Fidesic blog
AUGUST 24, 2023
When evaluating an automation solution, tangible cost benefits are often difficult to quantify. There's the obvious things, like reducing printing check costs, transitioning to ACH instead of checks, and the reduction of hard costs that relate to shipping, but many of the main benefits are more ‘soft costs'.
Accounting Today
AUGUST 24, 2023
The institute sent comment letters requesting changes in two forms used to report on foreign trusts, and guidance on energy credits and advanced manufacturing investment credits.
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Xero
AUGUST 22, 2023
The hype around artificial intelligence (AI) is making small businesses feel that its development and adoption is moving at lightning speed. In fact, our new research shows that 80% of small business owners globally are concerned that the fast pace and nature of AI is leaving regulation in the dust. They told us they want governments to do more, given the potential big impact to industries and the workforce.
Accounting Department
AUGUST 22, 2023
In the pursuit of business growth and expansion, establishing a strong and effective financial management system becomes imperative. This encompasses precise record-keeping, timely reporting, and adherence to regulatory obligations. To effectively navigate growth and focus on core business activities, many organizations are turning to outsourced client accounting services.
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.
Fidesic blog
AUGUST 22, 2023
Fidesic Power Reporting makes it easy to run custom reports, lookup individual transactions with ease and always be ready for an accounts payable audit at any time.
Accounting Today
AUGUST 24, 2023
Internal Revenue Service employees weren't always following the proper rules when it came to directly contacting taxpayers instead of their representatives like accountants and attorneys.
Financial Ops World brings together the best financial operations content from the widest variety of thought leaders.
FinOps in Practice
AUGUST 22, 2023
Like most IT processes, MLOps has maturity levels. They help companies understand where they are in the development process and what needs to be changed in their ML approaches to move to the next level (if that is their goal). Using commonly accepted maturity level methodologies also allows companies to determine their place among competitors. Google Model Google has its own model of MLOps maturity levels.
Fidesic blog
AUGUST 22, 2023
There is an existing HubSpot connector on the Power Automate Connector list; however, this version does not yet support the scope changes to HubSpot's API.
Accounting Today
AUGUST 25, 2023
In an era where technological advancements redefine our day-to-day activities, artificial intelligence and machine learning have emerged as transformative forces in various sectors.
Xero
AUGUST 23, 2023
It was great to see so many new and familiar faces from Xero’s accounting and bookkeeping community at Xerocon Sydney 2023. As always, day one featured a packed agenda – and you better believe the pace didn’t let up on day two. Sharing insights and inspiration We had another busy morning on the main stage. The day kicked off with a moving welcome from Te Raranga Whanui Kapahaka group, followed by an insightful conversation between Xerocon host Julia Zimero and Xero CEO, Sukhinder Si
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.
Outsourced Bookeeping
AUGUST 22, 2023
Various taxes come with higher earnings. This aspect is the primary concern of every working individual. Heavy taxes are imposed on high-earning working professions which burn away through the final income generated. There are dozens of taxes in 2023 that are imposed on high-income earners. Therefore, every working professional requires specialized assistance to save significant finances otherwise catered to tax payments.
Ace Cloud Hosting
AUGUST 20, 2023
QuickBooks Desktop is a well-known accounting software that assists accountants in managing their financial operations with ease. Nevertheless, businesses nowadays are demanding remote access, cost-effectiveness, smooth user collaboration, and improved.
Accounting Today
AUGUST 22, 2023
Only 17% of executives now anticipate a recession, according to a survey released Tuesday by PricewaterhouseCoopers, and 74% believe they can attract and retain the talent they need.
Xero
AUGUST 21, 2023
This year’s US Roadshows were nothing short of inspiring, with accounting, bookkeeping and app partners showing up from all over the country to attend our events in Austin, Atlanta and Los Angeles. Joining us were leaders from Gusto, Poe Group Advisors, and futurist Elatia Abate to highlight how you can tap into the voice of the customer, capitalize on growing technologies, and capture the moment you’re in now.
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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.
The Successful Bookkeeper
AUGUST 22, 2023
It’s not just about crunching numbers and tracking expenses. For bookkeepers, it means being there for their clients by understanding the landscape of the industries, adapting financial agility, and advising ways to improve efficient cash flow. Introducing modern technology solutions like instant payments can give bookkeepers an edge in enhancing financial success for their clients.
