November, 2022

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Artificial intelligence needs more intelligence

Accounting Today

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Xero announces CEO succession, Sukhinder Singh Cassidy appointed

Xero

I’m pleased to let you know t hat today we announced the appointment of Sukhinder Singh Cassidy as Xero’s new CEO, on 1 February 2023. Sukhinder will succeed Steve Vamos who after serving almost five years as CEO, is retiring from the role and plans t o return to his previous portfolio in business coaching and leadership development as an advisor, director and investor.

XERO 290
professionals

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Happy Thanksgiving From AccountingDepartment.com!

Accounting Department

This year we're especially thankful for our clients and our team - it is their collective energy, positivity, and dedication to success that has made this such a great year.

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Understanding AWS pricing models: how to choose a strategy that helps optimize your cloud costs

FinOps in Practice

So, why is everyone so worked up about AWS and its pricing models? Well, it’s because it’s of utmost importance for literally all businesses that use Amazon Web Services to come up with a pricing strategy that will suit their needs but won’t hit the wallet. Luckily, Bezos’ brainchild offers various pricing models, which allow you to choose a suitable payment system, but at the same time may cause an embarrassment of riches and be a bit too confusing and complicated.

FinOps 130
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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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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.

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How SaaS CFOs Use Financial Data to Boost Profits

Sage Intacct

For many people, finance could be mistakenly viewed as playing a passive, historical role in the company. A common misconception thinks it is about number-crunching and accurately reporting past transactions and financial events.

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Changing the face of public accounting

Blake Oliver

More Trending

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It’s time small businesses get the support they need to thrive

Xero

Today, we presented our “ Small business. Big opportunity ” manifesto to the UK Government. In this report, we’ve made some crucial recommendations to deliver meaningful policy support to small businesses – the backbone of our economy. . At Xero, we understand the challenges our small business customers and accounting and bookkeeping partners face. And I’ve met many of you who’ve told me your worries.

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Looking to Improve Productivity and Efficiency? Automate.

Accounting Department

For many businesses, sudden bursts of growth may sometimes come at times that business owners least expect. Companies can go from small offices to corporate buildings and small commercial buildings to giant warehouses, but being prepared to do so is what makes the difference between growing and growing pains.

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How avoiding unrestricted traffic & security issues is possible with an access control model based on AWS IAM

FinOps in Practice

With so many different individuals across your organization dabbling in the cloud and making adjustments, it can be difficult to track, manage and secure. It can also present challenges to the already complicated process of cloud cost management and cloud optimization. User rights are a key piece to the puzzle, allowing you to assign different hierarchies so that only individuals who are meant to be within one facet or project within your cloud space have access to it.

FinOps 130
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Cloud Cost Takes Centerstage: How Airbnb, Netflix, And Twitter Plan To Optimize

CloudZero

Amid the first bear market in over a decade, the world’s largest companies are facing intense pressure to cut back.

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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

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How to onboard your accounting firm and clients to Plooto

Plooto

Thank you for choosing Plooto for your AP/AR automation needs. Plooto’s payment processing features have helped many accounting firms like yours automate their payment processing , cut costs, and save time for themselves and their clients.

AR 98
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FTX users can't count on help from the IRS

Accounting Today

Tax 324
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4 things you need to check out at AccountingWeb Live Expo

Xero

AccountingWeb Live Expo is taking place this week, with a huge number of the amazing accounting and bookkeeping community in attendance to enjoy keynotes, panels and mingling at an incredible two-day event. At Xero, we can’t wait to head to Coventry on the 30 November – 1 December and see so many of you in person. Here, we break down what we have planned for the event, and why you should come say hello at stand D20. .

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Free Yourself From Business Accounting by Outsourcing

Accounting Department

As the holidays approach, no business owner wants to be bogged down with accounting tasks, budgeting next year, or trying to prepare to close the books for 2022. Owning a business has many upsides to it, but one of the drawbacks for many is trying to keep track of the business's finances.

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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.

