Sat.May 21, 2022 - Fri.May 27, 2022

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Three tips for a better balance between work and mental health

Xero

We know that mental wellbeing is vitally important, but for small business owners, striking a balance between work and mental health can feel almost impossible. . The past two years in particular have thrown up a previously unseen level of disruption and turmoil for small businesses. From the pandemic, to soaring inflation and energy prices, it’s no surprise that finding the time to invest in mental wellbeing is proving challenging. .

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Deloitte: Climate change will cost $178T by 2070

Accounting Today

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How to avoid your conveyancing trust account becoming a mess

The Savvy Bookkeeping Blog

Conveyancing is such a fast-paced and dynamic industry. I don’t know where my conveyancing clients get their energy from sometimes. I know they often work long hours in order to meet tight deadlines.

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The Guide to ASC 606/IFRS 15 Compliance for SaaS and Software Companies - A 2022 Refresher

Sage Intacct

ASC 606/IFRS 15, Revenue from Contracts with Customers, was the new revenue recognition standard issued by The Financial Accounting Standards Board (FASB). This standard affects all businesses, including public, private, and nonprofit entities, which use contracts with customers to transfer goods or services.

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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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Helping you win new business with beautiful quotes

Xero

Sending a quote is often the first digital interaction you have with a potential customer, so it’s important to make the right impression. We’ve made it easy in Xero – you can create a beautiful online quote in minutes, get customers to accept it on the spot, and quickly convert it into an invoice. To continue improving your experience, we’re introducing an exciting new feature and fresh design to quotes in Xero.

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AICPA names 2022 Outstanding Young CPAs

Accounting Today

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You Can Boost Your Business Now Using This Accounts Payable Playbook

AvidXchange

Despite everything that’s gone on in recent years – and you don’t need to be reminded – you have many exciting opportunities to boost your business and come out stronger. You can achieve this by taking smart steps to rebuild, improve and strengthen your business for long-term prosperity – starting now. Begin by focusing on streamlining manual business processes that are costing your company time and money such as paper-based accounts payable (AP) and payment processes.

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Introducing the Xero Stripe App in the new Stripe App Marketplace

Xero

We all prefer work to be streamlined and simplified, but businesses today use dozens of digital tools and services. Ranging from apps that help address your business and industry pain points to payment providers and accounting software, there are a number of solutions that can help business owners access critical information or improve their workflows.

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IRS raids alliantgroup offices

Accounting Today

Tax 305
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The 5 Best AWS Cost Explorer Alternatives In 2022

CloudZero

AWS Cost Explorer is one of the core pillars of AWS cloud financial management. It helps collect resource consumption data and associated cost information across multiple AWS services. Cost Explorer then helps visualize all of this data in one dashboard to ease cost management.

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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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B2B Payment Challenges: Inaccurate Payments

AvidXchange

At the start of 2020, two owners of a Florida property management company, Tracy and John, grappled with inaccurate payments. The company, Incurrent Holdings , paid vendors multiple times for the same service and for services not provided. In some cases, they paid suppliers late. These inefficiencies cost the company several thousand dollars a month.

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We tackle questions landlords may have around Making Tax Digital for Income Tax Self Assessment

Xero

If you’re a landlord , you’ll likely have felt the rumblings around Making Tax Digital for Income Tax Self Assessment ( MTD for ITSA ). . Part of the government’s plan to digitalise the UK tax system and make it easier to get your tax right, MTD for ITSA requires landlords and those who are self-employed and earning above £10,000 annually to use MTD-compatible software to keep digital records and submit updates to HMRC. .

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IRS sent over $800M in potentially improper recovery rebate payments

Accounting Today

Tax 305
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We’re Joining The Snowflake Partner Network — Bringing Cloud Cost Intelligence

CloudZero

Early on in our journey as a company, CloudZero split with legacy data architecture, migrating to Snowflake and opening up a world of resource flexibility.

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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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How to Reduce B2B Late Payments

AvidXchange

As a finance professional you may be aware of one of the industry’s biggest problems: late payments. The costs of delayed payments to finance teams range from higher processing costs and lost opportunities for early payment discounts, to strained relationships with vendors and suppliers – not to mention tightened cashflow that inhibits the company’s ability to grow and thrive.

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7 Best Integration Apps for Property Management Companies

SLC Bookkeeping

Property management is a complicated matter without the proper software. Many companies are looking to use QuickBooks Online and integrate it with a property management app. Most are looking for something that allows tracking of tenants, rents, invoicing landlords and repairs, training, financials, maintenance, and more. Finding a simple and seamless integration is frustrating.

