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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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.

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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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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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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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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.

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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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AWS Savings Plans: What They Can (& Can’t) Do For Managing Cloud Costs

CloudZero

It has been nearly a year since Amazon Web Services (AWS) first rolled out its new savings plans. AWS Savings Plans were created to help manage cloud costs; however, they are best used as part of a larger strategy focused around cloud cost intelligence. (Keep reading for more on that!).

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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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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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Building a Business Case for Finance Automation

Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.

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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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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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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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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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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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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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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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Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.

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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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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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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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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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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

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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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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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Promising End to 2020 Housing Starts Don’t Guarantee 2021 Success

NACM

The construction industry ended 2020 on relatively good terms, specifically in regards to housing starts. Despite the hit to the multifamily sector—which decreased 13.6% in December—the National Association of Home Builders (NAHB) reported that gains in single-family housing starts led to an increase in overall housing starts of nearly 6%.Acco.

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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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Cash Flow Secrets Every Upskilled CPA Should Know

Speaker: Debra L. Robinson

CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.