Accounting Department
APRIL 18, 2023
Opportunity cost is a concept in business that refers to the value of the best alternative forgone in order to pursue a certain action or decision. It is a crucial element to consider when evaluating the benefits and drawbacks of various options, particularly in business.
Ascend Software blog
APRIL 18, 2023
In today's fast-paced business environment, companies are constantly seeking ways to increase efficiency, reduce costs, and stay competitive. One area where businesses can make significant improvements is in their accounts payable (AP) processes, and automated invoice processing is at the forefront of this transformation.
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Insightful Accountant
APRIL 18, 2023
erplain offers B2B sales and inventory simplified for your small- to medium-sized business using QuickBooks Online.
Dext
APRIL 18, 2023
Our very own Head of Platform and Growth, Mustafa Roomi, shares some exciting and highly-anticipated product news. Hello, I’m Mustafa, and I head up our platform and growth areas as part of the Dext product team. I’ve been at Dext for just over six years, and announcing this brings me a whole lot of joy.
Speaker: Victor C. Barnes, CPA, MBA
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.
Insightful Accountant
APRIL 18, 2023
FFP Wealth Management's John Graziano offers some timely tips you can employ now that tax time is over (sort of).
Gaviti
APRIL 18, 2023
To effectively tackle a recession, it’s essential to understand the economic factors that contribute to it. In the recession we are currently experiencing, interest rates and inflation rates are playing a major role. This blog post will explore various strategies that finance and collections teams can adopt to better handle issues that might arise from these recent unyielding interest rate increases.
Financial Ops World brings together the best financial operations content from the widest variety of thought leaders.
Accounting Tools
APRIL 18, 2023
Related Courses Corporate Finance Essentials of Business Math Financial Analysis What is the Rule of 69? The Rule of 69 is used to estimate the amount of time it will take for an investment to double, assuming continuously compounded interest. The calculation is to divide 69 by the rate of return for an investment and then add 0.35 to the result. Doing so yields an approximately correct estimate of the time period required.
AvidXchange
APRIL 18, 2023
“The Power of Change” podcast delivers insights from industry leaders who embrace change, using it to boost their careers and energize their organizations. In the latest episode, AvidXchange CEO Michael Praeger interviewed Elizabeth Francisco, chief experience officer for Inhabit. The company’s product lineup includes ResMan , a property management platform that Francisco’s led as president and co-founder since 2016.
Accounting Tools
APRIL 18, 2023
Related Courses Business Ratios Guidebook Financial Analysis The Interpretation of Financial Statements What is Net Profit Margin? Net profit margin is the percentage of revenue left after all expenses have been deducted from sales. The measurement reveals the amount of profit that a business can extract from its total sales. The net profit margin is intended to be a measure of the overall success of a business.
Nanonets
APRIL 18, 2023
One important financial document that is common to all businesses is the invoice. The larger the business, the more types of invoices it receives in the course of its operations. The digitization of these varying formats of invoices into a unified system for easy storage and access becomes imperative to the functioning of the establishment. That's where invoice readers come in.
Speaker: Kim Beynon, CPA, CGMA, PMP
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.
dynavistics
APRIL 18, 2023
Microsoft Dynamics GP Electronic Banking feature will increase your ROI. There is a better way to reconcile your bank statements with the Dynamics GP software you already own. The Electronic Bank Reconciliation module in Dynamics GP is easy to set up and can save you a lot of time and headache whether you reconcile monthly, weekly, or even daily. n short, the EBR module automatically reconciles cleared transactions between the checkbook or cash sub-ledger and the bank statement.
Nanonets
APRIL 18, 2023
Automated Clearing House (ACH) payments have become increasingly popular among growing businesses, for their faster processing times, lower fees, and reduced risk of fraud. However, managing ACH payments can be a challenging task for AP teams, especially when dealing with multiple vendors and payment preferences. In this article, we’ll provide a detailed look at how ACH payments work , why they’re better than checks or cards, and how to get started with ACH.
AvidXchange
APRIL 18, 2023
Nonprofits face many of the same challenges as traditional for-profit businesses, yet they also have unique hurdles. This year, some of the top nonprofit trends reflect those of the business community as a whole, while others are isolated to the nonprofit sector. In this piece, we’ll share the top six trends our nonprofit experts have witnessed in the field.
The Successful Bookkeeper
APRIL 18, 2023
Many bookkeepers struggle with staying profitable, and it's often due to how they price their services. This problem stems from clinging to a faulty pricing model. Here's how you can change it for the better.
Speaker: Mark Gilham, FCCA, CPP
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.
AvidXchange
APRIL 18, 2023
Education Week reports that K-12 schools are experiencing a “perfect financial storm” in 2023, stretching already tight resources. As economic conditions force schools to consider layoffs amidst teacher shortages, administrative staff, including financial departments, are bearing the brunt. Schools must invest in automation technology to help financial staff do more with less.
Accounting Tools
APRIL 18, 2023
Related Courses The Balance Sheet What is a Consolidated Balance Sheet? A consolidated balance sheet presents the financial position of an affiliated group of companies. The result is a balance sheet that shows the assets , liabilities , and equity of the group as though they were a single firm. This document is usually presented as part of a complete set of consolidated financial statements.
