Sat.Apr 20, 2024 - Fri.Apr 26, 2024

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Optimizing Cash Flow Management for E-Commerce Businesses

Accounting Department

In a dynamic industry where change is the only constant, good cash flow management stands as one of the most critical factors for the success of e-commerce businesses. Navigating the online retail waters is often turbulent, with fast-paced transactions and a myriad of financial nuances that demand efficiency and foresight. Poor cash flow management could capsize even the most promising ventures, while a firm grasp on financial inflows and outflows can propel your e-commerce business forward, ens

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Submissions open for 2024 Top Firms by AUM

Accounting Today

Accounting Today is in the midst of surveying CPA firms with wealth management practices for this year's 'Wealth Magnets' ranking.

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Small businesses are hiring: what to consider when growing your workforce

Xero

The latest Xero Small Business Insights (XSBI) data is a good reminder about the important contribution your small business makes to your local community, particularly around job opportunities. There are more people working in small businesses than a year ago in the three countries where we track jobs (Australia, New Zealand and the UK). In fact, jobs growth is either already well above average, as seen in New Zealand, or accelerating.

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Purchasing & AP Automation for Schools and MATs Like Yours

Compleatable

Join Compleat Education as we run through our purchasing and accounts payable automation software especially for schools and multi-academy trusts. We’ll go over ways to save your school/s time, money, and increase visibility on every purchase. The post Purchasing & AP Automation for Schools and MATs Like Yours first appeared on Compleat Software.

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Live Demo: How to Achieve Reconciliation Zen

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

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Making the Switch to Outsourced Client Accounting Services

Accounting Department

When you have a small or mid-size business, one of the issues you can run into is not having all the departments a larger company would have. In other words, you might not have dedicated employees for HR, accounting, and other areas.

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A holistic solution to accounting's retention problem

Accounting Today

Firms must transform their business models to afford the cost of multilayered retention strategies, a new report by the Pennsylvania Institute of CPAs says.

More Trending

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FinOps Maturity: Using the Model to Assess your Capabilities

FinOps Foundation

Key Insight: The FinOps Maturity Model – often referred to by its stages “Crawl, Walk, and Run” – is a key component of the FinOps Framework. The goal for organizations is not to get to the “Run” stage across all Capabilities of the FinOps Maturity Model, but to perform each Capability at the appropriate level of maturity for your environment.

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What is RouteWise? Accounts Payable Tools

Fidesic blog

What is RoueWise? RouteWise by Fidesic is a visual workflow editor that makes it easy to setup and maintain invoice approval processes within your accounts payable department.

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IRS Appeals forms new resolution office

Accounting Today

The IRS has long offered alternative dispute resolution, but says use has declined in recent years, and it hopes to make it more attractive and accessible.

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Save money on every invoice you process with automated accounts payable software

Cevinio

Automated accounts payable software transforms your business by cutting costs and boosting efficiency.

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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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Why you should be very skeptical of that auditor’s report

Blake Oliver

I'm honored to be quoted by Gene Marks, CPA , in his latest piece on The Hill, in which he brilliantly unpacks why investors should approach audit reports with a healthy dose of skepticism. Read it here.

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Thomson Reuters Upcoming Tax Launch

Insightful Accountant

Tax technology is changing, and tax professionals are looking for reliable resources when it comes to the future of AI within tax tech. Today, Thomson Reuters is announcing their upcoming tax launch.

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Tap overlooked tax breaks to help small business owners

Accounting Today

Experts say that busy entrepreneurs often miss incentives and advantages available to them. Financial advisors and tax professionals can give them a nudge.

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QuickBooks for Small Business – Which Version Do You Need?

Ace Cloud Hosting

Just like for smooth money handling, you need to create a bank account. Similarly, the right accounting platform is necessary to manage the business financial landscape. This is where QuickBooks.

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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 Small Businesses Can Thrive Under Singapore’s New Flexible Work Arrangements (FWA)

Counto

How Small Businesses Can Thrive Under Singapore’s New Flexible Work Arrangements (FWA) As of December 1, 2024, all employers in Singapore, including small businesses, will be required to fairly consider formal requests for flexible work arrangements (FWAs) as per the new Tripartite Guidelines. This significant update aims to enhance work-life balance but brings several challenges for small business owners.

