Mon.Apr 24, 2023

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Intuit Again: a pathway back to the workforce

Intuit

When Sebanti Sanyal’s toddler was struggling with severe allergies and respiratory issues, she decided to step back from her career to care for her young daughter full time. Then, when the pandemic hit, she took an additional two years away before returning to her engineering career through our Intuit Again returnship program in September 2022. Intuit Again provides a supportive pathway back into the workforce after taking a career break for caregiving purposes, including the opportunity for ret

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Unlock the Power of Spend Management: A Guide for Small and Mid-Size Businesses

Plooto

Few activities in business have as much impact in reducing costs, eliminating waste, detecting fraud, and improving the bottom line than spend management. It is the foundation for operational efficiency, cost containment, and visibility throughout the company.

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The 8 Most Common Accounts Receivable Management Problems and Solutions

Gaviti

Effective accounts receivable management is one of the most critical aspects of boosting steady cash flow for your business. The AR team must identify problems and seek long-term solutions. Taking this proactive approach can smooth problems over before they spiral out of control. Every business is different. Issues vary based on industry, business size, geographical location, and company culture.

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Unlock Your Firm - May 11-12

Insightful Accountant

Will Hill, of Will Hill Consults and Ryan Conn, President, Shelton & Associates CPS's are hosting a 2 day immersive event to help you re-arrange and execute so that your work becomes rewarding, not exhausting.

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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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The difference between the periodic and perpetual inventory systems

Accounting Tools

Related Courses Accounting for Inventory How to Audit Inventory Inventory Management The periodic and perpetual inventory systems are different methods used to track the quantity of goods on hand. The more sophisticated of the two is the perpetual system , but it requires much more record keeping to maintain. The periodic system relies upon an occasional physical count of the inventory to determine the ending inventory balance and the cost of goods sold , while the perpetual system keeps continu

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4 Ways to Get Connected in Canada

Insightful Accountant

Been feeling a little detached lately? Internationally renowned ProAdvisor Esther Friedberg Karp has the intel on four, one-day conferences where you can meet up with some old friends.

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The Impact of ChatGPT on Finance and Accounting

Outsourced Bookeeping

ChatGPT is an artificial intelligence-driven chatbot developed by OpenAI based on the GPT-3.5 architecture. ChatGPT was released to the public in October 2022, and has taken the world by storm. Using ChatGPT for finance and accounting can have both pros and cons. The Impact of ChatGPT on Finance and Accounting On one hand, ChatGPT provides accurate responses to complex financial and accounting questions swiftly.

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How to Spot Fake Bank Statements?

Nanonets

PDF → Excel Convert PDF bank statements to Excel  Try for Free A bank statement is a document that shows all the transactions made on a bank account, including deposits, withdrawals, and payments. It's commonly used by lenders as a way to verify an applicant's income and financial stability before approving a loan or credit. However, as technology has advanced, it has become easier for fraudsters to create fake bank statements that appear legitimate.

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10 Reasons Your Business Needs Online Invoicing Software

Invoicera

Invoices are the backbone of cash flow, business accounting, and inventory tracking. For any business to thrive, it is needless to say that invoice management should be spot on. Although many businesses have automated the process with online invoicing, some are still taking the conventional route of manually processing everything. If you are a small business , you might be happy taking care of invoices on your own and saving some money.

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Financial statement spreading

Nanonets

PDF → Excel Convert PDF bank statements to Excel  Try for Free What is financial statement spreading? Financial statement spreading is a process of extracting and organizing financial data from statements such as balance sheets, income statements, and cash flow statements. A key step in credit analysis, which is the evaluation of a company's financial health, it allows banks, lenders and other businesses to evaluate the credit-worthiness of borrowers.

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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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5 Strategies for Optimizing AWS CloudFront Costs

Economize

Discover the top 5 strategies for optimizing AWS CloudFront costs in our latest article. We dive deep into the world of content delivery networks, exploring best practices to maximize performance and reduce expenses.

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What is the loan origination process?

Nanonets

PDF → Excel Convert PDF bank statements to Excel  Try for Free Loan origination is the process of applying for and obtaining a loan, including all the steps and activities that are involved in evaluating, approving, and disbursing the loan. This process includes activities such as evaluating a borrower's creditworthiness, income, and other financial information; determining the loan amount, interest rate, and other loan terms; and preparing and submitting the loan application.

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How Do You Qualify for Invoice Factoring? [Plus List of Required Docs]

FundThrough

If you’re considering invoice factoring as a way to get working capital for your business, figuring out how you qualify for invoice factoring is an important step. (As a reminder, invoice factoring is a business financing method where a factoring company pays your outstanding invoices quickly. You get easy funding in days by skipping the […] The post How Do You Qualify for Invoice Factoring?

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OCR for data extraction from bank statements

Nanonets

PDF → Excel Convert PDF bank statements to Excel  Try for Free The digitization of financial documents is an important task for financial institutions like banks as well as individual banking customers and businesses. Banks must convert physical customer records into a manipulatable digital form, and the customer and business bank customers must extract data from bank statements and other such documents for other financial processing operations.

