September, 2021

article thumbnail

The Complete Cloud Operations Guide (+5 Best Practices)

CloudZero

As cloud adoption continues to increase, organizations are recognizing the need for cloud operations. CloudOps, as it’s often called, has become the industry standard for cloud-powered enterprises that intend to get the most out of their cloud services.

98
article thumbnail

AP Automation Versus AP Optimization

IPS

The shift to remote working has accelerated the digital transformation efforts of AP departments. Seventy-seven percent of AP departments now have at least some technology for processing invoices.

AP 75
professionals

Sign Up for our Newsletter

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

article thumbnail

Shared Services Outsourcing Week: The Top 4 Topics Discussed

Oversight

A s we come up on 20 months of COVID-19, people are becoming more eager to travel and meet in person. Oversight was a sponsor at the 25th Annual Shared Services Outsourcing Week in Orlando, FL recently. All attendees shared one thing in common: We were excited to finally attend our first in-person event since the pandemic stormed the world in early 2020.

52
article thumbnail

How Virtually Sorted Uses Dext Prepare to Save 15 Hours a Week Per Client

Dext

About Virtually Sorted Virtually Sorted Business Services (Virtually Sorted) is a bookkeeping service company that works alongside a breadth of clients, from manufacturing and construction to beauty services and retail.

article thumbnail

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.

article thumbnail

3 Biggest Myths about Accounts Payable Software and Services

AvidXchange

You may not expect mythology to have any relevance in the numbers-driven, here-and-now world of accounts payable software and services. But it sure does. Many myths, false notions, flawed ideas and untrue situations are consistently perpetuated across this industry. From the expansive list of industry myths, three stand out above the rest because they can be especially influential in leading you down the wrong, or right, paths in your processing of invoices and payments.

article thumbnail

Benefits of Filing of Tax Returns For Your Business Timely

Billah and Associates

If you’re considering filing an income tax return , this comprehensive article is tailored to you. Filing taxes is a crucial aspect of everyone’s life as it allows us to access various benefits that governments offer and helps the economy to grow, creating opportunities for the country and its citizens. Tax systems vary across countries, with some charging lower amounts while others impose higher taxes.

Tax 52

More Trending

article thumbnail

5 Common Bookkeeping Mistakes You Must Avoid

Stephanie Peterson

Commingling Business and Personal Accounts Let's face it; it is not good business practice to blend business and personal finances. Not only does it make it difficult to track business transactions and make cash flow management difficult, but it takes away a business's credibility. Creating a separate bank account for your business will make it easier to identify the difference between personal and business expenses and help your case if the IRS ever audits your business.

article thumbnail

Keeper.app Demo

Bookkeeping Side Hustle

Sign Up For Keeper and Get 20% off your first 3 months Review and Demo of Keeper for accountants and bookkeepers July 2022 – An updated demo of Keeper with Founder and CEO Ben Stein. Watch the latest video below. And get 20% off your first 3 months of Keeper when you sign up with my affliliate link ! What do you call a group of accountants? A crew!

article thumbnail

Guide to Filling the E-Commerce Niche

Dext

The digital shift has massively increased the reach of businesses, opening up opportunities. Whereas some businesses might traditionally have sold in their village or in their town, they now may have global reach.

52
article thumbnail

Digital Resiliency: How to Capitalize on the Next Tech Wave

AvidXchange

The digital transformation movement has helped the world of finance evolve in recent years. Now, as we move into another era of evolution, digital resiliency is stepping into the spotlight. We want to help you better understand what digital resiliency is and how it can help your business become more secure, better prepared for future business disruptions and ready to capitalize on new opportunities.

AR 52
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

6 Things Companies Should Consider for Post-COVID Business Travel

Oversight

W hat is the future of business travel post-pandemic? While personal travel and family vacations seemed to come back in full swing this summer, most pundits predict that a full recovery for corporate travel may take anywhere from 2-3 years. Many experts say business travel will look much different in the future, especially in the near-term as airlines, hotels, and car rental companies work to restore "normal" capacity.

52
article thumbnail

The Complete Cloud Financial Management Guide (+4 Best Practices)

CloudZero

As companies migrate to the cloud, they often overlook costs, instead focusing on innovation, speed, and flexibility. They assume the cloud is inherently cost-effective and less costly than on-premise infrastructure.

98
article thumbnail

Would Being an S Corporation Benefit Your Business?

Stephanie Peterson

It can be tricky to decide what company structure is best for your small business. With corporate tax rates on the rise, many small business owners are seeking to find ways to save on taxes. Might an S Corporation be an advantage to your business? Let's take a look at what an S Corporation is: An S Corporation is a business that elected for S Corporation Status through the IRS.

article thumbnail

New Features to Help You Get the Most out of QuickBooks Online

XY Bean Counters

5 MIN READ Getting the most out of QuickBooks Online (QBO) is a process that requires a keen understanding of its features and functionality. While the fundamentals of QBO rarely change, updates and features are constantly being introduced. Just as you hone your talents in the realm of financial advisory, you should become equally capable with the technology that you rely on.

