Xero

OCTOBER 3, 2023

We recently announced at Xerocon Sydney that our team was busy enhancing the AI algorithms that power bank reconciliation in Xero, so it would recognise new contacts in your statement lines (even when they’re not in your contact list). We’re excited to share that this new feature is now live and available to all Xero customers globally. Here’s how it works and how to recognise it when it appears in your bank reconciliation.

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Bank Reconciliation XERO Reconciling Accounting 267

Accounting Today

OCTOBER 3, 2023

The 'beneficial ownership' disclosure requirements are a challenge for both small businesses and accountants.

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Accounting Accounting 305

Xero

OCTOBER 3, 2023

From your local plumber and barber, to your favourite cafe, these small businesses sit at the heart of our communities. They are the ones driving jobs, economic growth and a place for people to come together. These smallest businesses — those employing up to nine people — make up 15% of the UK’s turnover, and provide over a quarter of jobs. But despite this, a “digital drag” is holding the smallest firms back from reaching their full potential.

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XERO Accounting Accounting 236

Accounting Department

OCTOBER 3, 2023

Budgeting is crucial for any business that wants to succeed in the long term. As a business owner or CFO for a small to medium-sized business, you may have experienced the challenges of creating and implementing a budget.

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Budgeting 229

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

OCTOBER 3, 2023

A recent report from credit rating agency Moody's found organizations have increased their spending on cybersecurity by 70% over just four years.

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Ace Cloud Hosting

OCTOBER 3, 2023

Artificial intelligence, a technology that’s been more than just a buzzword in recent years, has laid its foot in the accounting industry. Think about it—every day, we use tools with.

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Accounting Accounting QuickBooks 105

The Successful Bookkeeper

OCTOBER 3, 2023

In today's rapidly evolving digital landscape, ensuring the security of online accounts and the protection of sensitive data have become more critical than ever. This holds particularly true for accounting and bookkeeping firms in the United States, entrusted with the responsibility of safeguarding confidential client information. While traditional password-based authentication methods have been widely utilized, they are increasingly susceptible to various security threats.

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Bookkeeping Account Bookkeeping Accounting Accounting 105

Accounting Today

OCTOBER 3, 2023

Hourly earnings growth slipped at small businesses last month to the slowest pace since September 2021, according to Paychex.

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Payroll Accounting Accounting 177

Insightful Accountant

OCTOBER 3, 2023

While there are a number of dynamics at play, it is how you handle these situations that go a long way in determining if a family business is right for you. Bryan Cytron and Scott Cytron of Cytron and Company explain.

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Accounting Today

OCTOBER 3, 2023

New cybersecurity rules from the SEC have prompted execs to push for stronger protections for their own companies and for third parties they deal with.

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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.

Invoicera

OCTOBER 3, 2023

Whether you have a startup idea or are already running a business and want to improve your finance management, this blog post will be an insightful read for you. Financial management is the most important aspect to grow and make your organization renowned. A report by CB Insights says that 38% of businesses fail because they run out of cash. Any startup that does not plan finances has a very low possibility of becoming successful.

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Budgeting Tax Computation Financial Reporting 59

Accounting Today

OCTOBER 3, 2023

The private equity-backed firm has expanded to the Midwest.

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Insightful Accountant

OCTOBER 3, 2023

MISys is offering a new cloud-hosting option for MISys Manufacturing for deployment with Microsoft Azure.

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Accounting Today

OCTOBER 3, 2023

Your employees' well-being; statutory residency; new blog in town; and other highlights from our favorite tax bloggers.

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Tax 131

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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

Invoicera

OCTOBER 3, 2023

Whether you have a startup idea or are already running a business and want to improve your finance management, this blog post will be an insightful read for you. Financial management is the most important aspect to grow and make your organization renowned. A report by CB Insights says that 38% of businesses fail because they run out of cash. Any startup that does not plan finances has a very low possibility of becoming successful.

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Budgeting Tax Computation Financial Reporting 52

Nanonets

OCTOBER 3, 2023

Today, PDF documents have become a standard format for sharing and preserving information across all organizations. However, sometimes it may be required to extract the text from a PDF file for various reasons like editing, analyzing, or simply copying and pasting the content for the organization's record. There are multiple ways in which text can be extracted from PDF files.

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Computation 52

Insightful Accountant

OCTOBER 3, 2023

Our 'Future Forward 2023 Rewind' continues with a deep dive into the real-world power of AI and how it can help you.

Accounting 52

Accounting Accounting 52

Accounting Tools

OCTOBER 3, 2023

Related Courses Fair Value Accounting What are Market Participants? Market participants are those buyers and sellers transacting business in the principal market for an asset or liability. These participants are not related parties, have a reasonable understanding of the asset or liability, are capable of entering into a transaction to buy or sell the item, and are motivated to do so.

