Ascend Software blog

MAY 2, 2023

Accounts payable departments are an essential part of any organization, ensuring that suppliers and vendors are paid accurately and on time. However, the traditional paper-based invoice processing method is prone to errors, delays, and high costs, making it inefficient and time-consuming. Fortunately, advancements in technology have led to the development of automated AP workflow solutions that can streamline the accounts payable process and eliminate the need for manual intervention.

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Accounts Payable Accounts Payable AP Invoice Processing 246

Plooto

MAY 2, 2023

Entrepreneurs of all walks of life are looking to increase their business profit. After all, if you're not running a profitable venture, then it’s difficult to expand and grow. However, knowing how to increase profitability isn’t always easy. What are the biggest drivers of profit? How do you set and achieve your profit targets?

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Accounting Accounting 98

Insightful Accountant

MAY 2, 2023

In today's business landscape, being a thought leader is everything. Otter PR's Amanda Reseburg spins you through some of the fine points of honing your content writing craft.

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CSI Accounting & Payroll

MAY 2, 2023

Owning a small daycare or childcare center can be chaotic. Between planning activities, ensuring your kids are safe, and keeping up with regulations, the work never stops. Add bookkeeping to the mix, and it may often feel impossible to stop working at a reasonable time each day. At CSI Accounting & Payroll, we've been advising childcare center owners on industry best practices for over 50 years.

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Bookkeeping Accounting Accounting Payroll 93

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

Azure FinOps

MAY 2, 2023

FinOps, or, financial operations, is still a new practice area. Even so, we are starting to see the same type of drift in definition that has diluted the meaning of DevOps (which once meant, quite simply, the tight integration of development and operations to create a more agile – in the original sense of that word – organization). Many companies, struggling to understand and control their cloud costs and keen to find solutions, have started FinOps teams.

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FinOps FinOps Invoicing Financial Operations 52

CSI Accounting & Payroll

MAY 2, 2023

The reason most startups go out of business is simple; they run out of money. Making it through the first eighteen months of business is tough. In fact, Forbes estimates that 80% of entrepreneurs fail within this period. In order to make it past the two-year mark and beyond, you need to have a strong financial strategy. At CSI Accounting & Payroll, we've seen many businesses fail - and many succeed - in the past 50 years we've been in business.

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Payroll Accounting Accounting Small Business Accounting 52

Insightful Accountant

MAY 2, 2023

The May 2023 'Future Forward Virtual Event' kicks off with Insightful Accountant contributors Liz Scott and Esther Friedberg Karp discussing the newest features within the QBO's ecosystem.

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Accounting Accounting 52

The Successful Bookkeeper

MAY 2, 2023

Most Bookkeepers Disregard the Value of Having an Excellent Brand Name Jeremy Miller is a seasoned entrepreneur who helps companies and individuals grow their brands. He provides actionable ideas, tools, services, books, and resources to help a business stand out, attract customers, and grow its brand.

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Bookkeeping 52

Azure FinOps

MAY 2, 2023

FinOps, or, financial operations, is still a new practice area. Even so, we are starting to see the same type of drift in definition that has diluted the meaning of DevOps (which once meant, quite simply, the tight integration of development and operations to create a more agile – in the original sense of that word – organization). Many companies, struggling to understand and control their cloud costs and keen to find solutions, have started FinOps teams.

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FinOps FinOps Invoicing Financial Operations 52

Insightful Accountant

MAY 2, 2023

Murph takes a deep dive into a powerful inventory software that’s easy to use.

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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.

Tipalti

MAY 2, 2023

Accounting for SaaS businesses can be tricky, but this guide has got you covered. From revenue recognition to tax compliance, we'll walk you through it all.

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Accounting Accounting Tax Accounts Payable 52

Insightful Accountant

MAY 2, 2023

B2B CFO Don King kicks off the first piece in his five-part series on what it takes to succeed in today's ever-competitive landscape.

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Tipalti

MAY 2, 2023

Learn about the different types of expense management and how they work, and how to choose the best expense management software solution for your business

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Accounting Tools

MAY 2, 2023

Related Courses Business Combinations and Consolidations GAAP Guidebook What is a Minority Interest? A minority interest is the ownership of less than half of a corporation 's outstanding shares. The party owning these shares is someone other than the parent company that has majority control over the business. Accounting for a Minority Interest When a business has a minority interest in another entity and it has no substantial influence over that entity, the business accounts for its ownership s

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Financial Statements Accounting Accounting 40

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Accounting

finout

MAY 2, 2023

Table of Contents

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FinOps FinOps 52

Accounting Tools

MAY 2, 2023

Related Courses Business Combinations and Consolidations What is a Change in Reporting Entity? A change in reporting entity occurs when two or more previously separate entities are combined into one entity for reporting purposes, or when there is a change in the mix of entities being reported. When this combination occurs, the resulting entity must restate any prior financial statements that it is including in its reporting package for comparison purposes.

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Financial Statements 40

dynavistics

MAY 2, 2023

Accounting 52

Accounting Accounting 52

Accounting Tools

MAY 2, 2023

Related Courses Business Ratios Guidebook The Interpretation of Financial Statements What is the Net Profit Ratio? The net profit percentage is the ratio of after-tax profits to net sales. It reveals the remaining profit after all costs of production, administration, and financing have been deducted from sales , and income taxes recognized. As such, it is one of the best measures of the overall results of a firm, especially when combined with an evaluation of how well it is using its working cap

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Tax Financial Statements 40

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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.

