Sat.Jun 22, 2024 - Fri.Jun 28, 2024

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Inventory Management Strategies To Maximize Efficiency

Accounting Department

From a manufacturing perspective, inventory is everything for business owners that can significantly impact their financial well-being. That is why effective inventory management is of utmost importance for manufacturers or other businesses that keep things on the shelves.

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Deadline for MP Elite 2024 submissions extended

Accounting Today

Due to extensive interest, Accounting Today is extending the deadline for submissions for its annual Managing Partner Elite list to the end of the day on Monday, July 8.

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ProAdvisor Awards All About Preparation

Insightful Accountant

The number of participants in the ProAdvisor Awards grows each year, with more and more highly qualified ProAdvisors entering the mix. We hope you are one of them, but preparation for participation goes a long way at achieving recognition.

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Why SaaS Companies are Embracing Usage-Based Pricing

Billing Platform

Did you know that 61% of software as a service (SaaS) companies have adopted usage-based pricing (UBP) ? Also known as consumption-based pricing , pay-as-you-go, time/unit-based pricing, pay per transaction, metered billing , and resource-based pricing, UBP enables customers to pay for products or services based on resources consumed. As the rising star of SaaS pricing, usage-based pricing examples are in every industry.

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5 Steps to Shield Your Business: The Ultimate Guide to Avoiding Payment Fraud

As scams grow more sophisticated, it's crucial to stay proactive in defending against these threats. This guide equips CFOs, accountants, and business leaders with five essential steps—from fundamental safeguards to advanced security measures to strengthen your financial defenses. From enhancing data security to implementing fraud detection tools and safeguarding financial transactions, this guide provides expert advice that could save your company millions.

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Why A Podcast For Entrepreneurs | Beyond the Books Podcast

Accounting Department

We are thrilled to announce that our season 1 finale, Episode 24, of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

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Taxpayer Advocate spotlights problems with IRS assistance

Accounting Today

The Internal Revenue Service isn't doing enough to help victims of identity theft receive their tax refunds, according to a report from National Taxpayer Advocate Erin Collins, and its statistics on answering phone calls are misleading.

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How to calculate the cost of goods sold

Accounting Tools

What is the Cost of Goods Sold? The cost of goods sold is the total expense associated with the goods sold in a reporting period. The cost of goods sold is subtracted from the reported revenues of a business to arrive at its gross margin ; the gross margin reveals the amount of profit generated prior to selling, general and administrative expenses. Formula for the Cost of Goods Sold The cost of goods sold is calculated by aggregating the period-specific expense listed in each of the general ledg

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How Entrepreneurs Can Leverage ERP's to Scale Their Businesses

Accounting Department

In today’s fast-paced business environment, entrepreneurs and business owners must find ways to streamline operations, improve efficiency, and scale effectively. Traditional enterprise resource planning (ERP) systems have long been associated with large enterprises.

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IRS lowered its sights on high-income taxpayer audits

Accounting Today

The Internal Revenue Service switched over from focusing its audits on taxpayers earning $10 million or more to those earning $400,000 or more after passage of the Inflation Reduction Act.

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Enhanced QuickBooks Online Payroll Paycheck Correction Functionality

Insightful Accountant

QuickBooks Online Payroll has enhanced functionality related to correction of, late payment of, and backdated payment of paychecks, with fewer 'time out' blocks and greater self-control by ProAdvisors and their clients.

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How to Navigate Revenue and Expense Management: Competitive Insights for Financial Success

Speaker: Hilary Akhaabi, PhD - Founder, Chief Financial & Operations Officer at Go Africa Global

In the fast-paced world of corporate finance, staying ahead of the curve is crucial for sustainable growth and profitability. This exclusive webinar with leading expert Hilary Akhaabi, PhD, will teach you practical ways to navigate complex financial landscapes and enhance your company's revenue management capabilities. Whether you're aiming to refine your financial strategies or seeking innovative solutions to drive performance, this new session is for you!

