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It’s time to switch to new reports If you haven’t made the switch to new reports, we urge you to start moving your work across now , so you have plenty of time to get used to them before the older versions are retired. Here are the latest features we’ve introduced to new reports: The current column in Aged reports is now automatically hidden when it’s not needed (such as when ageing by invoice date) or if it’s empty You can now run aged reports at the end of the current month by default, instead
It is that time of the year again, tax season. Many businesses dread this time of the year - it's tough. But thankfully not as tough when you have the unrivaled support of AccountingDepartment.com. "1099 Season" spans from the beginning of the year until January 31st, and during this time, the team at AccountingDepartment.com is hard at work to prepare and review over 6,000 1099's for our clients.
Accounting has changed dramatically over the last few years. Automation, digital transformation and the acceleration of the cloud have all played an important role in shaping it. But amongst all of this change, one thing remains constant: businesses need to get paid, explains Hayden Watson, Director of UK-based accountancy firm, MHH Practice. Using technology to manage invoicing is one way to help businesses get paid on time, which may explain why invoicing remains one of our most loved feature
By 2025, 51% of IT budgets will go to cloud-based systems and operations. But, as cloud adoption increases, so does the cost of doing business. As more cloud services are introduced, along with serverless and microservice-based architectures, measuring cloud costs is both complex and unpredictable. That’s where cloud cost optimization comes into play.
In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.
The company made several moves to drive its organizational agility and operational synergies, including naming Dan Drees as President and James Sutton as Chief Revenue Officer.
External demands for a faster financial consolidation process are regularly placed on SaaS accounting departments. SaaS companies with multiple locations, subsidiaries, or operations, means that each entity will have its own chart of accounts, and more than likely has its own individual bank accounts, jurisdictions, and perhaps tax structures. When dealing with disparate entities, risk and error goes up, while financial accuracy goes down – stressing the importance of having a centralized system
The virtual fireside chat highlighting the challenges and courage of small business owners features actress Issa Rae, and TV host and former NFL player Nate Burleson. Get the details for the Feb. 1 event here.
The virtual fireside chat highlighting the challenges and courage of small business owners features actress Issa Rae, and TV host and former NFL player Nate Burleson. Get the details for the Feb. 1 event here.
The Modern CTO is talking with our CEO and Co-Founder, Roi Rabhon, about how young people can think creatively out of problems into new solutions; Roi’s workplace culture that allows for entrepreneurs to be born out of the company; and why “growing healthy” in business is a result of proper KPI alignment.
Small business owners have a lot of things to deal with and, even with a great business idea and solid business plan, it’s easy to lose track of finances and overspend. However, if you are not aware of what you have coming in versus what you have going out, your business is likely to suffer. Unfortunately, in most cases, owners are unaware of the problem until it’s too late.
Being a remote accounting firm that specializes in bookkeeping services we regularly work with businesses that need to optimize their bookkeeping functions for better performance. In 100+ cases we have worked on so far, there tends to be a few common mistakes which when prevented could have saved hundreds of working man-hours and dollar. Any small business can prevent these mistakes by adopting a few best practices and with inputs form our accounting experts at Outsourced Bookkeeping we have ide
External demands for a faster financial consolidation process are regularly placed on SaaS accounting departments. SaaS companies with multiple locations, subsidiaries, or operations, means that each entity will have its own chart of accounts, and more than likely has its own individual bank accounts, jurisdictions, and perhaps tax structures. When dealing with disparate entities, risk and error goes up, while financial accuracy goes down – stressing the importance of having a centralized system
The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.
Being a remote accounting firm that specializes in bookkeeping services we regularly work with businesses that need to optimize their bookkeeping functions for better performance. In 100+ cases we have worked on so far, there tends to be a few common mistakes which when prevented could have saved hundreds of working man-hours and dollar. Any small business can prevent these mistakes by adopting a few best practices and with inputs form our accounting experts at Outsourced Bookkeeping we have ide
Small business owners have a lot of things to deal with and, even with a great business idea and solid business plan, it’s easy to lose track of finances and overspend. However, if you are not aware of what you have coming in versus what you have going out, your business is likely to suffer. Unfortunately, in most cases, owners are unaware of the problem until it’s too late.
AI can do the dirty work of accounting firm owners! In Episode 315 of the Cloud Accounting Podcast, I asked ChatGPT to fire David Leary as a client. Why? Because he insists on composing all his emails with ALL CAPS ALL THE TIME. The perfect sort of client to fire with AI. ChatGPT wrote a nice email, but it thought David was a vendor, not a client. When prompted, it quickly corrected the error.
Has the manual effort of the invoicing process turned into daunting tasks that are resulting in errors and revenue loss? If so, you’re not alone. According to research, conducted by Levvel Research , 50% of businesses regardless of size (SME, mid-market, enterprises) have yet to automate their accounts payable (AP) processes. The research further concluded that the most common pain points for organizations are manual data entry (71%), manual routing of invoices for approval (61%), and lost or mi
Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.
Do you see sales as a necessary evil in your business? Instead of shying away from it, you can become a master at sales and use that knowledge to grow your business.
Looking for inspiration on how you should structure your accounting practice as your firm grows? A well-defined organizational structure helps ensure your firm completes tasks efficiently and effectively and delivers the highest quality services to your clients. Choosing the most suitable business structure can vary depending on your firm’s size and long-term goals.
Sign up to get free CPE for listening to this podcast [link] Download the Earmark CPE App Apple: [link] Android: [link] Connect with Michael on LinkedIn: [link] Learn more about Reconciled: [link] Connect with Blake Oliver, CPA LinkedIn: [link] Twitter: [link] Michael Ly, founder and CEO of Reconciled, shares his advice for accountants, CPAs, and fellow entrepreneurs who are interested in purchasing a firm, based on his own experience as a buyer in three deals so far.
Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.
Streamline Your Epic Claims Management Process with SSI Integrations [On-Demand Webinar] The SSI Group, LLC (SSI) invites all hospitals and health systems that run Epic as their HIS to watch this on-demand webinar specifically tailored to highlight the available integrations between our systems. In pursuing a frictionless revenue cycle, the ability to work medical claims directly within your Epic system is vital.
Our spotlight of the Insightful Accountant 2022 Top 100 ProAdvisors continues with adding technology founder and Certified QuickBooks ProAdvisor Natalie Browne.
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