Nolan Accounting Center
MAY 15, 2023
As a small business owner, it’s important to keep a close eye on your financials, including making sure that you are getting your bills paid in full and on time, investing in the future, and making a decent profit. Therefore, you must make sure that you have efficient financial processes in place. This can be challenging for many, which is why it’s important to find an accounting firm you can trust.
Xero
MAY 17, 2023
There’s now a little over two months to go before old reports in Xero are retired. Over the past year, we’ve been encouraging you to make the switch, with lots of education, support and advice from other small business owners and their advisors. If you’ve waited until now to start using new reports, you’ll have less time to make the switch. We urge you to start focusing on this, to avoid any disruption to your workflows.
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Ascend Software blog
MAY 16, 2023
In the world of business, understanding your expenditures is crucial. One of the costs that can often fly under the radar is the price of processing a purchase order (PO). While it might seem like a negligible expense, it's important to remember that small costs add up, especially when you're dealing with a high volume of orders. In this blog post, we'll break down the average cost of processing a purchase order and discuss strategies for reducing it.
Accounting Department
MAY 18, 2023
Last week, AccountingDepartment.com Business Development Representatives, Shawn Marcum, and Luke Backus attended the 2023 Women President's Organization Entrepreneurial Excellence Forum in Las Vegas, NV.
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.
Intuit
MAY 15, 2023
We recently launched Intuit Ventures to invest in high-growth startups that are mission-aligned with our business and usher in exciting waves of innovation. Our investments represent opportunities to power prosperity and improve the financial lives of individuals and small businesses. And yet, the venture capital industry doesn’t offer equal opportunities to all.
Xero
MAY 17, 2023
Today we announced Xero’s full year financial and operating results to 31 March 2023 (FY23). Having started my journey as Xero’s CEO in February this year, I’m pleased to share our strong FY23 operating results, and I’m deeply excited about our opportunity to help power the global small business economy. Our results demonstrate Xero’s resilience in a complex macroeconomic environment, our valuable customer proposition, our increasing efficiency, and commitment to even more disciplined, customer
Financial Ops World brings together the best financial operations content from the widest variety of thought leaders.
Accounting Department
MAY 16, 2023
Experienced business leaders know that accurately predicting future financial outcomes is a highly complex challenge. It’s a process not to be left only to logic that is based on reviews of combined financial reports from the past.
Intuit
MAY 16, 2023
Today, the IRS released the Congressionally-mandated study on the feasibility of an IRS-run direct e-file system. The conclusions of this study ignore facts, common sense, and what we know from our decades of helping millions of Americans file their taxes – taxpayers don’t want the tax collector, assessor, auditor, and enforcer also to be their tax preparer.
Xero
MAY 14, 2023
When it comes to productivity, it’s no secret Aotearoa New Zealand lags heavily behind our OECD counterparts. In fact, our recent research shows Kiwis would need to work 20 percent more to reach the average OECD GDP output. For Kiwis working a 40-hour work week, this is equivalent to working an extra day per week to make up the labour productivity gap – and that’s just to reach the average productivity mark.
Insightful Accountant
MAY 16, 2023
Intuit began pushing out the R9_45 update to QuickBooks 2022 Desktop Products, including Enterprise 22.0 on May 11. You may have seen this update pending in QuickBooks 2022 software.
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.
Future Firm
MAY 18, 2023
In this episode, I want to share 9 ways you can leverage ChatGPT in your accounting firm to save time, reduce stress, and boost productivity. Listen below. 0:26 – ChatGPT is a powerful tool that can boost productivity and efficiency for several processes. 1:07 – ChatGPT can help businesses save time and generate high-quality blog content by quickly creating informative and engaging posts based on provided topics and details. 1:39 – Second, ChatGPT helps you draft professional e
LedgerDocs
MAY 18, 2023
Any freelancer or self-employed individual knows what it is like to be busy and you’re used to wearing multiple hats on your workday. With everything that you have going on, managing your finances and bookkeeping can be challenging. Maintaining organized and accurate records is crucial for your business’s financial health, future growth opportunity, and tax compliance.
Enterprise Recovery
MAY 19, 2023
With the "unprecedented" events of the past few years, businesses are looking to become more efficient in all areas of their organizations. An area that is often overlooked due to its manual processes is accounts receivable. Even though payments by check have declined since 2019, thirty percent of B2B clients are still writing checks and sending them in the mail.
Insightful Accountant
MAY 15, 2023
New for May, Intuit is pushing out the R4_101 update to QuickBooks 2023 Desktop Products, including Enterprise 23.0. It's primarily focused on Employee and Payroll related functionality.
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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.
