Wed.May 03, 2023

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Why resting and recharging is important for small business owners

Xero

There are plenty of positives to owning a small business – flexibility, being your own boss, financial benefits, and many more. But, it’s no secret there are challenges too. And small business owners have had a particularly tough few years: navigating a global pandemic, various lockdown restrictions, staff shortages, increasing costs of raw materials, and high inflation.

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Synder Helping Sharpen Online, Digital Payment Expertise

Insightful Accountant

The Synder SYNC partner program will help provide resources and education opportunities geared toward taking advantage of new revenue opportunities in the fast-growing landscape.

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The Role of Technology in Modern Bookkeeping

LedgerDocs

Gone are the days of manually recording financial transactions in ledgers and spreadsheets. With the latest technology, bookkeeping has become significantly easier and more efficient. One of the most significant benefits of technology in bookkeeping is the ability to automate processes. The software can automatically record transactions, generate invoices, and create financial reports.

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Finance AI Tools that are Disrupting the Industry

Nanonets

Traditionally, finance has been the domain of the smartest in our society. Now, AI tools are pushing the limits of analysis and decision-making in finance, changing the lives and careers of finance professionals around the world. AI’s can analyze more data faster than any human can. They can make decisions on the margin with information updated with milliseconds of accuracy.

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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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NetSuite Chosen to Supercharge Steeda Autosports

Insightful Accountant

Stedda has Ford in its DNA, and now Oracle NetSuite will help supercharge the next evolution of Stedda's High-Octane Business.

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The difference between salary and wages

Accounting Tools

Related Courses Human Resources Guidebook Payroll Management The essential difference between a salary and wages is that a salaried person is paid a fixed amount per pay period and a wage earner is paid by the hour. Someone who is paid a salary is paid a fixed amount in each pay period, with the total of these fixed payments over a full year summing to the amount of the salary.

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Cash flows from investing activities definition

Accounting Tools

Related Courses The Statement of Cash Flows What are Cash Flows from Investing Activities? Cash flows from investing activities is a line item in the statement of cash flows , which is one of the documents comprising a company's financial statements. This line item contains the sum total of the changes that a company experienced during a designated reporting period in investment gains or losses, as well as from any new investments in or sales of fixed assets.

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The Benefits of Data-Driven Monetization Strategies for SaaS Companies

Billing Platform

The data you collect is an untapped well of profitability and insights from which you can build new revenue streams, make informed business decisions, and scale your business. Commonly known as data monetization, Gartner describes data monetization as “the process of using data to obtain quantifiable economic benefits.” Regardless of the industry, companies across the globe are generating unprecedented amounts of data.

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How to Export Outlook Emails to Excel

Nanonets

Outlook is a popular email service for business communication and is often the first choice for large business users. While it offers a wide range powerful features and integrations, Outlook doesn't offer an easy way to parse/extract data from emails. Business data coming in via Outlook emails or attachments is usually extracted manually to Excel spreadsheets or other business applications.

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Ep. 221: Joe Keeley - Unleashing the Fintech Potential: How Companies Can Thrive in a Financial Technology-Driven World

IMA's Count Me

Dive into the world of fintech with our latest episode of the Count Me In podcast, where we discuss the transformative power of financial technology for businesses of all sizes. Join us as we chat with Joe Keeley, the CEO of Justify, a company dedicated to accelerating the fintech potential of software platforms. Discover how companies can leverage fintech tools to reduce costs, enhance revenue, and offer new services to their customers.

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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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PDF Processing with ChatGPT

Nanonets

PDF files have become a staple in the corporate world, widely used for contracts, invoices, reports, and presentations. They are essential tools that streamline communication, increase efficiency, and enhance collaboration. However, with recent technological advancements, PDF processes can now be simplified with data extracted in less time than ever, as they can be translated and summarized simultaneously.

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AWS Vs. Azure Vs. Google Cloud: Which One Should You Use?

CloudZero

Combined, Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP) control 67% of the global cloud computing services market. That’s a big deal, but not for obvious reasons.

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Procurify Alternatives

Tipalti

Looking for the best Procurify alternatives? Discover the top contenders of 2023 and learn how they can help you optimize purchasing and financial decisions.

