Sat.Apr 01, 2023 - Fri.Apr 07, 2023

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What ChatGPT and the acceleration of AI means for small business

Xero

If you ever worked with Office 97, you’ll remember Microsoft’s iconic assistant Clippy. The animated AI-based paperclip would pop up in your document and offer to help you format whatever you were working on. Clippy would analyse and structure words in your document and help you format it according to what you were working on. For example, if anything vaguely resembled a resume, you would be prompted with: “It looks like you’re writing a resume!

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Intuit’s Focus on Financial Literacy in 2023

Intuit

It’s April once again, and Intuit is celebrating Financial Literacy Month with a focus on helping students, individuals and small businesses develop financial habits and improve their financial literacy. Named by The World Economic Forum as one of the most critical, durable skills every student needs to succeed, financial literacy helps to prepare people for the jobs of the future, so they can live more successful and prosperous lives.

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Microsoft Dynamics GP End Of Life? Not Anytime Soon- Modern Lifecycle & End of Updates

Fidesic blog

(UPDATE) Microsoft has announced new customer sales of Microsoft Dynamics GP will end April 2026. So far nothing changes for existing Dynamics GP users, but beginning three years from now, there will be no new Dynamics GP sales for subscription licensing. New perpetual licensing sales end earlier, in 2025. Again, no change for existing customers. They can continue to purchase new licenses and modules beyond 2026.

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E-Document Compliance for Accounts Payable

Ascend Software blog

Accounts payable (AP) e-document compliance is a topic that has been gaining traction in recent years. As businesses continue to move towards digitalization and automation, ensuring compliance with e-document regulations is becoming increasingly important. In this article, we will explore the latest news and developments in AP e-document compliance with focus on France and Spain.

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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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Celebrating accountants: an axe thrower, heavy metal DJ and hotel manager

Xero

Our recent research found that accountants are facing a number of serious challenges, so we want to put a spotlight on their brilliant work, and their lives beyond the industry. Here, we continue to celebrate accountants, speaking with Callum Tingle, axe thrower and director at Fresh Business Solutions , Zahra Kassamali, hotel manager and accountant at Jaffer & Co , and Neil Criddle, founder of NDC and heavy metal DJ.

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Inclusive design: Indigenous ties inspire new Toronto workplace

Intuit

Diversity, equity and inclusion (DEI) leaders all have something in common: inclusion is part of their operational DNA and central to the behaviors they model across the organization. The responsibility to create a more equitable and inclusive world belongs to everyone. DEI is foundational to our company and explicit in our values. It’s a sustained effort, and exemplified through everything we do – not just when the calendar or trending topics remind us of this commitment.

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Introducing Advanced Cyclical Optimization: Automatically Increase Compute Savings on Cyclical Cloud Workloads

ProsperOps

A few weeks ago I published an educational blog on how to maximize Reserved Instance and Savings Plan savings when workload patterns are cyclical. Today, I’m excited to announce the ProsperOps platform has added Advanced Cyclical Optimization Support, which fully implements the concepts described in that blog post. Autonomous, Optimized Coverage for Cyclical Workloads Prior to today, ProsperOps had limited support for cyclical workload patterns, and our ability to cover “above the cycle trough”

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How to debug and profile ML model training

FinOps in Practice

Machine learning (ML) models are an integral part of many modern applications, ranging from image recognition to natural language processing. However, developing and training ML models can be a complex and time-consuming process, and debugging and profiling these models is often a challenge. In this article, we will explore some tips and best practices for debugging and profiling ML model training.

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Finding community and collaboration at Intuit

Intuit

As a child of Ethiopian immigrants, I grew up in a very community-oriented culture that stressed collaboration and togetherness. I wanted that same sense of community in my career which is why during my senior year of college I was instantly drawn to Intuit’s Rotational Product Management (RPM) Program. I loved that it’s exploratory and also has a focus on growing a community for early career product managers to build their foundational skills.

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Reducing the Woes of Supply Chain Management with NetSuite

Accounting Department

Supply chain management deals with areas of procurement, operations, logistics, marketing channels, and more so that businesses can simply operate and deliver within their industry. For companies of all sizes, an enterprise resource planning (ERP) system like NetSuite will help with efficiently managing supply chain activities that turn raw materials into finished products for its customers.

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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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DevOpsDays Denver

ProsperOps

DevOpsDays Denver April 24-25, 2023 Mile High Station and Iron Works Join ProsperOps at DevOpsDays Denver on April 24-25! We're excited to connect with you in Colorado at DevOpsDays Denver! Stop by our table to meet our team, collect some swag and learn more about our automated cost optimization platform for AWS. RSVP to let us know you're attending!

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Swift Payment

Tipalti

Navigate SWIFT payments confidently with our step-by-step guide. Get ready to make fast, secure, and accurate cross-border payments using the SWIFT payment system.

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Intuit UK Gender Pay Gap Report

Intuit

Intuit_UK_Gender_Pay_Gap_Report-3 Download The post Intuit UK Gender Pay Gap Report appeared first on Intuit Blog.

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Why Should You Sell AP Automation as an ERP / Accounting Software Provider?

