Sun.Dec 10, 2023

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Build the ultimate app stack to help skyrocket your practice growth

Xero

In today’s accounting and bookkeeping practices, you can find yourself juggling client communications, compliance and acting increasingly in advisory roles – all while still managing your ever-growing daily management tasks. It’s understandable that you may often find yourself spending more time on the admin side of your practice than growing it. So how can you streamline time spent on admin, workflows and processes?

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Have You Found that New Report Yet?

Insightful Accountant

Murph takes you through the steps to build one of the new reports in QuickBooks Enterprise v24 that wasn't available upon initial release that showed up in R3.

professionals

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Ep. 245: Tony Klimas - The Future of the CFO Role in Finance 2025 and Beyond

IMA's Count Me

Welcome to the Count Me In Podcast! Join your host Adam Larson and today's guest, financial expert Tony Klimas , as they discuss the future of finance and insights for 2025 and beyond. Tony has 25 years of consulting experience that he brings to his roles as president for Horvath USA. Get ready for a deep dive into the evolving financial landscape and how the role of the CFO is changing.

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Try Business Process Automation Instead of Hiring Temps

NextProcess

Whether you’re a small business or a large corporation, there might come a time when you start thinking outsourcing or hiring temps sounds like a good idea. Maybe you’re having trouble finding enough skilled employees to handle tasks like accounts payable or travel and expense reporting. Maybe your existing employees are overwhelmed, and the budget isn’t available to hire additional help on a permanent basis.

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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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How to Balance Paid & Organic Search Strategies?

Invoicera

Well, finding the perfect balance between paid and organic search can be a tricky task. It takes a lot of time, effort, and experience to get it right. But if you don’t strike the right balance, you risk wasting time, resources, and money on ineffective strategies that won’t help your business grow. To cope with […] The post How to Balance Paid & Organic Search Strategies?

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Do I Need a CPA for My Small Business?

CSI Accounting & Payroll

As a small business owner, you know that you have to have current books. However, there are a few ways to achieve this. Should you do it yourself, hire an accountant, or work with an outsourced service? First, you need to know what each of these things entail. CSI Accounting & Payroll has helped small businesses with accounting for over 50 years.

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Accounts receivable turnover ratio definition

Accounting Tools

What is the Accounts Receivable Turnover Ratio? Accounts receivable turnover is the number of times per year that a business collects its average accounts receivable. The ratio is used to evaluate the ability of a company to efficiently issue credit to its customers and collect funds from them in a timely manner. It is one of the most important measures of collection efficiency.

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Market capitalization definition

Accounting Tools

What is Market Capitalization? Market capitalization is the total value of a firm’s outstanding shares , based on their current market price. All outstanding shares are included in this calculation, such as publicly-traded shares and any restricted shares held by insiders and other parties. The market capitalization concept is used to obtain a rough estimate of the value assigned to a business by the investment community.

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Creditworthiness definition

Accounting Tools

What is Creditworthiness? Creditworthiness is the opinion of a creditor or lender regarding the ability of a person or business to settle its obligations when due. This assessment extends to the expected future financial condition of the person or business. Creditworthiness is based on the credit application , credit references , and financial statements supplied to the party granting credit, as well as a credit report supplied by a third party credit reporting agency, such as TransUnion or Expe

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Cost sheet definition

Accounting Tools

What is a Cost Sheet? A cost sheet is a report on which is accumulated all of the costs associated with a product or production job. A cost sheet is used to compile the margin earned on a product or job, and can form the basis for the setting of prices on similar products in the future. It can also be used as the basis for a variety of cost control measures.

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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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Net operating assets definition

Accounting Tools

What are Net Operating Assets? Net operating assets are those assets of a business directly related to its operations, minus all liabilities directly related to its operations. Operating assets and liabilities are those assets and liabilities required to run an organization’s core operations. Examples of operating assets are trade receivables, inventory, and fixed assets.

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Qualified stock option definition

Accounting Tools

What is a Qualified Stock Option? A qualified stock option confers special tax benefits on the employees of a corporation. This stock option is not reportable as taxable income to the employee at the time of grant, nor when the employee later exercises the option to buy stock. Once the employee eventually sells the stock, it is taxed as ordinary income ; however, if he holds the stock for at least two years, it is taxable as a long-term capital gain.

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Group audit definition

Accounting Tools

What is a Group Audit? A group audit involves the audit of group financial statements. Group financial statements are financial statements that include the financial information for more than one component. A component is an entity or business activity for which financial information is separately prepared, and which is included in the group financial statements.

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Accrual basis of accounting definition

Accounting Tools

What is the Accrual Basis of Accounting? The accrual basis of accounting is the concept of recording revenues when earned and expenses as incurred. The use of this approach also impacts the balance sheet , where receivables or payables may be recorded even in the absence of an associated cash receipt or cash payment, respectively. The accrual basis of accounting is advocated under both generally accepted accounting principles ( GAAP ) and international financial reporting standards ( IFRS ).

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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!