January, 2021

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Multi-Cloud Strategy vs. Multi-Service: A Smarter Cloud Approach

CloudZero

Multi-cloud has become a hot-button topic these days, with a lot of cloud experts taking a strong stance against the practice. There are exceptions and legitimate reasons why you might choose a multi-cloud strategy (e.g., you sell to customers who restrict you from hosting their data in AWS). Extenuating circumstances aside, there are far more reasons why multi-cloud isn’t a good idea.

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Planning High ACV Automated Billing and Revenue Recognition Models

Sage Intacct

The ultimate success of high ACV SaaS startups is tied directly to the CFO building the right model and financial system.

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A Deep Dive into Oracle NetSuite for Small Business Accounting

1st Step Accounting

As a tech forward accountant, I’m always looking for new tools to add to my toolbox to service my clients. Lucky for me, I had the pleasure of hosting a demo to check out Oracle NetSuite. They do have a new accountant program that you can check out and sign up for here. The first thing I learned during the demo was the fact that NetSuite was the first true cloud solution on the market.

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1099-NEC vs. MISC: How to Prepare for Next Week’s New IRS Deadline

AvidXchange

It’s tax season again and there’s something you should know — the IRS requires your company to file Form 1099-NEC (Non-Employee Compensation) to report non-employee compensation to the IRS one month earlier than in previous years. If your business paid an independent contractor more than $600 this year for services provided to your company in 2020, you’ll need to file a new Internal Revenue Service (IRS) tax form by Feb. 1, 2021.

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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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Ep. 107: Clive Webb - The Skills for the CFO of the Future

IMA's Count Me

Contact Clive Webb: [link] ACCA and IMA "The CFO of the Future": [link] FULL EPISODE TRANSCRIPT: Mitch: ( 00:00 ) Welcome to Count Me In IMA's podcast about all things affecting the accounting and finance world. I'm your host Mitch Roshong and I'm here to kick off episode 107 of our series. The role of the CFO has evolved and in turn the skills required of aspiring CFOs have changed too.

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Has Brexit Broken Your Xero Bank Feeds? 7 Ways to Deal with It.

FinOps.ie

Seems like Brexit is causing all sorts of problems in ways that we didn’t pre-empt. For small Irish businesses using Xero , one irritating headache that it’s created relates to using bank feeds. Xero’s Position on Irish Bank Feeds In late November 2020, Xero released the following statement: ‘Our ability to provide bank feeds for Irish banks is reliant on being able to ‘passport’ our UK- regulated status into Ireland’ [but with the Brexit transition period ending on 31 st December 2

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Project Management Series: What is Project Management?

SMB Accounting and Consulting

The term “project management” is often used in business to mean the general day to day actions associated with a project. This is only a portion of the overarching task of project management. Without a clear definition, projects can sometimes fail and there is not a clear reason as to why it happened. A trained project manager can add significant value to your business in addition to making sure daily tasks are completed.

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How To Become a Bookkeeper in 3 Easy Steps

Bookkeepers.com

If you’re looking for a lifestyle-friendly job, learning how to become a bookkeeper from home can help set you up for a great career! In this article: The Perks of a Virtual Bookkeeping Job How to Become a Bookkeeper from Home How to Become a Bookkeeper with No Experience The Perks of a Virtual Bookkeeping … How To Become a Bookkeeper in 3 Easy Steps Read More » The post How To Become a Bookkeeper in 3 Easy Steps appeared first on Bookkeepers.com.

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5 Ways AP Software & Automation Increase Control Over Finances

AvidXchange

As a finance professional, control over payments is always top of mind. So, it’s understandable to be concerned about losing control and taking on more risk by using accounts payable (AP) software and trusting automation. This blog highlights five ways automating your AP will help give you more control over your payment processes. 1. Better visibility and control You may be concerned that by hiring a company to handle these processes you won’t be able to track what’s going on with your payments

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Which is the best software for bookkeeping services?

