Fidesic blog

MARCH 28, 2024

If you are using Microsoft Dynamics GP and moving to Dynamics 365 Business Central, Dimensional Accounting is one of the major differences you will encounter in your accounting processes. Dimensional accounting has become a standard process available in many contemporary accounting software and ERP solutions. In this post we give a basic definition of Dimensional accounting and then give a rundown on how Business Central Dimensional accounting is different from Dynamics GP processes.

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Accounting Software Accounting Accounting Accounts Payable 245

Accounting Today

MARCH 28, 2024

Experts share what young accountants should look for in a firm and how to approach their careers.

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Accounting Accounting 325

Accounting Department

MARCH 28, 2024

Efficient financial processes are essential for the success and growth of any business. However, managing tasks like invoicing, payroll management, and financial reporting can be time-consuming and complex, diverting valuable resources from core operations. This is where client accounting services come into play. In this blog post, we will explore how client accounting services (CAS) streamline financial processes for businesses, highlighting the benefits of outsourcing accounting functions to i

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Financial Reporting Invoice Processing Accounting Accounting 213

Accounting Today

MARCH 28, 2024

Farming it out; short circuited; California dreamin'; and other highlights of recent tax cases.

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Tax 291

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

Reconciled Solutions

MARCH 28, 2024

Is it time to start repaying your EIDL? Here's what you need to know about the deferment period coming to an end. The post Is it time to start repaying your EIDL? appeared first on Reconciled Solutions.

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Reconciling 90

Accounting Today

MARCH 28, 2024

New SEC cybersecurity disclosure rules are now in effect. Here's what CFOs should be doing to comply with the new requirements.

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Accounting Today

MARCH 28, 2024

The campaign is part of a larger effort by the IRS to increase its scrutiny of high-income taxpayers and large businesses to help close the tax gap.

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Jetpack Workflow

MARCH 28, 2024

Podcast Summary In this episode of the Growing Your Firm podcast, host David Cristello welcomes John Seiffer, a seasoned business owner and remote CEO, to discuss the concept of Output Thinking and its application in team management. John, a business coach and former president of the International Coach Federation , shares insights on how to make managing teams easier by focusing on visible, measurable outputs.

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Budgeting Accounting Accounting 59

Accounting Today

MARCH 28, 2024

NetSuite, during its SuiteConnect event in New York City today, announced that it is expanding its generative AI-driven Text Enhance feature with over 200 new places it can be applied.

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Nanonets

MARCH 28, 2024

Though they are harder to obtain than their net 30 and net 60 counterparts, net 90 accounts are extended-period trade accounts that can help businesses improve their creditworthiness in the eyes of investors, vendors, and stakeholders. Most vendors offer net 90 terms only in certain circumstances, often relying on external credit reporting agencies to verify a customer’s financial standing.

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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 Today

MARCH 28, 2024

The Public Company Accounting Oversight Board sanctioned PricewaterhouseCoopers' member firms in the U.S. and Australia over auditing quality control violations, imposing a $2.75 million and $600,000 penalty.

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Auditing Accounting Accounting 171

Plooto

MARCH 28, 2024

Understanding the role and purpose of accounts payable (AP) is crucial for your company's financial health. Efficiently managing your AP can help you stay on top of payments and have better control of your cash flow.

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Accounts Payable Accounts Payable AP Accounting 52

Accounting Today

MARCH 28, 2024

BookSmarts Accounting CEO Jenny Groberg managed to survive a traumatic brain injury and build a firm that empowers women accountants.

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Accounting Accounting 159

Plooto

MARCH 28, 2024

The accounts receivable turnover ratio can be a helpful metric in determining the efficiency of your accounts receivable (AR) processes. The AR turnover ratio measures the number of times debts are collected from customers over a specified period.

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Accounts Receivable Accounts Receivable Account Receivables AR 52

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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

Accounting Today

MARCH 28, 2024

The Top 25 Firm is adding a tax, assurance, advisory and real estate consulting firm in Birmingham, Alabama.

