Wed.Nov 30, 2022

article thumbnail

How to Use Self Service for a Seamless Accounting Experience

Lockstep

Accompls. Accounts receivable (AR) teams, today, are bombarded with emails all day, every day. On average, AR inboxes receive over 100 emails each day. And a good number of these are requests from customers to resend invoices or other key accounting documents. These requests are often “lower priority” than other emails, often falling to the end of the day, week, or longer before a response is sent.

Account 77
article thumbnail

Pay Transparency: Define Your Compensation Philosophy

BurklandAssociates

There is both a legal and cultural shift to ensure inclusive and equitable pay. New pay transparency laws are an example of 2023 initiatives that will directly impact a company’s Read More. The post Pay Transparency: Define Your Compensation Philosophy appeared first on Burkland.

Legal 130
Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

How Do Big 4 Consulting Internships Stack Up Against MBB?

Going Concern

McKinsey, Bain, and Boston Consulting Group —the Nos. 2, 1, and 3 best consulting firms to work for, respectively, in 2022, according to Vault and Firsthand—either have really crappy internship programs or didn ’t want to participate in Firsthand’s internship survey because MBB is not among the top 15 consulting firms that provide the best experiences for their young’uns.

article thumbnail

Pay Transparency: A Plan & Rollout Strategy Blueprint

BurklandAssociates

A step-by-step guide to help your startup build bands, audit, and roll out your scalable pay transparency program. The post Pay Transparency: A Plan & Rollout Strategy Blueprint appeared first on Burkland.

audit 130
article thumbnail

Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

article thumbnail

Ignition Council Set Transform Professional Services Interactions

Intuitive Accountant

The 16-member council of accounting industry leaders will inform Ignition’s strategic product direction, and accelerate technology adoption and upskilling programs.

article thumbnail

Are You Ready For the BUSY SEASON FUN Calendar??

Going Concern

I have just been made aware of the existence of this Busy Season Fun calendar by way of the Journal of Accountancy podcast in which host Jeff Drew mentions “it’s about time for PCPS to publish their annual busy season fun calendar.” The what now? You can find it on this Private Companies Practice Section (PCPS) landing page. In.docx format.

Account 111

More Trending

article thumbnail

Xero Updates North America: Fall/Winter 2022

Intuitive Accountant

Xero has made several notable updates to its product recently for the US and Canadian markets. Murph has summarized them for you.

101
101
article thumbnail

Next phase of Xero’s platform growth will be driven by the community

Xero

A version of this blog was originally published as part of HubSpot’s ‘State of Partner Ops and Programs 2022’ report – you can read the full report here. . As we continue to grow as a global business platform, our partnerships are an invaluable part of how we support and provide #beautiful solutions to our customers. I was excited to be asked to participate in HubSpot’s ‘State of Partner Ops and Programs 2022’ report.

article thumbnail

PCAOB chair promises renewed vigilance

Accounting Today

audit 98
article thumbnail

Latest product news — December 2022

Xero

Get ready to switch to new reports. If you haven’t made the switch to new reports, we urge you to start moving your work across now , so you have plenty of time to get used to them before the older versions are retired. Here are the latest features we’ve introduced to new reports: We’re introducing a current financial year by month report as well as a Bank Reconciliation report pack.

payroll 98
article thumbnail

The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

article thumbnail

Accountant Networking: The Best Places + 9 Tips

Ryan Lazanis

Accountant networking is a tried, tested, and true method to build connections, grow your business, and advance your career. In this article, you’ll find out why accountant networking is so important, where you can network plus 9 of the best tips to succeed. Let’s go! Table of Contents. What is Networking in Accounting? Why is Networking Important for Accountants?

Account 98
article thumbnail

How to manage the Singapore GST rate change in Xero

Xero

In the 2022 budget announcement, Singapore’s Minister for Finance announced the GST rate will increase from 7% to 8% on 1 January 2023, and from 8% to 9% on 1 January 2024. This change will impact all Singapore businesses that file GST. Here’s what we’re doing to make it easy for you to manage this change in Xero. Update your default rate. We’ll make the new 8% rate available in Xero by 9 December 2022.

article thumbnail

Audit committees providing more disclosures about cyber and ESG

Accounting Today

audit 98
article thumbnail

Form W-9 vs. W-4: What Are the Right Forms for Employees and Contractors?

Patriot Software

You must withhold the right amount of taxes on employee wages when paying employees. But what if you need to pay an independent contractor? To keep tax information straight between independent contractors and employees, you need to know the difference between Form W-9 vs. W-4. Read on for the scoop. What is the difference between […] READ MORE.

