May, 2022

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Meet five apps creating new ways to do business in 2022

Xero

Cloud-based apps and tools, like those in the Xero App Store or wider Xero Ecosystem, have given small businesses the ability to use a combination of apps to build their own bespoke business engine. And according to the numbers, the more apps the merrier. Our research has shown that organisations who use five or more apps have seen sales growth of 4.3% , while those who don’t use any at all have experienced a 3.4% decline (year to December 2020).

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Deloitte: Climate change will cost $178T by 2070

Accounting Today

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What Makes a Successful IPO: Metrics You Need to Know

Sage Intacct

The most significant step for many SaaS companies is going public, and many financial leaders are wondering if they should, how they can, and why it's essential. Getting to an initial public offering (or IPO) will hold a company more accountable than ever, and the process requires a tremendous amount of financial discipline, disclosure, planning, and strategic direction.

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How to avoid your conveyancing trust account becoming a mess

The Savvy Bookkeeping Blog

Conveyancing is such a fast-paced and dynamic industry. I don’t know where my conveyancing clients get their energy from sometimes. I know they often work long hours in order to meet tight deadlines.

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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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How FinOps Can Work With Engineering To Achieve Cost Intelligence Maturity

CloudZero

The FinOps position, for most SaaS companies, is a relatively recent addition to the team. FinOps acts as a liaison between the Finance and Engineering teams, with the goal of getting everyone on the same page (and speaking the same language) when it comes to setting, optimizing, and sticking to budgets.

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Marketing for Accountants: The Top 19 Strategies

Future Firm

If you’re looking for the best marketing for accountants’ strategies, you’ve come to the right place. In this post, I’m going to outline 18 of the top strategies working well right now to help you attract clients. Most of these methods I’ve personally used myself to help take my cloud accounting firm from scratch to sale in just 5 years. Let’s check them out!

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AICPA names 2022 Outstanding Young CPAs

Accounting Today

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The Guide to ASC 606/IFRS 15 Compliance for SaaS and Software Companies - A 2022 Refresher

Sage Intacct

ASC 606/IFRS 15, Revenue from Contracts with Customers, was the new revenue recognition standard issued by The Financial Accounting Standards Board (FASB). This standard affects all businesses, including public, private, and nonprofit entities, which use contracts with customers to transfer goods or services.

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Registering for GST – 10 Tips for a Smooth Transition

The Savvy Bookkeeping Blog

It’s a milestone that’s satisfying to reach, however I see it cause stress for many small business owners here in Australia. You’ve either been keeping a close eye on your turnover for a while – pushing to get to the $75,000 threshold and preparing ahead of time.

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30 Best Cloud Monitoring Tools (Updated By Category)

CloudZero

The purpose of cloud monitoring is to identify, observe, track, and manage cloud infrastructure components and services. Cloud monitoring helps organizations ensure their services meet customer expectations of performance, availability, and security.

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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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The Top 22 Questions to Ask in an Accounting Interview

Future Firm

When it comes to finding the perfect accounting professionals for your accounting firm, make sure that you have the right questions to ask in an accounting interview in order to get a sense of their qualifications and experience. Asking questions is the best way to determine if a job prospect is truly right for the job description, and it can also help you get a sense of their experience and expertise.

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We’re back! Introducing New Zealand Roadshow – the Tiny Edition 2022

Xero

We’re hitting the road again with Xero Roadshow 2022, but this year it’s a tiny bit different. We’re taking the Xero tiny home on the road to connect with you in your local communities, so it’s the New Zealand Roadshow – the Tiny Edition 2022. The Xero team will be visiting 28 locations across the country from late June to early December 2022.

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IRS audit rates plummet, especially for wealthy

Accounting Today

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Top Qualities to Look For in Your SaaS Startup’s First CFO

Sage Intacct

Bringing on your first CFO can be extremely exciting, and a strong hire can give your business a significant strategic edge. But to make an effective hiring choice, you need to know what to look out for in a great CFO.

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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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Future-Proofing the Office of the CFO: A Conversation With Kitty Payne About Using Technology to Boost Financial Team Productivity

AvidXchange

While many of us are ready to move on from the COVID-19 pandemic, we can’t deny how much the way we work and live has changed over the past two years – especially for finance professionals. Using that lens, I’ve been having conversations with chief financial officers (CFOs) and other financial leaders from across the United States about how they’ve adapted their management styles and relationships with innovation and technology since the onset of the global pandemic.

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Container Cost Management: Allocating Kubernetes Costs The Easy Way

CloudZero

Containers are one of the most popular ways for businesses to deploy applications. They provide an easy method of packaging applications into self-sufficient units that can be used, moved around, and re-used in any number of ways without breaking the overall functionality of your software.

