Accounting Today

JANUARY 4, 2023

Auditing 317

Auditing Tax 317

Xero

JANUARY 22, 2023

By now, you’ll be familiar with Single Touch Payroll Phase 2. This will see your business build on its existing STP reporting to share more information with the ATO and additional government agencies whenever you process a pay run. With Xero’s deferral soon coming to an end, mandatory Phase 2 reporting is set to commence from 31 March 2023. This means that all Xero Payroll users must transition to the Phase 2 reporting standard.

XERO 277

XERO Payroll Bookkeeping 277

Accounting Department

JANUARY 26, 2023

From a business owner's standpoint, the thought of handing off an entire area of your business for someone else to take care of may seem a bit nerve-wracking. But business owners should consider how much time is being used up on a daily, weekly, or yearly basis on an area of the business, like bookkeeping, that can be spent focusing on sales, growth, and future planning.

Outsourced Bookkeeping 220

Outsourced Bookkeeping Bookkeeping Virtual Bookkeeping Bookkeeping Services 220

ProsperOps

JANUARY 31, 2023

By 2025, 51% of IT budgets will go to cloud-based systems and operations. But, as cloud adoption increases, so does the cost of doing business. As more cloud services are introduced, along with serverless and microservice-based architectures, measuring cloud costs is both complex and unpredictable. That’s where cloud cost optimization comes into play.

FinOps 130

FinOps FinOps Computation Billing 130

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Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

Fidesic blog

JANUARY 30, 2023

What is Multi Entity Accounting Software? For CFO's and other financial executives with multiple financial entities under a single umbrella multi-entity accounting software enables automated processes to improve accuracy and efficiency of accounting across entities--whether various departments or lines of business within a holding company, franchising organization or conglomerate.

Accounts Payable 130

Accounts Payable Accounts Payable Accounting Software Accounting 130

AP Association

JANUARY 23, 2023

Businesses are facing huge challenges as a result of the troubled economy. Inflation has reached a 41-year high of 11.1% and the Bank of England is warning of a long recession looming. As a result, businesses are increasingly automating their accounts payable process to increase efficiency going into 2023. Surveys have revealed CEOs' main goals are digitisation, growth and efficiency.

Accounts Payable 130

Accounts Payable Accounts Payable AP Accounting 130

Xero

JANUARY 12, 2023

At Xero, our aim is to make life easier for accountants, bookkeepers and small businesses. And we understand that there’s a lot to get your head around, so we’ve shared three key facts about Xero that both new and experienced accounting and bookkeeping users may not have realised. Moving clients to Xero can be efficient and stress-free. There’s a common misconception among accountants and bookkeepers that moving clients to new software, like Xero, can be a costly, time-consuming task.

XERO 55

XERO Bookkeeping Reconciling Invoicing 55

Accounting Department

JANUARY 19, 2023

As a business owner, getting paid in full and on time is crucial for a healthy cash flow. However, late payments and bad debts are a constant threat looming over an accounts receivables (AR) team. Accounts receivable reports are a key tool for businesses to manage their AR balances, forecast cash inflow, and stay on top of overdue payments.

Accounts Receivable 216

Accounts Receivable Accounts Receivable Account Receivables AR 216

ProsperOps

JANUARY 19, 2023

EBOOK Cloud Cost Optimization 2.0 Despite consistent and heavy growth in cloud investments, only 15% of companies surveyed in the 2022 State of FinOps report believe their FinOps program is mature or well-optimized. About the eBook Most organizations are vulnerable to the cycle of cloud costs, in which teams repeatedly address short-term optimizations to achieve mediocre savings outcomes.

FinOps 130

FinOps FinOps 130

Fidesic blog

JANUARY 22, 2023

Are you ready to take 2023 by storm, boost your job performance and get noticed by your bosses? We looked at content from recruiting agencies all over the internet and came up with some tips on how to be a good AP clerk. The 5 skills we found to improve so you can be a better AP clerk include: Communication, Organization, Attention to Detail, Software Skills and Continued Learning.

AP 130

AP Accounts Payable Accounts Payable Accounting 130

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.

Collections

Insightful Accountant

JANUARY 25, 2023

Xero has announced an integration with Melio, a leading B2B payment platform that will permit the automatic sync of A/P and A/R data between the two small business solutions.

XERO 120

XERO 120

Accounting Today

JANUARY 5, 2023

Tax 298

Tax 298

Xero

JANUARY 25, 2023

This February, we’re pumped to be hitting Australia’s major cities and regional towns for – you guessed it – Xero Roadshow 2023! From Geelong to the Gold Coast and Parramatta to Perth, we’ll be touring 17 locations between 7 to 27 February. Since we last hit the road in March 2022, the world has continued to experience lots of change (like talent shortages, rising inflation and cost of living pressures).

XERO 245

XERO Bookkeeping Payroll Accounting 245

Accounting Department

JANUARY 31, 2023

It is that time of the year again, tax season. Many businesses dread this time of the year - it's tough. But thankfully not as tough when you have the unrivaled support of AccountingDepartment.com. "1099 Season" spans from the beginning of the year until January 31st, and during this time, the team at AccountingDepartment.com is hard at work to prepare and review over 6,000 1099's for our clients.

