Wed.May 24, 2023

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Four ways small businesses can work smarter in Xero this EOFY

Xero

It’s often said that (almost) no one goes into business to do their own accounting. So it’s no surprise that many entrepreneurs lean heavily on a trusted advisor for support, particularly around busy times like EOFY when tax, compliance, payroll and other business obligations come into play. For those on the Xero platform, collaborating with your accountant or bookkeeper is simple via the cloud.

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Accounting Technologies: The 2023 Annual Guide

Future Firm

Here is my complete guide to emerging accounting technologies for 2023. In this guide, you’ll learn about the top accounting technology in the profession along with some tips and tricks on how to leverage them. So if you’re looking to leverage software to automate your accounting work, you’ll love this guide. Let’s go! Table of Contents Cloud Computing Artificial Intelligence & Machine Learning Optical Character Recognition Robotic Process Automation Blockchain Big Data The Metaverse Mobile

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Cash management strategies for small business survival

Plooto

Smart cash management strategies are required for businesses of all sizes to succeed. Small businesses are particularly vulnerable to running out of cash due to economic downturns, poor cash flow management , and inadequate long-term planning.

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Vital Questions to Ask Your Claims Clearinghouse Vendors

SSI Healthcare Rev Cycle Solutions

May 24, 2023 9 Essential Questions Revenue Cycle Leaders Should Be Asking About Their Claims Clearinghouse Vendors Welcome to the world of healthcare revenue cycle management, where every aspect of your business is crucial to success. It’s not just about having any partner but having the right partner that can make all the difference. At times, settling for a vendor that is simply “good enough” might seem like the easiest option, but it can ultimately hold your organization ba

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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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Soft close definition

Accounting Tools

Related Courses Closing the Books The Soft Close The Year-End Close What is a Soft Close? A soft close is defined as closing the books using an abbreviated closing procedure. By using a soft close, the accounting department can issue financial statements very quickly and then return to its normal day-to-day activities. This enhanced closing speed comes at a cost, for the accuracy of the financial statements is reduced by the various revenue and expense accruals that are normally included in a mo

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9 Essential Questions Revenue Cycle Leaders Should Be Asking Their Claims and Clearinghouse Partner

SSI Healthcare Rev Cycle Solutions

May 24, 2023 9 Essential Questions Revenue Cycle Leaders Should Be Asking About Their Claims and Clearinghouse Partner Welcome to the world of healthcare revenue cycle management, where every aspect of your business is crucial to success. It’s not just about having any partner but having the right partner that can make all the difference. At times, settling for a vendor that is simply “good enough” might seem like the easiest option, but it can ultimately hold your organizatio

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3 Services Your Business Needs to Thrive

CSI Accounting & Payroll

Starting your own business is exciting. You’re your own boss, you get to do what you love, and you’re building something unique. However, you’re also working 16-hour days trying to keep all your bases covered. New business owners often start out trying to DIY as much as possible, which can be a good move. for a while. The tough reality? Most new businesses fail in their first 18 months.

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Discover Your Digital Personality and Unlock Curated Content

Dext

Are you ready to embark on a personalised digital accounting journey and receive curated content tailored to your unique digital personality? Then it’s time to take Dext’s fun Digital Personality Quiz! At Dext, we’re passionate about advancing and improving the accounting process for all.

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Why a Solid Bookkeeping System is Critical for Franchise Success

Bookkeeping Express

As a franchise owner, you’ve invested in a business model that offers the advantage of proven systems, brand recognition, and a host of resources designed to foster success. With these benefits, however, come specific commitments and rules, many of which require rigorous financial management. Plus, with franchise-specific financial obligations such as royalty fees, advertising fees, and more, the highest quality financial management – and robust bookkeeping in particular – should be consid

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Snowflake Vs. AWS Vs. Azure: Which Should You Use?

CloudZero

Millions of organizations, across every industry, use data to improve strategies, products, and services. Yet, there are bucketloads of cloud data platforms on the market. Picking the right one for your needs can be a challenge.

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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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Role of Bookkeeping in Tax Planning and Preparation

Billah and Associates

Know How Bookkeeping Helps with Tax Planning and Preparation Bookkeeping also plays a important role in tax planning and preparation. It includes keeping systematic recording, organizing, and tracking of financial transactions and activities of a business. By keeping accurate and up-to-date books, businesses can effectively manage their finances, make informed decisions, and comply with Canadian tax regulations.

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Enhancing Cybersecurity for CPA Firms: Essential Best Practices and Strategies

Analytix Finance & Accounting

Cybersecurity has become a growing concern for CPA firms as cyberattacks have increased in frequency and sophistication in recent years. Cyberattacks can often result in financial losses, reputational damage, and legal liabilities. Therefore, cybersecurity is a critical priority for CPA firms. In this blog, we will discuss the growing importance of cybersecurity for CPA firms and provide best practices and strategies for mitigating cybersecurity risks.

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QBO App Aware: Rillion AP Automation

Insightful Accountant

Rillion seamlessly integrates with QuickBooks Enterprise to automate accounts payable with a user-friendly and fast system.

AP 76
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Defraud definition

Accounting Tools

Related Courses Fraud Schemes Unethical Behavior What is Defraud? To defraud is to conduct matters in a fraudulent manner in order to achieve personal gain. The person engaged in this activity misrepresents facts, so that the recipient of the false information is persuaded to transfer money, property, legal rights, and so forth to the defrauding party.

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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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Translucent Accounting Platform Raises Pre-seed Funding

Insightful Accountant

Translucent CEO Michael Wood is revolutionizing how multinational companies handle their accounting and finances.

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Deposit slip definition

Accounting Tools

Related Courses Corporate Cash Management How to Audit Cash Optimal Accounting for Cash What is a Deposit Slip? A deposit slip is a form that is used to itemize the checks and cash being deposited into a bank account. The form contains the name on the account, the account number, the amount of each check being deposited, and the amount of any bills and coins being deposited.

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Addressing Long-Term Care Staffing Issues | Where Automation Fits In

Fidesic blog

Long-term care facilities face a ton of challenges when it comes to staffing--high staff turnover and difficulty attracting qualified staff being the most problematic. These challenges have resulted in widespread long-term care staffing shortages. In this article, we will explore long-term care staffing issues from the perspective of nursing homes and discuss how back office automation can help ease some of these problems.

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Accrual-type adjusting entry definition

Accounting Tools

Related Courses Closing the Books The Year-End Close The Soft Close What is an Accrual-Type Adjusting Entry? An accrual-type adjusting entry is a journal entry recorded at the end of a reporting period that alters the amount of revenues or expenses recorded in the income statement. The four types of accrual-type adjusting entries are noted below. An expense increase for expenses that have been incurred, but for which no supplier invoice has yet been received.

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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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Member Spotlight: CCE Designation of Excellence

NACM

NACM's Designation of Excellence Awards were created to honor designation holders at four distinct levels: the CBA, CBF, CCRA and CCE. Each recipient must have an unrelenting pursuit of excellence through enhanced and improved knowledge. Equally important is the desire to share that knowledge through speaking, teaching or mentoring.

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