Sat.Oct 26, 2024 - Fri.Nov 01, 2024

article thumbnail

From Startups to Enterprises: Tailoring CFO Support Services to Fit Your Business Needs

Accounting Department

In the ever-evolving landscape of business, one size rarely fits all. This is particularly true when it comes to financial management. Whether you're a burgeoning startup or an established enterprise, having a firm grasp on your finances is crucial.

241
241
article thumbnail

FASB proposes update on accounting for software development

Accounting Today

The Financial Accounting Standards Board issued a proposed accounting standards update to update the guidance on accounting for software, specifically when it comes to developing software for internal use.

professionals

Sign Up for our Newsletter

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

article thumbnail

Announcing the 2024 winners of the Xero Beautiful Business Fund

Xero

We’re thrilled to announce the global and country winners of the 2024 Xero Beautiful Business Fund, who each share in the NZ$750,000 total prize pool. We were blown away by the entries from passionate small businesses and non-profits across seven countries. Our judging panels were both inspired and challenged by the task of selecting 28 exceptional winners.

XERO 191
article thumbnail

The Scope of FinOps Extends Beyond Public Cloud

FinOps Foundation

Key Insight: To effectively manage the variable nature and distributed procurement model of cloud, FinOps Practitioners have built capabilities to maximize the value of their organization’s technology investments. This has resulted in businesses asking FinOps teams to manage technology spending that extends beyond the scope of public cloud. Most Practitioners today are incorporating SaaS and Data Center costs into their practices.

FinOps 130
article thumbnail

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

article thumbnail

Unlocking Profit Potential Through Strategic Financial Forecasting

Accounting Department

In the current competitive environment, small and medium-sized businesses (SMBs) must leverage every possible advantage to succeed and expand. Forecasting is a powerful tool that can greatly influence a company's financial success.

article thumbnail

IRS increases 401(k) limit for 2025 but keeps IRA limit the same

Accounting Today

The amount individuals can contribute to their 401(k) plans in 2025 has increased by $500 to $23,500, up from $23,000 for 2024, but the IRA limit remains $7,000.

Tax 299

More Trending

article thumbnail

Announcing our investment in Wildfire

Intuit

Today, we are announcing Intuit Ventures’ investment in Wildfire , a financial technology platform that powers loyalty and reward programs, shopping companions, and content monetization. We’re excited to co-lead the company’s Series B round with Mucker Capital alongside Samsung Next, TTV Capital, QED Investors, B Capital, and others. Consumers are facing high prices and inflation: 75% of consumers are interested in earning cash back rewards to offset their higher cost of living.

130
130
article thumbnail

Why CFOs Must Prioritise Their Own Efficiency: The Importance of AP Automation

Compleatable

They say that doctors make the worst patients. While I can’t confirm whether this is true, the analogy resonates deeply with me as a CFO. Just like doctors may meddle in their own diagnoses, we finance professionals often neglect our own needs, especially when it comes to the resources that would make our jobs easier. Let me explain. As finance experts, we excel at building robust budgets and forecasts.

AP 100
article thumbnail

Small biz job growth impacted by hurricanes

Accounting Today

Job and wage growth continued at a moderate pace among small businesses in October, likely slowed by the impact of recent hurricanes down south, according to payroll company Paychex.

Payroll 287
article thumbnail

Celebrating the UK winners of the Xero Beautiful Business Fund 2024

Xero

Supporting and championing small businesses is at the core of our purpose, which is why we launched the Xero Beautiful Business Fund last year. This initiative provides more than £350,000 in funding globally to our small business customers in the UK, South Africa, Australia, New Zealand, Singapore, Canada and the US. There were 28 winners overall, four in each country, who were awarded based on their 90 second video entry about how they would use the funding to support their future business goa

XERO 147
article thumbnail

Solve Your Firms 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.

article thumbnail

Denial Management Strategies for 2025: Trends & Best Practices

RevCycle

As healthcare continues to evolve, so do the complexities of managing the revenue cycle, with denial management being one of the most persistent challenges. Denial management is an essential component of healthcare revenue cycle management (RCM) because denials directly impact an organization’s financial health. From 2022 – 2024, the number of providers who said denials are increasing jumped from 42% to 77%.

article thumbnail

Top Best Lacerte Add-ons for Accountants and Tax Preparers

Ace Cloud Hosting

Lacerte is a renowned professional tax preparation software offered by Intuit. It provides features and tools for error diagnosis, automated calculations, tracking missing data, tax law alerts, and more. It.

