Sat.Nov 11, 2023 - Fri.Nov 17, 2023

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Optimizing Spending for Improved Profitability

Accounting Department

As a small and medium-sized business (SMB) owner, managing your cash flow and expenses is crucial to keep your business afloat and profitable. But in today's ever-changing business landscape, controlling costs is easier said than done.

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Top 5 Financial KPIs for Business Strategy

Invoicera

A strong business strategy is like the game of chess, where KPIs make every move easy. No doubt, in this competitive world, standing out is difficult. But what if you have a business strategy that makes it possible? Decisions that can mean the difference between thriving and merely surviving. But how can you ensure your choices are the right ones?

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How to Conduct a Cash Flow Analysis

MineralTree

Conducting a cash flow analysis is an integral part of running a business — dedicating time to this process can mean the difference between barely surviving and thriving. However a cash flow analysis is only as valuable as your ability to understand and interpret the results. By assessing your cash inflows and outflows, you can gain valuable insights into your organization’s financial health, helping you make informed decisions to sustain and scale your operations.

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Why 2024 will be the year of generative AI for investment accounting

Accounting Today

While it initially garnered attention for its creative applications in content and image generation, the true potential of generative AI lies in its ability to unlock new ways of thinking in the business world.

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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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Common Financial Ratios to Analyze Your Business’s Health

Nolan Accounting Center

As a small business owner, it’s important to be aware of the financial health of your business. One of the most powerful tools to help you analyze your business’s health is financial ratios. These ratios provide you with valuable insights into the performance, profitability, and overall financial stability of your business. Nolan Accounting can help you track the financial ratios of your Southeast Wisconsin business.

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We’re introducing eInvoicing to Xero in the UK

Xero

Many governments around the world are introducing eInvoicing as a way to drive digitisation of the small business economy, with some regions even mandating its use. While it’s still early days in the UK, we expect that eInvoicing will eventually become a global best practice standard and a natural part of the cloud accounting process. Today, we’re excited to share that we are the first major small business accounting software company to launch eInvoicing in the UK.

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More Trending

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IRS promises improvements with extra funding

Accounting Today

Commissioner Danny Werfel and Taxpayer Advocate Erin Collins discussed the enhancements the IRS has been making thanks to the additional billions of dollars of funding.

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New Sage Intacct Features Give Deeper Insights and Automation to Help Drive Better Business Decisions

Insightful Accountant

New Sage Intacct release extends capabilities to consolidate financials for complex ownership structures, improve project management, integrate ministry financials, improve 1099 e-filing and respond to governance expectations

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Announcing the winners of the 2023 Xero Beautiful Business Fund

Xero

We’re very excited to reveal the global and regional winners of the inaugural Xero Beautiful Business Fund – each of whom will receive a share of the NZ$750,000 global prize pool. After receiving a massive 5,500+ applications across four categories and seven countries, our regional and global judging panels have selected a total of 28 winners.

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It's the Holiday Season and Time for a Workplace Secret Santa! | Beyond the Books Podcast by AccountingDepartment.com

Accounting Department

We are thrilled to announce that Episode 6 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

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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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IRS destruction of paper returns had little impact

Accounting Today

The service's decision to destroy around 30 million unprocessed paper information returns to reduce its backlog during the pandemic probably had little effect on taxpayers, according to a new report.

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Fostering Exquisite Enterprises for a Thriving Future: Introducing the winners of Xero Beautiful Business Fund and State of the Industry Report

Insightful Accountant

Xero unveils the recipients of the prestigious Xero Beautiful Business Fund and present an insightful State of the Industry Report. Join us as we delve into the world of fostering exceptional enterprises.

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Celebrating the South African winners of the Xero Beautiful Business Fund

Xero

We recently launched a new initiative, the Xero Beautiful Business Fund , providing more than R8,000,000 in funding globally to our small business customers in South Africa, Australia, New Zealand, Singapore, the UK, Canada and the US. We received a huge number of applications from a diverse range of Xero customers, all doing amazing things. There were 28 winners overall, including four South African winners who were recognised for best demonstrating, in a 90 second video, how they would use the

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How artificial intelligence can help save accounting

Blake Oliver

I'm published in the Journal of Accountancy! You can now read my article, "How artificial intelligence can help save accounting," on the JofA website. ? Highlights include: Insights on how GPT is reshaping routine accounting tasks. A look at AI's potential to mitigate staffing issues and reduce burnout. Examples of AI's applications in accounting and their impact.

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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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The best small-biz acct'g software, and other tech stories you may have missed

Accounting Today

Plus, Google wants you to ditch passwords, and eight other things that happened in technology this past month and how they'll impact your clients and your firm.

