Fidesic blog

JUNE 15, 2023

Overall, payments fraud is the lowest it has been in nearly 10 years, according to an annual report released in May by the Association for Financial Professional and J.P. Morgan.

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Intuit

JUNE 16, 2023

As inflation and other economic pressures weigh on Australian small business owners, having access to tools that can help them make smart financial decisions is critical. The best tools should leverage data to provide a personalised experience and give small and medium-sized enterprises (SMEs) the information they need to hire, expand, cut costs, and streamline with confidence.

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Data Entry Financial Services Invoicing Tax 246

Xero

JUNE 15, 2023

If you’re a small business owner, chances are you’re always on the lookout for new and innovative ways to grow your business. A great way to do so could be right under your nose: on your local football pitch, and you don’t need to buy some football boots or play a full 90 minutes. Football sponsorship isn’t just for major companies – small businesses with varying budgets can get involved, too.

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Budgeting XERO 204

Accounting Department

JUNE 15, 2023

Virtual bookkeepers work with a wide range of client types and business sizes in various stages of growth. So, your virtual bookkeeper can be expected to bring a great breadth and complexity of knowledge and experience to your company.

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Virtual Bookkeeping Bookkeeping Services Bookkeeping Outsourced Bookkeeping 161

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.

Accounting

Compleatable

JUNE 12, 2023

For small business owners, cash flow is the lifeblood that keeps their ventures running smoothly. Managing invoices and ensuring timely payments from clients and customers is crucial to maintaining a healthy cash flow. But if you’re a new business owner or perhaps snoozed through your accountancy classes at University (we’re not judging!

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Invoicing Invoice Processing Accounting Accounting 100

Blake Oliver

JUNE 16, 2023

If we want a robust, dynamic, and inclusive accounting profession, we need to remove costly and unnecessary barriers to becoming a CPA. In my latest article on the Firm of the Future blog, I delve into the challenges associated with the CPA 150-hour education requirement.

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CPA Accounting Accounting 98

Accounting Department

JUNE 13, 2023

It often happens that businesses become frustrated with slow-moving, unwieldy end-to-end experiences with their credit card programs. Encountering delays in issuing new cards to employees, which further compounds the issues, and both employees and members of the finance team lacking a centralized view of cardholder transactions, creates all sorts of ongoing challenges.

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Accounting Accounting 130

Nanonets

JUNE 14, 2023

Introduction In today's digital age, managing an avalanche of emails can be an overwhelming task, especially for businesses dealing with hundreds or thousands of emails daily. However, these emails often contain vital information, from purchase orders and invoices to customer queries or even insights that could help streamline your business operations.

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Invoicing Invoice Processing Customer Service Purchase Order 98

Insightful Accountant

JUNE 12, 2023

Murph cautions us against accepting the results of 'AI' like ChatGPT. the data these AI machines produce may be more 'artificial' than 'intelligent'.

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RevCycle

JUNE 15, 2023

What is an ASC? An ambulatory surgery center (ASC) is a healthcare facility that provides same-day, outpatient surgical care. ASCs are typically freestanding facilities, meaning they are not found within a hospital. They are staffed by a team of surgeons, nurses, and other healthcare professionals who provide high-quality, cost-effective care. ASCs offer a variety of surgical procedures, including: Cataract surgery Ear, nose, and throat procedures General surgery procedures Gynecological procedu

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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.

LedgerDocs

JUNE 15, 2023

Artificial technology rapidly changes every industry, and bookkeeping is an exception to this revolution. The future of AI bookkeeping is looking very promising, not only for bookkeepers but for business owners as well. In this blog post, we will explore how technology will reshape the role of modern bookkeepers in the coming years. Super Bookkeepers: The goal of AI bookkeeping is not to replace human bookkeepers, but to augment their abilities, to make them into “Super Bookkeepers”

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Bookkeeping 80

Nolan Accounting Center

JUNE 15, 2023

Downsizing your small business is a business strategy designed to reduce overhead costs by selling business assets or laying off employees. Many times, small business owners will downsize due to a decline in the industry or an economic recession. When it comes to downsizing, there is no standard, and may look different from one business and industry to another.

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Accounting Accounting 70

Insightful Accountant

JUNE 12, 2023

Intuit Ventures has announced an investment in Finch, the No. 1 API for employment systems. The investment will allow Finch to build deeper integrations with the Intuit QuickBooks ecosystem.

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QuickBooks 92

Accounting Tools

JUNE 16, 2023

Related Courses Business Ratios Guidebook The Interpretation of Financial Statements The current ratio and quick ratio are both designed to estimate the ability of a business to pay for its current liabilities. The difference between the two measurements is that the quick ratio focuses on the more liquid assets , and so gives a better view of how well a business can pay off its obligations.

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Financial Statements 75

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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.

AP

Outsourced Bookeeping

JUNE 12, 2023

Tax deductions are a beneficial tactic to decrease your taxable income and reduce expenses when filing taxes. This writing digs into ten clever tax deductions that individuals and businesses should know. You can improve your financial status by integrating these deductions into your tax planning strategy. We will also explore the advantages that come with using outsourced bookkeeping and accounting services , such as outsourced management of accounts payable, to guarantee precise deduction monit

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Outsourced Bookkeeping Tax Deposits Bookkeeping 59

NextProcess

JUNE 16, 2023

Depending on who you ask , the U.S. economy is either already in recession or very likely to go in that direction. In the current business climate, vendors are looking for faster payments so they can make ends meet without waiting weeks or even months for clients to pay their invoices. At the same time, clients want to hold on to cash as long as possible to guard against economic uncertainty.

