The Savvy Bookkeeping Blog
DECEMBER 4, 2020
Most of us have had to do it at one stage or other – writing off an invoice issued to a customer because we are just never going to get payment. Writing off bad debts is relatively straight-forward in Cliniko.
Ascend Software blog
MAY 12, 2020
When it comes to software, it often takes multiple products to form an efficient end-to-end solution. That's one of the main reasons why software solution companies form partnerships, as they allow you to deliver a more complete solution to solve their customers' problems.
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AP Association
FEBRUARY 3, 2020
The Accounts Payable Association is delighted to announce its merger with The Payroll Centre, the UK’s largest payroll membership and learning organisation. This announcement means the APA will be receiving the required support to follow our plans for expansion; alongside a similar organisation with the capacity to help improve how we serve each other’s communities.
Sage Intacct
OCTOBER 22, 2020
Managing your subscription business with SaaS Metrics. The most important SaaS Metrics and what you need to show investors to secure your next round of funding.
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.
CloudZero
NOVEMBER 10, 2020
It’s no secret that a handful of big name tech companies have influenced best practices that engineering teams follow today. Many of them share their behind-the-scenes stories at conferences , in blogs , and slide decks — or open source code.
SMB Accounting and Consulting
DECEMBER 16, 2020
Many small business federal contractors begin with research and development (R&D) contracts or grants as part of the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. These programs are offered by the government to encourage innovation with the potential for commercialization. These programs often result in technology or products that begin with government use and then become commercial items.
Financial Ops World brings together the best financial operations content from the widest variety of thought leaders.
AvidXchange
DECEMBER 21, 2020
We live in a sophisticated digital age where finance professionals have access to financial data we could only dream about 10 years ago. But surprisingly enough, there’s not much faith behind those numbers. In Trintech’s recent survey of global financial leaders, 40 percent said they don’t trust the accuracy of their financial data. In another report, Workday’s CFO Indicator Survey 2020 , 63 percent of CFOs reported frequent conflicting data between their finance and operations teams.
Oversight
DECEMBER 16, 2020
Today, Oversight announces the premiere of its podcast series, “Spend Risk Examined,” which will provide insights, best practices and lessons learned for finance leaders looking to disarm risk and elevate finance across an enterprise. The first episode of Season 1, Finance Re-Transformation, is available and ready for listening at info.oversight.com/podcast.
Billah and Associates
DECEMBER 14, 2020
Tax preparation can be a challenging task. There are so many things involved. If you have the right idea about personal tax preparation, you can fill it with some hassle. However, filing corporate tax is tricky. For that, taxation services are of great help in minimizing the complications. Tax preparation Mississauga is helpful because of various factors.
Bookkeepers.com
OCTOBER 28, 2020
Analytical and numbers-based games are great ways for bookkeepers to practice skill-building while cutting loose and having fun with friends or family. Below, I’ll go over some of the best games I’ve encountered recently that tap into the parts of the brain bookkeepers and number-crunchers use every day. RELATED: 8 Fun Activities that Also Build … 9 Skill Building Games for Bookkeepers and Number-Crunchers Read More » The post 9 Skill Building Games for Bookkeepers and Num
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.
FreshBooks
OCTOBER 14, 2020
Congratulations! You’ve made the decision to get a handle on your accounting. That means you’re past the hard part. The easy part now is seeing how big a difference the right platform can make. And while we know that trying out something new can feel like a big commitment, it doesn’t have to. That’s why […] The post Make the Most of Your Free 30-Day FreshBooks Trial As a Contractor appeared first on FreshBooks Blog - Resources & Advice for Small Business Owners.
SAP Accounts Payable
JULY 24, 2020
Hello and welcome to my blog post on Alternative Payee Update In Invoice Document. I will be highlighting the prerequisites and process flow of this functionality in this blog. Introduction:- Updating Alternative Payee in Invoice Document –> Check to be printed with ‘Third Party’ vendor using Transaction Code F110 or F-58. It is a normal business process where suppliers do reach out to their clients at 11 th hour to allow payments to ‘Third Party’ for their outstanding invoices.
AP Association
JANUARY 27, 2020
I set up HAPPY AP as a result of being made redundant from a large corporate company. Over the last 30 years I have worked primarily in AP, along with Provisioning , Vendor Management , Fixed Asset Management , Mentoring and Training. Background Most of the companies I have worked for have been those large ones – where there is a department for this and a department for that.
Sage Intacct
SEPTEMBER 29, 2020
Cash management is critical in this downturn. Investors want a 12 to 18-month runway before you raise again. How can you leverage automation and prevent a cash crunch?
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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.
CloudZero
JULY 14, 2020
Think of orgs with lots of data and it’s impossible to not think of Netflix. In a new Netflix Technology Blog , their Platform Data Science & Engineering team describe their data infrastructure "which is composed of dozens of data platforms, hundreds of data producers and consumers, and petabytes of data.” At this scale, cost-effectiveness is a critical matter of success and failure.
