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Emerging technologies such as artificial intelligence and machine learning have transformed the traditional finance function by making processes efficient, improving accuracy, and enabling data-driven decision-making. According to a Forrester survey, 98% of financial institutions believe that AI and ML can give them an edge and improve how they do business.
With the cost of living continuing to rise, putting pressure on many households, it’s timely for small business owners to think about consumer confidence. Consumer confidence is an important economic indicator for small businesses that mainly sell to households, because “consumers” is really just another word for your “customers” Looking at the most recent figures, the OECD Consumer Confidence Index remains below 100 in Australia, Canada, New Zealand, South Africa, the
It's summertime at AccountingDepartment.com and we have all sorts of fun things happening! To kick off the summer season this past Memorial Day weekend, we launched our 12th annual ADC Summer Challenge.
Senior software engineer, Atia Hashimi, joined Intuit in 2019. While pursuing a master’s degree, she started working with Android applications and fell in love with mobile app development. Now, as a member of the QuickBooks Live Mobile team, she’s leading and driving tech initiatives. What did your life look like prior to joining Intuit? I was born in Afghanistan.
Speaker: Dylan Secrest, Founder of Alamo Innovation and Construction Digital Transformation Consultant
Construction payment workflows are notoriously complex when you consider juggling multiple stakeholders, compliance requirements, and evolving project scopes. Delays in approvals or misaligned data between budgets, lien waivers, and pay applications can grind progress to a halt. The good news? It doesn't have to be this way! Join expert Dylan Secrest to discover how leading contractors are turning payment chaos into clarity using digital workflows, integrated systems, and automation strategies.
We are always looking for ways to help inspire our small business community, motivate the next generation of small business owners and build our brand relevance globally. Football is the most popular and watched sport on the planet and women’s football is ascending at a rapid rate in popularity. The opportunity to help fuel and contribute to this growth is massive.
Last week, AccountingDepartment.com's Sr. Technology Integration Specialist, Joy, was able to attend Expensify's ExpensiCon event in Puglia, Italy! ExpensiCon is a 5-day event packed full of connecting, community building, and getting stuff done.
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Last week, AccountingDepartment.com's Sr. Technology Integration Specialist, Joy, was able to attend Expensify's ExpensiCon event in Puglia, Italy! ExpensiCon is a 5-day event packed full of connecting, community building, and getting stuff done.
As the center of small business success, Intuit Inc. (Nasdaq: INTU), the global financial technology platform that makes TurboTax , Credit Karma , QuickBooks , and Mailchimp, published its first annual Supplier Diversity Economic Impact Report. Through a concerted effort to proactively source products and services from small and diverse suppliers, Intuit is achieving impactful change for minority and women-owned businesses at scale.
Back for another year, the Xero Singapore Awards are all about celebrating the incredible commitment and achievements of our accounting and bookkeeping partners who work tirelessly to help Singapore small businesses thrive. As our first ever in-person Awards event, we have planned a very special evening to come together to honour you, the extraordinary work you and your team do, and to spotlight the innovation, resilience and perseverance this community has demonstrated over the year.
The failure of Silicon Valley Bank (SVB) triggered a global financial tsunami, stunning multiple industries and institutions and shaking the confidence of both businesses and consumers.
You wouldn’t keep using a 2009 flip phone - so why settle for outdated close processes? It’s time for an upgrade. SkyStem's Guide to Month-End Close Software walks you through what today’s best tools can do (and what your team shouldn’t have to deal with anymore). Get smart, fast, and a whole lot less stressed when it’s time to close the books.
Diners at Little Bear in Atlanta, Georgia, will notice a theme in the decor: dogs. Head chef and founder Jarrett Steiber named his restaurant after his dog Fernando, affectionately known as a ‘little bear’ due to his size and fluffy fur. As for the food? Jarrett will be the first to tell you that the answer isn’t as easy as you might expect. While the 30-seat eatery is inspired by Jarrett and his wife’s dining experiences in cities like San Francisco and Montreal, Little Bear preserves the atm
Why Rename PDF Files based on their content? * PDF files shared between organizations are named haphazardly. * The file names often have nothing to do with the data they contain. * This makes it hard to keep track of documents and identify them. * Precious man-hours are spent in renaming and organizing such documents for convenient reference. *This allows users to identify files more quickly, and get some information about the documents without having to open them individually.
Accounts receivable is one of the most critical roles in your business. How well your team handles collections determines whether you have the cash to make payroll, pay taxes, and cover other financial obligations. Receivables management can also become incredibly complex and high-risk. This risk compels savvy business managers to consider whether they should use accounts receivable outsourcing or turn to management software.
