Sat.Dec 17, 2022 - Fri.Dec 23, 2022

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Happy Holidays from AccountingDepartment.com!

Accounting Department

Co-founders Dennis and Bill recorded their annual holiday message to clients, sharing their views on the past year as well as what they're planning for the future! (and maybe a few bloopers to enjoy at the end).

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Trends in client documentation that make accounting easier and audits less painful

Accounting Today

Auditing 351
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ERP and Accounts Receivable Automation Integration Best Practices

Gaviti

Information silos are one of the biggest thieves of efficiency at companies worldwide. Companies spread their data across multiple platforms that update at different rates. Ultimately, this data falls out of sync, and some departments never get access to invaluable information that could help them make better decisions. This is why so many companies now look to accounts receivable integration and other similar options to break down information barriers.

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4 Common Obstacles To Managing Microsoft Azure Costs

CloudZero

Microsoft Azure was a relative latecomer to the public cloud market: AWS preempted everyone in 2006, and Google GCP came next, in 2008. By the time Azure launched in 2010, the public cloud market had already grown to more than $24 billion.

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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

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An Outsourced Bookkeeper Could Be The Perfect Addition to Your Business

Accounting Department

Small businesses, especially start-ups, face all sorts of challenges, and one of the biggest is keeping track of financial information.

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IRS delays $600 threshold for 1099-K reporting

Accounting Today

Tax 306

More Trending

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Creating New Accounting Firm Revenue Streams to Unlock Growth

Plooto

Accounting firm revenue streams are changing. To survive and thrive, they are shifting or adding offerings from tax compliance services to business advisory services to generate new revenue streams for profitable growth.

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Improve Your Business Cash Flow with These Steps

Accounting Department

Cash is king when it comes to business. A business with money tied up in inventory, equipment, investments and other non-liquid assets is an enterprise with limited flexibility. In particular, cash flow accounting is especially important.

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How to network as an accountant in 2023

Accounting Today

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MTD ITSA: A Statement from Dext

Dext

A statement from Dext, in light of HMRC’s recent announcement on the postponement of MTD for ITSA: HMRC have announced a delay to MTD for ITSA, and an increase in the income reporting level. However, the fundamental, practical challenges of servicing self-employed & landlord clients remain. At Dext, we will continue to focus on this.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

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.

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The Ultimate Guide to Digital Transformation in Accounts Payable

MineralTree

What does digital transformation mean in Accounts Payable? Digital transformation in Accounts Payable (AP) occurs when teams use technology to automate and streamline manual processes across the back office. It evaluates existing processes across the AP workflow to identify areas of improvement and help teams unlock greater efficiencies and insights.

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Accounting and Auditing Pains: When to Leave QuickBooks

Sage Intacct

For many startups and businesses that are still in the very early stages of growth, spreadsheet-based accounting solutions can be a real asset. But past a certain stage of corporate development, QuickBooks just doesn't make sense , particularly for auditing and accounting forecasting.

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Art of Accounting: Seven ego builders to avoid

Accounting Today

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The Difference between Bookkeeping and Accounting

SMB Accounting and Consulting

Bookkeeping and accounting are often used interchangeably when describing a process of recording financial transactions for a business, but they are not the same functions. Generally speaking, bookkeeping is a part of the accounting process that focuses on recording financials transactions and is heavily rooted in data entry and reconciliation of bank and credit card transactions and statements.

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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.

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Databricks Pricing Explained: A 2023 Guide To Databricks Costs

CloudZero

For data professionals interested in data modeling, artificial intelligence, and machine learning, Databricks offers a powerful cloud data platform. The Databricks Lakehouse combines data lake and data warehouse capabilities in one architecture.

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Warning Signs Your SaaS Company is Outgrowing QuickBooks: Painful Audits and Challenging Forecasts

Sage Intacct

For many startups and businesses that are still in the very early stages of growth, spreadsheet-based accounting solutions can be a real asset. But past a certain stage of corporate development, QuickBooks just doesn't make sense , particularly for auditing and accounting forecasting.

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PCAOB proposes new audit confirmation standard

Accounting Today

Auditing 278
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The Wall That 7-Figure Firms Face

Future Firm

Many have developed their company swiftly past mid-6 figures, and while it wasn’t simple, things change when they hit 7-figures. Worst, they get stuck. I will explain two ways I diagnose this wall to help business owners break through it. Listen Below. 1:38 – Today, I want to share 2 things that I do to diagnose this wall to help firm owners break through it. 1:44 – The very first thing I do is get an understanding of the firm’s packages and prices. 2:14 – I’ll also look at the firm’

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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.

