July, 2024

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4 Financial KPIs Every Growing Business Should Monitor

Accounting Department

In today's competitive business landscape, staying ahead of the competition requires more than just a great product or service. Entrepreneurs, small business owners, and financial analysts must focus on tracking key financial metrics to ensure their company's growth and financial health.

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The Fastest-Growing Firms: The secret sauce of growth

Accounting Today

Some of Accounting Today's fastest-growing firms share what turbo-charged their expansion over the past year.

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How Intuit transformed tax filing experiences for millions of consumers with AI/GenAI this tax season

Intuit

For years, Intuit has leveraged artificial intelligence (AI) to transform how consumers and businesses manage their finances for the better. Deploying these technologies responsibly and at scale is no easy feat. Through early investments in building an AI-driven expert platform, where AI supercharges human experts, and human experts supercharge AI , Intuit is serving customers at the cutting edge of today’s AI and data revolution.

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How the Xero Beautiful Business Fund helped a sustainable farmers’ market start to sow new communities across South Africa

Xero

“After my partner and I were attacked in our home, we had a lot of questions about how to help improve the safety of our neighbourhood and a create a sense of community where neighbours don’t hide behind high walls,” said Sheryl Ozinsky, co-founder of Oranjezicht City Farm (OZCF), a non-profit project celebrating local food, culture and community in Cape Town, South Africa.

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Building a Business Case for Finance Automation

Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.

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Improve Invoice Matching Rates in Your School or MAT

Compleatable

Watch: Improve Invoice Matching Rates in Your School or MAT Fill in the form to access the video recording of our Compleat Education webinar looking specifically at boosting your invoice matching rates. Name Work Email Address Job Title Watch the video Improve Invoice Matching Rates in Your School or MAT The post Improve Invoice Matching Rates in Your School or MAT first appeared on Compleat Software.

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How Do FinOps Teams Continue to Add Value in an Optimized Environment?

FinOps Foundation

Key Insight: FinOps at enterprise scale requires ongoing discipline, improvement, and maintenance; even if you think you have it all right, new challenges await as your cloud footprint and utilization increases. Accenture helps clients add FinOps Capabilities sequentially – for example, “you might start with tooling and visibility and then move to forecasting” – and simultaneously establishes a regular cadence for governance meetings with both the teams consuming cloud and with senior leadership

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How modern CPA firms are leaving the old partnership model behind

Accounting Today

The CPA industry is undergoing profound change, reshaping the landscape of professional services.

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 Effective tools for teaching financial literacy

Intuit

The importance of teaching financial literacy to students According to Intuit’s Financial Education survey , 81% of high school students get their financial knowledge from their parents or guardians. But approximately only 57% of adults in the U.S. are financially literate. This represents a financial knowledge gap for adolescents and how well they’re positioned to enter young adulthood with good financial habits.

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Constructing a brighter future for people in poverty

Xero

“The whole point of Building Up is to connect people with barriers to employment to careers in construction,” explained Marc Soberano, founder of non-profit project Building Up. “We help people break the cycle of poverty and make a life for themselves.” Building Up was one of the 2023 recipients of funding from the Xero Beautiful Business Fund , winning the ‘Strengthening Community Connection’ for their inspiring community building work as a non-profit social contractor.

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How to prepare Accounts Payable to adapt to e-invoice mandates

Cevinio

From understanding regulations to choosing the right software and automating processes, this guide covers everything businesses need to adapt and […]

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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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Automate Purchasing & Invoice Matching Seamlessly into MIP

Compleatable

Watch: Automate Purchasing & Invoice Matching Seamlessly into MIP Fill in the form to access the video recording of our Compleat for Non-Profits webinar looking specifically at our API integration with MIP Fund Accounting. Name Work Email Address Job Title Watch the video Automate Purchasing & Invoice Matching Seamlessly into MIP The post Automate Purchasing & Invoice Matching Seamlessly into MIP first appeared on Compleat Software.

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Elevate Your Business with Client Accounting Services

Accounting Department

Growing a business is a multifaceted challenge that requires careful financial management. For many business owners, juggling daily operations while keeping track of finances is daunting. Enter Client Accounting Services (CAS), a crucial element for business growth that improves financial accuracy, reduces costs, and offers expert financial guidance.

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The 2024 Accounting Today Salary Survey

Accounting Today

What accountants are making in salary and bonuses, and other results of our inaugural compensation survey.

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Fine Art Galleries in Inglewood   

Intuit

Art galleries in Inglewood, California, and the surrounding areas While Inglewood doesn’t have the name recognition of its larger neighbor, Los Angeles, it does offer a variety of exciting experiences for travelers. From its diverse culinary scene to world-class shopping and entertainment, there’s a little something for everyone in this city of more than 100,000.

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Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.

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Three simple ways to transform money management

Xero

This guest blog was written by the team at GoCardless. Running a small business can mean moving between being a general manager to a customer services contact, marketing lead and, in some cases, debt collector. Without the proper processes in place, managing payments can take up too much time and even result in bigger problems. In fact, the Office of National Statistics shared that poor cash flow is responsible for up to 90% of new businesses failing.

