Sat.Nov 05, 2022 - Fri.Nov 11, 2022

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Artificial intelligence needs more intelligence

Accounting Today

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349
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Xero announces CEO succession, Sukhinder Singh Cassidy appointed

Xero

I’m pleased to let you know t hat today we announced the appointment of Sukhinder Singh Cassidy as Xero’s new CEO, on 1 February 2023. Sukhinder will succeed Steve Vamos who after serving almost five years as CEO, is retiring from the role and plans t o return to his previous portfolio in business coaching and leadership development as an advisor, director and investor.

XERO 290
professionals

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How avoiding unrestricted traffic & security issues is possible with an access control model based on AWS IAM

FinOps in Practice

With so many different individuals across your organization dabbling in the cloud and making adjustments, it can be difficult to track, manage and secure. It can also present challenges to the already complicated process of cloud cost management and cloud optimization. User rights are a key piece to the puzzle, allowing you to assign different hierarchies so that only individuals who are meant to be within one facet or project within your cloud space have access to it.

FinOps 130
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The Quest For Sunken Treasure: Top-Down Vs. Bottom-Up Cloud Cost Allocation

CloudZero

High-quality cloud cost allocation has become an existential issue for businesses. In order to get as much out of their ( mounting ) cloud investments as possible, business leaders need to know how much they’re spending in the cloud, what/who they’re spending it on, and whether there’s a good reason for it.

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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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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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New filing season presents new risks to accountants

Accounting Today

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Prepare for Making Tax Digital for Income Tax with Xero’s ITSA Academy

Xero

From April 2024, self-employed people and landlords earning over £10,000 annually, will need to follow Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) rules. . As an accountant or bookkeeper, you will need to prepare yourself, your clients, and your practice for these changes. Xero’s 3-step ITSA academy has been designed specifically to help you prepare.

Tax 250

More Trending

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The Unit Economics Journey: Cost Considerations At Each Venture Stage

CloudZero

Just as there are a handful of stages to describe the financial journey from startup to established company — pre-seed and seed funding, followed by series A, B, and C funding — there are also stages to the process of achieving a healthy understanding of your costs. We at CloudZero like to call these cost intelligence maturity stages “crawl,” “walk,” and “run.”.

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20 Days to a Better Firm: Top tips for recruiting and retention

Accounting Today

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Xero Awards UK & Ireland: How to craft a winning award entry

Xero

Entries for the UK and Ireland Xero Awards 2023 are now open for our accounting, bookkeeping and app partners. Being an award-winning firm isn’t easy, and neither is writing an award-winning entry. So how can you put your best foot forward when crafting your award submission? In season one of Beyond Numbers – our new podcast for accountants and bookkeepers – we spoke to Pam Phillips, founder and managing director of award-winning small firm de Jong Phillips , who shared her advice on not just be

XERO 246
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What’s the Best AP Software for Your Business? 5 Top Vendors Compared

Plooto

There’s the adage, “Life is expensive when you don’t know accounting.” An accounts payable software solution that’s not right for your business can also cost you dearly: inefficient workflows, high monthly fees, too advanced or too few features, to name a few.

AP 90
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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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How to Increase Forecast Accuracy with Automated Forecasting

Sage Intacct

Forecasting accurately across long periods is an indispensable skill for SaaS finance and RevOps departments. The further you can reliably forecast, the clearer your picture of your company's financial health will be.

89
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IRS's draft K-2 and K-3 instructions detail domestic filing exception

Accounting Today

Tax 277
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Xero’s half year 2023 financial results

Xero

Today we announced Xero’s half year financial results to 30 September 2022 (H1 FY23). . Xero continued to deliver strong growth momentum with more small businesses placing their trust in our cloud technology and open platform to run their business and meet critical compliance needs. . Our H1 FY23 performance highlights include operating revenue growing 30% (27% in constant currency) to $658.5 million, total customer lifetime value increasing 30% to $13 billion, and subscribers up 16% to 3.5 mill

XERO 246
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What to Say When Collecting Past Due Invoices

Enterprise Recovery: Accounts Receivable

When it's your job to collect past-due invoices, what you say matters. And what you say will depend on your state of mind when you type the email or get on the phone. How you come across to your clients, especially when they're long-term business-to-business relationships, will determine how they react to you, your demands, or any negotiation tactics.

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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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10 QuickBooks Tips 2023: How to use it effectively

CapActix

Whether you are a big corporate house or small startup organization , it is highly essential for businesses to perfectly record all the financial transactions. In this digital world, QuickBooks is a comprehensive bookkeeping and accounting software that is helping numerous businesses to smoothly record their finances. QuickBooks accounting software is highly popular and loaded with numerous features – from bank integration to bookkeeping services.