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Let Remote Quality Bookkeeping Handle Your Bookkeeping Needs

Remote Quality Bookkeeping

As a business owner, you know that you have a ton of responsibilities. You have to make sure that all of your employees are doing what they need to do to make your company run smoothly, you have to make sure your customers are happy with everything. Who has time to do the bookkeeping? For most businesses, bookkeeping is a necessary evil that they would rather pay someone else to do.

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Key Qualities and Skills for an Accounts Receivable Specialist

Enterprise Recovery

Certain qualifications and skills can make a difference in your business's financial success. Consider the following traits for your A/R specialist job description and hire someone who will ensure your financial records are solid and your clients pay on time. Here are some key qualities and skills to look for in an accounts receivable specialist.

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ISSB to streamline sustainability disclosure frameworks, standards

Accounting Today

The International Sustainability Standards Board will improve the sustainability disclosure landscape by streamlining and consolidating frameworks and standards.

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Warning: AI for Tax Advice May Not Be a Fit

Insightful Accountant

AI in tax prep has boosted efficiency and accessibility. But concerns arise over the reliability of AI-generated tax advice, especially for complex cases.

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How To Streamline Finance Operations Through Automation

Speaker: Claire Grosjean

In today’s fast-paced business environment, finance professionals are under increasing pressure to optimize operations and drive strategic value. As a result, automation has become a core part of business strategy, offering unprecedented opportunities to streamline operations and drive efficiency. Join esteemed global finance and operations executive, Claire Grosjean, for a comprehensive guide on how to harness automation’s power through strategic collaboration with functional leaders.

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Ep. 268: Jean Pierre Rukebesha - Using AI to Help Small Businesses Thrive

IMA's Count Me

Join host Adam Larson as he welcomes Jean Pierre Rukebesha , Co-Founder and CEO of Rukbe Tech , in an episode that highlights the seamless blend of accounting expertise and tech innovation. Jean Pierre shares his inspiring journey from growing up in Rwanda to becoming a pioneering entrepreneur in Canada. Discover how his background in accounting led him to create groundbreaking technological solutions for small businesses.

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Introducing The Ask Lisa YouTube Series!

The Successful Bookkeeper

Learn about the launch of the Ask Lisa video series and how it can help bookkeeping business owners!

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Santander renews $140M audit with PwC

Accounting Today

Banco Santander decided to renew its contract with PricewaterhouseCoopers, potentially keeping one of Europe's biggest such relationships with the firm until 2035.

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Enhanced QuickBooks Online Payroll Paycheck Correction Functionality

Insightful Accountant

QuickBooks Online Payroll has enhanced functionality related to correction of, late payment of, and backdated payment of paychecks, with fewer 'time out' blocks and greater self-control by ProAdvisors and their clients.

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How to Avoid Getting Ghosted: Top 3 Secrets to Staying Relevant with Gen Z

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant or getting "ghosted" if they fail to meet the evolving needs of Gen Z consumers. In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will reveal key considerations banks should factor into their efforts to develop target products for the next generation of bank customers.

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Margin of safety | Safety margin

Accounting Tools

What is the Margin of Safety? The margin of safety is the reduction in sales that can occur before the breakeven point of a business is reached. This informs management of the risk of loss to which a business is subjected by changes in sales. The concept is useful when a significant proportion of sales are at risk of decline or elimination, as may be the case when a sales contract is coming to an end.

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Audit Preparation Made Easy: Steps For A Smooth Audit Process In The Gulf

Outsourced Bookeeping

Auditing is like a never-ending game of clues. The culprit stays hidden till the end! Despite being the backbone of a business’s success, auditing can be a daunting and time-consuming process for organizations and individuals regardless of previous experiences. However, with proper preparation, planning, and implementing the right strategy, businesses can breeze through auditing fast and smoothly and even use it to improve the business.

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On the move: Forvis Mazars names Key Award winners

Accounting Today

Plus, KPM CPAs welcomes eight new staff accountants; ConvergenceCoaching graduates 2023-24 spring leadership class; and more news from across the profession.

