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Subscribe to Work Life Get stories like this in your inbox Subscribe. 5-second summary. Team cohesion is an important component of high-performing teams. Too much team cohesion can mean that individuals focus on coming to an agreement rather than finding the best idea. Encouraging a culture of healthy dissent can help prevent this – but only if team members feel psychologically safe.
In 2021, the most popular vendor in the cloud infrastructure services market, Amazon Web Services (AWS), controlled 32% of the entire market. To encourage more businesses to choose AWS, Amazon started a program to help accelerate migration — the AWS Migration Acceleration Program (AWS MAP).
It’s tempting to think that deploying SAP Ariba will solve all your invoice processing problems. But it doesn’t take long to realize that you might need a bit more help.
Back in December 2021, we invited Paul Aplin OBE to share his thoughts on basis periods. Here, Paul recaps the talking points from that webinar and looks at what’s changing and what you need to know.
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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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.
A common topic we receive a lot of questions about is related to ACH transfers vs wire transfers. Today both consumers & businesses have a wide array of options for paying their bills with accounts payable software. Lost in the seemingly endless options are the details of how those payments are actually executed, and what are the benefits & risks associated with making payments with each of these options.
Due to the American Rescue Plan, which was established last year, payment app providers like Venmo, PayPal, CashApp, etc. are all now required to issue you a Form 1099-K and report your earnings to the IRS for all business transactions of a combined total of $600 or more per year. This new law was created to make it tougher for someone to evade paying taxes they owe on business-related transactions.
Subscribe to Work Life Get stories like this in your inbox Subscribe. 5-Second summary. Psychologically safe work environments allow team members to feel that they can safely take calculated risks without fear of repercussions. A lack of psychological safety may deter people from speaking up about mistakes, knowledge gaps, or potential problems. When working remotely, you can promote psychological safety by being intentional about scheduling one-on-one meetings, asking open-ended questions, mode
Subscribe to Work Life Get stories like this in your inbox Subscribe. 5-Second summary. Psychologically safe work environments allow team members to feel that they can safely take calculated risks without fear of repercussions. A lack of psychological safety may deter people from speaking up about mistakes, knowledge gaps, or potential problems. When working remotely, you can promote psychological safety by being intentional about scheduling one-on-one meetings, asking open-ended questions, mode
At a growing SaaS company, cloud costs can change dramatically from month to month depending on the software you’re building, the number of customers you have, and how products are performing.
Charles H. Greenthal Management Corp., a New York-based property management company, uses the IPS accounts payable (AP) automation solution to enable strong growth, deliver excellent service to its clients, and ensure on-time, happy suppliers.
Great work starts with great data The advice you give clients is only as good as the data you’re working with. As well as alerting you to data that’s missing or simply not quite right, Dext Precision provides you with proactive insights, all of which mean your team can offer greater value to clients.
Are you feeling unsure about how to fill out Forms 1099-NEC and W-9? When the time of the year rolls around to prepare these forms, you might struggle to remember how exactly to go about it. In this article, I’ll explain how to fill out Forms 1099-NEC and W-9. Form 1099-NEC for Non-Employee Compensation. Non-employee compensation is reported in Box 1.
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
Accounting and bookkeeping are among all organizations’ most un-most loved activities. It may very well be enticing to hold back on your business accounting and heap it up until the furthest date of the tax season, just to complete it in a rush when the cutoff time is around the corner. That isn’t the method for maintaining a business! That’s when people start looking for bookkeeping services in Toronto to keep them in line with the taxation process.
Subscribe to Work Life Get stories like this in your inbox Subscribe. 5-second summary. Creating a strong, cohesive team takes intention and planning. Researchers have been studying team dynamics for decades. There’s a significant body of knowledge about which organizational structures provide the best results given the circumstances, goals, and personalities involved in a team.
As companies increasingly build in the cloud, cost optimization has become a major issue for many engineering teams. While cloud providers like AWS offer flexibility and easy scalability, cloud costs are often opaque and difficult to track.
While the pandemic changed a number of industries in profound and unprecedented ways, you’d be hard-pressed to find an industry more radically transformed than real estate. Reconfiguration of the residential and commercial real estate space has been widely covered, but AvidXchange’s AvidIndex, which analyzes millions of payments made across the AvidPay Network each quarter, showed an interesting trend emerging in the industrial warehousing sector.
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.
This post is about getting started with FinOps or, more specifically, how to cultivate a cloud optimization point of view and the obstacles you’re likely to face. If you’re interested in starting a FinOps practice within your organization, this is for you. FinOps Personas from the FinOps Foundation We’ve reached an interesting point in the still unfolding cloud era.