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Accounting Accounting 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

Compleatable

OCTOBER 3, 2023

The news is out- Compleat Software will be exhibiting at the Schools & Academies Show 2023! This year’s show will be held on the 22nd November 2023 at the NEC, Birmingham, and will see more than 3,000 attendees from a range of backgrounds, including representatives from schools, academies, MATs, local authorities, central government, specialist charities and the wider education sector.

Budgeting 20

Budgeting 20

Accounting Tools

OCTOBER 3, 2023

Related Courses Bookkeeping Guidebook New Controller Guidebook The Problem With Numeric Account Codes The typical account code structure uses a four or five digit numeric code that describes a primary account, followed by a hyphen, and then a two or three digit numeric code that describes a department. Historically, these codes have been stated in a numeric format.

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Computation Accounting Software Bookkeeping Accounting 40

Blake Oliver

OCTOBER 3, 2023

The economy these days is a bit like listening to talk radio - lots of conflicting voices making big claims. So I turned to economist Liz Wilke, Chief Economist at Gusto, to get an expert read on where we're headed. I recently spoke with Liz on an episode of The Accounting Podcast. Despite the economic rollercoaster of the past year, she offered reassuring and level-headed views.

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CPA Accounting Accounting 24

Accounting Tools

OCTOBER 3, 2023

Related Courses Bookkeeping Guidebook New Controller Guidebook A three digit chart of accounts allows a business to create a numerical sequence of accounts that can contain as many as 1,000 potential accounts. The three-digit format is most commonly used by small businesses that do not break out the results of any departments or divisions in their financial statements.

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Petty cash Computation Accounting Accounting 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.

NACM

OCTOBER 3, 2023

NACM's Professional Certification Program gives credit professionals a space to create connections while mastering the tools needed for success in the B2B credit world. With six levels of certification, credit professionals can earn credentials along with several benefits such as new career opportunities, leadership recognition and mastery in the p.

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5

Accounting Tools

OCTOBER 3, 2023

Related Courses Business Insurance Fundamentals What is a Coverage Period? A coverage period is the period of time during which an insured event is protected by an insurance contract. Outside of the coverage period, a loss is not covered by such a contract. From a loss prevention perspective, it can make sense for an insured party to have a procedure in place to always verify when coverage periods expire, so that replacement contracts can be obtained with enough time to avoid a loss of coverage.

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Accounting Today

OCTOBER 3, 2023

Tuesday will start off with more testimony from his former accountant Donald Bender. The next witness is expected to be Camron Harris, an audit partner with Trump's new accounting firm Whitley Penn LLP.

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Auditing Accounting Accounting Financial Reporting 164

Accounting Tools

OCTOBER 3, 2023

Related Courses Bookkeeping Guidebook New Controller Guidebook The number of digits used to describe each account in a chart of accounts drives the level of detail that can be recorded. A five digit chart of accounts is used by organizations that want to track information at the departmental level. With a five-digit code, they can produce separate income statements for each department.

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Petty cash Accounting Accounting Computation 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

Cloud Accounting Podcast

OCTOBER 3, 2023

Blake and David cover a plethora of topics including positive customer experiences, legal rulings, top cities for accountants, and the pressure on Intuit from major banks. They also dig into the discovery of a large sum of cash at a senator's home, how Trump defrauded the banks, another potential government shutdown, and the accounting talent crisis.

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Accounting Accounting Auditing AP 46

Accounting Tools

OCTOBER 3, 2023

Related Courses Bookkeeping Guidebook New Controller Guidebook The number of digits used to describe each account in a chart of accounts drives the level of detail that can be recorded. The seven digit chart of accounts is needed by larger organizations in which management wants to track information about departments within divisions. The seven-digit coding structure requires the coding used for a five digit system as its baseline, plus two additional digits that are placed to the left of the fi

Petty cash 40

Petty cash Computation Accounting Accounting 40

Accounting Today

OCTOBER 3, 2023

GOP members of Congress are demanding answers from the Internal Revenue Service about the backlog in processing claims for the Employee Retention Credit, only weeks after the IRS imposed a moratorium.

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Tax 311

Accounting Tools

OCTOBER 3, 2023

Related Courses Bookkeeping Guidebook New Controller Guidebook A major fear of any controller is that invoices will inadvertently not be issued to customers after products or services have been provided to them. A discussion of the issues causing missed billings and their resolution follows. Customer Pick-Ups Customers may elect to pick up goods at the shipping dock or even at the front desk.

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Billing Invoicing Bookkeeping 40

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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.