June, 2022

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EY pays $100M SEC fine over CPA ethics exam cheaters

Accounting Today

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Xero App Store apps Australian small businesses should know about this EOFY

Xero

As we look towards the new financial year, it’s the perfect time to reflect on what’s needed to make FY23 the best year yet for your business. One element that shouldn’t be underestimated is the tools and technology in your repertoire. Why? Our Xero Small Business Insights report shows embracing digital tools can help small businesses accelerate their growth. .

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Navigating the Complexities of Hybrid SaaS Billing Models

Sage Intacct

The SaaS industry and its various spin-off sectors have introduced a dizzying number of innovations into the business arena. One of the most important of these is pricing flexibility.

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What is the future of accounts payable?

AP Association

The role of accounts payable staff has changed significantly over the past two decades as technology has continued to play an ever-increasing part in day-to-day duties. Today, AP employees are more likely to spend their time working at a computer, rather than chasing up paper invoices. As more aspects of AP processes are taken over by technology, the question is, what is the future of accounts payable?

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Breaking Ground on Better Payment Processes: Strategies for Construction Pros

Speaker: Timothy Allsopp

Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.

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The 15 Best Continuous Deployment Tools In 2022

CloudZero

Today's technology companies need to release quality features quickly and put them in users' hands even quicker. According to the State of DevOps Report , organizations with CI/CD tools deploy 208X more often and have a 106X shorter lead time than organizations without one.

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QuickBooks Connect: Everything You Need to Know

Future Firm

QuickBooks Connect is one of the most popular annual accounting conferences that’s geared toward QuickBooks users and accounting professionals. In this article, you’ll get: An overview of what this conference is all about. information about previous events. How much it costs to attend. Where you can find more information about the conference. … and more!

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Latest product news — July 2022

Xero

Our teams have been busy adding lots of value across our platform over the past month, including enhancements to Hubdoc, short-term cash flow, tax updates in the UK and more. We’re also getting some fantastic feedback on our latest features in new reports — especially sticky headers and report annotations. If you haven’t tried new reports yet, it’s a great time to give them a go.

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Tips to Boost Net Revenue Retention and Stop Churn in Its Tracks

Sage Intacct

If you’re a SaaS finance leader, your churn rate (the number of subscription cancellations you receive over a given period) is one of your most valuable performance SaaS metrics to track and improve.

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Conquer Monthly Bookkeeping in 5 Simple Steps as an Advisor

XY Bean Counters

4 MIN READ So you’ve got your books set up, perhaps in one of our Set-up & Training Workshops , now what? Keeping your books clean and up to date is important, especially in the highly regulated financial services industry. It can feel overwhelming when you first begin–I am here to give you some key tips and tricks to properly maintain your books.

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The 7 DevOps Lifecycle Phases: How To Manage Costs At Each Step

CloudZero

DevOps helps developers and operators work together to create high-quality software quickly. DevOps is a modern software development philosophy that uses various tools, processes, and people to get ideal results rapidly.

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The Growth Architect: How Financial Leaders are Unlocking Potential

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

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Future-Proofing the Office of the CFO: Borger Management’s Claudia Good Outlines ‘Stay-the-Course’ Approach to Remote Work

AvidXchange

This post is part of an ongoing interview series conducted by AvidXchange CEO and co-founder Michael Praeger. Make sure to follow along for new videos each month. As CEO and co-founder of AvidXchange, I’ve always had an affinity for jumping in another executive’s shoes to learn how they conduct their business. With that in mind, I’ve set out to talk to CFOs and other financial leaders throughout the United States to discuss how they’re adapting their management style, any industry predictions

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IRS adds options for electronically amending 1040s

Accounting Today

Tax 345
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How to nail end of financial year: A guide for Australia’s self-employed

Xero

It’s no secret that end of financial year (EOFY) comes with its challenges for many self-employed Australians. Whether you’re a sole trader, side-hustler or freelancer, understanding deductions to super and taxes – on top of running your own show – is enough to make anyone’s head spin. Thankfully, there’s a way to make sense of it all. How? By talking to your advisor. .

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Financial Reporting and Forecasting in a Multidimensional World

Sage Intacct

Even for seasoned SaaS CFOs that have been in the subscription revenue sector for years, reporting and forecasting can be daunting processes. Not to mention the tight deadlines finance teams frequently operate under.

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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

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Conquer Monthly Bookkeeping in 5 Simple Steps as an Advisor

XY Bean Counters

4 MIN READ So you’ve got your books set up, perhaps in one of our Set-up & Training Workshops , now what? Keeping your books clean and up to date is important, especially in the highly regulated financial services industry. It can feel overwhelming when you first begin–I am here to give you some key tips and tricks to properly maintain your books.

