January, 2021

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Multi-Cloud Strategy vs. Multi-Service: A Smarter Cloud Approach

CloudZero

Multi-cloud has become a hot-button topic these days, with a lot of cloud experts taking a strong stance against the practice. There are exceptions and legitimate reasons why you might choose a multi-cloud strategy (e.g., you sell to customers who restrict you from hosting their data in AWS). Extenuating circumstances aside, there are far more reasons why multi-cloud isn’t a good idea.

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Planning High ACV Automated Billing and Revenue Recognition Models

Sage Intacct

The ultimate success of high ACV SaaS startups is tied directly to the CFO building the right model and financial system.

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Filing Corporate Income Tax

Billah and Associates

Corporate tax deadlines are a little different than personal tax deadlines. For tax purposes, corporations can have year-ends that are not December 31st. Corporate tax return filings are due 6 months after the year-end For eg, a December 31, 2022 year-end would have a June 30, 2023, due date. For individual taxpayers, income tax returns are due on April 30, 2021.

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A Deep Dive into Oracle NetSuite for Small Business Accounting

1st Step Accounting

As a tech forward accountant, I’m always looking for new tools to add to my toolbox to service my clients. Lucky for me, I had the pleasure of hosting a demo to check out Oracle NetSuite. They do have a new accountant program that you can check out and sign up for here. The first thing I learned during the demo was the fact that NetSuite was the first true cloud solution on the market.

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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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1099-NEC vs. MISC: How to Prepare for Next Week’s New IRS Deadline

AvidXchange

It’s tax season again and there’s something you should know — the IRS requires your company to file Form 1099-NEC (Non-Employee Compensation) to report non-employee compensation to the IRS one month earlier than in previous years. If your business paid an independent contractor more than $600 this year for services provided to your company in 2020, you’ll need to file a new Internal Revenue Service (IRS) tax form by Feb. 1, 2021.

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Ep. 107: Clive Webb - The Skills for the CFO of the Future

IMA's Count Me

Contact Clive Webb: [link] ACCA and IMA "The CFO of the Future": [link] FULL EPISODE TRANSCRIPT: Mitch: ( 00:00 ) Welcome to Count Me In IMA's podcast about all things affecting the accounting and finance world. I'm your host Mitch Roshong and I'm here to kick off episode 107 of our series. The role of the CFO has evolved and in turn the skills required of aspiring CFOs have changed too.

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Has Brexit Broken Your Xero Bank Feeds? 7 Ways to Deal with It.

FinOps.ie

Seems like Brexit is causing all sorts of problems in ways that we didn’t pre-empt. For small Irish businesses using Xero , one irritating headache that it’s created relates to using bank feeds. Xero’s Position on Irish Bank Feeds In late November 2020, Xero released the following statement: ‘Our ability to provide bank feeds for Irish banks is reliant on being able to ‘passport’ our UK- regulated status into Ireland’ [but with the Brexit transition period ending on 31 st December 2

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Project Management Series: What is Project Management?

SMB Accounting and Consulting

The term “project management” is often used in business to mean the general day to day actions associated with a project. This is only a portion of the overarching task of project management. Without a clear definition, projects can sometimes fail and there is not a clear reason as to why it happened. A trained project manager can add significant value to your business in addition to making sure daily tasks are completed.

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How To Become a Bookkeeper in 3 Easy Steps

Bookkeepers.com

If you’re looking for a lifestyle-friendly job, learning how to become a bookkeeper from home can help set you up for a great career! In this article: The Perks of a Virtual Bookkeeping Job How to Become a Bookkeeper from Home How to Become a Bookkeeper with No Experience The Perks of a Virtual Bookkeeping … How To Become a Bookkeeper in 3 Easy Steps Read More » The post How To Become a Bookkeeper in 3 Easy Steps appeared first on Bookkeepers.com.

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5 Ways AP Software & Automation Increase Control Over Finances

AvidXchange

As a finance professional, control over payments is always top of mind. So, it’s understandable to be concerned about losing control and taking on more risk by using accounts payable (AP) software and trusting automation. This blog highlights five ways automating your AP will help give you more control over your payment processes. 1. Better visibility and control You may be concerned that by hiring a company to handle these processes you won’t be able to track what’s going on with your payments

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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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Which is the best software for bookkeeping services?

Billah and Associates

Accounting and bookkeeping services in Toronto, enable small businesses to properly manage their accounts. As the business grows, managing accounts can become a challenge. Proper transaction management is necessary to know the true financial status of the business. When you hire a professional for bookkeeping services in Toronto, they can help you with accounts and management.

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SaaS COGS for VPEs: How to Help C-Suite Understand Important Metrics | CloudZero

CloudZero

When you lead engineering for a company running on AWS, every technical decision you make can have an impact on your profit margin.

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Welcome to the FinOps Blog!

FinOps.ie

Welcome to the FinOps Blog. In this blog, we’ll be sharing content to help small business owners and office managers who want to build a smooth-running finance function for themselves. Here’s what you can look forward to seeing on the FinOps Blog: We’ll share information and best practices around daily financial operations for small businesses We’ll discuss the ins and outs of topics like management accounts, accounting software and tools, and streamlining your finance workflow We’ll write about

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Spend Risk Examined: Discussing the Integrated Risk Strategy

Oversight

As we wrapped up 2020, we announced the launch of our “Spend Risk Examined” podcast series with our first episode, Finance Re-Transformation. Today, we’re excited to share that our second episode, The Integrated Risk Strategy, is now live and ready for listening at info.oversight.com/podcast.

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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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Jan 4, Monthend Bookkeeping | Procedures Manual

Bookkeeping Essentials

How to perform monthend bookkeeping tasks manual. 21 simple steps for work from home business owners who manage their own set of books. You can have accurate and timely internal financial statements.