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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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Is Invoice Factoring Considered a Loan?

FundThrough

Is factoring considered a loan? This question comes up often when business owners, CEOs, and finance leads are deciding whether invoice factoring services are the right funding option for their business. It’s important to know whether the financing option you’re considering will require you to take on debt – both for your balance sheet and […] The post Is Invoice Factoring Considered a Loan?

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New Beginnings – A Journey of Self-Discovery

Insightful Accountant

A new book by Bookkeeping Clean and Simple's Kathy L Grosskurth helps you get into the right mindset to discover your true purpose for life and work.

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Online Marketplace Payments

Tipalti

Today, there are more online marketplace payment solutions than ever. Learn how to choose the best payment gateway for your business needs.

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Classified stock definition

Accounting Tools

Related Courses Corporate Finance How to Audit Equity What is Classified Stock? Classified stock is a type of common stock that has special privileges, such as enhanced voting rights or dividend rights. There may be several types of classified stock, such as Class A or Class B stock. The charter and bylaws of a corporation contain the specific privileges accorded to each type of stock.

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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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Civil penalty definition

Accounting Tools

Related Courses Essentials of Business Law What is a Civil Penalty? A civil penalty is a financial penalty imposed by a government entity. The penalty is imposed because the recipient of the penalty has breached one or more government laws or regulations. The penalty is intended to compensate the government, as well as to ensure that there is a strong incentive for the recipient of the penalty not to engage in the same behavior again.

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Compounding period definition

Accounting Tools

What is a Compounding Period? A compounding period is the span of time between when interest was last compounded and when it will be compounded again. For example, annual compounding means that a full year will pass before interest is compounded again. When interest compounding occurs, interest is added to the principal on a loan. A lender may engage in more aggressive monthly or quarterly compounding, which increases the amount to be repaid by the borrower.

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Complex capital structure definition

Accounting Tools

Related Courses Corporate Finance The Interpretation of Financial Statements Treasurer's Guidebook What is a Complex Capital Structure? A business has a complex capital structure when it has issued other types of equity than just common stock. A startup company commonly develops a complex capital structure over time, as it goes through multiple rounds of financing.

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Compensatory stock option definition

Accounting Tools

Related Courses Human Resources Guidebook Payroll Management What is a Compensatory Stock Option? A compensatory stock option is an option given to an employee , giving the person the ability to buy a certain number of company shares at a predetermined price, and within a predetermined date range. The option is intended to be part of an employee’s compensation package.

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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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Combined financial statement definition

Accounting Tools

Related Courses Business Combinations and Consolidations What is a Combined Financial Statement? A combined financial statement presents the financial results and financial positions of at least two affiliated companies. Intercompany transactions are eliminated prior to the issuance of a combined financial statement, to prevent the results from being inflated.

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Capital structure definition

Accounting Tools

Related Courses Corporate Finance The Interpretation of Financial Statements Treasurer's Guidebook What is Capital Structure? Capital structure is the mix of debt and equity that a business uses to fund its operations. A firm’s capital structure may contain many components, including common stock , multiple classes of preferred stock , bonds , debt having different terms and maturity dates , and retained earnings.

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Clean opinion definition

Accounting Tools

Related Courses How to Conduct an Audit Engagement What is a Clean Opinion? A clean opinion is an unqualified auditor’s report regarding an entity’s financial statements. Such a report indicates the auditor’s belief that the entity’s financial statements fairly present its financial results, financial position , and cash flows. When an auditor does not believe that this is the case, a qualified opinion , adverse opinion , or disclaimer of opinion is issued.

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Yield to maturity definition

Accounting Tools

Related Courses Corporate Finance Treasurer's Guidebook What is the Yield to Maturity? Yield to maturity is the rate of return expected on a bond if it is held until its maturity date. It is expressed as an annual rate of return. The concept is used by investors to evaluate the returns on different bond investments that may have a range of maturities and different coupon amounts.

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Putting the ‘Tech’ in Spend Management Techniques

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!

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Proxy statement definition

Accounting Tools

Related Courses Public Company Accounting and Finance What is a Proxy Statement? A proxy statement is a document that publicly-held companies are required to send to their shareholders prior to shareholder meetings, so that shareholders have sufficient information to vote on issues brought before them. The information contained within a proxy statement is mandated by the Securities and Exchange Commission (SEC).

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Fairness opinion definition

Accounting Tools

Related Courses Business Combinations and Consolidations CPA Firm Mergers and Acquisitions Divestitures and Spin-Offs Mergers and Acquisitions What is a Fairness Opinion? A fairness opinion is an analysis of a purchase offer by a valuation firm or investment bank, stating whether an offer made to acquire a target company is fair. This opinion gives the board of directors of the selling entity a defense in case it is later sued by investors for negligence in having sold the business for too low a

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Basic accounting formula definition

Accounting Tools

Related Courses Accountants' Guidebook Bookkeeping Guidebook What is the Basic Accounting Formula? The basic accounting formula forms the logical basis for double entry accounting. It states that the assets listed on an organization’s balance sheet must equal its liabilities and shareholders’ equity. The basic accounting formula must balance at all times.