Accounting Department

NOVEMBER 13, 2024

Opting for outsourced client accounting services can significantly conserve time and resources for your business. Nevertheless, locating a reliable outsourcing partner can be difficult. But how can you be sure you’re choosing an outsourced accounting service you can trust? A few characteristics of trustworthy, competent, and reliable accounting services will help you know the provider you chose is the right one.

Accounting 206

Accounting Accounting Virtual Bookkeeping Bookkeeping Services 206

Accounting Today

NOVEMBER 13, 2024

The Financial Accounting Standards Board issued a proposed accounting standards update that aims to improve the navigability of the disclosures that need to be provided for interim reporting periods.

Financial Accounting 287

Financial Accounting Accounting Accounting Financial Reporting 287

Xero

NOVEMBER 10, 2024

Earlier this year we announced the farewell of our classic invoicing product to pave the way for something new, and to allow us to build more of the invoicing features you have been asking for, on a single platform going forward. We’re confident that this change is the right move longer term for you and your business to gain more invoicing features faster.

Invoicing 243

Invoicing XERO 243

Fidesic blog

NOVEMBER 14, 2024

A Master Vendor File (aka: Vendor Master File, Master Vendor List, or Supplier Master File) is an important part of accounting best practices, particularly where accounts payable is concerned. In this post we answer import questions like, What is a master vendor file, Why is a vendor master file important, and we share some best practices. Finally we will give a brief overview of how to set up your master vendor file in Microsoft Dynamics GP and D365 Business Central.

Accounts Payable 130

Accounts Payable Accounts Payable Accounting Accounting 130

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

Accounting Department

NOVEMBER 14, 2024

Last week, AccountingDepartment.com Co-Founder, Bill Gerber, and Business Development Representative, Shawn Marcum hit the road and attended the Genius Network Annual Event in Scottsdale, AZ.

Billing 233

Billing 233

Accounting Today

NOVEMBER 15, 2024

The Institute of Management Accountants released a report on why business sustainability depends on the competencies of management accountants.

Accounting 278

Accounting Accounting Management Accounting 278

Fidesic blog

NOVEMBER 14, 2024

A Master Vendor File (aka: Vendor Master File, Master Vendor List, or Supplier Master File) is an important part of accounting best practices, particularly where accounts payable is concerned. In this post we answer import questions like, What is a master vendor file, Why is a vendor master file important, and we share some best practices. Finally we will give a brief overview of how to set up your master vendor file in Microsoft Dynamics GP and D365 Business Central.

Accounts Payable 130

Accounts Payable Accounts Payable Accounting Accounting 130

FinOps Foundation

NOVEMBER 11, 2024

Key Insight: AWS doubles down on data with commitments to deliver more types of data and finer-grained data for more of the services they offer. Better data, as well as FOCUS, will unlock faster decision-making and more innovation. At FinOps X in San Diego in June 2024, J.R. Storment , Executive Director of the FinOps Foundation, sat down with James Greenfield , VP of AWS Commerce Platform, to ask what he thinks the Future of FinOps will look like.

FinOps 130

FinOps FinOps 130

Accounting Today

NOVEMBER 12, 2024

The International Accounting Standards Board wants feedback on targeted improvements it's proposing to make to improve the requirements for recognizing and measuring provisions on corporate balance sheets.

Accounting 262

Accounting Accounting 262

Xero

NOVEMBER 11, 2024

Welcome to our monthly roundup of what’s new in Xero. This month, we’re excited to share updates designed to save you time, reduce errors, and give you greater flexibility. From duplicate bill detection to streamlined GST reporting, we’ve been busy making Xero even better. So sit back, and read on to learn how these enhancements can benefit you and your business.

XERO 130

XERO Billing Tax Accounting 130

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.

Accounting

Compleatable

NOVEMBER 15, 2024

Adopting the latest tools isn’t just an advantage; it’s essential for staying competitive. For finance departments, one of the most transformative tools has been Artificial Intelligence (AI), which has quickly become an asset in streamlining Accounts Payable (AP) processes , combating fraud, and offering real-time insights. This guide will explore the practical applications of AI in finance, drawing on examples from industry leaders, including Compleat Software, to show how AI-driven automation

Accounts Payable 100

Accounts Payable Accounts Payable AP Accounting 100

Fit Small Business

NOVEMBER 12, 2024

The best virtual phone system for small business needs focuses on standard calling and texting capabilities at an affordable price point. It’s ideal for solopreneurs and small teams needing a dedicated phone number to keep work and personal communications separate. For effective call routing, these services offer a range of call handling features, such as.

97

97

Accounting Today

NOVEMBER 11, 2024

The Federal Reserve's recent interest rate cuts are presenting CFOs with the opportunity to borrow money on more favorable terms for priorities like expansion or acquisitions.

Accounting 264

Accounting Accounting 264

Enterprise Recovery

NOVEMBER 15, 2024

Following up on past-due invoices and delinquent accounts can be a full-time job. However, it is invaluable to your business's bottom line. If you're considering outsourcing debt collections or handling them in-house, this post can help clarify the benefits of outsourcing. Outsourcing B2B debt collection can transform your financial operations by bringing in expertise, reducing costs, and freeing up valuable internal resources.

Collections 71

Collections Financial Operations Financial Operations Invoicing 71

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.

Accounting

Compleatable

NOVEMBER 14, 2024

In today’s fast-paced and competitive business environment, organisations of all sizes face significant challenges when it comes to procurement. Whether managing tight budgets, optimising supply chains, or navigating increased customer demands, businesses need smarter, more efficient purchasing processes to stay ahead. Here, we explore some of the latest trends and innovations that can help organisations streamline their operations, reduce costs, and mitigate risks.

