Cloud Accounting Podcast

NOVEMBER 4, 2018

Results of the 2018 Intuit Average Billing Rate Survey — Long for Success — Notable results include the finding that hourly billing has decreased 35% and value pricing has increased 56% since 2016. Are you getting paid what you are worth?

General Ledger 40

General Ledger Billing Budgeting Auditing 40

Cloud Accounting Podcast

AUGUST 1, 2019

Five Ways to Avoid a Ransomware Attack ( [link] ) 17:27 – Rachel sheds light on some of Sage's cloud and desktop hosting elements 22:30 – How "Six Ways How Cloud Computing Improves Accounting Practices" confuses the issue of cloud v.

QuickBooks 40

QuickBooks Auditing Computation XERO 40

Counto

MAY 3, 2024

Regulatory Approval: ACRA must approve the change if it extends the fiscal year beyond 18 months or if it’s within five years of the last change made post-August 31, 2018. Operational Efficiency: Consider how the change will impact your operational cycle, including budgeting, tax planning, and external audits.

Financial Reporting 52

Financial Reporting AR Accruals Tax 52

AvidXchange

OCTOBER 12, 2018

With modern CMMS, your team will often have visibility to these records for compliance, audits, and reporting for data-driven decisions. According to BOMA’s 2018 Commercial Real Estate Technology Trends , only 36 percent of businesses are highly effective in integrating available data into systems and processes to support business decisions.

Budgeting 40

Budgeting AP Accounts Payable Accounts Payable 40

CapActix

OCTOBER 10, 2023

This advanced software offers a comprehensive range of features, including payroll management, report generation, expense tracking, and even tools for auditing and tax preparation support. Investing in the best accounting software for CPAs and accounting firms designed to facilitate the operations of accounting business is a prudent decision.

Accounting Software 52

Accounting Software Accounting Accounting Data Entry 52

AvidXchange

MAY 22, 2018

In fact, according to the PayStream 2018 Payables Insight Report, manual data entry is one of the top challenges for accounts payable systems—by 48% of surveyed respondents. Lost and scattered invoices make it nearly impossible to manage the general ledger and auditing function effectively.

Accounts Payable 52

Accounts Payable Accounts Payable AP Invoicing 52

AvidXchange

FEBRUARY 27, 2019

In fact, according to the 2018 Payments Fraud and Control Survey by the Association for Financial Professionals (AFP), 78% of all organizations surveyed were hit by payments fraud in 2017. Fewer Errors There’s nothing worse than conducting an accounts payable audit and discovering errors. of their organization’s annual revenue.

Accounts Payable 52

Accounts Payable Accounts Payable AP Accounting 52

Billah and Associates

DECEMBER 26, 2021

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. The financial industry is evolving.

Financial Statements 52

Financial Statements Bookkeeping Accounting Accounting 52

Future Firm

AUGUST 2, 2023

Financial Consulting Associates Accounting Auditing Venture Professional Tax Consultants Etc. Lengthy names can be challenging to remember, pronounce, and fit into branding materials. Picture yourself as a customer and tell me if you’ll find these names appealing and interesting.

Accounting 52

Accounting Accounting Auditing Financial Services 52

AvidXchange

APRIL 10, 2019

Travel Expense Management: Trends and Predictions According to the American Express Global Business Travel Forecast 2018 , some regions of the United States, such as the Chicago and Charlotte metro areas, experienced upwards of five percent higher total business travel costs in 2018 compared to the year prior.

Purchase Order 40

Purchase Order Expense Reports Accounts Payable Accounts Payable 40

Nanonets

AUGUST 21, 2023

A 2018 report revealed that businesses in North America spend $187 billion annually on Accounts Payable (AP) processing, and labor accounts for over 90% of these costs. Enhanced compliance Creating audit trails and maintaining detailed payment records can be challenging with manual processes.

Invoice Processing 52

Invoice Processing Reconciling Invoicing Data Entry 52

Nanonets

APRIL 17, 2023

AP automation also reduces the risk of fraud and errors, leading to smoother audits and accurate financial records. This allows for easier monitoring and reporting, which can help with compliance, auditing, budgeting and forecasting. Looking to automate your manual AP Processes? This can be used for tracking and reporting purposes.

AP 52

AP Accounts Payable Accounts Payable Purchase Order 52

Invoicera

APRIL 10, 2024

Moreover, proper invoicing practices are highly crucial during tax audits. Discrepancies can trigger further scrutiny, penalties, or audits, which will only cost your business dearly. It’s a high necessity for financial auditing, legal verification, and historical analysis. That includes paper, electronic, or both versions.

