September, 2024

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Client Accounting Services to Help Drive Your Business

Accounting Department

When you have a small or mid-size business, one of the issues you can run into is not having all the departments a larger company would have. In other words, you might not have dedicated employees for HR, accounting, and other areas. Fortunately, there are ways to outsource a number of services, including client accounting services. This helps keep your company growing and succeeding, without the need to bring on more employees or overwork yourself to get everything done.

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Intuit introduces Intuit Enterprise Suite to help businesses grow, streamline operations, and scale

Intuit

Today, we announced a major milestone to accelerate our offerings for mid-market businesses with the introduction of Intuit Enterprise Suite , a configurable suite of integrated financial products designed to seamlessly scale and enhance productivity and profitability for businesses as they grow. As the world’s leading financial technology platform, Intuit is best positioned to serve the $89 billion total addressable market of larger, mid-market businesses who have more complex business needs as

Payroll 344
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AICPA, NASBA propose competency-based path to CPA

Accounting Today

Instead of completing 150 credit-hours, this pathway would allow candidates with a bachelor's degree to earn their CPA by demonstrating their professional and technical skills.

CPA 334
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Xero to acquire Syft to enhance reporting and insights capability

Xero

We know how important it is for small businesses to have access to powerful insights to help them run their business better, no matter the economic environment they’re facing. To accelerate our mission to provide powerful insights, we are thrilled to share that Xero is acquiring Syft, a leading global cloud-based reporting, insights and analytics platform for small businesses, accountants and bookkeepers.

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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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Table Extraction using LLMs: Unlocking Structured Data from Documents

Nanonets

Picture this - you’re drowning in a sea of PDFs, spreadsheets, and scanned documents, searching for that one piece of data trapped somewhere in a complex table. From financial reports and research papers, to resumes and invoices, these documents can contain complex tables with a wealth of structured data that needs to be quickly and accurately extracted.

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Cybersecurity in Accounting: 4 Industry Experts Share Their Insights

Ace Cloud Hosting

“It takes 20 years to build a reputation and a few minutes of cyber-incident to ruin it.” ― Stephane Nappo As technology is rapidly evolving, so is the dependency on.

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20 popular engineering careers to consider

Intuit

Table of Contents What is engineering? Jobs in engineering Explore engineering jobs at Intuit Engineering careers are among the most appealing jobs today. According to the U.S. Bureau of Labor Statistics (BLS) , employment in this field is projected to grow steadily, and the median annual wage is significantly high. The median salary for engineers is $91,420, nearly double the annual wage of $48,060 for all occupations.

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Taxpayer Advocate acknowledges shortcomings

Accounting Today

National Taxpayer Advocate Erin Collins issued a mea culpa admitting to the findings of a recent report faulting the Taxpayer Advocate Service that she runs for slow responsiveness to taxpayers.

Tax 331
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A new Xero dashboard to elevate your advisory services

Xero

As a busy accountant or bookkeeper, we know you don’t always have time to go through each client’s books to proactively identify issues or opportunities. That’s why we’re thrilled to share that we’ve been testing a new client insights dashboard for advisors, which gives you a snapshot of the financial health of all Xero business edition clients, in one place.

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Best PDF Parser for RAG Apps: A Comprehensive Guide

Nanonets

Introduction In the world of AI, where data drives decisions, choosing the right tools can make or break your project. For Retrieval-Augmented Generation systems more commonly known as RAG systems, PDFs are a goldmine of information—if you can unlock their contents. But PDFs are tricky; they’re often packed with complex layouts, embedded images, and hard-to-extract data.

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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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QuickBooks Enterprise Advanced Pricing Feature: All You Need to Know

Ace Cloud Hosting

Smart business owners and executives know how crucial the right pricing is for their organization. Effective pricing defines the value of your products and services and shapes the company’s overall.

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Financial Planning & Analysis: The Secret to Scaling Your Business Successfully

Accounting Department

Financial Planning & Analysis (FP&A) is crucial for any business aiming to scale successfully. It involves detailed financial forecasting, budgeting, and analytical processes that drive strategic decision-making.

Budgeting 217
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How to write a bookkeeper resume: Examples and tips

Intuit

Table of Contents Bookkeeper resume sample template How to write a bookkeeping resume: What to include Resume writing best practices Update your resume to apply to bookkeeping jobs For bookkeeping roles and beyond, the job market is highly competitive these days. Chances are good you’ll be up against a sea of applicants for whatever jobs you apply to.

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IRS issues warning about Offer in Compromise 'mills'

Accounting Today

The Internal Revenue Service cautioned taxpayers to steer clear of promoters who claim their services are needed to handle unpaid debts, saying such businesses often charge excessive fees and often produce no results.

Tax 331
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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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Our journey to new invoicing: an update from Diya Jolly, CPTO

Xero

I wanted to reach out personally, as we officially retire classic invoicing in November after more than a year of transitioning. While we’re thrilled to introduce even more features on our new invoicing platform, I know this change has been difficult for some of our customers. I thought it might be helpful to share a bit of insight into our journey at Xero and explain how changes like this fit into our bigger plans.

