Sat.Jun 25, 2022 - Fri.Jul 01, 2022

article thumbnail

EY pays $100M SEC fine over CPA ethics exam cheaters

Accounting Today

CPA 357
article thumbnail

Latest product news — July 2022

Xero

Our teams have been busy adding lots of value across our platform over the past month, including enhancements to Hubdoc, short-term cash flow, tax updates in the UK and more. We’re also getting some fantastic feedback on our latest features in new reports — especially sticky headers and report annotations. If you haven’t tried new reports yet, it’s a great time to give them a go.

XERO 278
professionals

Sign Up for our Newsletter

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

article thumbnail

What is the future of accounts payable?

AP Association

The role of accounts payable staff has changed significantly over the past two decades as technology has continued to play an ever-increasing part in day-to-day duties. Today, AP employees are more likely to spend their time working at a computer, rather than chasing up paper invoices. As more aspects of AP processes are taken over by technology, the question is, what is the future of accounts payable?

article thumbnail

Financial Reporting and Forecasting in a Multidimensional World

Sage Intacct

Even for seasoned SaaS CFOs that have been in the subscription revenue sector for years, reporting and forecasting can be daunting processes. Not to mention the tight deadlines finance teams frequently operate under.

article thumbnail

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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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.

article thumbnail

Focusing on the employee experience in 2022

Accounting Today

316
316
article thumbnail

The countdown is on to Xerocon Sydney 2022!

Xero

Since the pandemic’s arrival, advisors have carried the weight of small business survival on their shoulders. But now, we’re entering a new chapter in our nation’s pandemic journey. Although challenges lie ahead, opportunities for growth, innovation and human connection are all within reach. This is why, after a two-year hiatus, we couldn’t be more excited to enter this new era with a celebration.

XERO 246

More Trending

article thumbnail

Establishing a Single Source of Truth for Smart Recurring Revenue Management

Sage Intacct

One of the biggest roadblocks encountered by SaaS companies involves a lack of data centralization. An approach that puts all your company’s data in one centralized location across employees and departments is known as a single source of truth (SSOT).

110
110
article thumbnail

More than half of workers are at least partially remote

Accounting Today

305
305
article thumbnail

How Jessica Rose overcame burnout to keep the Jewellers Academy sparkling

Xero

Over the past two years, challenges posed by the pandemic as well as the rising cost of living have not only made it increasingly difficult for small businesses to survive and thrive, they’ve also placed a huge strain on owners’ mental wellbeing. . According to our study with CEBR (Centre for Economics and Business Research), only around half (55%) of small business owners know where to turn to get the mental health support they need.

XERO 237
article thumbnail

What Is Cost Optimization? 8 Best Practices To Use ASAP

CloudZero

You're not alone if you have trouble visualizing, measuring, and controlling your IT costs. Whether public or private, cloud computing can add to the cost problem.

article thumbnail

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

article thumbnail

Conquer Monthly Bookkeeping in 5 Simple Steps as an Advisor

XY Bean Counters

4 MIN READ So you’ve got your books set up, perhaps in one of our Set-up & Training Workshops , now what? Keeping your books clean and up to date is important, especially in the highly regulated financial services industry. It can feel overwhelming when you first begin–I am here to give you some key tips and tricks to properly maintain your books.

article thumbnail

Elon Musk has a clear work-from-home policy

Accounting Today

299
299
article thumbnail

Future-Proofing the Office of the CFO: Borger Management’s Claudia Good Outlines ‘Stay-the-Course’ Approach to Remote Work

AvidXchange

This post is part of an ongoing interview series conducted by AvidXchange CEO and co-founder Michael Praeger. Make sure to follow along for new videos each month. As CEO and co-founder of AvidXchange, I’ve always had an affinity for jumping in another executive’s shoes to learn how they conduct their business. With that in mind, I’ve set out to talk to CFOs and other financial leaders throughout the United States to discuss how they’re adapting their management style, any industry predictions

article thumbnail

The Simple Formula For Managing Cloud Cost

CloudZero

Organizations receive high monthly bills from cloud providers with no way of determining why the number changes from month to month or how to accurately predict future spend. More importantly, there is little information to provide visibility if cloud resources are being deployed efficiently or if spend is correlated to business performance.

