Sat.Dec 31, 2022 - Fri.Jan 06, 2023

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Here's Your Sign to Outsource in 2023

Accounting Department

Most business owners and managers are busy to the point that they overlook the signs that indicate it is time to outsource bookkeeping and/or accounting projects to outside specialists. Instead of attempting to do everything in-house, trust the bookkeeping services professionals to complete numbers-related projects on your behalf.

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Your AP Team Needs Help, But Do You Know Why?

Ascend Software blog

Explore your AP team’s day-to-day to maximize their potential and your enterprise overall According to a survey by Oracle , “strategic CFOs have stated that investing in new financial management technology is one of the most important goals for financial success.

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IRS audit rates declined further in 2022

Accounting Today

Auditing 317
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New Year’s Goals. Ditch the Siloes.

SAP Accounts Payable

As we take the time to get back into the swing of things and dig ourselves out of backlogged emails, we reflect on what we were able to accomplish last year while looking forward to our goals for 2023. Did you close that big deal you were hoping for in Q4? Or were you able to hit those last-minute cost savings objectives? Is part of your 2023 goals to improve your internal collaboration across silos?

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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

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The Financial Close Process Explained

Accounting Department

With 2022 behind us, it's time to start focusing on closing the books for the year and putting 2023's goals in the sights of business owners. Closing the books is a critical business process for many reasons. Doing so leads to the data needed for the creation of financial statements that can guide strategy and decision-making for business owners.

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What Is Kubernetes HPA? A Guide To Pod Autoscaling In K8s

CloudZero

It's hard to predict the precise amount of resources a new Kubernetes workload requires for optimal performance. And, as your workload evolves, that initial resource consumption will also change. Fortunately, Kubernetes supports scalability by default.

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Post Vendor and Customer Invoices Using PaPM’s Remote Function Adapter Finance Accounts Payable and Receivable

SAP Accounts Payable

It’s time to present the next Remote Function Adapters (RFA) delivered by SAP Profitability and Performance Management (PaPM), namely the RFA Finance Accounts Payable (RFA FI-AP) and RFA Finance Accounts Receivable (RFA FI-AR). These RFAs, along with other functions provided by PaPM, such as allocations, calculations, joins, can facilitate various business processes of calculating values and immediately booking them as for instance Accounts Payable and Receivable.

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Changes to Lease Accounting Rules (ASC 842)

SMB Accounting and Consulting

New rules are going into effect for lease accounting which may change how small businesses who follow Generally Accepted Accounting Principles (GAAP) think about and reporting leases. Under the old rules, financial reporting requirements were determined based on whether a contract was considered a capital or operating lease. Capital leases were leases of equipment or large assets.

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The Year Ahead

Insightful Accountant

Canopy's Tax Resolution Subject Matter Expert Jason Penninger provides his thoughts on what the accounting profession might expect to see in 2023.

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IRS refunded $14.8B for unemployment compensation exclusion

Accounting Today

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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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Losing Accountants? Here's How to Help Your Accounting Team

Enterprise Recovery

The Wall Street Journal is reporting that the number of accountants and university students that are studying accounting is falling. The long hours, especially during tax season, are turning off young recruits. Enterprise corporations are offering college credits and higher pay to entice more people into the field. Let's evaluate what accountants do at your business and what to do when your accounting team is dwindling.

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The 7 Best FinOps Blogs, Books, And Other Resources

CloudZero

There are almost as many reasons for learning FinOps practices as there are resources available to learn from.

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What About QuickBooks Card Readers?

Insightful Accountant

Someone wrote in asking about the different types of QuickBooks card readers for use with Payment Services. Which one do you have?

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IRS updates guidance on R&D expensing after Congress fails to delay change

Accounting Today

Tax 279
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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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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4 Ways to Future-Proof the Finance Team

MineralTree

The Current State of Finance. There’s no debating that the COVID-19 pandemic has shifted how companies operate. Faced with staff cuts, the Great Resignation, and supply chain issues, executive teams must now carefully strategize how to propel their companies in the right direction. So where are they setting their focus in the new year? According to data from Gartner , the top three most difficult tasks for CFOs to manage in 2023 include: hiring and retaining staff (54%); forecasting (36%); and c

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Amazon Sagemaker Pricing Explained: A Guide For 2023

CloudZero

Amazon SageMaker makes it easy to prepare data for machine learning (ML) and then train, deploy, and modify ML models. SageMaker is a fully managed service that automates much of the ML lifecycle. So, if you want a single partner to help you through all stages of your Artificial Intelligence (AI) lifecycle, SageMaker might be the answer.