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4 Bookkeeping and Accounting Tips for Small Businesses

Counto

4 Bookkeeping and Accounting Tips for Small Businesses Keeping organised and having an accurate understanding of your financial situation is crucial to running a successful business. Moreover, setting up a system or accounting checklist for tracking your financial data will help you stay on top of your company’s numbers and keep your business secure.

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Payroll – Christmas and Public Holidays

Ontrack Bookkeeping

Christmas is a time of sun, sand, lots of food and family time here in the Southern Hemisphere. Ensuring employees get paid right for the public holidays however can be a challenge for those employing staff. We thought we would put together some examples to help you on with navigating the challenges of the Christmas payroll this year. PUBLIC HOLIDAYS THAT FALL ON A WEEKEND How to work out pay and holiday entitlements for a calendar date public holiday falling on a weekend, as Christmas Day

Payroll 52
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IRS tax return backlog will continue into 2023 filing season

Accounting Today

Tax 264
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Rudolph and the Revenue

Accounting Fun

Rudolph the red-nosed reindeer Hated paying NIC Went to a sharp adviser Paid the man a hefty fee He told the other reindeer You should do the same as me Go and see my adviser Get yourself a PSC Then one foggy Christmas eve the taxman came to say: "Your idea was not so bright You owe tax, you're banged to rights" So all the deer were bankrupt Didn't have a bean they said Now taxman's after Santa He'll be really in the red.

Tax 40
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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

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

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Ep. 212: Jennifer Smith – Obsessing over efficiency with the CEO of Scribe

IMA's Count Me

Connect with Jennifer: [link] Learn more about Scribe: [link] Full Episode Transcript: < Intro > Adam: Hello and welcome to Count Me In. The podcast that explores the world of business from a management accountant's perspective. This is Adam Larson, and today my co-host Neha, is talking to a woman who describes herself as an accidental CEO.

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Xero partners with New Zealand Football to support football communities in Aotearoa

Xero

I’m thrilled to announce Xero is partnering with New Zealand Football to help support football clubs across Aotearoa, helping Kiwis balance better numbers off the field through a club support programme. . Through this long-term partnership agreement, which will run until 2026, we’re aiming to build on increased interest in the beautiful game that will no doubt be supercharged by the FIFA Women’s World Cup 2023 held in New Zealand and Australia.

XERO 45
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Improving yourself is surprisingly simple

Accounting Today

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Creditors Beware of Subchapter V: Podcast

NACM

? On today's episode of the Extra Credit #podcast, we take a look at how Subchapter V bankruptcy filings dilute a creditor's rights.? Hear advice from the experts, Jason Torf and Lynnette Warman!

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Solve Your Firm's Automation Complexities Once and For All

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.

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QuickBooks? They Were On QuickBooks?

Cloud Accounting Podcast

Sponsors Zoho - [link] Liscio - [link] Canopy - [link] Need CPE? Subscribe to the Earmark Accounting Podcast: [link] Get CPE for listening to podcasts with Earmark CPE: [link] Show Notes 14:24 – Accountant that vetted Binance's reserves halts all crypto work | Accounting Today [link] 15:00 – Auditor Mazars Pauses All Work For Binance, Other Crypto Clients [link] Binance says the accounting firm it used to verify its reserves has paused all work for crypto clients [link] Binance Shows 'Pro

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Making Tax Digital for ITSA has been delayed, but we’re ready to support you

Xero

HMRC has announced that Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) has been delayed until April 2026. With small businesses, accountants and bookkeepers facing challenging times, we understand and support the delay from HMRC – giving you more time to prepare. . From this date, landlords and self-employed people earning above £50,000 annually will need to comply with MTD rules.

Tax 37
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BDO aims to increase diversity and inclusion

Accounting Today

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Political Risk Increases in Egypt Despite IMF Financial Support

NACM

The new International Monetary Fund (IMF) executive board approved a 46-month, $3 billion financial support package for Egypt, saying it "will catalyze additional funding of about $14 billion," per Reuters. This financial arrangement, Extended Fund Facility (EFF), aims to reduce government debt to less than 80% of gross domestic product (GDP) in th.

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Travel and Expense Policy Success: Your Essential Checklist

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.