May, 2020

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4 Benefits of Partnering with a Workday Certified Software Partner

Ascend Software blog

When it comes to software, it often takes multiple products to form an efficient end-to-end solution. That's one of the main reasons why software solution companies form partnerships, as they allow you to deliver a more complete solution to solve their customers' problems.

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The Benefits of Integrated Financials with Budgeting and Planning

Sage Intacct

What does it take to successfully manage your business? How do you measure success? To answer these questions in the simplest form, you must have a plan, identify objectives to meet it, and identify metrics to measure progress toward your identified objectives. For example, 3 years ago, I was overweight and needed to reach a normal weight for my long-term health.

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What Makes Bookkeeping Important For A Small Business

Billah and Associates

Bookkeeping is vital for keeping accurate financial records. Nevertheless, many startups and small businesses come up short against implementing this necessary process. In addition to the fact that keeping proper books and records is crucial under law, it saves you failure and disappointment later on. In practical terms, improper bookkeeping and accounting are some of the reasons for business failure.

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4 Ways Paperless AP Mitigates Fraud Risk for Homeowner Associations

AvidXchange

With many of their teams now working remotely, association management companies and community associations are at increased risk for data breaches and check fraud that can erode trust and lead to financial loss. How so? Those relying on paper-based, manual processes are struggling to access the paper and people they need to work while protecting sensitive information from increased vulnerabilities.

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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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Just Say No to Cash App

1st Step Accounting

I’ve been seeing online the many requests for Cash App deposits to help keep small business afloat during this pandemic and I want to implore all you owners out there to just say NO. Cash App , a division of Square and is a great source to get quick funds from friends and family (along with Venmo , a division of PayPal ) but in the long term it is not a great tool for small businesses trying to build and grow their businesses.

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Ep. 69: Sandra Clarke - Finance & Innovation -- The Perfect Partnership

IMA's Count Me

Sandra Clarke and Blue Shield of California in the news: Blue Shield of California Updates Details on Financial Support Options to Healthcare Providers in Response to COVID-19 Crisis In the News: Blue Shield of California Offering Financial Support to Providers, Sandra Clarke Tells The Wall Street Journal FULL EPISODE TRANSCRIPT Mitch: (00:05) Hi everyone.

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Preparing Your Company for Recovery: Six Steps for SaaS Finance Leaders

Sage Intacct

While the COVID-19 crisis continues to evolve, many SaaS and subscription finance leaders are looking ahead to the recovery phase and wondering what their peers are doing. During the virtual Modern SaaS Finance Summit , CFOs and investors shared six steps you can take to put yourself and your company in a position to know where you stand, anticipate and plan for volatility, and communicate your plan to your Board.

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How an Accountant Can Help Your Business During COVID-19

Billah and Associates

Can accountants help SMEs stay resilient in the COVID-19 crisis? As the global pandemic (COVID-19) shows no signs of leaving the planet soon, small and medium-sized enterprises are trying hard to find a way to sustain their business growth. At this point in time, experienced and efficient accountants and bookkeepers are playing a major role in guiding small business owners to navigate through the storm.

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How Accounts Payable Automation Benefits Security

AvidXchange

Understanding how accounts payable (AP) automation benefits security is extremely important in today’s climate, as criminals are upping their game to take advantage of new opportunities. Organizations must protect not only their employees, but also their financial data and personal information. Otherwise, they stand to take financial loss, in addition to loss of reputation and trust, in the event of a data breach.

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Hi, How can I help you innovate today? Why CloudZero is the next step on my journey to empower developers.

CloudZero

Innovation drives success. And today more than ever, software drives innovation. No matter what product or service you offer, you’re a software company. You may not sell something called “software,” but successfully building, marketing, delivering, and supporting customers for any product today relies on software and technology.

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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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Ep. 68: Paul Miller - Tax Implications and Planning due to COVID-19

IMA's Count Me

Miller & Company, LLP: [link] FULL EPISODE TRANSCRIPT Adam: (00:06) Welcome back to episode 68 of Count Me In. IMA's podcast about all things affecting the accounting and finance world. I'm your host, Adam Larson, and today we'll be listening to an important conversation about the tax implications and guidelines for individuals and small to midsize businesses following the various government loans in response to the COVID-19 crisis.

