Sat.Dec 17, 2022 - Fri.Dec 23, 2022

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Happy Holidays from AccountingDepartment.com!

Accounting Department

Co-founders Dennis and Bill recorded their annual holiday message to clients, sharing their views on the past year as well as what they're planning for the future! (and maybe a few bloopers to enjoy at the end).

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Trends in client documentation that make accounting easier and audits less painful

Accounting Today

Auditing 348
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ERP and Accounts Receivable Automation Integration Best Practices

Gaviti

Information silos are one of the biggest thieves of efficiency at companies worldwide. Companies spread their data across multiple platforms that update at different rates. Ultimately, this data falls out of sync, and some departments never get access to invaluable information that could help them make better decisions. This is why so many companies now look to accounts receivable integration and other similar options to break down information barriers.

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4 Common Obstacles To Managing Microsoft Azure Costs

CloudZero

Microsoft Azure was a relative latecomer to the public cloud market: AWS preempted everyone in 2006, and Google GCP came next, in 2008. By the time Azure launched in 2010, the public cloud market had already grown to more than $24 billion.

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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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An Outsourced Bookkeeper Could Be The Perfect Addition to Your Business

Accounting Department

Small businesses, especially start-ups, face all sorts of challenges, and one of the biggest is keeping track of financial information.

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IRS delays $600 threshold for 1099-K reporting

Accounting Today

Tax 288

More Trending

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MTD ITSA: A Statement from Dext

Dext

A statement from Dext, in light of HMRC’s recent announcement on the postponement of MTD for ITSA: HMRC have announced a delay to MTD for ITSA, and an increase in the income reporting level. However, the fundamental, practical challenges of servicing self-employed & landlord clients remain. At Dext, we will continue to focus on this.

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Improve Your Business Cash Flow with These Steps

Accounting Department

Cash is king when it comes to business. A business with money tied up in inventory, equipment, investments and other non-liquid assets is an enterprise with limited flexibility. In particular, cash flow accounting is especially important.

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How to network as an accountant in 2023

Accounting Today

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Accounting and Auditing Pains: When to Leave QuickBooks

Sage Intacct

For many startups and businesses that are still in the very early stages of growth, spreadsheet-based accounting solutions can be a real asset. But past a certain stage of corporate development, QuickBooks just doesn't make sense , particularly for auditing and accounting forecasting.

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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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The Difference between Bookkeeping and Accounting

SMB Accounting and Consulting

Bookkeeping and accounting are often used interchangeably when describing a process of recording financial transactions for a business, but they are not the same functions. Generally speaking, bookkeeping is a part of the accounting process that focuses on recording financials transactions and is heavily rooted in data entry and reconciliation of bank and credit card transactions and statements.

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Databricks Pricing Explained: A 2023 Guide To Databricks Costs

CloudZero

For data professionals interested in data modeling, artificial intelligence, and machine learning, Databricks offers a powerful cloud data platform. The Databricks Lakehouse combines data lake and data warehouse capabilities in one architecture.

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Art of Accounting: Seven ego builders to avoid

Accounting Today

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Warning Signs Your SaaS Company is Outgrowing QuickBooks: Painful Audits and Challenging Forecasts

Sage Intacct

For many startups and businesses that are still in the very early stages of growth, spreadsheet-based accounting solutions can be a real asset. But past a certain stage of corporate development, QuickBooks just doesn't make sense , particularly for auditing and accounting forecasting.

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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 Wall That 7-Figure Firms Face

Future Firm

Many have developed their company swiftly past mid-6 figures, and while it wasn’t simple, things change when they hit 7-figures. Worst, they get stuck. I will explain two ways I diagnose this wall to help business owners break through it. Listen Below. 1:38 – Today, I want to share 2 things that I do to diagnose this wall to help firm owners break through it. 1:44 – The very first thing I do is get an understanding of the firm’s packages and prices. 2:14 – I’ll also look at the firm’

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4 Bookkeeping and Accounting Tips for Small Businesses

Counto

4 Bookkeeping and Accounting Tips for Small Businesses Keeping organised and having an accurate understanding of your financial situation is crucial to running a successful business. Moreover, setting up a system or accounting checklist for tracking your financial data will help you stay on top of your company’s numbers and keep your business secure.

