Thu.Jul 13, 2023

article thumbnail

Boston offers tax breaks to turn empty offices into housing

Accounting Today

Mayor Michelle Wu's proposal is the latest example of a city seeking to address the challenges of remote work hitting downtowns and a lack of affordable residences.

Tax 245
article thumbnail

Understanding the Important Roles of Inventory Management in E-Commerce Accounting

Accounting Department

This article recaps the important role of inventory management in e-commerce and the vital ways it helps businesses control costs and improve customer relationships.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Senate report confirms data leakage from tax software

Accounting Today

A Senate investigation has concluded that major tax software providers have been sending sensitive personal information to tech companies like Meta and Google.

Tax 246
article thumbnail

Business as usual for Xero Mid-Size Firm of the Year winners: Sempar Accountancy and Tax

Xero

Sempar Accountancy and Tax have been crowned the Xero Mid-size Firm of the Year at the 2023 Xero Awards for UK and Ireland. This award recognises their innovative practice and unwavering commitment to delivering exceptional client service. We take a look at what sets Sempar apart, and how the firm has helped their clients achieve their business goals.

XERO 199
article thumbnail

Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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.

article thumbnail

Congress proposes tax relief to spur U.S-Taiwan trade

Accounting Today

A draft of legislation aims at reducing double taxation for employees and businesses involved in cross-border investment between the two countries

Tax 246
article thumbnail

2028 and Beyond Poll - Dynamics GP Partners

Fidesic blog

Microsoft Partners, We have launched a 6-question poll series exclusively on LinkedIn to find out where how the Dynamics GP Community is preparing for 2028 and Beyond. Check out and follow #2028andBeyondPoll for the current question.

AP 130

More Trending

article thumbnail

Talent Attraction and Retention Using Bonuses

Reconciled Solutions

If you want to pay a bonus outside of your regular payroll, you should run a bonus payroll in Gusto. Here are some tips for doing it right. The post Talent Attraction and Retention Using Bonuses appeared first on Reconciled Solutions.

article thumbnail

Tax Fraud Blotter: Concrete evidence

Accounting Today

Poor Quality; for king and country and cash; a penny saved; and other highlights of recent tax cases.

Tax 246
article thumbnail

Bridging the Gap: Between the Generations

Insightful Accountant

'The Unique CPA Conference 2023' unites accounting professionals seeking to enhance their careers and contribute to the advancement of the accounting profession.

CPA 82
article thumbnail

There's no excuse for ignorance: Tax tools from the IRS

Accounting Today

The service offers a wealth of resources that can be enormously useful to tax practitioners.

Tax 189
article thumbnail

Predictions You Can Rely On: How Data Drives Successful Financial Forecasting

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.

article thumbnail

How to Build a Dream Accounting Team

LedgerDocs

Every successful business has been built on the back of a strong accounting and bookkeeping team. A strong financial team should be instrumental in ensuring that the books are accurate, the business is remaining compliant with tax regulations and is profitable and they are leading the charge in financial decision-making. But to create such successful bookkeeping requires planning, strategic hiring, and creating an environment that encourages collaboration and personal development.

article thumbnail

How a £10B tax trade unraveled for a commodities house

Accounting Today

The Cum-Ex strategy ultimately landed ED&F Man in the middle of one of the biggest financial scandals in modern European history.

Tax 130
article thumbnail

The difference between capital expenditures and revenue expenditures

Accounting Tools

Related Courses Accountants’ Guidebook Bookkeeping Guidebook Fixed Asset Accounting Capital expenditures are for fixed assets , which are expected to be productive assets for a long period of time. Revenue expenditures are for costs that are related to specific revenue transactions or operating periods, such as the cost of goods sold or repairs and maintenance expense.

article thumbnail

How the cloud impacts the financial services industry

Accounting Today

Today's leading cloud service platforms offer a multitude of tools that make it easier to leverage best-in-class technology with minimal IT management.

article thumbnail

Your New & Improved Month-End Close Process Is Not So Far Out of Reach!

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!

article thumbnail

The formula for the future value of an annuity due

Accounting Tools

Related Courses Excel Formulas and Functions Financial Analysis Introduction to Excel What is the Formula for the Future Value of an Annuity Due? Future value is the value of a sum of cash to be paid on a specific date in the future. An annuity due is a series of payments made at the beginning of each period in the series. Therefore, the formula for the future value of an annuity due refers to the value on a specific future date of a series of periodic payments, where each payment is made at the

article thumbnail

Curating your client base

Accounting Today

Seven ways to attract the right clients — and let go of the rest.

130
130
article thumbnail

Cash flow to debt ratio

Accounting Tools

Related Courses Business Ratios Guidebook The Interpretation of Financial Statements What is the Cash Flow to Debt Ratio? The cash flow to debt ratio reveals the ability of a business to support its debt obligations from its operating cash flows. This is a type of debt coverage ratio. A higher percentage indicates that a business is more likely to be able to support its existing debt load.

article thumbnail

Diagnose Your Apps from 'My Apps'

Insightful Accountant

This new app dashboard keeps you better informed regarding app-related connection issues.

