Wed.Oct 16, 2024

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EY beefs up use of AI amid $1B investment

Accounting Today

Ernst & Young is leveraging its $1 billion investment in talent and technology to expand the use of artificial intelligence and machine learning over the next four years.

Auditing 317
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Cost-Aware Product Decisions

FinOps Foundation

Key Insight: FinOps is continuing to shift from managing cost as an operational afterthought to a key consideration in the product design process. Data-driven business conversations about what to build, which features to include, and where to build it are now happening before engineers are handed requirements to start developing. FinOps teams can estimate, monitor, and optimize the unit cost of a product or service from inception to help drive cost-aware product decisions before architecture beg

FinOps 130
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IRS accelerates ERC claims processsing

Accounting Today

The Internal Revenue Service says it is processing some 400,000 claims for the Employee Retention Credit, representing about $10 billion of eligible claims.

Tax 317
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Celebrating Atlanta Pride with Intuit Mailchimp

Intuit

This year, Intuit Mailchimp employees took to the streets to affirm that “We see you.” I’m Sam Vaughn, a senior program manager at Intuit Mailchimp. I work on employee programs and events, producing activations for Mailchimp and our Atlanta HQ. Most of our employee events happen onsite, so the Atlanta Pride Parade is especially exciting being able to bring the Intuit culture to the community.

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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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Easing into automation: How to digitally transform

Accounting Today

While other industries rapidly adopt data-driven solutions like artificial intelligence (AI), many CPA firms still rely on spreadsheets and processes that merely digitize the traditional paper-based approach.

CPA 289
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IRS Warns Taxpayers of Charity Scams Following Recent Hurricanes

Insightful Accountant

In the aftermath of Hurricanes Milton and Helene, the Internal Revenue Service today cautioned taxpayers of scammers who use fake charities to gather sensitive personal and financial data from unsuspecting donors.

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Building a $200K Accounting Firm in Just 15 Hours a Week

Blake Oliver

A great conversation with Erica Goode, CPA about how she built a $200K solo accounting firm working just 15 hours a week. You read that right! Watch the recording, then register for the course. Take a 5-question quiz to earn your free CPE credit with the Earmark app.

CPA 52
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What are delayed filings?

Accounting Today

Whether someone incorporates their business now as the year comes to a close or waits until the new year can affect their company in various ways.

Tax 297
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Integrating Spend Analytics into Financial Audits for Singapore SMEs

Counto

Integrating Spend Analytics into Financial Audits for Singapore SMEs In today’s data-driven world, small and medium-sized enterprises (SMEs) in Singapore are increasingly recognising the importance of spend analytics in refining their financial audits. By effectively incorporating spend analytics into their auditing processes, SMEs can uncover discrepancies and ensure compliance with financial regulations, leading to improved operational efficiency and financial stability.

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A tax deduction for financial advice? Why chances are murky

Accounting Today

The CFP Board, the FPA, FSI, NAPFA and the IAA called jointly for the restoration of incentives for financial planning as part of the looming TCJA debate.

Tax 288
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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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Enhancing Corporate Governance with Spend Analytics in Singapore SMEs

Counto

Enhancing Corporate Governance with Spend Analytics in Singapore SMEs In Singapore’s competitive landscape, small and medium enterprises (SMEs) face challenges in corporate governance and compliance. Company secretaries play a vital role in addressing these challenges, and spend analytics can significantly enhance their effectiveness. This blog explores how company secretaries can use spend analytics to ensure compliance and improve transparency in financial reporting.

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Intuit steps up, and other tech stories you may have missed

Accounting Today

Plus LiveFlow raises $13.5 million to modernize accounting, a host of developments in AI, and other technology stories you may have missed in the last month.

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GST Cash Flows: How Spend Analytics Benefits Singapore’s Small Business Owners

Counto

GST Cash Flows: How Spend Analytics Benefits Singapore’s Small Business Owners For small business owners in Singapore, managing GST compliance effectively is essential for maintaining a healthy financial state. By harnessing the power of spend analytics, businesses can enhance their cash flow, ensure precise GST reporting, and uncover potential tax savings.

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SAP applies gen AI to spend management

Accounting Today

SAP announced improvements to its spend management and business network solutions, not least of which is the embedding of a generative AI assistant.

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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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Mitigating Payment Errors with Spend Analytics: A Guide for SMEs in Singapore

Counto

Mitigating Payment Errors with Spend Analytics: A Guide for SMEs in Singapore Payment errors can significantly affect small and medium-sized enterprises (SMEs) in Singapore. To maintain cash flow and strong supplier relationships, effective financial transaction management is crucial. Spend analytics offers valuable insights that help SMEs reduce payment discrepancies and improve accuracy in their financial processes.

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SEC's evolving stance on climate disclosures has implications for auditors

Accounting Today

The new regulatory environment has faced legal challenges, creating uncertainty for companies and auditors.

