May, 2023

article thumbnail

3 Real-world Steps for Improving AP Efficiency

Fidesic blog

As back-office processes like accounts payable are evolving to become more of a value driver in a data-driven world, a sluggish accounts payable process is a serious handicap for any business. Whether you are just getting started in a new business or looking to enhance an aging process, this post will help you think about how to create a more efficient AP process.

AP 130
article thumbnail

The Average Cost of Processing a Purchase Order: A Detailed Analysis

Ascend Software blog

In the world of business, understanding your expenditures is crucial. One of the costs that can often fly under the radar is the price of processing a purchase order (PO). While it might seem like a negligible expense, it's important to remember that small costs add up, especially when you're dealing with a high volume of orders. In this blog post, we'll break down the average cost of processing a purchase order and discuss strategies for reducing it.

professionals

Sign Up for our Newsletter

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

article thumbnail

Every Payment Is A Conversation #ExpensiCon

Cloud Accounting Podcast

We're back from ExpensiCon in Italy with thoughts on Expensify's future and the future of spend management; a report from Kristen Keats at Accounting Today's Firm Growth Forum conference; ChatGPT coming soon to a Wendy's drive-thru near you! Sponsors CCH Access - [link] SuiteFiles - [link] Client Hub - [link] Chapters (00:25) - Every Payment Is A Conversation (01:11) - Blake and David are back from Italy (05:01) - Let’s talk about ExpensiCon (10:09) - The original Expensify and ExpensiCon (12:36

CPA 98
article thumbnail

Meet the new faces of Australia’s XPAC

Xero

Xero wouldn’t be where it is today without the support of our partner community, and that includes our Xero Partner Advisory Council (XPAC). That’s why we’re thrilled to announce our latest XPAC cohort for Australia. The XPAC team is a group of experts connecting Xero to the community and industry alike. They both challenge and champion the needs of the accounting and bookkeeping sector by engaging in open discussion, sharing industry insights, and providing actionable feedback.

XERO 264
article thumbnail

8 Signs Your Accounting Team Is Ready to Automate Month-End Close

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

How do you know if your accounting team is ready to automate the month-end close? Join us in this informative webinar, where we share the top 8 signs that indicate that a team has outgrown all existing tools and may be ready to embark upon month-end close automation. We will examine the process clues that help determine whether your team would be a good candidate for automation.

article thumbnail

Scaling the Adopt a Small Business program

Intuit

Customer obsession has always been one of Intuit’s core values. While Intuit prides itself on creating innovative products and services, our touchpoints leave us with a partial view of the real-life challenges small businesses face. In April 2019, the Adopt a Small Business program began. In this program, small groups of Intuit employees volunteer to adopt a QuickBooks and/or Mailchimp customer for two months, getting to know the ups and downs of running a small business while using our products

article thumbnail

It's Summertime at AccountingDepartment.com!

Accounting Department

It's summertime at AccountingDepartment.com and we have all sorts of fun things happening! To kick off the summer season this past Memorial Day weekend, we launched our 12th annual ADC Summer Challenge.

214
214

More Trending

article thumbnail

Streamlining Accounts Payable with Automated AP Workflow Solutions

Ascend Software blog

Accounts payable departments are an essential part of any organization, ensuring that suppliers and vendors are paid accurately and on time. However, the traditional paper-based invoice processing method is prone to errors, delays, and high costs, making it inefficient and time-consuming. Fortunately, advancements in technology have led to the development of automated AP workflow solutions that can streamline the accounts payable process and eliminate the need for manual intervention.

article thumbnail

Zamp Launches End-to-End Sales Tax Solution for Online Sellers

Insightful Accountant

Zamp's team includes former state auditors, sales tax experts, research specialists and first employees of Stripe-acquired TaxJar & Vista-acquired Avalara.

