Accounting Today

NOVEMBER 14, 2023

Commissioner Danny Werfel and Taxpayer Advocate Erin Collins discussed the enhancements the IRS has been making thanks to the additional billions of dollars of funding.

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Tax 318

Xero

NOVEMBER 14, 2023

Many governments around the world are introducing eInvoicing as a way to drive digitisation of the small business economy, with some regions even mandating its use. While it’s still early days in the UK, we expect that eInvoicing will eventually become a global best practice standard and a natural part of the cloud accounting process. Today, we’re excited to share that we are the first major small business accounting software company to launch eInvoicing in the UK.

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Accounting Today

NOVEMBER 14, 2023

Average audit fees increased by 4.6% from 2021 to 2022, and more auditors are using data analytics in their audits, according to a new report.

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Auditing 309

Xero

NOVEMBER 14, 2023

We’re very excited to reveal the global and regional winners of the inaugural Xero Beautiful Business Fund – each of whom will receive a share of the NZ$750,000 global prize pool. After receiving a massive 5,500+ applications across four categories and seven countries, our regional and global judging panels have selected a total of 28 winners.

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XERO 246

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

Accounting Today

NOVEMBER 14, 2023

Microsoft's recent embroilment with the IRS highlights the dangers of this tax strategy for multinational companies.

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Accounting Department

NOVEMBER 14, 2023

As a small and medium-sized business (SMB) owner, managing your cash flow and expenses is crucial to keep your business afloat and profitable. But in today's ever-changing business landscape, controlling costs is easier said than done.

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Outsourced Bookkeeping Bookkeeping Services Account Bookkeeping Bookkeeping 238

Xero

NOVEMBER 14, 2023

We recently launched a new initiative, the Xero Beautiful Business Fund , providing more than R8,000,000 in funding globally to our small business customers in South Africa, Australia, New Zealand, Singapore, the UK, Canada and the US. We received a huge number of applications from a diverse range of Xero customers, all doing amazing things. There were 28 winners overall, including four South African winners who were recognised for best demonstrating, in a 90 second video, how they would use the

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XERO 189

Accounting Today

NOVEMBER 14, 2023

There is a distinction between traditional automation and AI that's important, especially in the context of tax management.

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Tax 188

Xero

NOVEMBER 14, 2023

We recently launched a new initiative, the Xero Beautiful Business Fund , providing more than R8,000,000 in funding globally to our small business customers in South Africa, Australia, New Zealand, Singapore, the UK, Canada and the US. We received a huge number of applications from a diverse range of Xero customers, all doing amazing things. There were 28 winners overall, including four South African winners who were recognised for best demonstrating, in a 90 second video, how they would use the

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XERO 130

Accounting Today

NOVEMBER 14, 2023

The Top 50 Firm is expanding its presence in the Bay Area, effective Dec. 1.

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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.

Insightful Accountant

NOVEMBER 14, 2023

Intuit (NASDAQ: INTU) introduced new innovations at QuickBooks Connect to serve accountants and small businesses via QuickBooks online ecosystem.

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Accounting Today

NOVEMBER 14, 2023

The big AI question; staff pay; sourcing nonresident income; and other highlights from our favorite tax bloggers.

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Tax 136

Nanonets

NOVEMBER 14, 2023

Introduction Hey Sam! Ever felt like you're juggling too many balls in the air, trying to keep that sales pipeline flowing without a spill? In the ever-evolving world of sales, where targets loom large and time is of the essence, it's crucial to have the right quiver of tools at your disposal. But here’s the deal—finding the best sales pipeline management tools isn't just about staying ahead; it's about revolutionizing your approach.

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Insightful Accountant

NOVEMBER 14, 2023

For the next few months, accountants are fielding calls and emails with a tinge of desperation around payroll books that are a mess and reporting deadlines that seem impossible to meet. Let’s bring some peace to this process.

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Payroll Accounting Accounting 97

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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

Ace Cloud Hosting

NOVEMBER 14, 2023

Understanding QuickBooks cloud hosting pricing is as complex as a game of Monopoly – it can seem confusing and intricate with no clear path to success. However, it doesn’t have.

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QuickBooks 81

Nanonets

NOVEMBER 14, 2023

Introduction Every day, businesses around the world, generate and share millions of invoices for the buying and selling of goods or services. Invoicing is the cornerstone of how businesses across the globe operate. Yet, this key process has traditionally been carried out manually through time and labor-intensive processes which can be heavily error-prone.

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Insightful Accountant

NOVEMBER 14, 2023

Burnout not only affects individual well-being but can also lead to reduced profitability and higher turnover rates for accounting firms. In this article, we will explore seven strategies to avoid tax season burnout in 2024 and beyond.

