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Technology advancements are continuously reshaping not only the way we work, but fundamentally how we operate across nearly every industry. With new innovations unlocked almost daily — each with a unique promise to transform how we do business — how do busy small businesses and their advisors separate the fad from the fancy? We’ve been doing a lot of thinking about this recently, and it’s a priority for us this year to help demystify some of these trends and shine a light on those which could be
Over the last few years, the rapid acceleration of accounting technology has redefined the way businesses go about their bookkeeping, operations, and more. This ramp-up in technology has caused a rise in the need for professional outsourced services and automation opportunities, however, business owners are still facing some challenges that can be avoided in 2023.
Erik Carlin, co-founder and CPO at ProsperOps, recently joined the FinOps Guys podcast to share his take on FinOps metrics including Effective Savings Rate (ESR). The discussion centered on the evolution of automated cloud financial management and the establishment of a metric to track true cloud savings. Read on to learn why ProsperOps has introduced ESR as the single most important cloud savings metric.
The office of the CFO is rapidly evolving, with more and more demands being placed upon the finance and accounting team each year. Join us in this webinar, where we share 8 things to NOT do when it comes to helping the CFO office advance in supporting the business. Learning Objectives: This course objective is to understand how best to support an organization's finance leadership.
The retirement of old reports is now only a little over five months away. If you’re like many small business owners and advisors, you’re probably starting to seriously think about how this will impact your day-to-day work. We’ve answered some of your most common questions, so you can feel confident about switching to new reports before 31 July 2023.
The new tier will enable accountants to get all their QuickBooks transaction questions resolved from their clients quickly and easily—and the subscription is free.
The new tier will enable accountants to get all their QuickBooks transaction questions resolved from their clients quickly and easily—and the subscription is free.
Managing cash flow is one of the most critical challenges facing small businesses today. Intuit's study, The State of Small Business Cash Flow , reported that "61% of small businesses around the world struggle with cash flow. Because of cash flow issues , nearly one-third of those surveyed cannot pay vendors, loans, themselves or their employees." Data from Guidant Financial shows that the No. 1 challenge for 32% of small business owners is lack of capital/cash flow.
It’s that time of year again. As summer winds to a close, the days will start getting shorter as the workload ramps up. For those working in payroll, that can only mean one thing: year end is approaching. There are four key changes in New Zealand payroll calculations for the new financial year: Adult minimum wage will increase to $22.70 per hour from 1 April 2023 The annual ACC earner levy rate is increasing from 1.46 percent to 1.53 percent The annual ACC earner levy threshold is increasing to
Looking for one of the top digital marketing strategies to help potential clients easily find you? Then you’ll want to read the rest of this article on SEO for accountants. In this article, you’ll find out: What SEO for accountants is Why it’s important for your firm’s growth 14 practical tips & tricks to boost your website to the top of Google Let’s go!
Murph brings you up to date on the vision that is the QuickBooks Business Network. While it's not fully capable yet, it's getting there, and appears to be heading in the right direction.
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.
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.
When you agree to do business with another company, the expectation is that you'll provide goods or services, and they'll pay in a timely manner. Providing the goods or services costs your company in overhead, salaries, expenses, and more. So what happens if your client doesn't pay on time or at all? Is there anything you can do to get paid or prevent late payments?
Streamline Your Claims Management Process with Epic and SSI Integrations [Live Webinar] Back by popular demand! The SSI Group, LLC (SSI) invites all hospitals and health systems that run Epic as their HIS to a webinar specifically designed to showcase the integrations between our systems. Learn how to simplify your claims process, reduce time to payment, and make it all a snap for your RCM team.
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.
When it comes to CFO software, it pays to be a forward-thinker as well as someone who sets high standards and strives for quality. The SaaS industry is too competitive for corporate leaders to get complacent about their finance tech stack.
The Controllers Council and Sage recently released the results of the 2023 Controller/CFO Sentiment Study , which surveyed 300 North American CFOs and controllers. The study uncovered how macro-economic trends are shaping corporate finance planning, strategy, priorities and outlooks. Among the findings, the majority of respondents expect topline revenue to increase in 2023, but very few plan to make large investments in headcount for their financial operations to manage such growth.
Continuing on its upwards trajectory, the global market value of the subscription economy reached $292 billion in 2022 – up from $224 billion in 2021. What does 2023 hold in store for subscription-based organizations? According to consumer surveys , the competitive nature of the industry will be at an all-time high in 2023. With increasingly fierce competition, how can subscription companies outpace the competition and remain relevant to subscribers?
Xero is continually updating and upgrading its accounting platform to provide an enhanced look and feel, improved accessibility and faster features. Here are some of its recent and in-progress enhancements.
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.
Forging a trusted relationship with your investors is one of your career-defining goals and responsibilities as a SaaS CFO. Especially during market turbulence and broader financial instability, your primary investors can be an essential source of capital and stability around resources.
With containerization, you can write an application once and run it anywhere. Along with portability, containers are also much more resource-efficient than traditional virtual machines (VMs). However, managing containers at scale can be challenging.
The payroll department is responsible for the delivery of payroll checks, maintenance of employees’ and ex-employees records, wage deduction, calculation of bonuses & overtime, and most importantly, ensuring compliance. This is the only department that deals with and manages functions that impact almost everyone in the organization. A simple delay can be a talking point across the organization, and an innocuous mistake can attract compliance problems for the business.
The Nomination Deadline for the Insightful Accountant 2023 ProAdvisor Awards Process is just two weeks away on March 1, 2023. Don't leave yourself off this year's list.
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.
When it comes to CFO software, it pays to be a forward-thinker as well as someone who sets high standards and strives for quality. The SaaS industry is too competitive for corporate leaders to get complacent about their finance tech stack.
At Dext, we’ve been documenting the rapid rise of digital commerce and the opportunities it brings to the accounting industry. But, like all seismic change, the rate at which things evolve rarely comes to a grinding halt. In the case of digital commerce, it appears things are accelerating once again.
Figuring out the basics of bookkeeping and finding a reliable bookkeeper is the nightmare of every small business owner just starting. However, as the business grows, so do the bookkeeping needs, which is why you should consider stepping up your bookkeeping game. Today we will explain what is full-charge bookkeeping and how you can benefit from it. What Is Full Charge Bookkeeping?
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.
It’s no surprise that the Covid-19 pandemic changed the way most businesses operate. From adjustments to staffing and labor, to remote workplaces and more, businesses have had to make financial decisions to maintain the health of their business. The Employee Retention Credit (ERC) is an opportunity to receive a refundable tax credit for businesses that paid employees while shut down due to the COVID-19 pandemic, or businesses that had a significant decline in gross receipts from March 13, 2020 t
The payroll department is responsible for the delivery of payroll checks, maintenance of employees’ and ex-employees records, wage deduction, calculation of bonuses & overtime, and most importantly, ensuring compliance. This is the only department that deals with and manages functions that impact almost everyone in the organization. A simple delay can be a talking point across the organization, and an innocuous mistake can attract compliance problems for the business.
Every business owner sooner or later reaches the point when investing in bookkeeping services can no longer be avoided. However, that doesn’t have to be a hassle because you can hire a virtual bookkeeper and get it all done without leaving your office space. Let’s explain virtual bookkeeping and how businesses can benefit from it. What Is Virtual Bookkeeping?
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
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