Purchase Order 100

Purchase Order Invoice Processing Budgeting Invoicing 100

Fit Small Business

NOVEMBER 12, 2024

Protected classes refer to characteristics that are legally protected from discrimination during the hiring process. The EEOC also includes protection for employees, former employees, and applicants against retaliation, harassment, and sexual harassment. Federally Protected Classes at a Glance As stated, protected classes are those that are protected from discrimination in the eyes of the law.

91

91

Accounting Today

NOVEMBER 11, 2024

In the first two parts of this series (here and here), we explored what accounting firms can learn from accounting technology vendors. The first article discussed how vendor business models can inspire accountants to rethink their approaches to innovation and client experience, and the second article highlighted approaches tech companies use in talent management to attract and retain top talent.

Accounting 259

Accounting Accounting 259

Accounting Tools

NOVEMBER 15, 2024

What is Beginning Inventory? Beginning inventory is the recorded cost of inventory in a company's accounting records at the start of an accounting period. The beginning inventory is the recorded cost of inventory at the end of the immediately preceding accounting period, which then carries forward into the start of the next accounting period. How to Calculate Beginning Inventory The easiest way to derive beginning inventory is to take the ending balance from the immediately preceding period - si

Auditing 75

Auditing Accounting Accounting 75

Advertisement

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.

Financial Statements

Jetpack Workflow

NOVEMBER 14, 2024

Podcast Summary In this episode of Growing Your Firm, host David Cristello welcomes back Greg O’Brien , Co-CEO of Anomaly CPA , for an insightful discussion about the evolution of his firm since their last conversation three years ago. They reflect on the growth of Anomaly CPA, including the firm’s current headcount and revenue, as well as the strategic decisions made to invest in alternative positions beyond client-facing roles, such as marketing, IT, and operations.

CPA 59

CPA Accounting Accounting Tax 59

Fit Small Business

NOVEMBER 15, 2024

New recruiting trends are always emerging and bringing significant transformation to the world of work. The dynamics of the job market, technology, and societal changes are shaping the way organizations attract, select, and retain talent. Human Resources (HR) teams play a pivotal role in adapting to these changes and staying ahead in the competitive world.

83

83

Accounting Today

NOVEMBER 13, 2024

To the Internal Revenue Service, Roger Ver symbolizes a new target in the digital age: a crypto holder suspected of failing to pay taxes after selling tokens.

Tax 260

Tax 260

CSI Accounting & Payroll

NOVEMBER 15, 2024

If you’re looking into working with a monthly accounting service like CSI for your small business, you can expect many things to be taken off your plate. However, since a service isn’t in-house, they will need some insight from you.

Accounting 52

Accounting Accounting Small Business Accounting 52

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

Insightful Accountant

NOVEMBER 15, 2024

In this episode of the Accounting Insiders Podcast, host Gary DeHart sits down with Jen Hamilton, CEO of Hamilton COOs, to explore her journey from public accounting to becoming a fractional COO who helps many accounting firms.

Accounting 52

Accounting Accounting 52

Fit Small Business

NOVEMBER 13, 2024

Here’s the scenario: You receive your small business insurance renewal notice, and your premium has increased significantly. You haven’t filed a claim in years or changed your coverage. You may wonder why business insurance is so expensive and why business insurance rates are going up. Business insurance premiums have been rising month over month for.

59

59

Accounting Today

NOVEMBER 14, 2024

The invitation to comment requests input on financial key performance indicators such as EBITDA and free cash flow and how they should be treated.

Financial Reporting 265

Financial Reporting Accounting Accounting 265

Nolan Accounting Center

NOVEMBER 15, 2024

You may have dreamed and fought for years to start and grow your business. But now, you are facing the decision of whether or not to let your business go dormant. Here are a few things to consider if faced with this decision. What is a Dormant Business ? Companies in the U.S. can become dormant. In order for a company to be considered dormant, the business can not have sales, receive other forms of income, purchase of goods or services, employ staff, or buy, sell, or lease properties.

Bookkeeping 52

Bookkeeping Tax Accounting Accounting 52

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.

AvidXchange

NOVEMBER 15, 2024

We’ve all likely experienced challenges with the mail at one time or another. Whether it was a lost package, a delayed delivery, or a stolen piece of mail, it can be frustrating and time-consuming to handle the fallout. Many businesses are starting to realize that trusting critical documents like check payments to arrive securely by mail may not be worth the risk.

Deposits 52

Deposits Invoicing Reconciling Collections 52

Fit Small Business

NOVEMBER 15, 2024

A business credit card allows you to make purchases on a credit line, which offers flexibility and the potential to build business credit and requires careful management to avoid debt and fees. On the other hand, a business debit card draws directly from your bank account, giving you spending control with no risk of debt. The post Business Credit Card vs Debit Card appeared first on Fit Small Business.

Accounting 52

Accounting Accounting 52

Accounting Today

NOVEMBER 11, 2024

Credits or deductions for renovations, repairs or energy-efficient upgrades are available — but clients often need reminders and professional help to get them.

Tax 264

Tax 264

Nanonets

NOVEMBER 14, 2024

ABBYY is a technology company making document processing software since 1989. Their product lineup includes FineReader PDF for OCR and PDF management, FlexiCapture for enterprise document capture, ABBYY Vantage for intelligent document processing, Timeline for process intelligence, and Mobile Capture for mobile document scanning. This comparison primarily focuses on alternatives to ABBYY FlexiCapture.

Invoicing 52

Invoicing Auditing Financial Services Budgeting 52

Advertisement

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.