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6 Ways to Seize Market Opportunities with Metered Billing

Billing Platform

While the terms are typically used interchangeably, there are a few subtle differences between usage-based billing and metered billing – the most significant being in how charges are calculated. Usage-based billing calculates charges based on how much of a product or service is used. Whereas metered billing uses the amount of time customers use the product or service.

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Celebrating the South African winners of the Xero Beautiful Business Fund

Xero

We recently launched a new initiative, the Xero Beautiful Business Fund , providing more than R8,000,000 in funding globally to our small business customers in South Africa, Australia, New Zealand, Singapore, the UK, Canada and the US. We received a huge number of applications from a diverse range of Xero customers, all doing amazing things. There were 28 winners overall, including four South African winners who were recognised for best demonstrating, in a 90 second video, how they would use the

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Intuit QuickBooks Unveils New Product Innovations at QuickBooks Connect that Help Accountants Drive Small Business Growth

Insightful Accountant

Intuit (NASDAQ: INTU) introduced new innovations at QuickBooks Connect to serve accountants and small businesses via QuickBooks online ecosystem.

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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 will receive 30M more 1099-Ks

Accounting Today

Thanks to the lower threshold, the service expects to receive about 44 million 1099-Ks in 2024, up from about 14 million.

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How to Choose the Right Pipeline Management Tools for Tech-Savvy Sales Managers

Nanonets

Introduction Hey Sam! Ever felt like you're juggling too many balls in the air, trying to keep that sales pipeline flowing without a spill? In the ever-evolving world of sales, where targets loom large and time is of the essence, it's crucial to have the right quiver of tools at your disposal. But here’s the deal—finding the best sales pipeline management tools isn't just about staying ahead; it's about revolutionizing your approach.

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Announcing the winners of the 2023 Xero Beautiful Business Fund

Xero

We’re very excited to reveal the global and regional winners of the inaugural Xero Beautiful Business Fund – each of whom will receive a share of the NZ$750,000 global prize pool. After receiving a massive 5,500+ applications across four categories and seven countries, our regional and global judging panels have selected a total of 28 winners.

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Debunking Common Myths about DCAA Compliant Timekeeping

Insightful Accountant

Navigating DCAA compliance can be daunting for contractors. Misinformation and myths add to the confusion. In this article, we debunk common myths about DCAA compliant timekeeping.

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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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Average audit fees are rising as auditors turn more to technology

Accounting Today

Average audit fees increased by 4.6% from 2021 to 2022, and more auditors are using data analytics in their audits, according to a new report.

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9 Must Watch Movies/TV Series For CPAs and Accountants in 2024

Ace Cloud Hosting

CPAs and accountants play an integral role in the functioning of every small and large business. With multiple tasks, work for these accountants can get hectic at times. Watching movies.

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We’re introducing eInvoicing to Xero in the UK

Xero

Many governments around the world are introducing eInvoicing as a way to drive digitisation of the small business economy, with some regions even mandating its use. While it’s still early days in the UK, we expect that eInvoicing will eventually become a global best practice standard and a natural part of the cloud accounting process. Today, we’re excited to share that we are the first major small business accounting software company to launch eInvoicing in the UK.

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4 Super Easy Ways to Increase Your Firm’s Referrals

Insightful Accountant

Referrals are the best way increase your firm’s prospect pipeline and are worth way, way more than any referral you could get through traditional marketing sources, including social media and PPC (pay-per-click) ads.

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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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On the move: Windes adds tax partner

Accounting Today

IFAC and FASB both appoint and reappoint board members; RSM raises $4.7M for nonprofits via Power of Love program; and more news from across the profession.

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How Much Does QuickBooks Cloud Hosting Cost?

Ace Cloud Hosting

Understanding QuickBooks cloud hosting pricing is as complex as a game of Monopoly – it can seem confusing and intricate with no clear path to success. However, it doesn’t have.

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Top 10 Subscription Management Tools of 2024

Invoicera

By 2025, the subscription economy will reach a market size of $1.5 trillion. Source: UBS Wealth Management If you own a subscription business, you might be looking for a tool to make your financial management easier. Before choosing any tool, a lot of questions can come to your mind like: How to pick the best subscription management tool when so many are out there?

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Bring the Temperature Down on Year-end Payroll Reporting

Insightful Accountant

For the next few months, accountants are fielding calls and emails with a tinge of desperation around payroll books that are a mess and reporting deadlines that seem impossible to meet. Let’s bring some peace to this process.

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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.