Mon.Oct 07, 2024

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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
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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.

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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
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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.

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From Start to Scale: Driving Growth Through Seamless Payments Implementation

Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting

Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical

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How secure are your communications?

Accounting Today

Communications between you and your clients can contain sensitive information that neither of you would want distributed to others.

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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.

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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
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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
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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.

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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
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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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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.

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Crunching the right numbers

Accounting Today

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

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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.

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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
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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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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.

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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
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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
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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.

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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

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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.

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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.

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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.

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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.

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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

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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.

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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).

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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.

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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.

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Solve Your Firm's Automation Complexities Once and For All

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.

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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

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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.

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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.

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Exploring Intuit's New Enterprise Suite: A Game-Changer for Mid-Market Businesses

Insightful Accountant

Alicia Katz Pollock provides insight into Intuit's new Enterprise Suite prior to our QB Talks October session on October 23rd at 2pm EST.

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Confronting the Change Challenge

Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.