How AI is transforming accounting
Accounting Today
APRIL 29, 2024
A recent survey from EY found that 90% of respondents already use at least some AI in their work, and other recent developments around the technology.
April, 2024
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Intuit Survey: U.S. High School Students Want Financial Education at School
Intuit
APRIL 2, 2024
Financial education has the potential to improve the lives of millions of high school students by giving them the skills they need to make informed decisions. Yet according to Intuit’s Financial Education survey, most high school students today rely on their parents for any financial knowledge. The survey shows that there is a massive opportunity to fill this gap and empower the next generation by teaching financial education in our schools.
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Simplifying the Monthly Close Process with These Simple Strategies
Accounting Department
APRIL 3, 2024
The month-end is coming up and that means it is time to close. A monthly close can be a laborious process that is dreaded by some accounting and finance departments, but it doesn't have to be that hard!
So… what is carbon accounting?
Xero
APRIL 17, 2024
Understanding the environmental impact of your business is critical in today’s business environment — and carbon accounting is a fundamental step in this process. With carbon accounting increasingly becoming another compliance measure mandated by regulators, businesses of all types and sizes need to get their emissions numbers in order. This is particularly true if you’re a small business that provides goods and services to a larger organisation.
Forecasting Failures Are Costly: Here's How To Fix Them
Speaker: Dave Sackett
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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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.
Insightful Accountant's Top 100 ProAdvisors for 2024
Insightful Accountant
APRIL 29, 2024
Insightful Accountant proudly announces this year's Top 100 ProAdvisors along with our Emeritus ProAdvisors of the Year. Congratulations to all being recognized for this year's awards.
AWS Updates Savings Plans, Compute Optimizer, and Tagging
FinOps Foundation
APRIL 25, 2024
Key Insight: In March, AWS delivered four updates that help FinOps Practitioners tackle their top two key priorities this year , namely reducing waste or unused resources and managing commitment discounts. The recommended approach is to address both usage and rate optimization in tandem, and the FinOps Framework Domains have been updated to reflect that approach.
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Shop small, shop sustainably
Intuit
APRIL 22, 2024
Sustainability is becoming increasingly important for eco-conscious consumers as they seek greener products and ethical brands. Shopping at sustainable small businesses is beneficial for the environment and local economies, making it a win-win for people and the planet. We’ve compiled a list of small businesses that are committed to sustainability, from popcorn popped by the sun to compostable dryer balls.
The ADC Team Attends the 2024 EOS Conference
Accounting Department
APRIL 18, 2024
Last week, the AccountingDepartment.com team attended the 2024 Entrepreneurial Operating System (EOS) Conference in San Diego, CA.
What is labour productivity and how does it impact your business?
Xero
APRIL 9, 2024
If you or your clients are looking for ways to grow profits, drop prices or pay staff more, then one strategy is to lift productivity in your business. But what is productivity exactly (hint: it’s not about working longer hours), and how can you lift it in your small business or practice? What is small business productivity? Small business productivity is the measure of how much value a business can produce using the resources it has at its disposal (ie staff, capital, materials).
Purchasing & AP Automation for Schools and MATs Like Yours
Compleatable
APRIL 24, 2024
Join Compleat Education as we run through our purchasing and accounts payable automation software especially for schools and multi-academy trusts. We’ll go over ways to save your school/s time, money, and increase visibility on every purchase. The post Purchasing & AP Automation for Schools and MATs Like Yours first appeared on Compleat Software.
Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments
Speaker: Erroll Amacker
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
AWS Updates Savings Plans, Cost Optimizer, and Tagging
FinOps Foundation
APRIL 25, 2024
Key Insight: In March, AWS delivered four updates that help FinOps Practitioners tackle their top two key priorities this year , namely reducing waste or unused resources and managing commitment discounts. The recommended approach is to address both usage and rate optimization in tandem, and the FinOps Framework Domains have been updated to reflect that approach.
Technological transformation: Be mindful, purposeful, and flexible
Accounting Today
APRIL 24, 2024
Firms need to adapt to changes in technology at a pace that makes sense for them and their clients.
Simplifying Family Tax Credits: Why it Matters and What Can Be Done
Intuit
APRIL 8, 2024
We have recently seen quite a bit of discussion in Congress about family tax credits, and, in particular, the EITC and CTC. In fact, the US House of Representatives passed bipartisan legislation to expand the CTC, a proposal that according to some would benefit 16 million children from low-income families and in its first year, raising 400,000 children above the poverty line.
Unveiling the Power of Technology & Tips for Staying Ahead | Beyond the Books Podcast by AccountingDepartment.com
Accounting Department
APRIL 5, 2024
We are thrilled to announce that Episode 16 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.
Book of Secrets on the Month-End Close
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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.
Why we’re calling 2024 ‘the year of the US bank feed’
Xero
APRIL 28, 2024
Bank feeds are a great way to import transactions from your financial institution directly into Xero, so you can easily complete the reconciliation process. But the US is a pretty challenging market when it comes to providing high-quality bank feeds. There are more than 4,000 financial institutions, each with their own capabilities and nuances. To address this and help you get transactions into Xero more easily, we’ve been focused on improving the coverage and quality of our bank feeds.