Billah and Associates

Accounting and bookkeeping services in Toronto, enable small businesses to properly manage their accounts. As the business grows, managing accounts can become a challenge. Proper transaction management is necessary to know the true financial status of the business. When you hire a professional for bookkeeping services in Toronto, they can help you with accounts and management.

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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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Welcome to the FinOps Blog!

FinOps.ie

Welcome to the FinOps Blog. In this blog, we’ll be sharing content to help small business owners and office managers who want to build a smooth-running finance function for themselves. Here’s what you can look forward to seeing on the FinOps Blog: We’ll share information and best practices around daily financial operations for small businesses We’ll discuss the ins and outs of topics like management accounts, accounting software and tools, and streamlining your finance workflow We’ll write about

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SaaS COGS for VPEs: How to Help C-Suite Understand Important Metrics | CloudZero

CloudZero

When you lead engineering for a company running on AWS, every technical decision you make can have an impact on your profit margin.

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Spend Risk Examined: Discussing the Integrated Risk Strategy

Oversight

As we wrapped up 2020, we announced the launch of our “Spend Risk Examined” podcast series with our first episode, Finance Re-Transformation. Today, we’re excited to share that our second episode, The Integrated Risk Strategy, is now live and ready for listening at info.oversight.com/podcast.

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Jan 4, Monthend Bookkeeping | Procedures Manual

Bookkeeping Essentials

How to perform monthend bookkeeping tasks manual. 21 simple steps for work from home business owners who manage their own set of books. You can have accurate and timely internal financial statements.

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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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Accounts Payable Software Explainer: What Does it Do And How Does It Help Boost Your Business?

AvidXchange

As a finance professional, you may be struggling with your manual accounts payable (AP) paper processes and questioning what to do about it. Well, this accounts payable software explainer will help you get out from under tedious, inefficient data entry and on to more important matters. The fact is you don’t have to continue down this same difficult path.

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2023 Is the Year You Conquer Your Fear of Money Talk

FreshBooks

When I started my writing business, I avoided money conversations like the plague. Clients would ask me what my rates were and I’d change the subject by asking a question: “What’s your budget?” I told myself this was the right decision because it allowed me to gauge whether they were worth working for based on […] The post 2023 Is the Year You Conquer Your Fear of Money Talk appeared first on FreshBooks Blog - Resources & Advice for Small Business Owners.

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Ep. 108: Gary Piscatelli - Business Transformation for Today's Business Leaders

IMA's Count Me

Contact Gary Piscatelli: [link] Hunter Douglas: [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 this is episode 108 of our series. Today’s conversation features Gary Piscatelli, Senior Vice President and CFO of Hunter Douglas North America.

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SaaS COGS for VPEs: Helping C-Suite Understand Important Metrics

CloudZero

When you lead engineering for a company running on AWS, every technical decision you make can have an impact on your profit margin.

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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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Spend Risk Examined: Shifting Tides of Spend Risk During a Pandemic

Oversight

With 2021 in clear view, we continue to examine the complexities of spend risk in the current environment through our “Spend Risk Examined” podcast series. Our third episode, The Shifting Tides of Spend Risk During a Global Pandemic, is available now at info.oversight.com/podcast.

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Everything is Bigger in Texas — Including Tax Fraud

Cloud Accounting Podcast

Sponsors FreshBooks: [link] QuickFee: [link] Show Notes 02:12 - Do David and Blake have any 2021 resolutions? 04:38 - Apparently NASBA Offices Narrowly Avoided the Nashville Bombing [link] 05:54 - IRS taxpayer data wasn’t exposed in SolarWinds hack, says TIGTA [link] 08:07 - Sovos buys LTax [link] 08:51 - Tax Software Firm Avalara Acquires INPOSIA [link] 09:46 - RSM acquires MondayCall [link] 12:10 - FedEx Wraps Up ShopRunner Purchase [link] 17:00 - Justice Dept. charges Texas b

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Technology Market Growth Strong Despite Pandemic, AvidXchange Research Finds

AvidXchange

With 2020 behind us, businesses in the technology market have shifted their attention to the new growth opportunities they’ll be able to capitalize on in 2021. They’re focused on how to rebuild and drive growth while overcoming challenges with the new and massive remote working trend. They’re also thinking about which technologies to invest in to improve productivity, accelerate processes and improve customer relationships.

