December, 2020

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Cliniko – Writing off bad debts

The Savvy Bookkeeping Blog

Most of us have had to do it at one stage or other – writing off an invoice issued to a customer because we are just never going to get payment. Writing off bad debts is relatively straight-forward in Cliniko.

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Common Accounting Mistakes: Government Edition - Issue #12 R&D

SMB Accounting and Consulting

Many small business federal contractors begin with research and development (R&D) contracts or grants as part of the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. These programs are offered by the government to encourage innovation with the potential for commercialization. These programs often result in technology or products that begin with government use and then become commercial items.

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Levering Your CFO to Drive SaaS Company Growth

Sage Intacct

Despite the role that CEOs, CTOs, and product managers play in a startup’s success, finance is the only department in a SaaS startup that touches every part of the customer journey. With a unique money-focused perspective, finance employees have access to data across every type of product and customer. So while SaaS CFOs are not the most talked-about startup leaders, they can have a huge impact on the business.

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What Gartner Gets Right About Cloud Cost Optimization (and Where They Miss) | CloudZero

CloudZero

Earlier this year, Gartner published “ How to Manage and Optimize Costs of Public Cloud IaaS and PaaS ,” by analysts Marco Meinardi and Traverse Clayton.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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.

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WEBINAR: Hiring and Thriving with Remote Staff in 2021

accountingfly

Are you looking for best practices managing a remote team? You have come to the right place. On December 21, 2020, Accountingfly Co-Founder Jeff Phillips, walks you through the best practices of finding, selecting, and hiring remote staff, so you’re ready to grow your team. Learn how to optimize your remote accounting team, by motivating and managing your remote staff In these modern times.

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Survey Reveals Widespread Distrust in Financial Data — Here’s How You Fix It

AvidXchange

We live in a sophisticated digital age where finance professionals have access to financial data we could only dream about 10 years ago. But surprisingly enough, there’s not much faith behind those numbers. In Trintech’s recent survey of global financial leaders, 40 percent said they don’t trust the accuracy of their financial data. In another report, Workday’s CFO Indicator Survey 2020 , 63 percent of CFOs reported frequent conflicting data between their finance and operations teams.

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Common Accounting Mistakes: Government Edition - Issue #11 What is GAAP?

SMB Accounting and Consulting

Many small business government contractors are exempt from complying with cost accounting standards (CAS) and defined by the code of federal regulations (CFR). However, compliance with generally accepted accounting principles (GAAP) is required. What exactly is GAAP? GAAP are a set of accounting principles established by the Financial Accounting Standards Board (FASB) to provide clarity, consistency, and comparability of financial reporting and information.

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How to Get Professional Tax Return Preparation Services?

Billah and Associates

Tax preparation can be a challenging task. There are so many things involved. If you have the right idea about personal tax preparation, you can fill it with some hassle. However, filing corporate tax is tricky. For that, taxation services are of great help in minimizing the complications. Tax preparation Mississauga is helpful because of various factors.

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Cost per Tenant: A Key Part of the AWS Well-Architected Strategy SaaS Lens

CloudZero

Multi-tenancy is one of the key properties of any effective SaaS solution. It gives companies the economies of scale, elasticity, and operational efficiency to offer competitive products with strong margins.

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WEBINAR: Hiring and Thriving with Remote Staff

accountingfly

How do you manage a remote team? Is it different than my office-based team? YES. On January 25, 2021, Accountingfly Co-Founder Jeff Phillips, walks you through how to optimize your remote accounting team, including how to motivate and manage remote staff, how to organize and communicate with your team, and how to increase productivity. Learning Objective: Determine to get ahead with a remote accounting team Identify ways to manage and motivate your staff while working remotely Recognize how

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Predictions You Can Rely On: How Data Drives Successful Financial Forecasting

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.

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AvidPay AP Software Liberates Housing Provider from Thousands of Paper Checks

AvidXchange

Erin Jaskiewicz, the accounts payable (AP) manager with Campus Apartments , was aware of the problems in her department that were preventing her company from achieving its growth goals. Luckily, AvidXchange’s AvidPay AP software helped set the company on a more efficient path to success. She and her teammates were routinely deluged with 800 paper checks to be processed each week for 250 vendors.

