Accounting Department

APRIL 25, 2023

Not all business owners are well versed in invoicing clients, collecting payments, tracking payments, or other bookkeeping tasks - and that's okay.

Invoicing 190

Invoicing Collections Bookkeeping Accounts Receivable 190

ProsperOps

APRIL 25, 2023

optimizations, it’s often more cost-effective—and easier—to implement financial optimizations first. During a recent webinar with the CFO Leadership Council , Matt Shover, VP of Operations & Customer Experience at ProsperOps, explained different strategies companies can use to reduce cloud costs and the best way to prioritize them for maximum “bang for your buck.

Cloud FinOps 130

Cloud FinOps FinOps FinOps Computation 130

Ascend Software blog

APRIL 25, 2023

Struggling with time-consuming and inefficient accounts payable processes in your healthcare organization? Dive into this comprehensive blog post to learn how healthcare AP automation can help streamline invoice processing, reduce costs, and enhance patient care, offering valuable solutions to your AP challenges. Choosing the right solution can provide performance similar to that of OU Health.

Accounts Payable 130

Accounts Payable Accounts Payable AP Invoice Processing 130

ProsperOps

APRIL 25, 2023

Your cloud costs are too high. Given a myriad of methods and tools for optimizing cloud costs, where do you start and where can you save the most? While many organizations prioritize engineering optimizations, it’s often more cost-effective—and easier—to implement financial optimizations first. During a recent webinar with the CFO Leadership Council , Matt Shover, VP of Operations & Customer Experience at ProsperOps, explained different strategies companies can use to reduce cloud costs and

Cloud FinOps 130

Cloud FinOps FinOps FinOps Computation 130

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

Accounting Tools

APRIL 25, 2023

Related Courses Fixed Asset Accounting How to Audit Fixed Assets What is the Revaluation Model? The revaluation model gives a business the option of carrying a fixed asset at its revalued amount. Subsequent to the revaluation, the amount carried on the books is the asset's fair value , less subsequent accumulated depreciation and accumulated impairment losses.

Financial Reporting 75

Financial Reporting Auditing Accounting Accounting 75

CloudZero

APRIL 25, 2023

It’s cloud earnings week this week for AWS, GCP, and Azure, and I have already heard the pundits warming up the hot takes. Some are even asking if this could be the end of the cloud. My advice to you: Don’t be that person unless you enjoy being horribly wrong. No, I'm not saying that when AWS, Azure, and GCP report their growth that it's going to be anything different than what we expect.

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The Successful Bookkeeper

APRIL 25, 2023

Sales is a tricky subject for most bookkeepers, but it's a skill you can master using specific methods. Here's expert advice on how to create more sales opportunities.

Bookkeeping 52

Bookkeeping 52

Tipalti

APRIL 25, 2023

Read this guide for selecting the best accounts payable software and supplier/vendor payment software for your business.

Accounts Payable 52

Accounts Payable Accounts Payable Accounting Accounting 52

Accounting Tools

APRIL 25, 2023

Related Courses Accounting for Inventory Cost Accounting Fundamentals Product costing methods are used to assign a cost to a manufactured product. The main costing methods available are process costing , job costing , direct costing , and throughput costing. Each of these methods applies to different production and decision environments. The type of costing method used can result in substantial differences in costs, so be careful to use the information only for its intended purpose; for example,

Financial Statements 40

Financial Statements Cost Accounting Billing Auditing 40

NACM

APRIL 25, 2023

NACM's Professional Certificate Program creates countless opportunities for credit professionals who seek growth in their careers. For example, if you apply to a managerial or supervisory position, companies want to know if you have the experience to back up the qualities needed to stand out. A candidate who has an NACM designation may be more like.

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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.

Accounting Tools

APRIL 25, 2023

Related Courses Corporate Cash Management Payables Management What is a Checking Account? A checking account is a bank account from which funds can be withdrawn by writing a check. Funds can also be withdrawn from this account with an automated teller machine or via an electronic debit. This type of account pays little or no interest. However, depending on the institution at which a checking account is located, the federal government guarantees the deposited funds, up to a preset maximum level.

Accounting 40

Accounting Accounting Deposits 40

Accounting Tools

APRIL 25, 2023

Related Courses Bookkeeping Guidebook New Controller Guidebook Early payment discounts are quite expensive, and so should only be offered to customers when the seller is having severe cash flow problems. The problem is that the effective interest rate the company is offering to its customers through a discount deal is extremely high. For example, allowing customers to take a two percent discount if they pay in 10 days, versus the usual 30, means that the company is offering a two percent discoun

Bookkeeping 40

Bookkeeping Billing 40

Accounting Tools

APRIL 25, 2023

Related Courses Bookkeeper Education Bundle Bookkeeping Guidebook What is a Clearing Account? A clearing account is a general ledger account that is used to temporarily aggregate the amounts being transferred from other temporary accounts. The best example is the income summary account , to which the ending balances of all revenue and expense accounts are transferred at the end of a fiscal year before the aggregate balance is shifted to retained earnings.

General Ledger 40

General Ledger Accounting Accounting Bookkeeping 40

Accounting Tools

APRIL 25, 2023

Related Courses Essentials of Business Math What is the Coefficient of Correlation? The coefficient of correlation is a measure of the extent to which the movements of two variables are related to each other. A score of -1 indicates perfectly negative correlation, while a score of +1 indicates perfectly positive correlation. The level of correlation is considered to be weak as the coefficient approaches -1, and it is considered to be strong as it approaches +1.