Invoicing 52

Invoicing Tax Record Keeping Invoice Processing 52

AvidXchange

JUNE 20, 2018

The 2018 Payables Insight Report says the issue is with invoicing—long approval cycles (47 percent), missing information (42 percent), lost invoice files (35 percent), manual routing (29 percent), and decentralized invoice receipt (25 percent). Storing all printed payment data in file cabinets only hinders auditing and vendor inquiries.

AP 52

AP Accounts Payable Accounts Payable Invoicing 52

Cloud Accounting Podcast

JULY 7, 2020

I've got follow up on Wirecard, the Ernst & Young audit that apparently did not detect $2 billion in money that was missing. David Leary: [00:04:18] I've got some Wirecard, as well. Blake Oliver: [00:04:19] IRS news, appropriate for Tax Day coming up. Blake Oliver: [00:22:22] That's actually been one of the big problems with audits.

Tax 40

Tax Auditing Deposits Accounting 40

Billing Platform

OCTOBER 16, 2023

Companies found to be in noncompliance can face severe penalties, including fines, legal costs, increased audit requirements, being banned from accepting certain payment cards, poor brand reputation, diminished public image, and customer loss.

Billing 52

Billing Collections Auditing Financial Statements 52

IMA's Count Me

FEBRUARY 26, 2020

So I did this six month film fellowship program and out of that was the birth of my documentary, called All The Queen's Sources and All The Queen's Sources streamed on Netflix for a year from 27, 2018 to 2019. In 2018, Pope became a TED speaker with her impactful and timely TED Talk entitled ‘How whistle-blowers shape history.’

CPA 40

CPA Accounting Accounting Auditing 40

AvidXchange

SEPTEMBER 11, 2018

Even though soft costs are more difficult to determine, the CFO still wants to know costs associated with the time it takes to research a vendor question, approve a bill, or pull invoices for audits. At the end of the day, your CFO wants concrete numbers.

AP 40

AP Accounts Payable Accounts Payable Invoicing 40

AvidXchange

JULY 21, 2021

And don’t forget to include costs for audit fees, lost supplier discounts, mailing and printing, payment mistakes and equipment. The report also discovered 73 percent use an automated AP software system, up from 66 percent in 2019 and 45 percent in 2018. Be sure to view the results through the proper lens.

Accounts Payable 52

Accounts Payable Accounts Payable AP Invoicing 52

Future Firm

MARCH 14, 2023

My firm Xen Accounting was acquired by a large European corporate services firm in 2018: This process taught me a lot about firm valuations, and I want to share some of what I’ve learned in today’s article. They may also act as a broker, help you attract buyers, and also help play a role in your firm’s valuation.

CPA 52

CPA Accounts Receivable Accounts Receivable Account Receivables 52

Nanonets

MAY 31, 2023

 Record-keeping is also essential for reference, auditing, and budgeting purposes. A 2018 survey of over 280 companies found that managers spend at least 8 hours a week on average in manual data tasks and 25 percent of all workers spend 20 hours a week on mundane data management tasks.

Purchase Order 52

Purchase Order Record Keeping Budgeting AP 52

AvidXchange

FEBRUARY 20, 2018

Safety and Security are #1 Priorities The IRS is proactively protecting businesses during tax season by encouraging implementation of updated 2018 procedures including data security measures and fraud prevention. To make auditing and reporting simple, automation stores electronic payments and invoices for businesses.

Tax 40

Tax Invoicing Accruals Computation 40

AvidXchange

MAY 15, 2018

The AP staff has information needed for audits, tax season, and month-end closing, in one cloud-based SaaS. According to the 2018 Payables Report, 56 percent of surveyed businesses say that their AP management system includes electronic payments, which are proven to get to vendors often safely and quickly.

Accounts Payable 40

Accounts Payable Accounts Payable AP Accounting 40

Billing Platform

MARCH 22, 2024

In fact, OpenView’s State of Usage-Based Pricing Report determined that in 2023 approximately 61% of SaaS companies adopted usage-based pricing, up from 27% in 2018. Secure architecture, global compliance, role-based permissions, and audit history. While not new, its versatility makes this pricing model one that is adopted rapidly.

Billing 52

Billing Collections Invoicing Auditing 52

IMA's Count Me

JUNE 10, 2019

And so the big four firms have actually partnered up to form a consortium model or a joint platform basically to help them audit information out of banks. But from an enterprise point of view, again, for me, the accounting and an audit point of view that's really not as helpful as a private blockchain.