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November Spend Insights Report Depicts Increase in Spend Risk

Oversight

Organizations continue to experience notable shifts in employee spending behaviors and trends during the current COVID-19 pandemic and almost universal transition to working from home. In our recent November Spend Insights Report, we shared some eye-opening findings uncovered during the third quarter of 2020.

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Meka Leka Hi Meka Hiney Ho 2021 Is A Go

Cloud Accounting Podcast

Sponsors OnPay: [link] ClockShark: [link] Financial Cents: [link] Show Notes 4:05 - 2019 Predictions! Also, Isaac Asimov predicted the computer automation revolution, Mindbody to be sold, senators prod regulators on FinTech, and what’s new in QBO [link] 5:23 - Bookkeepers are embracing the role of trusted advisor [link] 7:07 - Elevate Messaging & Safety with Zoom Phone SMS, Reporting & E911 Enhancements [link] 8:13 - The best and worst 2020 predictions (and some of our own) [li

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BONUS | Karmin Bailey - IMA's D&I Toolkit

IMA's Count Me

IMA Diversity & Inclusion: [link] D&I Toolkit Press Release: [link] The D&I Toolkit: [link] Contact Karmin Bailey: [link] Karmin Bailey, Senior Manager, Procurement & Business Diversity at Columbus Regional Airport Authority and member of IMA's Diversity & Inclusion Committee, joins Count Me In to talk about the IMA® (Institute of Management Accountants) Diversity and Inclusion Toolkit.

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The Definitive Guide to Spend Management

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.

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2020 State of DevOps Report: The Newest Metric To Make It Into the DevOps Evolution

CloudZero

Every year, I look forward to the release of the annual State of DevOps report (that’s the kind of exciting life I lead!). The evolution and adoption of DevOps in the past decade has been incredible — and this report always helps show what’s the next big thing that high-performing teams are adopting. The 2020 State of DevOps report was just released a couple weeks ago and as usual, it was filled with all kinds of insights.

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Congress Closing in on Additional COVID-19 Relief

NACM

As of the morning of Dec. 17, Congress has yet to reach a final deal on the next COVID-19 relief package and omnibus government funding bill, but leadership worked through the night and has reportedly made significant progress. All signs point to a deal on Friday or over the weekend, averting a government shutdown and providing some COVID-19 relief.

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Invoice Processing Delays Affecting More Than 50 Percent of Businesses During Pandemic, New Survey Finds

AvidXchange

AvidXchange recently surveyed more than 500 U.S. business leaders ranging from middle management to C-level executives to learn about their challenges and priorities as they gear up for 2021. Unfortunately, we weren’t all that surprised to learn 52 percent of those surveyed have experienced invoice processing delays during the pandemic. That same percentage (52 percent) said the process of securing payment approvals while working remotely was the biggest reason for those delays.

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3 Things Garter Says Are Difficult About Cost Management and Optimization That CloudZero Makes Easier

CloudZero

Earlier this year, Gartner published a report called “ How to Manage and Optimize Costs of Public Cloud IaaS and PaaS.”.

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Navigating Financial Storms: Strategies for Building Resilient Balance Sheets

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.

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What Is Profitable Innovation and How Can Your Business Achieve It?

CloudZero

In the context of businesses, the ultimate goal of innovation for technology companies is to drive a profit.

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LegalZoom Launching Bookkeeping and Tax Services

Cloud Accounting Podcast

Sponsors OnPay: [link] ClockShark: [link] Ceterus: [link] Show Notes 3:56 - The Top 10 PPP changes in the pending Bipartisan Emergency COVID Relief Act of 2020 [link] 5:08 - LegalZoom Finance and Accounting Careers [link] 6:45 - LegalZoom Names Daniel Wernikoff Chief Executive Officer [link] 6:50 - LegalZoom Grows Leadership Team with Appointment of New Chief Product Officer and Chief People Officer [link] 7:07 - LegalZoom Names Shrisha Radhakrishna as Chief Technology Officer [link] 7:11 - Le

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Ep. 103: Matthias Tillmann - Managing Industry Disruption & Crisis Management

IMA's Count Me

Contact Matthias Tillmann: [link] Trivago: [link] FULL EPISODE TRANSCRIPT Adam: (00:00) Welcome back to Count Me In , IMA's podcast about all things affecting the accounting and finance world. I'm your host, Adam Larson. And I'm here with episode 103 of our series. Today's expert guest is Matthias Tillmann, CFO of Trivago. In this episode, he speaks with Mitch about how COVID-19 crisis impacted the travel industry and speaks to the various crisis management plans he implemented to maintain oper