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

How the Accounting Industry Can Help Businesses Keep Up

Dext

E-commerce is on the rise – there’s no doubt about that – and we know the pandemic has played a part in accelerating the shift. We analysed over 100 million anonymised business transactions between 2019 and 2021 revealing how businesses spent their money during the pandemic.

article thumbnail

Bookkeeping Advice for Small Businesses

Bookkeepers.com

Bookkeeping Advice for Small Businesses 2020 has been a rough year for economies all over the world. As the pandemic hastened the lockdown, small businesses were severely affected. A whopping 70.9% of small businesses reported having suffered negative effects due to the COVID-19 crisis. As small businesses work their way to get back on their … Bookkeeping Advice for Small Businesses Read More » The post Bookkeeping Advice for Small Businesses appeared first on Bookkeepers.com.

article thumbnail

How Artificial Intelligence (AI)  Can Help Prevent Duplicate Payments

Oversight

Did you ever pay an invoice twice? Did you ever find out later that you did? According to the Institute of Internal Auditors, duplicate payments alone can account for up to 0.5% of total invoice payments. While many organizations rely on their default ERP duplicate checking capabilities to catch errors, these systems often rely on exact matching logic to spot issues.

article thumbnail

What Is AWS EMR? Here's Everything You Need To Know

CloudZero

According to Statista , the mass volume of data created, stored, copied, and consumed in 2020 was over 64 zettabytes (ZB), or about 64 trillion gigabytes (GB). This is expected to rise to 181 ZB by the year 2025.

98
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

How to Avoid the Pitfalls of Messy Bookkeeping

Stephanie Peterson

Is your bookkeeping disorganized? Typically this occurs due to having insufficient time, an amateur bookkeeper, or failed efforts. By maintaining your books regularly, reviewing reports, and reconciling your accounts at the end of each month, you can avoid bookkeeping disasters. In addition, it is crucial to utilize the proper accounting software for your business, such as QuickBooks (ask a professional which version is right for you), as it is suitable for most small to medium-sized businesses.

article thumbnail

New Features to Help You Get the Most out of QuickBooks Online

XY Bean Counters

5 MIN READ Getting the most out of QuickBooks Online (QBO) is a process that requires a keen understanding of its features and functionality. While the fundamentals of QBO rarely change, updates and features are constantly being introduced. Just as you hone your talents in the realm of financial advisory, you should become equally capable with the technology that you rely on.

article thumbnail

RSM Australia Reduced Processing Times by 50%: Here’s How

Dext

About RSM Australia RSM Australia is a leading assurance, tax and consulting service provider to middle-market businesses and has been around for over a century. Headquartered in Perth, it has 30 offices across the country — embedded in both capital cities and regional communities.

Tax 52
article thumbnail

Top 5 Takeaways from REVx 2021

AvidXchange

During REVx 2021, we talked to dozens of financial experts, CFOs and business leaders and learned countless lessons. However, five stand out. Insight 5: Paper checks still have a serious presence It’s helpful, once in a while, to get a reality check devoid of hype and hopes of what could be. And that happened when stats from a Goldman Sachs research report shared during our discussion with Denver-area experts: 60 percent of all business-to-business payments are still made by check.

AP 52
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

Resource Rundown: Uncat

Bookkeeping Side Hustle

Review and Demo of Uncat accounting software Thrilled to bring you this demo of Uncat for accountants and bookkeepers. Check out this email I received about 30 minutes after we did the live demo. Talk about a testimonial! “I’ve been feeling so overwhelmed lately and always describe myself as chasing my tail (today I learned that I’ve actually been herding cats!).

article thumbnail

What Is Cloud Monitoring? 13 Best Practices For Complete Visibility

CloudZero

Cloud computing offers several undeniable benefits to businesses. Some of the biggest ones are agility, cost savings , data recovery, and developing new apps and services to meet changing customer needs.

article thumbnail

Information Bookkeepers Need to be Efficient and Effective

Stephanie Peterson

It is vital to provide your bookkeeper with all the necessary information and documents they need; so they can adequately record transactions. Typically, this isn't too difficult or time-consuming to do. First, a bookkeeper needs to know what kind of business entity you have and how many owners there are. Then you will need to provide copies of all bank and credit card statements from the months and/or years they request.

article thumbnail

Three Actions You Should Consider To Combat Excessive Travel Spend

Oversight

While the world-wide pandemic halted all travel for quite some time, people are slowly starting to conduct business travel again.

52
article thumbnail

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!

article thumbnail

Ron Baker’s Four Steps to Pricing Success in 2022

Dext

A professional – which includes accountants and bookkeepers – is someone who is responsible for achieving a result, rather than performing a task.

article thumbnail

How to Create a 2022 Budget Faster and More Efficiently

AvidXchange

Finance professionals could be headed towards one of the most intriguing, educational and exciting experiences in the history of annual business planning and budgeting. The reasons are numerous: More people are working from home, financial payment processes are changing, corporate strategies are being revised, and resources are being reallocated. All these dynamics could have a direct impact on how your budget planning and budgeting process unfolds this year and how your company positions itself

article thumbnail

It's Not Too Hard To Get The CPA, It's Too Much Time And Money

Cloud Accounting Podcast

Sponsors TaxDome: [link] ApprovalMax: [link] Gusto: [link] Show Notes 0:24 –Accountancy Problems – Studying Accounting at 3:00 a.m. [link] 2:24 – AOC's 'Tax the Rich' dress could've used a different slogan [link] 4:00 – As More Workers Go Solo, the Software Stack Is the New Firm [link] 7:56 – Have you used the IRS Tax Pro Account Feature? Details from the AICPA’s Weekly Weigh-In survey question. 10:14 – How Accounting Giants Craft Favorable Tax Rules from Inside Government [link] 14:0

CPA 40
article thumbnail

ECS Vs. EC2 Vs. S3 Vs. Lambda: The Ultimate Comparison

CloudZero

There are over 200 fully-featured services within the Amazon Web Services (AWS) ecosystem. AWS Elastic Compute Cloud (EC2), Elastic Container Service (ECS), Amazon Lambda, and AWS Simple Storage Service (Amazon S3) are some of the most critical services you should become familiar with.

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.