Xero
MAY 14, 2023
When it comes to productivity, it’s no secret Aotearoa New Zealand lags heavily behind our OECD counterparts. In fact, our recent research shows Kiwis would need to work 20 percent more to reach the average OECD GDP output. For Kiwis working a 40-hour work week, this is equivalent to working an extra day per week to make up the labour productivity gap – and that’s just to reach the average productivity mark.
Insightful Accountant
MAY 14, 2023
QuickBooks Online Payroll has transitioned from only supporting Form 943 businesses with new subscriptions to supporting all QBO Payroll subscribers needing to file Form 943 for their agricultural businesses.
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Accounting Tools
MAY 14, 2023
Related Courses Bookkeeper Education Bundle Bookkeeping Guidebook The main difference between assets and liabilities is that assets provide a future economic benefit, while liabilities present a future obligation. An indicator of a successful business is one that has a high proportion of assets to liabilities, since this indicates a higher degree of liquidity.
Insightful Accountant
MAY 14, 2023
Dext's Sabby Gill shows us how you have a chance to improve your workday—including all those mundane administrative tasks—with automation.
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 Tools
MAY 14, 2023
Related Courses Bookkeeping Guidebook Corporate Cash Management How to Audit Cash What is a Bank Reconciliation? A bank reconciliation is the process of matching the balances in an entity's accounting records for a cash account to the corresponding information on a bank statement. The goal of this process is to ascertain the differences between the two, and to book changes to the accounting records as appropriate.
IMA's Count Me
MAY 14, 2023
Discover the secrets to unlocking employee engagement in this eye-opening episode of the Count Me In Podcast. Join us as we welcome Sarah Rubenstein, Chief Accounting Officer at Clearway Energy, as she shares valuable insights into employee engagement, strategies to transform disengaged employees, and the importance of creating inclusive communities within the workplace.
Financial Ops World brings together the best financial operations content from the widest variety of thought leaders.
Invoicera
MAY 14, 2023
Invoice automation solutions control how customers pay and lower the investment cost on an Account Payable (AP) team. The AP team manages customer service and orders and tackles the arduous task of keying hundred of invoices and verifying them against their original purchase orders. It is a laborious and time-intensive task. Businesses can skip this part by automating the entire invoice-to-cash workflow to streamline the accounts payable & accounts receivable process and save time and resou
Accounting Tools
MAY 14, 2023
Related Courses Closing the Books The Soft Close The Year-End Close What is a Fiscal Quarter? A fiscal quarter is a consecutive three-month period within a fiscal year for which a business reports its results. The fiscal quarter concept is of particular importance to publicly-held entities, since they are required to file a set of quarterly financial statements on the Form 10-Q with the Securities and Exchange Commission (SEC) for each of the first three quarters of the year.
Accounting Tools
MAY 14, 2023
Related Courses The Balance Sheet The Interpretation of Financial Statements What is the Order of Liquidity? Order of liquidity is the presentation of assets in the balance sheet in the order of the amount of time it would usually take to convert them into cash. Thus, cash is always presented first, followed by marketable securities , then accounts receivable , then inventory , and then fixed assets.
Accounting Tools
MAY 14, 2023
Related Courses Bookkeeping Guidebook How to Audit Receivables New Controller Guidebook Overview of Accounts Receivable When goods or services are sold to a customer , and the customer is allowed to pay at a later date, this is known as selling on credit , and creates a liability for the customer to pay the seller. Conversely, this creates an asset for the seller, which is called accounts receivable.
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.
Accounting Tools
MAY 14, 2023
Related Courses Accounting for Inventory Inventory Management What is Obsolete Inventory? Obsolete inventory is any item in stock that can no longer be used. These items have typically been replaced in the marketplace by more advanced or inexpensive goods, so there is no longer any demand for them. Since these goods cannot be used, their cost is either written off or written down.
Accounting Tools
MAY 14, 2023
Related Courses 7 Habits of Effective CFOs CFO Education Bundle CFO Guidebook The chief financial officer position is accountable for multiple financial and administrative areas within a company. This includes the development of a financial and operational strategy, metrics tied to that strategy, and the ongoing development and monitoring of control systems designed to preserve company assets and report accurate financial results.
Accounting Tools
MAY 14, 2023
Related Courses Public Company Accounting and Finance What is a Public Shell Company? A public shell company is used by a private entity to go public. This arrangement is used to go public quickly and at minimal cost. When a private company gains control of a public shell company, the shell is structured to be the parent company and the buyer’s company becomes its subsidiary.
Accounting Tools
MAY 14, 2023
Related Courses Financial Analysis Investing Guidebook Real Estate Investing What is a Rate of Return? The rate of return is the percentage increase or decrease in the value of an investment. It is usually calculated on an annualized basis, though other time periods can be used. It can be applied to measure the return on any type of investment, including securities , property, antiques, or even cryptocurrencies.
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Accounting Tools
MAY 14, 2023
Related Courses Public Company Accounting and Finance Requirements to List on a Stock Exchange If a company wants to be traded on a stock exchange , it must first qualify under the standards set by the exchange. Generally speaking, the qualification standards are the most difficult for the New York Stock Exchange. These standards focus on a variety of factors, such as net income , cash flow , market capitalization, shareholders’ equity , and total assets.
