October, 2023

article thumbnail

3 Realities to Make your C-Suite Care about AP Automation

Fidesic blog

Whether you’re talking about your COO, CFO, CIO or the entire executive suite, these folks are probably juggling a lot of moving parts. If they are hesitant to invest or even spend time discussing AP automation, it’s probably because they are dedicating their busy calendar time to what they see as more important and more exciting.

AP 242
article thumbnail

IRS to offer free direct file online tax system in 13 states

Accounting Today

The Internal Revenue Service plans to run a limited pilot test of its free online tax system in 13 states next tax season, but it will only support certain tax credits.

Tax 349
professionals

Sign Up for our Newsletter

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

article thumbnail

Hiring Hybrid for Tax Season (and Beyond)

accountingfly

Hiring Hybrid for Tax Season (and Beyond) Having trouble staffing up for tax season? You’re not alone! The market is tough: candidate supply is still historically low, and many candidates are still looking for remote roles. Meanwhile, many firms are adopting rigid return-to-office policies, which limits their candidate pool to the local market (instead of hiring nationally) and is less appealing to candidates.

Tax 104
article thumbnail

How to think like a cyber criminal to protect your business

Xero

Over the last 12 months, millions of customers around the world have been impacted by some of the biggest data breaches in history. As a small business or advisor working with sensitive personal and financial information every day, the stakes are high. If your business or practice experienced a data breach, it could have a serious impact on your livelihood.

XERO 279
article thumbnail

5 Steps to Shield Your Business: The Ultimate Guide to Avoiding Payment Fraud

As scams grow more sophisticated, it's crucial to stay proactive in defending against these threats. This guide equips CFOs, accountants, and business leaders with five essential steps—from fundamental safeguards to advanced security measures to strengthen your financial defenses. From enhancing data security to implementing fraud detection tools and safeguarding financial transactions, this guide provides expert advice that could save your company millions.

article thumbnail

DEI: Powering prosperity for all

Intuit

Corporate diversity, equity, and inclusion (DEI) has been a part of who we are since our founding 40 years ago. We continue to find new ways to foster a company culture that’s as diverse as the communities we serve, and to integrate inclusion and equity into how we operate as a business. Each year, we share an update on this work through our DEI Report.

article thumbnail

Avoid These Common Budgeting Mistakes for Your Business

Accounting Department

Budgeting is crucial for any business that wants to succeed in the long term. As a business owner or CFO for a small to medium-sized business, you may have experienced the challenges of creating and implementing a budget.

Budgeting 233

More Trending

article thumbnail

IRS offers process for withdrawing bogus ERC claims

Accounting Today

The Internal Revenue Service is giving employers a way to rescind inaccurate claims for the Employee Retention Credit if they've fallen victim to a scam at the hands of so-called "ERC mills.

Tax 325
article thumbnail

Chase Bank Requires QuickBooks Accounts' Reconnections

Insightful Accountant

As part of security enhancements being implemented between mid-October and the end of November 2023, Chase Bank will require all QBO and QuickBooks Desktop users to reconnect their bank connections.

article thumbnail

Our new AI-powered contact predictions have arrived

Xero

We recently announced at Xerocon Sydney that our team was busy enhancing the AI algorithms that power bank reconciliation in Xero, so it would recognise new contacts in your statement lines (even when they’re not in your contact list). We’re excited to share that this new feature is now live and available to all Xero customers globally. Here’s how it works and how to recognise it when it appears in your bank reconciliation.

article thumbnail

Small Business Insights from the Intuit QuickBooks Small Business Index Annual Report 2023

Intuit

Table of Contents Overview Key findings Overview Small businesses play a pivotal role in the global economy as engines of innovation and job creation. Despite their critical importance, the insights needed to fully understand the health and challenges of small businesses have been in short supply. Until now. This year marks the inaugural release of the Intuit QuickBooks Small Business Index Annual Report.

article thumbnail

How to Navigate Revenue and Expense Management: Competitive Insights for Financial Success

Speaker: Hilary Akhaabi, PhD - Founder, Chief Financial & Operations Officer at Go Africa Global

In the fast-paced world of corporate finance, staying ahead of the curve is crucial for sustainable growth and profitability. This exclusive webinar with leading expert Hilary Akhaabi, PhD, will teach you practical ways to navigate complex financial landscapes and enhance your company's revenue management capabilities. Whether you're aiming to refine your financial strategies or seeking innovative solutions to drive performance, this new session is for you!

article thumbnail

ADC Reinvents at EO Nerve 2023

Accounting Department

Our team rounded out another successful year of EO events last week while attending EO Nerve. ADC Business Development Representative, Shawn Marcum, and Content Manager, Mike DeFusco, attended the multi-day event in Tampa, FL.