Auditing 157
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Importance of Financial Transparency for Nominee Directors

Counto

Importance of Financial Transparency for Nominee Directors In Singapore’s dynamic business environment, nominee directors play a critical role in ensuring companies adhere to regulatory standards and practise sound corporate governance. As financial scrutiny increases, the demand for transparency becomes ever more essential. A key strategy for nominee directors to enhance this transparency and accountability in their financial dealings is through the effective use of spend analytics.

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"New" How to Acumatica - Purchase Receipts from Receiving Dashboard

Insightful Accountant

Murph is starting a new 'How to" series related to various ERPs. In today's version he's selected a core functionality of Acumatica involving a Warehouse Manager, a Warehouse Worker, and Receiving Clerk.

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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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How to Turn Advisory Work Into a Recurring Service

Future Firm

Advisory services give clients peace-of-mind, but they're often delivered ad hoc. Here's how to offer advisory services on a recurring basis. The post How to Turn Advisory Work Into a Recurring Service appeared first on Future Firm.

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Process Automation – Why It’s Relevant

oAppsNet

In today’s fast-paced, technology-driven world, businesses constantly seek ways to stay competitive, enhance efficiency, and reduce costs. One of the most powerful strategies for achieving these objectives is process automation, a tool that not only streamlines operations but also improves accuracy and frees up human resources for more complex and creative work.

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ACRA’s New Contact Address Regime: What Business Owners Need to Know

Counto

ACRA’s New Contact Address Regime: What Business Owners Need to Know As a business owner in Singapore, staying informed about regulatory changes is crucial. The Accounting and Corporate Regulatory Authority (ACRA) has recently introduced a significant update that affects how your address information is displayed in public records. Let’s break down what this means for you.

Tax 52
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Azure Storage Pricing Guide: 8 Essential Factors to Know

Economize

What is Azure Storage? Azure Storage is a cloud-based service that offers scalable, and highly available storage solutions to store and manage various types of data, from simple text files and images to large-scale analytics datasets.

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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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Beneficial Ownership Information (BOI) Reporting: A Guide for Singapore SMEs

Counto

Beneficial Ownership Information (BOI) Reporting: A Guide for Singapore SMEs As a small business owner in Singapore, keeping up with regulatory requirements like Beneficial Ownership Information (BOI) reporting is vital. It’s not just about staying compliant—it’s about ensuring your business is transparent, trustworthy, and well-positioned for growth.

Tax 52
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Prioritize Onboarding and Customer Support for AP Automation

AvidXchange

Choosing an accounts payable (AP) automation provider is an important decision for any organization. While it’s valuable to consider features like invoice processing, payment capabilities, and accounting system integrations , customer service and onboarding support often play key role s in determining the long-term success of your automation efforts.

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Exploring Beneficial Ownership Requirements for Singapore Businesses

Counto

Exploring Beneficial Ownership Requirements for Singapore Businesses Establishing a business in Singapore offers immense opportunities, yet it comes with various regulatory obligations. One key aspect that new entrepreneurs must grasp is Beneficial Ownership Requirements. Understanding these regulations is vital for ensuring compliance, promoting transparency, and protecting your business from potential legal issues.

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How Accounting Supports Financial Independence

Analytix Finance & Accounting

Financial independence is not just a concept; it’s an achievable goal for businesses. It’s more than simply covering operational costs or having a financial cushion. It’s about establishing a sustainable financial ecosystem that promotes stability, growth, and long-term security. This involves implementing sound financial strategies, optimizing cash flow, and making informed investment decisions.

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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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Singapore Maintains Strong Standing with a 4th Place in the Global Financial Centres Index 

Counto

Singapore Maintains Strong Standing with a 4th Place in the Global Financial Centres Index Singapore has reinforced its status as a leading global financial centre, achieving fourth place in the 2024 Global Financial Centres Index (GFCI). This esteemed ranking showcases the resilience and strength of Singapore’s financial services sector and its supportive business environment, making it an attractive choice for Singapore SMEs and investors alike. 1.

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Intelligent Data Extraction: Everything you need to know in 2024

Nanonets

Data is the life of business operations. Organisations have vast oceans of information, from invoices and purchase orders to customer forms and legal documents. However, the real challenge lies not in having this data, but in effectively extracting, processing, and utilising it. This is where Intelligent Data Extraction (IDE) comes into play – a revolutionary approach that's transforming how businesses handle information.

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Why the Global Financial Centres Index (GFCI) Matters in the Business Industry

Counto

Why the Global Financial Centres Index (GFCI) Matters in the Business Industry As a small business owner in Singapore, understanding the dynamics of the global financial landscape is essential for your success. The Global Financial Centres Index (GFCI) plays a crucial role in shaping business strategies by evaluating the competitiveness of financial centres worldwide.

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What About that Intuit Enterprise Suite ProAdvisor Training?

Insightful Accountant

We want to know what our readers thought about the Intuit Enterprise Suite ProAdvisor Training presented on Wednesday, October 16th. Has your comfort level changed?

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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.