Wed.Apr 03, 2024

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Accounting class-actions rose last year

Accounting Today

Accounting-related class-action lawsuit filings and settlements both increased in 2023, according to a new report, even though the cases took longer to be filed.

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Simplifying the Monthly Close Process with These Simple Strategies

Accounting Department

The month-end is coming up and that means it is time to close. A monthly close can be a laborious process that is dreaded by some accounting and finance departments, but it doesn't have to be that hard!

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Only half of filers trust AI with taxes

Accounting Today

Companies using artificial intelligence have a long way to go before people will fully trust them to help with their taxes, according to a recent poll.

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Intuit UK Gender Pay Gap Report

Intuit

Intuit_UK_Gender_Pay_Gap_Report Download The post Intuit UK Gender Pay Gap Report appeared first on Intuit Blog.

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Forecasting Failures Are Costly: Here's How To Fix Them

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

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Grow your niche through podcasting

Accounting Today

Starting a podcast is an investment, but it also has a very high potential upside for accountants.

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The Transformative Impact of Automating Payments on Accounts Payable, Finance, and Treasury Teams

Ascend Software blog

In today's digital era, businesses are constantly seeking ways to boost their operational efficiency and streamline complex processes. One pivotal area that stands out for potential optimization is the Accounts Payable (AP) department. Traditionally bogged down by manual, paper-based tasks, the AP process can be a significant drain on resources and time.

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Migrating from Intuit to Intuit - the options

Insightful Accountant

Wondering what your options are about migrating from Desktop Pro and Premier to some other Intuit accounting solution? If so, then this article is for you.

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Top 10 Add-ons For ProSeries Tax Software

Ace Cloud Hosting

ProSeries Tax Software is among the most widely used tax software for individuals and accounting professionals. Per the 2023 tax software survey by the Journal of Accountancy and The Tax.

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Keeping Your Tax Practice Compliant

Insightful Accountant

Tax practice owners must prioritize compliance for their own firm, not just for clients. Neglecting internal compliance can lead to costly mistakes and damage the firm's financial health and reputation.

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Guide to Virtual Bookkeeping and Automation

Nanonets

Gone are the days of tedious manual data entry and stacks of paper ledgers. Businesses are now embracing the virtual to streamline their financial management processes. Enter virtual bookkeeping – a paradigm-shifting approach that harnesses the power of digital tools and automation to revolutionize traditional bookkeeping practices. Picture this: a team of expert bookkeepers diligently managing your financial records and transactions without setting foot in your office.

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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

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4 Types of Azure Billing Accounts & Tools for Cost Control

Economize

How Does Azure Billing Work? Microsoft Azure consists of numerous services and resources catering to diverse business requirements. From compute resources, and databases to analytic services, the Azure platform offers an extensive range of solutions to address your infrastructure needs.

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Modern Pricing Models Drive Higher Valuations for Accounting Firms

Cloud Accounting Podcast

Blake and David meet with M&A advisor Charles Bedard about valuations for accounting firms looking to sell. Bedard explains that subscription-based "modern" firms command much higher multiples than traditional hourly billing firms. Bedard provides specific valuation ranges based on revenue and EBITDA multiples and highlights the importance of recurring revenue.

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Enhancing Cash Flow: Effective Digital Payment Options for Businesses in Singapore

Counto

Enhancing Cash Flow: Effective Digital Payment Options for Businesses in Singapore It’s undeniable that the shift towards digital payments is accelerating, driven by Singapore’s Smart Nation initiative and the pursuit of greater efficiency. For SMEs and entrepreneurs , effectively collecting payments from customers is paramount for maintaining cash flow and sustaining growth.

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Top 10 Vendors That Help Build Business Credit in 2024

Nanonets

Establishing good business credit is one of the best things entrepreneurs and business leaders can do for their organizations. Often, business credit is the one thing standing in between small businesses or startups and more access to capital. With a strong business credit score, it’s easier to secure loans and obtain favorable payment terms with business credit vendors and suppliers.

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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.

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Foreign Company Registration Options in Singapore: A Concise Guide

Counto

Foreign Company Registration Options in Singapore: A Concise Guide Embark on your Singapore business journey confidently with insights into subsidiary companies, branch offices, and representative offices for foreign entity registration. Subsidiary Company Considered a locally incorporated private limited company. Allows full foreign ownership, offering flexibility in shareholding.

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Guide to Vendor Account Reconciliation Process

Nanonets

Guide to the Vendor Account Reconciliation Process Running a business involves collaboration with various vendors who provide different kinds of products and services. Vendor reconciliation , a crucial part of this process, involves scrutinizing purchase-related documents to ensure accuracy in all vendor transactions. In this article, we will discuss the importance of the vendor reconciliation process and the benefits of employing AI-enhanced tools such as Nanonets.

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Guide to Kubernetes Cost Monitoring

finout

Containerized applications support the microservices architecture of cloud-native technologies that many businesses now rely on. Not only do they offer scalability and flexibility but they also ensure that applications are packaged with all the resources they need to function, thus making them fully portable and able to run in any virtualized environment.

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7 Strategies to Reduce DSO and Enhance Cash Flow

Gaviti

When accounting departments want a quick evaluation of the health of a business, they often look at their DSO, or days sales outstanding. Traditionally, a low DSO indicates that your company has capital available and is in good financial standing. However, days sales outstanding are subject to a range of factors and targets should always be based on the wider context of the business and industry.

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How To Break Digital Transformation Barriers And Accelerate AI Adoption

Speaker: Anna Tiomina, MBA

AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?

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Elevating Your Accounting Firm: Expert Insights with Upstream Academy's Jeremy Clopton

Insightful Accountant

In this episode of Accounting Insiders, Gary DeHart and Jeremy Clopton from Upstream Academy discuss consulting for accounting firms, emphasizing leadership and vision strategy.

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5 Naive Mistakes I Made As A Firm Owner

Future Firm

When I was running Xen Accounting, I also had my fair share of mistakes. Check out these mistakes and what should I have done instead. The post 5 Naive Mistakes I Made As A Firm Owner appeared first on Future Firm.

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What is CMS Cold Storage?

oAppsNet

In the realm of data management and storage, Content Management System (CMS) Cold Storage emerges as a crucial solution for businesses seeking to preserve and protect their valuable data assets. But what exactly is CMS Cold Storage, and how does it differ from traditional storage options? In this article, we’ll delve into the fundamentals of CMS Cold Storage, exploring its definition, key features, benefits, and use cases.

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The 5 Best Virtual Credit Cards in 2024

Nanonets

Though we increasingly manage business expenses and routine transactions online, one payment processing segment hasn’t quite fully caught up to the times – physical credit cards. Often subject to loss, theft, leaks, hacks, and fraud, physical credit cards are increasingly a liability for business owners of all sizes and types. Virtual business credit cards step in to bridge the gap between physical card management and credit accounts and full-blown digitization through payment apps

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Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.

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M&A roundup: Crowe and PKF Smith Cooper expand

Accounting Today

Crowe plans to add Belt Harris Pechacek; and PKF Smith Cooper acquired BLB Advisory.

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8 Ways to Use ChatGPT for Finance

Nanonets

After making waves throughout 2023’s early months, Internet users globally increasingly interact with OpenAI’s ChatGPT platform – whether they know it or not. Startups are increasingly starting ChatGPT-wrapped products and chatbots, and even more companies are recognizing the potential upside of internal ChatGPT use. And, just like Robinhood and commission-free trading democratized trading and investing, ChatGPT is also capable of democratizing wider financial literacy by ma