Sat.Dec 09, 2023 - Fri.Dec 15, 2023

article thumbnail

Four Pitfalls of Delayed Invoice Payments

Enterprise Recovery

When clients fail to pay their invoices on time, it can negatively impact your cash flow and harm your business in various ways. Maintaining a healthy cash flow is crucial for the success of your business, so it is essential to address any issues with late payments promptly and find effective solutions to ensure a steady and stable financial foundation.

article thumbnail

QuickBooks Desktop Is Dead. Long Live Online!

Cloud Accounting Podcast

Blake and David discuss Intuit's announcement that QuickBooks Desktop will no longer be sold as new subscriptions after July 2024. They also talk about the need for changes in the accounting profession, such as simplifying financial reporting requirements and revising the 150-hour rule. In other news, they cover sanctions against China-based accounting firms, incorrect IRC claims by businesses, and the Adidas-Kanye West fallout.

professionals

Sign Up for our Newsletter

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

article thumbnail

Finding the Best Invoice Processing Software in 2024

Nanonets

Your accounts payable team – whose main function is to ensure funds are disbursed properly to vendors, business partners, and sometimes customers – processes an exorbitant number of invoices every single week. When done manually, processing an invoice can take days. If an AP expert has to conduct three-way matching checks , route the invoice to the proper department for approval , initiate the payment process, and get another approval before sending funds, there are many potential

article thumbnail

IRS plans foreign tax credit rules

Accounting Today

The Treasury Department and the Internal Revenue Service expect to issue proposed regulations to address the application of the foreign tax credit and related rules and the dual consolidated loss rules to certain types of taxes described in the GloBE Model Rules.

Tax 338
article thumbnail

Breaking Ground on Better Payment Processes: Strategies for Construction Pros

Speaker: Timothy Allsopp

Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.

article thumbnail

A Place Where Women in Sales Want to Work

Intuit

Championing women in sales When companies ramp up their diversity and inclusion efforts, their focus usually goes to tech and engineering roles. But women are underrepresented in sales, too. That’s why it’s meaningful that Intuit was recently recognized as number one on the list of the “Top 25 Companies Where Women Want to Work” released by GirlsClub, a professional organization focused on getting more women in sales leadership.

article thumbnail

Budgeting and Planning for 2024: A Guide for Businesses

Accounting Department

With a new year just around the corner, it's time for organizations to start thinking about their budgets for 2024 - if they haven't already. Effective budgeting and planning are critical to the success of any business. It helps in making smart financial decisions, optimizing resource allocation, and achieving business objectives.

Budgeting 248

More Trending

article thumbnail

FASB issues cryptoasset standard

Accounting Today

The Financial Accounting Standards Board released its long-awaited accounting standards update to improve the accounting for and disclosure of certain cryptoassets.

article thumbnail

Twelve Months of New Features: a 2023 Recap

Compleatable

Our developers have been hard at work this year, listening to feedback from our iCompleat users and constantly improving your experience. Cast your mind back to January (insert ‘it feels like a lifetime ago’ comments here!)- a New Year, and some new tweaks to your user experience. We made it even easier to create a new order by adding the layout and supplier within the Requisition form, as well as adding a shiny new duplicate function to Purchase Orders.

article thumbnail

Coaching Work-Life Balance from a Management Level | Beyond the Books Podcast by AccountingDepartment.com

Accounting Department

We are thrilled to announce that Episode 8 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

230
230
article thumbnail

Faces in FinOps Podcast: Episode 15 with Eli Mansoor, Pt. 1

ProsperOps

“Faces in FinOps” is hosted by Jon Myer and powered by ProsperOps. Greetings and welcome to another stellar episode of the Faces In FinOps Podcast, powered by ProsperOps, with your host, Jon Myer. This week we’re excited to have Eli Mansoor , a FinOps evangelist and CEO/Founder of OskaQ Consulting , a business focusing on improving cloud customers’ gross margin by optimizing vendors’ agreements and cloud spend.

FinOps 130
article thumbnail

The Growth Architect: How Financial Leaders are Unlocking Potential

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

article thumbnail

IRS restructures leadership

Accounting Today

The Internal Revenue Service has reorganized its leadership structure at the top, with a single deputy IRS commissioner instead of two, and four chief executives to lead taxpayer service, compliance, information technology and operations.

Tax 328
article thumbnail

Twelve Months of New Features: a 2023 Recap

Compleatable

Our developers have been hard at work this year, listening to feedback from our iCompleat users and constantly improving your experience. Cast your mind back to January (insert ‘it feels like a lifetime ago’ comments here!)- a New Year, and some new tweaks to your user experience. We made it even easier to create a new order by adding the layout and supplier within the Requisition form, as well as adding a shiny new duplicate function to Purchase Orders.

article thumbnail

AccountingDepartment.com Gears Up for its 10th Vistage ChairWorld

Accounting Department

We're happy to announce that AccountingDepartment.com is gearing up for its 10th Vistage ChairWorld event in January! As a proud National Sponsor for the past decade, this event holds a special place in our hearts, and we can't wait to reconnect with familiar faces and forge new connections in 2024.

