Sat.Mar 25, 2023 - Fri.Mar 31, 2023

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What is AI and why is it relevant for my small business?

Xero

It’s safe to say that artificial intelligence (AI) is now part of common language and everyday life. But while we’ve all heard of the term, not everyone really knows what it is or how to use it (or rather, whether it can be useful for them). Believe it or not, the term ‘artificial intelligence’ has been with us since as far back as 1955, when a number of academics and professionals in the field of technology first proposed a study of the term.

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Helping taxpayers make the most of the 2023 tax season

Intuit

Taxes can be confusing. How does anyone have the time to figure out the deductions and credits they qualify for? That’s how we help. Intuit has helped tens of millions of families and small businesses take charge of their finances by helping them understand, prepare, and file their tax returns confidently—millions of them for free. In fact, over 93 million consumers, and 10 million small businesses manage their finances with Intuit.

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A Financial Controller May Be Just What You Need, And More

Accounting Department

Considering the need for a financial controller for your business? To help you solidify the decision, learn more about the duties of a financial controller and the benefits of partnering with an outsourced client accounting services (CAS) provider to make it even easier!

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Microsoft Windows Autopilot for Dynamics Users

Fidesic blog

Have you checked out Microsoft Autopilot? If you care about desktop and device management for an organization using Microsoft Dynamics ERP, this is one tool you should know about if you aren’t familiar with it already. In this blog post, we'll tell you a bit about Microsoft Windows Autopilot–what it is and why it makes sense for Dynamics ERP users.

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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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Six practice apps to make FY24 your best yet

Xero

Over recent years, the world of accounting and bookkeeping has evolved with the times. From advancing business models to offering expanded services to be able to meet new client demands; change has been a constant for the industry. The biggest shift, however? Alongside small businesses, many practices have digitalised rapidly to keep pace with today’s environment.

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Takeaways from the 4th Annual Intuit Trans+ Summit

Intuit

Over the past few years, diversity has been front and center for many corporations. However, that’s not enough–diversity can’t stand on its own. At Intuit, we continue to strive for a diverse, equitable, and inclusive workforce that empowers employees–both in and outside of Intuit, who identify as transgender or nonbinary. Held on March 14, 2023, the 4th annual Intuit Trans+ Summit shined a light on intersectional transgender and nonbinary experiences for the tech community at large.

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The Most Shocking Accounts Payable Stats

Ascend Software blog

Accounts Payable (AP) is a crucial function of any organization. It is responsible for managing the payment of bills and invoices to suppliers and vendors. However, many organizations struggle with their AP processes, leading to inefficiencies and financial losses.

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Let’s join together to put an end to late payments

Xero

Late payments have long been one of the biggest frustrations for small businesses. They cost jobs. They force healthy businesses to close. They stop businesses from meeting their own commitments, like paying their people. They cause any number of sleepless nights and serious mental health consequences as people running small businesses are forced to juggle to make ends meet.

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The transformative power of foundational technology

Intuit

Every era comes with a vision of new technology. Today, hawkers on the street selling goods make the most of QR code. They are using QR code because of its significant impact on business—and not so much because they understand the workings of the technology. Scanning the QR code takes care of the entire transaction with customers. When technology feels like magic, adoption rates tick up rapidly.

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Break the Vicious Cycle of Cloud Costs with FinOps Automation

ProsperOps

Background: In A CFO’s Guide to Evaluating Cloud Spend , CloudZero introduced the “vicious cycle of cloud costs,” often initiated after the CFO receives their biggest AWS bill. Their blog, which we recommend reading, highlights the need for context around cloud spend—instead of simply seeing the numbers on your AWS bill, executives to understand how cloud costs relate to products, users, teams and business initiatives.

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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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Accounts Payable Process Improvements, and the Metrics to Help Measure Success

Ascend Software blog

Improving Vendor Relationships Improving vendor relationships can have a significant impact on accounts payable efficiencies. Here are some ways in which it can be achieved: accounts payable process improvements.

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What needs to happen for the metaverse to reach its potential for small business?

Xero

The amount of global coverage for the metaverse has ramped up in recent times, creating the impression that it will soon become a common way to sell, play and work online. But for many people, there is confusion around what the metaverse actually is and how it could be used in a practical way. The metaverse is a form of internet that operates as a blended and immersive virtual world, powered by a mix of virtual reality (VR) and augmented reality (AR).

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The Transformative Power of Foundational Technology

Intuit

Every era comes with a vision of new technology. Today, hawkers on the street selling goods make the most of QR code. They are using QR code because of its significant impact on business—and not so much because they understand the workings of the technology. Scanning the QR code takes care of the entire transaction with customers. When technology feels like magic, adoption rates tick up rapidly.

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Case Study: Chargify

ProsperOps

Customer B2B SaaS payments platform with growing Amazon Elastic Compute Cloud (EC2) spend Overview With ProsperOps, Chargify has automated and matured their cloud cost optimization strategy, eliminating wasted spend and continuing to see gains in their Effective Savings Rate, making a 40% improvement in the twelve months leading up to April, 2022. Challenge Chargify formerly held engineering responsible for their AWS savings commitments.

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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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6 Benefits of Automating Your Accounts Payable Process

Compleatable

Automating the accounts payable process can bring numerous benefits to organizations of all sizes, including increased efficiency, improved accuracy, and reduced costs. In this blog post, we will discuss these benefits in more detail and explain how automating accounts payable can help your business save time and money. Increased Efficiency By automating the accounts payable process, companies can significantly reduce the amount of time and effort required to process invoices.