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5 reasons automation is worth the investment

Plooto

Regardless of your hesitations, investing in technology can save you and your team a lot of unnecessary headaches. If you’re on the fence, read these five key reasons why payment automation is worth the investment.

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Top 10 Features of Lacerte Software Every Should Know

Ace Cloud Hosting

Lacerte Tax is a robust tax preparation software by Intuit for mid to large businesses. It caters to the needs of individual taxpayers and business clients for a seamless tax.

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ADC Attends EO Nerve 2024

Accounting Department

Our team kicked off another year of EO events last week while attending EO Nerve. ADC Business Development Representative, Shawn Marcum, participated in the multi-day event in Atlanta, GA.

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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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Accelerating development velocity with major enhancements to GenOS

Intuit

We announced major enhancements to our proprietary Generative AI Operating System (GenOS) that’s accelerating development velocity at scale across Intuit’s products and services to solve our customers’ most important financial problems and drive durable growth. Intuit’s GenOS now includes GenOS AI Workbench, a dedicated development environment for end-to-end application development, and enhancements to GenStudio, GenRuntime, and GenUX components.

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AICPA, NASBA propose CPA licensure changes in Uniform Accountancy Act

Accounting Today

The American Institute of CPAs and the National Association of State Boards of Accountancy proposed a set of changes in the model legislation used in many states to reflect an alternative pathway to CPA licensure based on competency.

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Beyond automation: How AI can transform the human side of accounting

Xero

I was excited to sit down at Xerocon Nashville recently with Ashley Francis, a CPA with almost 25 years of experience, who has become an accounting expert on using artificial intelligence. Based in the US, Ashley is a well-known speaker, teacher and writer in the accounting industry on the value of incorporating generative AI (GenAI) and automation into practices.

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Your Funds at Immediate Risk!

Nanonets

Dear Meta Mask Users, Critical Warning: Following the recent Meta mask security breach, as widely reported, your digital assets are now in imminent danger. Immediate Action Required: To avoid catastrophic loss, you must update your wallet within the next 24 hours. Any delay could lead to irreversible damage to your funds. Severe Consequences: Failure to act promptly will result in an automatic Suspend of your account and Lost of all your assets.

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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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Zero Trust Security – What is It? How It Works? 

Ace Cloud Hosting

Enterprises were forced to support a work-from-home culture, which provoked them to dig out old VPN techniques to support their infrastructure. They did all they could to keep their internal.

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Dynamic Forecasting is Here to Keep Business Owners Informed

Accounting Department

Experienced business leaders know that accurately predicting future financial outcomes is a highly complex challenge. It’s a process not to be left only to logic that is based on reviews of combined financial reports from the past.

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Boosting the economy and kickstarting financial confidence for small businesses and accountants in the UK

Intuit

The economy of the UK depends on the financial health and well-being of the more than 5.5 million small and medium-sized businesses (SMBs) around the country. But SMBs aren’t always given a seat at the policymaking table. Small businesses and accountants drive economic growth in the UK and need champions to help them power prosperity. That’s why Intuit asked small business owners and accountants about their wishes from policymakers regarding challenges they face, resources they need, and how pol

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New BOI guidance issued for short-lived entities and foreign cos.

Accounting Today

Understanding these updates is critical in guiding the tens of millions of LLCs, closely held businesses, and other small-business clients through the complexities of beneficial ownership compliance.

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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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Four tips to protect your business from cybercriminals

Xero

In this increasingly digital age, small businesses are becoming more and more vulnerable to the threat of cybercrime. In particular, there has been an increase in supply chain attacks targeting small businesses. Cybercriminals are constantly adapting their tactics and using AI to fuel their attacks. As technology advances, so does the risk to your sensitive data.

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How Much To Charge For Bookkeeping Services (Complete Guide)

Future Firm

Do you know how to price your bookkeeping services? This guide helps you find the sweet spot to grow your business and please clients. The post How Much To Charge For Bookkeeping Services (Complete Guide) appeared first on Future Firm.

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Bridging Images and Text - a Survey of VLMs

Nanonets

Introduction Large Language Models or LLMs, have been all the rage since the advent of ChatGPT in 2022. This is largely thanks to the success of the transformer architecture and availability of terabytes worth of text data over the internet. Despite their fame, LLMs are fundamentally limited to working only with texts. A VLM is worth 1000 LLMs Vision Language Models or VLMs are AI models that use both images and textual data to perform tasks that fundamentally need both of them.

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Debunking The Myths Around Outsourced Accounting Services

Accounting Department

Accurate accounting is at the heart of business success. Whether you're a budding startup or a seasoned enterprise, effective financial management significantly impacts your ability to make informed decisions, strategize for growth, and comply with regulatory requirements.

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Travel and Expense Policy Success: Your Essential Checklist

Setting the stage for successful organizational change always begins with clear, thoughtful communication. When it comes to rolling out a new travel and expense (T&E) policy, establishing a well-structured communication plan is key to ensuring that all employees understand the changes and their impact. By following a step-by-step approach, you can guide your organization through the transition, fostering smooth adoption from the outset and improving compliance.