Compleatable

As businesses continue to look for ways to streamline their financial processes, the demand for accounts payable automation solutions is on the rise. This presents an opportunity for ERP / Accounting software providers to expand their product offerings and provide a valuable service to their customers. Increased Market Demand The demand for accounts payable automation is growing as businesses seek to reduce the time and effort required for manual tasks.

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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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Cloud Atlas, Episode 1: The Cloud Gathers

CloudZero

Just about everything you interact with digitally is enabled by the cloud. Whether you’re doom-scrolling on Instagram, binge-watching on Netflix, ride-hailing on Uber, or downloading super-cool cloud podcasts (hint, hint) on Spotify, you’re using the cloud.

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Dread Doing Your Taxes?

Insightful Accountant

The Dancing Accountant, Nancy McClelland, gives you the lowdown on the IRS account transcript, a tool you can download for free to check your finances. Jump over to our sister site, Tax Practice News, to learn more.

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Best ways to keep track of business expenses easily

Plooto

More money doesn't have to mean more problems , if you track business expenses accurately. Keeping track of your spending can help you make smarter decisions, stay on top of cash flow , and maximize profits – a big win for all small business owners. However, many people struggle to properly manage business expenses due to a lack of knowledge, time or resources.

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Cracking the Alignment Problem in AI: Exploring ChatGPT's Responses to Controversial Prompts

Nanonets

If you’re a conversational AI or AI language model developer, one of the last things you want your artificial intelligence to do is to entertain inflammatory notions or ethical and moral quandaries. The AI Alignment field exists to regulate the response of chatbots like ChatGPT to ensure that they fulfill their intended purpose and avoid responding to inflammatory, unethical, or morally questionable prompts.

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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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How Your Bookkeeping Process Can Evolve

LedgerDocs

Since bookkeeping is critical to running a successful business, the process must continually improve over time as the business grows. By evolving your bookkeeping process, you can be more confident that your financial records are accurate and up-to-date. When you upgrade your system, it will help you make informed decisions about your business and increase your chances of success!

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New Shopify POS for QuickBooks Desktop

Insightful Accountant

Shopify now is Intuit's Preferred Solution for a POS solution that integrates with QuickBooks Desktop. Learn more about the solution and the special bonus bundle available to migrating QB-POS customers.

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3 Veteran pro tips for success at Directions NA 2023 - Linda Rose

Fidesic blog

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Just-in-time (JIT) inventory definition

Accounting Tools

Related Courses Inventory Management Operations Management What is Just-in-Time Inventory? Just-in-time inventory is the reduced amount of inventory owned by a business after it installs a just-in-time manufacturing system. The intent of a JIT system is to ensure that the components and sub-assemblies used to create finished goods are delivered to the production area exactly on time.

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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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B2B Debt Collections that Speaks Your Language

Enterprise Recovery

Every industry has its own share of jargon, acronyms, and special terms. There's a level of trust that's gained when a business partner understands your industry or "speaks your language." When companies seek out debt collection agencies that they can trust, they also want to work with those who understand their industry. When a debt collections agency speaks your language, B2B account recovery can be more successful.

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Pending Transactions in QB Desktop

Insightful Accountant

It is easy to forget things, especially if we don't use them very often. And if we forget them, then we probably forget to teach them to our clients as well.

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21+ BEST Cloud Podcasts To Listen To In 2023

CloudZero

You can now keep up with the latest cloud computing developments whenever you have time. It's easy to connect with cloud providers, software developers, and executives on social media.

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The effect of overstated ending inventory

Accounting Tools

Related Courses Accounting for Inventory How to Audit Inventory When ending inventory is overstated, this reduces the amount of inventory that would otherwise have been charged to the cost of goods sold during the period. The result is that the cost of goods sold expense declines in the current reporting period. You can see this with the following formula to derive the cost of goods sold: Beginning inventory + purchases - ending inventory = Cost of goods sold Example of Overstated Ending Invento

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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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GCP Secret Manager: Pricing & Cost Optimization Best Practices

Economize

Discover how to safeguard your organization's confidential information while maximizing cost-efficiency. Learn how to secure and manage your sensitive data with Secret Manager.

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QBO Monday Minute: Inside the Negative Deposits' Feature

Insightful Accountant

Liz Scott is back with her thoughts on the enhanced feature of QuickBook Online that enables you to accept negative dollar amounts. Check out the video, too.

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Is Invoice Factoring Worth It? [How to Decide]

FundThrough

When reviewing different types of financing options, it’s easy for a small business to wonder if invoice factoring is really worth it. (In case you’re new to invoice factoring, this is when a factoring company gives you funding for unpaid invoices ahead of net terms, and the waits for customer payments.) Sure, it’s faster than […] The post Is Invoice Factoring Worth It?

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Which costs to assign to a fixed asset

Accounting Tools

Related Courses Fixed Asset Accounting How to Audit Fixed Assets The costs to assign to a fixed asset are its purchase cost and any costs incurred to bring the asset to the location and condition needed for it to operate in the manner intended by management. More specifically, assign the following costs to a fixed asset: Purchase price of the item and related taxes Construction cost of the item, which can include labor and employee benefits Import duties Inbound freight and handling Interest cos

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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.