Sat.Apr 08, 2023 - Fri.Apr 14, 2023

article thumbnail

A sneak peek into what’s next for reports in Xero

Xero

Our team hit the ground running in 2023, introducing a number of exciting features to new reports that we know you’ve been waiting for — including the addition of foreign currency to new reports. Here are some of the highlights and a sneak peek into what’s coming next. Don’t forget, the older versions of our reports will be retired on 31 July 2023. We urge you to start using new reports now , so you have plenty of time to get used to them before the older versions are retired.

XERO 347
article thumbnail

Why Not Use Dynamics GP for Another 10 Years or So?

Fidesic blog

You may have recently heard that Microsoft Dynamics GP and Business Central on-premise will no longer be sold to new customers after 2026. In this post we will discuss the situation with GP and what is possible. We are offering information, not advice. If you need advice on your Dynamics GP future, it's a good idea to check in with your GP consultant.

289
289
professionals

Sign Up for our Newsletter

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

article thumbnail

Capital Budgeting with NetSuite Explained

Accounting Department

Capital budgeting involves analyzing, evaluating, and prioritizing investment decisions for large-scale projects that typically require significant capital from a business. This could include new office or warehouse space, fixed assets, or real estate. Capital budgeting provides businesses with a way to determine the best use of capital to increase the overall value of a business - a strategy that is useful to businesses of all sizes.

Budgeting 246
article thumbnail

5 Advantages of AP Automation with Workday Financial Management

Ascend Software blog

As businesses grow and expand, their financial processes become increasingly complex and time-consuming. To keep up with the demands of day-to-day operations, many organizations turn to Enterprise Resource Planning (ERP) systems like Workday Financial Management to manage their financial data.

AP 246
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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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

How small businesses can use the power of embedded finance

Xero

It wasn’t that long ago that you needed to take out a credit card and enter the number every time you wanted to pay for something online. Today, you can instantly complete purchases in a few clicks, like Amazon’s ‘buy now’ express button. This is an early example of embedded finance — one of the top fintech trends that is changing the way people use and move money.

XERO 306
article thumbnail

Intuit AI drives taxpayers through TurboTax “Express Lane” experience

Intuit

“Our vision is taxes done for everyone: any way, any time, any tax situation, any device.” Varun Krishna, Executive VP and GM Intuit Consumer Group This year’s tax season is a timely case in point. Intuit is experimenting with a new AI-driven express lane experience for filers of simple tax returns that’s enabling a select group of customers to complete their taxes in as little as 10 minutes with its TurboTax mobile app.

Tax 246

More Trending

article thumbnail

Channel Partners Conference & Expo

ProsperOps

Join ProsperOps on the expo floor of the Channel Partners Conference & Expo taking place May 1-4 at the Venetian Resort & Expo. ProsperOps is an autonomous cloud cost optimization tool. Our software monitors your cloud usage in real-time and automatically aligns discount instruments (like AWS Reserved Instances and Savings Plans) to generate and returning more savings to your AWS budget — without requiring any ongoing effort!

Budgeting 130
article thumbnail

Work from anywhere with these new updates to our Xero apps

Xero

Gone are the days when you need to sit at the desk to get those pesky admin jobs done. With our suite of mobile apps, you have real-time information about your business or practice at your fingertips, and can tick off those smaller tasks on the go. We’ve recently dialled up enhancements to our mobile apps, making it easier than ever to work from anywhere.

XERO 278
article thumbnail

Ascend AP Automation and Stormloop Technologies Partner to Optimize Workday Financial Management for Customers

Ascend Software blog

Ascend AP Automation, a Workday Select Partner for AP Automation and leading provider of accounts payable automation solutions, is pleased to announce a new partnership with Stormloop Technologies, a consulting firm specializing in Workday Financial Management. The partnership aims to help Workday Financial Management customers optimize and streamline their ERP processes through the use of Ascend AP Automation's cutting-edge technology and Stormloop Technologies' expert consultancy services.

AP 130
article thumbnail

Customizing the Icon Bar in QuickBooks Desktop

Insightful Accountant

Check out some of the cool customization features you can use with the icon bar, complements of internationally renowned ProAdvisor Esther Friedberg Karp.

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

ProsperOps at AWS Fest

ProsperOps

AWS Fest is a FREE virtual event on May 3rd for cloud customers managing their workloads on AWS. The summit offers the most innovative and comprehensive real-life problem-solving topics affecting cloud. The event on May 3rd will focus on AWS compute. It’s a fun event for anyone in the AWS community. There will be live prize giveaways and magical entertainment too!

article thumbnail

Why we’re making changes to Xero search

Xero

Over the next couple of weeks, we’ll be rolling out some changes to the search function in Xero. The functionality will stay the same, but you’ll notice it looks a little different. Like many of the changes we’ve rolled out across our platform lately, this is part of our commitment to ‘ Building on Beautiful ’ — which is about continuously making changes in Xero so we can stay ahead of the latest technologies, standards and ways of working in your business or practice.

XERO 279
article thumbnail

Top 5 technologies that are powering India’s economic growth

Intuit

For decades, technology has propelled the global economy. Nations are using technology in meaningful ways to develop sectors and create future cities. Now India is considered a knowledge powerhouse and has become the centre of global attraction. The exponential growth of technology has powered the nation’s economic growth too. While there’s a lot of innovation going on in India—and the rest of the world—some technologies are anticipated to be game-changers in 2023.

article thumbnail

From Seed to Sale

Insightful Accountant

RCReports' Paul S. Hamann takes a deep dive into calculating Reasonable Compensation for today's growing cannabis businesses.