NACM
APRIL 18, 2023
Credit professionals who have been in the industry for several years have lots of knowledge and expertise in their career. But it's never too late to learn something new—or fine tune those skills you use on a daily basis. Just like a car, even the most reliable tires need to be rotated after a while to keep the machine rolling. "When I got recruite.
Accounting Tools
APRIL 18, 2023
Related Courses Activity-Based Costing Cost Accounting Fundamentals What is Cost Assignment? Cost assignment is the allocation of costs to the activities or objects that triggered the incurrence of the costs. The concept is heavily used in activity-based costing , where overhead costs are traced back to the actions causing the overhead to be incurred.
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Nanonets
APRIL 18, 2023
Paperwork has always been a grave enemy of any business. With the advent of modern technology at every nook and corner, everybody thought that we will truly achieve a paperless environment. However, we are still stuck with a lot of paper trail in any business since many forms and documentation are still done by hand. This is where PDF OCR steps in and presents itself as a game changer for business and personal use in this advanced technological era.
Accounting Tools
APRIL 18, 2023
Related Courses Fixed Asset Accounting Fixed Asset Controls How to Audit Fixed Assets What is the Declining Balance Method? A declining balance method is used to accelerate the recognition of depreciation expense for assets during the earlier portions of their useful lives. This leaves less depreciation expense to be recognized later in their useful lives.
Accounting Tools
APRIL 18, 2023
Related Courses Accounting Procedures Guidebook Bookkeeping Guidebook What are Prepaid Expenses? Prepaid expenses are expenditures that have not yet been consumed, and so are capitalized for a short period of time. They are initially recorded on the balance sheet as current assets , and are later charged to expense. The following procedure shows a consistent way of charging these items to expense.
Accounting Tools
APRIL 18, 2023
Related Courses Accounting for Investments Corporate Finance Treasurer's Guidebook What is the Conversion Ratio? The conversion ratio is the number of common shares that the holder of a convertible security could receive by submitting the security to the issuer for conversion. This ratio applies to convertible bonds and convertible preferred shares.
Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives
Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri
Accounting Tools
APRIL 18, 2023
Related Courses Small Business Tax Guide What is Constructive Receipt? Constructive receipt is a taxation concept under which a taxpayer is assumed to have received income even if the income has not yet been physically received. This income must then be reported for the calculation of income taxes. The concept is used to ensure that tax payments are not unreasonably delayed by taxpayers.
Accounting Tools
APRIL 18, 2023
Related Courses GAAP Guidebook International Accounting What are the International Accounting Standards? International Accounting Standards mandated how various accounting transactions were to be recorded and reported in an organization's financial statements. Their intent was to reduce differences in the accounting for transactions and financial statement presentation around the world, which in turn could improve the investment climate.
Accounting Tools
APRIL 18, 2023
Related Courses The Balance Sheet What is a Paid-In Surplus? A paid-in surplus is the incremental amount paid by an investor for a company's shares that exceeds the par value of the shares. If there is no par value, then the entire amount paid is classified as paid-in surplus. This amount is recorded in a separate equity account , which appears in the balance sheet of the issuer.
Accounting Tools
APRIL 18, 2023
Related Courses Bookkeeping Guidebook Corporate Cash Management How to Audit Cash Optimal Accounting for Cash What is a Petty Cash Fund? A petty cash fund is a small amount of bills and coins that an organization keeps on the premises to pay for minor expenditures. A petty cash custodian is responsible for this fund, and maintains an up-to-date reconciliation of the amount of bills and coins remaining in it.
Speaker: Cheryl J. Muldrew-McMurtry
Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.
Accounting Tools
APRIL 18, 2023
Related Courses Activity-Based Costing Cost Accounting Fundamentals What is a Pool Rate? A pool rate is the application rate used to assign the overhead costs in a cost pool to cost objects. It is calculated by dividing the aggregate cost total in a cost pool by the cost driver assigned to that pool. Example of a Pool Rate Calculation A factory overhead cost pool contains a total of $100,000 of factory overhead costs.
Accounting Tools
APRIL 18, 2023
Related Courses Corporate Cash Management Treasurer's Guidebook What is Physical Sweeping? Physical sweeping is the movement of cash from multiple bank accounts into a single concentration account. This is typically accomplished with a zero-balance account , from which a bank automatically sweeps all cash at the end of the day, and into a concentration account.
Accounting Tools
APRIL 18, 2023
Related Courses Financial Analysis The Interpretation of Financial Statements What are Normalized Earnings? Normalized earnings are an organization’s reported profits , adjusted to remove the impact of seasonality , as well as unusual revenues and expenses. For example, a business might strip out the one-time gain caused by winning a lawsuit, since it does not reflect the operational capabilities of the organization.
Accounting Tools
APRIL 18, 2023
Related Courses Financial Analysis What is the Present Value of an Annuity? The present value of an annuity is the current worth of a series of future cash flows. These cash flows are generated by an annuity financial instrument. The current worth of the cash flows is based on a discount rate selected by the user, such as a targeted return of investment or the current market interest rate (i.e., the interest rate at which you could obtain financing on the open market).
Advertiser: Paycor
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