Tax 214

Tax Accounting Accounting 214

Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.

Accounts Payable

SAP Accounts Payable

JANUARY 6, 2023

As we take the time to get back into the swing of things and dig ourselves out of backlogged emails, we reflect on what we were able to accomplish last year while looking forward to our goals for 2023. Did you close that big deal you were hoping for in Q4? Or were you able to hit those last-minute cost savings objectives? Is part of your 2023 goals to improve your internal collaboration across silos?

AP 115

AP Accounts Payable Accounts Payable Invoicing 115

Fidesic blog

JANUARY 19, 2023

A Microsoft Dynamics GP customer recently came to Fidesic because they were facing an increasingly common problem--they were struggling to hire an accounts payable clerk. The fact is that the industry is currently in a talent shortage as ‘accounting clerk’ has been a difficult position to fill in recent years.

Accounts Payable Clerk 130

Accounts Payable Clerk Accounts Payable Accounts Payable Accounting 130

Insightful Accountant

JANUARY 26, 2023

MasterYourBooks' Mariette Martinez on the important role both play in reaching personal and professional growth goals for Latinos.

119

119

Accounting Today

JANUARY 12, 2023

Tax 290

Tax 290

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It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

Accounting

Xero

JANUARY 22, 2023

We held our sixth Responsible Data Use Advisory Council meeting just before Christmas last year. This was another fantastic opportunity to tap the wealth of expertise of our council members about emerging trends around responsible data use for small businesses. The council is made up of myself, Laura Jackson of Popcorn Shed (business owner), Maribel Lopez of Lopez Research (technology analyst), Wyndi and Eli Tagi of WE Mana (advisors), Aaron Wittman of XBert (app developer), Anna Johnston of

XERO 245

XERO Payroll Invoicing Accounts Payable 245

Accounting Department

JANUARY 25, 2023

The accounting cycle is a multi-step process that involves accepting, recording, sorting, and crediting payments made within a business during a period of time. It creates an accurate record of the business's financials that are summarized on its financial statements.

Financial Statements 212

Financial Statements Accounting Accounting Financial Reporting 212

Sage Intacct

JANUARY 9, 2023

Recently, I sat in on a financial-services session at our annual Sage Transform conference for Sage Intacct customers and partners. The session focused on family offices and one of the panelists, a CFO at a firm with dozens of multiple entities, described her journey building the firm’s financial tech stack. She spoke of taking months to analyze their business processes so their automation efforts would get it right the first time.

Financial Services 111

Financial Services 111

CloudZero

JANUARY 9, 2023

FinOps, or the practice of managing a company’s cloud computing costs, and DevOps, the process of efficiently building applications in the cloud, should ideally go hand-in-hand.

FinOps 105

FinOps FinOps Computation 105

Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.

Payroll

Insightful Accountant

JANUARY 22, 2023

The Bonadio Group’s Kristin Kowalski discusses some of the ins and outs of what is becoming a potential growth opportunity in 2023 and beyond. Here’s what today’s accounting professionals should know.

Accounting 115

Accounting Accounting 115

Accounting Today

JANUARY 10, 2023

Tax 279

Tax Auditing 279

Xero

JANUARY 23, 2023

This blog was first published in April 2022 and updated in January 2023. If you’re a VAT-registered business , you may have received a letter or email from HMRC, informing you that the new penalty system for Making Tax Digital (MTD) for VAT is now in place. Arriving at the beginning of this year, the system is described as simplified penalties for late VAT submissions and payments, with a goal of making these fairer and more proportionate for customers.

XERO 239

XERO Tax Collections Bookkeeping 239

Accounting Department

JANUARY 18, 2023

Smart financial planning is something that sets successful growing businesses apart from others. Whether a business is new or growing in size , these 5 tips can be used by business owners to smarten up their business finances and prepare themselves for a successful future.

Outsourced Bookkeeping 211

Outsourced Bookkeeping Bookkeeping Services Bookkeeping Accounting 211

Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

Plooto

JANUARY 30, 2023

If you have any doubts about the importance of customer service and building solid client relations, consider the following statistic from a Harvard Business Review study: Increasing customer retention by 5% can increase profits from 25 to 95%.

Customer Service 98

Customer Service Accounting Accounting 98

CloudZero

JANUARY 30, 2023

When it comes to cloud costs, engineers have a particular reputation. The executive suite and finance department often share perplexing frustration about why engineers appear not to care about budgets and costs at all.

Budgeting 98

Budgeting 98

Insightful Accountant

JANUARY 19, 2023

Everyone wants to streamline their logistics. To help out, PACK & SEND's Nicholas Woodward shares the seven best accounting practices for managing your accounts effectively.

Management Accounting 111

Management Accounting Accounting Accounting 111

Accounting Today

JANUARY 10, 2023

Tax 279

Tax 279

Speaker: Debra L. Robinson

CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.

CPA