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Xero talks: highlights from an afternoon focused on the future of accounting

Xero

The first-ever Xero Talks event took place on 15 April, and judging by the energetic conversations happening on and off stage, it was a huge hit with attendees. Key speakers on tech, talent, and industry change gave us their insights in following sessions: Three things in life are certain: Death, taxes, and AI Navigating the talent challenge Future leaders panel Why is having a great employment brand so important?

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5 ways Intuit is building a great virtual sales culture

Intuit

How do you build a supportive, energetic and inspiring culture when the sales team adjusts to a virtual-first strategy? You think differently about how to keep that sales culture and sales spirit alive, how to make each employee feel recognized, rewarded and motivated to make amazing things happen. With over 700 people, Intuit’s U.S. Sales Team supports our customers with a suite of products that include QuickBooks, TurboTax, Mailchimp, and ProConnect for customers ranging from self-employed, sm

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Case Study: Chargify

ProsperOps

Customer B2B SaaS payments platform with growing Amazon Elastic Compute Cloud (EC2) spend Overview With ProsperOps, Chargify has automated and matured their cloud cost optimization strategy, eliminating wasted spend and continuing to see gains in their Effective Savings Rate, making a 40% improvement in the twelve months leading up to April, 2022. Challenge Chargify formerly held engineering responsible for their AWS savings commitments.

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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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CPA Worries Clients’ Data Disclosure In Offshoring Tax Services: Should They Worry?

CapActix

When a tax return preparation may reveal or utilize a taxpayer’s tax return data without first getting the taxpayer’s authorization, IRC section 7216 and its accompanying regulations apply. Because violating section 7216 and its regulations is a federal criminal, CPAs should become familiar with these laws. When offshoring services, CPA tax preparation firms are often concerned with sharing client data overseas.

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Retirement Planning Tips for Businesses to Share with Employees

Analytix Finance & Accounting

Managing finances is crucial, especially when planning for retirement. For business owners, it is critical to ensure they always adhere to legal requirements, especially if they have in-house staff. Employing staff requires businesses to adhere to financial regulations such as salaries and benefits. Businesses also typically need to ensure they are legally compliant with payroll regulations, including benefits such as retirement plans.

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What is digital transformation?

Nanonets

Digital transformation is not just a buzzword. It is a strategic process that enables businesses to embrace the latest technologies and evolve to remain competitive in today's fast-paced digital world. It is all about transforming business models and operations using advanced digital technologies to deliver value to customers, improve employee productivity, streamline operations and increase revenue.

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Channel Partners Conference & Expo

ProsperOps

Channel Partners Conference & Expo May 1-4, 2023 The Venetian Resort & Expo Booth 1453 Get to know ProsperOps at the Channel Partners Conference & Expo in Las Vegas, NV Join ProsperOps on the expo floor of the Channel Partners Conference & Expo taking place May 1-4 at the Venetian Resort & Expo. ProsperOps is an autonomous cloud cost optimization tool.

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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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Invoice Factoring Examples: 3 Ways It Can Work

FundThrough

As small business owners and entrepreneurs ourselves, we know how important it is to thoroughly explore a way of funding your business before you try it. Which is probably how you landed on this page, looking for an invoice factoring example. Fear not! Invoice factoring is what we do… but not only that, we help […] The post Invoice Factoring Examples: 3 Ways It Can Work appeared first on FundThrough.

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Proven Strategies for Optimizing Your Cash Management

Plooto

Optimizing cash management contributes to positive cash flow, effective working capital , and robust financial health. By optimizing their cash flow , businesses can accurately forecast their cash inflows and outflows, maintain sufficient cash for purchases, plan intelligently for capital expenditures, and take advantage of business and investing opportunities.

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SC Comptroller Steps Down After $3.5 Billion Error

Cloud Accounting Podcast

This Week's Guest: Terrell Turner, CPA; 85% of MNCPA members working in public accounting support an alternative to 150 hours; The Silicon Valley Bank Balance Sheet Time Bomb "Sitting In Plain Sight"; Senator Warren complains to PCAOB about sham crypto "audits"; JPMorgan Chase’s nickel bags turn out to be full of stones; PwC introduces AI chatbot for 4,000 lawyers to speed up work; Xero kills WorkflowMax Sponsors SuiteFiles - [link] Zoho - [link] Keeper - [link] Chapters (00:00) - Cloud Accounti

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Intuit QuickBooks Survey: Technology Continues to Drive Firms' Growth

Insightful Accountant

The 'Intuit QuickBooks Accountant Technology Survey' takes a deep dive into how accountants are embracing the power of technology and artificial intelligence.

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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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FinOps X 2023: Connecting the Cloud Community

finout

Join the FinOps community at the FinOps X Conference in San Diego on June 27-30th. Learn from industry experts and optimize your cloud spending.

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Is a Four-Day Workweek Right for Your Business?

Enterprise Recovery

The results are in. After a 6-month trial of over 60 companies in the United Kingdom, nearly every company in the pilot study has chosen to continue a four-day workweek. Company revenue stayed roughly the same during the trial but showed a 35% increase compared to similar periods in previous years. Most importantly, employee turnover was reduced by 57% with reports of improved well-being, better work-life balance, and reduced stress.

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10 Most Common Reasons Small Businesses Fail

Nolan Accounting Center

According to research, only about 20% of new businesses make it past the first year and, even if yours does, only about 50% make it past 5 years. There are many reasons small businesses fail and these statistics can be disheartening, whether you are just getting started or you’re an experienced business owner. However, while it’s important to keep these numbers in mind, you shouldn’t let them deter you from pursuing your dream business.

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When It's Time to Migrate Desktop to Online Payroll

Insightful Accountant

QuickBooks Desktop users can take advantage of the benefits of QuickBooks Online without having to start over using a QBO Payroll (payroll only) Subscription.

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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.