Tax 119
article thumbnail

Highlights from this year’s Xerocon Sydney agenda

Xero

In just a few months, we’re heading back to Sydney’s iconic Darling Harbour for Xerocon 2023! On 23 and 24 August, we’re bringing our partner community together from across the globe for two inspiring days. So what can you expect? As the world’s most beautiful and innovative conference for cloud accounting leaders, this is your opportunity to see world-class speakers and entertainers, hear thought-provoking updates from Xero’s leadership team, and take home practical learnings from the Xero show

XERO 261
article thumbnail

Building Inclusion: The bright side of mental health

Intuit

Intuit products are more than web, desktop, and mobile applications. We build the products that enable people to live independent lives. They manage their finances, start businesses, hire employees, and develop their careers. We’re also committed to making sure they feel safe, accepted, and understood in the process. As global co-leader of our employee resource group the Intuit Abilities Network, Lou Shelley is on a mission to create a stigma free environment where our workers bring their true s

article thumbnail

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.

article thumbnail

4 Essential Tools That Can Set A Business Up To Scale

Accounting Department

In today's fast-paced business environment, organizations must leverage the right tools and technologies to stay competitive and achieve sustained success. Efficient management of enterprise resources is critical for smooth operations and growth.

article thumbnail

How to Rename PDF Files Based on Content

Nanonets

Why Rename PDF Files based on their content? * PDF files shared between organizations are named haphazardly. * The file names often have nothing to do with the data they contain. * This makes it hard to keep track of documents and identify them. * Precious man-hours are spent in renaming and organizing such documents for convenient reference. *This allows users to identify files more quickly, and get some information about the documents without having to open them individually.

article thumbnail

Maximizing Your Return: Calculating the ROI of AP Automation

Ascend Software blog

For businesses that rely on manual invoice and payment processing, the cost savings and efficiency gains of implementing an automation solution can be significant. By automating AP processes, companies can reduce time spent on manual processing and processing costs, while improving accuracy and reducing the risk of errors.

AP 242
article thumbnail

Your Guide to Writing Guest Pieces

Insightful Accountant

In today's business landscape, being a thought leader is everything. Otter PR's Amanda Reseburg spins you through some of the fine points of honing your content writing craft.

109
109
article thumbnail

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.

article thumbnail

Your comprehensive guide to preparing for the retirement of old reports

Xero

There’s now a little over two months to go before old reports in Xero are retired. Over the past year, we’ve been encouraging you to make the switch, with lots of education, support and advice from other small business owners and their advisors. If you’ve waited until now to start using new reports, you’ll have less time to make the switch. We urge you to start focusing on this, to avoid any disruption to your workflows.

XERO 258
article thumbnail

Providing technology to empower students

Intuit

What was the most impactful thing you learned in high school? For students at the Marvin E. Robinson School of Business and Management (SBM), that answer changes weekly. With a curriculum designed around business education, this Dallas, Texas high school is on a mission to create the next wave of executives and entrepreneurs. As a participant in our Prosperity Hub School District program with a thriving media department, we were honored to donate a sound-proof recording booth to the students and

article thumbnail

Recognizing Our Military Spouses - Happy MilSpouse Appreciation Day!

Accounting Department

Our AccountingDepartment.com family is proud of its vibrant and diverse “cast of characters”—we span the country with our team members coming from all backgrounds and personalities. Included among our team are some amazing Military Spouses whose hard work, dedication, and contributions are part of what makes our family so strong—and theirs as well.

204
204
article thumbnail

Accounting Technologies: The 2023 Annual Guide

Future Firm

Here is my complete guide to emerging accounting technologies for 2023. In this guide, you’ll learn about the top accounting technology in the profession along with some tips and tricks on how to leverage them. So if you’re looking to leverage software to automate your accounting work, you’ll love this guide. Let’s go! Table of Contents Cloud Computing Artificial Intelligence & Machine Learning Optical Character Recognition Robotic Process Automation Blockchain Big Data The Metaverse Mobile

article thumbnail

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.

