Mon.Oct 07, 2024

article thumbnail

Auditors play important role in responding to fraud risk

Accounting Today

The Center for Audit Quality and the Anti-Fraud Collaboration released a new publication on the role of the auditor in assessing and responding to fraud risk.

Auditing 306
article thumbnail

What’s new in Xero – October 2024

Xero

This month’s Xero product updates include exciting new features and enhancements to streamline your workflows and boost productivity. From rolling out new tools for our accountants and bookkeepers, to improvements to the Xero Accounting app, and tools for managing inventory, Xero’s October updates offer valuable enhancements for both small businesses and advisors alike.

XERO 264
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Clients expect auditors to use AI

Accounting Today

Companies increasingly expect their audit firms to leverage artificial intelligence to aid the audit process, according to a new survey from BDO.

Auditing 306
article thumbnail

International Wire Transfer

Tipalti

Explore both online and offline reliable methods for making international wire transfers. These methods are ideal for businesses and individuals with consistent international payment needs.

75
article thumbnail

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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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.

article thumbnail

Final regs issued on conservation easements

Accounting Today

The new rules require that certain syndicated conservation easements must be reported to the IRS.

Tax 296
article thumbnail

What Is Value-Based Pricing?

Billing Platform

We’re all familiar with the value-based pricing example – think Mercedes, Gucci, Christian Louboutin, Rolex, and Louis Vuitton. While typically associated with luxury items, that’s not always the case. For instance, Starbucks, Netflix, and Apple, as well as software-as-a-service (SaaS) companies like Adobe, Salesforce, Hubspot, and Slack rely on value-based pricing to attract customers within their niche markets and boost profitability.

Billing 61

More Trending

article thumbnail

FX Payments

Tipalti

Understand the common challenges that businesses face when handling forex (FX) payments for international transactions. Learn about top international FX payment solutions.

52
article thumbnail

Crunching the right numbers

Accounting Today

Too many accounting firms are relying on outdated or inappropriate data to measure their success, says Sarah Dobek.

article thumbnail

Small Business Health Care Tax Credit & SHOP Marketplace Health Insurance

CSI Accounting & Payroll

Chances are, if you’re a small business owner who offers health insurance to your employees, you’ve probably heard about the small business health care tax credit. Everyone wants to lower their tax liability, and researching tax credits can help you do that!

Tax 52
article thumbnail

Private sector adds 143K jobs

Accounting Today

Private sector employment increased by 143,000 jobs in September, while annual pay rose 4.7% year-over-year, payroll giant ADP reported.

Payroll 173
article thumbnail

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

article thumbnail

Supplier Risk Assessment

Tipalti

In an ideal world, you can always rely on your suppliers to deliver the goods and services you need. However, this isn’t always the case, making supplier risk management a genuine concern for companies. Suppliers can pose a risk to businesses since they are companies themselves.

52
article thumbnail

Washington wildfire victims get tax relief

Accounting Today

The IRS has pushed back filing and payment deadlines for those impacted by the fires that began last June 22.

Tax 173
article thumbnail

How AI Automation Minimizes Common Invoicing Errors

Invoicera

Invoicing is an important component in managing your finances, but if you go through just a minor error, you might face a significant loss, which could even lead to strained client relationships. Talking about traditional invoicing process, they are more prone to mistakes as data is entered manually, and miscalcluations might occur. Fortunately, the day AI stepped in, things became easy.

article thumbnail

Bloomberg T&A Innovation Studio offers AI Assistant as first offering

Accounting Today

Bloomberg Tax and Accounting announced the launch of its Innovation Studio, which offers select customers access to solution still in development. Its latest offering is a new AI Assistant feature.

Tax 173
article thumbnail

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.

article thumbnail

Startup SG Founder Grant: A Launchpad for Small Business Owners in Singapore

Counto

Startup SG Founder Grant: A Launchpad for Small Business Owners in Singapore Embarking on the journey of entrepreneurship is both exciting and challenging. For aspiring small business owners in Singapore, the Startup SG Founder Grant is a vital resource designed to support those venturing into business for the first time. This initiative provides not only financial assistance but also invaluable mentorship, fostering a spirit of innovation and growth within Singapore’s dynamic startup ecosystem.

article thumbnail

Art of Accounting: Tax and law library books

Accounting Today

Bookcases full of accounting and tax reference materials were useful at one time, but not so much anymore.

Tax 173
article thumbnail

Maximising Input Tax Credits: A Guide for Startups Funded by Startup SG Tech

Counto

Maximising Input Tax Credits: A Guide for Startups Funded by Startup SG Tech For small businesses in Singapore, particularly those backed by Startup SG Tech, grasping the strategies to maximise Input Tax Credits (ITCs) is vital for achieving financial success. By effectively utilising ITCs, startups can enhance cash flow and minimise their tax obligations, allowing for reinvestment into their operations.