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Tax 159

AvidXchange

MARCH 28, 2024

Table of Contents: What Is an Automated Payment? | The Benefits of Automated Payments | How to Choose the Best Payment Automation Software | Are Automated Payments Right for My Business? Making supplier payments can be a time-consuming and complex task for finance departments – different suppliers prefer varying payment methods, offer different terms and require certain procedures depending on the situation.

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AP Deposits Billing Accounts Payable 52

Economize

MARCH 28, 2024

Introduction Effective financial management is important for businesses to run a productive cloud infrastructure. As businesses increasingly migrate towards cloud technology, improving efficiency and controlling cloud-related expenditures has become more crucial. Cloud costs can fluctuate significantly due to changes in usage patterns, service configurations, and the adoption of new cloud capabilities.

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Tipalti

MARCH 28, 2024

Learn how to streamline procurement processes, maximize efficiency, and empower your organization's purchasing operations with our ultimate guide to purchase requisitions.

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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.

AP

Insightful Accountant

MARCH 28, 2024

For many, this Friday through Sunday represents one or more holidays of faith—or perhaps just a first spring vacation. Whatever the occasion, enjoy the long weekend.

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Tipalti

MARCH 28, 2024

How can procurement teams increase spend under management and accurately measure KPIs? Learn the best practices for spend under management in this comprehensive article.

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Accounting Tools

MARCH 28, 2024

What is Balance per Books? Balance per books is the ending balance of an account that appears in the general ledger. The concept is commonly used in regard to the ending cash balance, which is then compared to the cash balance in the monthly bank statement as part of a bank reconciliation. Balance per Books vs. Bank Balance The balance per books is the ending balance in the accounting records of an organization, while the bank balance is the ending cash balance in an organization’s bank account,

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Bank Reconciliation General Ledger Deposits Auditing 40

Tipalti

MARCH 28, 2024

The core purpose of the cost reduction process is to eliminate unnecessary business spend. But what are the best ways to implement an effective cost-reduction process? Read on.

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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

MARCH 28, 2024

What is a Lawsuit Payable? A lawsuit payable is a general ledger account that contains the amount owed to the opposing party in a lawsuit. Liabilities are only recorded in this account if the amount to be paid is both probable and can be estimated. Presentation of a Lawsuit Payable The lawsuit payable account is usually classified as a current liability , since lawsuit payments are typically paid within one year.

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General Ledger Financial Statements Accounting Accounting 40

Tipalti

MARCH 28, 2024

Procurement automation can help you streamline purchasing workflows, improve efficiency, and drive cost savings. Empower your organization with the tools needed to navigate the future of procurement seamlessly.

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Accounting Tools

MARCH 28, 2024

What is Leverage? Leverage is the use of debt to finance an organization’s activities and asset purchases. When debt is the primary form of financing, a business is considered to be highly leveraged. Leverage is used to increase the return on equity for investors. In essence, using debt instead of equity can boost the return that investors are experiencing.

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Corporate Finance Financial Analysis Financial Statements Tax 40

Tipalti

MARCH 28, 2024

Explore the profound impact of artificial intelligence on modern financial practices. Learn how AI accounting is revolutionizing the financial industry, and what it means for your business.

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Accounting Accounting 40

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

MARCH 28, 2024

What is a LIFO Liquidation? A LIFO liquidation occurs when an organization using the last in, first out concept to track its inventory costs uses up its oldest inventory layer. Under the LIFO method, the cost of the last inventory acquired is assigned to the first inventory used. This results in layers of costs in the LIFO database, each one related to the purchase of inventory on earlier dates.

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Auditing Accounting Accounting 40

Tipalti

MARCH 28, 2024

Learn what open banking is and how it opens up financial resources, apps and tools for consumers so they can have more control and foresight over their financial wellbeing.

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Accounting Tools

MARCH 28, 2024

What is a Limited Liability Company? A limited liability company (LLC) is a business entity that provides its owners with the limited liability protection of a corporation , while allowing earnings to pass through to the owners for tax purposes. Thus, an LLC combines the best features of a corporation and a partnership while not being classified as either one.

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Tax Accounting Accounting 40

Tipalti

MARCH 28, 2024

Review the best travel and expense management software solutions with AP automation capabilities. Simplify your business trips and streamline expenses.

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AP 40

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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.