Sat.Dec 24, 2022 - Fri.Dec 30, 2022

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Is It a Good Idea To Outsource as a Start-Up?

Accounting Department

Startup founders and managers rightfully question whether it is prudent to outsource accounting and bookkeeping or keep the work in-house. Chart out the positives and negatives of outsourcing accounting/bookkeeping projects and you’ll find the positives are significantly greater in number.

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9 Reasons You Should Be Reviewing Your Profit & Loss Report

The Savvy Bookkeeping Blog

A profit and loss (or income) statement lists your income and expenses. It tells you how much profit you’re making, or how much you’re losing. It’s one of the most important financial documents your business will need to produce. Successful business owners review their Profit & Loss regularly.

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New mileage rates from IRS

Accounting Today

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How Tracking Kubernetes Costs Over Time Reveals Important Context

CloudZero

Your company may receive a monthly bill that includes the storage, network, and compute used to run Kubernetes applications. At this point, you can see how much you’ve spent on Kubernetes as a whole.

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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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Making The Most of Client Accounting Services

Accounting Department

Business owners and CEOs often wear a lot of hats in their organizations. Accounting and bookkeeping may not be one of their specialties, putting them at risk for lost payments, missed revenue, and preventing the company from growing as it should. Client accounting services (CAS) can help a business owner automate many financial tasks and maximize efficiency and profitability.

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Accounts Receivable and Business Collections Trends for 2023

Enterprise Recovery

It's time that we review our blog posts from the past year to discover any trending topics for 2023. In previous years, we've used this annual review to learn insights on how we can do better for our readers. Let us know if there's a topic that we can do better for you in the upcoming year. Here are the Accounts Receivable and Business Collections Trends for 2023.

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12+ Kubernetes Labels Best Practices To Apply ASAP In 2023

CloudZero

Scalability is one of the main reasons for using Kubernetes. Yet, scaling Kubernetes systems can reduce visibility into critical components. To overcome this, you have to organize your Kubernetes resources in a way that helps you find and track them more easily.

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What is Tax Debt and How Does it Impact Your Small Business?

Nolan Accounting Center

If your business owes taxes to the IRS after the filing deadline, you have tax debt. Even if you filed early and paid a portion of the bill, the remaining balance is considered tax debt. Many small business owners fear that the IRS will seize their businesses if they owe back taxes. If you have a small business in Southeast Wisconsin, let Nolan Accounting help you with your financials.

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Understanding the Role of a Company Secretary: What to Know

Counto

Understanding the Role of a Company Secretary: What to Know Understanding the role of a company secretary is essential to keeping a company compliant and running smoothly. This article outlines the duties and responsibilities of a company secretary and provides insight into the importance of having a qualified and experienced individual in this role.

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The top 15 stories of 2022

Accounting Today

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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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ElastiCache Vs. Redis: How Do They Compare? (Updated 2023)

CloudZero

As technology improves and customer demands change, many companies must provide fast, engaging, and secure services. Developers rely on platforms that support sub-millisecond response times to power these capabilities in their applications.

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What is Tax Debt and How Does it Impact Your Small Business?

Nolan Accounting Center

If your business owes taxes to the IRS after the filing deadline, you have tax debt. Even if you filed early and paid a portion of the bill, the remaining balance is considered tax debt. Many small business owners fear that the IRS will seize their businesses if they owe back taxes. If you have a small business in Southeast Wisconsin, let Nolan Accounting help you with your financials.

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How to Scale Your Freelance Business

Less Accounting

One of the undeniable benefits of freelancing is your ability to control your earning potential. There is no salary cap or company budget holding you back from earning the money you need. However, that doesn’t mean it comes easily. How do you scale your freelance business to give yourself the income you deserve? It takes strategy. You need to make smart business decisions to avoid burning yourself out and throwing the towel in altogether.