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Jan 6, CCPC - Canadian Corporate Income Tax

Bookkeeping Essentials

The Bookkeeper's Notes, part 1 on Canadian corporate bookkeeping and income tax for a CCPC.

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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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BONUS | Neil Baier - CMAs Making a Difference

IMA's Count Me

Contact Neil Baier: [link] IMA Launches Global Ad Campaign to Highlight How CMAs Make a Difference in Business: [link] Watch IMA’s “The CMA makes all the difference” television commercials on YouTube: [link] Neil Baier, CMA, CFM, VP of Finance at Crescent Crown Distributing, joins Count Me In as part of the "CMAs Making a Difference" campaign, a part of a worldwide initiative at IMA.

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The New Age of Cloud Cost Management: Cloud Cost Intelligence (And 8 Best Practices)

CloudZero

As companies are increasingly built in the cloud, cost management has become a major issue for many engineering teams. While cloud providers like AWS offer flexibility and easy scaling, cloud costs can be opaque and difficult to track.

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Construction Industry Ends 2020 with an Uptick in Jobs

NACM

The construction industry ended 2020 on a positive note with the addition of 51,000 net new jobs in December and a recovery of more than 79% of construction jobs lost since the pandemic struck the U.S. Nonresidential construction employment was behind the industry's gain, adding 29,000 net jobs.According to Associated Builders and Contractors (ABC).

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Filing Corporate Income Tax

Billah and Associates

Corporate tax deadlines are a little different than personal tax deadlines. For tax purposes, corporations can have year-ends that are not December 31st. Corporate tax return filings are due 6 months after the year-end For eg, a December 31, 2022 year-end would have a June 30, 2023, due date. For individual taxpayers, income tax returns are due on April 30, 2021.

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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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New Year’s Guide to Starting Fresh And Flourishing in Finance in 2021

AvidXchange

As the new year kicks off, many of us feel a renewed sense of optimism and anticipation for the possibility of what lies ahead as we leave behind a tumultuous 2020 and start fresh in 2021. In fact, 68 percent of leaders believe their business is in a good position to grow in 2021. We learned this from our new survey of 500 business leaders summarized in a new report titled Expert Insights for Peak Performance in 2021.

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Proof That Accountants Are More Productive Working From Home

Cloud Accounting Podcast

Sponsors Rewind: [link] Practice Ignition: [link] Bookkeep: [link] Show Notes 01:10 - Sage cloud accounting offline for entire week as SMMEs wait to file returns [link] 02:02 - Sage South Africa on Twitter: "?We’re really sorry that our customers are still experiencing problems with Sage Business Cloud Accounting. We understand this is causing serious disruption to our customers’ business and we are working round the clock, with our partners, to restore the service.

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Ep. 106: Loreal Jiles - An Agile Approach to Finance Transformation

IMA's Count Me

Contact Loreal Jiles: [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'll be kicking off episode 106 for you. As our series continues to grow and evolve, we try to target new topics and areas of interest for our listeners.

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Introducing Cloud Cost Intelligence for Snowflake

CloudZero

Here at CloudZero, we work with some of the top software-driven companies out there. Like us, they’re building their products on AWS, along with whatever best-of-breed providers and vendors meet their needs. It’s no secret that in recent years, Snowflake has seen — well, some serious success. For many companies, including CloudZero, they are the data warehouse provider of choice — and an essential component of delivering their products.

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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.