Sat.Jan 28, 2023 - Fri.Feb 03, 2023

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Xero Assistance Programme extends to all small businesses in Auckland, Northland, Waikato

Xero

In the wake of extreme weather events, the Xero Assistance Programme (XAP) is being extended to all small businesses in the Auckland, Northland and Waikato regions. From Wednesday 1st February through to Friday 31st March, any small business owner, employee or their families in Auckland, Northland and Waikato regions can access three confidential and free telephone, live chat, online or face-to-face counselling sessions.

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It's 1099 Season at ADC!

Accounting Department

It is that time of the year again, tax season. Many businesses dread this time of the year - it's tough. But thankfully not as tough when you have the unrivaled support of AccountingDepartment.com. "1099 Season" spans from the beginning of the year until January 31st, and during this time, the team at AccountingDepartment.com is hard at work to prepare and review over 6,000 1099's for our clients.

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Global Media Company

ProsperOps

CASE STUDY Global Media Company Discover how ProsperOps helped a global media company's FinOps team increase their Effective Savings Rate by over 50% within six months of adoption. Challenge Despite a mature cost optimization program, use of Reserved Instances (RIs), and support from a third-party RI commitment broker, the company was only achieving a 26% ESR (85th percentile) for its $17 million per month AWS compute spend.

FinOps 130
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Password Managers – An Insightful Accountant Software Comparison

Insightful Accountant

Our readers are always asking for software comparisons, so Murph conducted a review of 10 Password Managers; tossed two out, but ranked the remaining eight for your consideration.

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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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Latest product news — February 2023

Xero

It’s time to switch to new reports If you haven’t made the switch to new reports, we urge you to start moving your work across now , so you have plenty of time to get used to them before the older versions are retired. Here are the latest features we’ve introduced to new reports: The current column in Aged reports is now automatically hidden when it’s not needed (such as when ageing by invoice date) or if it’s empty You can now run aged reports at the end of the current month by default, instead

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AccountingDepartment.com Attends Vistage ChairWorld 2023

Accounting Department

This week, AccountingDepartment.com Business Development Representative, Luke Backus, attended Vistage ChairWorld in Nashville, TN! ChairWorld is a place for Vistage Chairs to come together and attend various breakout sessions, networking opportunities, and evening fun to learn new strategies, improve leadership skills, and more.

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Proven Strategies to Help Your Accounting Firm Retain, Attract Clients

Plooto

If you have any doubts about the importance of customer service and building solid client relations, consider the following statistic from a Harvard Business Review study: Increasing customer retention by 5% can increase profits from 25 to 95%.

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Xero included in 2023 Bloomberg Gender-Equality Index

Xero

Xero’s commitment to diversity, inclusion and belonging has driven our inclusion in the Bloomberg Gender-Equality Index for the fourth consecutive year. Like last year, Xero is the one and only company headquartered in New Zealand to be included in the index, which is made up of 484 companies across 45 countries and regions. Our scores have improved each of the four years we’ve been included in the index, and we’re pleased to see our progress demonstrated in such a tangible way.

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4 Ways To Help Engineers Understand How Their Choices Affect Cloud Costs

CloudZero

When it comes to cloud costs, engineers have a particular reputation. The executive suite and finance department often share perplexing frustration about why engineers appear not to care about budgets and costs at all.

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Insightful Accountant Expanding ProAdvisor Awards Program for 2023

Insightful Accountant

Insightful Accountant will recognize a new list of up to 25 Up-n-Coming ProAdvisors, and a Top Up-n-Coming ProAdvisor for 2023.

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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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Non-Dilutive Funding: Your Guide to Getting Funded and Growing Your Business

FundThrough

For many of the small business owners, CEOs, and finance leads we work with, they need funding but don’t want to lose ownership by giving away equity in exchange for capital. They want to stay in control of the business they’ve worked so hard to build – completely understandable. The next step is to look […] The post Non-Dilutive Funding: Your Guide to Getting Funded and Growing Your Business appeared first on FundThrough.

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MHH Practice boosts efficiency with new invoicing

Xero

Accounting has changed dramatically over the last few years. Automation, digital transformation and the acceleration of the cloud have all played an important role in shaping it. But amongst all of this change, one thing remains constant: businesses need to get paid, explains Hayden Watson, Director of UK-based accountancy firm, MHH Practice. Using technology to manage invoicing is one way to help businesses get paid on time, which may explain why invoicing remains one of our most loved feature

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SRE Vs. DevOps: A Simple Breakdown Of The Differences

CloudZero

You know this already. Regardless of your size, you must keep up with technological developments in your industry — and, increasingly, in other industries, even those that seem unrelated. Embracing disruption can enable you to increase your market share, revenue, and profit margins.

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The Time is Now to Prepare for ASC 842

Insightful Accountant

LeaseCrunch's Ane Ohm takes a deep dive into the new GAAP lease accounting requirements, and six pieces of information you need to know to prepare for transition.

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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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Are You Taking Too Long to Collect on Receivables?

Enterprise Recovery

When your business has a late-paying client, follow-up calls must be handled quickly and with conviction. Late or non-paying clients cause your business to write receivables off as bad debt, and they could cause the deterioration of your business relationships. Or you could escalate to a professional B2B collections agency that values your business relationships and your cash flow.

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Why you should connect with your community this summer

Xero

The summer months are some of the busiest of the year for small business owners. As the peak period for gifting, festivities and tourism, many entrepreneurs aim to make the most of the seasonal buzz. But for some, this comes at a cost. Increased demand can equal longer hours and higher overheads in wages and supply costs (which is particularly prevalent in today’s economic environment).

