Sat.Feb 18, 2023 - Fri.Feb 24, 2023

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The Lowdown on Accounting Process Automation

Accounting Department

Notorious for being time-consuming, manual processes consume a lot of time for businesses. This is caused by relying on spreadsheets to handle core accounting functions that could otherwise be completed in seconds or minutes, rather than hours or days. Not to mention every manual process is prone to human error, which could lead to additional costs, delays, and issues.

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A personal note from Xero’s new CEO

Xero

I wanted to take a moment to say hello to you, and thank you for being a Xero customer! I recently stepped into the new role as Xero’s CEO, and it’s a privilege to serve all of you – our Xero team, our investors, and all the communities of which we are a part. Xero is a special company with the potential to contribute even more to your journey as small businesses, advisors and partners, and I look forward to getting started.

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professionals

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Investing in the Future of Cloud FinOps Automation

ProsperOps

We recently announced an investment led by H.I.G. Growth Partners and a few other strategic investors. There’s no better time to expand our reach and deepen our capabilities, given the nascent maturity of FinOps as a discipline, not to mention the recession in tech. Most companies are leaving money on the table The FinOps Foundation’s 2023 State of FinOps report lays out the thesis for ProsperOps in 2023 and beyond.

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How to Streamline Invoice Processing | Dynamics GP AP Workflow

Fidesic blog

In this article we will discuss Microsoft Dynamics GP AP workflow capabilities, when to use them, how to use them and alternatives for best results.

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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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Be Prepared to Make These 5 Accounting Decisions

Accounting Department

For new and growing businesses, accounting may not be the most exciting topic for owners, however, it's good accounting that will keep a business alive and prepared for what is around the corner.

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Cyber Attacks Expected to Target Accounting Data in 2023

Insightful Accountant

A recent Deloitte Center for Controllership poll shows that 48.8% of C-suite and other executives are preparing for cyber events targeting their organizations’ accounting and financial data.

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Forecasting & Reporting for SaaS: How to Thrive in a Recession

Sage Intacct

When the market goes south, you need to have your forecasting and reporting capabilities dialed in more strongly than ever. In-depth and accurate reporting will enable you to keep your board and team up to date and confident that you can ensure continued profitability. Forecasting will help you analyze the impact of different plans and decisions before you commit to them.

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Improving Cash Flow Forecasting Through AP Analytics & Better Data

MineralTree

Cash flow forecasting is a critical part of financial planning for businesses of all sizes. Accurate cash flow forecasts help businesses plan for the future, identify trends, and make strategic financial decisions. In this blog post, we will discuss the importance of cash flow forecasting and how businesses can better manage their cash flow through AP analytics and better data management.

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Warehouse Wednesday: SOS Manufacturing for QBO

Insightful Accountant

If you're looking to migrate from QuickBooks Desktop to QBO, and you need assemblies or manufacturing, be certain to check out SOS Inventory.

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Advice for Busy Business Owners

Enterprise Recovery

When you own your own business, something always demands your attention. Whether it's troubleshooting office issues like internet outages, customer service challenges, or trying to get paid, entrepreneurship is a busy vocation. To grow your business, you may need to adjust your focus from putting out fires to looking at your business differently. Adjust your perspective with this helpful advice for busy business owners.

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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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QuickBooks Limitations are Holding Back SaaS CFOs

Sage Intacct

As a simple bookkeeping tool, QuickBooks meets the needs of many early-stage SaaS organizations, but pressures facing finance departments put that effectiveness to the test. A new report shows there are key limitations for QuickBooks-dependent SaaS CFOs and they should move on to better alternatives.

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How An Ex-Teacher Became A Sales Master: 3 Ways To Make Sales Simple | The Successful Bookkeeper Blog

The Successful Bookkeeper

To ensure your bookkeeping firm will grow and be profitable, you’ll have to do one thing bookkeepers hate: selling. Fortunately, you don’t have to love sales to be great at it.

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The Move to Improve Sustainable Accounting Worldwide

Insightful Accountant

A new partnership between AICPA & CIMA and University of Oxford's Saïd Business School takes aim at bolstering the industry's global sustainability efforts.

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Here’s How Business Process Outsourcing Makes It Easy To Scale Up Your Company

NextProcess

When you’re running a business, how well your business scales is a vital consideration. This is particularly important for small and midsize businesses and new companies. Scalability plays a significant role —perhaps the most significant role—in determining if your business is poised to take advantage of growth opportunities and respond to market changes.

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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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21+ DevOps Podcasts That Are Must-Listens For 2023

CloudZero

DevOps can be challenging because there aren’t standard approaches to it. Your DevOps approach can be vastly unique to your organization's needs, including the DevOps engineering talent and budget you have available.

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6 Short Term Financing Options for Growing SMBs

FundThrough

No doubt that you’ve seen for yourself that having quick access to capital is vital for keeping your business running smoothly. One way to get funding in a hurry is short term financing. It can help business owners cover unexpected costs or losses, bridge cash flow gaps, or take advantage of timely opportunities while limiting […] The post 6 Short Term Financing Options for Growing SMBs appeared first on FundThrough.

