Ascend Software blog

MAY 2, 2023

Accounts payable departments are an essential part of any organization, ensuring that suppliers and vendors are paid accurately and on time. However, the traditional paper-based invoice processing method is prone to errors, delays, and high costs, making it inefficient and time-consuming. Fortunately, advancements in technology have led to the development of automated AP workflow solutions that can streamline the accounts payable process and eliminate the need for manual intervention.

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Accounts Payable Accounts Payable AP Invoice Processing 246

Intuit

MAY 5, 2023

What was the most impactful thing you learned in high school? For students at the Marvin E. Robinson School of Business and Management (SBM), that answer changes weekly. With a curriculum designed around business education, this Dallas, Texas high school is on a mission to create the next wave of executives and entrepreneurs. As a participant in our Prosperity Hub School District program with a thriving media department, we were honored to donate a sound-proof recording booth to the students and

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Collections 233

Xero

MAY 3, 2023

There are plenty of positives to owning a small business – flexibility, being your own boss, financial benefits, and many more. But, it’s no secret there are challenges too. And small business owners have had a particularly tough few years: navigating a global pandemic, various lockdown restrictions, staff shortages, increasing costs of raw materials, and high inflation.

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XERO 233

Accounting Department

MAY 1, 2023

A product rebate on Amazon is a type of promotion offered by manufacturers or sellers to incentivize customers to purchase their products. It typically involves offering a partial refund or discount on the purchase price of the product, either at the time of purchase or after the purchase has been made.

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Accounting Accounting 204

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.

Ascend Software blog

MAY 4, 2023

As a critical function of any business, Accounts Payable (AP) is responsible for managing the company's financial obligations to its vendors, suppliers, and creditors. Whether you are a seasoned accounting professional or a new entrant into the field, understanding the terminology associated with AP is essential. We have compiled a comprehensive glossary of Accounts Payable terms to help you navigate this critical area of business finance.

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Accounts Payable Accounts Payable Accounting Accounting 238

Intuit

MAY 4, 2023

There are many different motivators to start a business. Being your own boss, creating a product that changes lives, and making money would come to an entrepreneur’s mind. Among those, where does giving back to your community rank? Throughout our 40-year history, we’ve made giving back a priority. Known internally as We Care and Give Back (WCGB), our commitment to the communities we serve has always been deeply rooted in our culture and is visible in the various ways our employees give their tim

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Accounting Department

MAY 4, 2023

The financial close process involves reconciling all of the company's activity over a set period of time. This process can be completed on a monthly basis, quarterly basis, yearly basis, or any other predetermined period.

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Reconciling Accounts Receivable Accounts Receivable Account Receivables 166

Insightful Accountant

MAY 2, 2023

In today's business landscape, being a thought leader is everything. Otter PR's Amanda Reseburg spins you through some of the fine points of honing your content writing craft.

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Plooto

MAY 2, 2023

Entrepreneurs of all walks of life are looking to increase their business profit. After all, if you're not running a profitable venture, then it’s difficult to expand and grow. However, knowing how to increase profitability isn’t always easy. What are the biggest drivers of profit? How do you set and achieve your profit targets?

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Accounting Accounting 98

Xero

MAY 4, 2023

Today, I want to take a moment to recognise a truly remarkable member of the Xero team, Catherine Walker, aka “^OG” or “Orange Girl.” Catherine was part of the founding Xero crew, and after nearly 17 years, is our longest-serving employee and has seen Xero grow from its humble beginnings on her dining table in her Wellington apartment, to the global company it is today.

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Accounting

LedgerDocs

MAY 3, 2023

Gone are the days of manually recording financial transactions in ledgers and spreadsheets. With the latest technology, bookkeeping has become significantly easier and more efficient. One of the most significant benefits of technology in bookkeeping is the ability to automate processes. The software can automatically record transactions, generate invoices, and create financial reports.

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Bookkeeping Data Entry Bank Reconciliation Computation 97

Insightful Accountant

MAY 3, 2023

The Synder SYNC partner program will help provide resources and education opportunities geared toward taking advantage of new revenue opportunities in the fast-growing landscape.

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Nanonets

MAY 3, 2023

Traditionally, finance has been the domain of the smartest in our society. Now, AI tools are pushing the limits of analysis and decision-making in finance, changing the lives and careers of finance professionals around the world. AI’s can analyze more data faster than any human can. They can make decisions on the margin with information updated with milliseconds of accuracy.

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Data Entry Tax Computation Budgeting 94

CSI Accounting & Payroll

MAY 2, 2023

Owning a small daycare or childcare center can be chaotic. Between planning activities, ensuring your kids are safe, and keeping up with regulations, the work never stops. Add bookkeeping to the mix, and it may often feel impossible to stop working at a reasonable time each day. At CSI Accounting & Payroll, we've been advising childcare center owners on industry best practices for over 50 years.

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Bookkeeping Accounting Accounting Payroll 93

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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

Enterprise Recovery

MAY 5, 2023

Estimates say that the number of freelancers entering the marketplace is growing at a compound annual growth rate of 15%. Enterprise company layoffs and the demand for more flexibility after the pandemic are two of many reasons that more people are considering freelancing. If you're ready to hang out your shingle, you definitely want to make sure you're on steady ground, so preparation and planning are necessary.