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How Chris Herbst is saving hours for South African SMEs with Cloud Accounting

Dext

“You need all the time you can get to add value to your business in South Africa. Something like Receipt Bank may be a luxury in some places but here it’s a necessity.

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May 29, What to do with T4A slips received from customers / clients

Bookkeeping Essentials

I get self-employment professional income reported on T4As from several different sources and although they are for work that is essentially similar, every

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Pending Home Sales Plummet in April

NACM

Pending home sales is the latest sector to see record drops from the impacts of COVID-19. The Pending Home Sales Index from the National Association of Realtors (NAR) declined 21.8% in April. All regions saw a month-to-month and year-over-year decline in pending home sales. "With nearly all states under stay-at-home orders in April, it is no surpri.

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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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How Panera Bread Baked The Efficiency of Automation Into An AP Process That Keeps Their Bills Paid During The Pandemic

AvidXchange

Panera Bread Company is the fast-casual restaurant with healthy food options and a bakery we have all come to know and love. Unfortunately, their IT finance department’s process for dealing with invoices and doling out payments was less desirable. So, Panera turned to AvidXchange to assist with things behind the counter—streamlining their accounts payable processes.

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Demand for PPP Cools Due to Worries About Loan Forgiveness

Cloud Accounting Podcast

Sponsors SmartBooks Genie: [link] OnPay: [link] BQE Core: [link] Show Notes 06:03 - White House considers measures to boost economy without Congress - NBC News 06:30 - Intuit Accountants (@IntuitAccts) Survey - Twitter 07:59 - QuickBooks Town Hall with Senators Rubio and Cardin: Full transcript, video - Intuit QuickBooks 08:38 - Demand for Small-Business Loans Cools - Wall Street Journal 09:34 - Footwear Company Allbirds To Return PPP Loan - PYMNTS.com 10:26 - Two Men Charged In First US Case Of

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BONUS | Alain Mulder and Bernardin Generalao - Business Continuity in Europe

IMA's Count Me

Contact Alain: [link] Contact Bernardin: [link] Coronavirus Update from IMA: [link] FULL EPISODE TRANSCRIPT Mitch : (00:05) Hey everyone. Welcome back for another special bonus episode of Count Me In. Over the last few weeks, we have interviewed various IMA staff members from across the globe and shared their perspectives on how business in their region is being handled following disruption of Covid-19.

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Managing Association Bills to Maintain Business Continuity

AvidXchange

With most of their employees working remotely, association management companies have been forced to revisit the processes they rely on to sustain operations. Among the most critical functions for ensuring business continuity is paying association vendor bills. It’s an uphill battle for those who rely on manual, paper-based AP invoicing and payment processes.

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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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Lessons From the Front: How Businesses Are Solving for Critical Gaps in Continuity Plans [On-Demand Webinar]

AvidXchange

Two months into this global pandemic, we wanted to continue exploring critical gaps in continuity plans and understand what some companies are doing to solve for them. So, we gathered a panel of industry insiders to share some insights from the frontlines of business and finance operations in this new reality, including: Jess Scheer, executive editor at the Institute of Finance and Management (IOFM) Marijke Van Stichel, property accountant at SCM Realty Services Angelic Gibson, chief information

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Ep. 66: John Stretch - Stakeholder Capitalism

IMA's Count Me

John’s website : [link] To view a selection of blogs visit [link] You can find more examples of the author’s writing at these two websites: [link] and [link] Also visit [link] John's recent book: [link] John’s YouTube channel : [link] Contact John Stretch: Email - stretch@global.co.za LinkedIn - www.linkedin.com/in/john-stretch-272a475 FULL EPISODE TRANSCRIPT Adam : (00:05) Welcome back to episode 66 of Count Me In.

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Ep. 64: Rohit Thakkar - The Business Partner as a Co-Pilot

IMA's Count Me

Contact Rohit Thakkar: [link] FULL EPISODE TRANSCRIPT: Mitch : (00:00) Welcome back to Count Me In, IMA's podcast about all things affecting the accounting and finance world. I'm your host Mitch Roshong. And today we're going to hear about the popular topic of business partnering. Adam spoke with Rohit Thakkar, finance business partner at Adobe to define the role of a business partner and explain how you can guide the business with strategic decisions.