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PPP 2.0 and Everything You Need To Know with Justin Elanjian of Aprio

Cloud Accounting Podcast

Show Notes 2:58 - Additional Expenses eligible under PPP Loan forgiveness 4:42 - Tax implications of PPP forgiveness 07:15 - Simplified loan forgiveness applications and documentation requirements 10:12 - Allotment for the 2nd round of PPP funds 10:45 - Eligibility requirements for PPP 2.0 14:55 - The Top 10 PPP changes in the pending Bipartisan Emergency COVID Relief Act of 2020 [link] 15:55 - How Aprio's PPP team got down to business 19:00 - Find a wealth of PPP resources with Aprio's Covid

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Putting the ‘Tech’ in Spend Management Techniques

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!

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David and Blake Miss the Mark on PPP

Cloud Accounting Podcast

Sponsors OnPay: [link] ClockShark: [link] Synder: [link] Show Notes 3:31 - Apps We Love: November 2020 – Our Favorite Podcasts [link] 7:06 - Listeners let us know - sometimes, we miss the mark, especially when it comes to tax, audit, and even our favorite subject - PPP 11:19 - Mnuchin's Stimulus Includes Business Protections | PYMNTS.com [link] 13:42 - BeachFleischman names Majchrzak next CEO [link] 15:15 - The case of the extra paycheck | Tax Pro Center | Intuit [link] 17:58

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2020 in Review: Turbulent Year Signals Turning Points in Fintech Industry

AvidXchange

Historians will undoubtedly look back on 2020 as a turning point in world history. It was turning point in global health conditions, in business dynamics, in the direction of markets and industries and in how and where people live and work. 2020 will also be remembered by business historians, and finance professionals such as yourself, as a turning point in the fintech industry.

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BONUS | Kavya Ramesh - CMAs Making a Difference

IMA's Count Me

Contact Kavya Ramesh: [link] IMA Life: Earn What You Deserve, by Kavya Ramesh: [link] IMA Launches Global Ad Campaign to Highlight How CMAs Make a Difference in Business: [link] Watch IMA’s “The CMA makes all the difference” television commercials on YouTube: [link] FULL EPISODE TRANSCRIPT Mitch: (00:05) Welcome back to Count Me In , IMA's podcast about all things affecting the accounting and finance world.

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Thanks Stripe! Now Every App Can Be A Bank

Cloud Accounting Podcast

Sponsors OnPay: [link] ClockShark: [link] Relay FI: [link] Show Notes 03:20 - The Best Gifts for People Who Work From Home [link] 08:50 - We made the list! Accounting Today 2020 Top 100 People extra: Legacy [link] 09:37 - AICPA joins in calling for PPP expense forgiveness legislation [link] 10:26 - SBA releases names of Grand Strand businesses that received less than $150K in PPP loans [link] 11:10 - More than half of emergency small-business funds went to larger businesses, new data sho

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Your New & Improved Month-End Close Process Is Not So Far Out of Reach!

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!

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3 Times CloudZero Helped Real Companies Take Action With Cloud Cost Intelligence | CloudZero

CloudZero

Please note, for customer privacy we have removed any identifying information.

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The Evolution of Cloud Cost Optimization — and the Next Strategic Advantage | CloudZero

CloudZero

Every CEO is looking for an edge.

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Steady Construction Input Prices Could Change in 2021

NACM

Contractors saw a 0.5% decline in construction input prices in November, a slight increase over the prior year. Although Associated Builders and Contractors (ABC) Chief Economist Anirban Basu described the price drop as "a natural growth of a strong economic rebound," there's still a possibility of a resurgence in prices next year.Softwood lumber w.

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Dodge Momentum Index Falls in November

NACM

The Dodge Momentum Index (DMI) saw a slight step back in November, the second straight month with a decline. The Momentum Index from Dodge Data & Analytics, which measures nonresidential building projects at their first reporting, fell 2.6%."Uncertainty over the potential for further federal stimulus has significantly complicated the recovery a.

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Book of Secrets for the Month-End Close

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.