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Tax Accounting Accounting 52

Nanonets

NOVEMBER 14, 2023

Accounts Payable (AP) processes are an important function for every business, overseeing the outgoing payments to suppliers and vendors. Traditionally tackled through manual processes, digital transformation is now at the forefront of AP, with technologies like AI and ML revolutionizing how businesses manage their finances.  In an era where digital transformation is reshaping every aspect of business operations, the role of Accounts Payable (AP) is also undergoing a significant evolution.

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Accounts Payable Accounts Payable AP Invoice Processing 52

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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

Plooto

NOVEMBER 14, 2023

From accountants to CFOs, small business finance teams are the unsung heroes of the global economy.

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Accounting Accounting 52

Nanonets

NOVEMBER 14, 2023

E-Procurement, also known as supplier exchange, is the use of digital tools and technologies to streamline and automate the requisition, ordering, and purchasing of goods and services in a business-to-business context. Although the origin of E-Procurement can be traced to the 1960s with the advent of Electronic Data Interchange (EDI) , it has evolved into a sophisticated process employing online catalogs, bids, purchase orders, and invoices in the 21 st century.

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Purchase Order Vendor Management Invoicing Collections 52

Xero

NOVEMBER 14, 2023

We’re excited to announce that we’ve launched a new tax manager feature in Xero HQ that will give you a real-time view of your tax obligations for company tax, company accounts, personal tax and VAT — all in one place. This means that as an accountant or bookkeeper in the UK, you won’t have to use three different dashboards to get the information you need.

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XERO Tax Bookkeeping Invoicing 193

Nanonets

NOVEMBER 14, 2023

Self-billing refers to the situation in which, a customer, not the supplier, takes charge of invoicing. Consider a small manufacturing business that supplies components to a larger assembly plant. Instead of the supplier crafting and sending invoices, the assembly plant prepares the invoices and sends them along with payments. This shift in responsibility simplifies the process and ensures a consistent cash flow for the supplier.

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Billing Invoice Processing Invoicing Record Keeping 52

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.

Xero

NOVEMBER 14, 2023

We’re excited to announce that we’ve launched a new tax manager feature in Xero HQ that will give you a real-time view of your tax obligations for company tax, company accounts, personal tax and VAT — all in one place. This means that as an accountant or bookkeeper in the UK, you won’t have to use three different dashboards to get the information you need.

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XERO Tax Bookkeeping Invoicing 176

Nanonets

NOVEMBER 14, 2023

Enterprise Resource Planning or ERP are software solutions that are a centralized hub for managing an array of essential business functions. These encompass everything from accounting and procurement to project management, risk management, compliance, human resources management and supply chain operations.  ERP systems connect and synchronize the different business processes, enabling consolidation of transactional data from diverse sources.

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Accounting Today

NOVEMBER 14, 2023

Central to the case are the statements of financial condition Trump had his accountants at Mazars USA LLP send to lenders detailing his assets and their values.

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Accounting Accounting Financial Reporting 120

Nanonets

NOVEMBER 14, 2023

Introduction Hey Sam! Ever felt like you're juggling too many balls in the air, trying to keep that sales pipeline flowing without a spill? In the ever-evolving world of sales, where targets loom large and time is of the essence, it's crucial to have the right quiver of tools at your disposal. But here’s the deal—finding the best sales pipeline management tools isn't just about staying ahead; it's about revolutionizing your approach.

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Billing Customer Service Collections Accounting 52

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

Nanonets

NOVEMBER 14, 2023

In an increasingly interconnected global  economy, international accounts are a usual part of most business operations. Whether you are a startup catering to multiple markets or a well-established corporation with a global supplier network, understanding the intricacies of international invoice processing is essential for your financial operations to run efficiently.

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Accounts Payable Accounts Payable AP Accounting 52

Nanonets

NOVEMBER 14, 2023

Business Email Compromise (BEC) is a cyber threat that exploits the vulnerabilities of email communication. In business operations, BEC is often used to manipulate individuals within an organization for financial fraud or unauthorized access to sensitive information. Perpetrators impersonate trusted entities, such as executives or vendors, employing social engineering techniques to coerce employees into compromising actions.

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Nanonets

NOVEMBER 14, 2023

All organizations, irrespective of size, deal with a myriad of documents that contain vital information and data required for its functioning.  Daily inundated with data in varied forms, manual management of documents and data can easily overwhelm teams, leading to confusion and inefficiency. Automated and digitized document management can circumvent many of the difficulties of document management.

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Invoicing Accounts Payable Accounts Payable Auditing 52

Nanonets

NOVEMBER 14, 2023

When your company’s procurement strategy is aligned with business goals, there may be a 4x higher return on investment. But a procurement strategy may have several potential objectives: the focus may be on innovation, or on cost reduction, or vendor relationships, geographical distance and location, or any combination of these and other factors.

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Purchase Order Budgeting Manager Budgeting Invoicing 52

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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.