Tax 75
article thumbnail

Thomson Reuters makes major investment in AI cross-selling software

Accounting Today

Thomson Reuters has made a major investment in Propense, an AI-powered cross-selling solution, which will enable the company to expand its reach among CPA firms.

CPA 298
article thumbnail

XSBI: Are interest rate or income tax cuts benefiting small businesses yet?

Xero

Cuts to official interest rates and income taxes have begun in some countries, with some hoping the changes would help boost consumer spending. Unfortunately, this doesn’t seem to be the case yet for small businesses, according to the latest Xero Small Business Insights (XSBI) data. What cuts have happened? Central banks have been busy in the past few months, switching their focus from raising interest rates in an attempt to fight inflation, to cutting interest rates to boost growth.

Tax 140
article thumbnail

Confronting the Change Challenge

Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.

article thumbnail

Effective Year-End Business Budgeting Strategies for Financial Success

Enterprise Recovery

With just a few months left of the year, it's time to ensure that your business is well-prepared. Careful planning and allocation of financial resources can help your business seize new opportunities, overcome potential challenges, and achieve its growth objectives. By creating a financial roadmap that supports sustainable development and long-term success, you're positioning your business to thrive in the coming year.

article thumbnail

Essential Standards for Your AR Team

oAppsNet

Your Accounts Receivable (AR) team is your business’s critical cash flow driver. With a high-performing AR team, your business can expect accelerated payments, improved cash flow, and a reduced risk of falling behind on bills, payroll, and growth opportunities. But what separates an average AR team from a high-performing one? It all comes down to standards—the essential practices, guidelines, and expectations that every team member follows to ensure a smooth and efficient process.

AR 52
article thumbnail

Private equity changes accounting career paths

Accounting Today

The increasing amount of investment from private equity firms in the accounting profession is transforming the ways accountants pursue their careers, according to a new report.

article thumbnail

We’re ready to support you with Making Tax Digital for Income Tax

Xero

As outlined in the autumn Budget, the UK government is committed to delivering Making Tax Digital (MTD) for income tax Self Assessment, which will be mandated in April 2026. We’re pleased that this gives accountants and bookkeepers more certainty on timings as they prepare for this deadline. At Xero, we’re ready for MTD for IT and will be participating in HMRC’s public testing phase from April 2025.

Tax 139
article thumbnail

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.

article thumbnail

Erase Client Frustration with Automated Tax Return Delivery They'll Adopt

Blake Oliver

Ever had a client say "I never got the email" about their tax return? Tired of chasing clients for signatures and document approvals? Learn how to cure this headache with SafeSend’s first CPE course on Earmark. In "Erase Client Frustration with Automated Tax Return Delivery," David Bozynski breaks down how to solve this common headache once and for all.

Tax 52
article thumbnail

The ProAdvisor Training & Certification Refresh You’ve Been Waiting For

Insightful Accountant

Recently, Intuit’s ProAdvisor program was reimagined to deliver additional value to accountant partners through refreshed points and benefits. Intuit is now taking the transformation a step further by reimagining the ProAdvisor certification journey.

article thumbnail

Personality screenings may improve audit quality

Accounting Today

Researchers found that auditors with greater honesty-humility are more likely to prioritize professional integrity and report financial infractions.

