions, or of a change in output levels. The concept is used when there are multiple possible options to pursue, and a choice must be made to select one option and drop the others.

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Financial Analysis Cost Accounting Accounting Accounting 40

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Developing a consistent month-end close doesn’t need to be a mystery. We’re sharing our top 10 secrets (plus one bonus!) for streamlining your close.