Insightful Accountant
APRIL 17, 2023
September 6, 2022 was the day Intuit's QuickBooks Accountant Leader Ted Callahan announced as the release of the QuickBooks Desktop 2023 line-up to ProAdvisors and Accountants. Murph provided a summary of what's new.
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Insightful Accountant
APRIL 17, 2023
FloQast’s Controller’s Guidebook series found that 63% of those considering a change may leave accounting entirely as teams work to recalibrate work-life balance.
Accounting Tools
APRIL 17, 2023
Related Courses Accounting for Inventory Cost Accounting Fundamentals What is Process Costing? Process costing is used when there is mass production of similar products, where the costs associated with individual units of output cannot be differentiated from each other. In other words, the cost of each product produced is assumed to be the same as the cost of every other product.
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.
IMA's Count Me
APRIL 17, 2023
In this episode of the Count Me In podcast, host Adam speaks with Matt Druckman, an expert in the field of crypto accounting, about the challenges of accounting for digital assets. With no authoritative guidance in place, Matt explains the framework of best practices and opinions that have been pulled together to guide the industry. However, as the nature of crypto and digital assets is changing rapidly, there is a need for increased vocalization and guidance from regulatory bodies such as the F
Jetpack Workflow
APRIL 17, 2023
You’ve been writing and posting blogs to your accounting firm’s website for months, maybe even years, seemingly to no avail. While you had big goals for your search engine optimization (SEO) efforts, you haven’t had a massive influx of traffic to your website—or a significant number of prospective new clients, either. At this point, you may start to give up on SEO altogether.
Financial Ops World brings together the best financial operations content from the widest variety of thought leaders.
Nanonets
APRIL 17, 2023
Imagine this: You’ve received an old report from a colleague. But, instead of a neat Excel spreadsheet, you’re staring at multiple jpg images. We often face such or similar scenarios where our data isn’t present in an editable Excel format for you to analyze or crunch data as required. Manually entering data into a spreadsheet is not only time-consuming but also an error-prone process.
Economize
APRIL 17, 2023
Amazon S3 and Google Cloud Storage, are the two leading cloud storage services. Understanding the differences between these providers and the factors for choosing the right one is essential for organizations aiming to maximize the benefits of cloud storage.
CloudZero
APRIL 17, 2023
As we were planning “Cloud Atlas,” our primary goal was to talk with someone who was “in the room” during the genesis of the cloud. Allan Vermeulen, who worked for Amazon from 1999-2021, and who proposed Amazon Simple Storage Service (S3), became that source.
Accounting Tools
APRIL 17, 2023
Related Courses Bookkeeper Education Bundle Bookkeeping Guidebook Closing the Books What is an Adjusting Entry? Adjusting entries are used to adjust the ending balances in various general ledger accounts. These journal entries are intended to bring the financial statements of the reporting entity into compliance with the applicable accounting framework (such as GAAP or IFRS ).
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.
Nanonets
APRIL 17, 2023
Finance teams are well aware of the tedious and error-prone nature of manual accounts payable processes. Sorting through stacks of paper invoices, reaching out to approvers individually, and mailing checks are extremely tedious and error-prone. This could also lead to late payments or in some cases potential vendor fraud. AP automation or accounts payable automation solutions are an attempt to optimise this process for finance teams.
Accounting Tools
APRIL 17, 2023
Related Courses Guide to Audit Working Papers How to Conduct an Audit Engagement What is a Permanent File? A permanent file is a set of records that serves as an ongoing reference for an organization's external auditors. The information in the file is intended to be accessed repeatedly in successive audits to assist the audit team in the conduct of their tasks.
Remote Quality Bookkeeping
APRIL 17, 2023
Ask any successful entrepreneur what the most challenging part of running a business is, and they will more than likely mention accounting as one of their biggest challenges. Business bookkeeping is much more complicated than simply balancing the checkbook each month and paying the bills on time. It involves careful tracking, reporting, and verification to ensure all the numbers line up correctly at the end of the month, quarter, and year.