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Bookkeeper embezzles $29M from prominent Texas family

Accounting Today

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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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Time Blocking vs Time Boxing, other techniques, and how it all fits together

Ontrack Bookkeeping

In a world with endless distractions, it’s no wonder that we find it difficult to complete tasks. Focus is hard to come by these days. This is especially true when you’re working from home. Household tasks that would otherwise be out of sight and out of mind are suddenly in your workspace. With that said, there are some proven methods to help you get things done.

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Auditing Apathy With Ron Baker

Cloud Accounting Podcast

Sponsors LiveFlow - [link] Zoho - [link] Need CPE? Subscribe to the Earmark Accounting Podcast: [link] Get CPE for listening to podcasts with Earmark CPE: [link] Show Notes Buy Ron's book, "Time's Up!: The Subscription Business Model for Professional Firms": [link] 14:27 – FTX US auditor Armanino defends work for failed crypto exchange [link] Get in Touch Thanks for listening and for the great reviews!

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How Can ERP Integration Help You Manage Purchasing and the Supply Chain?

NextProcess

As companies continue dealing with the business ramifications of the COVID-19 pandemic, supply chain management remains a key concern. Shipment delays, suppliers that can’t deliver, and other supply chain disruptions can have a significant, negative effect on a business. To make matters worse, many companies struggle to manage the supply chain effectively.

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The 2022 Top 100 People: Making a change

Accounting Today

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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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QuickBooks vs Xero vs FreshBooks

Billah and Associates

There’s nothing similar to the feeling of maintaining your own business. Be that as it may, delivering a product or service is just a part of it. Proper financial management and accounting can show the moment of truth in your business. That’s where QuickBooks vs Xero vs FreshBooks – the top three cloud-based accounting software come into play.

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Dec 28, Canadian Bookkeeping and Tax Rates

Bookkeeping Essentials

Compliance tax rates of interest to Canadian small business owners and bookkeepers who work from home. Includes tax free automobile allowance rates.

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After 2 years, it took just 2 minutes to resolve this HMRC query

Accounting Fun

This is a true story about a tax dispute that went on for two years before the underlying issue was clarified. It made me smile. An Inspector of Taxes was explaining to me that the owner of the small business had been refusing to co-operate. As a result a relatively straightforward tax dispute about a tax scheme was heading towards the first tier tax tribunal.

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Tax Strategy: New clean energy prevailing wage and apprenticeship requirements

Accounting Today

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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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Ep. 213: Robert Bendetti, Jr. - An expert’s guide to cash flow management

IMA's Count Me

Connect with Robert: [link] Check out IMA's Statement of Cash Flow Tutorial Full Episode Transcript: < Intro > Adam: Welcome to Count Me In. The podcast that brings you an insider's look at accounting and finance professionals working in business. I'm Adam Larson. My guest today is Robert Bendetti Jr. Robert is a CPA and the CFO of Lifecycle Engineering, and he joins me for a high-energy discussion about cash flow management.

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NACM's CMI Forecasts Trouble Ahead in 2023

NACM

?At the start of 2022, economic activity was bursting at the seams as businesses recovered from the depths of the pandemic. But roughly one year later, NACM's Credit Managers' Index is painting a very different picture of the U.S. economy … and credit professionals sense trouble ahead.Hear from Amy Crews Cutts in today's episode of Extra Credit #po.

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How CFOs Can Prepare for Financial Digital Transformation

MineralTree

The world continues to digitize at an accelerating pace, pressuring finance departments to follow suit. This presents both challenges and opportunities for Chief Financial Officers (CFOs), who must navigate the complexities of financial digital transformation in order to lead their organizations toward success. In this blog, we explore the key issues and trends that CFOs must tackle, and offer practical advice on how to prepare for these challenges in order to capitalize on the opportunities of

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Tax benefits for wealthy earners in SECURE 2.0

Accounting Today

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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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4 reasons every firm needs a disaster recovery plan

Accounting Today

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Your 2023 to-do list

Accounting Today

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IRS issues interim guidance on IRA provisions

Accounting Today

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Watch out: Top focal points for audit season

Accounting Today

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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.