Computation 40

Computation CPA Auditing Accounting 40

IMA's Count Me

MARCH 15, 2020

Clearly there is the need for continued dialogue- if the board does not recognized the value, nor its audit committee, then investors can continue to debate the divestment saga or not but we will see little value in corporate reporting initiatives. This is something I would like to make clear to the audience at the IMA.

Financial Reporting 40

Financial Reporting Auditing Collections Corporate Finance 40

IMA's Count Me

OCTOBER 12, 2020

In fact, in 2018, Accenture conducted a study, which is called From the Bottom Line to the Frontline, and they found that about 80% of CFOs said that control compliance and reporting is largely going to be digitized because they want to free up those resources to be able to business partner. Auditing is like shooting the wounded.

Auditing 40

Auditing Management Accounting Accounting Accounting 40

IMA's Count Me

SEPTEMBER 4, 2019

Because a audit is, is great, right? I would, I would challenge you to find a CFO or a board who would argue that their audit team adds actual value going forward. I would, I would challenge you to find a CFO or a board who would argue that their audit team adds actual value going forward.

Accounting 40

Accounting Accounting Corporate Finance CPA 40

IMA's Count Me

JANUARY 22, 2020

So I am a CPA and I practiced in public accounting for 14 years in the audit space. And, and the work in audit is, well, it's just given me a lot of exposure to business things. In 2017, 2018 and 2019, she was recognized by AICPA and CPA Practice Advisor as one of the Most Powerful Women in Accounting. Sarah : (00:38) Of course.

Accounting 40

Accounting Accounting CPA Auditing 40

Nanonets

FEBRUARY 26, 2024

💡 According to a  2018 Goldman Sachs report , North American B2B businesses spend around $187 billion annually on AP processing, with labor alone accounting for over 90% of direct costs. Lost Productivity:  The average invoice processing time in a manual environment can reach as high as 45 days.

Accounts Payable 52

Accounts Payable Accounts Payable AP Data Entry 52

IMA's Count Me

OCTOBER 16, 2019

And here I am today since July 1st of 2018 being an IMA's director of diversity and inclusion. Linda has held senior management positions in industry that involve tasks related to financial reporting, internal and external auditing functions at a Fortune 500 company, Time Warner and a Big Four accounting firm, Ernst Young.

CPA 40

CPA Accounting Accounting Financial Reporting 40

IMA's Count Me

DECEMBER 4, 2022

So I know that when this was first enacted or talked about in 2018, it affected all of the public companies. Or "No, this is not a lease." And for an organization, this can be a helpful audit tool to show their auditors, "Hey, we went through all of our arrangements." We've been talking about this since what? What do you think?

Accounting 40

Accounting Accounting Financial Statements CPA 40

IMA's Count Me

JULY 29, 2019

And then right after that is that data analytics of proactive data monitoring program is actually the number two way with surprise audits actually. Mitch : (06:59) So can you walk us through a little bit of your, you know, normal investigative work. What are some of the costs of doing a program internally for an organization?

CPA 40

CPA QuickBooks General Ledger Financial Statements 40

IMA's Count Me

NOVEMBER 1, 2020

Brad is the President of DHG Search, where he provides advisory and recruiting services for candidates in finance, accounting, audit and tax. My cohost Mitch talked to Brad about the changing job market and the new norms and job seeking, interviewing and hiring. That looks way different.

Accounting 40

Accounting Accounting CPA Auditing 40

IMA's Count Me

DECEMBER 18, 2019

So often it's not, there are reviews done by internal audit and it's also not subject to external verification either. But that data needs to be a analyze with that professional eye, the rigor, the professional experiencing auditing and controls and bringing vigor and rigorous oversight to the data itself.

CPA 40

CPA Auditing Accounting Accounting 40

Cloud Accounting Podcast

AUGUST 11, 2020

It was only five percent of their total revenue in Q1 of 2018; now it's 45 percent. They instead bill by the week, apparently; that's what I learned in this ProPublica article. David Leary: [00:48:03] Yeah, basically they're like the Big Four, but they don't do audit, and that's why they're not an accounting firm.

QuickBooks 40

QuickBooks Microsoft Excel Billing Payroll 40

Cloud Accounting Podcast

MARCH 30, 2020

If you're getting audited, like, "Hey, we're gonna stop right now and not do anything." Blake Oliver: [00:30:57] Yeah, the way this individual [crosstalk] based on your tax return from 2019, and if you didn't file for 2019, it's based on 2018. David Leary: [00:31:04] My brain was thinking 2019 was two years ago.

Accounting 40

Accounting Accounting Payroll Billing 40