June, 2021

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Horizontal Vs. Vertical Scaling: How Do They Compare?

CloudZero

We all want growth, but we often find ourselves unequipped to deal with it. It’s a bit like going to the gym, lifting weights, and seeing real results, only to realize that you no longer fit into your old clothes. Now you have to decide if you want to modify them or buy new clothes. We can use this very simple analogy to understand the differences between horizontal and vertical scaling.

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How to Choose the Best Invoice Processing Software

IPS

The business case for invoice processing software is proven and compelling. But choosing the wrong invoice processing software can undermine an otherwise solid business case.

professionals

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Are Bookkeeping Services for Small Businesses Costly?

Billah and Associates

Bookkeeping is an important aspect for any business to maintain a record of its transactions. Accounting and Bookkeeping allow big or small businesses to get a look at their real financial position. Billah and Associates Bookkeeping services Etobicoke provides complete accounting to small businesses for recording and maintaining their accounts. If any company wants to understand its financial situation, including profit, loss, and revenues – bookkeeping is mandatory.

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Patient (Not-So-Much) at the Center

MediRevv

Feeling like an outsider within the walls of your own healthcare provider is frustrating, especially for a revenue cycle leader—when he is the patient. Here, MediRevv's SVP of Revenue Cycle Terry Reinsager shares a recent encounter. "It was supposed to be a simple, straightforward experience, but quickly turned into an annoying, inefficient Saturday afternoon.".

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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 to clean up Unapplied Cash Payment Income & Expenses in QuickBooks Online

5 Minute Bookkeeping

Coming across unapplied cash payment income and expenses in the Profit and Loss report during a QuickBooks Online cleanup can leave you stumped. What are these accounts for and where did they come from? How do you clean up these accounts to get rid of the balances? Keep reading, and I’ll answer these questions and tell you how to clean up unapplied cash payment income and expenses in QuickBooks Online.

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The North American Innovation Guide

Dext

Innovation is an ever-present buzzword for businesses across the globe. Having an innovative mindset is a critical point attributed to the most prosperous businesses around the world. Therefore, unpacking the meaning of innovation is essential for any business or leader to unlock the value it brings to your firm.

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Your Guide to Outsourcing Bookkeeping and Accounting as an Advisor

XY Bean Counters

5 MIN READ In the busy world of firm ownership, shouldering a full plate of responsibilities can often feel like part of the job description. From following up with clients, to sitting in tech demos, to navigating a regulatory audit, all tasks eventually fall on you. Because you can’t get more hours in the day, efficiency and time management are incredibly valuable skills that successful business owners must hone.

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AvidXchange Helps Cure ‘Major Headache’ for Real Estate Company’s AP Team

AvidXchange

Two years ago the accounts payable (AP) process turned into a major headache for the Pinellas County Housing Authority, which provides leasing, management and maintenance services to more than a thousand Florida housing units. The AP department used a multi-folder, copy-and-paste system to process an estimated 800 monthly invoices for its vendors such as landscapers, utility companies and painters.

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How to Level Up Your AP with OCR for Invoice Processing

IPS

Think for a moment about all the time your AP staff spends keying and rekeying invoice data.

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How To Turn $2,000 Into $5 Billion Tax-Free

Cloud Accounting Podcast

Sponsors Rewind: [link] Uncat: [link] Odoo: [link] Show Notes 1:20 – David is LIVE (well, recorded) from the brand-new Accounting Podcast Network recording studio! Check out our Instagram for a pictorial view - @cloudacctpod 2:20 – Welcome to all our new listeners from the BKX conference! 5:45 – SuiteWorld will be back in Las Vegas - insightfulaccountant.com [link] 6:15 – Find all the latest, greatest accounting conference news here: AccountingConferences.com 8:10 – How Tech Mogul Pete

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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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Why Accounting Niches Work – and How To Discover Yours

Dext

Many accountants and bookkeepers are looking to specialize to revitalize their firm – Discover how they found their accounting niche.

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Data Lake Architecture: An Intro Guide To Using Data Lakes

CloudZero

Big data empowers enterprises to uncover valuable insights from it and make sound business decisions. However, limited data access acts as a barrier to innovation. Traditional databases with their carefully controlled schemas and lack of agility are proving inadequate in meeting the needs of data-hungry businesses.

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Your Guide to Outsourcing Bookkeeping and Accounting as an Advisor

XY Bean Counters

5 MIN READ In the busy world of firm ownership, shouldering a full plate of responsibilities can often feel like part of the job description. From following up with clients, to sitting in tech demos, to navigating a regulatory audit, all tasks eventually fall on you. Because you can’t get more hours in the day, efficiency and time management are incredibly valuable skills that successful business owners must hone.

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Ep. 129: Denise Dettingmeijer - Women in Finance

IMA's Count Me

Contact Denise Dettingmeijer: [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. This is your host, Adam Larson, and I'm here to kick off our conversation for episode 129 of our series. Today you will hear from Denise Dettingmeijer, Chief Financial Officer of Randstad North America.

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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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Spend Risk Examined: Nothing Gets By You Now

Oversight

Today, we’re continuing season one of Oversight’s “Spend Risk Examined” podcast with an episode focused on Oversight’s role in improving financial process efficiencies for Finance and Accounting professionals while transforming how organizations manage spend.