105
105
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

Introducing Advanced Cyclical Optimization: Automatically Increase Compute Savings on Cyclical Cloud Workloads

ProsperOps

A few weeks ago I published an educational blog on how to maximize Reserved Instance and Savings Plan savings when workload patterns are cyclical. Today, I’m excited to announce the ProsperOps platform has added Advanced Cyclical Optimization Support, which fully implements the concepts described in that blog post. Autonomous, Optimized Coverage for Cyclical Workloads Prior to today, ProsperOps had limited support for cyclical workload patterns, and our ability to cover “above the cycle trough”

article thumbnail

What is document processing?

Nanonets

Documents are ubiquitous in business and serve as the foundation for data, information, and knowledge. From invoices and contracts to emails and memos, documents are an essential part of the daily document processing workflow.   According to Statistica.com , there has been an exponential increase in the total amount of data (from various documents) being created, captured, copied, and consumed globally.

article thumbnail

Dext wins Great Place to Work Canada™ award

Dext

Dext wins Great Place to Work Canada award 2023

98
article thumbnail

CPAs, Financial Advisors and Lawyers, Oh My

Insightful Accountant

The seventh annual "401(k) Plan Benchmark Report" shows the leading industries for 401(k) plans, with accounting professionals at the top of the list.

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

A Simple Way to Differentiate Your Firm

Future Firm

Ready to set your accounting firm apart from the rest? In today’s episode, learn how you can stand out from other accounting firms and charge more while providing added value to your clients. Listen below. 0:34 – In this episode, I discussed how labeling and monthly packages devalue accounting services and create competition among firms. 1:15 – Many accounting firms use a 3-tiered approach with Gold, Silver, and Bronze plans, but the issue lies in labeling services as a list of

article thumbnail

Global ACH and IAT

Tipalti

Are international ACH transactions (IATs) the best global payment method? Learn how global ACH works and how it differs from international ACH transfers.

98
article thumbnail

When Is the Best Time to Hire an Accountant for a Small Business?

CSI Accounting & Payroll

For many small business owners, having a trusted accountant by your side can feel like a great burden has been lifted off your shoulders. The right accountant can help you stay on top of deadlines and provide expert financial advice. However, many business owners wait to hire an accountant until after an issue arises, such as falling behind on taxes, filing for an extension, or becoming swamped with bookkeeping or payroll tasks.

Payroll 98
article thumbnail

Intuit Launching Rest-of-World App Store

Insightful Accountant

Intuit is launching a rest-of-world app store as part of the QuickBooks Ecosystem to help app developers build apps to meet the growing demands of SMBs and accountants globally.

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

Top Five TikTok Tax Myths (Guest: Heidi Henderson)

Cloud Accounting Podcast

We’re joined by Heidi Henderson, EVP at Engineered Tax Services, for our weekly roundup of news at the intersection of accounting and technology. Topics include: How the IRS plans to spend $80 billion over the next 10 years; the top five TikTok tax myths; security issues with AI chatbots; CLA voices support for MNCPA’s 150-hour alternative; why revenue is up 20% in the top 100 firms, and more!

Tax 98
article thumbnail

How to Reduce Costs with Automatic AP Software

NextProcess

The Accounts Payable (AP) department is often one of the slowest to switch over to automation software or to update older software solutions. Often, there’s a perception that updating the old way of doing things will cost too much money, eat up too much time, or change the way your company does things. Besides, if the old way isn’t broken yet why fix it?

AP 86
article thumbnail

Strategies for Companies Facing an Economic Downturn & Inflation

MineralTree

Modern finance teams face a multitude of challenges. The rising threat of inflation, potential recession, and other economic factors pose significant risks to businesses of all sizes. These challenges can lead to higher expenses, less access to capital, declining cash flow, and make accurate forecasting more difficult for teams, among other issues. In this article, we will explore the risks of inflation and recession, along with ways finance teams can mitigate these risks and recession-proof the

article thumbnail

Paychex Report: Small Business Jobs and Wages Increase Modestly

Insightful Accountant

The quarterly 'Paychex | IHS Markit Small Business Employment Watch' shines a spotlight on the ever-changing small business landscape.

105
105
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

Capitalized interest definition

Accounting Tools

Related Courses Construction Accounting Fixed Asset Accounting How to Audit Fixed Assets What is Capitalized Interest? Capitalized interest is the cost of the funds used to finance the construction of a long-term asset that an entity constructs for itself. The capitalization of interest is required under the accrual basis of accounting , and results in an increase in the total amount of fixed assets appearing on the balance sheet.

article thumbnail

What to Include on Invoices so B2B Clients Pay on Time

Enterprise Recovery: Accounts Receivable

Accuracy and details are crucial when invoicing business clients on retainer or for goods or services provided by your company. In fact, there are some attributes that can be added to invoices to prompt early payment or at least reduce the risk of late payments. Use these invoicing best practices so your B2B clients pay on time.

article thumbnail

Optimize Your Order-To-Cash Cycle With These 4 Accounts Receivable Tips

Outsourced Bookeeping

Every business operation requires an essential aspect known as the order-to-cash cycle. It is a process that initiates with an order received from a customer and ends with the successful collection of payment from them. Accounts receivable management and payment collection from customers are crucial steps in this cycle. Optimize Your Order-To-Cash Cycle With These 4 Accounts Receivable Tips To increase business efficiency and enhance cash flow , it is crucial to streamline the accounts receivabl

article thumbnail

Why Acknowledging Accomplishments Matter

Insightful Accountant

Employee recognition is an important element in ensuring employee satisfaction, especially in accounting firms, where juggling a lot of tedious financial tasks for clients can be daunting.

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.