Do you own any cryptocurrencies? If so, it is wise to stay on top of tax laws and regulations that may impact your crypto investments. Will you need to pay taxes on your crypto? Due to the fact that the IRS classifies crypto as a capital asset (a significant piece of property), you will owe taxes when you sell crypto and make a profit. Similar to more traditional investments, such as stocks traded at a gain.
Following re:Invent 2021 and all the amazing announcements, there are so many new and exciting ways for customers to optimize cloud spend. This blog highlights some opportunities that customers could really benefit from, and offers guidance on how to take advantage of them, and, therefore, the savings. If you want to hear about other re:Invent announcements, check out the Top Announcements for AWS re:invent 2021 post or watch our re:Invent episode from ‘ The Keys to AWS Optimization – Twitch Ser
Subscribe to Work Life Get stories like this in your inbox Subscribe. 5-second summary. Workplace culture is the system of shared beliefs and behaviors that determine how an organization’s members interact and make decisions. Research shows that a toxic workplace culture can have a negative impact on productivity. The pandemic tended to amplify existing cultural issues.
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?
AWS resource tagging is fundamental for effective cloud cost management. By creating and allocating cost-related tags in AWS, you can organize and manage your resources according to keys and values that make sense to you. This helps you better understand your cloud costs and manage your spending.
For years, accounts payable (AP) automation wasn’t a consideration for Agynbyte LLC , a leading community association management company based in Bellevue, Washington. The AP department was happy with its in-house practices, and the company was enjoying steady growth. Then, Agynbyte acquired a local condominium management company with 25 associations leveraging AvidStrongroom from AvidXchange.
This post is about getting started with FinOps or, more specifically, how to cultivate a cloud optimization point of view and the obstacles you’re likely to face. If you’re interested in starting a FinOps practice within your organization, this is for you. FinOps Personas from the FinOps Foundation We’ve reached an interesting point in the still unfolding cloud era.
It is essential to reimburse yourself and your employees the right way. Having an accountable plan in place that follows IRS regulations benefits both a business and its employees by maximizing deductions and minimizing taxes. It allows for tax-free reimbursement of business-related expenses to officers and employees while being 100% tax-deductible for your business.
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.
If you’re here, you’ve likely heard of the 5 Minute Bookkeeping blog, and maybe the 5 Minute Bookkeeping YouTube channel , too. I love interacting with our community online, and I thought that for a change, you might want to see a behind the scenes look at how I put together the videos for my YouTube channel. Read on to see what happens behind the scenes at 5 Minute Bookkeeping and how these videos come about.
5-second summary. Failures and setbacks can destroy a team’s confidence, which, in turn, can impact their performance. Leaders can help people power through a crisis by employing three mental safeguards that keep the team from falling into a shame spiral. Once the dust has settled, teams should do some guided reflection to help them regain their confidence.
Most organizations migrate to the Amazon Web Services (AWS) public cloud from on-premises data centers. But others switch from another Infrastructure-as-a-Service (IaaS) platform to AWS. The most common reason we hear for choosing AWS is cost savings.
The advertising industry was hit hard by the pandemic, down more than $20 billion in 2020 , according to Statista. After a swift recovery, it’s predicted to experience exponential growth in 2022. As ad spending continues to climb and media buying and advertising agencies take on more work, what does it mean for staff that handles the invoicing and payments?
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.
E mployee Purchase Cards, or P-Cards, are work credit cards that allow employees to make smaller, routine purchases. P-Cards can lower operational costs by automating supplier payments and streamlining the overall procurement process, but they can also open the door to new risks like fraud and abuse.
4 MIN READ Tax season is here, and advisors are starting to take a more detailed look at their books in preparation for filing and sending financial statements to their tax accountants. Before you send anything to your tax professional, a little legwork in advance might just get you moved to the front of the line and makes a big difference in filing as accurately as possible.
Contact Dan Toma: [link] Outcome: [link] Dan's other podcasts: [link] [link] [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. This is your host Mitch Roshong, and I'm here to introduce our featured guest for episode 172 of our series. This conversation features Dan Toma, an innovation thought leader and the co-author of the award-winning book, The Corporate Startup and Innovation Accounting.
Subscribe to Work Life Get stories about tech and teams in your inbox Subscribe. In 1988, Hewlett Packard (HP) conducted an internal review of their software development processes and set a target to improve their code quality tenfold. To meet this ambitious goal, they tried a number of approaches. Eventually, they concluded that incorporating code reviews into the development cycle saved more money than resolving defects after they were found by customers. fyi.
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.
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