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BONUS | Richard Li - Business Continuity in China (with Rouba Zeidan)

IMA's Count Me

IMA's Website: [link] Coronavirus Update from IMA: [link] Richard Li, IMA's Vice President and Chief Representative of China, joins Count Me In to talk about COVID-19 in the region and discusses the internal and external developments being implemented to safeguard human life and business continuity. This regionally focused bonus episode hosted by Rouba Zeidan continues the series of conversations we are having to highlight the various efforts across the globe to empower the management accounti

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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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BONUS | International Management Accounting Day: Jeff Thomson - Creating Value in Critical Times (with Rouba Zeidan)

IMA's Count Me

International Management Accounting Day: [link] IMA's website: [link] About IMA: [link] FULL EPISODE TRANSCRIPT Adam : (00:05) Welcome back to Count Me In, IMA's podcast about all things affecting the accounting and finance world and happy international management accounting day. Every year. On May 6th,, IMA celebrates this global day of recognition to commemorate the important role management accountants play within their organizations to help bring more light.

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Ep. 63: Ray Hutchins & Mitch Tanenbaum - How You Can Leverage Cybersecurity to Increase Your Value to Any Organization

IMA's Count Me

CyberCecurity, LLC : [link] Video Training by Ray and Mitch: [link] Mitch's Blog : [link] & [link] Contact Ray Hutchins: [link] Contact Mitch Tanenbaum: [link] FULL EPISODE TRANSCRIPT Adam: (00:05) Welcome back to Count Me In, IMA's podcast about all things affecting the accounting and finance world. Cybersecurity is something that truly affects management accountants, but really all individuals and firms.

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May 12, Downloading QBO Attachments in a Batch

Bookkeeping Essentials

While reading and participating in various online bookkeeping groups, I noticed the question is arising as to how you can download all the attachments

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New Home Sales Rise Slightly Showing 'Potential Recovery'

NACM

Although existing home sales declined last month, new home sales held their ground in April with more than a half-percent rise. National Association of Home Builders (NAHB) reported the increase brought the seasonally adjusted annual rate to 623,000 units.NAHB Chairman Dean Mon said in the report that the new home sales results "show the potential.

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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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Existing Home Sales Continue Decline in April

NACM

COVID-19 continues to impact existing home sales, resulting in the second-straight month of declines. The National Association of Realtors announced May 21 that sales dropped 17.8% in April from March, and sales are down roughly the same amount from April 2019. The steep fall is the largest month-over-month decline since July 2010. "The economic lo.

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Ep. 67: Gordon Hofman - How Can I Improve My Organizational Culture for Better Productivity?

IMA's Count Me

Contact Gordon Hofman: [link] FULL EPISODE TRANSCRIPT Mitch : (00:00) Welcome back for episode 67 of Count Me In. I'm your host Mitch Roshong, and I'll be bringing you to Adam's conversation with the vice president of finance for SSA Marine, Gordon Hoffman. SSA Marine is a global transportation and trucking firm with operations across five continents.

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Ep. 65: Patricia Werhane - The Ethics of Commerce During Crisis

IMA's Count Me

About Patricia Werhane: [link] Article About Patricia Werhane: [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. We are here for you today with episode 65 of our series. As we've addressed in many recent episodes, the Coronavirus has affected various aspects of accounting and finance.

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No "Mo" PPP Loan Forgiveness for Reality Star

Cloud Accounting Podcast

Sponsors LivePlan: [link] OnPay: [link] BQE Core: [link] Show Notes 06:50 - Pioneer discloses new details of MyPayrollHR owner's alleged fraud – Albany Business Review 08:26 - Richard Burr Steps Back From Senate Panel as Phone Is Seized in Stock Sales Inquiry – New York Times 12:08 - Reality star charged with spending funds from federal small business program on jewelry, Rolls-Royce – Washington Post 17:26 - Marco Rubio discusses making changes to the PPP rules - Twitter 19:20 - SBA Releases Pay

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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.