ProsperOps
APRIL 14, 2023
Join ProsperOps on the expo floor of the Channel Partners Conference & Expo taking place May 1-4 at the Venetian Resort & Expo. ProsperOps is an autonomous cloud cost optimization tool. Our software monitors your cloud usage in real-time and automatically aligns discount instruments (like AWS Reserved Instances and Savings Plans) to generate and returning more savings to your AWS budget — without requiring any ongoing effort!
Enterprise Recovery
APRIL 14, 2023
Accuracy and details are crucial when invoicing business clients on retainer or for goods or services provided by your company. In fact, there are some attributes that can be added to invoices to prompt early payment or at least reduce the risk of late payments. Use these invoicing best practices so your B2B clients pay on time.
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ProsperOps
APRIL 14, 2023
AWS Fest is a FREE virtual event on May 3rd for cloud customers managing their workloads on AWS. The summit offers the most innovative and comprehensive real-life problem-solving topics affecting cloud. The event on May 3rd will focus on AWS compute. It’s a fun event for anyone in the AWS community. There will be live prize giveaways and magical entertainment too!
Accounting Tools
APRIL 14, 2023
Related Courses Accountants' Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook What is Understandability? Understandability is the concept that financial information should be presented so that a reader can easily comprehend it. This concept assumes a reasonable knowledge of business by the reader, but does not require advanced business knowledge to gain a high level of comprehension.
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.
ProsperOps
APRIL 14, 2023
A few weeks ago I published an educational blog on how to maximize Reserved Instance and Savings Plan savings when workload patterns are cyclical. Today, I’m excited to announce the ProsperOps platform has added Advanced Cyclical Optimization Support, which fully implements the concepts described in that blog post. Autonomous, Optimized Coverage for Cyclical Workloads Prior to today, ProsperOps had limited support for cyclical workload patterns, and our ability to cover “above the cycle trough”
Dext
APRIL 14, 2023
Dext wins Great Place to Work Canada award 2023
Financial Ops World brings together the best financial operations content from the widest variety of thought leaders.
Counto
APRIL 14, 2023
Avoiding Common Tax Pitfalls: 5 Tips for Business Owners As a business owner, you understand the value of every dollar and work tirelessly to build and grow your business. However, navigating the complex world of taxes can be overwhelming and time-consuming. With so many potential tax pitfalls, it’s crucial to have a solid understanding of the tax code and how it applies to your business.
Nanonets
APRIL 14, 2023
Salesforce is one of the most popular CRMs used by businesses today. It is the go-to resource for all data concerning contact info, leads, customers, sales, vendors, contracts, invoices, documents, images etc. As part of their workflows, businesses regularly migrate data from Salesforce to ERPs or other business applications. Connecting Salesforce to Excel is often the first step in such complex data migration workflows.
Counto
APRIL 14, 2023
Avoiding Common Tax Pitfalls: 5 Tips for Business Owners As a business owner, you understand the value of every dollar and work tirelessly to build and grow your business. However, navigating the complex world of taxes can be overwhelming and time-consuming. With so many potential tax pitfalls, it’s crucial to have a solid understanding of the tax code and how it applies to your business.
AvidXchange
APRIL 14, 2023
People have used checks as a form of payment since medieval times. Paper checks haven’t changed much since then. But in 2022, the U.S. Treasury Department saw an 84% increase in check fraud, often facilitated by online social networks. Read on to learn how criminals are stealing and “washing” checks, plus what you can do to better secure your company’s finances from this type of fraud.
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 14, 2023
Do you know what the future of accounting looks like? ChatGPT is the technology that will revolutionize the accounting field, making it faster and more efficient than ever before. With ChatGPT, accountants can use computer-aided automation to streamline tasks and processes, leaving more time for analysis and insights. In this article, we'll look at how you can use ChatGPT in accounting to help simplify tedious tasks, generate financial projections quickly, create accurate audit reports, ass
The FinOps Alliance
APRIL 14, 2023
Cloud Sustainability is an important topic. This is not without a reason, since sustainability is key in preserving our planet. The combined world of sustainability and cloud is getting more and more traction. The investments pay off: we get more capabilities to work with and now it’s time to start harvesting. The urgency is also there. ICT, including cloud, is responsible for 3% of the global greenhouse gasses emissions.
Accounting Tools
APRIL 14, 2023
Related Courses Accounting for Income Taxes Small Business Tax Guide The Balance Sheet What is the Provision for Income Taxes? A provision for income taxes is the estimated amount that a business or individual taxpayer expects to pay in income taxes for the current year. The amount of this provision is derived by adjusting the firm’s reported net income with a variety of permanent differences and temporary differences.
Nanonets
APRIL 14, 2023
Documents are ubiquitous in business and serve as the foundation for data, information, and knowledge. From invoices and contracts to emails and memos, documents are an essential part of the daily document processing workflow. According to Statistica.com , there has been an exponential increase in the total amount of data (from various documents) being created, captured, copied, and consumed globally.
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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 Tools
APRIL 14, 2023
Related Courses Bookkeeping Guidebook Corporate Cash Management How to Audit Cash Optimal Accounting for Cash What is the Petty Cash Journal? The petty cash journal contains a summarization of the payments from a petty cash fund. The totals in the journal are then used as the basis for a journal entry into a company's general ledger. This journal entry lists petty cash expenditures by expense type.