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5 Best Practices for AWS RDS Snapshots & Cost Management

Economize

What is an RDS snapshot? An AWS RDS Snapshot is one of the essential tools in Amazon Web Services for managing databases. RDS Snapshot is essentially a backup of your Amazon Relational database that captures the state of your database instance at a specific point in time.

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Navigating the Automation Landscape: Selecting Tools That Fit Your Business

Speaker: Gary Dmitriev

Our upcoming webinar aims to demystify the process of selecting and implementing automation tools for financial institutes. This session will provide your roadmap for vetting potential solutions, focusing on due diligence, vendor assessments, and aligning technology with strategic goals. We’ll also address the critical issue of innovation fatigue, offering tips on maintaining enthusiasm and momentum for new initiatives.

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100 Funniest Tax Memes to Make Tax Season Entertaining

Ace Cloud Hosting

Looking for a dose of humor in the midst of tax season? Dive into our collection of the funniest tax memes that will make even the most daunting financial tasks.

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5 Common Invoicing Mistakes Tree Service Companies Should Avoid

Outsourced Bookeeping

Are you in a financial bind due to invoice errors that are costing you a significant amount of money? The importance of accurate invoicing cannot be overstated. It’s not just about getting paid, it’s about the financial health and reputation of your business. Superficially, invoicing may seem like a straightforward and tedious task that might not require a business owner’s attention.

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5 ways accountants are using AI to streamline workloads

Accounting Today

Accountants are adding AI tools to their work, saving time and becoming more efficient.

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AWS Fargate Pricing Guide for Cloud Container Management

Economize

Introduction to AWS Fargate AWS Fargate is a revolutionary serverless compute engine for containers that simplifies the deployment, management, and scaling of containerized applications. By abstracting away the underlying infrastructure, Fargate allows developers to focus on building and running applications without worrying about server management.

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Secure SaaS Success: Embedded Finance as a Competitive Advantage

Speaker: Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms

Join us for an exclusive webinar hosted by Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms, where he’ll explore the significant impact of embedded finance on the software industry! This session is designed to provide you with the strategic insights needed to navigate the future of SaaS successfully, all while gaining a deeper understanding of how these trends can enhance your competitive edge, boost revenue, and deepen customer loyalty.

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Word OCR: Turn images and PDFs into editable Word documents

Nanonets

Have you ever found yourself staring at a scanned document or PDF, wishing you could edit the text as a Word document? You're not alone. Whether you need to update a contract, extract text from an invoice, or digitize a handwritten note, converting them to editable text can be frustrating. That's where OCR (Optical Character Recognition) comes in.

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Top 8 Expense Management Tips for Small Businesses

Remote Quality Bookkeeping

Managing your business’s finances is essential for establishing and maintaining success. However, increasing revenue is not the only goal; effective expense management is also critical. Our guide will reveal eight practical tips that small businesses can embrace to manage their expenses impeccably. Consider this a road map to financial discipline, focusing on several factors you may need to pay attention to for your business.

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The past and future of accounting ethics

Accounting Today

Ethical standards in accounting encompass the moral principles and rules that accountants are required to adhere to during their professional work.

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B2B Payment Trends in 2024 and Beyond 

AvidXchange

From cash to crypto, payment technologies have changed substantially over the years, shifting how businesses transact with suppliers and manage financial operations. Today, B2B payment trends are evolving to leverage technologies that make transactions faster and more secure. In our B2B Payment Trends guide, we share insights from our recent surveys of finance leaders and extensive industry research.

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How to Easily Navigate Crypto Accounting in the Web3 Era

Speaker: Aaron Jacob, VP of Accounting Solutions & Reagan Cook, GTM Lead

Are you struggling to navigate the complexities and challenges that come with crypto accounting? 🤔 This new webinar will cover everything businesses need to know to get started with crypto accounting after incorporating crypto into their business models! Industry experts Aaron Jacob and Reagan Cook of TaxBit will thoroughly explore the prevalent operational hurdles encountered by accounting teams when interacting with crypto on the books, and detail how software solutions can effectively