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IRS still coping with millions of unprocessed tax returns

Accounting Today

Tax 264
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How Machine Learning Enhances Your Business Process Automation Software

NextProcess

More and more companies recognize the value of business process automation (BPA) software. If a business doesn’t already have some form of digitization and automation to help streamline their financial processes like accounts payable and purchasing, then there’s a good chance they already have plans to digitize. Now, companies are less likely to question whether using BPA software is a good idea.

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Improving the Customer Experience for Your Accounting Firm by Saving Time with Automation

Analytix Finance & Accounting

The earliest forms of accounting date back to ancient Mesopotamia. In those times, ruling leaders trusted and highly regarded individuals who oversaw financial matters. Today, accounting is a significant field with millions of CPAs in the world and a shift to the customer experience. Nowadays, individuals who pay for a service want the best experience possible as they know they can take their business virtually anywhere.

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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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5 Benefits of Accounts Payable (AP) Automation

AvidXchange

Accounts payable (AP) automation is a technology solution that accounting teams use to convert paper invoices into a digital format and then automate the process of organizing within the system, routing approvals, coding and executing payments. The digital tool can be used alongside an organization’s preferred accounting software, leading to increased productivity.

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ACCA appoints next global president

Accounting Today

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Choosing the right software for your finance team

Spenmo

In an ever-changing business environment, we understand that adopting technological practices for your finance team requires great due diligence and may come at a hefty cost. Stats have proven that about 66% of finance teams find their daily tasks highly laborious and manual in nature, which take up much of their time and focus. So choosing the right software to help them relieve their workload and undoubtedly improve your team’s productivity, which in turn brings long-term benefits to the compa

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Benefits of Not Doing Your Own Payroll

SLC Bookkeeping

As a small business owner, figuring out ways to save on expenses is a constant battle. There are some ways this works and others that don't. Do-it-yourself payroll is one place you might want to avoid cutting costs. In the old days, the owner could simply grab some cash from the drawer and pay employees. Some small businesses just write a check and assume the payroll is all done!

Payroll 52
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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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AWS Billing Conductor and CloudCheckr: How They Compare

CloudCheckr

Billing for Cloud Resources: Understanding Your Needs and Available Solutions Billing for or allocating cloud usage across a large set of customers within an enterprise is an essential part of delivering a cloud services business or managing cloud costs internally. Managed Service Providers (MSPs) make a living reselling cloud resources and need to create invoices for their clients.

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Great client service is everyone's responsibility

Accounting Today

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8 Steps to Avoid Duplicate Payments

MineralTree

Duplicate payments are a huge headache for accounts payable departments and their vendors. For AP teams, they lead to wasted time and money and strained supplier relationships. But in order to eliminate the potential of duplicate payments, your organization must understand where they come from and how they occur. Let’s take a look at the steps AP departments can take to avoid duplicate payments and improve AP efficiencies across the organization.

AP 52
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How Automated Forecasting is Revolutionizing Hiring Practices

Sage Intacct

For any business, hiring is simultaneously one of the most important but also one of the trickiest business tasks. That becomes even more the case when navigating a market downturn like the one we’re currently experiencing–and SaaS companies are not immune.

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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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Why are Real Estate Firms Turning to AP Automation to Weather a Potential Recession?

AvidXchange

Real estate management firms are bracing for what could be a tumultuous time ahead. The current economic environment has businesses across industries tightening their belts and looking for ways to future-proof amidst growing uncertainty. To understand how businesses are navigating a potential recession, we surveyed 500 middle market professionals in August 2022 to see how organizations are responding to these uncertain times.

AP 52
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Art of Accounting: Solution to oppressive tax season hours

Accounting Today

Tax 264
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How can you improve your Employee Reimbursement Process

Spenmo

One of the most frustrating parts of being an employee is waiting for reimbursement on business expenses. You’ve got to dig up receipts and fill out reports, then deal with a long wait for your money. Not to mention, employees need to read through a long and lengthy employee reimbursement policy. And let’s face it, nobody reads it anyways. Meanwhile, your finance team is also waiting—for mistakes on expense reports, receipts that are missing, and trying to create complex expense reimbursement po

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How to establish and drive a forecasting culture

AWS FinOps

In part two of our forecasting blog series, we’re going to explore how you can establish a cost forecasting culture in your organization. As budgeting season kicks off (or maybe you’re already in it), typical forecasting challenges become magnified when projecting future cloud costs. Without a robust forecasting governance mechanism, the flexibility of decentralized cloud infrastructure ownership can result in siloed forecasts and limited understanding, especially as thousands of workloads are r

FinOps 52
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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.