Mon.May 20, 2024

article thumbnail

Art of Accounting: Data focus plan

Accounting Today

Strategic planning meetings and retreats for the firm should be free of distractions to be successful.

article thumbnail

Will AI and LLMs Transform FinOps?

FinOps Foundation

Key Insight: Microsoft discovered that FinOps is the key to cloud success after a lift and shift approach left savings on the table. AI and LLMs have the potential to transform an organization’s approach to migration and modernization, and towards a cost-aware architecture. Managing the cloud bill is a shared responsibility among cloud providers, customers, and partners.

FinOps 130
professionals

Sign Up for our Newsletter

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

article thumbnail

The Fundamentals: Practice management systems

Accounting Today

In this first installment of The Fundamentals, we asked firm leaders and tech experts the basics of selecting a practice management system.

247
247
article thumbnail

Beef up the benefits of automation with a well-defined invoice approval process

Cevinio

Dive into the transformative effects of automating invoice approvals with Cevinio, highlighting how it enhances efficiency, accuracy, and compliance […]

Invoicing 100
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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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

5 tax strategies that pay off in real estate and homeownership

Accounting Today

Changes in residency, qualified personal residence trusts and other methods cited by experts carry big savings — with some caveats.

Tax 239
article thumbnail

Top 10 Arabic OCR Software in 2024 (Free & Paid)

Nanonets

Are you looking for Arabic OCR Software? Try Nanonets OCR for free. Trusted by 500+ enterprises to extract data from 30Mn+ documents. Start a free trial or request a callback. Try Nanonets OCR Schedule a Demo Need to extract Arabic text from documents so that it can be edited and stored? An Arabic OCR software can help you achieve just that. The Arabic language is written in a script that differs from the Western alphabet.

More Trending

article thumbnail

Leveraging IRS Online Tools

Insightful Accountant

The Internal Revenue Service (IRS) has been steadily expanding its suite of online tools and services for tax practitioners, aiming to streamline processes and improve efficiency.

Tax 59
article thumbnail

How to Scrape Data from a Website to Excel?

Nanonets

There are over 1.11 billion websites and over 50 billion web pages. These websites contain a wide variety of information in different formats: text, video, images, or tables. This information must be scrapped or extracted for many applications, from powering search engines to running large language models. Web scraping has been around since the conception of the Internet itself.

59
article thumbnail

Navigating Bookkeeping for Small Businesses: DIY vs. Professional Assistance

Less Accounting

Bookkeeping is a critical function for any small business aiming for financial stability and sustainable growth. Accurate financial records provide essential insights into cash flow, profitability, and overall business health. While many small business owners initially opt for DIY bookkeeping to save costs, there comes a point where professional bookkeeping may become necessary to further the business’s growth and ensure accuracy in financial reporting.

article thumbnail

How to optimize your data workflows with intelligent automation

Nanonets

Data workflows are essential for businesses to make informed decisions and drive growth. However, managing these workflows can be time-consuming and repetitive, often involving manual tasks that drain valuable resources. Businesses often end up spending a lot of time on data preparation and cleaning, leaving little room for strategic analysis. While these tasks are necessary, they do not best use your team's skills.

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

Subscription Billing Software: An Overview

Billing Platform

While not a new term, subscription billing is a charging method that enables merchants to bill customers automatically on a fixed schedule for a specific product or service. This payment method has roots that date back to the 17th century when English book publishers and periodicals pioneered subscription billing by collecting ‘sponsorships’ from readers.

Billing 52
article thumbnail

Tax Avoidance vs. Tax Saving Strategies for Small Businesses

CSI Accounting & Payroll

Most small business owners have a fairly tight budget. With a variety of large expenses, such as running payroll, renting a business location, and cost of goods, you don’t want to also face a larger tax bill than you need to. So, how do you save money on taxes? What are the legal ways to save, and which methods should you avoid? At CSI Accounting & Payroll, we’ve worked with small business tax strategy for over 50 years.

Tax 52
article thumbnail

Sage 50 – the Misunderstood Sage Accounting Solution

Insightful Accountant

Sage 50 Desktop Accounting Solution is also Sage 50 Cloud Accounting Solution.

article thumbnail

Accounts Payable Audit

Tipalti

Accounts Payable audit is performed in various ways depending on the size and structure of a business. Learn how to conduct an effective AP auditing to streamline your process and ensure thoroughness.

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

Day 2 of Future Forward is Tomorrow, May 22, 2024

Insightful Accountant

The second day of this spring's Future Forward is tomorrow, May 22, 2024. Another power packed day of education with 'Free' CPE.

52
article thumbnail

Top 10 Accounting Firms in the US

Invoicera

Introduction A report by Research and Markets says, “The accounting market is anticipated to hit $735.94 billion by 2025.” Accounting firms play a significant role in the financial market as they provide service for various entities, as well as guidance for various individuals. These firms provide overall financial services for the better financial health of their clients.

article thumbnail

With Trump in court, former advisors are quietly drafting his economic and tax policy

Accounting Today

These competing factions of outside advisors are offering sometimes conflicting plans on tariff hikes, China, health care and taxes.

Tax 195