Tax 52
article thumbnail

2025 International ProAdvisor Award Tip: “Competition is Good”

Insightful Accountant

As far as the International ProAdvisor Awards are concerned, the ‘more, the better.’ Murph explains how the Top 50 International Awards are ‘weighted’ on a hemispheric basis.

52
article thumbnail

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?

article thumbnail

Can Foreign Founders Participate in the Startup SG Founder Programme?

Counto

Can Foreign Founders Participate in the Startup SG Founder Programme? Starting a business is an exhilarating journey filled with both opportunities and challenges, especially for small business owners in Singapore. One of the valuable resources available is the Startup SG Founder Programme, which offers essential support to help you launch your enterprise.

Tax 52
article thumbnail

Purchase Order Management

Tipalti

Learn essential tips and strategies to streamline your procurement process, optimize inventory control, and boost overall efficiency with our comprehensive overview of purchase order management.

article thumbnail

Intellectual Property Management: A Key Role for Company Secretaries in Singapore

Counto

Intellectual Property Management: A Key Role for Company Secretaries in Singapore As a small business owner in Singapore, navigating the complexities of intellectual property (IP) can be challenging. Effective IP management is crucial for protecting your business’s innovations and maintaining a competitive edge. Company secretaries play a vital role in this process, ensuring that your business adheres to IP regulations while providing strategic advice to enhance your IP strategy. 1.

Tax 52
article thumbnail

Supplier Performance Management

Tipalti

Supplier performance management, or SPM, plays a crucial role in various aspects of procurement, from supplier onboarding and supply chain management to overall risk management. Yet only about a fifth of companies have a “proactive” approach to analyzing and managing supplier performance.

52
article thumbnail

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.

article thumbnail

Effective Accounting Practices for IA and IP for SMEs in Singapore

Counto

Effective Accounting Practices for IA and IP for SMEs in Singapore For small business owners in Singapore, understanding accounting practices for intangible assets (IA) and intellectual property (IP) is crucial for compliance and sound financial management. By employing effective accounting practices, you can better manage these valuable resources, ultimately enhancing your business’s valuation.

article thumbnail

Prepare for 2024 with What We Learned in 2023

Tipalti

2024 is here. Let's look back at the most significant financial events that helped shape 2023 and be better prepared for the year ahead.

52
article thumbnail

Significance of IA/IP in Business Valuation During Incorporation in Singapore

Counto

Significance of IA/IP in Business Valuation During Incorporation in Singapore As a small business owner in Singapore, understanding how your company is valued is crucial, particularly during the incorporation phase. One critical aspect that often goes unnoticed is the impact of intangible assets (IA) and intellectual property (IP) on your business’s overall valuation.

article thumbnail

Analysing AWS Cost with CUR & Redshift: A Quick Guide

Economize

Introduction Managing cloud costs effectively is a key concern for organizations of all sizes, especially as they scale their usage of AWS services. With numerous resources and services contributing to your AWS bill, it becomes increasingly challenging to gain a clear and comprehensive view of your cloud expenditures.

Billing 52
article thumbnail

The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

article thumbnail

Tax Implications of Intangible Assets: What SMEs in Singapore Need to Know

Counto

Tax Implications of Intangible Assets: What SMEs in Singapore Need to Know In Singapore’s competitive business environment, small and medium-sized enterprises (SMEs) constantly seek strategies to gain a foothold. One critical area that often gets overlooked is the management of intangible assets—such as trademarks, patents, and goodwill. These non-physical resources can significantly impact your company’s financial standing and tax responsibilities.

Tax 52
article thumbnail

Marketers Prep for Black Friday and Cyber Monday  

AvidXchange

‘Tis the season to start preparing campaigns for Black Friday and Cyber Monday (BFCM). These high-stakes shopping events bring massive opportunities for brands to boost sales, but also fierce competition. With consumers on the hunt for the best deals, performance marketers look to fine-tune their strategies and optimize campaigns to maximize return on investment (ROI).

article thumbnail

Financial Effects of Expense Reimbursements: An Accounting Insight

Counto

Financial Effects of Expense Reimbursements: An Accounting Insight For small business owners in Singapore, effective financial management is critical for success. One essential component is expense reimbursements, which significantly influence cash flow, tax obligations, and overall financial well-being. This article breaks down the financial ramifications of expense reimbursements from an accounting viewpoint, providing valuable insights for small businesses to streamline their reimbursement pr

article thumbnail

Rule of 40 in SaaS: How to Calculate and When to Use

finout

What Is the Rule of 40 for SaaS? The Rule of 40 is a performance metric used in Software as a Service (SaaS) companies to evaluate the balance between growth and profitability. It is calculated by adding the company's revenue growth rate to its profit margin. If the sum equals or exceeds 40%, the company is considered to have a healthy performance.

52
article thumbnail

Maximizing Profit and Productivity: The New Era of AI-Powered Accounting

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.