Xero
APRIL 12, 2023
It wasn’t that long ago that you needed to take out a credit card and enter the number every time you wanted to pay for something online. Today, you can instantly complete purchases in a few clicks, like Amazon’s ‘buy now’ express button. This is an early example of embedded finance — one of the top fintech trends that is changing the way people use and move money.
Accounting Department
APRIL 12, 2023
Capital budgeting involves analyzing, evaluating, and prioritizing investment decisions for large-scale projects that typically require significant capital from a business. This could include new office or warehouse space, fixed assets, or real estate. Capital budgeting provides businesses with a way to determine the best use of capital to increase the overall value of a business - a strategy that is useful to businesses of all sizes.
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Future Firm
APRIL 12, 2023
Ready to set your accounting firm apart from the rest? In today’s episode, learn how you can stand out from other accounting firms and charge more while providing added value to your clients. Listen below. 0:34 – In this episode, I discussed how labeling and monthly packages devalue accounting services and create competition among firms. 1:15 – Many accounting firms use a 3-tiered approach with Gold, Silver, and Bronze plans, but the issue lies in labeling services as a list of
Cloud Accounting Podcast
APRIL 12, 2023
We’re joined by Heidi Henderson, EVP at Engineered Tax Services, for our weekly roundup of news at the intersection of accounting and technology. Topics include: How the IRS plans to spend $80 billion over the next 10 years; the top five TikTok tax myths; security issues with AI chatbots; CLA voices support for MNCPA’s 150-hour alternative; why revenue is up 20% in the top 100 firms, and more!
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.
Insightful Accountant
APRIL 12, 2023
The seventh annual "401(k) Plan Benchmark Report" shows the leading industries for 401(k) plans, with accounting professionals at the top of the list.
Accounting Tools
APRIL 12, 2023
Related Courses Bookkeeper Education Bundle Bookkeeping Guidebook What is the Cash Basis of Accounting? The cash basis of accounting is the practice of recording revenue when cash has been received, and recording expenses when cash has been paid out. The cash basis is commonly used by individuals and small businesses (especially those with no inventory ), since it involves the simplest accounting.
Financial Ops World brings together the best financial operations content from the widest variety of thought leaders.
Outsourced Bookeeping
APRIL 12, 2023
Every business operation requires an essential aspect known as the order-to-cash cycle. It is a process that initiates with an order received from a customer and ends with the successful collection of payment from them. Accounts receivable management and payment collection from customers are crucial steps in this cycle. Optimize Your Order-To-Cash Cycle With These 4 Accounts Receivable Tips To increase business efficiency and enhance cash flow , it is crucial to streamline the accounts receivabl
Insightful Accountant
APRIL 12, 2023
What happened to tracking time for purposes of tracking time, not payroll? Apps seem to have forgotten the history of time tracking in QuickBooks.
AvidXchange
APRIL 12, 2023
Company Profile: Founded in 1980 and headquartered just outside of Washington, D.C., Gates Hudson is a privately-held real estate services company with more than 700 employees. Within its umbrella of companies is Gates Hudson Community Management (GCHM), a premier full-service association management company that specializes in providing financial management and residential services to condominium, cooperative and homeowner associations throughout the Washington, D.C. metro area.
LedgerDocs
APRIL 12, 2023
Navigating the numerous tax deductions available in Canada can be a daunting task. From charitable donations and home renovations to medical expenses and more, there are a plethora of credits and deductions that can help your clients reduce their tax bill this tax season. However, with proper planning and organization, you can gather all the necessary documentation to take full advantage of these benefits and ensure your clients receive the best possible return.
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.
Nanonets
APRIL 12, 2023
Tail spend, the long-tail of a company's procurement expenditure which has become increasingly important in recent years as companies seek to optimize their procurement processes and reduce costs. Often representing over 80% of total transactions, tail spend includes low-value purchases that are fragmented across multiple departments and suppliers, making it difficult to manage and control.
Earmark Accounting Podcast
APRIL 12, 2023
In this episode, Blake and Ron Baker discuss the subscription economy. They delve into the origins of the terminology and how CPAs and accountants can provide more value to their clients by prioritizing relationships over services. This is a must-listen for anyone interested in the subscription industry, which is projected to surpass $1 trillion by 2025.
Nanonets
APRIL 12, 2023
Spend management has become increasingly important for businesses today as it enables them to control costs, improve procurement processes, and optimize profitability. According to a McKinsey report , spend management is the “forgotten hero” of business and marketing excellence, freeing up as much as 20% of budgets to serve as a catalyst for organizational growth.
Jetpack Workflow
APRIL 12, 2023
Podcast Summary Join us today as we talk with Mark Stovel and his proven systems that help accountants take home $250k annually. We’ll talk through equity positions, win-wins, and much more. About Mark Stovel Simply put, Mark helps accountants take home $250k annually. After launching his firm in 2017, Gyroscope Accounting was acquired in 2021. Now, Mark helps clients through coaching.
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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!