Accounting Tools
MAY 19, 2023
Related Courses Going Concern Audit Issues How to Conduct an Audit Engagement What is the Going Concern Qualification? The going concern principle is that you assume a business will continue in the future, unless there is evidence to the contrary. When an auditor conducts an examination of the accounting records of a company, he or she has an obligation to review its ability to continue as a going concern; if the assessment is that there is a substantial doubt regarding the company's ability to
Outsourced Bookeeping
MAY 16, 2023
Financial management must include tax planning because it may minimize tax bills and increase savings. Both individuals and companies must start arranging their taxes now for the tax planning strategies for 2023. To reduce tax costs and maximize savings, it’s essential to stay current on recent developments given the constantly evolving tax rules and regulations.
Counto
MAY 19, 2023
What is Lorem Ipsum? Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.
Insightful Accountant
MAY 15, 2023
The funding, from JPMorgan Chase Bank and Hercules Capital, will continue its growth and product innovation. In addition, the company names three new executive team additions.
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.
Accounting Tools
MAY 19, 2023
Related Courses Accountants’ Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook What is a Ledger Account? A ledger account contains a record of business transactions. It is a separate record within the general ledger that is assigned to a specific asset, liability, equity item, revenue type, or expense type. Examples of Ledger Accounts Examples of ledger accounts are cash, accounts receivable, inventory, fixed assets, accounts payable accrued expenses, debt, stockholders’ equity, revenu
Tipalti
MAY 19, 2023
Cross-border payments are transactions sent from one country and received in a different country. Transfer fees, bank fees, local currency, foreign currency conversion rates, exchange fees, and international credit card fees may apply to cross-border transactions.
Counto
MAY 19, 2023
How AI Is Revolutionising Accounting For Small Businesses In the modern business world, Artificial Intelligence (AI) like ChatGPT has made remarkable strides, presenting unprecedented opportunities to revolutionise accounting services for small businesses. AI can streamline accounting processes, enhance the accuracy and efficiency of financial data analysis, and speed up financial reporting to levels previously unimaginable.
Insightful Accountant
MAY 16, 2023
Intuit began pushing out the R9_45 update to QuickBooks 2022 Desktop Products, including Enterprise 22.0 on May 11. You may have seen this update pending in QuickBooks 2022 software.
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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 Tools
MAY 15, 2023
Related Courses Bookkeeping Guidebook How to Audit Receivables New Controller Guidebook The Difference Between the Direct Write-Off and Allowance Methods Under the direct write-off method , a bad debt is charged to expense as soon as it is apparent that an invoice will not be paid. Under the allowance method , an estimate of the future amount of bad debt is charged to a reserve account as soon as a sale is made.
Jetpack Workflow
MAY 19, 2023
Developing bad habits is easy to do in the early days of running your accounting firm. It’s also understandable. Who has time to keep everything in order when your focus is on growing your firm? One of the more common “bad habits” is unorganized and incomplete client folders, which vary from one client to the next. As your firm grows, this will likely cause several issues, including: Endless back-and-forths with clients Missed deadlines Erroneous mistakes on crucial documents Undue frustration f
Analytix Finance & Accounting
MAY 19, 2023
CFOs play a prominent role in the success of a business. They protect the company’s finances and steer the business towards continuous improvement by taking actions dependent on the existing scenario. Hiring a CFO can be a good idea if you own or manage a startup and find managing the key aspects of your finances to be challenging. If your company is not yet ready to hire a full-time CFO, there are great options available for you.
Insightful Accountant
MAY 17, 2023
If you find an 'automatic update' download for QuickBooks Desktop failed to install, Murph has some procedures you can try.
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 Tools
MAY 15, 2023
Related Courses Bookkeeping Guidebook How to Audit Receivables New Controller Guidebook What is the Allowance for Doubtful Accounts? The allowance for doubtful accounts is paired with and offsets accounts receivable. It represents management’s best estimate of the amount of accounts receivable that will not be paid by customers. When the allowance is subtracted from accounts receivable, the remainder is the total amount of receivables that a business actually expects to collect.
Jetpack Workflow
MAY 19, 2023
You already know about the standard suite of CPA tools available: QuickBooks, Xero, NetSuite, and others. But are there other tools you should consider to help run your business and be more productive? Reliable software tools can make your job easier and scale with you as you grow your firm rather than limit your potential or overcomplicate operations.
Billing Platform
MAY 18, 2023
When forecasting subscription software revenue, do you find it a time-consuming process that never quite hits the mark? What if you had the ability to forecast revenue with precision? Now you can! Combining predictive analytics with subscription revenue software is a growing discipline. It’s rapidly being adopted by subscription management organizations!
Insightful Accountant
MAY 14, 2023
QuickBooks Online Payroll has transitioned from only supporting Form 943 businesses with new subscriptions to supporting all QBO Payroll subscribers needing to file Form 943 for their agricultural businesses.
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.
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