Mon.Jun 27, 2022

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Understanding Accounts Receivable (AR): Accounting Basics You Need to Know

Snyder

However big or small your business is, you’re familiar with the notions of accounts receivable and accounts payable as integral parts of accounting. These two ledger lists are available on your balance sheet and indicate how well your business is performing. They act as two sides of an equation – if you neglect either side, it will affect the financial health and stability of your venture.

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Acterys Recognized as a Top-Rated Vendor in 2022 BPM Pulse Research

Acterys

We have done it again. Acterys has been included in the Top-Rated Performance Management Vendors for 2022 by BPM Partners. Last year, Acterys entered the ring as the Best New Vendor in the Annual BPM Pulse Awards 2021. Acterys is now a returning champion securing an overall Excellent 4.6 rating for overall customer satisfaction and a whopping 94% user recommendation rate.

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Improve Your SaaS Gross Margin

BurklandAssociates

Gross margin is a critical metric for SaaS startups to measure and improve. Low margins aren’t healthy or sustainable for most SaaS companies, and gross margin is one of the Read More. The post Improve Your SaaS Gross Margin appeared first on Burkland.

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The Importance of a Month-End Close Process

Withum

Now that we are halfway through the new year, most companies have wrapped up their books and records for 2021 and sent them to their accounting professionals for tax and audit preparation. While the inclination can often be to consider the cleanup of accounting records to be an annual process, there are real benefits to a business in having a month-end close process.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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Would Whoever Is Leaving Accounting Textbooks in the Little Free Library Please Stop Immediately?

Going Concern

What kind of monster does this?! via r/accounting. That very edition — published in 2008 — is going for $50 used on Amazon and people have left reviews for it as recently as last year. This find could be a score for the right person! Is leaving accounting textbooks a nefarious plot to scare even more people away from accounting ? Hmmm… The post Would Whoever Is Leaving Accounting Textbooks in the Little Free Library Please Stop Immediately?

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Make More of Your Commute With These 10 Podcasts | Canopy

Canopy Accounting

One of the most productive things accountants can do during their morning commute is expand their knowledge by listening to industry-related podcasts. No matter what area of interest or specialization you may have, there's sure to be a podcast to satisfy that need. If you want to improve your professional skills and expand your firm, skip the self-help books and head straight for a podcast.

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More Trending

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NJCPA Names Joe Breen a 2022 Emerging Leaders Ovation Award Winner

Withum

The New Jersey Society of Certified Public Accountants (NJCPA) has named Joe Breen a 2022 Ovation Award winner in the Emerging Leaders category. Joe is a Senior Tax Accountant working in both the Construction Industry Team and Private Client Services , specifically with High Net-Worth Individuals. He is a teaching fellow and understands the value of teamwork and mentorship.

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Raises at the Queen’s PwC Are Better Than Other Big 4s But Still Not Beating Inflation

Going Concern

UK inflation is at a balmy 9.1% and rising, the job market is red hot, and accounting firm partners everywhere are digging through their kitchen junk drawers for all the buy-one-get-one pizza coupons they can find. It’s rough out there — for employers. eFinancialCareers is busy sharing details on Big 4 salaries across the pond in this blessed workers’ market and if you don’t follow them already you really should, their Morning Coffee newsletter is just full of lovely info

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Great Place to Work and Fortune Name Withum Among Best Workplaces in New York

Withum

Withum is proud to share that Great Place to Work and Fortune magazine has named Withum as one of this year’s Best Workplaces in New York. Ranking at number 12 on the Large Business list, Great Place to Work recognized the Firm for its flexible work hours, team member appreciation initiatives, bonus days off and overall people-focused philosophy. Withum recently installed a new childcare reimbursement program , another benefit highlighting the Firm’s family-first values.

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How Do 3401(a) Wages Work?

Patriot Software

As an employer, you’re probably familiar with W-2 wages and how they work. But, have you ever heard of 3401(a) wages? If you offer retirement plans, it’s time for your crash course. Get the lowdown on what 3401(a) wages are, how they work, and other 3401(a)-specific rules. What are 3401(a) wages? The 3401(a) compensation definition […] READ MORE.

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Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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So, Who Ya Going to Call?

Intuitive Accountant

Starting your own business? Here’s why calling your friendly neighborhood CPA is the best first move you can make—and how you can make that happen. Reach Reporting’s Justin Hatch explains.

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Monday Morning Accounting News Brief: PwC UK Raises; ESG = $$$; Mid-Tier Tech Sucks | 6.27.22

Going Concern

Crypto has crashed–oops sorry, there’s a “crypto winter” and apparently that’s important for CPAs to be aware of. Mid-tier firms have crappy technology. “ Deloitte Consulting Analyst got minimum 15% base increase since May 2021 ” is something relevant to PwC UK staff getting a 9% pay bump to offset cost of living according to one Redditor though we aren’t sure why.