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Accounts Payable Software Explainer: What Does it Do And How Does It Help Boost Your Business?

AvidXchange

As a finance professional, you may be struggling with your manual accounts payable (AP) paper processes and questioning what to do about it. Well, this accounts payable software explainer will help you get out from under tedious, inefficient data entry and on to more important matters. The fact is you don’t have to continue down this same difficult path.

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2023 Is the Year You Conquer Your Fear of Money Talk

FreshBooks

When I started my writing business, I avoided money conversations like the plague. Clients would ask me what my rates were and I’d change the subject by asking a question: “What’s your budget?” I told myself this was the right decision because it allowed me to gauge whether they were worth working for based on […] The post 2023 Is the Year You Conquer Your Fear of Money Talk appeared first on FreshBooks Blog - Resources & Advice for Small Business Owners.

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SaaS COGS for VPEs: Helping C-Suite Understand Important Metrics

CloudZero

When you lead engineering for a company running on AWS, every technical decision you make can have an impact on your profit margin.

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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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Ep. 108: Gary Piscatelli - Business Transformation for Today's Business Leaders

IMA's Count Me

Contact Gary Piscatelli: [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 is episode 108 of our series. Today’s conversation features Gary Piscatelli, Senior Vice President and CFO of Hunter Douglas North America.

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Spend Risk Examined: Shifting Tides of Spend Risk During a Pandemic

Oversight

With 2021 in clear view, we continue to examine the complexities of spend risk in the current environment through our “Spend Risk Examined” podcast series. Our third episode, The Shifting Tides of Spend Risk During a Global Pandemic, is available now at info.oversight.com/podcast.

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Jan 14, Tax Filing Deadlines in Canada

Bookkeeping Essentials

Canadian tax filing deadlines and due dates for GST/HST, PST, payroll source deductions, T4 and T4A information returns, WCB, business income tax returns.

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Technology Market Growth Strong Despite Pandemic, AvidXchange Research Finds

AvidXchange

With 2020 behind us, businesses in the technology market have shifted their attention to the new growth opportunities they’ll be able to capitalize on in 2021. They’re focused on how to rebuild and drive growth while overcoming challenges with the new and massive remote working trend. They’re also thinking about which technologies to invest in to improve productivity, accelerate processes and improve customer relationships.

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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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Everything is Bigger in Texas — Including Tax Fraud

Cloud Accounting Podcast

Sponsors FreshBooks: [link] QuickFee: [link] Show Notes 02:12 - Do David and Blake have any 2021 resolutions? 04:38 - Apparently NASBA Offices Narrowly Avoided the Nashville Bombing [link] 05:54 - IRS taxpayer data wasn’t exposed in SolarWinds hack, says TIGTA [link] 08:07 - Sovos buys LTax [link] 08:51 - Tax Software Firm Avalara Acquires INPOSIA [link] 09:46 - RSM acquires MondayCall [link] 12:10 - FedEx Wraps Up ShopRunner Purchase [link] 17:00 - Justice Dept. charges Texas b

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The New Age of Cloud Cost Management: Cloud Cost Intelligence (And 8 Best Practices)

CloudZero

As companies are increasingly built in the cloud, cost management has become a major issue for many engineering teams. While cloud providers like AWS offer flexibility and easy scaling, cloud costs can be opaque and difficult to track.

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BONUS | Neil Baier - CMAs Making a Difference

IMA's Count Me

Contact Neil Baier: [link] IMA Launches Global Ad Campaign to Highlight How CMAs Make a Difference in Business: [link] Watch IMA’s “The CMA makes all the difference” television commercials on YouTube: [link] Neil Baier, CMA, CFM, VP of Finance at Crescent Crown Distributing, joins Count Me In as part of the "CMAs Making a Difference" campaign, a part of a worldwide initiative at IMA.

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Construction Industry Ends 2020 with an Uptick in Jobs

NACM

The construction industry ended 2020 on a positive note with the addition of 51,000 net new jobs in December and a recovery of more than 79% of construction jobs lost since the pandemic struck the U.S. Nonresidential construction employment was behind the industry's gain, adding 29,000 net jobs.According to Associated Builders and Contractors (ABC).

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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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Jan 6, CCPC - Canadian Corporate Income Tax

Bookkeeping Essentials

The Bookkeeper's Notes, part 1 on Canadian corporate bookkeeping and income tax for a CCPC.

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New Year’s Guide to Starting Fresh And Flourishing in Finance in 2021

AvidXchange

As the new year kicks off, many of us feel a renewed sense of optimism and anticipation for the possibility of what lies ahead as we leave behind a tumultuous 2020 and start fresh in 2021. In fact, 68 percent of leaders believe their business is in a good position to grow in 2021. We learned this from our new survey of 500 business leaders summarized in a new report titled Expert Insights for Peak Performance in 2021.

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Proof That Accountants Are More Productive Working From Home

Cloud Accounting Podcast

Sponsors Rewind: [link] Practice Ignition: [link] Bookkeep: [link] Show Notes 01:10 - Sage cloud accounting offline for entire week as SMMEs wait to file returns [link] 02:02 - Sage South Africa on Twitter: "?We’re really sorry that our customers are still experiencing problems with Sage Business Cloud Accounting. We understand this is causing serious disruption to our customers’ business and we are working round the clock, with our partners, to restore the service.

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Introducing Cloud Cost Intelligence for Snowflake

CloudZero

Here at CloudZero, we work with some of the top software-driven companies out there. Like us, they’re building their products on AWS, along with whatever best-of-breed providers and vendors meet their needs. It’s no secret that in recent years, Snowflake has seen — well, some serious success. For many companies, including CloudZero, they are the data warehouse provider of choice — and an essential component of delivering their products.

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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.