Future Firm
AUGUST 23, 2023
As new ideas and features emerge, it’s all too easy for the initial project boundaries to expand far beyond their intended limits. In this episode, I discussed nine key strategies that I have tested in the field to effectively prevent scope creep. Listen Below. 0:43 Scope creep or out-of-scope work is defined as performing tasks not outlined in the client agreement.
Accounting Today
AUGUST 21, 2023
If partners do not have a buy-sell agreement and one of them dies or is suddenly disabled, there will be problems between the survivors and the family of the affected partner.
Xero
AUGUST 22, 2023
Wow! What an exciting first Xerocon as CEO. Day one was full of so many inspiring moments. Of course, the best part was talking directly to our accounting and bookkeeping community about the critical role they play in the lives of small businesses. Being on the big stage to discuss the importance of Xero’s purpose and partnerships was not only a highlight, but also a privilege – as was seeing the rest of the day unfold.
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.
Dext
AUGUST 23, 2023
A recent survey by Dext has revealed the ongoing accounting pressures felt by small business owners at present. The survey of 250 small business leaders in the UK uncovered some major issues relating to the time required to complete bookkeeping tasks, visibility of finances, and general ongoing stress.
Blake Oliver
AUGUST 19, 2023
In this video, I test whether ChatGPT, the generative AI chatbot from OpenAI, can pass the CMA Exam. I found some CMA exam practice questions on the IMA website and copied them into ChatGPT without any other context. Remarkably, ChatGPT answered all five practice questions correctly and provided detailed explanations for its reasoning. It even showed its work on the required calculations.
Accounting Today
AUGUST 21, 2023
Henry Gabay, founder of a now defunct London-based asset manager, told a German court that he's innocent and that the "devastating" Cum-Ex charges against him are built on lies by his former business associates.
Nanonets
AUGUST 23, 2023
AI-based document processing is transforming the way businesses handle paperwork. It is overhauling traditional data entry, approval systems, and document management. As per a Smartsheet study , workers spend over a quarter of their week on mundane tasks like data management. Most of us can relate to the frustration of sifting through complex documents, manually extracting data, or struggling with clunky document management systems.
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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!
RevCycle
AUGUST 23, 2023
The Hospital Price Transparency Rule was enacted in 2021 with the goal of making hospital prices more transparent for patients. The rule requires hospitals to post their standard charges, negotiated rates, and cash prices for 300 common services online in a machine-readable format. However, more than two years after the rule went into effect, many hospitals are still not in compliance.
Reconciled Solutions
AUGUST 22, 2023
The FedNow Service (an instant payment infrastructure developed by the Federal Reserve) went live on July 20, 2023. It allows US financial institutions to provide safe and quick (think “seconds”) payment services. The post Get paid almost instantly with FedNow appeared first on Reconciled Solutions.
Accounting Today
AUGUST 24, 2023
How many inefficient meetings do we have in which 10 people, each billing out at $100 to $400 an hour, sit around talking about things without having a clear-cut objective or next steps from the meeting?
CSI Accounting & Payroll
AUGUST 24, 2023
Working in real estate takes a big investment of time and money. Plus, when it comes to expenses, it’s not always crystal clear whether they're deductible or not. In this industry where expenses add up quickly, understanding your expenses will help you deduct appropriately and avoid overpaying on your quarterly and year-end taxes. At CSI Accounting & Payroll, we've worked with tax deductions for the real estate industry for over 50 years.
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!
CloudZero
AUGUST 25, 2023
Over the next five years, the cloud computing market is expected to grow at a compound annual growth rate (CAGR) of 18.3%. Cloud-based services are becoming increasingly popular with businesses of all sizes, contributing to the growth of this market.
LedgerDocs
AUGUST 21, 2023
In the past few years the business landscape has been more unpredictable than usual, because of this unpredictability, small businesses need to be agile, innovative, and efficient to maintain their success and get the edge they need to remain competitive. Leveraging a cloud based digital document management software, such as LedgerDocs, can be the game-changer that empowers your business to not only survive but thrive.
Accounting Today
AUGUST 23, 2023
The board finalized a new standard aimed at providing more useful information on a venture's financial statements and curbing differences in reporting practice.
Reconciled Solutions
AUGUST 22, 2023
The Chart of Accounts works in the background as a critical element of QuickBooks Online. Keep reading to understand its role. There are still many. The post What You Should Know About the Chart of Accounts in QuickBooks Online appeared first on Reconciled Solutions.
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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