199
199
article thumbnail

AIOps Explained: Transforming IT with Artificial Intelligence

ProsperOps

AIOps is a convergence of AI and IT operations, helping AWS users grapple with the intricacies of cloud computing. According to McKinsey, 70% of companies will employ hybrid or multicloud management technologies, tools, and processes in the years ahead. Because of this relentless pace of technology development, AWS customers often find themselves managing complex IT problems, and the challenge they face is to keep up without compromising customer service.

article thumbnail

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!

article thumbnail

The future of the trusted advisor: Challenges and opportunities

Accounting Today

As the accounting profession enters a period of unprecedented change, the AICPA's Barry Melancon highlights the upsides and downsides.

article thumbnail

Sage 50 – Features, Use Case, Alternatives, & Limitations

Ace Cloud Hosting

Managing finances and accounting is a crucial aspect of any business, regardless of its size. Sage 50 Accounting software has long been a trusted solution for businesses looking to streamline.

article thumbnail

QuickBooks Enhanced Reporting Changes Underway

Insightful Accountant

Intuit will initiate major reporting enhancements for QuickBooks Online and QuickBooks Online Advanced users starting December 15, 2023.

article thumbnail

Plooto bolsters executive team with seasoned fintech leaders from PayPal and Xero

Plooto

The strategic Risk and Partnerships hires will build on Plooto's 2023 momentum and supercharge market expansion in 2024 to further support growing businesses

XERO 104
article thumbnail

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

article thumbnail

Mileage rates rise for 2024

Accounting Today

The new deduction rates apply to electric and hybrid vehicles, as well.

Tax 321
article thumbnail

6 Benefits of AI Insurance Claims Processing

Nanonets

A survey by Accenture on underwriting employees found that up to 40% of underwriters’ time is spent on non-core and administrative activities. They estimate that this represents an industry-wide efficiency loss of up to $160 billion over the next five years. Integrating AI and automation into the underwriting workflow presents a significant opportunity to minimize the time allocated to administrative tasks, manual processes, and repetitive data entries.

article thumbnail

Manolo Blahnik Pairs with NetSuite

Insightful Accountant

Fashion shoe brand Manolo Blahnik uses NetSuite to enhance supply chain efficiency, consolidate financial processes, and improve visibility into its growing global operations.

105
105
article thumbnail

Designing Future-Proof Purchase-to-Pay Operations

Cevinio

We will uncover Alpar’s insights on maintaining an effective P2P team, with a special focus on the transformative power of automation technology. Additionally, we’ll discuss AP challenges and, more importantly, solutions to overcome them. During this interview, you will learn about: Keys to having an effective P2P function The transformative impact of AP automation: before and after Important features in AP Automation for operational success Factors for a successful transformation Ab

AP 100
article thumbnail

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.

article thumbnail

IFAC sees need for internal controls for sustainability

Accounting Today

The International Federation of Accountants wants organizations to combine sustainability reporting with their existing internal control and governance frameworks.

article thumbnail

5 Trends That Will Impact Your Business in 2024

Compleatable

It’s almost that time of the year again: time to adorn the office Christmas tree in tinsel, share your Spotify wrapped with anyone who will listen, and eagerly draft up your seasonal out-of-office message. While many of us take time to celebrate the year’s achievements (and by achievements I mean yay- we survived!), it’s also a crucial time to look forward at 2024 and predict what will be in store.

article thumbnail

ProAdvisor Training Tab Includes Tax

Insightful Accountant

Tax training has been added to the QuickBooks Online Accountant, ProAdvisor Training tab. Training is available for both ProConnect Tax Online and Intuit Tax Advisor products.

Tax 105
article thumbnail

How to Safeguard AP Operations Against Invoice Fraud

Cevinio

How to Safeguard AP Operations Against Invoice Fraud The rapidly growing invoice fraud risk poses a significant threat to businesses. Having the potential to cost hundreds of thousands of dollars in losses, it can decimate business-to-business relationships and cause irreparable damage to an organization’s good reputation. It’s imperative to protect your organization against invoice fraud, also known as AP fraud, as a result.

AP 100
article thumbnail

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.

article thumbnail

IIA approves revised global internal audit standards

Accounting Today

The International Internal Audit Standards Board voted to approve a set of new standards that are expected to be released in January.

Auditing 320
article thumbnail

5 Trends That Will Impact Your Business in 2024

Compleatable

It’s almost that time of the year again: time to adorn the office Christmas tree in tinsel, share your Spotify wrapped with anyone who will listen, and eagerly draft up your seasonal out-of-office message. While many of us take time to celebrate the year’s achievements (and by achievements I mean yay- we survived!), it’s also a crucial time to look forward at 2024 and predict what will be in store.

article thumbnail

Have You Found that New Report Yet?

Insightful Accountant

Murph takes you through the steps to build one of the new reports in QuickBooks Enterprise v24 that wasn't available upon initial release that showed up in R3.

article thumbnail

5 Tips to Reduce Your Cash Conversion Cycle

Gaviti

When you shorten your cash flow conversion time, you improve liquidity. You can then use this cash to pay bills on time, increase staffing, invest in research and development, or expand into new markets. These are just some of the uses that make strong cash flow an important metric for determining the health and potential longevity of businesses. The trick is knowing how to reduce cash conversion cycle times while still preserving good relationships with your customers.

article thumbnail

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.