Accounting Tools
APRIL 17, 2023
Related Courses Capital Budgeting Constraint Management Lean Accounting Guidebook What is the Value Added Ratio? The value added ratio (VAR) is the time spent adding value to a product or service, divided by the total time from the receipt of an order to its delivery. A less expansive variation only includes in the denominator the period from the beginning of production or service through delivery.
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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!
Nanonets
APRIL 17, 2023
Purchase orders are among those parts of the business that can sometimes get buried under other tasks. Perfecting the purchase order process can take time and thus is often not prioritized. However, having an efficient purchase order process goes a long way in maintaining AP efficiency. The time taken to rework a purchase order can significantly slow down other production activities, leading to delays.
Accounting Tools
APRIL 17, 2023
Related Courses Business Ratios Guidebook CFO Guidebook What is the Pull-Through Rate? The pull-through rate measures the ability of a salesperson to close a sale transaction. The sales manager should use the pull-through rate on an ongoing basis to measure the closing capabilities of his or her sales staff. The outcome of the measurement may be additional sales training, or the termination of those salespeople who have not proven to be sufficiently capable.
Nanonets
APRIL 17, 2023
2.5 Trillion PDFs exist worldwide, and more than 3 million new PDFs are added every day. But have you tried extracting text and tables from PDF? Or collaborating over a PDF, recommending changes, or editing a PDF? You should know it’s difficult. Converting PDF to DOCX makes PDF documents more accessible and easily editable. Nanonets offers a free PDF to DOCX converter.
Accounting Tools
APRIL 17, 2023
Related Courses Capital Budgeting Effective Innovation Financial Analysis The Traditional Approach to R&D Funding The traditional funding process for research and development projects tends to result in the funding of less-risky projects. The reason is that there is usually not enough cash available to fund all proposed projects, so a ranking system must be imposed to determine which projects will receive funding.
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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.
Billing Platform
APRIL 17, 2023
Do your sales reps struggle with configuring the products and services that align with customer specifications? Is your company losing money due to pricing miscalculations or rogue discounts? Do the proposals sent to customers contain errors or look unprofessional? If so, configure, price, quote (QPC) can remove the barriers that are keeping you from expediting the sales cycle and maximizing profitability.
Accounting Tools
APRIL 17, 2023
Related Courses Credit and Collection Guidebook Effective Collections What is the Procedure to Grant Credit? A credit review process is needed to ensure that a business does not grant credit to customers who are unable to pay. Otherwise, it may incur significant bad debt losses. The credit department handles all credit reviews. The department may receive paper copies of sales orders from the order entry department, documenting each order requested by a customer.
Accounting Tools
APRIL 17, 2023
Related Courses Budgeting Capital Budgeting The Need for Capacity Planning A budget should account for the capacity of the business to generate the sales indicated in the budget. This calls for consideration of all bottlenecks that can impact sales. A common example is when the CEO budgets for twice the sales in the next year, but with the same number of salespeople, on the assumption that they will be twice as efficient.
Accounting Tools
APRIL 17, 2023
Related Courses Accounting for Inventory Cost Accounting Fundamentals What is Standard Costing? Standard costing is the practice of substituting an expected cost for an actual cost in the accounting records. Subsequently, variances are recorded to show the difference between the expected and actual costs. This approach represents a simplified alternative to cost layering systems, such as the FIFO and LIFO methods, where large amounts of historical cost information must be maintained for inventor
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 17, 2023
Related Courses The Balance Sheet The Interpretation of Financial Statements What is a Balance Sheet? A balance sheet lays out the ending balances in a company's asset , liability , and equity accounts as of the date stated on the report. As such, it provides a picture of what a business owns and owes, as well as how much as been invested in it. The balance sheet is commonly used for a great deal of financial analysis of a business' performance.
Accounting Tools
APRIL 17, 2023
Related Courses Closing the Books The Soft Close The Year-End Close What are Closing Entries? Closing entries are journal entries used to empty temporary accounts at the end of a reporting period and transfer their balances into permanent accounts. Temporary accounts are used to accumulate income statement activity during a reporting period. The use of closing entries resets the temporary accounts to begin accumulating new transactions in the next period.
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