Ascend Software blog

MAY 25, 2023

Accounts Payable (AP) automation is revolutionizing the way businesses manage their invoice and payment processes. By replacing manual tasks with automated systems, AP automation can generate significant cost savings and efficiency improvements. But what do these savings look like in real terms? This blog post delves into the research and survey data to provide a comprehensive picture of the cost benefits of AP automation.

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Xero

MAY 23, 2023

In just a few months, we’re heading back to Sydney’s iconic Darling Harbour for Xerocon 2023! On 23 and 24 August, we’re bringing our partner community together from across the globe for two inspiring days. So what can you expect? As the world’s most beautiful and innovative conference for cloud accounting leaders, this is your opportunity to see world-class speakers and entertainers, hear thought-provoking updates from Xero’s leadership team, and take home practical learnings from the Xero show

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Accounting Department

MAY 23, 2023

In today's fast-paced business environment, organizations must leverage the right tools and technologies to stay competitive and achieve sustained success. Efficient management of enterprise resources is critical for smooth operations and growth.

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Accounting Accounting 212

Fidesic blog

MAY 22, 2023

As back-office processes like accounts payable are evolving to become more of a value driver in a data-driven world, a sluggish accounts payable process is a serious handicap for any business. Whether you are just getting started in a new business or looking to enhance an aging process, this post will help you think about how to create a more efficient AP process.

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AP Accounts Payable Accounts Payable Accounting 130

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.

Accounting

Ascend Software blog

MAY 23, 2023

In the realm of financial operations, accounts payable holds a crucial role. However, it is not without its fair share of challenges. Managing invoices, payments, and vendor relationships can be a complex and labor-intensive process, prone to various pains that hinder efficiency and accuracy. In this blog, we will explore the top pains of accounts payable and discuss strategies to overcome them.

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Xero

MAY 24, 2023

It’s often said that (almost) no one goes into business to do their own accounting. So it’s no surprise that many entrepreneurs lean heavily on a trusted advisor for support, particularly around busy times like EOFY when tax, compliance, payroll and other business obligations come into play. For those on the Xero platform, collaborating with your accountant or bookkeeper is simple via the cloud.

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Insightful Accountant

MAY 22, 2023

Intuit has significantly enhanced the custom workflow feature within QuickBooks Online Advanced. Murph shows why the new workflows are easier and better than ever.

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QuickBooks 111

Cloud Accounting Podcast

MAY 25, 2023

We're back from ExpensiCon in Italy with thoughts on Expensify's future and the future of spend management; a report from Kristen Keats at Accounting Today's Firm Growth Forum conference; ChatGPT coming soon to a Wendy's drive-thru near you! Sponsors CCH Access - [link] SuiteFiles - [link] Client Hub - [link] Chapters (00:25) - Every Payment Is A Conversation (01:11) - Blake and David are back from Italy (05:01) - Let’s talk about ExpensiCon (10:09) - The original Expensify and ExpensiCon (12:36

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Xero

MAY 23, 2023

With the busy summer season approaching in the northern hemisphere, many small businesses are gearing up for the busiest time of the year. And while the increase in customers provides a nice boost in revenue, the summer months also bring unique challenges. If your small business is one that experiences heavy traffic during the summer season, you’re likely preparing to meet the steep demand while also keeping your team motivated and focused.

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Future Firm

MAY 24, 2023

Here is my complete guide to emerging accounting technologies for 2023. In this guide, you’ll learn about the top accounting technology in the profession along with some tips and tricks on how to leverage them. So if you’re looking to leverage software to automate your accounting work, you’ll love this guide. Let’s go! Table of Contents Cloud Computing Artificial Intelligence & Machine Learning Optical Character Recognition Robotic Process Automation Blockchain Big Data The Metaverse Mobile

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Accounting Accounting Computation XERO 98

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.

Insightful Accountant

MAY 23, 2023

B2B CFO's Don King continues his multi-arc series on explaining why mastering these areas will help management monitor their financial performance and identify areas for improvement—among other things.

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Financial Reporting 105

Plooto

MAY 24, 2023

Smart cash management strategies are required for businesses of all sizes to succeed. Small businesses are particularly vulnerable to running out of cash due to economic downturns, poor cash flow management , and inadequate long-term planning.

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Accounting Accounting 98

Xero

MAY 23, 2023

With another epic Xero Awards evening behind us, it’s time for us to reflect on the success of our accounting and bookkeeping community. Judged by Xero leadership and a panel of guest judges from across the accounting industry, the 2023 Xero Awards programme for the UK & Ireland celebrated the rockstar accountants, bookkeepers and app partners across the region.

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SSI Healthcare Rev Cycle Solutions

MAY 24, 2023

May 24, 2023 9 Essential Questions Revenue Cycle Leaders Should Be Asking About Their Claims Clearinghouse Vendors Welcome to the world of healthcare revenue cycle management, where every aspect of your business is crucial to success. It’s not just about having any partner but having the right partner that can make all the difference. At times, settling for a vendor that is simply “good enough” might seem like the easiest option, but it can ultimately hold your organization ba

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Revenue Cycle Revenue Cycle Management Billing Tax 98

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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.

AP

Insightful Accountant

MAY 23, 2023

The solution integrates controls capture directly into financial close and other processes, reducing complexity, costs and compliance implementation and maintenance efforts.