NACM
APRIL 14, 2023
? Artificial intelligence is revolutionizing the way credit professionals make business decisions and assess the creditworthiness of customers. Listen to experts talk about how AI is changing the future of finance.? On today's episode of NACM's Extra Credit podcast, hear from Chris Arrington, Yazmin Yepez and Martin Zorn!
Accounting Tools
APRIL 14, 2023
Related Courses Bookkeeping Guidebook What is Product Warranty Cost? Product warranty cost is the charge to expense when a product is replaced under a warranty program. This amount may be charged to expense only when warranty costs are incurred, or it may be set up as an allowance , where a standard amount is charged to expense each month. The latter approach is considered to be more correct accounting, since all related costs are charged to expense when revenue is recognized , rather than at a
NextProcess
APRIL 14, 2023
The Accounts Payable (AP) department is often one of the slowest to switch over to automation software or to update older software solutions. Often, there’s a perception that updating the old way of doing things will cost too much money, eat up too much time, or change the way your company does things. Besides, if the old way isn’t broken yet why fix it?
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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.
Accounting Tools
APRIL 14, 2023
Related Courses Business Combinations and Consolidations Divestitures and Spin-Offs Mergers and Acquisitions What is Pushdown Accounting? Pushdown accounting is a technique used by an acquirer to record the purchase of another entity. Under this approach, the accountant uses the acquiring entity's basis of accounting to prepare the financial statements of the acquired entity.
Nanonets
APRIL 14, 2023
It’s no secret that businesses are always on the hunt for ways to increase revenue. However, many overlook the benefits of tightening their belts and finding ways to save money. That's where business spend management comes in. It's like a financial detective, ferreting out all the sneaky ways your company spends money and subjecting them to deeper scrutiny.
Accounting Tools
APRIL 14, 2023
Related Courses Public Company Accounting and Finance What is Book Building? Book building is the set of activities that an underwriter engages in to determine the price point for an initial public offering. The underwriter contacts institutional investors to ask about the price they are willing to pay for a new offering, and the number of shares they are willing to buy at that price.
Invoicera
APRIL 14, 2023
We all know that cash is king when it comes to running a successful business. But did you know that timely payments are the key to maintaining a healthy cash flow? It’s especially important when you have multiple ongoing projects with different clients. The problem is that manually managing invoices and payments can be a hassle. It’s time-consuming and tedious, leading to payment delays and cash flow issues.
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 14, 2023
Related Courses Cost Accounting Fundamentals Operations Management What is a Production Service Department? A production service department is a group within a factory that does not directly manufacture goods; instead, it provides services to other parts of the factory. These service-focused groups are essential to the operation of a factory, despite their indirect impact on the production of goods.
Accounting Tools
APRIL 14, 2023
Related Courses Public Company Accounting and Finance Segment Reporting Essentials What is a Public Company? A public company is a business that has issued securities through either an initial public offering or following a reverse acquisition of a public shell. In addition, those securities must be trading on either the over-the-counter market or a stock exchange.
Accounting Tools
APRIL 14, 2023
Related Courses Budgeting Financial Forecasting and Modeling What are Projected Financial Statements? Projected financial statements incorporate current trends and expectations to arrive at a financial picture that management believes it can attain as of a future date. At a minimum, projected financial statements will show a summary-level income statement and balance sheet.
Accounting Tools
APRIL 14, 2023
Related Courses Accounting for Inventory How to Audit Inventory What is the Periodic FIFO Method? Periodic FIFO is a cost flow tracking system that is used within a periodic inventory system. Under a periodic system, the ending inventory balance is only updated when there is a physical inventory count. At that time, if units have been consumed, then the costs of the oldest units are removed from the cost layering database for the inventory and charged to the cost of goods sold.
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 14, 2023
Related Courses Operations Management What is Practical Capacity? Practical capacity is the highest realistic amount of output that a factory can maintain over the long term. It is the maximum theoretical amount of output, minus the downtime needed for ongoing equipment maintenance, machine setup time, scheduled employee time off, and so forth. The amount of practical capacity should be incorporated into an organization's budget , so that production is not planned at a level so high that it cann
Accounting Tools
APRIL 14, 2023
Related Courses How to Audit Cash How to Audit Liabilities How to Audit Receivables How to Conduct an Audit Engagement What is a Positive Confirmation? A positive confirmation is an inquiry made by an auditor to a third party that requires a response. The inquiry is in regard to whether the third party's records match those that the auditor is examining.
Accounting Tools
APRIL 14, 2023
Related Courses Fixed Asset Accounting How to Audit Fixed Assets What is a Plant Ledger? A plant ledger is a subsidiary ledger in which fixed asset transactions are recorded. This ledger includes detailed information about each fixed asset, including the acquisition date, asset description, asset location, depreciation , disposition proceeds, purchase cost, and any subsequent capitalized additions to the asset.
Accounting Tools
APRIL 14, 2023
Related Courses Essentials of Marketing What is Promotion Expense? Promotion expense is the cost of items given away to customers. The intent behind issuing these items is to eventually increase sales. The cost of these actions can then be deducted as a business expense; it is usually classified as a marketing expense. The amount of promotion expense is the cost of the goods or services given away; it is not the market value of these items.
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