Sat.Apr 20, 2024 - Fri.Apr 26, 2024

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Optimizing Cash Flow Management for E-Commerce Businesses

Accounting Department

In a dynamic industry where change is the only constant, good cash flow management stands as one of the most critical factors for the success of e-commerce businesses. Navigating the online retail waters is often turbulent, with fast-paced transactions and a myriad of financial nuances that demand efficiency and foresight. Poor cash flow management could capsize even the most promising ventures, while a firm grasp on financial inflows and outflows can propel your e-commerce business forward, ens

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Technological transformation: Be mindful, purposeful, and flexible

Accounting Today

Firms need to adapt to changes in technology at a pace that makes sense for them and their clients.

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Shop small, shop sustainably

Intuit

Sustainability is becoming increasingly important for eco-conscious consumers as they seek greener products and ethical brands. Shopping at sustainable small businesses is beneficial for the environment and local economies, making it a win-win for people and the planet. We’ve compiled a list of small businesses that are committed to sustainability, from popcorn popped by the sun to compostable dryer balls.

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AWS Updates Savings Plans, Compute Optimizer, and Tagging

FinOps Foundation

Key Insight: In March, AWS delivered four updates that help FinOps Practitioners tackle their top two key priorities this year , namely reducing waste or unused resources and managing commitment discounts. The recommended approach is to address both usage and rate optimization in tandem, and the FinOps Framework Domains have been updated to reflect that approach.

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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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

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Making the Switch to Outsourced Client Accounting Services

Accounting Department

When you have a small or mid-size business, one of the issues you can run into is not having all the departments a larger company would have. In other words, you might not have dedicated employees for HR, accounting, and other areas.

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Submissions open for 2024 Top Firms by AUM

Accounting Today

Accounting Today is in the midst of surveying CPA firms with wealth management practices for this year's 'Wealth Magnets' ranking.

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AWS Updates Savings Plans, Cost Optimizer, and Tagging

FinOps Foundation

Key Insight: In March, AWS delivered four updates that help FinOps Practitioners tackle their top two key priorities this year , namely reducing waste or unused resources and managing commitment discounts. The recommended approach is to address both usage and rate optimization in tandem, and the FinOps Framework Domains have been updated to reflect that approach.

FinOps 130
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Save money on every invoice you process with automated accounts payable software

Cevinio

Automated accounts payable software transforms your business by cutting costs and boosting efficiency.

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A holistic solution to accounting's retention problem

Accounting Today

Firms must transform their business models to afford the cost of multilayered retention strategies, a new report by the Pennsylvania Institute of CPAs says.

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What is RouteWise? Accounts Payable Tools

Fidesic blog

What is RoueWise? RouteWise by Fidesic is a visual workflow editor that makes it easy to setup and maintain invoice approval processes within your accounts payable department.

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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

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FinOps Maturity: Using the Model to Assess your Capabilities

FinOps Foundation

Key Insight: The FinOps Maturity Model – often referred to by its stages “Crawl, Walk, and Run” – is a key component of the FinOps Framework. The goal for organizations is not to get to the “Run” stage across all Capabilities of the FinOps Maturity Model, but to perform each Capability at the appropriate level of maturity for your environment.

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Why you should be very skeptical of that auditor’s report

Blake Oliver

I'm honored to be quoted by Gene Marks, CPA , in his latest piece on The Hill, in which he brilliantly unpacks why investors should approach audit reports with a healthy dose of skepticism. Read it here.

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Accounting Today news quiz: April 26

Accounting Today

Test your knowledge of the biggest accounting headlines of the week. No. 2 pencil not required!

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Thomson Reuters Upcoming Tax Launch

Insightful Accountant

Tax technology is changing, and tax professionals are looking for reliable resources when it comes to the future of AI within tax tech. Today, Thomson Reuters is announcing their upcoming tax launch.

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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.

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QuickBooks for Small Business – Which Version Do You Need?

Ace Cloud Hosting

Just like for smooth money handling, you need to create a bank account. Similarly, the right accounting platform is necessary to manage the business financial landscape. This is where QuickBooks.

