2019

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What makes a great accounts payable team leader

AP Association

The team leader is at the heart of the AP department and if they are not great at all aspects of their job, they have little chance of successfully leading a cohesive AP team. Whatever the size of the business, accounts payable is always going to be an integral part of it, and without a capable person at the helm to lead the team, accounts payable overall as a department is not going to flourish in the way it could.

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Will Your Business Disrupt—Or Be Disrupted?

Sage Intacct

“Digital transformation” may sound like a buzzword, but the drivers behind it are very real. In an era where technology is reshaping businesses and industries, companies that harness technology can reap big advantages over those that don’t. Businesses must first determine how to adapt their businesses for the digital age and then put technology to work to bring these changes to life.

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How Automation is Changing Financial Services – SAP Business Entity Recognition

SAP Accounts Payable

By Ivona Crnoja and Nik Sacher. New artificial intelligence technologies are in the process of fundamentally transforming the financial services market. Over the past years especially the financial sector has recognised the economic benefits of artificial intelligence – gaining new insights from existing data to optimise credit decisions and improve financial risk management, automating business processes that previously only worked with manual human intervention and improving the customer

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Tax Advisor vs Accountant

Billah and Associates

An accountant and a tax advisor both serve specific financial requirements and they are certainly not the same. You need to choose one of them based on your financial requirements. Each of them has different roles to play to ensure efficient personal and corporate financial management. Tax Advisor vs Accountant – Understand the Differences In order to make the selection, you must know the primary difference between a tax advisor and an accountant and their work.

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8 Signs Your Accounting Team Is Ready to Automate Month-End Close

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

How do you know if your accounting team is ready to automate the month-end close? Join us in this informative webinar, where we share the top 8 signs that indicate that a team has outgrown all existing tools and may be ready to embark upon month-end close automation. We will examine the process clues that help determine whether your team would be a good candidate for automation.

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Receipt Bank Exchange Australia is back for 2020

Dext

Receipt Bank Exchange Australia is back! Last year, we took a select group of accountants and bookkeepers on an exclusive three-day retreat. In between tours of the Daintree rainforest and sunset cruises, we were treated to talks by co-founder Alexis Prenn and keynotes by world surfing champion Layne Beachley.

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Aug 24, Plooto Workflow | QBO Integration

Bookkeeping Essentials

Automate sending and receiving payments online with a Plooto workflow. Seamlessly integrates with QBO. Dual stage authorization. $25 per month monthly fees introduced effective August 31, 2019.

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Making the Case for Better B2B ePayment Processing

AvidXchange

New fintech trends are constantly emerging. This can make it difficult to determine which ones are necessary and which are simply “nice to have.” But as businesses begin to scale for growth and eliminate paper, automated bill payment software and e-payments are proving to be essential for a simple, swift and secure payment pipeline. Why Businesses are Hesitant to Implement E-Payments Businesses are hesitant to automate for a handful of reasons.

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Webinar: Building AWS Cost Metrics into Your Monitoring Strategy

CloudZero

Thanks to infinitely scalable infrastructure, containers, and Serverless computing, companies can now build in record time with fewer resources. However, with this on-demand purchasing power often comes runaway spending, with bills coming at the end of the month with unpredicted and hidden costs. While engineers aren’t setting out to build expensive applications, they lack the data they need to make decisions based on cost.

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Ep. 38: Steve McNally - Business Transformations

IMA's Count Me

Steve's Articles: [link] [link] FULL EPISODE TRANSCRIPT Adam : (00:00) Hey everyone, this is Count Me In, IMA's podcast about all things affecting the accounting and finance world. I'm your host, Adam Larson and I'd like to welcome you back to another episode filled with valuable insight from an industry leader. Steve McNally is a CFO, board director and thought leader who joined Mitch to talk about business transformations.

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Should you buy Bill.com stock?