Accounting Tools
MAY 14, 2023
Related Courses Human Resources Guidebook Optimal Accounting for Payroll Payroll Management How to Use Payroll Metrics to Improve Performance The payroll department handles high transaction volumes for activities that are repeated over and over again. Given the recurring nature of the underlying work, this is an excellent area in which to install metrics that give management an idea of the areas in which performance can be improved.
Accounting Tools
MAY 14, 2023
Related Courses Public Company Accounting and Finance What are Rule 144 Stock Sales? Rule 144 is used by shareholders to register their share holdings in a business. This approach is typically used when the issuing entity is taking an excessively long time to register shares. A public company may find that the process of registering shares with the Securities and Exchange Commission (SEC) is cumbersome, expensive, and time-consuming.
Accounting Tools
MAY 14, 2023
Related Courses Public Company Accounting and Finance What is a Proxy Solicitation? A proxy solicitation is a request that someone else vote on behalf of a shareholder at a shareholders meeting. The solicitation contains materials about the issuing entity that investors need to make informed decisions about shareholder votes. This issuance is required for publicly-held companies.
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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.
Accounting Tools
MAY 14, 2023
Related Courses Public Company Accounting and Finance Insider securities reporting is the mandated reporting of share ownership activity by corporate insiders. It is intended to inform the public of ownership changes, which may impact their investment decisions. The Securities and Exchange Commission (SEC) requires that the directors, officers, and larger shareholders of a publicly held company file reports with the SEC concerning their holdings in the business.
Accounting Tools
MAY 14, 2023
Related Courses Public Company Accounting and Finance How to Take a Company Private Taking a company private occurs when a business deregisters its equity shares. Doing so allows it to avoid the burdensome reporting and control requirements of being a publicly-held business. A company can go private under one of the following two circumstances: There are no more than 300 shareholders of record There are no more than 500 shareholders of record and the company has not exceeded $10 million of asset
Accounting Tools
MAY 14, 2023
Related Courses Bookkeeper Education Bundle Bookkeeping Guidebook What is an Expense? An expense is the reduction in value of an asset as it is used to generate revenue. If the underlying asset is to be used over a long period of time, the expense takes the form of depreciation , and is charged ratably over the useful life of the asset. If the expense is for an immediately consumed item, such as a salary , then it is usually charged to expense as incurred.
Accounting Tools
MAY 14, 2023
Related Courses Bookkeeping Guidebook The Balance Sheet What is the Common Stock Account? The common stock account is a general ledger account in which is recorded the par value of all common stock issued by a corporation. When these shares are sold for an amount in excess of their par value, the excess amount is recorded separately in an additional paid-in capital account.
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
MAY 14, 2023
Related Courses Corporate Finance Treasurer's Guidebook What is Convertible Preferred Stock? Convertible preferred stock is a type of stock that the owner has the option to convert into the common stock of the issuer. The number of shares received as a result of this conversion is stated in the preferred stock agreement. The conversion feature is a useful one for investors , since it allows them to receive a preferred stock dividend and also participate in any upward change in the price of the i
Accounting Tools
MAY 14, 2023
Related Courses Cost Accounting Fundamentals An uncontrollable cost is an expense over which a person has no direct control. The concept most commonly applies to the manager of a department , whose departmental expenses include several line items which he has no ability to alter. Uncontrollable costs can be a concern when a manager is being judged based on departmental expenses.
Accounting Tools
MAY 14, 2023
Related Courses The Interpretation of Financial Statements Undistributed profits are those earnings of a corporation that have not been paid out to investors in the form of dividends. A rapidly-growing business needs earnings to fund its future growth, and so will likely retain all of its earnings. Conversely, a slow-growth company has no internal need for the excess cash , and so will be more likely to pay out a large proportion of dividends.
Accounting Tools
MAY 14, 2023
Related Courses Cost Accounting Fundamentals What is an Unexpired Cost? An unexpired cost is any cost that has not yet been charged to expense because it still represents some residual value. This cost is frequently associated with revenue that has not yet been recognized ; under the matching principle , an unexpired cost is maintained on the books as an asset until the associated revenue is recognized, at which point the asset is charged to expense.
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 Tools
MAY 14, 2023
Related Courses Business Insurance Fundamentals What is Unearned Premium Revenue? Unearned premium revenue is a liability account that is used by an insurer to record that portion of premiums received from customers that it has not yet earned. For example, an insurer receives a $1,200 payment from a customer that is intended to provide insurance coverage for the next year.
Accounting Tools
MAY 14, 2023
Related Courses Auditing Nonprofit Entities Nonprofit Accounting What are Unrestricted Net Assets? Unrestricted net assets are assets contributed by donors to a nonprofit entity that have no restrictions placed on their use. This is the most sought-after type of asset, since it can be used for administrative and fundraising activities. The typical nonprofit entity structures its fund raising activities to encourage donors to make unrestricted asset donations.
Accounting Tools
MAY 14, 2023
Related Courses Corporate Finance Public Company Accounting and Finance What is an Underwriter? An underwriter is a securities specialist that buys bonds and stocks when they are first issued, and resells them to the investing public. An underwriter takes on the risk of securities placement from issuers , and profits by marking up the securities prior to their sale to the public.
Accounting Tools
MAY 14, 2023
What is an Unconsolidated Subsidiary? A unconsolidated subsidiary is a subsidiary whose financial statements are not included in the consolidated financial statements of its parent entity. Instead, the parent entity only reports its investment in the subsidiary, using the equity method of investment. A subsidiary's financial statements are unconsolidated when the parent does not exercise control over the entity.
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