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How Small Businesses Can Thrive Under Singapore’s New Flexible Work Arrangements (FWA)

Counto

How Small Businesses Can Thrive Under Singapore’s New Flexible Work Arrangements (FWA) As of December 1, 2024, all employers in Singapore, including small businesses, will be required to fairly consider formal requests for flexible work arrangements (FWAs) as per the new Tripartite Guidelines. This significant update aims to enhance work-life balance but brings several challenges for small business owners.

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IRS Appeals forms new resolution office

Accounting Today

The IRS has long offered alternative dispute resolution, but says use has declined in recent years, and it hopes to make it more attractive and accessible.

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The Top 25 Up-n-Coming ProAdvisors for 2024

Insightful Accountant

Insightful Accountant proudly announces this year's Top 25 Up-n-Coming ProAdvisors. Congratulations to all being recognized as this year's award recipients.

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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?

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Maybe you shouldn't start a podcast

Blake Oliver

Podcasting is the new blogging. Everyone's doing it, and you should, too, right? Not so fast.

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Ethical Collection Techniques For Recovering Late Payments

Enterprise Recovery: Accounts Receivable

In today's competitive business landscape, it's important to manage late payments while upholding positive client relationships. Use the following techniques to navigate the delicate balance of recovering outstanding debts while maintaining trust and loyalty with your clients. Discover ethical collection practices to help recover late payments while maintaining positive client relationships.

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Tap overlooked tax breaks to help small business owners

Accounting Today

Experts say that busy entrepreneurs often miss incentives and advantages available to them. Financial advisors and tax professionals can give them a nudge.

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QuickBooks "Live Experts" May Not Be So Bad

Insightful Accountant

A lot of ProAdvisors and Accountants voiced their opinions at the April 24th QuickBooks Live Strategy (briefing) webinar. a lot of those opinions were negative, but this might not be as bad as your thinking.

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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.

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Making Big Strides with AI: The Counto Multi-Agent Compliance Model

Counto

Making Big Strides with AI: The Counto Multi-Agent Compliance Model At Counto , we constantly innovate to simplify complex compliance tasks for our small business clients. Our latest breakthrough? A multi-agent AI model revolutionising document processing. Forget old-fashioned, sluggish methods—welcome to a smarter, faster solution that truly delivers.

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Downward demand spiral definition

Accounting Tools

What is a Downward Demand Spiral? A downward demand spiral occurs when a business eliminates products without sufficiently reducing the overhead costs associated with them. When this happens, overhead is allocated across the fewer remaining products, which increases their cost per unit. With a higher cost base, management is more likely to increase the prices of the remaining products, which makes them harder to sell.

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ISSB to research nature and human capital risks, opportunities

Accounting Today

The research will focus on investor needs and build on relevant preexisting initiatives when possible.

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Intuit Hosting 'QuickBooks Live' Webinar

Insightful Accountant

Intuit will unpack the latest updates to its QuickBooks Live strategy to prioritize its assisted, do-it-with-me service, taking place on Wednesday, April 24th.

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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.

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The Human Side of Healthcare Debt Collection

RevCycle

Summary Healthcare debt is a growing concern in the United States, placing a significant burden on both patients and providers. While Artificial Intelligence (AI) is making waves in the debt collection industry, this paper argues that a human-centric approach focused on empathy, understanding, and flexible solutions can achieve higher netback for healthcare providers while treating patients with dignity and respect.

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Financial statement error correction

Accounting Tools

How to Correct Financial Statement Errors An error correction is the correction of an error in previously issued financial statements. This can be an error in the recognition , measurement, presentation, or disclosure in financial statements that are caused by mathematical mistakes, mistakes in applying GAAP , or the oversight of facts existing when the financial statements were prepared.

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7 ways to drive innovation in your firm

Accounting Today

While the term "innovation" isn't necessarily associated with most CPA firms, this perception can easily be changed with the right strategic moves.

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Contributing Analysts Wanted for App Reviews

Insightful Accountant

Insightful Accountant is looking for a few Good ProAdvisors who want to contribute an analysis of apps we intend to compare. Do you like to review apps, more importantly, do you regularly work with a few great apps, you might be our Pros.

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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.