Xero
JUNE 19, 2023
Millions of people around the world, myself included, are beyond excited in anticipation of the FIFA Women’s World Cup 2023 in July and August and Xero is incredibly proud to be a FIFA Women’s Football Partner. While we’ll all be caught up in the excitement of the tournament, it’s important to keep in mind the legacy – the enduring benefit – we can create from this moment in time.
Fidesic blog
JUNE 19, 2023
At Fidesic we are happy to share our unwavering commitment to helping Microsoft Dynamics GP users excel and stay contemporary with tools for the future.
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Xero
JUNE 19, 2023
There’s now a little over a month to go before old reports in Xero are retired. Our new reports are packed with powerful customisations that will help you get quick access to answers and streamline your financial analysis. As you finish up your work in old reports and prepare for the big day, it’s a good idea to understand where you can find information on new reports and get support from our team if you need a hand.
Nanonets
JUNE 19, 2023
The Portable Document Format (PDF) is the go to file format for sharing & exchanging business data. You can view, save and print PDF files with ease. But editing, scraping / parsing or extracting data from PDF files can be a big pain. For example, have you ever tried to extract text from PDFs , extract tables from PDFs or make a flat PDF searchable ?
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.
Insightful Accountant
JUNE 19, 2023
ADP and Insightful Accountant recently completed a survey of accounting professionals to better understand behavior and future thoughts regarding their business and payroll.
Accounting Tools
JUNE 19, 2023
Related Courses Cost Accounting Fundamentals Effective Sales Management The Interpretation of Financial Statements What is Sales Mix? Sales mix is the proportion of different products and services that comprise the total sales of a company. Sales mix is a key issue in businesses that sell products with differing profit levels, since a change in the mix of products sold can trigger a change in net profits, even when total sales remain approximately the same from period to period.
Financial Ops World brings together the best financial operations content from the widest variety of thought leaders.
Accounting Tools
JUNE 19, 2023
Related Courses Financial Analysis Investing Guidebook What is an Annuity Due? An annuity due is a repeating payment that is made at the beginning of each period, such as a rent payment. It has the following characteristics: All payments are in the same amount (such as a series of payments of $500). All payments are made at the same intervals of time (such as once a month or year).
Insightful Accountant
JUNE 19, 2023
With multiple modules, Canopy is designed to grow with your firm and scale as needed. By starting with client management, you can build on the various modules to get the best solution for your business.
Accounting Tools
JUNE 19, 2023
Related Courses Accounting for Intangible Assets Fixed Asset Accounting How to Audit Fixed Assets What is Amortization? Amortization is the process of incrementally charging the cost of an asset to expense over its expected period of use, which shifts the asset from the balance sheet to the income statement. It essentially reflects the consumption of an intangible asset over its useful life.
Remote Quality Bookkeeping
JUNE 19, 2023
Making sales and bringing in money is among the most enjoyable parts of running a small business. Revenue is a proof of concept for your business idea. It shows that people are interested enough to pay you for what you’re selling! But running a sustainable small business requires more than just bringing in money. It also requires keeping track of your expenses.
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
JUNE 19, 2023
Related Courses Bookkeeping Guidebook Corporate Cash Management How to Audit Cash Optimal Accounting for Cash What is a Cash Reconciliation? A cash reconciliation is the process of verifying the amount of cash in a cash register as of the close of business. The verification can also take place whenever a different clerk takes over a cash register. The procedure to follow for this cash reconciliation is as follows: Obtain a daily reconciliation form on which to document the cash reconciliation.
Less Accounting
JUNE 19, 2023
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Accounting Tools
JUNE 19, 2023
Related Courses Bookkeeping Guidebook Closing the Books The Year-End Close What is a Post-Closing Trial Balance? A post-closing trial balance is a listing of all balance sheet accounts containing non-zero balances at the end of a reporting period. The post-closing trial balance is used to verify that the total of all debit balances equals the total of all credit balances, which should net to zero.
CSI Accounting & Payroll
JUNE 19, 2023
It’s always been rare for small businesses to offer employee retirement plans - and with a limited budget, it’s no wonder why. However, with more and more states mandating retirement plans for any business that has employees , they’re about to become the norm. Don’t worry about your budget quite yet - you are not required to contribute or match - but this gives your employees the option to start building up their own retirement funds, and happy employees are assets to your business.
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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!
Accounting Tools
JUNE 19, 2023
Related Courses Business Combinations and Consolidations CPA Firm Mergers and Acquisitions Divestitures and Spin-Offs Mergers and Acquisitions What is an Acquisition Due Diligence Checklist? The following due diligence checklist is useful as a general list of items to investigate as part of an acquisition analysis, though the full range of questions will probably not be needed.
Nanonets
JUNE 19, 2023
Imagine a fortress of technological prowess, where your organization's automation processes are shielded within your own infrastructure. With on-premise automation, you hold the keys to a kingdom fortified against external threats, ensuring that your sensitive data remains safe and sound. In this blog post, we will explore the benefits of on-premises automation, how some industries require it and what the future holds.
