July, 2020

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Byte Down Too: Build Cost Effective Infrastructure Like Netflix

CloudZero

Think of orgs with lots of data and it’s impossible to not think of Netflix. In a new Netflix Technology Blog , their Platform Data Science & Engineering team describe their data infrastructure "which is composed of dozens of data platforms, hundreds of data producers and consumers, and petabytes of data.” At this scale, cost-effectiveness is a critical matter of success and failure.

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Third Party Payments For A Particular Or Multiple Invoices – Without Creating Payee Master Record

SAP Accounts Payable

Hello and welcome to my blog post on Alternative Payee Update In Invoice Document. I will be highlighting the prerequisites and process flow of this functionality in this blog. Introduction:- Updating Alternative Payee in Invoice Document –> Check to be printed with ‘Third Party’ vendor using Transaction Code F110 or F-58. It is a normal business process where suppliers do reach out to their clients at 11 th hour to allow payments to ‘Third Party’ for their outstanding invoices.

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3 Ways to Help Your Business Emerge from Crisis Stronger and Smarter Than Ever

AvidXchange

The COVID-19 crisis is challenging businesses to refocus and opening up opportunities for them to reimagine their processes in order to work smarter and more efficiently. According to one of CNBC’s original “Fast Money Five” and heavy-hitting Wall Street veteran, Guy Adami , we’re still in the early innings of this crisis and a complete transformation of business as we know it.

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Prevent Fraud- false billing

CAAPS

Based on a Report from the ACCC False billing topped the list of reported frauds affecting business in 2019. False Billing is where a party sends your organisation an invoice requesting payment when none is due. This can be done by using an invoice from an existing supplier and changing the bank and contact details. Or it can involve sending an invoice from a ‘new’ supplier.

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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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BONUS | Rob Mars - The Global Passport

IMA's Count Me

Contact Rob Mars: [link] CMA Certification Overview: [link] IMA's Website: [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 today I'm sharing with you another bonus episode in our series. As hopefully you've recently heard on our podcast IMA's Senior Vice President of Certifications and Exams and Content Integration, Dennis Whitney, joined us again to talk about how

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How Blu Sky delivers real-time information to clients in the digital economy

Dext

Accounting firms are renowned for helping businesses stay compliant and file tax returns. But at Blu Sky Chartered Accountants, an award-winning accountancy practice based in Newcastle, the team recognised that they would need more than compliance services to serve their clients.

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Why Your Startup Needs a Professional Bookkeeper

Billah and Associates

Startups are often resource-limited and try to minimize their costs. It means that they want to do everything on their own – from hiring people to accounting. But sometimes, it pays to hire a professional bookkeeper if the startup wants to get a proper look at its financials. Your startup might have a lot of important things that must be taken care of.

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Automating Your AP: Game-Changing Solutions Offer More Than Just Technology for Association Managers

AvidXchange

Between managing HOA finances, maintaining properties and communicating with their association boards, management companies have a lot to juggle. Fortunately, there are cloud-based solutions that can automate the accounts payable (AP) and payment process. These solutions can create efficiencies that give you back much needed time and provide 24/7 visibility into your invoices and payments, enabling you to better meet the needs of your board members and property vendors.

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Tax Day is July 15. Still

Cloud Accounting Podcast

Sponsors Synder: [link] ClockShark: [link] BQE Core: [link] Show Notes 07:02 - Treasury Department, IRS will not extend Tax Day a second time - CNBC 07:09 - July 15 Filing Date — Not to Move – AICPA In March, the AICPA advocated to move the deadlines to October 15 - AICPA Some AICPA tweet (and replies) about the filing extension issue – Twitter 09:10 - Tax TeleGraf tweet on reasons you can control vs. can’t control : - Twitter 11:10 - IRS will not postpone July 15 deadline - Journal of Accoun

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BONUS | Dennis Whitney (IMA) - CMA Update!

IMA's Count Me

IMA: [link] CMA: [link] Exam Changes: [link] Update for CMA Candidates: [link] Coronavirus Update from IMA: [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 happy to bring you another bonus episode with, IMA's Senior Vice President of Certifications Exam and Constant Integration, Dennis Whitney.

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

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, 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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RSM Australia: How Sophie Shen Reduced Processing Times By 50%

Dext

Since implementing Receipt Bank, the century-old accounting firm RSM Australia has reduced the time spent processing documents and reviewing data by 50%.