Save money on every invoice you process with automated accounts payable software
Cevinio
APRIL 23, 2024
Automated accounts payable software transforms your business by cutting costs and boosting efficiency.
FinOps Maturity: Using the Model to Assess your Capabilities
FinOps Foundation
APRIL 23, 2024
Key Insight: The FinOps Maturity Model – often referred to by its stages “Crawl, Walk, and Run” – is a key component of the FinOps Framework. The goal for organizations is not to get to the “Run” stage across all Capabilities of the FinOps Maturity Model, but to perform each Capability at the appropriate level of maturity for your environment.
Commitment to DEI is a leadership imperative
Accounting Today
APRIL 17, 2024
Diverse teams and inclusive work environments produce better results.
How To Break Digital Transformation Barriers And Accelerate AI Adoption
Speaker: Anna Tiomina, MBA
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?
What is RouteWise? Accounts Payable Tools
Fidesic blog
APRIL 23, 2024
What is RoueWise? RouteWise by Fidesic is a visual workflow editor that makes it easy to setup and maintain invoice approval processes within your accounts payable department.
The Hidden Key to Profits: Understanding Opportunity Cost in Small Business
Accounting Department
APRIL 10, 2024
In the competitive world of small business, every decision can determine the trajectory of success or failure. One concept that lies at the heart of strategic business decisions but is often overlooked is opportunity cost. It's not just an economic theory; it's a practical metric that every small business owner and entrepreneur should master to make better choices and drive competitive advantage.
Looking for fresh ideas in your business? Why not try a hackathon?
Xero
APRIL 8, 2024
As nearly a thousand of our employees around the globe down tools this week for one of our twice-yearly hackathons, I’ve been reflecting on the purpose and benefits of this practice. Hackathons have been a fixture in the tech world for decades. But today the concept is widely utilised in fields as diverse as businesses, healthcare, education and social impact to solve some of the world’s most pressing issues.
8 Accounts Payable Trends to Watch
Cevinio
APRIL 18, 2024
How AI and RPA Are Transforming Accounts Payable Processes in the Year Ahead Introducing Our Whitepaper: “8 Accounts Payable Trends to Watch” In the dynamic landscape of financial operations, staying ahead means understanding the evolving trends shaping the future of Accounts Payable (AP). Our latest whitepaper delves into “8 Accounts Payable Trends to Watch: How AI and Robotics Are Transforming Accounts Payable Processes in the Year Ahead.” As businesses navigate through
The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience
Speaker: Melissa Hurrington
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.
Google Increases Speed, Granularity of Cost Data and Curates Approach to Anomaly Management
FinOps Foundation
APRIL 15, 2024
Key Insight: Fast cost data can mean more frequent Data Ingestion , which leads to faster decision-making ability in a FinOps practice. Helpful Anomaly Management means less noise and more news; Some vendors take a curated approach and surface fewer anomalies, while others deliver more alerts and allow you to dial down as needed. At Google Next ‘24, Google Cloud announced several new FinOps features.
Lights, camera, taxation! Accountants on screen
Accounting Today
APRIL 12, 2024
Some of our favorite CPAs of the silver and small screen.
Ascend Software Unveils Payments Automation Solution
Ascend Software blog
APRIL 10, 2024
Ascend Software, a certified Workday Financial Management partner and leading innovator in Accounts Payable Automation, is launching its latest offering, Ascend Payments. This new feature enables businesses to streamline payment processes, enhance operational efficiency, unlock significant cost savings, and turn supplier payments into revenue-generating opportunities.
Making the Switch to Outsourced Client Accounting Services
Accounting Department
APRIL 25, 2024
When you have a small or mid-size business, one of the issues you can run into is not having all the departments a larger company would have. In other words, you might not have dedicated employees for HR, accounting, and other areas.
Maximizing Profit and Productivity: The New Era of AI-Powered Accounting
Speaker: Yohan Lobo
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.
Xero to retire the Planday product in Australia; enters new Deputy Australia partnership
Xero
APRIL 28, 2024
We know how important time, attendance and scheduling (TAS) needs are for any small business. And for Australian employers, we know it is even more important because Australia has some of the most complex payroll compliance requirements in the world. Following a careful review of our current TAS solution, we have made the difficult decision to retire our Planday product on 30 September 2024.
Why Peppol power depends on AP integration
Cevinio
APRIL 16, 2024
Discover the transformative power of Peppol in e-invoicing and explore the importance of integrating your finance operations […]
Why a Reliable Data Lake Is Critical to FinOps Success
FinOps Foundation
APRIL 12, 2024
Key Insight: FinOps success results from getting FinOps practitioners, product teams, and engineers to think cost-first with architectural decisions, and that starts with clean, reliable data. One of Tim’s biggest challenges is bringing so much data together for analysis. Walmart built a data lake where they store several years of raw data in object storage so they can go back and re-parse it in different ways.
Tax season so far: Eclipsing last year
Accounting Today
APRIL 9, 2024
At 90,315,000, the number of individual returns received this tax season finally surpassed the same period last year, up 0.2% as of March 29, 2024.
Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense
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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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