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Accounts Payable Accounts Payable AP Invoicing 52

Insightful Accountant

JUNE 14, 2023

Arc Business Management and National Xero Ambassador Tate Henshaw drills down on why it is time for you to open your mind up to new techniques to help your firm.

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XERO Accounting Accounting 91

Accounting Tools

JUNE 16, 2023

Related Courses Accountants’ Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook The general ledger is the master set of accounts that aggregates all transactions recorded for a business. When a person is reconciling the general ledger, this usually means that individual accounts within the general ledger are being reviewed to ensure that the source documents match the balances shown in each account.

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General Ledger Reconciling Bookkeeping Financial Statements 75

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.

Economize

JUNE 16, 2023

Choosing the right managed database service can be a challenging task. AWS RDS and Google Cloud SQL are two major players in the space, each offering a unique blend of features and advantages. This in-depth comparison guide breaks down the key considerations, including features, integrations, flexibility, data security, and pricing to help you make an informed decision.

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SMB Accounting and Consulting

JUNE 16, 2023

One of the best things that you can do for your business is to understand financial statements. One of the biggest issues that come with reading financial statements is understanding the differences between Retained Earnings vs Owner’s Equity. The first step is defining the two. Retained Earnings is the company’s net income or loss over the period of the company.

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Financial Statements Accounting Accounting 52

Insightful Accountant

JUNE 15, 2023

Murph describes the benefits of the Hour Timesheet Referral Program as an example of options for the time-tracking/keeping app you may currently be supporting.

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90

Accounting Tools

JUNE 15, 2023

Related Courses Credit and Collection Guidebook Effective Collections Essentials of Collection Law What is a Dunning Letter? A dunning letter is a notification sent to a customer, stating that it is overdue in paying an account receivable to the sender. Dunning letters typically follow a progression from polite reminders to more strident demands for payment, if the customer continues to be non-responsive in paying.

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Collections Invoicing Accounts Receivable Accounts Receivable 75

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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

CSI Accounting & Payroll

JUNE 15, 2023

As a small business owner, you don’t have a lot of time to research all of your options for accounting services. Plus, there’s not a lot of information out there about monthly accounting. How are you supposed to find your right fit if you can’t compare all of your options? CSI Accounting & Payroll has worked with small business accounting for over 50 years.

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Small Business Accounting Accounting Accounting Payroll 52

Earmark Accounting Podcast

JUNE 15, 2023

Sponsor Check our Sponsor LiveFlow — Advanced Financial Reporting on Autopilot In this episode of the Earmark Accounting Podcast, Blake talks with Stacey Feldman, CPA, about her experiences in the world of CPG and accounting at PopSockets. They look at the challenges of scaling a startup, from tracking components in a supply chain to accounting for inventory costs.

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CPA Accounting Accounting Financial Reporting 52

Insightful Accountant

JUNE 11, 2023

With more ProAdvisors beginning the Top 100 process every year, Murph is working earlier than ever to help you qualify. Certification time has arrived.

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Accounting Tools

JUNE 16, 2023

Related Courses Accounting for Inventory Cost Accounting Fundamentals How to Audit Inventory What are Inventoriable Costs? Inventoriable costs are included in the cost of a product. For a manufacturer, these costs include direct materials , direct labor , freight in , and manufacturing overhead. For a retailer, inventoriable costs are purchase costs, freight in, and any other costs required to bring them to the location and condition needed for their eventual sale.

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Auditing Cost Accounting Accounting Accounting 75

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

Less Accounting

JUNE 15, 2023

The success of an ecommerce business depends on various factors, such as product quality, pricing, and marketing strategies. However, one of the most critical factors that can impact the long-term sustainability of the business is the returning customer rate (RCR). RCR is a metric that measures the percentage of customers who make repeat purchases from the same e-commerce store.

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Customer Service Accounting Software Bookkeeping Services Bookkeeping 52

Nanonets

JUNE 15, 2023

Accounting automation has become a game-changer in the financial world. It transforms how businesses handle their financial processes. Accounting automation can help streamline operations, reduce errors, and save time and resources. In a survey, 58% of accountants said automated accounting led to increased efficiency. US accounting services show that nearly 75% of accounting tasks can be automated.

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Purchase Order AR Accounting Accounting 52

Insightful Accountant

JUNE 13, 2023

As we celebrate June 14 as Flag Day, Murph reminds us to honor all that it represents.

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Accounting Tools

JUNE 14, 2023

Related Courses How to Conduct a Compilation Engagement How to Conduct a Review Engagement How to Conduct an Audit Engagement What is a Financial Statement Review? A financial statement review is a service under which the accountant obtains limited assurance that there are no material modifications that need to be made to an entity's financial statements for them to be in conformity with the applicable accounting framework (such as GAAP or IFRS ).

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Financial Statements Auditing Accruals Financial Reporting 75

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.

Accounting