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Revealing the Secrets of Kubernetes Costs: You Can Now Perform a Kubernetes Cost Analysis with CloudZero

CloudZero

I was speaking with a VP of Engineering friend at last year’s KubeCon about how to pitch Kubernetes to the C-Suite. The benefits for innovation were clear - containerized microservices empowered her small teams to deliver more value, more rapidly. As is often the case with Boardroom discussions, though, the question of cost was always next. Sure, they want you to innovate - as long as it’s within the constraints of a budget!

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Construction Leaders Confident in June Staffing Levels, Profit Margins, Sales

NACM

In times of such economic uncertainty, any sign of optimism can be a positive ray of light and, in this case, that is in the form of construction leader confidence. According to Associated Builders and Contractors' (ABC) Construction Backlog Indicator (CBI), construction leaders in the U.S. showed increased confidence in June as it pertained to sta.

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New Survey Results: Finance Professionals Are Stressed and Turning to New Technologies to Help

AvidXchange

The pandemic has changed the way we all live and work. Needless to say, it’s been tough to adjust to our new routines and irregular schedules, and to deal with not having access to the tools needed to maintain operations. That’s why we checked in with senior finance executives at more than 500 U.S. businesses to see how they’re holding up and what could make their work life better.

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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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Technology Reduces Accountant Stress During Pandemic

Cloud Accounting Podcast

Sponsors Accountant Connect: [link] ClockShark: [link] BQE Core: [link] Show Notes 06:40 – Faulty data collection raises questions about Trump’s claims on PPP program – Washington Post 10:41 – New York City Didn’t Get Fair Share of PPP Loans, Comptroller Report Says – Wall Street Journal 11:59 – Public Favors Small-Business Funds Going to Non-Chain Restaurants, Medical Groups, Private Schools - Morning Consult 13:18 – Kanye West says he’s running for president – POLITtransactions 13: 51 – La

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Ep. 79: Chris Wymbs - Innovation and Change with Strong Leadership

IMA's Count Me

Contact Chris Wymbs: [link] FULL EPISODE TRANSCRIPT Mitch: (00:05) Welcome back for episode 79 of Count Me In IMA's podcast about all things affecting the accounting and finance world. I'm your host, Mitch Roshong and today we will be hearing from Chris Wymbs, the Executive Vice President of Finance and Chief Accounting Officer for AMC networks. Chris has significant leadership experience at a Fortune 50 company and as a finance executive with a proven record of success and extensive background

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Ep. 78: Heather Bain - Survival Strategies for Small Businesses

IMA's Count Me

Contact Heather Bain: [link] Small Business Planning During COVID-19: [link] FULL EPISODE TRANSCRIPT: Adam: (00:05) Welcome back for episode 78 of Count Me In IMA's podcast about all things affecting the accounting and finance world. I'm your host, Adam Larson, and today you will hear my cohost Rouba talk with Heather Bain, owner of Bain CPA Business strategies, and IMA a Small Business Committee Chair.

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Ep. 77: Ron Guymon - The Evolution of Accounting Education

IMA's Count Me

Contact Ron Guymon: [link] Ron Guymon at U of Illinois : [link] IMA Data Analytics & Visualization Fundamentals Certificate®: [link] U of Illinois and IMA - Beyond the Basics: Data Analytics and Visualization for Accounting Professionals: [link] Ron's Articles Published: The Effect of Task Interdependence and Type of Incentive Contract on Group Performance: [link] Controls and the Asymmetric Stickiness of Norms: [link] FULL EPISODE TRANSCRIPT: Adam: (00:00) Welcome back for episode 77 of Cou

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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.

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BONUS | Nicole Hulet (CSU-Global) - The Balancing Act

IMA's Count Me

Colorado State University - Global: [link] CSU - Global's Online Master's Degree in Professional Accounting: [link] Contact Nicole Hulet: [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 am your host, Adam Larson, and I'm happy to bring you another bonus episode of our series.

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Ep. 76: Shaila Bettadapur - Future of Work

IMA's Count Me

Contact Shaila Bettadapur: [link] FULL EPISODE TRANSCRIPT Adam: (00:05) Welcome back for episode 76 of Count Me In, IMA's podcast about all things affecting the accounting and finance world. Technology had previously changed many roles and forced management accountants to upskill and grow at a rapid rate. Then recent events have caused the accounting and finance profession to evolve even faster than ever, but that only leads us to believe that the future of work will look even more different.

