December, 2020

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Cliniko – Writing off bad debts

The Savvy Bookkeeping Blog

Most of us have had to do it at one stage or other – writing off an invoice issued to a customer because we are just never going to get payment. Writing off bad debts is relatively straight-forward in Cliniko.

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Common Accounting Mistakes: Government Edition - Issue #12 R&D

SMB Accounting and Consulting

Many small business federal contractors begin with research and development (R&D) contracts or grants as part of the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. These programs are offered by the government to encourage innovation with the potential for commercialization. These programs often result in technology or products that begin with government use and then become commercial items.

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What Gartner Gets Right About Cloud Cost Optimization (and Where They Miss) | CloudZero

CloudZero

Earlier this year, Gartner published “ How to Manage and Optimize Costs of Public Cloud IaaS and PaaS ,” by analysts Marco Meinardi and Traverse Clayton.

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Levering Your CFO to Drive SaaS Company Growth

Sage Intacct

Despite the role that CEOs, CTOs, and product managers play in a startup’s success, finance is the only department in a SaaS startup that touches every part of the customer journey. With a unique money-focused perspective, finance employees have access to data across every type of product and customer. So while SaaS CFOs are not the most talked-about startup leaders, they can have a huge impact on the business.

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Building a Business Case for Finance Automation

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.

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5 Accounts Payable Software Insights You May Not Know

AvidXchange

As a financial professional, you may have a general insight of what accounts payable (AP) software is and how it can benefit your business. But there may be key details you haven’t seen. Here are five important insights — that you may not be aware of — that can make a big difference in your understanding of this market. 1. Cost Savings Tend to Be Underestimated You’ve probably seen different numbers about the cost savings that AP automation can provide.

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WEBINAR: Hiring and Thriving with Remote Staff in 2021

accountingfly

Are you looking for best practices managing a remote team? You have come to the right place. On December 21, 2020, Accountingfly Co-Founder Jeff Phillips, walks you through the best practices of finding, selecting, and hiring remote staff, so you’re ready to grow your team. Learn how to optimize your remote accounting team, by motivating and managing your remote staff In these modern times.

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Common Accounting Mistakes: Government Edition - Issue #11 What is GAAP?

SMB Accounting and Consulting

Many small business government contractors are exempt from complying with cost accounting standards (CAS) and defined by the code of federal regulations (CFR). However, compliance with generally accepted accounting principles (GAAP) is required. What exactly is GAAP? GAAP are a set of accounting principles established by the Financial Accounting Standards Board (FASB) to provide clarity, consistency, and comparability of financial reporting and information.

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3 Times CloudZero Helped Real Companies Take Action With Cloud Cost Intelligence | CloudZero

CloudZero

Please note, for customer privacy we have removed any identifying information.

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Meka Leka Hi Meka Hiney Ho 2021 Is A Go

Cloud Accounting Podcast

Sponsors OnPay: [link] ClockShark: [link] Financial Cents: [link] Show Notes 4:05 - 2019 Predictions! Also, Isaac Asimov predicted the computer automation revolution, Mindbody to be sold, senators prod regulators on FinTech, and what’s new in QBO [link] 5:23 - Bookkeepers are embracing the role of trusted advisor [link] 7:07 - Elevate Messaging & Safety with Zoom Phone SMS, Reporting & E911 Enhancements [link] 8:13 - The best and worst 2020 predictions (and some of our own) [li

CPA 40
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Survey Reveals Widespread Distrust in Financial Data — Here’s How You Fix It

AvidXchange

We live in a sophisticated digital age where finance professionals have access to financial data we could only dream about 10 years ago. But surprisingly enough, there’s not much faith behind those numbers. In Trintech’s recent survey of global financial leaders, 40 percent said they don’t trust the accuracy of their financial data. In another report, Workday’s CFO Indicator Survey 2020 , 63 percent of CFOs reported frequent conflicting data between their finance and operations teams.

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Fall In Love With the Month-End Close

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.