Auditing 279
article thumbnail

Celebrating the South African winners of the Xero Beautiful Business Fund 2024

Xero

South African small businesses pack a big punch, and despite facing ongoing challenges, they are resilient, ambitious and optimistic. Supporting and celebrating these businesses is at the heart of why Xero exists, so I’m very happy to announce the South African winners of the 2024 Xero Beautiful Business Fund. Launched last year, this fund provides more than R8,000,000 in funding globally to our small business customers in South Africa, Australia, New Zealand, Singapore, the UK, Canada and the U

XERO 130
article thumbnail

The Financial Leaders Playbook: How To Deliver Insight, Oversight, And Foresight

Speaker: Chandra McCormack, CPA, MBA, NACD.DC

Imagine being a financial leader who not only ensures the books are balanced but also shapes the future of your organization. 🤔 ✨ This session will take you beyond the routine reporting and into the realm of strategic financial leadership. We’ll explore how today’s finance professionals can juggle the day-to-day operations while also delivering the long term vision that drives growth.

article thumbnail

Can Cloud Content Management Improve Your Team’s Productivity?

LedgerDocs

As bookkeepers, we know better than anyone that time is money. That’s why we’re always on the lookout for tools to improve productivity, enhance collaboration, and simplify our processes. In recent years, one solution that has proven to be a game-changer for bookkeeping teams is cloud content management. With the growing demand for simple, accessible, and secure document handling, a centralized, cloud-based document management system has become more essential than ever.

article thumbnail

Why Spreadsheets Remain the Backbone of SMB Accounting

Insightful Accountant

Small and midsize businesses (SMBs) are turning to cloud accounting platforms for automation and streamlined accounting. But many find them insufficient for advanced reporting and data analysis.

article thumbnail

A primer on PE

Accounting Today

Private equity comes with a great many questions; Bob Lewis offers answers and valuable advice for accountants looking at this major trend.

article thumbnail

Top Remote Accounting Candidates for Hire | October 31, 2024

accountingfly

Top Remote Candidates This Week Are you in need of remote accountants? Accountingfly can assist you! Our ‘ Always-On Recruiting ‘ program allows you to connect with highly skilled and experienced remote accounting candidates without any upfront costs. Here are some of our top remote accounting candidates for this week. Sign up now to receive the full list of available top accounting candidates on a weekly basis!

CPA 52
article thumbnail

The New Frontier: A Guide to Monetizing AI Offerings

Speaker: Michael Mansard and Katherine Shealy

Generative AI is no longer just an exciting technological advancement––it’s a seismic shift in the SaaS landscape. Companies today are grappling with how to not only integrate AI into their products but how to do so in a way that makes financial sense. With the cost of developing AI capabilities growing, finding a flexible monetization strategy has become mission critical.

article thumbnail

How to Delegate Advisory Work to Your Team

Future Firm

Are you struggling to add advisory services without taking on all the work yourself? Learn how to delegate and make advisory work scalable. The post How to Delegate Advisory Work to Your Team appeared first on Future Firm.

article thumbnail

Free Feature Content Available to App Developers

Insightful Accountant

App and Software Developers should know that Insightful Accountant offers 'FREE' feature content, including App Aware and First Look features covering their app or software and Advisor Alliance articles covering their partner programs.

article thumbnail

EY acquires tech consulting firm Dignari

Accounting Today

The woman-owned firm specializes in digital identity and access management solutions to provide cybersecurity for U.S. government clients.

299
299
article thumbnail

Top 9 Docsumo alternatives for data extraction

Nanonets

Docsumo is a document processing solution designed to help businesses automate data extraction and reduce manual data entry. It enables teams to automatically extract valuable information from various document types, including invoices, bank statements, insurance forms, and shipping documents. About Docsumo With its AI-powered platform and pre-trained models, Docsumo aims to improve document-heavy workflows, save time, and reduce errors.

article thumbnail

How To Optimize Cash Flow: Your Roadmap To Resilience!

Speaker: Genevieve Hancock, CPA

Cash flow isn’t just about balancing numbers - it's about ensuring your organization is positioned for both immediate stability and long-term success. Understanding that cash flow management fuels every decision, every opportunity, and every growth phase is critical. But how can you shift from simply managing cash to strategically optimizing it for resilience?