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Insightful Accountant

MAY 4, 2023

The companies have teamed up to bring real-time expense management and simplified bookkeeping to small- and medium-size businesses.

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QuickBooks Bookkeeping 104

Accounting Tools

MAY 5, 2023

Related Courses Accounting Controls Guidebook What are the Limitations of Internal Controls? A system of controls does not provide absolute assurance that the control objectives of an organization will be met. Instead, there are several inherent limitations in any system that reduce the level of assurance. These inherent limitations are as follows. Collusion Two or more people who are intended by a system of control to keep watch over each other could instead collude to circumvent the system.

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Accounting Accounting 75

Ontrack Bookkeeping

MAY 4, 2023

Provisional tax is an important aspect of managing a business’s finances and tax obligations. It allows businesses to make progress payments on their upcoming income tax, based on their expected profits for the following year. This can help businesses manage their cash flow and avoid the pressure of paying a lump sum at the end of the year. For new businesses, the first-year provisional tax payment can be challenging.

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Tax 52

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.

Cloud Accounting Podcast

MAY 5, 2023

In this episode, Pat White and Rafael Casas interview Mackenzie Patel, CEO of Hash Basis, a crypto-native accounting firm based in San Francisco. Mackenzie shares her accounting background and how she got into crypto accounting. They also discuss the challenges of revenue accounting in crypto and the emerging trend of specialized crypto accounting. Get NASBA Approved CPE or IRS Approved CE Launch the course on EarmarkCPE to get free CPE for listening to this episode.

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Accounting Accounting Payroll 52

Insightful Accountant

MAY 3, 2023

Stedda has Ford in its DNA, and now Oracle NetSuite will help supercharge the next evolution of Stedda's High-Octane Business.

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Accounting Tools

MAY 4, 2023

Related Courses Accounting for Intangible Assets Fixed Asset Accounting How to Audit Fixed Assets An intangible asset is a non-physical asset having a useful life greater than one year. These assets are generally recognized as part of an acquisition , where the acquirer is allowed to assign some portion of the purchase price to acquired intangible assets.

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Computation Auditing Accounting Accounting 75

FundThrough

MAY 5, 2023

Are you looking into where you can get unpaid invoices factored or otherwise researching your options for invoice factoring? You might be wondering do banks factor invoices? Yes, some banks factor invoices. But why is it that some factor and some don’t? Should you factor unpaid invoices with a bank? We’ll answer your questions and […] The post Do Banks Factor Invoices?

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Invoicing 52

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

Nanonets

MAY 4, 2023

Processing invoices accurately and efficiently is crucial to any organization's financial health. But invoices aren’t always perfect; due to issues in invoices, it causes delays in invoice processing and releasing payments. One such issue is the presence of irrelevant pages within invoice documents. Approximately 10-20% of invoices may contain irrelevant pages, such as blank pages at the end, or other unrelated documentation like company information.

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Insightful Accountant

MAY 1, 2023

By highlighting stories of small business success and driving conversations, Intuit aims to help the small business community thrive.

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Accounting Tools

MAY 3, 2023

Related Courses Human Resources Guidebook Payroll Management The essential difference between a salary and wages is that a salaried person is paid a fixed amount per pay period and a wage earner is paid by the hour. Someone who is paid a salary is paid a fixed amount in each pay period, with the total of these fixed payments over a full year summing to the amount of the salary.

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Payroll Financial Statements 75

CSI Accounting & Payroll

MAY 4, 2023

Corralling the little ones every day at your childcare center can be exhausting. At the end of a busy day, are you left with more accounting work than you can handle? Having an accountant on your side is priceless. Not only do you minimize your taxes and gain financial peace of mind through expert advice, but you also gain more time to enjoy your life outside of work.

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Accounting Accounting Payroll Tax 52

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Developing a consistent month-end close doesn’t need to be a mystery. We’re sharing our top 10 secrets (plus one bonus!) for streamlining your close.

The FinOps Alliance

MAY 4, 2023

With an omnipresent need to manage and control cloud spending, leveraging commitment strategies to get the right price for your workloads is key. In this upcoming livestream, Benjamin van der Maas, Michel Zitman and Mudit Gupta discuss their experience in the field with this ? Watch the video to: ✅ Learn from our experience in the field with commitment strategies; ✅ Learn from past mistakes we have made so you don’t have to; ✅ Get started with commitment strategies we commonly see; ✅ Get t

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FinOps FinOps 52

Insightful Accountant

MAY 4, 2023

Not sure if you've noticed yet, but QBO Payroll has finally added a 'per hour worked' option for employee deductions/contributions.

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Payroll 96

Accounting Tools

MAY 3, 2023

Related Courses The Statement of Cash Flows What are Cash Flows from Investing Activities? Cash flows from investing activities is a line item in the statement of cash flows , which is one of the documents comprising a company's financial statements. This line item contains the sum total of the changes that a company experienced during a designated reporting period in investment gains or losses, as well as from any new investments in or sales of fixed assets.

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Financial Statements Collections 75

Future Firm

MAY 4, 2023

Are you considering Jetpack Workflow to help your firm minimize administrative workload and standardize processes? If you’re still sitting on the fence about whether this accounting software is the right fit for your firm, this review might just be the deciding factor you’ve been looking for. Check it out! Table of Contents What is Jetpack Workflow?

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Billing Financial Statements Tax Invoicing 52

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