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 321
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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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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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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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AICPA & CIMA names Mark Koziel as next CEO

Accounting Today

The Allinial Global president and CEO will be succeeding longtime chief Barry Melancon, who is retiring at the end of this year.

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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 228
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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 222
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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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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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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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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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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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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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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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"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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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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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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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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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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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.

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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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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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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.