Remote Quality Bookkeeping
JUNE 19, 2023
Making sales and bringing in money is among the most enjoyable parts of running a small business. Revenue is a proof of concept for your business idea. It shows that people are interested enough to pay you for what you’re selling! But running a sustainable small business requires more than just bringing in money. It also requires keeping track of your expenses.
Outsourced Bookeeping
JUNE 19, 2023
One of the most significant elements of managing a successful business is effective invoice handling. Inaccurate or late bills can cause problems with cash flow, damaged client relationships, and administrative obstacles. Many companies use QuickBooks , a well-known accounting programme that provides an array of tools to simplify invoice administration, to address these issues.
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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.
Invoicera
JUNE 19, 2023
Invoices are vital to any business transaction as they record the products or services delivered, the payment due, and the payment terms. As a business owner or freelancer, it is crucial to understand the Different types of invoices Their purpose The essential elements that must be included To ensure timely payment and avoid disputes. This comprehensive guide will cater to you with all the knowledge that you need about invoices.
Nanonets
JUNE 19, 2023
Accounts payable audits play a crucial role in the financial health of businesses. They ensure compliance in financial reporting and can cut discrepancies and inefficiencies. This article covers why accounts payable audits are important to maintain financial health and the steps in an AP audit process. We will also cover how automation helps to streamline the AP audit procedure.
Insightful Accountant
JUNE 19, 2023
Murph provides future Top 100 participants a list of the Categorical award training credits that can be earned when attending 'Scaling New Heights 2023.
Accounting Tools
JUNE 19, 2023
Related Courses Business Strategy Managerial Economics What are Barriers to Entry? Barriers to entry are restrictions that apply to new competitors in a marketplace. These restrictions typically impose a high initial cost on new entrants. There are many possible barriers to entry that may apply to a marketplace, including those noted below. Product Lock In Existing competitors have designed their products to be difficult to switch away from, thereby locking in all existing customers.
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.
Future Firm
JUNE 19, 2023
Busy season accounting can in many ways seem unavoidable, but it can be manageable with the right approach. In this post, I’ll lay out 10 simple tips your firm can implement to keep yourself sane and to avoid you from working long hours during the busiest time of the year. Table of Contents Why Does Busy Season Accounting Happen? 10 Tips to Master the Busy Season 1.
Accounting Tools
JUNE 19, 2023
Related Courses Bookkeeper Education Bundle Bookkeeping Guidebook A prepayment is made when a selling company receives payment from a buyer before the seller has shipped goods or provided services to the buyer. Prepayment can happen when a buyer wants preferred treatment for an order, or when the seller refuses to extend credit to a buyer, or when the buyer is on the cash basis of accounting and wants to record an expense early by paying early.
Gaviti
JUNE 19, 2023
Effective communication is the most critical aspect of any A/R collections strategy. It begins before delinquency and even before sending a single invoice. That is why standardizing communications is indispensable, and templates provide the tool for companies to do so. But how do you create outstanding invoices and follow-up notices that convert bills into cash?
Accounting Tools
JUNE 19, 2023
Related Courses Business Combinations and Consolidations CPA Firm Mergers and Acquisitions Divestitures and Spin-Offs Mergers and Acquisitions What is a Lateral Merger? A lateral merger is a merger with another firm of roughly the same size. Businesses enter into lateral mergers for the reasons noted below. Billing Advantages The combined firm is now in a position to qualify for bids to larger prospective customers.
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!
Nanonets
JUNE 19, 2023
PDF → Excel Convert your PDFs to Spreadsheets in a click Try for Free Ever tried extracting data from PDFs ? Well, it's hard, especially when dealing with flat non-searchable PDFs or scans. While you could still extract text from PDFs by copy-pasting content, extracting tables or tabular data from a PDF into Excel is way more complicated !
Accounting Tools
JUNE 19, 2023
Related Courses The Income Statement The Interpretation of Financial Statements What is Operating Profit? Operating profit is the income earned from the core operations of a business, excluding any financing or tax-related issues. The concept is used to investigate the profit-making potential of a business, excluding all extraneous factors. Operating profit information is particularly valuable when monitored on a trend line , to see how a business is performing over a long period of time.
Nanonets
JUNE 19, 2023
In today's fast-paced environment, Human Resources (HR) departments face the challenge of managing a multitude of tasks while ensuring accuracy, efficiency, and compliance. However, the advent of HR process automation has revolutionized the way HR professionals operate. By harnessing the power of technology and intelligent software, HR process automation streamlines workflows, reduces errors, enhances data accuracy, and ultimately improves the overall employee experience.
Accounting Tools
JUNE 19, 2023
Related Courses Accounting for Inventory Cost Accounting Fundamentals What is Equivalent Units of Production? Equivalent units of production is a term applied to the work-in-process inventory at the end of an accounting period. It is the number of completed units of an item that a company could theoretically have produced, given the amount of direct materials , direct labor , and manufacturing overhead costs incurred during that period for the items not yet completed.
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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.
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