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Below is the message shared with all Xero employees today Dear Xeros Over the past few weeks, as I have stepped into the CEO seat, we have had several conversations about Xero’s strengths and significant market opportunities. We have also talked candidly about our challenges following the rapid scaling of the company. As we look to the next phase of Xero’s growth, many of you have asked me what change is needed for us to simplify focus, strengthen our execution and balance growth with profitabi
AccountingDepartment.com is proud of our amazing, hard-working, dedicated women who make up the bulk of our team and for this International Women’s Day, we would like to take a moment to thank all of these women that keep us moving forward on a day-to-day basis. Our female team members have made an incredible impact on our business over the years and we would not be where we are today without them!
In the ever-changing job market, you can still be looking for career growth opportunities to help you get from where you are, to where you want to be. Those career goals might be seeking a raise or promotion, improving your skill set, switching careers, or expanding your professional network. Whatever your goal, here’s some career advice from four Intuit recruiters who recently shared how to set yourself up for successful career development.
Workday Financial Management ERP is a powerful software tool that helps companies manage their finances, accounting, and other key business functions. One of the features that makes Workday particularly useful is its use of worktags, which are essentially tags or labels that can be assigned to transactions, accounts, and other financial data within the system.
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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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.
Did you know there are two versions of invoicing in Xero? There’s the original ‘classic’ invoicing experience and ‘new’ invoicing. New invoicing is the updated version with a refreshed design, new functionality and many of the features you know and love from classic. New invoicing has come a long way since its initial launch and we’re pleased to have introduced several improvements you won’t see in classic invoicing.
As an entrepreneur or manager/owner of a busy small to medium-sized enterprise, it’s essential that you use tools to automate as many processes as feasible to keep things running smoothly. You can do less with more when you pick the right kind of technology and software solutions.
At Intuit, we’re experiencing phenomenal growth of our Expert Network – a team of tax preparers, EAs, CPAs, tax attorneys, bookkeepers, financial planners, and more, all working to support TurboTax and QuickBooks customers. We sat down with Joe Lillie, the Director of the Expert Network, to talk about what type of roles Intuit has for experts and how they help each one of them grow their careers and realize their potential.
At Intuit, we’re experiencing phenomenal growth of our Expert Network – a team of tax preparers, EAs, CPAs, tax attorneys, bookkeepers, financial planners, and more, all working to support TurboTax and QuickBooks customers. We sat down with Joe Lillie, the Director of the Expert Network, to talk about what type of roles Intuit has for experts and how they help each one of them grow their careers and realize their potential.
Our research found that recruitment is one of the main challenges facing accountants at the moment, so we’re shining a light on some amazing accountants to bust misconceptions around the industry. We speak with Alex Beattie, managing director of KRW Accountants and rifleman in the army reserves, and Hilary Dyson, founder of Bridge Financials and opera singer.
It is no secret that accounting is rife with complex challenges characterized by number-intensive projects that require extensive educational specialization, experience, and diligence. In short, the average person is not cut out for the role of a professional accountant or bookkeeper. If you own or manage a business of any type, it is in your interest to rely on client accounting services and outsource your accounting and bookkeeping projects to the pros.
In our previous blog, we covered the fundamentals of cash flow projections and how you can use those to create long-term strategies for your business. However, there are numerous types of cash flows that provide insight into the financial health of your business. Some of these include Investing cash flow, financing cash flow, free cash flow, and operating cash flow (OCF).
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
Our spotlight of the Insightful Accountant 2022 Top 100 ProAdvisors continues with a spotlight on Leah's Insights' Leah Berger. See what she says it takes to stay on top of your game.
This International Women’s Day, we want to celebrate the fantastic work being done by some of our women business owners. We spoke with Nadine Oei, founder of cosmetics brand Loella , and Anna Morrison, founder of Amazing Apprenticeships , who tell us more about their stories. What advice would you give to women looking to start a business? Nadine : The most important thing is getting your finances in order.