article thumbnail

Glossary: Accounts Payable

Ascend Software blog

As a critical function of any business, Accounts Payable (AP) is responsible for managing the company's financial obligations to its vendors, suppliers, and creditors. Whether you are a seasoned accounting professional or a new entrant into the field, understanding the terminology associated with AP is essential. We have compiled a comprehensive glossary of Accounts Payable terms to help you navigate this critical area of business finance.

article thumbnail

Custom Workflows Enhanced in QBO-Advanced

Insightful Accountant

Intuit has significantly enhanced the custom workflow feature within QuickBooks Online Advanced. Murph shows why the new workflows are easier and better than ever.

article thumbnail

Xero’s FY 2023 financial results

Xero

Today we announced Xero’s full year financial and operating results to 31 March 2023 (FY23). Having started my journey as Xero’s CEO in February this year, I’m pleased to share our strong FY23 operating results, and I’m deeply excited about our opportunity to help power the global small business economy. Our results demonstrate Xero’s resilience in a complex macroeconomic environment, our valuable customer proposition, our increasing efficiency, and commitment to even more disciplined, customer

XERO 248
article thumbnail

Inclusive by Design: Our approach to accessible product development

Intuit

Intuit’s mission is to power prosperity around the world. This mission goes beyond just creating great products that work for most people. It means making sure our platform functions across a diverse customer base with a range of abilities. The World Health Organization estimates there are over one billion people in the world that experience a disability.

article thumbnail

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!

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

Accounts Receivable Outsourcing vs. A/R Collections Management Software: What You Need to Know

Gaviti

Accounts receivable is one of the most critical roles in your business. How well your team handles collections determines whether you have the cash to make payroll, pay taxes, and cover other financial obligations. Receivables management can also become incredibly complex and high-risk. This risk compels savvy business managers to consider whether they should use accounts receivable outsourcing or turn to management software.

article thumbnail

Unleashing Cost Savings with AP Automation: A Comprehensive Guide

Ascend Software blog

Accounts Payable (AP) automation is revolutionizing the way businesses manage their invoice and payment processes. By replacing manual tasks with automated systems, AP automation can generate significant cost savings and efficiency improvements. But what do these savings look like in real terms? This blog post delves into the research and survey data to provide a comprehensive picture of the cost benefits of AP automation.

AP 130
article thumbnail

Synder Helping Sharpen Online, Digital Payment Expertise

Insightful Accountant

The Synder SYNC partner program will help provide resources and education opportunities geared toward taking advantage of new revenue opportunities in the fast-growing landscape.

105
105
article thumbnail

Quick Start Guide to a Crystal Clear Close

Did you know automating your month-end close can save up to 40% of the time typically spent on manual reconciliations? CFOs and controllers are leveraging SkyStem's workflow management and reconciliation tool to eliminate costly mistakes, ditch manual reconciliations and close faster. Want to know how they do it? Download our Quick Start Guide to a Crystal Clear Close!

article thumbnail

Why resting and recharging is important for small business owners

Xero

There are plenty of positives to owning a small business – flexibility, being your own boss, financial benefits, and many more. But, it’s no secret there are challenges too. And small business owners have had a particularly tough few years: navigating a global pandemic, various lockdown restrictions, staff shortages, increasing costs of raw materials, and high inflation.

XERO 247
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.

article thumbnail

ADC Attends the 2023 WPO Entrepreneurial Excellence Forum

Accounting Department

Last week, AccountingDepartment.com Business Development Representatives, Shawn Marcum, and Luke Backus attended the 2023 Women President's Organization Entrepreneurial Excellence Forum in Las Vegas, NV.

197
197
article thumbnail

Vital Questions to Ask Your Claims Clearinghouse Vendors

SSI Healthcare Rev Cycle Solutions

May 24, 2023 9 Essential Questions Revenue Cycle Leaders Should Be Asking About Their Claims Clearinghouse Vendors Welcome to the world of healthcare revenue cycle management, where every aspect of your business is crucial to success. It’s not just about having any partner but having the right partner that can make all the difference. At times, settling for a vendor that is simply “good enough” might seem like the easiest option, but it can ultimately hold your organization ba

article thumbnail

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.