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What Is AWS Compute Optimizer? A Newbie-Friendly Guide

CloudZero

Rightsizing resources can optimize application performance and lower costs in the AWS. Contrary, over-provisioning AWS resources leads to unused capacity, which increases costs and cloud waste.

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The Four Step FCPA Compliance Checklist

Oversight

We entered a new phase in the fight against corporate bribery on June 21, 2022, when the UK company Glencore admitted to bribery after an investigation by the UK's Serious Fraud Office (SFO). The company also recently pled guilty in bribery investigations of several other countries including the U.S., making this a significant case of corporate bribery with calls for staggering fines to deter others from similar actions.

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Crowdfunding complexities may produce tax surprises

Accounting Today

Tax 340
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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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The next step in our journey towards a unified client record

Xero

If you’re an accountant or bookkeeper, you’ll know that having consistent information across your practice management tools is vital. That’s why we’re working hard to create a unified client record across Xero Practice Manager (XPM), Xero Tax, and Xero HQ. This will reduce double handling of data and give you confidence in the accuracy of your records, so you can become more efficient in your day-to-day work.

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How to Build Your SaaS Billing Model

Sage Intacct

One of the make-or-break factors in the success of any recurring billing company is the way it selects and implements its product billing model. There are several factors that contribute to the importance of SaaS billing.

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Outsourced Bookkeeping for Non-Profits – Is It Right For You?

OSYB

Running a non-profit organization is no easy task. There’s a seemingly endless amount of work that needs to be done. Managing employees, applying for grants, managing funds, and so much more. And then there’s bookkeeping. It’s a task that no business owner wants to deal with—including non-profit organizations. But it’s one of the most important aspects of a successful business, whether it’s a corporation, a dental practice, or a non-profit.

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7 Snowflake Alternatives to Help You Lower Costs

CloudZero

The Snowflake data cloud provides storage, reporting, and analytics for organizations that rely on their data to run their day-to-day operations. Snowflake has become a top data warehouse solution for its manageability, superior scalability, always-on data security, advanced analytics, and robust accessibility since its launch from stealth mode in 2014.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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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Preparing a Service-Based Business for Recession

Stephanie Peterson

Recessions are a natural part of the economic cycle and are unavoidable. On average, they typically last about a year but can cause significant harm to an unprepared business. During a recession, typically, unemployment rates increase, profit margins weaken, and credit is challenging to obtain. Service-based companies usually suffer the most during a recession as they commonly start seeing delays in payments from their clients, have a loss in clientele, and struggle to acquire new business.

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How accounting can adopt a ‘work smarter’ mentality through workflow automation

Accounting Today

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That’s a wrap on Roadshow Australia 2022!

Xero

What a hectic few years we’ve all gone through, and the accounting and bookkeeping community has undoubtedly faced some of its toughest challenges yet. What’s more, they’ve done it largely in physical isolation, working behind a screen and over the phone to keep small businesses – and sometimes, each other – afloat. So if there’s one thing we can all agree on, it’s that nothing beats #human connection.

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Financial Dashboards and Metrics for Software Companies

Sage Intacct

If you’re the CFO of a subscription billing company, you want to bring clarity to decisions, understand where to invest, and track cash-flow and SaaS metrics, in the chaos of dynamic, competitive markets. The best CFOs balance out this equation by giving their departments clarity and direction with SaaS metrics and role-based financial dashboards.

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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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Podcast – Episode #3 – Making FinOps Predictable Through Governance (Live edition)

The FinOps Alliance

In this live edition of our podcast, we invited our network to join us and ask your burning FinOps questions! The central topic is Making FinOps Predictable Through Governance. In this conversation we touch on being able to forecast your cloud spend and how to keep governance of your budgets and the various models you can use to maintain this. The post Podcast – Episode #3 – Making FinOps Predictable Through Governance (Live edition) appeared first on The FinOps Alliance.

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Regulating Cloud Costs: How To Implement Intelligent Spending Habits

CloudZero

Whether you’re a product manager, a marketing organization, or in finance, you’re probably using the cloud in some way.

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Independent Contractor Status vs. Employee

Stephanie Peterson

One of the most common errors a business can make is not having the correct status for a worker. The IRS is clear on what differentiates employees from independent contractors. There are three defining areas the IRS takes into consideration: behavioral control, financial control, and the parties' relationship. Behavioral Control: Employees Employees typically work specific hours as directed by their employer and at a location that the employer determines.

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Crypto crater prompts new tax headaches

Accounting Today

Tax 336
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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.