Nanonets
APRIL 12, 2023
The global SaaS industry is projected to grow from $251.17 billion in 2022 to $883.34 billion by 2029, at a CAGR of 19.7%. Businesses regularly purchase SaaS subscriptions to manage various operations, which leads to its own overhead. Purchases may be made in silos with the procurement or finance teams, leading to low visibility and accountability. SaaS spends can thus increase rapidly, leading to poor ROI and other business risks.
Economize
APRIL 12, 2023
Organizations moving to the cloud need to have a clear understanding of the different cloud cost models available to them to ensure that they optimize costs and resource utilization. In this article, we will explore the four main cloud cost models - On-Demand, Reserved Instances, Spot Instances, and Savings Plans - and their management strategies.
Bookkeeping Express
APRIL 12, 2023
Payroll management can be complex and time-consuming, but accurate and timely reporting is critical for ensuring employee satisfaction and maintaining compliance with the relevant authorities. If a business is unable to reliably keep an accurate running total of employee hours, withholding obligations, sick days, vacation days, health benefits, retirement plans, bonuses, and any other details specific to their individual situation, they are destined to make mistakes on all fronts, and expose the
CloudZero
APRIL 12, 2023
YouTube. Netflix. Uber. Spotify. TikTok. You name it. You sign up and get your own account. Once you set it up however you want, you can access it from any internet-enabled device, including smartphones and smartwatches.
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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.
Tipalti
APRIL 12, 2023
Looking for accounting software that will grow with your business? Read our in-depth guide on the best accounting software for SaaS companies.
IPS
APRIL 12, 2023
ALERT: More fraudsters are stealing mail with the goal of ripping off businesses like yours.
Accounting Tools
APRIL 12, 2023
Related Courses How to Conduct a Compilation Engagement How to Conduct a Review Engagement How to Conduct an Audit Engagement What are Statements on Auditing Standards? The Statements on Auditing Standards are used by auditors as a source of information regarding how to conduct and report on audits of their non-public clients. These standards are promulgated by the Auditing Standards Board, which is associated with the American Institute of Certified Public Accountants ( AICPA ).
Accounting Tools
APRIL 12, 2023
Related Courses Constraint Management What is Idle Capacity? Idle capacity is the remaining amount of capacity left in a company after productive capacity and protective capacity have been eliminated from consideration. Productive capacity is that portion of a work center's total capacity needed to process currently scheduled production, while protective capacity is additional capacity held in reserve to ensure that a sufficient quantity of parts can be manufactured to adequately feed the bottle
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.
Accounting Tools
APRIL 12, 2023
Related Courses Corporate Cash Management Corporate Finance Treasurer's Guidebook What is Mezzanine Financing? Mezzanine financing is a form of funding that is positioned partway between the equity financing and debt financing used by a business. It is designed to provide cash to an existing business that requires the funds to grow, or for a corporate restructuring.
Accounting Tools
APRIL 12, 2023
Related Courses GAAP Guidebook International Accounting What is the GAAP Codification? The GAAP codification is the primary source of all accounting standards contained within Generally Accepted Accounting Principles. The intent of the codification is to organize the thousands of page of accounting standards that had been promulgated over the years by a variety of committees and entities, such as statements of accounting standards, technical bulletins, practice bulletins, consensus positions, an
Accounting Tools
APRIL 12, 2023
Related Courses How to Conduct a Compilation Engagement How to Conduct a Review Engagement How to Conduct an Audit Engagement What is an Audit Adjustment? An audit adjustment is a proposed correction to the general ledger that is made by a company's external auditors. The auditors may base the proposed correction on evidence found during their audit procedures , or they may want to reclassify amounts into different accounts.
Accounting Tools
APRIL 12, 2023
Related Courses Accountants' Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook What is Expense Recognition? Expense recognition is the act of converting an asset into an expense. This is done when the utility of an asset has been consumed. Expense recognition can arise on a delayed basis, when expenditures are made for assets that are not immediately consumed.
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 Tools
APRIL 12, 2023
Related Courses Accounting for Inventory Cost Accounting Fundamentals Cost Management Guidebook What are Prime Costs? Prime costs are the costs directly incurred to create a product or service. These costs are useful for determining the contribution margin of a product or service, as well as for calculating the absolute minimum price at which a product should be sold.
Accounting Tools
APRIL 12, 2023
Related Courses Business Ratios Guidebook The Interpretation of Financial Statements What is the Dividend Yield Ratio? The dividend yield ratio shows the proportion of dividends that a company pays out in comparison to the market price of its stock. Thus, the dividend yield ratio is the return on investment to an investor if the investor were to have bought the stock at the market price on the measurement date.
Accounting Tools
APRIL 12, 2023
Related Courses Bookkeeping Guidebook The Balance Sheet Petty cash appears within the current assets section of the balance sheet. This is because line items in the balance sheet are sorted in their order of liquidity. Since petty cash is highly liquid, it appears near the top of the balance sheet. However, the balance in the petty cash account is so small that it is rarely listed on the balance sheet as a separate line item.
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