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New QBO Estimates & Invoices on the Way

Insightful Accountant

QuickBooks Online is giving Estimates and Invoices a makeover. Before rolling them out to everyone, it has been giving some customers the new experience and getting feedback.

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QuickBooks Limitations are Holding Back SaaS CFOs

Sage Intacct

As a simple bookkeeping tool, QuickBooks meets the needs of many early-stage SaaS organizations, but pressures facing finance departments put that effectiveness to the test. A new report shows there are key limitations for QuickBooks-dependent SaaS CFOs and they should move on to better alternatives.

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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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9 Ways Your Accounting Firm Can Utilize Automation in 2023

Jetpack Workflow

Would you like to take some accounting tasks off your plate and work more efficiently? Are you looking to modernize your firm and implement more automation in your accounting processes? You’ve landed in the right place. We’re obsessed with finding ways to make your firm more productive, and that’s what this guide will ultimately help you do. This article will cover: What accounting automation is The benefits of using more automation in your firm Features you should look for when choosing your ac

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NASBA Says No Way To Lower 150-Hour Rule

Cloud Accounting Podcast

Guest Randy Crabtree of The Unique CPA podcast; the UK has an accountant turnover crisis, too; should accountants unionize? Field service app Jobber raises $100 million and more! Sponsors SuiteFiles - [link] LiveFlow - [link] Anchor - [link] Need CPE? Subscribe to the Earmark Accounting Podcast: [link] Get CPE for listening to podcasts with Earmark CPE: [link] (00:00) - Thank you to our sponsor, SuiteFiles (00:26) - Preview: Why Saas businesses look horrible on paper (01:08) - Introduction and

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QBO Monday Minute: A Peek into the QuickBooks Business Network

Insightful Accountant

In case you're curious, Liz Scott checks into the database that allows businesses to connect with both customers and vendors. Check out her video look here.

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How Accounts Payable Outsourcing Can Rescue Your Cash Flow

Outsourced Bookeeping

Accounts payable outsourcing is the process of entrusting accounts payable (AP) processes to a third-party provider. This can include the entire accounts payable process or just certain components such as invoice processing or vendor management. Outsourcing accounts payable frees up time for an organization’s internal staff and allows them to focus on more value-adding tasks.

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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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5 Ways Automation Can Improve The Lives Of Your Manufacturing Clients

The Successful Bookkeeper

Automation and AI are high on the agenda right now in the world of business. For a long time, there have been forecasts of robots coming to take our jobs, leaving human beings with little to do beyond keep the machinery running.

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5 Smart Ways to Boost Your Accounting Firm’s Productivity

Jetpack Workflow

According to a recent study , workers have about three productive hours in a day. A lot of time is spent on office chit-chat, coffee and smoking breaks, and employees surfing the Internet looking for better opportunities. However, it’s still possible for accounting business owners to salvage much of this wasted time and save your firm thousands of dollars from unproductive hours.

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The New and Improved Xero Bank Reconciliation Report

Insightful Accountant

Murph is here to tell you all about a new version of Xero's Bank Reconciliation Report packed with loads of extra features.

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How Accounts Payable Outsourcing Can Rescue Your Cash Flow

Outsourced Bookeeping

Accounts payable outsourcing is the process of entrusting accounts payable (AP) processes to a third-party provider. This can include the entire accounts payable process or just certain components such as invoice processing or vendor management. Outsourcing accounts payable frees up time for an organization’s internal staff and allows them to focus on more value-adding tasks.

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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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How to Prepare an Effective Franchise Loan Package

Bookkeeping Express

So you’ve decided you’d like to be a franchise owner. You’ve (hopefully) read our posts about how to analyze a Financial Disclosure Document and how to get financing to buy a franchise , and after some diligent effort, you’ve decided on the franchise that is right for you. Now, you’ll need to apply for financing, and that means assembling a loan package to present to potential lenders.

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10 Alternatives To Layoffs For Tech Companies In 2023

CloudZero

Alphabet. Netflix. Shopify. Amazon. Meta. Microsoft. These are just a few of the leading tech companies that recently laid off thousands of employees. Slashing jobs, because it is often one of the biggest expenses for tech companies, may seem like a quick fix, but it can be counterproductive, especially when it impacts experienced engineers.

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Insightful Accountant & Tax Practice News First Look on RCReports

Insightful Accountant

On behalf of Insightful Accountant and Tax Practice News, Murph reviews RCReports, a tool for determining reasonable compensation, and more.

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Forecasting & Reporting for SaaS: How to Thrive in a Recession

Sage Intacct

When the market goes south, you need to have your forecasting and reporting capabilities dialed in more strongly than ever. In-depth and accurate reporting will enable you to keep your board and team up to date and confident that you can ensure continued profitability. Forecasting will help you analyze the impact of different plans and decisions before you commit to them.

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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.