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BONUS | Linda Devonish-Mills and Derek Fuzzell - D&I in the Workplace

IMA's Count Me

Contact Linda Devonish-Mills: [link] Contact Derek Fuzzell: [link] IMA's D&I Toolkit: [link] FULL EPISODE TRANSCRIPT Mitch: (00:04) Welcome back to Count Me In IMA's podcast about all things affecting the accounting and finance world. I'm your host, Mitch Roshong, and today we have another special bonus episode relating to diversity and inclusion in the workplace during these challenging times.

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Pending Home Sales Jump in June

NACM

Pending home sales continued to surprise in June, posting back-to-back months of improvement. According to the Pending Home Sales Index from the National Association of Realtors (NAR), sales in June increased 16.6%. Pending sales are also up more than 6% from June 2019.

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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

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'Human Error' Heightens Cybersecurity Issues in US, UK

NACM

Human error is always a possibility in the decisions we make and unfortunately, it has played a significant role in cybersecurity hacks among U.S. and U.K. employees. According to Tessian's latest report, "The Psychology of Human Error," 43% of those surveyed said their mistakes caused cybersecurity-related repercussions for themselves or their com.

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New Home Sales Jump in June

NACM

New home sales are at a new high this year after outperforming expectations in June. The U.S. Census Bureau and Department of Housing and Urban Development announced Friday that new single-family sales increased 13.8% from May to a seasonally adjusted annual rate of 776,000 in June. This is also 6.9% above the June 2019 data, making it the best mon.

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Housing Starts Jump in June

NACM

U.S. housing starts have skyrocketed at their strongest monthly increase in nearly four years. Privately owned housing starts in June jumped 17.3% to a seasonally adjusted rate of 1.186 million, according to the Census Bureau and Department of Housing and Urban Development.

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'Buckling Global Supply Chains, Trade Tensions' Behind Increased Construction Input Prices

NACM

Construction input prices rose more than 2% in June, an increase that Associated Builders and Contractors (ABC) states are linked to "global supply chains buckling and trade tensions elevated." According to ABC's latest report, construction input prices rose 2.2%, while nonresidential construction input prices climbed a little higher to 2.3%.More t.

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Solve Your Firm's Automation Complexities Once and For All

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.

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Dodge Momentum Index Continues Downward Trend in June

NACM

Potential construction spending took a decent-sized hit in June. The Dodge Momentum Index, which measures construction projects in planning that leads to future nonresidential construction spending, from Dodge Data & Analytics declined 6.6% in June. "The Momentum Index has shifted noticeably lower as the fallout from recession continues to hold.

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Construction Confidence in New Business, Revenue Rattled in Second Quarter

NACM

Many construction jobs are still deemed essential during this time of economic uncertainty; however, that doesn't mean the industry is thriving. According to the latest results from the USG and U.S. Chamber of Commerce Commercial Construction Index (CCI), contractors' confidence in both new business and revenue expectations saw a significant declin.

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Surprise Decline in May Construction Spending

NACM

There was a surprise in the May construction spending numbers after the industry was one of the first to reopen and rebound from the pandemic. Wells Fargo Securities reported spending has declined nearly 6% since it peaked in February. Announced earlier this week, construction spending dropped 2.1% in May to a seasonally adjusted rate of $1,356.4 b.

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Who Didn't Get a PPP Loan?

Cloud Accounting Podcast

Sponsors AccountingSuite: [link] Jirav: [link] BQE Core: [link] Show Notes 00:18 – Hasan Does Tax ASMR, Patriot Act Digital Exclusive, Netflix – YouTube 03:47 – SBA, Treasury release names of some PPP recipients - Journal of Accountancy 05:01 – PPP millions went to firm identified in Ukraine money-laundering suit – Crain's Cleveland Business 05:11 – The billionaires who received small business loans from the government, plus everything else you missed in business news - CNBC After Hours Kany

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Travel and Expense Policy Success: Your Essential Checklist

Setting the stage for successful organizational change always begins with clear, thoughtful communication. When it comes to rolling out a new travel and expense (T&E) policy, establishing a well-structured communication plan is key to ensuring that all employees understand the changes and their impact. By following a step-by-step approach, you can guide your organization through the transition, fostering smooth adoption from the outset and improving compliance.