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WEBINAR: Hiring and Thriving with Remote Staff

accountingfly

How do you manage a remote team? Is it different than my office-based team? YES. On January 25, 2021, Accountingfly Co-Founder Jeff Phillips, walks you through how to optimize your remote accounting team, including how to motivate and manage remote staff, how to organize and communicate with your team, and how to increase productivity. Learning Objective: Determine to get ahead with a remote accounting team Identify ways to manage and motivate your staff while working remotely Recognize how

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November Spend Insights Report Depicts Increase in Spend Risk

Oversight

Organizations continue to experience notable shifts in employee spending behaviors and trends during the current COVID-19 pandemic and almost universal transition to working from home. In our recent November Spend Insights Report, we shared some eye-opening findings uncovered during the third quarter of 2020.

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BONUS | Karmin Bailey - IMA's D&I Toolkit

IMA's Count Me

IMA Diversity & Inclusion: [link] D&I Toolkit Press Release: [link] The D&I Toolkit: [link] Contact Karmin Bailey: [link] Karmin Bailey, Senior Manager, Procurement & Business Diversity at Columbus Regional Airport Authority and member of IMA's Diversity & Inclusion Committee, joins Count Me In to talk about the IMA® (Institute of Management Accountants) Diversity and Inclusion Toolkit.

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3 Things Garter Says Are Difficult About Cost Management and Optimization That CloudZero Makes Easier

CloudZero

Earlier this year, Gartner published a report called “ How to Manage and Optimize Costs of Public Cloud IaaS and PaaS.”.

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Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

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.

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LegalZoom Launching Bookkeeping and Tax Services

Cloud Accounting Podcast

Sponsors OnPay: [link] ClockShark: [link] Ceterus: [link] Show Notes 3:56 - The Top 10 PPP changes in the pending Bipartisan Emergency COVID Relief Act of 2020 [link] 5:08 - LegalZoom Finance and Accounting Careers [link] 6:45 - LegalZoom Names Daniel Wernikoff Chief Executive Officer [link] 6:50 - LegalZoom Grows Leadership Team with Appointment of New Chief Product Officer and Chief People Officer [link] 7:07 - LegalZoom Names Shrisha Radhakrishna as Chief Technology Officer [link] 7:11 - Le

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AvidPay AP Software Liberates Housing Provider from Thousands of Paper Checks

AvidXchange

Erin Jaskiewicz, the accounts payable (AP) manager with Campus Apartments , was aware of the problems in her department that were preventing her company from achieving its growth goals. Luckily, AvidXchange’s AvidPay AP software helped set the company on a more efficient path to success. She and her teammates were routinely deluged with 800 paper checks to be processed each week for 250 vendors.

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Congress Closing in on Additional COVID-19 Relief

NACM

As of the morning of Dec. 17, Congress has yet to reach a final deal on the next COVID-19 relief package and omnibus government funding bill, but leadership worked through the night and has reportedly made significant progress. All signs point to a deal on Friday or over the weekend, averting a government shutdown and providing some COVID-19 relief.

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How to Get Professional Tax Return Preparation Services?

Billah and Associates

Tax preparation can be a challenging task. There are so many things involved. If you have the right idea about personal tax preparation, you can fill it with some hassle. However, filing corporate tax is tricky. For that, taxation services are of great help in minimizing the complications. Tax preparation Mississauga is helpful because of various factors.

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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

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.

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Ep. 103: Matthias Tillmann - Managing Industry Disruption & Crisis Management

IMA's Count Me

Contact Matthias Tillmann: [link] Trivago: [link] FULL EPISODE TRANSCRIPT Adam: (00:00) Welcome back to Count Me In , IMA's podcast about all things affecting the accounting and finance world. I'm your host, Adam Larson. And I'm here with episode 103 of our series. Today's expert guest is Matthias Tillmann, CFO of Trivago. In this episode, he speaks with Mitch about how COVID-19 crisis impacted the travel industry and speaks to the various crisis management plans he implemented to maintain oper

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Cost per Tenant: A Key Part of the AWS Well-Architected Strategy SaaS Lens

CloudZero

Multi-tenancy is one of the key properties of any effective SaaS solution. It gives companies the economies of scale, elasticity, and operational efficiency to offer competitive products with strong margins.

