Sat.May 27, 2023 - Fri.Jun 02, 2023

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Integrating AI into Your Finance Function

Nanonets

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.

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How are your customers feeling?

Xero

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

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It's Summertime at AccountingDepartment.com!

Accounting Department

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.

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Customize your career journey at Intuit

Intuit

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.

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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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What Can Canadian Accountants Learn from the Silicon Valley Bank Failure

Plooto

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.

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Self Made: Another inspiring Xero Roadshow spent with our growing community

Xero

This year was nothing short of phenomenal, as our Roadshows once again united our accounting, bookkeeping and app partners during our live Johannesburg and Cape Town events. This year we welcomed a record 2,300+ attendees across the two sold-out locations. It’s always amazing to see the passion and support within our growing community, and the innovation driving the accounting industry forward.

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More Trending

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Atlanta chef crafts a culture of respect

Intuit

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

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How to Rename PDF Files Based on Content

Nanonets

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.

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Beautiful game, beautiful business: Why this, why us, and why now?

Xero

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.

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Accounts Receivable Outsourcing vs. A/R Collections Management Software: What You Need to Know

Gaviti

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.

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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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Intuit’s First Supplier Diversity Economic Impact Report Reinforces Commitment to Small & Diverse-Owned Businesses

Intuit

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.

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Tracking Contractor Retention the QuickBooks Way

Insightful Accountant

Murph takes you step by step through tracking construction or contractor retention the QuickBooks way.

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It’s about you and all that you do: Xero Singapore Awards 2023

Xero

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.

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Factors to Consider When Choosing Digital Bookkeeping Software

LedgerDocs

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.

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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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Links Between Employee Retention and Business Process Automation

NextProcess

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.

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IRS Announces 2024 Inflation Adjustments for Health Plans

Insightful Accountant

The IRS has announced 2024 inflation adjustments for HDHP and HSA health plans that could impact payroll deductions or contributions.

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How Many Hours per Bookkeeping Client to Make $50/$100/$150K

Jetpack Workflow

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

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QuickBooks Live Bookkeeping Review 2023: Pricing Services and More

Ace Cloud Hosting

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.

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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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IRS Loses $10 Billion In Debt Ceiling Deal & Proof ChatGPT Massively Increases Productivity

Cloud Accounting Podcast

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

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Karla Uribe is Intuit's New Director of Product Management, Partners Segment

Insightful Accountant

Intuit QuickBooks has welcomed Karla Uribe as the New Director of Product Management, Partners Segment for the accountant community.

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The 6 Best Outsourced Accounting Firms to Consider in 2023

Jetpack Workflow

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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QuickBooks Live Bookkeeping Review 2023: Pricing Services and More

Ace Cloud Hosting

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.

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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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3 Marketing Strategies Your Firm Should Avoid

Future Firm

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

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FTC Safeguards Rule Compliance Due as of June 9, 2023

Insightful Accountant

You cannot procrastinate any longer, June 9 is the deadline for FTC Safeguard rules regarding cyber security.

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Invoice Matching

Nanonets

One significant activity in Accounts Payable (AP) processes is Invoice Matching. Traditional approaches in this key task may cost time, effort, and human resources to a business. Using innovative technologies and automated toolsets can optimize invoice matching to provide extra leverage and value to a business. This article provides a detailed insight on invoice matching, the different types, the need for touchless invoice processing or invoice management , and its varied benefits.

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The Complete Azure Tagging Guide (Updated 2023)

CloudZero

Tags provide a fairly simple way to label resources in a way that makes sense to your organization, such as to a specific engineering team. It enables you to assign categories to your resources so you can easily group, monitor, track, and filter them in any environment.

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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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In-house Server vs. Cloud Hosting: Understand the Differences

Ace Cloud Hosting

The issue of hosting infrastructure is an important one in the digital age because data and online services are now essential to enterprises. Companies frequently struggle with choosing between in-house.

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MassCPAs Launches Scholarship to Honor Legacy of Amy A. Pitter

Insightful Accountant

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.

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What is the procurement process?

Nanonets

The operation of any business hinges on the procurement of essential goods and services from third party vendors.  While there are two participants in a procurement process – the buyer and the seller, it is the act of procurement by the buyer that is referred to as the procurement process. Procurement is critical to the buyer’s business because it decides the quality of the goods/services to be used by the business, and the cost benefits associated with it.

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Don't make this mistake with ChatGPT

Blake Oliver

A lawyer used ChatGPT to write a 10-page brief that he submitted to a federal court. Just one problem — the cases cited were fake! Please don't use generative AI to do legal or tax research. And if you do, be sure to verify the sources and citations. GPT is like autocomplete. It makes stuff up when it doesn't have the answer. You have been warned!

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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.