AP

Accounting Tools

MAY 2, 2023

Related Courses Fiduciary Accounting What is a Charge and Discharge Statement? A charge and discharge statement summarizes the principal and income associated with an estate or account, as well as outflows. The outflows include administrative fees and expenses, plus payments of principal and interest to beneficiaries. A trustee uses this document to observe the inflows and outflows of cash related to an estate or account.

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Accounting Accounting 40

Accounting Tools

MAY 2, 2023

Related Courses Bankruptcy Tax Guide Essentials of Corporate Bankruptcy What is Chapter 7? Chapter 7 is a bankruptcy proceeding in which the filing entity goes out of business and liquidates its assets. The court appoints a trustee to liquidate the assets of the business, which are then used to pay secured creditors , followed by unsecured creditors.

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Tax 40

Accounting Tools

MAY 2, 2023

Related Courses Fixed Asset Accounting How to Audit Fixed Assets What is Salvage Value? Salvage value is the estimated resale value of an asset at the end of its useful life. It is subtracted from the cost of a fixed asset to determine the amount of the asset cost that will be depreciated. Thus, salvage value is used as a component of the depreciation calculation.

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Auditing Accounting Accounting 40

Accounting Tools

MAY 2, 2023

What is a Dividend? A dividend is a payment to shareholders of a portion of a corporation's earnings. The amount to be paid is decided by the organization's board of directors. The payment is usually in cash , but can also take the form of property or additional shares of stock. Dividends are typically paid on a recurring quarterly or annual basis, though the board may occasionally vote to issue a one-time dividend, usually as a distribution of a large amount of cash received by the business, an

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Tax 40

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

MAY 2, 2023

Related Courses Business Combinations and Consolidations CPA Firm Mergers and Acquisitions Divestitures and Spin-Offs Mergers and Acquisitions What is an Acquisition? An acquisition occurs when a business gains control over another entity. An acquisition is typically achieved by acquiring a majority of the voting stock held by investors , sometimes over the objections of the managers of the acquiree.

Financial Statements 40

Financial Statements CPA Accounting Accounting 40

Accounting Tools

MAY 2, 2023

Related Courses Accounting Information Systems Payables Management Purchasing Guidebook What is the Expenditure Cycle? The expenditure cycle is the set of activities related to the acquisition of and payment for goods and services. These activities include the determination of what needs to be purchased, purchasing activities, the receipt of goods, and payments to suppliers.

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Purchase Order Invoicing Accounts Payable Accounts Payable 40

Accounting Tools

MAY 2, 2023

Related Courses Business Strategy Essentials of Marketing What is Market Cannibalization? Market cannibalization occurs when a company’s existing sales decline due to the displacement of an older product by a newer one. Cannibalization is most likely when the new and old products share similar features and are used by the same customers. This situation results in no net increase in market share for the seller, because the company has not appealed to a new group of customers.

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Accounting Tools

MAY 2, 2023

Related Courses Financial Analysis What is Implicit Cost? Implicit cost is the amount that could have been earned if a different path had been chosen. For example, a consulting firm wins two contracts with customers, but only has enough staff to handle one of the projects. The firm chooses to accept the contract with customer A. The implicit cost of this project is the profit that the firm would have earned if it had instead gone with customer B.

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Financial Analysis Financial Statements Budgeting Accounting 40

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

Accounting Tools

MAY 2, 2023

Related Courses The Income Statement The Interpretation of Financial Statements What are Operating Earnings? Operating earnings are the profits remaining after all operating expenses are subtracted from revenues. Operating expenses include the cost of goods sold and selling, general and administrative expenses. These earnings provide the best view into how well a business is performing, since it strips away all other expenses that do not relate to operations, such as financing costs and taxes.

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Financial Statements Tax 40

Accounting Tools

MAY 2, 2023

Related Courses Accounting for Inventory Inventory Management Operations Management What is Inventory Carrying Cost? Inventory carrying cost is the expense associated with keeping goods in stock. This expense is comprised of the costs of inventory shrinkage , obsolescence, insurance, interest, taxes, and depreciation on warehouse and rack space, as well as the compensation costs for the materials handling staff.

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Tax Accounting Accounting 40

Accounting Tools

MAY 2, 2023

Related Courses Accountants' Guidebook Bookkeeping Guidebook Revenue Recognition What is the Revenue Recognition Principle? The revenue recognition principle states that you should only record revenue when it has been earned, not when the related cash is collected. For example, a snow plowing service completes the plowing of a company's parking lot for its standard fee of $100.

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Accruals Collections Bookkeeping Accounting 40

Accounting Tools

MAY 2, 2023

Related Courses Form 1099 Compliance Human Resources Guidebook Payroll Management The difference between a contractor and an employee is a crucial issue for an employer , because paying employees is generally more expensive. The extra expense arises because the employer must pay payroll taxes for employees, but does not do so for contractors. There is a tendency for employers to classify as many people as possible as contractors, so that the employers are not liable for payroll taxes.

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Payroll Accounts Payable Accounts Payable Tax 40

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