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PCAOB proposes new audit confirmation standard

Accounting Today

Auditing 264
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Payroll – Christmas and Public Holidays

Ontrack Bookkeeping

Christmas is a time of sun, sand, lots of food and family time here in the Southern Hemisphere. Ensuring employees get paid right for the public holidays however can be a challenge for those employing staff. We thought we would put together some examples to help you on with navigating the challenges of the Christmas payroll this year. PUBLIC HOLIDAYS THAT FALL ON A WEEKEND How to work out pay and holiday entitlements for a calendar date public holiday falling on a weekend, as Christmas Day

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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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Xero partners with New Zealand Football to support football communities in Aotearoa

Xero

I’m thrilled to announce Xero is partnering with New Zealand Football to help support football clubs across Aotearoa, helping Kiwis balance better numbers off the field through a club support programme. . Through this long-term partnership agreement, which will run until 2026, we’re aiming to build on increased interest in the beautiful game that will no doubt be supercharged by the FIFA Women’s World Cup 2023 held in New Zealand and Australia.

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Rudolph and the Revenue

Accounting Fun

Rudolph the red-nosed reindeer Hated paying NIC Went to a sharp adviser Paid the man a hefty fee He told the other reindeer You should do the same as me Go and see my adviser Get yourself a PSC Then one foggy Christmas eve the taxman came to say: "Your idea was not so bright You owe tax, you're banged to rights" So all the deer were bankrupt Didn't have a bean they said Now taxman's after Santa He'll be really in the red.

Tax 40
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IRS tax return backlog will continue into 2023 filing season

Accounting Today

Tax 256
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QuickBooks? They Were On QuickBooks?

Cloud Accounting Podcast

Sponsors Zoho - [link] Liscio - [link] Canopy - [link] Need CPE? Subscribe to the Earmark Accounting Podcast: [link] Get CPE for listening to podcasts with Earmark CPE: [link] Show Notes 14:24 – Accountant that vetted Binance's reserves halts all crypto work | Accounting Today [link] 15:00 – Auditor Mazars Pauses All Work For Binance, Other Crypto Clients [link] Binance says the accounting firm it used to verify its reserves has paused all work for crypto clients [link] Binance Shows 'Pro

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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. 212: Jennifer Smith – Obsessing over efficiency with the CEO of Scribe

IMA's Count Me

Connect with Jennifer: [link] Learn more about Scribe: [link] Full Episode Transcript: < Intro > Adam: Hello and welcome to Count Me In. The podcast that explores the world of business from a management accountant's perspective. This is Adam Larson, and today my co-host Neha, is talking to a woman who describes herself as an accidental CEO.

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Making Tax Digital for ITSA has been delayed, but we’re ready to support you

Xero

HMRC has announced that Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) has been delayed until April 2026. With small businesses, accountants and bookkeepers facing challenging times, we understand and support the delay from HMRC – giving you more time to prepare. . From this date, landlords and self-employed people earning above £50,000 annually will need to comply with MTD rules.

Tax 39
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Improving yourself is surprisingly simple

Accounting Today

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Creditors Beware of Subchapter V: Podcast

NACM

? On today's episode of the Extra Credit #podcast, we take a look at how Subchapter V bankruptcy filings dilute a creditor's rights.? Hear advice from the experts, Jason Torf and Lynnette Warman!

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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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The Ultimate Guide to Digital Transformation in Accounts Payable

MineralTree

What does digital transformation mean in Accounts Payable? Digital transformation in Accounts Payable (AP) occurs when teams use technology to automate and streamline manual processes across the back office. It evaluates existing processes across the AP workflow to identify areas of improvement and help teams unlock greater efficiencies and insights.

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How A/R Collections Data Can Improve Working Capital Management

Gaviti

Are you looking for new ways to improve working capital management? Most business owners have this on their annual to-do lists. It is crucial for small businesses that typically do not have the extensive funding of their bigger competitors. Small businesses have increasingly turned to automation to resolve operational issues, and maintaining cash in hand is no exception.

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BDO aims to increase diversity and inclusion

Accounting Today

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Political Risk Increases in Egypt Despite IMF Financial Support

NACM

The new International Monetary Fund (IMF) executive board approved a 46-month, $3 billion financial support package for Egypt, saying it "will catalyze additional funding of about $14 billion," per Reuters. This financial arrangement, Extended Fund Facility (EFF), aims to reduce government debt to less than 80% of gross domestic product (GDP) in th.

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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.