85
article thumbnail

The Definitive Guide to Spend Management

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.

article thumbnail

A New Formula For Businesses To Follow In Pursuit Of Profit

Reconciled Solutions

Profit First asserts that we need to flip the generally accepted accounting principle for profit around. Here's why it works. The post A New Formula For Businesses To Follow In Pursuit Of Profit appeared first on Reconciled Solutions.

article thumbnail

Leveraging the Power of Medical Claim Edits: Expediting Payments for Hospitals and Health Systems

SSI Healthcare Rev Cycle Solutions

Leveraging the Power of Medical Claim Edits: Expediting Payments for Hospitals and Health Systems Home / July 13, 2023 As hospitals and health systems strive to optimize revenue cycle management, the role of edits in streamlining claims processing and expediting payments has become increasingly crucial. Medical claim edits serve multiple purposes, from preventing denials to ensuring compliance with regulations and enhancing revenue capture and standardization.

article thumbnail

Optimizing Expense Workflows by Detecting Duplicate Receipts

Nanonets

In the digital age, businesses rely on efficient expense management processes to maintain accurate financial records and ensure smooth operations. However, one challenge that organizations often encounter is the presence of duplicate receipts. These duplicates can lead to errors in reimbursement calculations, compliance concerns, and inefficient use of resources.

article thumbnail

How Real Estate Companies Are Using Technology Post-COVID

AvidXchange

Although the COVID-19 Public Health Emergency has officially ended , workers and organizations in the real estate industry continue to grapple with the fallout. The residential real estate market reached staggering highs during the pandemic while commercial real estate suffered a lasting blow. Businesses in the industry are currently navigating the move towards hybrid work amidst a critical talent shortage and a surge in demand for rental property management.

AP 52
article thumbnail

Navigating Financial Storms: Strategies for Building Resilient Balance Sheets

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.

article thumbnail

From Bookkeeper to Marketer: My Journey, Content Tips, and Tech Tools

Blake Oliver

Thanks, Meryl Johnston , for having me on the Lifestyle Accountant Show! As an entrepreneur wearing multiple hats, I discussed how I manage my time across various projects and businesses, my transition from running a cloud bookkeeping firm to focusing on product marketing, and my approach to content creation and leveraging technology. In the episode, Meryl and I talk about: My journey from founding one of the first cloud bookkeeping firms in North America to now running an educational software s

article thumbnail

5 Ways to Amplify Tech ROI

AvidXchange

The digital transformation of the finance function is top of mind for chief financial officers (CFOs). Not only do they want to drive growth, but amid economic headwinds and a tight labor market, they’re also looking for opportunities to create efficiencies. In a recent AvidXchange survey of finance professionals, 70% of respondents said investing in technology is a medium to high priority for their organization in 2023.

AP 52
article thumbnail

Leveraging the Power of Medical Claim Edits: Expediting Payments for Hospitals and Health Systems

SSI Healthcare Rev Cycle Solutions

July 13, 2023 Leveraging the Power of Medical Claim Edits: Expediting Payments for Hospitals and Health Systems As hospitals and health systems strive to optimize revenue cycle management, the role of edits in streamlining claims processing and expediting payments has become increasingly crucial. Medical claim edits serve multiple purposes, from preventing denials to ensuring compliance with regulations and enhancing revenue capture and standardization.

article thumbnail

Building Digital Skills in Community Association Management

AvidXchange

The community association management (CAM) industry is caught between a rock and a hard place. In a study by the Foundation for Community Association Research (FCAR), 91% of respondents said they’ve seen expenses increase in 2023, a byproduct of rising material costs and inflation. Still, they’re under pressure to keep fees low while delivering the same services and amenities their homeowners have come to expect.

AP 52
article thumbnail

Putting the ‘Tech’ in Spend Management Techniques

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!

article thumbnail

Datadog Pricing Explained

finout

Discover Datadog pricing, explore debug, metrics, and monitoring features, and gain strategies to optimize Datadog costs without compromising functionality.

FinOps 52
article thumbnail

Driving Digital Skills for Real Estate Finance Staff 

AvidXchange

The real estate industry is experiencing a digital skills gap. There is a disparity between the skills and knowledge that employees possess and those required to thrive in a digital-first economy. This skills gap is especially pronounced in finance departments, where automation and artificial intelligence (AI) are driving efficiencies, yet only 18% of staff demonstrate digital competency, according to Gartner.

AP 52
article thumbnail

Datadog Debug Pricing

finout

Discover Datadog pricing, explore debug, metrics, and monitoring features, and gain strategies to optimize Datadog costs without compromising functionality.

FinOps 52
article thumbnail

Merchant Accounts: Improve Cash Flow and Convenience

AvidXchange

Merchant accounts are an important tool for businesses today. In a world where cash and check payments are steadily declining, these accounts enable businesses to accept card-based transactions. Merchant accounts make payment processing more efficient for suppliers, speed up cash flow, improve customer satisfaction and open new revenue opportunities.

article thumbnail

Book of Secrets for the Month-End Close

Developing a consistent month-end close doesn’t need to be a mystery. We’re sharing our top 10 secrets (plus one bonus!) for streamlining your close.