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How to Build A Six-Figure Firm On Instagram

Earmark Accounting Podcast

Thanks to our sponsor, Accountests for making this episode possible! To learn more about Accountests, 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, Sandra York LinkedIn: [link] Follow Sandi on Instagram: [link] Learn more about Fit Money Coach Website: [link] Connect with Blake Oliver, CPA LinkedIn: [link] Twitter: [link] Sandra York, CPA, burned out as a senior manager at a Top 100

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Audit committees eyeing new rules from the SEC and PCAOB

Accounting Today

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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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Getting Ready for Increased Business Travel with a New Expense Management System

NextProcess

All companies need methods for handling reimbursement of employee expenses. For small companies, this is typically a simple system. Employees save their receipts, and the business issues a payment. As a company grows, though, managing expenses becomes more complicated. For organizations with hundreds or thousands of employees, it’s nearly impossible to process all the expense reports using a manual, paper-based system.

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Jan 4, U.S. Self Employment Income - Self Employment Tax

Bookkeeping Essentials

Self employment income is subject to U.S. self employment tax. updated to 2023. You'll find information on estimated taxes, standard mileage rates and U.S. rules for business use of your car.

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6 Ways to Improve Tight Margins in Your Restaurant

SLC Bookkeeping

With the past two years of Covid behind us, we would all hope to start seeing great margins come back. However, even in a post-Covid time, there are still a lot of things that are jeopardizing those margins. Things like higher food costs, supply problems, and consumer behaviors have changed. Restaurant owners now see trends of even tighter margins in the industry.

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Art of Accounting: Nine predictions for the future

Accounting Today

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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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The 7-Step Pathway to Reducing Your Workload

Future Firm

You may be starting an accounting firm and unsure how to build it without burning yourself out, or you may have a 6- or 7-figure firm where you’re working too much. I’ll share a 7-step path you can follow to significantly minimize your workload. Listen Below. 1:17 – The goal of each step will be to better systematize your business and/or significantly shield your time from areas that you should not be involved in. 2:00 – Step 1 in the pathway to reduce your workload is to

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How to Choose the Right Accounting Software for Your Needs

Counto

How to Choose the Right Accounting Software for Your Needs Starting and running a small business can be daunting. Accounting software, in conjunction with key accounting practices , can help you manage financial data and ensure that your company runs smoothly and efficiently. There is many accounting software for small businesses in Singapore. However, knowing which to choose can be challenging.

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Why can't accountants work 40-hour weeks?

Blake Oliver

Me: "Why can't accountants work 40-hour weeks?" Grizzled Director/Partner: "Because accounting is deadline-driven. Unless you change the deadlines, you can't change the busy season." That's the number one argument I hear against the 40-hour week for accountants. Maybe that was true in the past, but it isn't true today. There's tech your firm can buy TODAY that will cut your workload by 20% or more.

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The economic forecast for accountants

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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Controls Aren't Enough to Prevent Cash Leakage in Payables

Oversight

If you’ve worked in Accounts Payable (AP), you know how easy it is to miss-key invoice details, submit multiple entries for the same invoice, and deal with lost discounts due to inefficient approval processes. Even the slightest detail, such as an extra digit in the dollar amount, or a transposition of numbers, can result in unnecessary cash leakage.

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How to Choose the Right Accounting Software for Your Needs

Counto

How to Choose the Right Accounting Software for Your Needs Starting and running a small business can be daunting. Accounting software, in conjunction with key accounting practices , can help you manage financial data and ensure that your company runs smoothly and efficiently. There is many accounting software for small businesses in Singapore. However, knowing which to choose can be challenging.

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Ron Baker: Audits are Useless

Blake Oliver

Audit is "completely irrelevant" and "useless." That’s according to accounting thought leader, Ron Baker. As you can tell from the clip above, Ron's not too impressed with the audit these days. Ron Baker joined me and David Leary on the Cloud Accounting Podcast to talk about crypto and the role of auditors in protecting investors and the public. Ron's got a point— The latest Public Company Accounting Oversight Board (PCAOB) inspection of 2021 audits found that 55% of audits are defective — and O

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Tax havens obscured at least $1.4T of foreign investment in China

Accounting Today

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Solve Your Firms 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.