Mon.Oct 25, 2021

2021 Top Issues

RitaKeller

“Everybody gets so much information all day long that they lose their common sense.” ” – Gertrude Stein. I always look forward to reading the AICPA PCPS Top Issues Survey results.

ECB Shuns Visa, Mastercard, PayPal for Digital Euro Advisory Panel

PYMNTS

The European Central Bank (ECB) has announced the 30 people to be on its Market Advisory Group for its digital euro project, according to a press release. The group will advise the ECB on the design and distribution of a possible digital euro, the release stated.

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AccountingDepartment.com Attends EO Nerve

AccountingDepartment

Last week, AccountingDepartment.com Co-Founder, Bill Gerber, and Business Development Representative, Shawn Marcum hit the road and attended the Entrepreneurs' Organization (EO) Nerve event in Washington, DC.

Rand Paul Wonders if Crypto Will Become World Reserve Currency

PYMNTS

Senator Rand Paul is wondering whether cryptocurrency could dethrone the dollar as the world’s reserve currency as it continues to grow in popularity.

Crafting Your Accounting Innovation Strategy

Speaker: Donny C. Shimamoto, CPA.CITP, CGMA

Tired of everyone telling you that you need to modernize your accounting operations, but not telling you how to actually do it? Attend this non-technical, but technology-focused session to actually work through creating an innovation strategy and developing a plan for modernizing the way you provide accounting services with the latest accounting technologies.

The Difference: Cash Basis Accounting vs. Accrual Accounting

xendoo

As a business owner, accounting methods may not rank that high on your list of passions, but understanding cash basis accounting vs. accrual accounting can be vital to your company’s health. .

Bakkt’s Plan to Grow Its Digital Asset Network From 100K Active Users to 32 Million In Five Years

PYMNTS

Unused gift cards sit idly in a drawer. . The 333 rewards points a consumer accrued with a niche retailer will likely stay unredeemed because it’s a retailer that consumer shops infrequently — and the value of the points isn’t a great enough incentive to motivate a consumer to shop there more. .

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Real Estate Tech Firm HomeLight Expands in Arizona

PYMNTS

Real estate technology platform HomeLight is broadening the reach of its financial products, HomeLight Trade-In and HomeLight Cash Offer , to real estate agents, homebuyers and sellers across Arizona, according to a Monday (Oct. 25) press release.

CMMC Explained: An Overview for Government Contractors

Withum

Articles

Facebook Pins Its 2022 Hopes on the Metaverse, New Ad Tech and eCommerce Tools

PYMNTS

Calling the dawning metaverse “the successor of the mobile internet,” Facebook CEO Mark Zuckerberg described “groundbreaking” changes coming to the social media platform and its various holdings during the company’s third quarter earnings call Monday (Oct.

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JPMorgan: Real Time Payments Will Speed B2B Payments, But ACH Has Staying Power

PYMNTS

The headlines paint an ominous picture for the holiday shopping season — and, indeed, for everyday commerce. Supply chains across a broad range of verticals are being disrupted, causing cash flow pressure for buyers and suppliers. Jolly , Head of Payments at J.P.

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5 Reasons People Quit, 10 Ways to Make Them Stay

Learn how to protect your company from The Great Resignation’s turnover epidemic.

Crypto Owners Are 4 Times More Likely to Use Digital Dollar Alternatives for Remittances

PYMNTS

In much the same way that the shift from in-person retail to digital shopping has changed retail over the past decade, the expanded possibilities surrounding cross-border remittances are set to follow a similar transformation. .

ANKA Marketplace Shows Power of Digital to Take African Businesses Global

PYMNTS

“When you facilitate the life of the sellers, they end up selling even more.”. That has been the goal of Moulaye Tabouré since he launched Afrikrea , an online marketplace for the buying and selling of African-inspired clothing, accessories and arts and crafts, in 2017.

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Surging Debit Use Leads ‘Eighty-Fold’ Acceleration in LatAm Digital Payments

PYMNTS

In just two years, Latin American debit and credit card use rates have essentially swapped their market share positions.

Today in Restaurant and Grocery Tech: Burger King Goes Paperless; Kroger’s Meal Sales Soar

PYMNTS

Today in restaurant and grocery tech news, Kroger’s meal solutions business passes $1 billion in annual revenues, and Burger King’s shift to digital coupons risks alienating some of its most loyal customers.

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4 Steps to Building Your Client Advisory Services Practice With Passion & Purpose

Speaker: Amy Vetter, CEO of The B3 Method Institute

As a CPA, consultant and entrepreneur, Amy will share insights and best practices from her own experience starting and growing an advisory services practice on her own and as a Partner in accounting, and from her 10+ years of advising thousands of firm leaders on how to grow and scale their businesses. You will walk away with actionable tools, tips and resources for creating and maintaining a solid, scalable foundation for your business for years to come.

Today in Retail: Allbirds Hopes Valuation Flies Above $2B; Walmart+ Offers Promo for New Members

PYMNTS

In today’s top retail news, Allbirds is aiming for a valuation of over $2 billion when it makes its public debut on the Nasdaq exchange, while Walmart+ is offering a cash-back promotion for new members who sign up on Monday (Oct.

