Sat.Nov 19, 2022 - Fri.Nov 25, 2022

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Happy Thanksgiving From AccountingDepartment.com!

Accounting Department

This year we're especially thankful for our clients and our team - it is their collective energy, positivity, and dedication to success that has made this such a great year.

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Baker Tilly reaches Xero Platinum Partner status in Canada

Xero

We’re incredibly excited to share that Baker Tilly Canada has achieved Xero’s Platinum Partner status, which demonstrates the audit, tax and advisory network is helping to lead the way with the future of cloud accounting in Canada. After this new partnership milestone was signed, we were thrilled to attend Baker Tilly Canada’s annual partners conference in Vancouver, where we shared the news and celebrated with attendees.

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What the IRS's $80 billion in funding means for your tax return

Accounting Today

Tax 321
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Cloud Costs From A Cloud Product Manager’s Perspective

CloudZero

As a cloud product manager, much of our jobs center around creating KPIs (or OKRs, if you prefer) such as sales revenue, freemium conversions, or customer stickiness, and encouraging development teams to hit product performance goals.

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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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Free Yourself From Business Accounting by Outsourcing

Accounting Department

As the holidays approach, no business owner wants to be bogged down with accounting tasks, budgeting next year, or trying to prepare to close the books for 2022. Owning a business has many upsides to it, but one of the drawbacks for many is trying to keep track of the business's finances.

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How promoting the role of accountants and bookkeepers can drive small business growth

Xero

In the House of Lords last week, I watched as we launched our manifesto to support small business recovery. Surrounded by our amazing accounting and bookkeeping partners and small business customers, I understood the magnitude of what we are fighting for. . It was great to be able to connect many with their local MPs and take their issues directly to them during the event.

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Building An Offshore Team in the Philippines: From 0 to 15 Staff in 4 Years

Earmark Accounting Podcast

Many thanks to our sponsor, LiveFlow! To learn more about LiveFlow, visit [link] Sign up to get free CPE for listening to this podcast [link] Download the Earmark CPE App Apple: [link] Android: [link] Connect with Our Guest, Argel Sabillo, CPA LinkedIn: [link] Learn more about DTLA CPA Website: [link] Visit heyApril: [link] Connect with Blake Oliver, CPA LinkedIn: [link] Twitter: [link] Argel Sabillo, CPA, left Deloitte to start his own accounting and tax firm, hiring offshore staff from the s

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Use QuickBooks Online Effectively: 7 Best Practices

Reconciled Solutions

Here are seven ways you can be safe, compliant, and productive when you’re using QuickBooks Online. “Best practices” is a phrase that human resources professionals. The post Use QuickBooks Online Effectively: 7 Best Practices appeared first on Reconciled Solutions.

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That’s a wrap for Xero Roadshow Singapore!

Xero

It was an absolute privilege to speak at my very first Xero Singapore Roadshow last week – our first major in-person event in nearly three years. What an incredible day it was, meeting the more than 750 accountants and bookkeepers who showed up to engage with the community, share their knowledge and expertise. An extra special thank you to all those who travelled from Hong Kong, Malaysia, the Philippines, Indonesia and elsewhere in the region to attend. .

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IRS warns about 1099-K compliance

Accounting Today

Tax 279
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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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Top 11 Questions to Ask in an Accounting Interview

Analytix Finance & Accounting

Growing your team with the right people is crucial because of the effort and value they add to project and client management. The success of your business relies on good employees, including (and especially) accountants. Treating employees with the utmost respect and giving them the best workplace would allow them to improve their productivity. In addition to helping your employees, create a healthy workplace and offer them flexibilities to retain your best talents longer.

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The Ultimate RDS Instance Types Guide: What You Need To Know

CloudZero

Amazon’s Relational Database Service (Amazon RDS) offers a variety of database instances, which can be confusing at first. In this guide, we'll clarify what each RDS instance class, family, type, and size means in under 15 minutes.

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App Partner Stories: Supporting a (robotic) bird’s eye view of analytics (literally)

Xero

Xero app partner Projectworks has been working closely with Aerium Analytics , a Calgary-based technology company that uses data automation and analytics to provide geospatial intelligence, inspection, and wildlife management services using aerial drones. . Aerium is focused on three main products: Foreign Object Debris Detection (FOD). Runway Marking Analysis.

