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.

XERO 249
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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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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 83
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Breaking Ground on Better Payment Processes: Strategies for Construction Pros

Speaker: Timothy Allsopp

Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.

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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
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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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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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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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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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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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The Growth Architect: How Financial Leaders are Unlocking Potential

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

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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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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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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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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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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

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

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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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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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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.

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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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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
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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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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
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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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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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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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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.