Speaker: Jason Chester, Director, Product Management
In today’s manufacturing landscape, staying competitive means moving beyond reactive quality checks and toward real-time, data-driven process control. But what does true manufacturing process optimization look like—and why is it more urgent now than ever? Join Jason Chester in this new, thought-provoking session on how modern manufacturers are rethinking quality operations from the ground up.
In the past couple of years the way we work has changed, with many people working remotely and with the introduction of new technology, bookkeeping has evolved. Stacks of paperwork no longer make the cut. Businesses need a way to manage thier finances on the cloud. Selecting digital tools is a big part of making that shift, it can make a huge difference in how efficiently you manage your books.
Managing accounts payable can be a time-consuming and challenging task, especially for businesses with limited resources. Thankfully, the right accounts payable software can help businesses streamline their payment processes, reduce manual errors, and improve efficiency. QuickBooks is a popular accounting software for small and mid-sized businesses.
Did you know that 67% of businesses use automation to standardize or automate daily tasks? If this is the case, why do nearly 95% of workers say they still perform repetitive, time-consuming tasks? While organizations automate many processes, they often overlook billing as an element of their digital transformation. But understanding what an automated billing system is and its importance is crucial for customer satisfaction and staying ahead of competitors.
The accounts payable (AP) function is evolving and AI is leading the charge. As finance teams face rising invoice volumes and expectations for speed and accuracy, AI-powered automation has shifted from a futuristic concept to the most practical solution. But for finance leaders, success isn’t just about selecting the right tools, it’s about implementing the right strategy.
Losing a valued employee is a blow to any business. Nowhere is this truer than in departments like accounts payable and procurement. So many key business processes happen in these finance departments that it can take quite a while to get new hires up to speed on how everything works in your organization, not to mention the expense of recruiting and training new employees.
Attention, business owners! Are you tired of drowning in spreadsheets and losing valuable time to mind-numbing bookkeeping tasks? It’s time to reclaim your freedom and focus on what truly matters.
Why AICPA's 12-point plan won't solve the CPA crisis; Earnings reports from Intuit, Sage, and Xero; Ramp adds AI features to spend management platform; why grads are ditching jobs at the Big Four; 70% of Gen Z employees would switch jobs for better tech, and more! Sponsors LiveFlow - [link] Tech Guru - [link] Client Hub - [link] Chapters (00:00) - IRS Loses $10 Billion In Debt Ceiling Deal & Proof ChatGPT Massively Increases Productivity (00:52) - Welcome to the show (04:52) - Potential debt
The scholarship will extend the influence of the Society’s retiring President and CEO by awarding a $5,000 scholarship to a deserving undergraduate or graduate student pursuing an accounting degree in Massachusetts.
Nonprofits are under more pressure than ever to demonstrate financial accountability while continuing to expand their impact. Traditional budgeting models often fall short, reinforcing silos, limiting flexibility, and stalling growth. Enter collaborative budgeting: a dynamic, team-driven process that enables smarter resource allocation and builds financial resilience at scale.
Earning more than six figures as a professional bookkeeper may feel like a long shot when starting your business. But, if you can map out the number of clients and the work hours you need each week to get there, this goal becomes much more achievable. You can expect to work about 3 hours per week per client on their bookkeeping services. However, the total number of hours you work and the number of clients you need to reach different income levels will depend on the size of the client’s busines
Attention, business owners! Are you tired of drowning in spreadsheets and losing valuable time to mind-numbing bookkeeping tasks? It’s time to reclaim your freedom and focus on what truly matters.
For this podcast episode, I want to share three marketing strategies that your firm should steer clear of, along with the compelling reasons behind this advice. Listen below. 0:36 – It’s important to note that while these strategies have the potential to be effective, they often fall short due to their flawed setup and execution. 0:46 – The first marketing strategy to avoid is paid ads, as it tends to underperform due to various factors despite its initial simplicity. 1:30 R
Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te
Hiring internally as your business and client demands grow can be a slow and costly endeavor. As a result, many firms turn to outsourcing as a more flexible and cost-effective staffing alternative. However, finding a reputable and affordable firm you can trust to deliver for your clients can be challenging. Through extensive research and talking with dozens of profitable firm owners, we discovered the top accounting outsourcing partners that thousands of US-based accounting firms work with succ
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“Behind every good business is a great accountant.” – Paul Miller, renowned tech blogger and CPA. If this quote resonates with you, then you’ve landed at the right spot!
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