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IRS upgrades 'Where’s My Refund' tool to track refunds for two years

Accounting Today

Tax 294
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The biggest pricing mistakes I have made in my bookkeeping business

5 Minute Bookkeeping

Are you struggling with pricing your bookkeeping services? Pricing is not easy, and in fact, it can evoke a lot of negative emotions, including fear and anxiety. It was certainly one of the areas that I struggled with the most while growing my virtual bookkeeping business. Although it was tough at times, I learned so much through the process. Would you like to skip past the trial and error and get straight to the good part?

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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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Do Companies Need to Perform Payroll Withholding?

Billah and Associates

As business owner, you are responsible for paying them when you have employees—but only after deducting payroll taxes. The IRS requires payroll tax withholding , the Social Security Administration ( SSA ), and the state and municipal governments (where applicable). Payroll tax deductions are required. By law, employers must withhold employment taxes from their employees, and Federal income tax withholding and Social Security and Medicare taxes are included in employment taxes.

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A Beginner’s Guide to APIs for Finance Pros 

AvidXchange

Machine learning, 3-way matching and robotics process automation are powerful technologies in the finance industry. But there’s another powerful technology you should be dialed into – application programming interfaces (APIs). In fact, APIs might be the most important technology of these four because without them the other technologies can’t be used to their full potential.

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Finance leaders preparing for tax changes

Accounting Today

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Microsoft GP Roadmap vs NetSuite Marketing Material

dynavistics

Who says Microsoft Dynamics GP Support is ending soon? Not Microsoft! We have received marketing messages from Netsuite and other Microsoft competitors claiming that mainstream support for Dynamics GP is ending as of January 2023. This is incorrect.

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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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Why are Companies Required to Perform Payroll Withholding?

Billah and Associates

You are responsible for paying them when you have employees—but only after deducting payroll taxes. The IRS requires payroll tax withholding , the Social Security Administration ( SSA ), and the state and municipal governments (where applicable). Payroll tax deductions are required. By law, employers must withhold employment taxes from their employees, and Federal income tax withholding and Social Security and Medicare taxes are included in employment taxes.

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How to Create A Balance Sheet for A Small Business

EasyBooks

A small business requires a balance sheet to get insight into its financial statement and overall value. It helps the owner keep track of the company’s finances, including assets, liabilities, and owner's equity.

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IRS changes guidance on EITC

Accounting Today

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Podcast – Episode #2 – Starting the FinOps Conversation

The FinOps Alliance

In our second episode we dive various frequently asked questions and common topics we have seen in FinOps over the years. We challenge each other’s answers and get down to business. We touch upon different FinOps frameworks, strategies and the future role of GreenOps. Host: Michel Zitman Guests: Benjamin van der Maas & Mudit Gupta. The post Podcast – Episode #2 – Starting the FinOps Conversation appeared first on The FinOps Alliance.

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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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GAO Audits IRS

Cloud Accounting Podcast

Sponsors Digits: [link] Canopy: [link] Synder: [link] Need CPE? Subscribe to the Earmark Accounting Podcast: [link] Get CPE for listening to podcasts with Earmark CPE: [link] Show Notes 14:38 – KPMG Audit Kickstart CPA program will pay new hires to study [link] Walmart has created a program to recruit and train college graduates to become store managers, promising a starting wage of at least $65,000 a year [link] Walmart Struggles to Add Store Managers at $210K+ [link] 18:10 – Apple sof

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FCPA Due Diligence | Oversight

Oversight

Whenever I’m in the market to make a large purchase, I do my homework. Am I paying the right price? Is there an advantage to purchasing the item from one merchant or another? Does it come with a warranty? Can I get my money back if I don’t like it? Warranties and return options can protect my investment, and the answers to each of these questions will have an impact on my decision to buy or to walk away.

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Academia needs better skill sets for future accountants

Accounting Today

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Ep. 184: Bharat Kanodia - “That company is worth what!?” - an insider’s view of business valuations.

IMA's Count Me

Connect with Bharat : [link] Tedx - [link] YouTube channel - [link] Blog - [link] Full Episode Transcript: Adam: (00:06) Welcome to Count Me In I'm Adam Larson. And today we're exploring the art and science of business valuations with Bharat Kanodia, the founder and chief appraiser at Vatra and Silicone Valley. Bharat has valued over 2000 businesses and unique assets, including Uber, Airbnb, and the Golden Gate Bridge.

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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.