Mon.May 01, 2023

article thumbnail

Planday has arrived in Australia. Is it right for your business?

Xero

Managing people is one of the biggest challenges faced by small businesses. The complexity of payroll obligations makes this even more of a burden. In fact, last year we surveyed small businesses across Australia and found that 37% were worried they would accidentally pay their staff incorrectly. To ease the burden on employers, we’ve introduced an online workforce solution: Planday.

XERO 264
article thumbnail

How Intuit is “democratizing” AI-driven product development

Intuit

When AI became an established field in the 1950s, it lived in the R&D labs of universities and government agencies. When it started being commercialized some 50 years later, it still had a lab-like existence, accessible to a small number of scientists with specialized training. But today, the lab walls are coming down. A developer no longer needs a Ph.D. to create meaningful solutions with AI.

professionals

Sign Up for our Newsletter

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

article thumbnail

Unlock Maximum E-Commerce Profits With These 6 Tips on Accounting for Amazon Product Rebates

Accounting Department

A product rebate on Amazon is a type of promotion offered by manufacturers or sellers to incentivize customers to purchase their products. It typically involves offering a partial refund or discount on the purchase price of the product, either at the time of purchase or after the purchase has been made.

article thumbnail

Intuit Celebrates Third Annual Small Business Success Month in May

Insightful Accountant

By highlighting stories of small business success and driving conversations, Intuit aims to help the small business community thrive.

98
article thumbnail

Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

article thumbnail

Expense Report

Tipalti

Expense reports are critical to any business’s operating finances. Learn what expense reports are and how to fill one out, with examples and a template.

article thumbnail

Fyle Making SMB Expense Management Fast, Easy and Real-time

Insightful Accountant

Fyle is helping give small businesses real-time visibility of their credit card data by directly integrating with payment networks like Visa and Mastercard.

80

More Trending

article thumbnail

Can Good Bookkeeping Help You Manage Debt?

Remote Quality Bookkeeping

Maintaining accurate financial records is crucial to the smooth operation of any small business. Bookkeeping entails maintaining precise and accurate records of all assets, liabilities, income, and expenditures through a solid chart of accounts. However, many small business owners see the intricacies of bookkeeping as a chore and don’t do a thorough job of reconciling their finances.

article thumbnail

Why Unit Economics Are The Key To Unlocking Forecasting

CloudZero

In SaaS companies, engineers are the biggest influencers to cloud costs. They choose the infrastructure, build the products, and produce the code.

52
article thumbnail

Interest rate risk definition

Accounting Tools

Related Courses Accounting for Derivatives and Hedges Corporate Finance Enterprise Risk Management What is Interest Rate Risk? Interest rate risk is the possibility that the value of an investment will decline as the result of an unexpected change in interest rates. This risk is most commonly associated with an investment in a fixed-rate bond. When interest rates rise, the market value of the bond declines, since the rate being paid on the bond is now lower in relation to the current market rate

article thumbnail

S3 Glacier Retrieval Policies: The Key to Cost-Effective Data Retrieval on AWS

Economize

Retrieval policies allow you to specify the rate at which data is retrieved from AWS S3 Glacier and the maximum size of a retrieval request

article thumbnail

The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

article thumbnail

Cash coverage ratio

Accounting Tools

Related Courses Business Ratios Guidebook The Interpretation of Financial Statements What is the Cash Coverage Ratio? The cash coverage ratio is useful for determining the amount of cash available to pay for a borrower's interest expense , and is expressed as a ratio of the cash available to the amount of interest to be paid. To show a sufficient ability to pay, the ratio should be substantially greater than 1:1.

article thumbnail

Turnaround document definition

Accounting Tools

Related Courses Accounting Information Systems Accounting Procedures Guidebook What is a Turnaround Document? A turnaround document is a computer-generated form that is sent to a third party, who is supposed to fill in the document and return it to the issuer. The information on the form is then used as the basis for data entry back into the computer system.

article thumbnail

Secondary cost pool definition

Accounting Tools

Related Courses Activity-Based Costing Operations Management What is a Secondary Cost Pool? A secondary cost pool accumulates those costs incurred to provide services to other parts of the company. There may be several secondary cost pools , depending upon the nature of the costs and how they will be allocated. Examples of secondary cost pools are facility services, copy services, legal services, motor pool services, and data processing services.