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Production cycle definition

Accounting Tools

Related Courses Accounting Information Systems Operations Management What is a Production Cycle? The production cycle is comprised of all activities related to the conversion of raw materials into finished goods. The cycle has several distinct components, involving the design of products, their incorporation into a production schedule, manufacturing activities, and a cost accounting feedback loop.

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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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NACM Member Spotlight: Driving Results

NACM

NACM's motto throughout the years has been driving results. It's what B2B credit is all about. One of the ways we do that is by giving our members the chance to educate themselves and earn respective designations. A designation we offer that drives amazing results is the Credit Business Fellow (CBF) designation.The CBF designation is an academic, p.

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Voodoo accounting definition

Accounting Tools

Related Courses Fraud Examination Fraud Schemes How to Audit for Fraud What is Voodoo Accounting? Voodoo accounting involves the use of aggressive accounting techniques to artificially inflate reported profits. This is done through a combination of revenue inflation and avoiding the recognition of expenses. The term is derived from how accountants use these techniques to make profits magically appear.

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CMI Indicates Credit Crunch Amid Banking Crisis

NACM

NACM's Credit Manager's Index for April reveals some worrying trends. Rejections of new credit applications plummeted into contraction territory, indicating tightening credit conditions.Read what NACM Economist Amy Crews Cutts wrote in a blog for Macrobond Financial about the #CMI. Sign up to receive monthly CMI survey participation aler.

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Junior debt definition

Accounting Tools

Related Courses Corporate Cash Management Corporate Finance Treasurer’s Guidebook What is Junior Debt? Junior debt is any type of loan or bond that has a lower payment priority than more senior debt claims in the event of a default by the issuer. In addition, junior debt tends to not be backed by any collateral at all. This positioning makes junior debt more risky for investors, so they will only invest if they can obtain a higher interest rate than on the more senior debt.

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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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Adjusting entries definition

Accounting Tools

Related Courses Closing the Books The Soft Close The Year-End Close What are Adjusting Entries? Adjusting entries are journal entries recorded at the end of an accounting period to alter the ending balances in various general ledger accounts. Why Make Adjusting Entries? These adjustments are made to more closely align the reported results and financial position of a business with the requirements of an accounting framework , such as GAAP or IFRS.

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Opaque pricing definition

Accounting Tools

Related Courses Revenue Management What is Opaque Pricing? Opaque pricing is a technique used to hide the lower prices at which some merchandise is sold. It is targeted at those customers who are highly price sensitive, and so will only buy goods or services at lower price points. This approach is most common in the travel industry, where fixed costs on hotel rooms and plane seats are low enough to allow for substantial pricing discounts for those people willing to travel during dates well away

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Contingent rent definition

Accounting Tools

Related Courses Property Management Accounting What is Contingent Rent? Contingent rent is a rental payment that varies with the future amount of a specific factor that is not related to time. Contingent rent is usually based on the future rent or profits of the renter. It is not a fixed rental payment, as is most commonly the case with rental arrangements.

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Capitalization of earnings definition

Accounting Tools

Related Courses Business Valuation What is the Capitalization of Earnings? The capitalization of earnings is used to value a business by deriving the net present value of its projected future earnings. The concept can also be applied to individual subsidiaries , product lines , products, and work centers to determine their value for further investment purposes.

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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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Cash flow to capital expenditures ratio

Accounting Tools

Related Courses Business Ratios Guidebook The Interpretation of Financial Statements What is the Cash Flow to Capital Expenditures Ratio? The cash flow to capital expenditures ratio is used to determine an organization’s ability to acquire capital assets using its free cash flow. A high ratio indicates that a business has a reduced need to use debt funding or equity funding to support its capital expenditure requirements.

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Cash flow to sales ratio

Accounting Tools

Related Courses Business Ratios Guidebook The Interpretation of Financial Statements What is the Cash Flow to Sales Ratio? The cash flow to sales ratio reveals the ability of a business to generate cash flow in proportion to its sales volume. It is calculated by dividing operating cash flows by net sales. The operating cash flows information can be extracted from a firm’s statement of cash flows , while its net sales can be found near the top of its income statement.