Cloud Accounting Podcast

Sponsors OnPay: [link] OnPay is offering an exclusive promo code only for the listeners of The Cloud Accounting Podcast to get three free months of OnPay payroll service for any of your clients that you set up by February of 2020! Visit the sponsor link, and use code "CAP3FREE" to take advantage of this offer! Show Notes 01:59 – What’s in a name? Ask Richard Kopelman , CEO of Aprio | Aprio 04:07 – The U.S. can’t seem to tear itself away from using paper checks, but Australia can!

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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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6 Tips for Accounts Payable Interview Success

AP Association

If you’ve recently lost your job , or are looking for a new role, and you have finally been able to get an interview at a great company, in the accounts payable department, and now it is time to prepare yourself. Preparation really is the key to success, especially when it comes to interviews. If you have some pre-thought out answers up your sleeve, you won’t feel put on-the-spot when a difficult question comes up.

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3 Experts Advise on How to Integrate Salesforce CPQ with Cloud Financials

Sage Intacct

As firms purchase Salesforce CPQ to bring efficiency and controls to their quoting process, they look for ways to streamline entering order information into their financial system. Particularly with land-and-expand subscription business models, they need to track upsells and renewals against the performance obligations from the original sale, in order to track and increase CLTV.

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DME-ACH IAT format

SAP Accounts Payable

Payment files are generated using Automatic Payment Programs. These files are then encrypted and transferred to the bank. ESB picks up these payment files from SAP folder and shares the same with the bank through MIM job. Bank reads the payment files only in format specified by the bank itself. DME stands for “Data Medium Exchange.” To use DME, payment medium workbench is used.

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Hire the Right Bookkeeper for Your Startup Company

Billah and Associates

What is the right time to hire a bookkeeping service provider? Preferably, you need some experienced personnel to handle your financial day-to-day tasks immediately after you start your new business. Having a professional bookkeeper can ideally help you concentrate on running and developing your startup and focus more on what you are best at. Yes surely, bookkeeping can be managed without the need of having an external team of bookkeepers.

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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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What’s New In Receipt Bank: May 2019

Dext

Ready for what’s new in Receipt Bank? This month, we brought the full power of Match and Missing Paperwork for Sage users, released Bank Accounts and made the look and feel of line items just that little bit better.

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Apr 26, Chrome Browser Features | QBO Workflow

Bookkeeping Essentials

Tips on how to optimize Chrome browser features for cloud accounting software like QBO (QuickBooks Online) and other cloud accounting related software. You need to know this stuff if you are using QBO!

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Updates in Price Transparency Include Hardwired Care Coordination

MediRevv

CMS Administrator Seema Verma recently announced the proposed calendar year 2020 Physician Fee Schedule. This plan has overhauled the way physicians are paid to help address the growing number of patients who have multiple chronic diseases.

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The Future of the CFO

AvidXchange

The role of the CFO is continuously evolving. While leading financial planning and risk management for their organizations remains paramount, today’s CFOs are also taking on a more strategic role in keeping the business ahead of its competition. Not everyone is prepared for this shift. A study conducted by Forbes and KPMG found that a third of CEOs believe their CFO lacks the right skills to support strategic planning.

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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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AWS Savings Plans Shake up Cloud Cost Optimization Industry

CloudZero

Last week, Amazon announced the end of the reserved instance, commonly known as the “RI”, with the announcement of their new replacement, “ AWS Savings Plans ”. Amazon has been dropping hints for a while that they were heading in this direction, in particular their September announcement stating that all instance type limits would now be based on vCPUs, a move which laid the groundwork behind the scenes for savings plans and most likely a whole lot more that we have yet to see.

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BONUS | Dennis Whitney - CMA Exam and Certification

IMA's Count Me

IMA: [link] CMA: [link] Exam Changes: [link] FULL EPISODE TRANSCRIPT Mitch : (00:05) Welcome back for another bonus episode here on Count Me In, IMA's podcast about all things affecting the accounting and finance world. A major consideration for accounting and finance professionals today is certification and continuing education related to their jobs and responsibilities.