227
227
article thumbnail

Could a simple licensing change increase the number of CPAs by 15%?

Blake Oliver

A University of Denver professors suggests replacing the 150-hour rule with a four-year degree and two years of work experience.

CPA 129
article thumbnail

EAs call on IRS to restart balance due notices

Accounting Today

The National Association of Enrolled Agents is asking the Internal Revenue Service to resume sending reminder notices immediately to non-filers and those with balances due of more than $10,000.

Tax 325
article thumbnail

The Secrets to Lasting Business Growth for Non-Marketers

Insightful Accountant

Everything comes down to marketing. Balanced Awakenings' Dr. Hannah Yang provides some insights practice owners can use to help leverage their market strategies and build momentum.

111
111
article thumbnail

How To Streamline Finance Operations Through Automation

Speaker: Claire Grosjean

In today’s fast-paced business environment, finance professionals are under increasing pressure to optimize operations and drive strategic value. As a result, automation has become a core part of business strategy, offering unprecedented opportunities to streamline operations and drive efficiency. Join esteemed global finance and operations executive, Claire Grosjean, for a comprehensive guide on how to harness automation’s power through strategic collaboration with functional leaders.

article thumbnail

How small businesses can get themselves ready for Cyber Monday

Xero

This guest blog was written by the team at ecommerce accounting integration, Amaka. Cyber Monday was originally an opportunity for ecommerce businesses to dish out huge promotions after Thanksgiving in the United States, but it’s now become a phenomenon around the world. In 2022, Cyber Monday brought in a total of $ 11.3 billion USD in the United States alone, representing one of the biggest online shopping days of the year.

XERO 261
article thumbnail

Powering A More Sustainable Future Through Solar Energy in Virginia and West Virginia

Intuit

In support of our Climate Positive Program’s commitment to reduce 2 million metric tons of carbon dioxide equivalent emissions outside our operations by 2030, we are investing in equitable deployment of sustainable solutions like renewable energy. The program aims to support a ‌transition to 21st-century renewable energy sources coupled with job and learning opportunities for students in underserved communities.

Billing 200
article thumbnail

The BILL Spend & Expense Approach to Making Expense Management Easy

Accounting Department

When running a business, keeping track of expenses can be a daunting task. From petty cash expenses to vendor payments, you need to ensure every penny spent is accounted for. That's where expense reports come in.

article thumbnail

11 Best Movies Accountants Must Watch in 2024

Ace Cloud Hosting

In a world where numbers and spreadsheets often take center stage, it’s time for accountants and financial enthusiasts to let their hair down and embrace the cinematic side of life.

article thumbnail

Top 3 Secrets to Staying Relevant with Gen Z

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant or getting "ghosted" if they fail to meet the evolving needs of Gen Z consumers. In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will reveal key considerations banks should factor into their efforts to develop target products for the next generation of bank customers.

article thumbnail

IRS introduces business tax accounts as it targets big corporations for audits

Accounting Today

The Internal Revenue Service is making improvements to its online tax professional accounts and hiring more accountants as it ramps up enforcement.

Tax 357
article thumbnail

It's Time for QBTalks and the QBO Update

Insightful Accountant

Join Liz Scott on Wednesday, October 18, 2023 at 2 PM Eastern for the latest and greatest news about the QuickBooks Online product line-up. You won't want to miss it.

article thumbnail

How beating the digital drag can help fuel your small business growth

Xero

From your local plumber and barber, to your favourite cafe, these small businesses sit at the heart of our communities. They are the ones driving jobs, economic growth and a place for people to come together. These smallest businesses — those employing up to nine people — make up 15% of the UK’s turnover, and provide over a quarter of jobs. But despite this, a “digital drag” is holding the smallest firms back from reaching their full potential.