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Financial Consolidation Guide for Multi-Entity SaaS Companies

Sage Intacct

External demands for a faster financial consolidation process are regularly placed on SaaS accounting departments. SaaS companies with multiple locations, subsidiaries, or operations, means that each entity will have its own chart of accounts, and more than likely has its own individual bank accounts, jurisdictions, and perhaps tax structures. When dealing with disparate entities, risk and error goes up, while financial accuracy goes down – stressing the importance of having a centralized system

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Ignition Appoints Drew Woodcock as Global VP of Sales

Insightful Accountant

The hire brings extensive experience in building, optimizing and leading high performing sales teams across vertical SaaS businesses in the US.

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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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6 Trends in B2B Payment Technology

MineralTree

In 2023, most B2B payment technology trends will focus on navigating economic uncertainty, cultivating talent, optimizing efficiencies, and embracing digitization. CFOs and finance teams will also use the year ahead to zero in their focus on business process improvements and increasing visibility, particularly in regards to cost and spend analytics.

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Podcast - The secret to healthy business growth

finout

The Modern CTO is talking with our CEO and Co-Founder, Roi Rabhon, about how young people can think creatively out of problems into new solutions; Roi’s workplace culture that allows for entrepreneurs to be born out of the company; and why “growing healthy” in business is a result of proper KPI alignment.

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Non-Dilutive Funding: Your Guide to Getting Funded and Growing Your Business

FundThrough

For many of the small business owners, CEOs, and finance leads we work with, they need funding but don’t want to lose ownership by giving away equity in exchange for capital. They want to stay in control of the business they’ve worked so hard to build – completely understandable. The next step is to look […] The post Non-Dilutive Funding: Your Guide to Getting Funded and Growing Your Business appeared first on FundThrough.

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AvidXchange Bolsters Leadership Team

Insightful Accountant

The company made several moves to drive its organizational agility and operational synergies, including naming Dan Drees as President and James Sutton as Chief Revenue Officer.

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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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Resetting in the New Year – What I’m focusing on this year

1st Step Accounting

2022 was a busy year for me. I traveled a lot. I worked a lot, and I fell behind A LOT. I constantly felt like I would never catch up. Well, I vowed not to have this same overwhelming feeling going into the new year. 2023 is the year of playing offense and delivering better customer service to my customers because I know they have not gotten the best version of me and my team over the past year.

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Remote Work Accountants Are More Billable

Cloud Accounting Podcast

Recession needed to increase accounting grads; Amber Setter on improving the CPA pipeline; 2023 tax season officially starts; tech layoffs hit accounting tech Sponsors Keeper - [link] LiveFlow - [link] Anchor - [link] Need CPE? Subscribe to the Earmark Accounting Podcast: [link] Get CPE for listening to podcasts with Earmark CPE: [link] (00:00) - Thank you to our sponsor, Keeper (00:20) - Preview : Accountants are prestressed for busy season (00:56) - Blake is in Tucson; Welcome Amber to the sh

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Accounting Leads: 21 Tactics to Generate More

Future Firm

If you’re looking for tried, tested, and true tactics to help you generate more accounting leads for your firm, you’re in the right place. Read on to access 21 actionable methods that you can implement to help increase your client base. Let’s go! Table of Contents What is Lead Generation for Accountants 21 Tactics to Help You Generate Leads What is Lead Generation for Accountants?

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QuickBooks, Mailchimp to Host Fireside Chat for Black History Month

Insightful Accountant

The virtual fireside chat highlighting the challenges and courage of small business owners features actress Issa Rae, and TV host and former NFL player Nate Burleson. Get the details for the Feb. 1 event here.

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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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Development Firm Ramps Up Payment Processing Speed with AvidXchange

AvidXchange

Located in New York City, Douglaston Development is a real estate development company committed to revitalizing and growing neighborhoods. They specialize in building residential developments including high-rise rentals and condominiums, affordable housing, hospitality, senior housing and mixed-use. Douglaston Development controller shares how TimberScan and AvidPay modernize accounts payable Adam Ditchfield graduated from CUNY Queen’s College in New York with his bachelor’s degree in accounti

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Founding Principles of Growth with Darren Root

Jetpack Workflow

Podcast Welcome Today, we sat down with Darren Root, Chief Strategist at Rootworks & Right Networks. Rootworks is a company of Right Networks. They focus on firm improvement and emphasize the drive of helping small to medium-size accounting firms improve every day. Let’s jump right in. Meet Darren Root Darren has managed his own CPA firm for over 30.no sorry. 35 years.

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How Should You Use AI in Your Firm Right Now?

Future Firm

Wondering why AI is a hot topic these days? In this episode, I’ll explain how AI can be properly integrated into a firm’s operations and how it can increase business growth and competitiveness. Listen Below. 00:35 – I received a question from a LinkedIn user on how I see AI playing out this year for accounting firms. 1:30 – I talked about recent buzz around ChatGPT, a conversational AI model that can interact with users. 1:52 – A good example of this is a Twitter us

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Getting Ready for Top 100 – Tips & Tricks Part 2

Insightful Accountant

Murph spills the beans on criteria for the new QBO-Advanced and QuickBooks Enterprise Categories—what defines each bloodline, so to speak.

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Global Accounting Principles and Commission Capitalization

Speaker: Ryan Dillard, Chief of Staff Director at CBIZ ARC Consulting LLC; Kelly Hicks, Global Controller at Airbase

ASC 606 is the revenue recognition standard that sets global accounting principles for all private or public companies that enter sales agreements or contracts with customers. Along with ASC 606, ASC 340-40 was added to address accounting costs to obtain a contact and costs to fulfill a contract. Join us for this webinar when Airbase Controller Kelly Hicks and Ryan Dillard, a Director at CBIZ ARC Consulting explore how to approach capitalizing sales commissions under ASC 340-40.