Tax 97
article thumbnail

Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.

article thumbnail

Accrued Expenses: Explained

AccountingDepartment

Accrued expenses, also known as accrued liabilities, refer to expenses that are recognized on the books before they have been paid. The expense is recorded during the period in which it is incurred, rather than when it is paid.

article thumbnail

How Nonprofits Can Keep Raising Money in a Recession

GrowthForceBlog

6 min read. No one expected to navigate delicate fundraising efforts and be forced to shut down the majority of their fundraising events through a pandemic, but it happened. And- many nonprofits emerged stronger than ever before. Key Takeaways. What Is a Recession and What One Could Mean for Your Nonprofit: Despite the reluctance of state officials to officially declare that the United States is in a recession, according to the definition, we most certainly are…. 7 Tips to Continue Successfully

article thumbnail

Boomer's Blueprint: Success can be the catalyst of failure

Accounting Today

80
article thumbnail

Technology Modernization and Your Accounting System

Withum

You probably see the term “technology modernization” everywhere. It too often causes confusion or anxiety. Does “technology modernization” apply to me? How do I know? What do I do about it? Let’s focus on what technology modernization means for your organization specifically in relation to your accounting system. Also referred to as your enterprise resource planning (ERP) program , this includes: QuickBooks , Microsoft Dynamics Great Plains (GP) , Microsoft Dynamics NAV/Business Central , NetSui

article thumbnail

8 Pillars of Leadership Development

Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.

article thumbnail

PCAOB launches tech working group

Accounting Today

article thumbnail

Best Startup-Friendly Banks

Shay CPA

The partnerships your startup makes early on can make or break you. That includes financial partners beyond investors. When you choose a bank, you lock yourself into a specific set of options: the specific services and products that each bank provides. . Yes, you can always switch banks down the road if the need arises. But most companies find that changing financial institutions is more work than it’s worth — and that means sticking with a banking partner even when they’re not ticking all of th

article thumbnail

Crypto exchange Binance hires Mazars to verify reserves

Accounting Today

article thumbnail

Bookkeeping for Remodeling Business: 5 Strategies to Consider

Steve Feinberg

Construction and remodeling businesses don’t operate the same way as, say, the corner grocery store. As opposed to selling goods with relatively stable and predictable pricing, remodeling businesses provide a service with varying prices, wages that differ from job to job, and materials that can fluctuate dramatically in price. All of these and more can make accurate, effective bookkeeping for remodeling businesses difficult, which can lead to costly mistakes.

article thumbnail

Protect What Matters: Rethinking Finance Ops In A Digital World

Speaker: Cheryl J. Muldrew-McMurtry

Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.

article thumbnail

AvidXchange Expands Global Capabilities with Cross-Border Payments Launch

Intuitive Accountant

Initial availability of the embedded payment experience, SuiteApp, will be offered to NetSuite customers.

article thumbnail

The Ultimate Year-End Checklist for Closing Your Books

Basis 365

It's the most wonderful time of the year until you realize that you still have year-end accounting tasks to complete. For new business owners, closing the books can be a daunting task. We've made the process easy by breaking it down into 17 steps. Although it may seem overwhelming, these steps will allow you to take control of your finances and be ready for the new year.

article thumbnail

Accelerating the Adoption of ePayments with Managed Services

Intuitive Accountant

MineralTree's Elizabeth Kowal explains why finance leaders realize the importance of AP, as well as the obstacles it faces, in a year marked by volatile supply chains and staffing issues.

Finance 52
article thumbnail

Market Based Sourcing Rules for Law Firm Income Apportionment

Withum

Many law firms traditionally did not need to concern themselves with multistate income tax issues. The firm operated in a single state, and for state income tax purposes, all the work was sourced to the location where the work was physically performed. . The U.S. Constitution limits state income taxation to income derived from sources within the state seeking to impose the tax.

article thumbnail

How to Set Better OKRs and Drive Results

Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.

article thumbnail

FASB proposes update for leases under common control

Accounting Today

article thumbnail

Financial Tools for Distributed Companies

Summit CPA

The Virtual CPA Success Show: Episode 68. In this episode, Jamie Nau, our host and Summit CPA's Director of Accounting, sits down with Adam Hale, Partner at Anders CPAs + Advisors, and Jake Grimm, Summit CPA's Director of Technology, to discuss financial tools for distributed companies. If you are a business owner of a fully distributed company, this episode is for you!

cpas 52
article thumbnail

The juggling act of a company director

Menzies

Menzies LLP - A leading chartered accountancy firm. Around 1,000 people are disqualified from acting as a director of a company in the UK every year for reasons such as unfairly failing to deal with company taxes and, more recently, abuse of Covid-19 support schemes. Whilst there will always be some people setting out to defraud the system, in many cases directors don’t have the intention of acting in a way that causes them to be considered unfit to be a director.

article thumbnail

Updated Contribution Limits for 401(k) Plans for 2023

Anders CPA

Each fall, the Internal Revenue Service (IRS) reviews the contribution limitations for benefit plan contributions and other supporting factors based on inflationary increases and other factors. Several limits have been updated for 2023: For individual 401(k) participants, the maximum amount that can be contributed (pre-tax or after-tax Roth) to 401(k) plans has been increased to $22,500.

payroll 52
article thumbnail

Automation, Evolved: Your New Playbook for Smarter Knowledge Work

Speaker: Frank Taliano

Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.