The Savvy Bookkeeping Blog
OCTOBER 22, 2021
You lean over and turn off your computer after a full day of work. You feel relieved that another day is done. Your mind turns to what you’re going to have for tea and whether you’re going to need anything from the supermarket.
Sage Intacct
OCTOBER 26, 2021
Companies are continually striving to improve their performance and it is important to know how you stack up to your peers. As FinOps takes a bigger role in charting the growth of a SaaS company, what are the benchmarks for what to do, and when? Sage Intacct, The SaaS CFO, and RevOps Squared conducted research throughout Summer 2021 to benchmark how recurring revenue companies managed the financial reporting process.
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CloudZero
MAY 11, 2021
Data is a key business intelligence tool. Successful businesses rely on data to make decisions. And every business needs a secure destination for storing collected data for later analysis. Cloud-based data warehouses are increasingly becoming the go-to destination.
SMB Accounting and Consulting
NOVEMBER 4, 2021
Income but no cash?! How does that happen?? How could a business be making money according to their profit and loss but have no money… or even worse, negative cashflow? This answer can vary depending on whether the company’s books are kept on a cash basis or accrual basis, but the general premise is the same. A company pays cash for things that don’t show up on the profit and loss.
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.
5 Minute Bookkeeping
MARCH 25, 2021
When you’ve got a problem in QuickBooks Online, the ‘easy fix’ is making a journal entry…right? As an accounting professional, you may have been trained to use journal entries liberally (I know I was), but in QBO there are some situations where journal entries help, and some where they can really mess up the books ! The key is knowing which is which and what goes on inside QBO when you create journal entries to make corrections.
IPS
DECEMBER 15, 2021
Every business wants to do more with less these days. Sixty-two percent of businesses reduced expenses because of the economic volatility caused by the pandemic, the. Institute of Finance and Management (IOFM) reports.
Financial Ops World brings together the best financial operations content from the widest variety of thought leaders.
Billah and Associates
DECEMBER 26, 2021
The financial industry is evolving. In 2018, The Wall Street Journal provided details regarding a new review from Deloitte that featured a significant pattern affecting the financial business labour force. As per the review, 63% of CFOs foresee finance experts will require abilities in information analysis, forecasting results, and decision-making assistance within the next three years.
Oversight
DECEMBER 22, 2021
O rganizations around the world lose approximately five percent of their annual revenues to financial fraud, according to a survey by The Association of Certified Fraud Examiners (ACFE). The data can be surprising and gains the attention of anti-fraud practitioners, organizational leaders, and financial managers. Here, we reference 11 statistics that prove no organization is immune to the misrepresentation of financial assets.
AvidXchange
DECEMBER 20, 2021
This article, written by Matthew Cleary, VP of Accounting Operations for Douglas Elliman Property Management , is an excerpt from our recent eBook “Expert Insights: The New State of Real Estate,” available for download here. Download our full report: The New State of Real Estate Over the past few years, my company’s accounting department converted communications and reporting systems with the ultimate goal of becoming completely digital.
FreshBooks
DECEMBER 17, 2021
In this webinar, learn how to stand out and win clients, while staying true to your vision and worth. Our speaker is Stefan Palios, Founder of Freelance Sales Blueprint, a program that teaches freelancers how to sell more, at higher rates, to better clients. Stefan has trained everyone from independent freelancers all the way up […] The post Killer Proposals Webinar: How to Stand Out and Win the Work appeared first on FreshBooks Blog - Resources & Advice for Small Business Owners.
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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!
The Savvy Bookkeeping Blog
OCTOBER 16, 2021
I’ve been providing bookkeeping services to conveyancers now for several years, and have witnessed the transition from desktop software and paper forms to eConveyancing and cloud based practice management software. In fact I worked in the conveyancing and legal industry 20 years ago and the changes from then to now have been substantial.
Sage Intacct
JANUARY 11, 2021
The ultimate success of high ACV SaaS startups is tied directly to the CFO building the right model and financial system.
CloudZero
OCTOBER 22, 2021
There are many tangible benefits to using containers for your computing needs. Containers help break large applications into smaller packages that are more agile, scalable on-demand, resilient, cost-effective, and less resource-hungry than monolithic apps or workloads running on traditional virtual machines (VMs) or bare metal servers.
SMB Accounting and Consulting
OCTOBER 20, 2021
In QuickBooks Online and Desktop, the Bank Feed is a nifty tool for importing transactions directly from your bank. Each transaction that the bank processes will show up in QuickBooks for you to categorize into the proper Income, Expense, or Balance Sheet account. What happens when a transaction in your Bank Feed has already been recorded directly through QuickBooks, like invoices you added to Accounts Receivable or a bill you wanted to show in Accounts Payable?
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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.
5 Minute Bookkeeping
DECEMBER 23, 2021
Are you new to virtual bookkeeping? Maybe you’re not even officially a new bookkeeper yet, but you’re seriously thinking about it. If you are starting your journey into the virtual bookkeeping field (or you’re considering it), in this article we’ll go over how to get started as a virtual bookkeeper in 7 steps. The benefits of virtual bookkeeping abound.
