Ascend Software blog
APRIL 27, 2023
The world of accounts payable (AP) is undergoing a significant transformation, with artificial intelligence (AI) and machine learning (ML) technologies playing a crucial role in this evolution. Cutting-edge technologies are reshaping accounts payable automation. We will discuss intelligent invoice processing, AP workflow automation, and AI-driven AP solutions.
Xero
APRIL 27, 2023
The Xero Responsible Data Use Advisory Council recently held its seventh meeting, with a focus on the extraordinary developments in the field of generative AI, and the myriad potential applications for small business. The council is made up of myself, Laura Jackson of Popcorn Shed (business owner), Maribel Lopez of Lopez Research (technology analyst), Wyndi and Eli Tagi of WE Mana (advisors), Aaron Wittman of XBert (app developer), Anna Johnston of Salinger Privacy (privacy compliance speciali
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Accounting Department
APRIL 27, 2023
Last week, AccountingDepartment.com Business Development Representatives, Shawn Marcum, and Luke Backus attended the 2023 Entrepreneurial Operating System (EOS) Conference in Indianapolis, IN.
Xero
APRIL 27, 2023
The annual Xero Awards is a particularly special night for us at Xero. It’s a chance for us to show our appreciation and admiration to the many incredible accounting, bookkeeping, and app partners in our community. This year’s awards evening, which took place at Ministry Venues, Elephant & Castle, showcased the achievements of the “rockstars” of the accounting world.
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 Tools
APRIL 27, 2023
Related Courses How to Audit Payroll Optimal Accounting for Payroll Payroll Management What is the FUTA Tax? FUTA is an unemployment tax that is charged to employers. The FUTA acronym is short for the Federal Unemployment Tax Act. The amounts paid in by employers go into a federal fund that pays the cost of administering the unemployment insurance and job service programs in all states.
Outsourced Bookeeping
APRIL 27, 2023
Accounting automation is quickly becoming an essential part of successful financial management. By automating accounts payable and accounts receivable processes, businesses can reduce costs, decrease errors, and improve the accuracy of their financial reporting. A CFO Guide to Accounting Automation: Impacts, Benefits, and Tips In this guide, we will explore the potential impacts of accounting automation , the benefits it can offer to organizations of any size, and tips for making the most of aut
Financial Ops World brings together the best financial operations content from the widest variety of thought leaders.
Future Firm
APRIL 27, 2023
Are you tired of working too hard for too little? In this episode, we’re going to talk about a common mistake that many businesses make – underpricing. Let’s explore why some firms fall into this trap and how to avoid it. Listen below. 0:34 – In this episode, we delve into why some firms struggle with underpricing and how to avoid it to achieve better results. 1:20 – Good pricing strategies can lead to earning more while spending less time with clients, while poor p
Insightful Accountant
APRIL 27, 2023
The renewal process for the annual QuickBooks Online ProAdvisor Certifications is now underway, and ProAdvisors have until June 30 to get required recertifications.
Accounting Tools
APRIL 27, 2023
What is Restricted Cash? Restricted cash is a designation placed on a certain amount of cash by the board of directors. This restriction is intended to keep those funds from being used for general operating activities. Instead, the designated funds are reserved for a specific purpose, such as paying for a constructed asset , a dividend payment, a bond payment, or an anticipated payout resulting from a lawsuit.
Insightful Accountant
APRIL 27, 2023
Designed to strengthen and expand the leadership skills of promising young professionals, the Academy seeks to train the next generation of leaders.
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 27, 2023
Related Courses Accounting Changes and Error Corrections Public Company Accounting and Finance What is a Restatement? A restatement refers to the revision and re-release of prior financial statements. A restatement is required whenever it is found that prior financial statements contain one or more material misstatements. There are a number of reasons why misstatements occur.
Accounting Tools
APRIL 27, 2023
Related Courses Accounting for Investments Corporate Finance GAAP Guidebook What is the Retirement of Bonds? The retirement of bonds refers to the repurchase of bonds from investors that had been previously issued. The issuer retires bonds at the scheduled maturity date of the instruments. Or, if the bonds are callable , the issuer has the option to repurchase the bonds earlier; this is another form of retirement.
Accounting Tools
APRIL 27, 2023
Related Courses Corporate Cash Management Corporate Finance Investing Guidebook What is the Random Walk Theory? The random walk theory states that prior stock prices are not good predictors of future prices. Instead, stock prices behave in an unpredictable manner. Thus, an investor should not rely upon the trend of prior stock prices to predict future stock prices.
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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 Tools
APRIL 27, 2023
Related Courses Fraud Examination Fraud Schemes How to Audit for Fraud What is Income Smoothing? Income smoothing is the shifting of revenue and expenses among different reporting periods in order to present the false impression that a business has steady earnings. Management typically engages in income smoothing to increase earnings in periods that would otherwise have unusually low earnings.
Accounting Tools
APRIL 27, 2023
Related Courses The Interpretation of Financial Statements Working Capital Management What is Free Cash Flow? Free cash flow is the net change in cash generated by the operations of a business during a reporting period , minus cash outlays for working capital , capital expenditures , and dividends during the same period. This is a strong indicator of the ability of an entity to remain in business, since these cash flows are needed to support operations and pay for ongoing capital expenditures.
Accounting Tools
APRIL 27, 2023
Related Courses Business Combinations and Consolidations CPA Firm Mergers and Acquisitions Divestitures and Spin-Offs Mergers and Acquisitions What is a Standstill Agreement? A standstill agreement is an agreement between a potential acquirer and a target company , limiting the ability of the acquirer to increase its ownership percentage in the target company.
Accounting Tools
APRIL 27, 2023
Related Courses The Statement of Cash Flows The Cash Flow Statement Cash flow refers to the current format for reporting the inflows and outflows of cash , while funds flow refers to an outmoded format for reporting a subset of the same information. Cash flow is derived from the statement of cash flows. This statement is required under Generally Accepted Accounting Principles ( GAAP ), and shows the inflows and outflows of cash generated by a business during a reporting period.
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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.
Accounting Tools
APRIL 27, 2023
Related Courses How to Conduct a Compilation Engagement How to Conduct a Review Engagement What is Supplementary Information? Supplementary information is any information presented in addition to the financial statements that is not necessary to fairly present the financial statements. This information may be presented with the financials or in a separate document.
Accounting Tools
APRIL 27, 2023
Related Courses Managerial Economics Revenue Management Revenue Recognition What is the Cross Price Elasticity of Demand? Cross price elasticity of demand is a measurement of the change in demand for one product when the price of a different product changes. How to Calculate Cross Price Elasticity of Demand It is calculated as the percentage change in the demand for one product, divided by the percentage change in the price of a different product.
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