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Nanonets

MAY 22, 2023

Startups face a multitude of challenges as they seek to transform their innovative ideas into profitable businesses. Among these challenges, setting up effective financial controls often gets overlooked in the whirlwind of activities. However, establishing robust financial controls is fundamental to the sustainability and growth of any startup. It ensures financial integrity, reduces risks, and aids in decision-making.

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Budgeting Invoicing Auditing Financial Operations 98

Tipalti

MAY 20, 2023

Looking for digital payment alternatives to Payoneer and Payoneer Mastercard? Check out our top picks for reliable and secure payment solutions.

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SSI Healthcare Rev Cycle Solutions

MAY 24, 2023

May 24, 2023 9 Essential Questions Revenue Cycle Leaders Should Be Asking About Their Claims and Clearinghouse Partner Welcome to the world of healthcare revenue cycle management, where every aspect of your business is crucial to success. It’s not just about having any partner but having the right partner that can make all the difference. At times, settling for a vendor that is simply “good enough” might seem like the easiest option, but it can ultimately hold your organizatio

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Revenue Cycle Revenue Cycle Management Billing Tax 97

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.

Insightful Accountant

MAY 25, 2023

Intuit has set November 13 thru 15 as the dates for the 2023 QuickBooks Connect event. The Aria Las Vegas will once again be 'conference central' for the event.

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QuickBooks 104

Reconciled Solutions

MAY 23, 2023

For small business owners operating as partnerships, understanding the intricacies of partnership distributions and guaranteed payments is crucial. The post Partnership Distributions and Guaranteed Payments: what’s the difference? appeared first on Reconciled Solutions.

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Reconciling Bookkeeping 93

Enterprise Recovery

MAY 26, 2023

When you're growing a business, a late-paying client can be frustrating. You have to dedicate time and resources to figure out what happened and why. You have to pull yourself together enough to have a conversation about money - something that's not easy for many people. The most important thing to remember is that your business fulfilled its part of the deal, and now your client owes your business.

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Accounts Receivable Accounts Receivable Account Receivables Collections 74

Accounting Tools

MAY 24, 2023

Related Courses Closing the Books The Soft Close The Year-End Close What is a Soft Close? A soft close is defined as closing the books using an abbreviated closing procedure. By using a soft close, the accounting department can issue financial statements very quickly and then return to its normal day-to-day activities. This enhanced closing speed comes at a cost, for the accuracy of the financial statements is reduced by the various revenue and expense accruals that are normally included in a mo

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Accruals Financial Statements Account Reconciliation Auditing 75

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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!

Accounting

Insightful Accountant

MAY 23, 2023

Murph takes another peek at Hour Timesheet, a DCAA-compliant timekeeping software that integrates with QuickBooks Online or QuickBooks Desktop.

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QuickBooks 103

LedgerDocs

MAY 26, 2023

In recent years machine learning has been improving the way that we approach bookkeeping. It allows businesses to extract actionable insights from their financial data easier and faster. ML-powered bookkeeping and document management systems have the ability to transform raw financial data into valuable reports that help drive more informed decision-making.

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Bookkeeping Data Entry Budgeting 67

CloudZero

MAY 26, 2023

Every day, CloudZero helps SaaS companies understand their cloud environments and take consistent steps forward on the journey to cloud cost maturity. We discuss this a lot on our blog.

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Accounting Tools

MAY 21, 2023

Related Courses The Balance Sheet The Interpretation of Financial Statements What are the Contents of a Cash Basis Balance Sheet? Under the cash basis of accounting , transactions are only recorded when there is a related change in cash. This means that there are no accounts receivable or accounts payable to record on the balance sheet , since they are not noticed until such time as they are paid by customers or paid by the company, respectively.

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Accruals Accounts Payable Accounts Payable Accounts Receivable 76

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!

Accounting

Insightful Accountant

MAY 21, 2023

Xero's Ben Richmond shares some takeaways every accountant can glean from the FIFA Women’s World Cup 2023.

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Jetpack Workflow

MAY 25, 2023

Podcast Summary Today we welcome back guest Jeff Jacobs where we talk through some interpersonal conversation that dives much deeper than the accounting business itself. Jeff and David cover momentum, self assessment, breaking chains, and much more. From Today’s Episode Wilkin’s Miller Should Accounting Firms Pause New Client Acquisition? Jeff Jacobs Jeff is a returning guest on our podcast where we previously covered client acquisition, retention, and expansion.

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Accounting Accounting 59

Future Firm

MAY 25, 2023

In today’s episode, we’ll address employee turnover in firms and the solution of adding redundancy through cross-training and standard operating procedures to ensure smoother operations in your firm. If you want a simple one-word solution to get rid of stress at your firm, listen below. 0:49 – High employee turnover in the firm caused extreme stress, financial loss, and uncertainty in client work delivery, especially if a specialist quit. 1:32 – Adding redundancy through

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Accounting Accounting 59

Accounting Tools

MAY 21, 2023

Related Courses How to Audit Cash How to Audit Fixed Assets How to Audit Inventory How to Audit Receivables How to Conduct an Audit Engagement What are Management Assertions? Management assertions are claims made by members of management regarding certain aspects of a business. The concept is primarily used in regard to the audit of a company's financial statements , where the auditors rely upon a variety of assertions regarding the business.

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Auditing Financial Statements General Ledger Accounting 75

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.

Accounting