XERO 238
article thumbnail

Community Association Management Industry Trends for 2024 

AvidXchange

Community association managers have many responsibilities. From fielding resident concerns to handling accounting and legal matters to ensuring the maintenance of amenities and much more. These duties are made more difficult when working in an environment with outdated tools and inefficient processes. To better support employees, many community association management companies are turning to digital tools.

AP 105
article thumbnail

Breaking New Ground: Managing Innovation Fatigue With Effective Automation

Speaker: Gary Dmitriev

Our upcoming webinar aims to demystify the process of selecting and implementing automation tools for financial institutes. This session will provide your roadmap for vetting potential solutions, focusing on due diligence, vendor assessments, and aligning technology with strategic goals. We’ll also address the critical issue of innovation fatigue, offering tips on maintaining enthusiasm and momentum for new initiatives.

article thumbnail

It's Fantasy Sports Season at ADC! | Beyond the Books Podcast by AccountingDepartment.com

Accounting Department

In this episode, join Kevin, Alicia, and Sarah as they discuss the setup and execution of various fantasy sports leagues throughout the year.

257
257
article thumbnail

Top Cloud Models for QuickBooks Desktop

Ace Cloud Hosting

As technology continues to evolve rapidly, it is no surprise that small businesses and entrepreneurs are constantly looking for innovative ways to enhance their operations. While QuickBooks Desktop has been.

article thumbnail

Younger accountants more likely to leave employers

Accounting Today

Young accounting and finance professionals have been seeing the highest turnover over the past two years and are most likely to leave their current jobs over the next year, according to a new report.

article thumbnail

NetSuite Extends Analytics Warehouse

Insightful Accountant

By extending Analytics Warehouse, NetSuite hopes to help customers gain greater and faster value from their data. Companies are using the newly enhanced AI-powered features of NSAW to simplify data management and access greater insights.

111
111
article thumbnail

Secure SaaS Success: Embedded Finance as a Competitive Advantage

Speaker: Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms

Join us for an exclusive webinar hosted by Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms, where he’ll explore the significant impact of embedded finance on the software industry! This session is designed to provide you with the strategic insights needed to navigate the future of SaaS successfully, all while gaining a deeper understanding of how these trends can enhance your competitive edge, boost revenue, and deepen customer loyalty.

article thumbnail

The single client record is coming: here’s what your practice needs to know

Xero

*Please note that while the process remains the same, all references to Xero Tax are applicable to Australia and New Zealand only. One of the most important ways we’re helping you save time and grow your practice is by moving towards a future where Xero Practice Manager (XPM), Xero HQ and Xero Tax will be seamlessly connected. This will streamline your workflows and give you confidence that your data is accurate and your teams are all working from the same information – no matter what practice

XERO 235
article thumbnail

2024 Real Estate Forecast

AvidXchange

As the year winds down, professionals in the real estate industry are naturally looking forward, planning budgets and goals for next year. Our 2024 real estate forecast predicts significant change in the retail and commercial sectors as well as an increased focus on building organizational efficiencies with technology. Below are a few of the top trends that will impact the 2024 real estate forecast.

Budgeting 105
article thumbnail

Is It Time to Outsource Your Bookkeeping? A Guide for Business Owners

Accounting Department

Managing the financial aspects of a business is a critical task that demands accuracy, expertise, and time. As your business grows, so does the complexity of your financial transactions, leaving you with less time to focus on core operations.

article thumbnail

How Artificial Intelligence Will Impact the Accounting Industry?

Ace Cloud Hosting

Artificial intelligence, a technology that’s been more than just a buzzword in recent years, has laid its foot in the accounting industry. Think about it—every day, we use tools with.

article thumbnail

How to Easily Navigate Crypto Accounting in the Web3 Era

Speaker: Aaron Jacob, VP of Accounting Solutions & Reagan Cook, GTM Lead

Are you struggling to navigate the complexities and challenges that come with crypto accounting? 🤔 This new webinar will cover everything businesses need to know to get started with crypto accounting after incorporating crypto into their business models! Industry experts Aaron Jacob and Reagan Cook of TaxBit will thoroughly explore the prevalent operational hurdles encountered by accounting teams when interacting with crypto on the books, and detail how software solutions can effectively