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Accounting

Accounting Tools

APRIL 25, 2023

Related Courses Accountants' Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook In order to be useful to a user, accounting information should have the following characteristics: Prepared objectively. The accountant should record and report on accounting transactions from a neutral perspective, without any bias that would give the reader an incorrect impression about the financial position , results, or cash flows of a business.

Accounting 40

Accounting Accounting Financial Statements Bookkeeping 40

Accounting Tools

APRIL 25, 2023

Related Courses Essentials of Business Math What is the Coefficient of Determination? The coefficient of determination states the proportion of a dependent variable that is predictable by using an independent variable. The minimum score is zero, which indicates that the independent variable cannot predict the value of the dependent variable. The maximum score is one, which indicates that the independent variable perfectly predicts the value of the dependent variable.

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Accounting Tools

APRIL 25, 2023

Related Courses The Interpretation of Financial Statements What is Cash Generating Efficiency? Cash generating efficiency is the ability of an organization to consistently produce cash flows from its ongoing operations. A high level of cash generating efficiency indicates that a business is consistently able to spin off cash from its operations, which can be used for reinvestment in the business, debt repayments, or dividend payments to investors.

Financial Statements 40

Financial Statements 40

Accounting Tools

APRIL 25, 2023

Related Courses Bankruptcy Tax Guide Essentials of Corporate Bankruptcy What is Chapter 11? Chapter 11 is a bankruptcy proceeding in which an entity can reorganize its financial situation while under court protection, after which it can continue in operation. A business typically seeks Chapter 11 protection when it cannot meet its ongoing obligations on a timely basis and is unable to restructure them via direct negotiations with lenders and creditors.

Tax 40

Tax 40

Advertisement

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

Accounting Tools

APRIL 25, 2023

Related Courses Business Strategy What is Capital Decay? Capital decay is an organization's sales that are lost due to the obsolescence of its business practices or technology. This is a particular concern for organizations that are locked into older business models; if they do not innovate to keep up with their newer competitors, they run the risk of losing substantial amounts of business, or even of going bankrupt.

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Accounting Tools

APRIL 25, 2023

Related Courses CFO Guidebook Corporate Finance Treasurer's Guidebook What is Collateralization? Collateralization occurs when a borrower pledges an asset in order to obtain a loan. A lender requires collateral when the borrower does not have a sufficient lending history or cash flows to give assurance that it can repay a loan. A lender may also be able to impose a collateralization requirement on borrowers in a tight credit market, where there are few parties offering funding.

Corporate Finance 40

Corporate Finance 40

Accounting Tools

APRIL 25, 2023

Related Courses How to Conduct an Audit Engagement What is a Compliance Audit? A compliance audit is an audit engagement in which the goal is to determine whether an organization is adhering to the terms of a contract or certain rules and regulations. Regulatory agencies may use compliance audits to see if a business is complying with the terms of its operating license.

Auditing 40

Auditing 40

Accounting Tools

APRIL 25, 2023

Related Courses How to Conduct an Audit Engagement What is a Compliance Test? A compliance test is an audit that determines whether an organization is following its own policies and procedures in a particular area. An auditor engages in compliance tests in order to be assured that the evidence being reviewed as part of an audit is valid. If a compliance test reveals that policies and procedures are functioning properly, the auditor can reduce the amount of analytical review and validation proced

Auditing 40

Auditing 40

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

APRIL 25, 2023

Related Courses Business Insurance Fundamentals What is Co-Insurance? Co-insurance is a feature of an insurance policy that requires the insured party to pay a percentage of all covered costs following the payment of a deductible. This feature shifts a portion of the liability from the insurer to the insured party, thereby reducing the cost for the insurer.

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Accounting Tools

APRIL 25, 2023

What is Circulating Capital? Circulating capital refers to the funds being constantly used to pay for core business operations, which are any activities involved in the creation of goods and services. This can include accounts receivable , all types of inventory , and operating expenses. The amount of circulating capital within a business can be evaluated by comparing it to the average amount of circulating capital used by competitors.

Accounts Receivable 40

Accounts Receivable Accounts Receivable Account Receivables Accounting 40

Accounting Tools

APRIL 25, 2023

Related Courses Coaching and Mentoring Employee Onboarding What is Job Rotation? A job rotation program is used to move employees through several positions within a company in a relatively short period of time. It is designed to expose employees to all aspects of an organization, so that they will eventually have a more well-rounded view of how the entity operates.

Accounting 40

Accounting Accounting 40

Accounting Tools

APRIL 25, 2023

What is Creditors’ Equity? Creditors' equity is the proportion of assets that an organization is financing with credit extended to it by creditors. It is essentially the total amount of liabilities on the balance sheet , though a case can be made that wages payable is actually employees' equity, since this is essentially credit extended to the firm by employees.

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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

APRIL 25, 2023

Related Courses Corporate Cash Management Payables Management What is a Check? A check is an authorization to draw funds from a bank account. In order to do this, a check must state the name of the payee , the amount to be paid, and the date. A check is usually negotiable, so that the payee can assign it to another person by endorsing it. The person to whom the check is assigned becomes the new payee.

Payroll 40

Payroll Accounting Accounting 40

Accounting Tools

APRIL 25, 2023

Related Courses Accounting for Inventory How to Audit Inventory What is the Cost Ratio? The cost ratio is the proportion of the cost of goods available to the retail price of those goods. The ratio is a component of the retail method , which is used to estimate the amount of ending inventory. This approach only works if a business maintains accurate cost records for its inventory.

Auditing 40

Auditing Accounting Accounting 40