SMB Accounting and Consulting
DECEMBER 2, 2020
Many small business government contractors are exempt from complying with cost accounting standards (CAS) and defined by the code of federal regulations (CFR). However, compliance with generally accepted accounting principles (GAAP) is required. What exactly is GAAP? GAAP are a set of accounting principles established by the Financial Accounting Standards Board (FASB) to provide clarity, consistency, and comparability of financial reporting and information.
accountingfly
DECEMBER 22, 2020
How do you manage a remote team? Is it different than my office-based team? YES. On January 25, 2021, Accountingfly Co-Founder Jeff Phillips, walks you through how to optimize your remote accounting team, including how to motivate and manage remote staff, how to organize and communicate with your team, and how to increase productivity. Learning Objective: Determine to get ahead with a remote accounting team Identify ways to manage and motivate your staff while working remotely Recognize how
AvidXchange
DECEMBER 14, 2020
Erin Jaskiewicz, the accounts payable (AP) manager with Campus Apartments , was aware of the problems in her department that were preventing her company from achieving its growth goals. Luckily, AvidXchange’s AvidPay AP software helped set the company on a more efficient path to success. She and her teammates were routinely deluged with 800 paper checks to be processed each week for 250 vendors.
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
DECEMBER 7, 2020
Organizations continue to experience notable shifts in employee spending behaviors and trends during the current COVID-19 pandemic and almost universal transition to working from home. In our recent November Spend Insights Report, we shared some eye-opening findings uncovered during the third quarter of 2020.
Billah and Associates
OCTOBER 13, 2020
Due to the pandemic, the government has extended the deadline for filing income tax deadline. However, if you are still stressed about it and can’t keep up with the schedule, you are not alone. Whether you are filing for individual or corporate tax , everyone procrastinates when it comes to taxes. There are multiple reasons to file your taxes early every year.
Bookkeepers.com
OCTOBER 27, 2020
Employees who think they need to work 24/7 to achieve good results at work are wrong! Without taking adequate break time from work, productivity, well-being, and general performance are all likely to suffer. Here’s the science behind the connection. RELATED: How To Make Money While You Sleep In this article: Taking A Break Is Likely … The Science of Break Time During the Workday Read More » The post The Science of Break Time During the Workday appeared first on Bookkeepers.com.
FreshBooks
SEPTEMBER 16, 2020
Customer support should be up there with the ability to send an invoice, according to Colin Hutzan, manager of support at FreshBooks. But then, he would say that. He’s obsessed with providing stellar customer support. It’s kind of a defining characteristic of all FreshBooks employees, actually. Everyone spends their first month working in customer support […] The post Shopping for a New Accounting Solution?
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!
CAAPS
JULY 6, 2020
Based on a Report from the ACCC False billing topped the list of reported frauds affecting business in 2019. False Billing is where a party sends your organisation an invoice requesting payment when none is due. This can be done by using an invoice from an existing supplier and changing the bank and contact details. Or it can involve sending an invoice from a ‘new’ supplier.
AP Association
JANUARY 21, 2020
Depending on your company, there can be separate departments involved in the Procure-to-Pay (P2P) process – each with a different focus. For example, the Procurement/Sourcing should have a separate policy since their focus may be items such as vendor risk management, identifying strategic partners, and reducing costs. Even AP itself at a higher level may be focused on invoice submission/approvals, adherence to the Purchase Order policy, processing payments, accurate general ledger coding, etc.
Sage Intacct
SEPTEMBER 22, 2020
Finance and accounting teams have had to quickly react, changing processes and procedures due to the pandemic. Nowhere has it felt more acute than during the month-end close.
CloudZero
MARCH 19, 2020
Andreessen Horowitz recently published a blog about the Heavy Cloud Costs and Scaling Challenges of The New Business of AI , in which they describe how AI companies are facing cloud cost challenges, which are impacting their margins. As someone who used to manage a fully home-grown on-site distributed speech recognition platform for an industry leader, I know firsthand that ML can be expensive and challenging to maintain.
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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!
1st Step Accounting
MAY 12, 2020
I’ve been seeing online the many requests for Cash App deposits to help keep small business afloat during this pandemic and I want to implore all you owners out there to just say NO. Cash App , a division of Square and is a great source to get quick funds from friends and family (along with Venmo , a division of PayPal ) but in the long term it is not a great tool for small businesses trying to build and grow their businesses.
Dext
JANUARY 6, 2020
If you do anything next year, do this. The days between Christmas and New Year are decidedly geared around reflection. It’s a period to look back on the year, perhaps even the decade, restore energy and prepare for the one ahead.
AvidXchange
DECEMBER 10, 2020
AvidXchange recently surveyed more than 500 U.S. business leaders ranging from middle management to C-level executives to learn about their challenges and priorities as they gear up for 2021. Unfortunately, we weren’t all that surprised to learn 52 percent of those surveyed have experienced invoice processing delays during the pandemic. That same percentage (52 percent) said the process of securing payment approvals while working remotely was the biggest reason for those delays.
Cloud Accounting Podcast
DECEMBER 30, 2020
Sponsors OnPay: [link] ClockShark: [link] Financial Cents: [link] Show Notes 4:05 - 2019 Predictions! Also, Isaac Asimov predicted the computer automation revolution, Mindbody to be sold, senators prod regulators on FinTech, and what’s new in QBO [link] 5:23 - Bookkeepers are embracing the role of trusted advisor [link] 7:07 - Elevate Messaging & Safety with Zoom Phone SMS, Reporting & E911 Enhancements [link] 8:13 - The best and worst 2020 predictions (and some of our own) [li
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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.
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