November, 2022

article thumbnail

Artificial intelligence needs more intelligence

Accounting Today

349
349
article thumbnail

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

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

article thumbnail

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
article thumbnail

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 With construction projects becoming more complex, outdated processes are no longer sustainable.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.

article thumbnail

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.

110
110
article thumbnail

Changing the face of public accounting

Blake Oliver

More Trending

article thumbnail

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.

XERO 277
article thumbnail

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.

article thumbnail

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
article thumbnail

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
article thumbnail

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.

article thumbnail

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
article thumbnail

FTX users can't count on help from the IRS

Accounting Today

Tax 324
article thumbnail

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.

XERO 262
article thumbnail

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.

article thumbnail

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!

article thumbnail

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.

article thumbnail

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.

98
article thumbnail

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.

article thumbnail

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

Accounting Today

Tax 321
article thumbnail

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

article thumbnail

Xero establishes a technology base in India

Xero

I’m excited to share that we’re establishing a Xero base in India, where there is deep technical talent, to enhance our existing hiring and development programs for technology roles. . Through a strategic partnership with Infosys , a global digital services and consulting company, we’re setting up a Xero-managed centre of technical talent at an Infosys campus in India. .

XERO 260
article thumbnail

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.

Accruals 184
article thumbnail

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.

89
article thumbnail

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.

98
article thumbnail

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.

article thumbnail

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.

AP 90
article thumbnail

Audit partners expect to see inflation ease in 2023

Accounting Today

Auditing 321
article thumbnail

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.

XERO 258
article thumbnail

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.

article thumbnail

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.

article thumbnail

B2B Sales & Marketing Tips to End the Year Strong

Enterprise Recovery

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.

article thumbnail

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
article thumbnail

Tax planning in an unpredictable political and financial climate

Accounting Today

Tax 312
article thumbnail

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

Accounting Today

CPA 312
article thumbnail

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.