Sat.Mar 30, 2024 - Fri.Apr 05, 2024

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Simplifying the Monthly Close Process with These Simple Strategies

Accounting Department

The month-end is coming up and that means it is time to close. A monthly close can be a laborious process that is dreaded by some accounting and finance departments, but it doesn't have to be that hard!

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Intuit Survey: U.S. High School Students Want Financial Education at School

Intuit

Financial education has the potential to improve the lives of millions of high school students by giving them the skills they need to make informed decisions. Yet according to Intuit’s Financial Education survey, most high school students today rely on their parents for any financial knowledge. The survey shows that there is a massive opportunity to fill this gap and empower the next generation by teaching financial education in our schools.

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professionals

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Uncertainty surrounds CTA — for accountants and small biz

Accounting Today

Ongoing court cases and questions about whether accountants can actually work on BOI reporting make the Corporate Transparency Act a source of serious confusion.

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Five ways to work smarter in Xero this FY25

Xero

With the new financial year officially upon us, now is your chance at a fresh start. This means it’s time to revisit goals, set intentions, and level up in order to make the most of the next 12 months. A good place to start? By optimising your systems and processes to create more seamless workflows and win back time. To help you set off on the right foot, we’ve rounded up a list of ways to work smarter in Xero.

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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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Unveiling the Power of Technology & Tips for Staying Ahead | Beyond the Books Podcast by AccountingDepartment.com

Accounting Department

We are thrilled to announce that Episode 16 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

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The Transformative Impact of Automating Payments on Accounts Payable, Finance, and Treasury Teams

Ascend Software blog

In today's digital era, businesses are constantly seeking ways to boost their operational efficiency and streamline complex processes. One pivotal area that stands out for potential optimization is the Accounts Payable (AP) department. Traditionally bogged down by manual, paper-based tasks, the AP process can be a significant drain on resources and time.

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Empowering women’s football through Coach Education Scholarships

Xero

To further support women’s football worldwide, FIFA has provided 14 Coach Education Scholarships for aspiring female coaches in Aotearoa New Zealand. The scholarships were backed by Xero as part of its global women’s football partnership with FIFA, and ongoing commitment to support the growth of the game and uplift the wahine involved. The 14 female coaches took the first steps on their coaching pathways this month when they joined a female-only OFC C Licence course in Auckland.

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Ease the Stress of Gov-Con Accounting with AccountingDepartment.com

Accounting Department

Outsourced accounting services play a crucial role in providing valuable assistance to business owners, CEOs, and entrepreneurs. With our extensive experience at AccountingDepartment.com, we have successfully tackled a myriad of challenges that businesses encounter in their accounting processes.

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What is MagiCapture? Accounts Payable Tools

Fidesic blog

In this blog post we will tell you what MagiCapture is, who it's for and how it can help you improve your accounting department.

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Only half of filers trust AI with taxes

Accounting Today

Companies using artificial intelligence have a long way to go before people will fully trust them to help with their taxes, according to a recent poll.

Tax 294
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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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Make the most out of your Xerocon London trip

Xero

It’s with great excitement and anticipation that we announce the winner of Xero Australia’s Xerocon London partner competition. One lucky partner and a guest of their choosing will be treated to flights and accommodation to London and tickets to attend this year’s Xerocon London on 12 – 13 June. So, the moment of truth. The winner is… A. Kirk (postcode 2340)!

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Intuit UK Gender Pay Gap Report

Intuit

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

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Top Remote Accountants for Hire | April 4, 2024

accountingfly

Top Remote Accounting Candidates This Week Looking for remote accountants? Accountingfly can help! With our ‘ Always-On Recruiting ‘ program, you can access highly skilled and experienced remote accountants with no upfront cost. These are just a few of our top candidates this week. Sign up now to receive our full list of top accounting candidates available weekly!

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NetSuite aspires to make AI ubiquitous

Accounting Today

Brian Chess, AI development lead with NetSuite, explained the company's AI Everywhere philosophy during the SuiteConnect conference.

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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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The AI Revolution: Navigating the Future of Tax Practices

Insightful Accountant

AI is transforming the tax industry, yet professionals are wary of embracing it fully due to data security, ethics, and client relationships. Practice owners must navigate this shift for success.

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Why Drake Software on Cloud Makes Sense?