IPS
DECEMBER 7, 2021
If it feels like you never have enough time in the day, you are not alone. AP professionals spend 84 percent of their workday bogged down with manual, repetitive tasks.
Azure FinOps
DECEMBER 8, 2021
The movement of data from one place to another is one of the oldest and often, most difficult information technology activities. Add a transformation element, the classic ETL task, and things can become complex. On Azure, there are primarily two, platform native ways to perform data movement. One method is to use Azure Data Factory , a purpose-built service designed to address the need for a reliable, relatively simple ETL service and Azure Synapse Analytics which offers a pipeline component as
Dext
DECEMBER 1, 2021
About Counting Clouds When the self-described Boss Lady of Counting Clouds, Line Paras, talks about her bookkeeping business, she exudes all the passion that you’d expect to hear from a creator describing their work.
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.
Oversight
NOVEMBER 30, 2021
One of the most effective and intimidating advancements in finance is the adoption of artificial intelligence (AI) to transform the industry with streamlined processes. As technology continues to advance, there seems to be a growing fear that AI will replace humans in every conceivable professional field.
AvidXchange
DECEMBER 17, 2021
Why should you as a finance pro for a community association management (CAM) company start using accounts payable (AP) automation for homeowner association (HOA) management? We’re going to answer that question – but in a different way. We’re not going to give you an extensive list of 15-to-20 generic reasons. Instead, we’ll share four carefully selected and actionable reasons most relevant to you now.
Billah and Associates
NOVEMBER 25, 2021
Indeed, tax season is an overwhelming time for both the taxpayers and bookkeepers who help in planning for the season. Everybody realizes that when the clock strikes close to January, then, at that point, taxation services in Etobicoke , are toward the back of each entrepreneur and salaryman’s mind. The staggering amount of desk work, severe cutoff times, a colossal number of rules and dread of not knowing the amount you owe is getting heavy on taxpayers all day long.
Stephanie Peterson
NOVEMBER 14, 2021
You Have Transactions Not Categorized If your books contain uncategorized transactions, your financial reports will not be accurate. Often, you will find these transactions labeled as Uncategorized Income and Uncategorized Expenses in QuickBooks. Any transactions that are not classified must be done before your taxes are filed to ensure accuracy. Your Accounts Aren't Reconciled It is crucial to make sure accounts are reconciled before filing your taxes.
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!
SLC Bookkeeping
NOVEMBER 4, 2021
The majority of business owners are trying to grow, right? And they will give all sorts of reasons for why they aren't achieving their growth goals. The most common excuses I hear for coming up short on business goals are the lack of time and money. But is lack of time and money really holding you back? Or is it the ability to develop a strategy, and the confidence to execute that strategy?
CloudZero
MAY 4, 2021
AWS provides a number of useful services for managing and deploying containers, three among them being Amazon Elastic Compute (ECS), Elastic Kubernetes Service (EKS), and Fargate.
SMB Accounting and Consulting
AUGUST 30, 2021
When applying for government contracts, it’s important to understand the types of contract options that are available to you. Each type of contract carries its own risks and opportunities and can help you make decisions when compiling your proposal. Project managers should work closely with their team to manage resources, track the project’s performance to budget, and communicate with the accounting department to review billing rates to make sure the contract remains profitable.
5 Minute Bookkeeping
DECEMBER 2, 2021
Is not knowing how to charge for bookkeeping services holding you back? I know that for many virtual bookkeepers, the problem isn’t the technical know-how, the problem is being able to confidently price their services. In this blog post, I’ll share the knowledge I’ve gathered over the years on how to charge for bookkeeping services. By far, the most frequently asked question in my Facebook community is how much should I charge for bookkeeping services?
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Developing a consistent month-end close doesn’t need to be a mystery. We’re sharing our top 10 secrets (plus one bonus!) for streamlining your close.
IPS
SEPTEMBER 23, 2021
The shift to remote working has accelerated the digital transformation efforts of AP departments. Seventy-seven percent of AP departments now have at least some technology for processing invoices.
Bookkeeping Side Hustle
OCTOBER 29, 2021
Resource Rundown with OnPay Create your free Accountant Partner Account with OnPay* I encourage you to think of these two trainings in tandem. The first one will tell you how to take on that first payroll project for one of your clients (no matter what software the client uses). The second session will be a deep dive into OnPay as a Full Service Payroll Provider who can be your right hand as you serve your clients and their employees.
Dext
NOVEMBER 24, 2021
AMLB found Dext in 2019 and since then has deployed out to a wide variety of clients to support their accounting and bookkeeping work. With Dext, AMLB is able to create an optimized workflow and centralized experience for all of their clients. Download the case study to find out more.
Oversight
NOVEMBER 11, 2021
If you’re lucky enough to be in charge of an organization’s finances, you’ve had your share of headaches. Perhaps none have been as pervasive as the last few years, however. Pandemic notwithstanding, the role of the Chief Financial Officer has changed. This week’s Fortune declared that CFO’s “ can’t hide from tech.” We agree.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Whether you’re on a 1-day close or a 10-day close, there are some fundamental commonalities that all strong accounting departments share when it comes to the month-end close. Please join us for an informative webinar where we share best practices that your team can implement today to ace your close! 1 CPE credit will be provided for qualifying participants.
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