When it comes to running your automotive repair shop, you’re the catch-all for certain daily activities. In this industry, that's the norm. However, there are only so many hours in a day, and your expertise is in your line of work - so why are you trying to do your own accounting when so much is at stake? Rather than sacrificing your time and still risking falling behind on accounting, think about outsourcing your accounting to professionals with experience in your industry.
Guest: Dr. Josh McGowan, CPA from Troy University; Blake calculates the cost of the 150-hour rule; Minnesota says AICPA & NASBA are not the regulators; Accounting department budgets at risk Sponsors Uncat - [link] LiveFlow - [link] First Republic Bank - [link] Need CPE? Subscribe to the Earmark Accounting Podcast: [link] Get CPE for listening to podcasts with Earmark CPE: [link] (00:00) - Preview: The struggle is finding students who want to be an accounting major (01:08) - Josh McGowan j
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.
Liz Scott returns with her video take on how this new Quickbooks Online feature enables you to see the check images directly inside of the transaction.
Today, Wednesday 8 March, is International Women’s Day. I’m taking a moment today to reflect on Xero’s progress towards our diversity, inclusion and belonging goals, and to think about what we can do to continue to evolve them. This year, the UN Women International Women’s Day theme is ‘DigitALL: Innovation and technology for gender equality’. The theme seems particularly relevant to Xero this year, as a technology company working hard to enable equal opportunities for not only our women employe
Women look to other female leaders to feel empowered as they break through glass ceilings and face various obstacles along the way. It's important for them to clear a path for other women as well. Women leaders often face challenges such as more responsibilities within their homes and at their jobs, and when serving as entrepreneurs, unequal access to venture capital.
Cross-border payments are an essential component of modern business operations, allowing companies to transact with vendors, partners, and employees in different countries. For companies looking to have a global presence, it is important to understand the challenges and trends involved in international transactions. In this article, we explore the common issues with B2B cross-border payments and the steps companies can take to improve their international AP process.
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?
One of my favourite things since starting at Xero Asia is the discovery of the many cloud applications that empower the region’s SMEs by making them more efficient and productive. Now that Singapore has entered an endemic phase, I can’t wait to get out there and meet more of the Xero community. We’ve learnt in the past few years the importance of being agile and adaptable, and how adopting the right digital tools can be a game-changer.
AI is revolutionizing the way everything is done these days, and bookkeeping is no exception. The newest AI bookkeeping technology uses artificial intelligence (AI) algorithms to automate bookkeeping tasks such as data entry, invoice processing, and financial reporting. This technology is specifically designed to help bookkeepers and accountants, and business owners save time and money through the automation of manual processes, while also reducing the risk of errors to overall improve the accur
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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.
Amidst an industry-wide skills shortage, Xero’s State of the industry report shows that over a third (38 percent) of practices today are struggling to hire experienced team members. Despite this, Dinesh Aggarwal – founder and Managing Director of Fortuna Advisory Group – has his sights set on growth. In fact, he’s determined to win the war on talent, all while creating an engaged and connected global team.
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IMA is celebrating International Women's Day on March 8th to commemorate the cultural, political, and socioeconomic achievements of women. In this special Count Me In podcast Yvonne Barber, CFO, HR Knowledge Source, discusses how the pandemic affected female small business owners and how some used management accounting strategies to help them become more resilient.
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.
Edmonton may not be the first city that comes to mind when thinking of leading tech hubs, but it is rapidly gaining recognition as an emerging hotspot for technical innovation, positioning itself to compete with the likes of Silicon Valley, Beijing, and Toronto. It’s no surprise, then, that a local firm like Faber LLP has embraced digital transformation in the accounting industry.
Ahh, spring. It’s a great feeling when you see outdoor dining spaces opening at local Twin Cities restaurants in the spring. Patios are getting swept, tables and chairs are receiving a power wash, and sun umbrellas are popping up along sidewalks. Preparation is also happening inside as management and staff enter spring cleaning mode. Don't let the momentum stop there!
How Bookkeeping Can Help You Prepare For a Recession The word “recession” sends a little bit of panic into anyone’s heart. What does that mean for the housing market? What about jobs? Food prices? It rarely conjures up anything positive. And when you own your own business, it can feel even more unsettling. How can your business prepare for a recession?
Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.
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