article thumbnail

Franchisee definition

Accounting Tools

Related Courses Franchise Accounting What is a Franchisee? A franchisee is a party that runs a purchased franchise for a specific location. The franchisee typically pays an up-front fee to a franchisor to begin a franchise arrangement, as well as a percentage of its gross sales as an ongoing royalty fee. The franchisee must also do business under the franchisor's trademarked name, and cannot sell the products or services of other businesses that compete with the franchisor.

article thumbnail

Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.

article thumbnail

Shareholder theory definition

Accounting Tools

Related Courses Behavioral Ethics Ethical Frameworks in Accounting What is Shareholder Theory? Shareholder theory is the view that the only duty of a corporation is to maximize the profits accruing to its shareholders. This is the traditional view of the purpose of a corporation, since many people buy shares in a company strictly in order to earn the maximum possible return on their funds.

article thumbnail

Production order definition

Accounting Tools

Related Courses Accounting Information Systems Operations Management What is a Production Order? A production order is a document that states the number of units to be manufactured, the date when the order is released for production, and where the units should be delivered once they have been completed. A production order may be triggered by a long-term plan to maintain certain inventory levels, or by the receipt of an order from a customer.

article thumbnail

Make to order definition

Accounting Tools

Related Courses Operations Management What is Make to Order? Make to order is a production method that permits customers to buy customized goods. This is done by only starting production after receipt of a customer order. This approach minimizes finished goods inventory levels for the producer and results in precisely-targeted output, but at the cost of a longer wait time for the customer, and usually a somewhat higher price than mass-produced products.

40
article thumbnail

Other current liabilities definition

Accounting Tools

Related Courses How to Audit Liabilities The Balance Sheet What are Other Current Liabilities? Other current liabilities are the residual liabilities of an organization that are not classified within one of the other current liability accounts. It is a line item in the balance sheet , in which is aggregated several current liability accounts that are too minor to report separately.

article thumbnail

8 Pillars of Leadership Development

Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.

article thumbnail

Operating loss definition

Accounting Tools

What is an Operating Loss? An operating loss is the loss recorded on an income statement before non-operating items are included. This loss only includes the results of continuing operations, and arises when operating expenses exceed revenue from operations. This is a crucial line item for investors to watch for, since it gives them a strong indication of whether a business will be able to spin off sufficient cash flow to pay dividends.

40
article thumbnail

Special-purpose financial statement definition

Accounting Tools

Related Courses The Balance Sheet The Income Statement The Statement of Cash Flows What is a Special-Purpose Financial Statement? A special-purpose financial statement is a financial report that is intended for presentation to a limited group of users. A special-purpose statement may accompany a complete set of financial statements that is intended for general use, or it may be presented separately.

article thumbnail

Real property definition

Accounting Tools

Related Courses Fixed Asset Accounting Real Estate Accounting Real Estate Tax Guide What is Real Property? Real property is land and other assets that are permanently attached to the land. These other assets must be permanently placed on or under the land. Examples of real property are buildings, canals, crops, fences, land, landscaping, machinery, minerals, ponds, railroad tracks, and roads.

Tax 40
article thumbnail

Realized gain definition

Accounting Tools

What is a Realized Gain? A realized gain occurs when the sale price of an asset is higher than its carrying amount. This gain is only considered to be realized when the asset is removed from the entity's accounting records. Thus, a gain is only realized when the associated asset has been sold, donated, or scrapped. Unrealized gains are generally not taxed, while realized gains are taxed.

Tax 40
article thumbnail

How to Modernize Manufacturing Without Losing Control

Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives

Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri

article thumbnail

FOB shipping point definition

Accounting Tools

Related Courses Accounting for Freight What is FOB Shipping Point? The term FOB shipping point is a contraction of the term "Free on Board Shipping Point." It means that the buyer takes delivery of goods being shipped to it by a supplier once the goods leave the supplier's shipping dock. The transportation department of a buyer might insist on FOB shipping point terms, so that it can take complete control over the delivery of goods once they leave a supplier's shipping dock.