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IRS posts info on required amendments for 403(b) plans

Accounting Today

Tax 278
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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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SuiteWorld #5: Meltdown Free Manufacturing and Distribution

Cloud Accounting Podcast

Meet Our Guest, Connor Wray LinkedIn: [link] Learn more about JonnyPops Website: [link] Need CPE? Subscribe to the Earmark Accounting Podcast: [link] Get CPE for listening to podcasts with Earmark CPE: [link] Get in Touch Thanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes , or Podchaser.

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Using the right tools for your cloud cost forecasting

AWS FinOps

We’re at the final blog of our forecasting series! If you’ve been following along the past few weeks, you have explored creating a process for more effective forecasting , establishing a forecasting culture , and building driver-based forecasting. It is now time to put pen to paper and create your forecast. But where do you start? How do you know how much your workload will cost in the future?

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How UK sole traders can ease their financial admin burden with Xero Go

Xero

In my role as GM of Xero Go, I speak with sole traders, accountants and bookkeepers and have learned so much about the ups and downs of running a business solo. I’m always so inspired by anyone who takes the brave step to start their own business. I love the passion and determination they so often display and know how challenging it can be, particularly over a sustained period. .

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Year-end tax planning must-dos for clients

Accounting Today

Tax 278
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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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Product Update: Spenmo's New Accounting Page

Spenmo

As an accountant in practice or as part of an internal finance team, you need to be able to close books quickly, maintain compliance obligations, and routinely gather insights to improve business performance. This latest upgrade to Spenmo's accounting page will help you to more accurately account for company expenses from bills, employee reimbursements, and corporate card charges, enabling you to close your books and generate financial reports in no time.

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Accounting Isn’t a Stand-Alone Activity

SMB Accounting and Consulting

When clients start with us, they often question the amount of information that we request. “My old bookkeeper didn’t ask for all this” is a statement we hear often. Managers want to hand off their accounting and let it happen in its own vacuum. Unfortunately, this isn’t quite how accounting functions. The accountant or bookkeeper can’t effectively do their job and the manager has inaccurate financial data to make business decisions, provide to potential investors, or financial institutions for l

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5 Proven Ways to Improve Business Cash Flow

Plooto

Many problems for small businesses and startup owners relate to cash flow. In fact, 82% of small businesses fail due to cash flow problems.

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KPMG Australia appoints first-ever head of metaverse future 

Accounting Today

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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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An accountant learns the truth about game theory

Accounting Fun

There was an expert accountant who was well versed in game theory. He heard that his intelligent niece, who was five years old, always took a 50p piece, when a choice between a 50p piece and a pound coin was offered to her. He went to see his niece and offered her just such a choice. She took the 50p and said "Thank you Uncle". The accountant tried to explain to his niece "You must understand, a pound coin is twice as valuable as a 50p piece, so you should always choose the pound coin.

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A Ponzi For The People

Cloud Accounting Podcast

Sponsors Relay - [link] Liscio - [link] Canopy - [link] Need CPE? Subscribe to the Earmark Accounting Podcast: [link] Get CPE for listening to podcasts with Earmark CPE: [link] Register to attend the Cloud Accounting Podcast Party during QuickBooks Connect 2022 in Las Vegas: [link] Show Notes Register to attend the Cloud Accounting Podcast Party during QuickBooks Connect 2022 in Las Vegas: [link] 9:16 – FTX’s Balance Sheet Was Bad [link] 13:00 – Twitter: How bad were FTX’s internal controls

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Case Study: Ricky Duquette, Rickyel Solution de Gestion

Dext

Specialist in the implementation of accounting and bookkeeping software, Rickyel Solution de Gestion needed to eliminate time-consuming manual data entry and open up capacity to help more clients. Co-founder Ricky Duquette found a way to save up to four hours per client and increase revenue by 10%.

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Tax Fraud Blotter: Fallen stars

Accounting Today

Tax 264
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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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Black Friday Sales Will Reveal State of US Economy

NACM

A big question about this year's Black Friday remains: will sales surpass last year as consumers search for deals or will sales plummet amid red hot inflation? "Industry groups are predicting another record year of retail sales, with the National Retail Federation forecasting a jump of 6% to 8% over the $890 billion consumers spent online and in st.

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Paying Taxes as a Digital Nomad

Less Accounting

One of the most alluring things about freelancing and self-employment is the flexibility to work from wherever you want. Globally, there are nearly 35 million digital nomads with 15.5 million of them coming from the U.S. For those from the U.S., tax season may come with unique challenges depending on what state you have residence in, which countries you’ve stayed in, and how long you’ve been there.

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Deducting gifts to charities requires strict compliance

Accounting Today

Tax 264
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First accounting firm with HQ in metaverse is sued over FTX meltdown

Accounting Today

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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.