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Why Accountants Don't Become CPAs

Cloud Accounting Podcast

Sponsors Practice Ignition: [link] Odoo: [link] Client Hub: [link] Show Notes 1:56 – David talks specifics on Bookkeepers.com 5:54 – The IMA Is Beefing With the AICPA and NASBA Over the Future of Accounting Education [link] 6:22 – AICPA, NASBA launch CPA Evolution Model Curriculum - Journal of Accountancy [link] IMA pushes back on CPA Evolution [link] 13:20 – Time commitment, relevance push people away from CPA Exam [link] 13:40 – A CPA Pipeline Report: Decoding the Decline [link]

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What Australian SMEs Need to Do Before the End of the Financial Year 

Dext

The end of the financial year is fast approaching. While there are businesses that glide through this period, the majority often leave things a little last minute. But that’s fine by us. The reality is the end of the financial year can be incredibly stressful for business owners, as well as accountants and bookkeepers.

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What Is Cloud Automation? Here's Everything You Need To Know

CloudZero

Automation does not only eliminate the mundaneness of performing repetitive tasks, it can also help reduce errors and mistakes. Good cloud infrastructure encourages cloud automation. That should be one of the main motivators of implementing it.

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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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Construction Input Prices Rise 4.6% in May; Softwood Lumber Prices Up 154% From a Year Ago

NACM

Construction input prices increased 4.6% in May compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics' Producer Price Index data released today. Nonresidential construction input prices increased 4.8% for the month.Construction input prices are 24.3% higher than a year ago, w.

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Ep. 128: Laura Boyd - The "Softer" Side of Accounting

IMA's Count Me

Contact Laura Boyd: [link] Hunter Douglas: [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 this episode, “Business Partners Developing Their Soft Skills”, is number 128 of our series. Laura Boyd, Vice President, Corporate Controller at Hunter Douglas joins us to talk about a topic not addressed enough among accounting professionals, the softer skills required in the

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Nothing Gets by You Now

Oversight

“Nothing gets by you now.” It’s something you’ll be hearing from us more frequently. It’s our rallying cry. Our stake in the ground. Our promise to all.

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Secret IRS Files Reveal No Secrets

Cloud Accounting Podcast

Sponsors CPA Charge: [link] Odoo: [link] Rewind: [link] Show Notes 4:25 – Bill would make accounting part of STEM education [link] 5:47 – Accounting in schools down for the count [link] 10:24 – The best cities for accountants in 2021 [link] 12:46 – The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax [link] 18:11 – Let us know what you think about the secret IRS files, and whatever else we talk about!

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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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Resume Writing Tips to Land Your Dream Accounting Job

accountingfly

How to Tell (and Sell) Your Accounting Career Story You’re desperate to score a new accounting job. You’ve stagnated and want a new challenge. Maybe a role with more responsibility and better pay – you haven’t had a decent raise for two years. The trouble is that you aren’t receiving invitations to interview. What’s wrong? In our experience, if you have the skillsets required for the jobs that you’re applying to, but you aren’t getting interviews, your resume isn’t doing its job.

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The Ultimate Saas Unit Economics Guide: Calculating Unit Costs

CloudZero

The software-as-a-service (SaaS) industry is one that, as you might expect, relies heavily on marginal data. Finding ways to reduce marginal costs, such as the cost of acquiring new customers (or even keeping a customer), can help companies improve their overall financial performance and gain a competitive edge.

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9 Costly Mistakes to Avoid When Shifting to Accounts Payable Automation

AvidXchange

Your company may be ready to shift to accounts payable (AP) automation. But mistakes could be made along the way. What are those mistakes and how can your company avoid them to make this transition a success? Here’s a list of 9 common mistakes and advice on how to dodge them. Table of Contents Mistake 1: Not Securing Buy-In from Internal Stakeholders It’s a big mistake to not make sure key stakeholders in your company understand the AP automation plan, the benefits it will deliver and how the ch

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Ep. 126: Bob Kolodgy - Building Organizations Ready for the Future

IMA's Count Me

Contact Bob Kolodgy: [link] About Bob Kolodgy: [link] Bob's Interview for Forbes CFO Network with IMA's Jeff Thomson: [link] BCBS: [link] FULL EPISODE TRANSCRIPT Adam: (00:00) Welcome to episode 126 of Count Me In. Thanks for coming back and listening to IMA's podcast. I'm your host, Adam Larson and today's expert guest is Bob Kolodgy. Bob is Executive Vice President and Chief Financial Officer for Blue Cross Blue Shield Association, a national Federation of 35 independent community-based and l

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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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AWS Glue 101: What Is It And When Should You Use It?

CloudZero

By the time AWS Glue was being introduced in 2017, big data had already been widely recognized as a critical resource to any organization that intends to outperform its competitors.

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Serverless Vs. Containers: Which One Should You Use?

CloudZero

Containers and serverless computing are two of the most popular methods for deploying applications. Both methods have their advantages and disadvantages. To choose the one that’s right for your business, you need to understand the pros and cons of managing your own containers versus using serverless services.

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35+ Of The Best CI/CD Tools: Organized By Category

CloudZero

The last decade saw a steady increase in the popularity of DevOps. Despite its rapid adoption, there is still a lot of confusion surrounding it. Even engineering leaders not fully versed in all its concepts wildly throw the name around.

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How To Create A Cloud Strategy: The 3-Step Process

CloudZero

Businesses move to the cloud for several reasons. For some, moving to the cloud means gaining access to the best enterprise-level technology without the associated costs of handling, maintaining, and managing the underlying infrastructure. For others (like startups), the ability to scale quickly and respond faster to market demands are top of the list.

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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.