Automation to Work to Bring Much-Needed Credit Relief to SMBs

PYMNTS

When small- to medium-sized business (SMB) owners experienced cash flow problems back in the good old days, it would inevitably leave them in a bit of a pickle.

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Amazon Unveils Strategy to Ensure Timely Holiday Delivery

PYMNTS

Continued investment in transportation capabilities, as well as nearly a year of planning, has prepared Amazon to tackle the holiday delivery season, according to a Monday (Oct. 25) company blog post.

B2B BNPL Platform Billie Closes $100M Funding at $640M Valuation

PYMNTS

Business-to-business (B2B) buy now play later (BNPL) startup Billie raised $100 million in a Series C funding round at a $640 million valuation, four times what its value was at its last funding in July 2019.

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Employee Safety During COVID-19: Compliance Toolkit

Stay compliant with Paycor’s COVID-19 Action Plan FAQs and templates toolkit.

Ocrolus Reveals How It Puts Automation to Work to Bring Much-Needed Credit Relief to SMBs

PYMNTS

When small- to medium-sized business (SMB) owners experienced cash flow problems back in the good old days, it would inevitably leave them in a bit of a pickle.

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ACI Teams With RocketFuel To Power Cryptocurrency Merchant Payments

PYMNTS

Real-time digital payments provider ACI Worldwide is partnering with cryptocurrency payments platform RocketFuel Blockchain to bring alternative currency payments capabilities to merchants around the globe.

What Buy Now Pay Later Has in Common With Visa and Mastercard’s Early Days

PYMNTS

Buy now, pay later (BNPL) has become the modern-day version of layaway, but with a better value proposition — the consumer can buy now, take possession of the merchandise now and pay for it in equal monthly installments later.

Kroger’s Home Chef Sales Soar as Consumers Seek Alternative to Increasingly Costly Restaurant Delivery 

PYMNTS

Consumers increasingly expect simple, convenient ways to get their food needs met, but most are not willing to bear the cost of on-demand restaurant delivery every day. On Monday (Oct.

Mandatory COVID Vaccination Policy Template

The federal government is developing a rule requiring employers with more than 100 employees ensure their workers are vaccinated or produce a negative COVID test weekly before entering the workplace. So, what can your organization do to prepare? Get Paycor’s COVID Vaccination Policy Template to help communicate important details to your employees.

Report: Mobile Innovations Now the Centerpiece Of QSR’s Digital Strategy

PYMNTS

If restaurants want to attract and keep customers, the best way is to optimize their digital strategies, according to research from the U.S. Census Bureau. The federal agency reported that consumers spent more than $211 billion online during the second quarter of 2021.

Livescale on Reducing the Time It Takes to Onboard New Merchants

PYMNTS

eCommerce has boomed over the past few years, with global digital commerce surging 27.6% in 2020 and expected to account for $6.5 trillion in sales by 2023.

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Next-Gen Food Carts Gear up to Take Over City Streets

PYMNTS

With the rise in off-premise digital ordering, restaurants and coffee shops are rethinking their formats.

Uber Freight Partners With Marqeta, Branch to Boost Logistics, Transportation

PYMNTS

Marqeta’s card issuing platform, along with Branch’s digital wallet, will be partnered with Uber Freight to bolster payments for the logistics and transportation industries, according to a press release.

Rethinking the Concept of the Employee: How Outsourcing Can Help Grow Your Accounting Business

Speaker: Dixie McCurley, Principal, Digital Advisory at Cherry Bekaert LLP

The very mention of the word "Outsourcing" is enough to send shivers down the employee spine. However, this gut reaction - while understandable - is merely based on misconceptions. Outsourcing does not necessarily mean mass layoffs and transplanting offshore. Rather, it could be utilized as an employee-friendly way to assuage an overburdened staff, relieve productivity bottlenecks, and stimulate growth. Join Dixie McCurley, Principal, Digital Advisory at Cherry Bekaert LLP, for this enlightening discussion on the ins and outs of outsourcing, and what it can do for your practice.

PayPal Not Buying Pinterest ‘At This Time’

PYMNTS

PayPal is not buying the social media image sharing site Pinterest, the payments giant said in a brief statement on Sunday (Oct.

2021: An Evolving Digital Future for Payments and eCommerce

PYMNTS

Roy Barak , chief financial officer and chief operating officer of Vindicia , discusses how consumers are re-evaluating their spending as they emerge from the pandemic – and how the growth of digital payments has resulted in enhanced convenience, security, efficiency and flexibility for the consumer – and increased revenue for eCommerce providers.

Toyota, Lexus App Walks Drivers Through Post-Collision Process

PYMNTS

Toyota and Lexus drivers now have access to an app that will walk them through what to do if they get in a collision. After the driver has confirmed they are safe, the feature prompts them through the entire process.

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Ireland Should Adopt Crypto Regs, BNY Mellon Says

PYMNTS

Corporate investment banking company BNY Mellon has encouraged Ireland’s finance ministry to adopt cryptocurrency rules while the European Union regulations are still underway, according to a Sunday (Oct. 24) report from Irish Independent.

7 Ways to Manage a Talent Shortage

In this whitepaper, Paycor examines the top 7 things you can do to out-maneuver your competition and win the war for talent in the coming months.