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Dynamics GP. stay or go? Tips from Summit NA Roadshow Chicago.

Fidesic blog

We had a blast at Summit Roadshow on Wed. If you missed our live recap yesterday we'll be sharing highlights form it here over the next couple of weeks, starting with Jim Bertler's session Dynamics GP.

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Day 2 Keynote at FinOps X 2024

FinOps Foundation

Key Insight: The 2024 Day 2 Keynotes brought something brand new to FinOps X: feature announcements from the three largest clouds. Google Cloud, Microsoft, and AWS all announced support for FOCUS 1.0 with native billing exports, and revealed a number of important enhancements for FinOps Practitioners. Also on Day 2, American Express shared challenges they face on their FinOps journey, and Mike Fuller, CTO at the FinOps Foundation, discussed key considerations around FinOps tooling and services.

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Avoid These Common Accounting Mistakes for Growing Businesses

Accounting Department

Growing a business can be an exhilarating experience, but it comes with its fair share of challenges. One crucial area that requires meticulous attention is accounting. Proper accounting practices are the backbone of financial stability and growth, yet many small to medium-sized businesses (SMBs) often overlook them.

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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

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States that rely the most on sales taxes

Accounting Today

Where does sales tax drive the most local revenue?

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Top Remote Accounting Candidates for Hire | July 18, 2024

accountingfly

Top Remote Accounting Candidates This Week Looking for remote accountants? Accountingfly can help! With our ‘ Always-On Recruiting ‘ program, you can access highly skilled and experienced remote accounting candidates with no upfront cost. These are just a few of our top remote accounting candidates this week. Sign up now to receive the full list of top accounting candidates available weekly!

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Do You Have a Migration Story to Share?

Insightful Accountant

Murph wants to know if you have a story to share regarding migrating from QuickBooks Desktop to QuickBooks Online. We are looking for contributors with either a 'great' experience, a 'bad experience', or both.

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Dynamics GP. stay or go? Tips from Summit NA Roadshow Chicago.

Fidesic blog

We had a blast at Summit Roadshow on Wed. If you missed our live recap yesterday we'll be sharing highlights form it here over the next couple of weeks, starting with Jim Bertler's session Dynamics GP.

AP 130
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Cash Flow Secrets Every Upskilled CPA Should Know

Speaker: Debra L. Robinson

CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.

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The Evolution of FinOps: Day 1 Keynote Themes from FinOps X 2024

FinOps Foundation

Key Insight: The FinOps X 2024 Day 1 Keynotes covered the Evolution of FinOps to include more technology spending beyond public cloud, FinOps for AI, cost-aware product decisions, carbon-aware FinOps. Stories from Disney and Uber spoke to the the constantly changing FinOps landscape, the FOCUS 1.0 GA launch landed and an executive panel of VPs from AWS, Microsoft and Google spoke together.

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Mastering Financial Success for Your SMB

Accounting Department

Running a small to medium-sized business (SMB) comes with its own set of challenges and rewards. One of the most pivotal aspects of ensuring your business's success is strategic financial planning. While it might seem daunting, mastering this process can propel your business growth and profitability to new heights. This blog post will walk you through the critical steps in strategic financial planning tailored specifically for SMB owners.

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20 states that collect the most tax per capita

Accounting Today

The top state takes in $7,200 in tax per capita.

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How to Use QuickBooks Enterprise for Order Management

Ace Cloud Hosting

One of a business’s most frequently overlooked elements is its order management. Companies must coordinate the entire process, from when customers place orders until they receive their product or service.

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Profit in the Details: Rethinking Spend for Monumental Impact

Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g

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Building Cultures That Actually Work in Accounting Firms

Insightful Accountant

In the high-pressure world of tax and accounting, where long hours and strict deadlines are the norm, building a strong organizational culture is crucial for addressing burnout and reducing turnover.

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Keeping Dynamics GP Fresh

Fidesic blog

Seldom used features in Dynamics GP! Keeping GP fresh with tricks you might not know.

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Hiring Update: July 2024 | Advisory, Hybrid, and Hiring Turnover

accountingfly

Sharing our perspective on the latest trends impacting talent acquisition in the accounting industry – Advisory, Hybrid, and Hiring Turnover. All content is 100% written by the real humans working here at Accountingfly. Market Trends: Swiping Right On Advisory; The Harder Way to Hire Hybrid, Culture Fit is Hard Everyone Loves Advisory More and more Accountingfly clients are looking to hire “financial whisperers”–candidates who provide meaningful business advisory services to firm cl

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Maximizing Cash Flow During the Summer Slowdown

Accounting Department

Summer can be a challenging time for many businesses, with sales often dipping as customers take vacations and routines shift. But a slowdown doesn't have to mean a cash flow crisis.

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Navigating Bleisure Travel: A Guide for Mid-Sized Companies

Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.