Ace Cloud Hosting

Drake is a simple-to-use tax management software that allows professionals to file taxes accurately and quickly. It offers features such as automated data flow, multi-state returns, etc., allowing you to.

Tax 105
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Accountingfly Hiring Update: April 2024

accountingfly

Sharing our perspective on the latest trends impacting talent acquisition in the accounting industry. Market Trends: RTO Causing Tax Pros to Head for the Door; 2024 Busy Season Freelancer Trends Tax Pros Fleeing RTO Firms Tax hiring season usually ends on December 31. So, we were surprised to see qualified tax candidates applying to Accountingfly in January and February 2024.

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On the move: RubinBrown names Kansas City MP

Accounting Today

CohnReznick appoints first president of global operations; Maxwell Locke & Ritter rebrands, and more news from across the profession.

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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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Vote for 2024 Domestic ProAdvisor Awards Closes Tomorrow

Insightful Accountant

Voting for the 2024 Domestic (US & its Territories) ProAdvisor Awards will close April 2, 2024 at 23:59:59 Pacific Time. If you haven't voted, get your vote in today.

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Top 10 Add-ons For ProSeries Tax Software

Ace Cloud Hosting

ProSeries Tax Software is among the most widely used tax software for individuals and accounting professionals. Per the 2023 tax software survey by the Journal of Accountancy and The Tax.

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Guide to Virtual Bookkeeping and Automation

Nanonets

Gone are the days of tedious manual data entry and stacks of paper ledgers. Businesses are now embracing the virtual to streamline their financial management processes. Enter virtual bookkeeping – a paradigm-shifting approach that harnesses the power of digital tools and automation to revolutionize traditional bookkeeping practices. Picture this: a team of expert bookkeepers diligently managing your financial records and transactions without setting foot in your office.

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The link between migration and income tax

Accounting Today

A new study analyzing 110 years of state-level tax policies shows a migration of wealthy Americans to low-tax jurisdictions.

Tax 294
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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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Worth The Read - The Good, the Bad and the Ugly of It

Insightful Accountant

Who says 'progress' is always good? Sometimes it's a mess. Here's one case of QB Enterprise to QBO Advanced migration that was more of the later than the former. Maybe you can help???

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Working 2 Hours / Week, Running a $1.6M Firm, and Rapping with Scotty Scarano

Jetpack Workflow

Podcast Summary On this episode of Growing Your Firm, David Cristello interviews Scotty Scarano, the self-titled wrapping custodian at Accounting High. Scotty, who is also the founder of a $2 million accounting firm and serves on various tech company boards, shares insights on OKRs and his rap career. Tune in to learn more about Scotty’s journey and his unique approach to the accounting industry.

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Azure Cost Management – Your Guide to Improve Cost Efficiency

Economize

Introduction to Azure Cost Monitoring Regular and proactive monitoring is essential for maintaining the efficiency and cost-effectiveness of your cloud environment. By continuously monitoring your resources, you can ensure that they operate as desired and remain within your budget. In Microsoft Azure, Cost monitoring is managed by Azure Cost Management tools.

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Art of Accounting: An April Fool's Day story that's true

Accounting Today

This outrageous story about an accountant's client and his wife might not seem like it's real, but it is.

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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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Reinventing the Sales Approach: How Apps Can Attract Clients Without Harassment

Insightful Accountant

Accountants want innovation without the flashy features. Let's focus on aligning with their needs and creating a seamless solution. Ditch aggressive sales tactics for a more desirable approach and shake things up in the industry.

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Top 10 Bookkeeping Mistakes Small Businesses Make and How to Avoid Them

Less Accounting

Bookkeeping is the backbone of any successful business, regardless of its size. Yet, many small businesses struggle with managing their finances effectively, often making critical mistakes that can impact their bottom line. In this blog post, we share the top 10 bookkeeping mistakes small businesses commonly make and provide actionable tips on how to avoid them: Neglecting to Separate Personal and Business Finances: One of the most common mistakes small business owners make is failing to separ

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4 Types of Azure Billing Accounts & Tools for Cost Control

Economize

How Does Azure Billing Work? Microsoft Azure consists of numerous services and resources catering to diverse business requirements. From compute resources, and databases to analytic services, the Azure platform offers an extensive range of solutions to address your infrastructure needs.

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AI and the firm of the future

Accounting Today

Wipfli's Kelly Fisher offers a practical look at artificial intelligence and how accounting firms should be thinking about it.

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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.