Sat.Sep 21, 2024 - Fri.Sep 27, 2024

article thumbnail

How to Prepare for Economic Fluctuations as a Small Business

Enterprise Recovery

With the announcement that the Federal Reserve cut interest rates by half a percentage point, inflation and interest rates are a primary news topic. If you own a small business, these economic fluctuations can have significant impacts. Understanding these cycles is vital to anticipate changes in the market and adjust business development strategies accordingly.

80
article thumbnail

Is it time for accountants to integrate AI into their practices?

Accounting Today

Amid widespread adoption of traditional and generative forms of artificial intelligence, the looming question on the minds of many accountants is what diving deeper could mean.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A new Xero dashboard to elevate your advisory services

Xero

As a busy accountant or bookkeeper, we know you don’t always have time to go through each client’s books to proactively identify issues or opportunities. That’s why we’re thrilled to share that we’ve been testing a new client insights dashboard for advisors, which gives you a snapshot of the financial health of all Xero business edition clients, in one place.

XERO 237
article thumbnail

ADC Attends EO Nerve 2024

Accounting Department

Our team kicked off another year of EO events last week while attending EO Nerve. ADC Business Development Representative, Shawn Marcum, participated in the multi-day event in Atlanta, GA.

199
199
article thumbnail

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

article thumbnail

Making progress toward our employee and community True North Goals to power prosperity

Intuit

At Intuit, a way that we hold ourselves accountable to our mission to power prosperity around the world is to set measurable True North Goals to deliver for four key stakeholders. Our True North stakeholders are employees, customers, communities, and shareholders. We set ambitious True North goals to drive diversity, equity, and inclusion (DEI) initiatives for our employees and corporate responsibility (CR) initiatives for the communities we serve.

article thumbnail

ADP releases all-in-one generative AI platform

Accounting Today

ADP announced the release of its new generative AI-based platform Lyric, touted as an all-in-one platform for payroll, service and other human capital management needs.

Payroll 325

More Trending

article thumbnail

ADC Attends HubSpot INBOUND 2024!

Accounting Department

Last week, Andrea and Mike of AccountingDepartment.com's Marketing Team, traveled to Boston for HubSpot's INBOUND show.

206
206
article thumbnail

My Experience with Automation: Benefiting Every Industry

Compleatable

In my previous blog I gazed back wistfully at the times when we gleefully committed everything to paper and offices were crammed with lever arch files containing the 6-year life story of a finance department. However, prior to working for a company (Compleat) promoting AP Automation for customers using Sage, QuickBooks, Xero, NetSuite or Sage Intacct I was also involved in other software promoting better use of the earth’s resources.

AP 100
article thumbnail

Indian audit regulators spar on proposed change for companies

Accounting Today

A proposal aimed at enhancing auditor responsibility for preparing consolidated financial statements of companies, including subsidiaries, has led to a clash between two of India's accounting regulators.

Auditing 290
article thumbnail

Celebrating Xero success with sixth consecutive Canstar award

Xero

It’s an absolute honour to share that Xero has been awarded Canstar’s Most Satisfied Customer Award in the small business accounting software category, for the sixth consecutive year. This recognition is a testament to the support and trust we’ve earned from small and medium enterprises (SMEs) across Aotearoa New Zealand. We don’t take for granted the support we get from our small business customers, and I’d like to thank everyone who rated us number one.

XERO 179
article thumbnail

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.

article thumbnail

QuickBooks Enterprise Advanced Pricing Feature: All You Need to Know

Ace Cloud Hosting

Smart business owners and executives know how crucial the right pricing is for their organization. Effective pricing defines the value of your products and services and shapes the company’s overall.

article thumbnail

Best PDF Parser for RAG Apps: A Comprehensive Guide

Nanonets

Introduction In the world of AI, where data drives decisions, choosing the right tools can make or break your project. For Retrieval-Augmented Generation systems more commonly known as RAG systems, PDFs are a goldmine of information—if you can unlock their contents. But PDFs are tricky; they’re often packed with complex layouts, embedded images, and hard-to-extract data.

article thumbnail

Tax Strategy: 2024 year-end tax planning

Accounting Today

2024 has so far not produced significant tax legislation impacting year-end tax planning, but it continues to be impacted by legislation from prior years,

Tax 306
article thumbnail

The Importance of Communication in Debt Recovery

Enterprise Recovery

Building trust is paramount in the debt recovery process, and communication is the foundation of trust. Clients are more likely to cooperate and engage positively when informed about the collections process and their options. Clear and honest communication helps to demystify the debt recovery process, reducing any anxiety or confusion the client may have.

article thumbnail

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.

article thumbnail

Streamlining Payer Requests for Information: A Provider’s Guide

RevCycle

Hospitals are facing a growing threat to their bottom lines, namely payer requests for information (RFI’s). A study by Kodiak Solutions shows that the denial rate from initial RFI’s has increased by nearly 9% since 2022. The increase is not due to a decrease in data quality either, with Colleen Hall of Kodiak Solutions stating: “Our analysis suggests that health insurers are using RFI denials to simply slow down claims that they ultimately will pay, just to reap the benefits of paying more slowl

article thumbnail

The Future Of Bookkeeping: Building A Tech-Savvy Practice That Thrives

The Successful Bookkeeper

Bookkeeping is an industry that has been serving commerce for several thousand years–and it’s not going anywhere.

