Fidesic blog
APRIL 26, 2023
Are you a Microsoft Dynamics GP user, consultant or enthusiast? In this post we are sharing a whole bunch of Microsoft Dynamics GP blogs. These are not ranked or in any particular order. We will include descriptions and links to all.
Xero
APRIL 26, 2023
The driving force for many small business owners when choosing to start their own businesses is to improve their lifestyle, but how does small business owner wellbeing actually fare? That’s what we set out to find out in our new report released today: The global state of small business owner wellbeing. Wellbeing gets a lot of attention, with no shortage of articles and reports telling us how we should be better balancing our lives.
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ProsperOps
APRIL 26, 2023
Simple, Automatic Amortization Tracking for Prepaid AWS Reserved Instances and Savings Plans AWS Reserved Instances (RIs) and Savings Plans (SPs) have three payment models: No Upfront : where you pay a discounted hourly rate over the term of the commitment, Partial Upfront : where you pay a portion (generally half) of the total value of the commitment upfront and the remaining portion hourly over the term, and All Upfront: where you pay the full amount of the commitment at the time of purchase W
Fidesic blog
APRIL 26, 2023
Are you a Microsoft Dynamics GP user, consultant or enthusiast? In this post we are sharing a whole bunch of Microsoft Dynamics GP blogs. These are not ranked or in any particular order. We will include descriptions and links to all.
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.
CSI Accounting & Payroll
APRIL 26, 2023
Working with an accountant offers many benefits, but it can also create problems. If the relationship between your business and your accountant isn’t dynamic, it won’t be as constructive as it could be. Accountants aren’t known for their customer service skills. A lot of them would much rather deal with numbers than people, but you confide almost everything about your business to them, so they need to be someone you trust.
Cloud Accounting Podcast
APRIL 26, 2023
FTX had 80,000 transactions in Ask My Accountant; the crazy cost accounting behind EY's failed breakup; using ChatGPT for financial statement analysis; what the tech world thinks AI will automate in accounting and more! LiveFlow - [link] Chapters (00:00) - CAP 329 (00:39) - PREVIEW: How ChatGPT saved Erica (01:09) - Introduction (07:48) - FTX had 80,000 transactions in Ask My Accountant (12:04) - Blake plays a clip from the All-In podcast on AI accounting (17:25) - ChatGPT vs real accountants an
Financial Ops World brings together the best financial operations content from the widest variety of thought leaders.
Accounting Tools
APRIL 26, 2023
Related Courses How to Conduct a Compilation Engagement How to Conduct a Review Engagement How to Conduct an Audit Engagement There are several key differences between an audit , a review , and compilation. Essentially, a compilation requires the auditor to simply present financial statements based on the representations made by management, with no effort to verify this information.
CSI Accounting & Payroll
APRIL 26, 2023
There are only so many quality accounting software options out there, so what are you supposed to do when you hear rumors that yours is being discontinued? Luckily, QuickBooks Desktop is just undergoing changes - not being discontinued. However, we recommend switching to its online version. Making a change of this size on any platform is easier said than done , especially when the provided support may not be enough.
Accounting Tools
APRIL 26, 2023
Related Courses Bookkeeping Guidebook Revenue Management Revenue Recognition What are the Types of Sales Discounts? There are multiple types of discounts from sales that customers can earn. They are typically employed to either attract new customers, retain old ones, enhance financing options, or manage inventory levels. These discounts are noted below.
Nanonets
APRIL 26, 2023
PDF → Excel Convert PDF bank statements to Excel Try for Free In today's fast-paced business world, faster loan approvals and lending processes are a key goal both for lenders and people applying for loans. Lenders are therefore constantly seeking ways to improve their processes and increase efficiency. Automation can have a significant impact on this process—particularly the loan underwriting process.
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 Tools
APRIL 26, 2023
Related Courses Budgeting Capital Budgeting What is a Fixed Budget? A fixed budget is a financial plan that is not modified for variations in actual activity. It is the most commonly-used type of budget, because it is easier to construct than a flexible budget. Disadvantages of Fixed Budgets Since most companies experience substantial variations from their expected activity levels over the period encompassed by a budget, the amounts in the budget are likely to diverge from actual results.
Insightful Accountant
APRIL 26, 2023
In an earlier article, Murph described the problem with time-tracking for time-tracking apps for QuickBooks Desktop if you're not interested in payroll. Now he tells us how he solved his problem.
Accounting Tools
APRIL 26, 2023
Related Courses Accounting for Inventory How to Audit Inventory What are Returns Inwards and Returns Outwards? Returns inwards are goods returned to the selling entity by the customer , such as for warranty claims or outright returns of goods for a credit. For the customer, this results in the following accounting transaction: A debit (reduction) of accounts payable A credit (reduction) of purchased inventory Returns inwards do not necessarily result in a reduction of the cost of goods sold , si
Bookkeeping Express
APRIL 26, 2023
Our blogs regularly detail how professional bookkeeping can help businesses survive and thrive beyond simply recording transactions and preparing tax filings, like driving profitability with financial reporting , forecasting cash flow , and optimizing your accounts receivable. But there’s another often overlooked benefit: rigorous, detailed bookkeeping inherently helps prevent opportunities for fraudulent activity and enables prompt detection of suspicious activity.
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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!