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SSI Wins Oracle Cerner 2022 Collaboration Award

SSI Healthcare Rev Cycle Solutions

SSI Wins Oracle Cerner 2022 Collaboration Award. November 9, 2022. Every year, Oracle Cerner honors its most innovative and meaningful partnerships, which are chosen based on superior performance and the impact the partner has on their clients. This year, the SSI Group, LLC (SSI) is pleased to announce that we were named the 2022 Collaboration Award Winner at the recent Oracle Cerner Health Conference.

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How Finance Can Instill An ROI Mindset In Engineering

CloudZero

Conventional wisdom states that SaaS engineers don’t care about costs. They care about building an optimal product, regardless of the dollar signs associated with it.

FinOps 98
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Building the Modern, Automated Accounting Firm

Plooto

It is a brave new world for accounting firms. New technology , pent-up client demand for advisory services, and ever-increasing compliance and regulatory oversight have created a new “business” mindset among accounting organizations — identifying clients’ needs and building the infrastructure to meet those needs.

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What the IRS's $80 billion in funding means for your tax return

Accounting Today

Tax 321
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How To Break Digital Transformation Barriers And Accelerate AI Adoption

Speaker: Anna Tiomina, MBA

AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?

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Helping UK small businesses to reach net-zero with Ecologi

Xero

We’re excited to welcome Bristol-based climate tech start-up, Ecologi , to the Xero App Store to support service-based small businesses in the UK to track and reduce their impact on the environment. . It’s more important than ever for the business community to play its part in protecting our planet. During the recently concluded COP27, there was an increased call during the summit for stronger action on net-zero.

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Accrued Expenses: Explained

Accounting Department

Accrued expenses, also known as accrued liabilities, refer to expenses that are recognized on the books before they have been paid. The expense is recorded during the period in which it is incurred, rather than when it is paid.

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How to Increase Forecast Accuracy with Automated Forecasting

Sage Intacct

Forecasting accurately across long periods is an indispensable skill for SaaS finance and RevOps departments. The further you can reliably forecast, the clearer your picture of your company's financial health will be.

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Cloud Costs From A Cloud Product Manager’s Perspective

CloudZero

As a cloud product manager, much of our jobs center around creating KPIs (or OKRs, if you prefer) such as sales revenue, freemium conversions, or customer stickiness, and encouraging development teams to hit product performance goals.

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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

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What’s the Best AP Software for Your Business? 5 Top Vendors Compared

Plooto

There’s the adage, “Life is expensive when you don’t know accounting.” An accounts payable software solution that’s not right for your business can also cost you dearly: inefficient workflows, high monthly fees, too advanced or too few features, to name a few.

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Audit partners expect to see inflation ease in 2023

Accounting Today

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Changes are coming to auto super in Xero Payroll: What you need to know

Xero

From late November 2022, we’re introducing a new safety measure for automatic superannuation (auto super) payments within Xero Payroll. This requirement will see new and existing customers connect an active bank feed to their registered auto super account. . Why? With this added layer of protection, we’re working to provide a safer way for you to process these payments to your employees.

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Remember These Tips When Outsourcing

Accounting Department

Outsourcing your accounting to a third-party service provider is a great idea for any business owner. However, when searching for the right fit for your company, consider these points so that you choose the best option for you.

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Maximizing Profit and Productivity: The New Era of AI-Powered Accounting

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

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B2B Sales & Marketing Tips to End the Year Strong

Enterprise Recovery: Accounts Receivable

While we typically write about the end-of-the-year processes for accounts receivable , year-end brings about its own stress for the sales and marketing teams. With quotas to meet and budgets to assess, the challenges can weigh on even the most seasoned professional. Here are four tips for B2B sales and marketing professionals to end the year strong.

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6 Examples Of FinOps KPIs That Will Improve Your Margins

CloudZero

Setting FinOps KPIs helps keep your whole organization aligned toward the same financial goals.

FinOps 98
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Tax planning in an unpredictable political and financial climate

Accounting Today

Tax 312
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INCPAS outlines 3 strategies to grow talent pipeline in colleges and universities

Accounting Today

CPA 312
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Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

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.