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Contributing Analysts Wanted for App Reviews

Insightful Accountant

Insightful Accountant is looking for a few Good ProAdvisors who want to contribute an analysis of apps we intend to compare. Do you like to review apps, more importantly, do you regularly work with a few great apps, you might be our Pros.

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Technological transformation: Be mindful, purposeful, and flexible

Accounting Today

Firms need to adapt to changes in technology at a pace that makes sense for them and their clients.

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Ethical Collection Techniques For Recovering Late Payments

Enterprise Recovery

In today's competitive business landscape, it's important to manage late payments while upholding positive client relationships. Use the following techniques to navigate the delicate balance of recovering outstanding debts while maintaining trust and loyalty with your clients. Discover ethical collection practices to help recover late payments while maintaining positive client relationships.

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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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Making Big Strides with AI: The Counto Multi-Agent Compliance Model

Counto

Making Big Strides with AI: The Counto Multi-Agent Compliance Model At Counto , we constantly innovate to simplify complex compliance tasks for our small business clients. Our latest breakthrough? A multi-agent AI model revolutionising document processing. Forget old-fashioned, sluggish methods—welcome to a smarter, faster solution that truly delivers.

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QuickBooks "Live Experts" May Not Be So Bad

Insightful Accountant

A lot of ProAdvisors and Accountants voiced their opinions at the April 24th QuickBooks Live Strategy (briefing) webinar. a lot of those opinions were negative, but this might not be as bad as your thinking.

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7 ways to drive innovation in your firm

Accounting Today

While the term "innovation" isn't necessarily associated with most CPA firms, this perception can easily be changed with the right strategic moves.

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The Human Side of Healthcare Debt Collection

RevCycle

Summary Healthcare debt is a growing concern in the United States, placing a significant burden on both patients and providers. While Artificial Intelligence (AI) is making waves in the debt collection industry, this paper argues that a human-centric approach focused on empathy, understanding, and flexible solutions can achieve higher netback for healthcare providers while treating patients with dignity and respect.

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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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Downward demand spiral definition

Accounting Tools

What is a Downward Demand Spiral? A downward demand spiral occurs when a business eliminates products without sufficiently reducing the overhead costs associated with them. When this happens, overhead is allocated across the fewer remaining products, which increases their cost per unit. With a higher cost base, management is more likely to increase the prices of the remaining products, which makes them harder to sell.

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Understanding Reportable Transactions: What Tax Preparers Need to Know

Insightful Accountant

While rare, tax preparers must disclose reportable transactions on most returns. Understanding which transactions require disclosure is crucial for all preparers to ensure compliance.

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Thomson Reuters adds generative AI tax research to Checkpoint Edge

Accounting Today

Thomson Reuters announced the release of CoCounsel, a generative solution within Checkpoint Edge meant to help tax professionals with complex research.

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Maybe you shouldn't start a podcast

Blake Oliver

Podcasting is the new blogging. Everyone's doing it, and you should, too, right? Not so fast.

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Book of Secrets for the Month-End Close

Developing a consistent month-end close doesn’t need to be a mystery. We’re sharing our top 10 secrets (plus one bonus!) for streamlining your close.

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Semi-fixed cost definition

Accounting Tools

What is a Semi-Fixed Cost? A semi-fixed cost is a cost that contains both fixed and variable elements. As a result, the minimum cost level that will be experienced is greater than zero; once a certain activity level is surpassed, the cost will begin to increase beyond the base level, since the variable component of the cost has been triggered. A cost that is classified as semi-fixed does not have to contain a certain proportion of fixed costs or variable costs to be classified as such.

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Workforce Wednesday: QBO Expense Claims - Part 2

Insightful Accountant

In this edition of Workforce Wednesday, Murph finishes up his two-part mini-series on QBO Expense claims by inviting employees to submit expenses, capturing and submitting expense claims, and reviewing and approving expense claims.

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Accounting Today news quiz: April 26

Accounting Today

Test your knowledge of the biggest accounting headlines of the week. No. 2 pencil not required!

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Advancing Your Cash Flow: Should You Opt for Early Invoice Payment from Your Client?

FundThrough

For small and medium-sized businesses (SMBs), maintaining a healthy cash flow is often one of the most challenging aspects of running a company. Because many of us at FundThrough have been entrepreneurs before, we understand firsthand what it’s like to struggle with unpaid invoices. Late payments or even standard-length payment terms can have serious impacts […] The post Advancing Your Cash Flow: Should You Opt for Early Invoice Payment from Your Client?

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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.