article thumbnail

FloQast rolls out unified platform for all solutions

Accounting Today

FloQast announced it has rolled its entire solution portfolio into the new Accounting Transformation Platform, and added a few new ones on top of that.

article thumbnail

Top 12 Features of QuickBooks Enterprise for Manufacturing Businesses

Ace Cloud Hosting

Effective accounting practices play an essential role in the success of any business, regardless of its size or the industry. QuickBooks Enterprise for the Manufacturing industry is a versatile and.

article thumbnail

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.

article thumbnail

Allowable Business Expenses: What SMEs in Singapore Need to Know

Counto

Allowable Business Expenses: What SMEs in Singapore Need to Know For small and medium enterprises (SMEs in Singapore), understanding allowable business expenses is key to optimising financial performance and minimising tax liabilities. By being aware of these expenses, you can enhance your tax planning strategies. Let’s explore the main categories of allowable business expenses that can help reduce your taxable income. 1.

Tax 52
article thumbnail

Understanding the Root Causes of the US Accounting Resource Shortage

Outsourced Bookeeping

Did you know? Over 600 U.S.-listed companies reported resource shortages in internal financial controls in 2023. What’s more surprising is that this shortage represents an unprecedented 40.3% increase from 2022. Unfortunately, this shortage has no immediate solution, as the supply side still needs to balance. In 2020 alone, accounting graduates dropped by 2.8%, while master’s graduates saw an 8.4% decline.

article thumbnail

PE is just the start of the changes coming for firms

Accounting Today

Beyond private equity lie a host of other acquirers and accounting firm structures — and not all of them will be good for the profession.

article thumbnail

Are Duplicate and Erroneous Payments Costing Your Company?

NextProcess

Are Duplicate and Erroneous Payments Costing Your Company? Here’s How Automation Can Help Don’t you hate it when you find out you overpaid for something or catch a wrong charge on your credit card statement? As irritating as that can be when it happens in your personal life, duplicate or erroneous payments can be even worse when they occur in the finance department of your company.

article thumbnail

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

article thumbnail

Maximising Opportunities: The Business Grants Portal for SMEs in Singapore

Counto

Maximising Opportunities: The Business Grants Portal for SMEs in Singapore As a small business owner in Singapore, navigating the myriad of funding options can be overwhelming. The Business Grants Portal (BGP) is designed to simplify this process, providing you with a wealth of resources tailored specifically for small and medium enterprises (SMEs).

Tax 52
article thumbnail

How to Automate Accounts Payable: 10 Steps 

AvidXchange

Automating accounts payable (AP) is an effective way to streamline your invoice approval and payment processes, reduce costs, and strengthen supplier relationships. Traditional AP processes can be time-consuming, prone to human error, and involve a lot of manual data entry. By adopting automation tools, businesses can simplify invoice processing, speed up approval workflows, and gain better visibility into payment cycles.

article thumbnail

By the numbers: Audits, cyber security and more

Accounting Today

Accountants weigh in on which companies have cyber vulnerabilities, states with the highest tax collections per capita and other key metrics.

Auditing 312
article thumbnail

10+ Strategies for Effective EC2 Cost Optimization

Economize

Amazon EC2 (Elastic Compute Cloud) instances offer flexible, scalable computing power for businesses of all sizes. However, this flexibility also introduces the challenge of controlling costs, especially when EC2 resources are not properly optimized. For organizations ranging from startups to large enterprises, fine-tuning EC2 instances is critical for balancing performance with cost-efficiency.

article thumbnail

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.

article thumbnail

How Open Banking Is Revolutionising Financial Services for SMEs in Singapore

Counto

How Open Banking Is Revolutionising Financial Services for SMEs in Singapore As a small business owner in Singapore, understanding the impact of open banking can unlock new financial opportunities. Open banking is transforming how SMEs access financial services, manage cash flow, and engage with personalised products. Here’s how: 1. Enhanced Access to Financial Services Securing financial support has often been a challenge for SMEs due to limited data visibility.

article thumbnail

Straight Through Processing (STP) in Insurance

Nanonets

The need for automation in the insurance industry is more pressing than ever. According to a recent study by Datos Insights , the insurance industry lags in terms of digitisation, with only 20% automation in underwriting and less than 3% automation in claims processing across sectors. This gap represents a significant opportunity for improvement and cost savings.

CPA 52
article thumbnail

How to unlock tax savings in incoming client portfolios

Accounting Today

Financial advisors can delight their newest customers by steering them away from the typical traps, deploying new strategies and using technology, experts said.

Tax 289
article thumbnail

Future Forward App Academy is Wednesday, October 2nd

Insightful Accountant

This is your opportunity for in-depth solution reveals, partnership participation, and questions and answers from the sponsors of this Fall's Future Forward Event. Learn about Xero, Qvinci and Quadient from product experts.

XERO 52
article thumbnail

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.