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PPP 2.0 and Everything You Need To Know with Justin Elanjian of Aprio

Cloud Accounting Podcast

Show Notes 2:58 - Additional Expenses eligible under PPP Loan forgiveness 4:42 - Tax implications of PPP forgiveness 07:15 - Simplified loan forgiveness applications and documentation requirements 10:12 - Allotment for the 2nd round of PPP funds 10:45 - Eligibility requirements for PPP 2.0 14:55 - The Top 10 PPP changes in the pending Bipartisan Emergency COVID Relief Act of 2020 [link] 15:55 - How Aprio's PPP team got down to business 19:00 - Find a wealth of PPP resources with Aprio's Covid

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Invoice Processing Delays Affecting More Than 50 Percent of Businesses During Pandemic, New Survey Finds

AvidXchange

AvidXchange recently surveyed more than 500 U.S. business leaders ranging from middle management to C-level executives to learn about their challenges and priorities as they gear up for 2021. Unfortunately, we weren’t all that surprised to learn 52 percent of those surveyed have experienced invoice processing delays during the pandemic. That same percentage (52 percent) said the process of securing payment approvals while working remotely was the biggest reason for those delays.

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Cash Flow Secrets Every Upskilled CPA Should Know

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.

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Steady Construction Input Prices Could Change in 2021

NACM

Contractors saw a 0.5% decline in construction input prices in November, a slight increase over the prior year. Although Associated Builders and Contractors (ABC) Chief Economist Anirban Basu described the price drop as "a natural growth of a strong economic rebound," there's still a possibility of a resurgence in prices next year.Softwood lumber w.

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The Evolution of Cloud Cost Optimization — and the Next Strategic Advantage | CloudZero

CloudZero

Every CEO is looking for an edge.

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What Is Profitable Innovation and How Can Your Business Achieve It?

CloudZero

In the context of businesses, the ultimate goal of innovation for technology companies is to drive a profit.

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2020 State of DevOps Report: The Newest Metric To Make It Into the DevOps Evolution

CloudZero

Every year, I look forward to the release of the annual State of DevOps report (that’s the kind of exciting life I lead!). The evolution and adoption of DevOps in the past decade has been incredible — and this report always helps show what’s the next big thing that high-performing teams are adopting. The 2020 State of DevOps report was just released a couple weeks ago and as usual, it was filled with all kinds of insights.

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Profit in the Details: Rethinking Spend for Monumental Impact

Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g

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2020 in Review: Turbulent Year Signals Turning Points in Fintech Industry

AvidXchange

Historians will undoubtedly look back on 2020 as a turning point in world history. It was turning point in global health conditions, in business dynamics, in the direction of markets and industries and in how and where people live and work. 2020 will also be remembered by business historians, and finance professionals such as yourself, as a turning point in the fintech industry.

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David and Blake Miss the Mark on PPP

Cloud Accounting Podcast

Sponsors OnPay: [link] ClockShark: [link] Synder: [link] Show Notes 3:31 - Apps We Love: November 2020 – Our Favorite Podcasts [link] 7:06 - Listeners let us know - sometimes, we miss the mark, especially when it comes to tax, audit, and even our favorite subject - PPP 11:19 - Mnuchin's Stimulus Includes Business Protections | PYMNTS.com [link] 13:42 - BeachFleischman names Majchrzak next CEO [link] 15:15 - The case of the extra paycheck | Tax Pro Center | Intuit [link] 17:58

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Ep. 102: Liv Watson & David Wray: Non-Financial Standards Digitizing Transformation and Sustainability Reporting

IMA's Count Me

Contact Liv: [link] Contact David: [link] IMA's Paper - [link] FULL EPISODE TRANSCRIPT Mitch: (00:00) Hey everybody, welcome back. This is episode 102 of Count Me In , IMA's podcast about all things affecting the accounting and finance world. I'm your host Mitch Roshong and I'm here to open up today's conversation by reintroducing you to Liv Watson & David Wray.

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BONUS | Kavya Ramesh - CMAs Making a Difference

IMA's Count Me

Contact Kavya Ramesh: [link] IMA Life: Earn What You Deserve, by Kavya Ramesh: [link] IMA Launches Global Ad Campaign to Highlight How CMAs Make a Difference in Business: [link] Watch IMA’s “The CMA makes all the difference” television commercials on YouTube: [link] FULL EPISODE TRANSCRIPT Mitch: (00:05) Welcome back to Count Me In , IMA's podcast about all things affecting the accounting and finance world.

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Navigating Bleisure Travel: A Guide for Mid-Sized Companies

Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.