Billing 98
article thumbnail

Book of Secrets on the Month-End Close

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.

article thumbnail

Conquer Monthly Bookkeeping in 5 Simple Steps as an Advisor

XY Bean Counters

4 MIN READ So you’ve got your books set up, perhaps in one of our Set-up & Training Workshops , now what? Keeping your books clean and up to date is important, especially in the highly regulated financial services industry. It can feel overwhelming when you first begin–I am here to give you some key tips and tricks to properly maintain your books.

article thumbnail

Supreme Court to settle FBAR penalty controversy

Accounting Today

Tax 290
article thumbnail

The Four Step FCPA Compliance Checklist

Oversight

We entered a new phase in the fight against corporate bribery on June 21, 2022, when the UK company Glencore admitted to bribery after an investigation by the UK's Serious Fraud Office (SFO). The company also recently pled guilty in bribery investigations of several other countries including the U.S., making this a significant case of corporate bribery with calls for staggering fines to deter others from similar actions.

52
article thumbnail

Ep. 188: John Greene - Financial Transformation at Discover

IMA's Count Me

Connect with John: [link] Full Episode Transcript: Adam: (00:05) Welcome back to Count Me In, the podcast that looks at business issues and trends from the management accountant's perspective. Today, we are speaking with John Greene, the CFO of Discover Financial Services, the company behind the Discover credit card and the television ads with the catchy tagline, "We Treat You Like You'd Treat You".

article thumbnail

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?

article thumbnail

Russia-Ukraine War Substantially Damaged Global Supply Chain, Report Says

NACM

Just when businesses thought the supply chain crisis couldn't get much worse, Russia's invasion of Ukraine disrupted global trade even further. The conflict has increased shipping costs, complicated logistics and increased transit times, according to a new report from the United Nations Conference on Trade and Development (UNCTAD)."The war in the U.

5
article thumbnail

EY denies audit firm split tied to $100M SEC penalty

Accounting Today

Auditing 279
article thumbnail

Three things you might not know about Making Tax Digital for VAT

Xero

If you’re a VAT-registered small business owner, you may have heard the soft thwump of a letter landing on your doormat this past week, emblazoned with four familiar letters: HMRC. That’s right, it’s time for a gentle nudge/firm reminder that your business must now comply with government legislation Making Tax Digital (MTD) for VAT. . Part of a wider government initiative to simplify the tax system and make it easier for taxpayers to get it right, MTD for VAT requires affected individuals and bu

Tax 276
article thumbnail

Abortion by the Numbers

Cloud Accounting Podcast

Sponsors Synder: [link] Relay: [link] Canopy: [link] Need CPE? Subscribe to the Earmark Accounting Podcast: [link] Get CPE for listening to podcasts with Earmark CPE: [link] Show Notes 11:25 – Abortion statistics in the United States – Wikipedia [link] 21:16 – Abortions Increase in the U.S., Reversing a 30-Year Decline, Report Finds [link] 26:32 – This is how much child care costs in 2022 [link] Future costs of raising a child [link] The Cost of Raising a Child [link] Get in Touch Thank

CPA 40
article thumbnail

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.

article thumbnail

US Consumer Confidence Hits 16-Month Low

NACM

Business owners aren't the only ones unsure about the future of the economy. The Conference Board's U.S. consumer confidence index fell to its lowest level in 16 months, dropping to 98.7, the Associated Press reported. And the expectations index, based on a six-month outlook for income, business and labor market conditions dropped to 66.4—its lowes.

5
article thumbnail

Senate committee searches for Wayfair remedy for small biz

Accounting Today

Tax 278
article thumbnail

IRS implements new fingerprinting process for e-file

Accounting Today

Tax 264
article thumbnail

Ernst & Young IPO will create a lot of sour grapes

Accounting Today

Auditing 264
article thumbnail

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.

article thumbnail

The workplace of the future: The war for talent

Accounting Today

264
264
article thumbnail

CLA grants $1M to NABA to build Black talent in accounting

Accounting Today

article thumbnail

IRS helps shut down bank for tax evasion, money laundering

Accounting Today

Tax 264
article thumbnail

Talking about inflation raises prices. Here's how financial advisors can address the "I" word

Accounting Today

Tax 264
article thumbnail

Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

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.