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CPA licensure evolves at an evolutionary pace

Cloud Accounting Podcast

Sponsors OnPay: [link] OnPay is offering an exclusive promo code only for the listeners of The Cloud Accounting Podcast to get three free months of OnPay payroll service for any of your clients that you set up by February of 2020! Visit the sponsor link, and use code "CAP3FREE" to take advantage of this offer! Show Notes 01:57 – The gentlemen discuss a big reveal at the Digital CPA Conference – a proposed revamping of the CPA licensure model and what it could mean!

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Interview Guidance for Accounts Payable Professionals

AP Association

In this career article we provide clear guidance on all aspects of an interview, covering preparation for, travelling to, what to do during and what to do after the interview… Finding jobs to apply for Finding any “old” job to apply for is not too difficult but finding the perfect job, well, that can be a lot more challenging! There are many ways to find AP related jobs; these include recruitment agencies, newspapers and magazines, social media and the best way of all through the APA jobs li

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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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Ready, Set, Grow: Future-Proof Your Business with Cloud-Based Financials

Sage Intacct

Technological change is accelerating at a frenetic pace—and with dramatic impact. It’s reshaping customer expectations, employee requirements and attitudes, and disrupting business practices, models and entire industries.

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5 Easy Steps to Add New Line Item Fields to FBL1N

SAP Accounts Payable

Introduction: A common request from users of FBL1N (Vendor Line Items) is to include additional columns of data in the “Column Set” that can be selected when creating or maintaining a line layout variant. These requests come when neither the base list nor the special fields list have the data needed; i.e., user needs data from another table.

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Advantages of Using Bookkeeping Service for Your Business

Billah and Associates

Should you Hire a Bookkeeper or Accountant? Owning a huge enterprise and running it smoothly are two completely different concepts. Even if you are lucky enough to have a huge amount of capital and plenty of loyal customers, you would not be able to take it forward without efficient bookkeeping skills. 5 Top Advantages of Using Bookkeeping Service for Business Bookkeeping is an inseparable part of a business and every entrepreneur should be aware of it.

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That’s A Wrap! 6 Highlights of Receipt Bank Exchange Australia 2019

Dext

This year, Receipt Bank did a company-first. We took a select group of Australian partners away from their desks for an immersive learning experience, to share best practices to help them continue to build their firms. The experience took place at the Sheraton Grand Mirage Resort in Port Douglas for three days.

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Quick Start Guide to a Crystal Clear Close

Did you know automating your month-end close can save up to 40% of the time typically spent on manual reconciliations? CFOs and controllers are leveraging SkyStem's workflow management and reconciliation tool to eliminate costly mistakes, ditch manual reconciliations and close faster. Want to know how they do it? Download our Quick Start Guide to a Crystal Clear Close!

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Mar 7, Place of Supply Rules For GST & HST

Bookkeeping Essentials

Effective May 1, 2010, the place of supply rules for IPP and services changes. They are now based on customer location. New QST rules for non-residents went into effect in 2019. Learn about online sales, out-of-province sales, non-resident sales.

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[Slide Share]: There's no GPS to help your patients on their financial journey through healthcare

MediRevv

Imagine if your patients were armed with all the tools and resources they needed to make informed decisions on their healthcare choices and billing options. The focus on surprise medical bills and patient loyalty has been in the news recently, along with how high-deductible health policies are linked to delayed diagnosis and treatment.

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5 Tech Developments Delivering Big Business Benefits for Real Estate Companies

AvidXchange

Property management firms have been handed a golden opportunity: the demand for rental property is on the rise and it isn’t expected to slow. According to a report from Harvard University, 60 percent of residents in major U.S. cities now rent their homes. Investors are responding by turning real estate investments into rental properties, leading to an increased need for property management services.

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Cloud Computing Optimization: 3 Strategies for High Growth Companies

CloudZero

Cloud computing optimization is a growing priority, as engineering becomes more accountable for justifying growing AWS spend. Companies that are rapidly growing can be particularly vulnerable to large fluctuations in cloud spending, which often seem to strike without rhyme or reason. Getting a handle on cloud cost is a critical first step toward cloud computing optimization, and can result in more efficient and effective systems across the board.

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Book of Secrets for the Month-End Close

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.