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How to Turn a Shortage of Accountants Into an Opportunity for Businesses

CPA Practice

The alarm bells in accounting have been ringing for years: fewer people want to join – or stay – in the profession. The American Institute of Certified Public Accountants (AICPA) said in its “2023 Trends” report that the percentage of accounting graduates fell 7.8% Accounting roles must evolve to allow for this shift.

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The cost of inaction: An urgent call to upgrade accounting processes.

Airbase

Not only do multiple systems cost more, but the modern approach to spend management does a better job. It’s designed to control spending and streamline the interrelated, and continuous workflows associated with the process from intake to the final booking. first appeared on Airbase.

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Pilot Raises $60 Million To Help SMBs Modernize Finances

PYMNTS

It also assists in tracking and controlling spending, with monthly variance analysis that can help SMBs make better decisions on budgeting and spending, the release stated. After a long week of sales, customer support and product development, I would be left with a pile of manual, tedious accounting work to do.

Finance 104
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GASB Issues New Guidance on Risk Disclosures

CPA Practice

The Governmental Accounting Standards Board has issued new guidance that requires state and local governments to disclose information about certain risks. This would allow users to make informed decisions about these and to evaluate accountability.

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What is 3-way matching and why is it important?

Airbase

In the world of finance and procurement, accuracy and accountability are paramount. Three-way match has long been an important control measure practiced by accountants to make sure that what was purchased, what was received, and what was paid are fully aligned. Table of contents What is 3-way matching? How 3-way matching works.

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Streamlining procurement processes: A case study with Airbase and Doximity.

Airbase

The biggest thing for me is I need to have controls, but I also want employees to have an enjoyable experience,” Doximity’s Senior Director of Accounting, Alexander Schlick, told Airbase’s VP of Marketing, Michael Freeman. The finance team had to sort through all that spend, categorize it, and make sure it was authorized.”

NetSuite 130
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Spend Management is the Next Focus for Client Accounting Services

CPA Practice

Traditional expense management solutions, which only track expenses after the fact, don’t offer the comprehensive visibility into spending and cash flow that SMBs need to effectively run their business. By comparison, modern spend & expense management solutions can provide proactive insights based on real-time data.