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Healthcare Staffing 2022 – Crisis Point

RevCycle

The COVID 19 pandemic has exacerbated the effects of what was already a demanding industry to work, making staffing even more difficult. For example, 60 – 75% of clinicians report symptoms of exhaustion, depression, sleep disorders, and PTSD; while nurses are equally stressed, said Dr. Victor Dzau (President of the National Academy of Medicine). These are jarring figures on a human level.

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Helping you win new business with beautiful quotes

Xero

Sending a quote is often the first digital interaction you have with a potential customer, so it’s important to make the right impression. We’ve made it easy in Xero – you can create a beautiful online quote in minutes, get customers to accept it on the spot, and quickly convert it into an invoice. To continue improving your experience, we’re introducing an exciting new feature and fresh design to quotes in Xero.

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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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New AICPA chair pledges to 'open doors, broaden horizons'

Accounting Today

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4 Priorities During Your First 90 Days as a SaaS CFO

Sage Intacct

I f y ou want to take the shot at being a CFO at a SaaS start-up, how do you reduce your risk on picking the right firm and making an impact in your first 90 days? I like to think the way you start is how you finish. This may not be true to all circumstances, but for transition into the CFO club it sure is. Growth through a subscription-based model is often the north star for SaaS startups.

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You Can Boost Your Business Now Using This Accounts Payable Playbook

AvidXchange

Despite everything that’s gone on in recent years – and you don’t need to be reminded – you have many exciting opportunities to boost your business and come out stronger. You can achieve this by taking smart steps to rebuild, improve and strengthen your business for long-term prosperity – starting now. Begin by focusing on streamlining manual business processes that are costing your company time and money such as paper-based accounts payable (AP) and payment processes.

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The 15 Best Cloud Management Software Platforms In 2022

CloudZero

The cloud offers many benefits, including scalability, cost savings, and operational efficiency. But here's the deal. Organizing, monitoring, and controlling a cloud environment can become difficult as workloads, applications, services, and underlying infrastructure grow.

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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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7 Best Integration Apps for Property Management Companies

SLC Bookkeeping

Property management is a complicated matter without the proper software. Many companies are looking to use QuickBooks Online and integrate it with a property management app. Most are looking for something that allows tracking of tenants, rents, invoicing landlords and repairs, training, financials, maintenance, and more. Finding a simple and seamless integration is frustrating.

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Xero’s full year 2022 financial results

Xero

Today we announced Xero’s full year financial and operating results to 31 March 2022 (FY22). Our strong financial result reflects the benefits of Xero’s commitment to invest for the long-term to support our strategy and focus on current and future customer needs. In FY22, Xero grew operating revenue 29%, and exceeded the milestone of a billion dollars for the first time to reach $1.1 billion.

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IRS raids alliantgroup offices

Accounting Today

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The biggest pricing mistakes I have made in my bookkeeping business

5 Minute Bookkeeping

Are you struggling with pricing your bookkeeping services? Pricing is not easy, and in fact, it can evoke a lot of negative emotions, including fear and anxiety. It was certainly one of the areas that I struggled with the most while growing my virtual bookkeeping business. Although it was tough at times, I learned so much through the process. Would you like to skip past the trial and error and get straight to the good part?

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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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B2B Payment Challenges: Inaccurate Payments

AvidXchange

At the start of 2020, two owners of a Florida property management company, Tracy and John, grappled with inaccurate payments. The company, Incurrent Holdings , paid vendors multiple times for the same service and for services not provided. In some cases, they paid suppliers late. These inefficiencies cost the company several thousand dollars a month.

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AWS NAT Gateway Pricing: How To Reduce Your Costs In 5 Steps

CloudZero

We are often asked about areas where customers overspend on Amazon Web Services (AWS). NAT gateway costs are high due to misplaced data transfers and are definitely near the top of our list.

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Do Companies Need to Perform Payroll Withholding?

Billah and Associates

As business owner, you are responsible for paying them when you have employees—but only after deducting payroll taxes. The IRS requires payroll tax withholding , the Social Security Administration ( SSA ), and the state and municipal governments (where applicable). Payroll tax deductions are required. By law, employers must withhold employment taxes from their employees, and Federal income tax withholding and Social Security and Medicare taxes are included in employment taxes.

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Xero Small Business Spotlight: Black Business and Professional Association (BBPA)

Xero

We’re shining a spotlight on the Black Business and Professional Association (BBPA), a non-profit, charitable organization formed in 1983 with the goal of addressing equity and opportunity for the Black community in business, employment, education and economic development. We chat with Ross Cadastre, President of BBPA, who shares their journey on advancing Black communities and the fulfilling moments that remind them of the impact they are making in developing and providing opportunity for Black

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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.