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HMRC raises interest rates on late tax bills from 5 July

Inform Accounting

Following the increase in the Bank of England base rate to 1.25% earlier this week, HMRC has confirmed that it will raise interest rates on late tax bills by a further 0.25%. This means that the late payment interest rate will increase to 3.75% from 5 July 2022. The rate last increased to 3.5% on 24 May. This is the highest rate since the height of the financial crisis in January 2009.

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The biggest financial issue for SMEs is a squeeze on cash flow – yet just a quarter of accountants offer cash flow support

Accounting Insight

• According to accountants, the biggest financial issue for small business clients is a cash flow squeeze (52%), yet only a quarter of firms offer cash flow management support. • The latest research report from iwoca suggests the answer to this is Open Banking – accounting firms are currently missing a key opportunity to use this technology to help small businesses through these periods of economic uncertainty. • Open Banking enables accountants to meet clients’ needs by matching services to the

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How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

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How Financial Planning Will Lead to More Business

Accounting Web

Clients How Financial Planning Will Lead to More Business.

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Auto-matching for QuickBooks Payments

Intuitive Accountant

Intuit QuickBooks is introducing Auto-match for QuickBooks Payments starting in mid-July. Murph runs us through the details.

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Senate committee searches for Wayfair remedy for small biz

Accounting Today

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Keep It Top Of Mind

RitaKeller

“You cannot do kindness too soon, for you never know how soon it will be too late.” — Ralph Waldo Emerson. Sometimes we get stressed. The client needs something pronto. We pressure staff to get work done. We are backlogged on review. Many people want our attention. There seems to be question after question from the team. There seems to be interruption after interruption.

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No-Code Technology: The Key to Unlock the Future of Your Business

Global economies are reeling from recent upheavals—pandemic aftershocks, geopolitical conflicts, and a tech sector crunch. Mark Zuckerberg's 2023 "Year of Efficiency" ethos extends into 2024, with leaders seeking cost reductions without stunting growth. No-code technology emerges as a beacon of hope, fostering resilience and adaptability. Platforms like Make.com and Zapier empower even non-technical staff to automate and innovate, freeing IT for strategic tasks.

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Talking about inflation raises prices. Here's how financial advisors can address the "I" word

Accounting Today

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Lisa Patt-McDaniel

GBQ

Podcast host Doug Davidson and Lisa Patt-McDaniel go way back. Not only did he make the introduction to her husband, but he influenced her professional career while attending Miami University. From politics to public service, Lisa’s passion for people continues to make an impact. Podcast host Doug Davidson and Lisa Patt-McDaniel go way back. Not only did he make the introduction to her husband, but he influenced her professional career while attending Miami University.

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Accounting Today accepting 2022 MP Elite submissions

Accounting Today

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Lisa Patt-McDaniel

GBQ

Podcast host Doug Davidson and Lisa Patt-McDaniel go way back. Not only did he make the introduction to her husband, but he influenced her professional career while attending Miami University. From politics to public service, Lisa’s passion for people continues to make an impact. Podcast host Doug Davidson and Lisa Patt-McDaniel go way back. Not only did he make the introduction to her husband, but he influenced her professional career while attending Miami University.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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The pressure rises to close the books faster

Accounting Today

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Does Shopify Take a Percentage of Sales?

Snyder

For instance, you need to understand how Shopify works and how much you’ll be expected to pay for your store. Before you set up your Shopify store, you may be asking questions like: How much is Shopify? Which payment details should I provide? Is it profitable to sell on Shopify, and does Shopify take a percentage of sales? It’s important to be aware of how much you’ll be charged for setting up a Shopify store so that nothing comes as a surprise.

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IFAC calls for integrated mindset to drive sustainability

Accounting Today

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Power BI Data Model Governance With Power BI Golden Dataset and Thin Reports 

Withum

If you have previously worked with Power BI or any other self-service BI tool, then I am sure you have found the incredible value it brings to an organization when making important data-driven business decisions. Users no longer must come from an extensive coding or developer background to ingest data from disparate sources, design and create data models, or perform analysis on their data using a low code development environment.

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.

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U.K. investigates Wise CEO Kaarmann after tax breach

Accounting Today

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Tax Roundup

Withum

There is a lot going on regarding taxes these days. For starters, Democrats are still trying to pass a smaller version of Build Back Better (BBB), the legislation that stalled in Congress last year. Senate Majority Leader Chuck Schumer and Senator Joe Manchin from West Virginia are leading the discussions because Sen. Manchin’s buy-in will be essential to passage of any tax legislation.

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The role of the profession: Accounting for good

Accounting Today

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Art of Accounting: 13 best practices for better hiring, training and retention

Accounting Today

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Join the Instant Payment Revolution: Read 7 Must-Know Facts for Small Businesses

Technology evolves at lightning speed, and as finance keeps changing, instant payments emerge as a game-changer for small businesses. By 2030, instant payments are projected to surge by 289% and will become the new norm in financial transactions. Our whitepaper reveals seven must-know facts about instant payments, offering to help you navigate this financial revolution effectively.