Insightful Accountant
APRIL 26, 2023
In a landscape defined by change, Profit First Professionals' Ron Saharyan explains how adapting your mindset is the move that matters.
Accounting Tools
APRIL 26, 2023
Related Courses Accounting for Vineyards and Wineries Agricultural Accounting What is an Agricultural Producer? An agricultural producer is a rancher or farmer. These parties produce crops, or breed livestock, or feed livestock prior to slaughter through day-to-day labor and field operations. A producer can be further defined as a landlord, owner-operator, sharecropper or tenant that participates in the risks of production and is entitled to a share of the proceeds.
Economize
APRIL 26, 2023
FinOps benchmarking is an essential practice for organizations looking to maximize their cloud investment and achieve their strategic and organizational objectives. By adopting the best practices outlined in this article, organizations can effectively manage their cloud costs and drive long-term business success.
Accounting Tools
APRIL 26, 2023
Related Courses How to Conduct an Audit Engagement What is a Misstatement? A misstatement is the difference between the required amount, classification, presentation, or disclosure of a financial statement line item and what is actually reported in order to achieve a fair presentation, as per the applicable accounting framework. A misstatement could have been caused by an error in recording a transaction , or fraudulent activity.
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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.
NACM
APRIL 26, 2023
More and more credit professionals are based in or working with customers overseas. In order to keep up with the pace, credit professionals must expand their knowledge of international trade. Wesley Belleville, CCE, CICP, director of credit at Helena Agri-Enterprises, LLC (Collierville, TN) earned his CICP (Certified International Credit Profession.
Accounting Tools
APRIL 26, 2023
Related Courses Business Valuation Fair Value Accounting What is Asset Valuation? Asset valuation is a process followed to derive the current value of an asset. This can be done in a variety of ways, such as deriving the price based on the sales of similar assets on the open market, or by calculating the present value of its future cash flows , or by compiling what it would cost to construct it from scratch.
Accounting Tools
APRIL 26, 2023
Related Courses Entertainment Industry Accounting What are Film Costs? Film costs are the direct costs associated with physically producing a film, as well as allocations of production overhead and capitalized interest. Examples of these direct costs are cast compensation, post-production, set construction, sound synchronization, story costs, and wardrobe.
Accounting Tools
APRIL 26, 2023
Related Courses Business Ratios Guidebook The Interpretation of Financial Statements What is the Return on Total Capital? The return on total capital measures the efficiency with which invested funds are used in a business. It compares the profitability of an organization to the aggregate amount of funds invested in it. The concept is most applicable to firms that use large amounts of debt in their capital structure.
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 26, 2023
Related Courses Entertainment Industry Accounting What is an Overall Deal? An overall deal is an arrangement under which a film studio pays compensation to a producer in exchange for the use of that person's creative services. Under this arrangement, anything developed by the producer stays within the studio; it cannot be shopped elsewhere if the studio passes on further production or distribution of film concepts.
Accounting Tools
APRIL 26, 2023
Related Courses How to Conduct an Audit Engagement The Interpretation of Financial Statements What is a Certified Financial Statement? A certified financial statement is an income statement , balance sheet , and/or statement of cash flows that is issued along with an auditor’s report from a certified public accountant. In the audit report, the auditor attests to the accuracy of the financial statement.
Accounting Tools
APRIL 26, 2023
What is the Clean Surplus Concept? The clean surplus concept states that equity -related gains and losses are not to be included in the income statement. Under this approach, changes in the fair value of assets and liabilities are included in earnings. The concept is used as an alternative to the use of discounted cash flows to determine the value of a corporation’s shares.
Accounting Tools
APRIL 26, 2023
Related Courses Bookkeeping Guidebook Payables Management What is the Cash Disbursement Journal? The cash disbursement journal is a detailed record of the cash payments made by a business. The journal itemizes when checks and other types of payments are made, as well as the amounts paid, the names of the recipients, and the accounts charged. This journal is a good source document for tracking down the specifics regarding individual payments.
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 Tools
APRIL 26, 2023
Related Courses Accounting for Investments Corporate Finance GAAP Guidebook What is a Call Provision? A call provision is an option built into a bond indenture , allowing the issuer to redeem bonds prior to their scheduled maturity date. In exchange, the issuer pays a premium over the face value of the bonds. The issuer uses this provision when interest rates decline, so that it can re-issue new bonds that offer a lower interest rate.
Accounting Tools
APRIL 26, 2023
Related Courses GAAP Guidebook International Accounting What is the Accounting Principles Board? The Accounting Principles Board (APB) was a group that issued authoritative pronouncements about accounting theory and the practical application of accounting. The APB was organized and overseen by the American Institute of Public Accountants, and operated from 1959 to 1973.
Accounting Tools
APRIL 26, 2023
Related Courses Budgeting Capital Budgeting What is Flex Budgeting? A flexible budget, or “flex” budget varies with changes in the amount of actual revenue earned. In its simplest form, the flex budget will use percentages of revenue for certain expenses , rather than the usual fixed numbers. This approach results in better comparability of budgeted and actual results.
Accounting Tools
APRIL 26, 2023
Related Courses Crowdfunding Essentials Invoice Factoring Essentials Factoring is a financial transaction in which a business sells its accounts receivable to a third party (known as a factor) at a discount in exchange for immediate cash. Invoice factoring can be quite a useful source of cash for smaller businesses that are having trouble procuring a loan.
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