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AcctTwo Blog

Focusing on the Big Picture in a Startup Environment

Running a startup is hard. It is your baby and you give your mind, body, and soul over to it. Yet while you started with a focus on the big picture, it is easy to get lost in the weeds very quickly. At AcctTwo, we understand your headspace not only because we were a start-up ourselves, but because we work with start-ups everyday.

Topics: SaaS Managed Accounting Services (MAS) Strategy Finance Transformation

What to Do If You Missed the 1099 Deadline

If you missed my post a couple of weeks ago about the 1099 deadline, or if you simply fell behind and didn't get all your 1099-MISCs out the door to your vendors by the january 31st deadline, don't despair. The world is still turning and life is going to go on. It's not the end of the world, and you can still get yourself in compliance relatively easily. Doing nothing because you think it's too late is not a good option, though. That can get you into trouble with the IRS.

Topics: 1099s back office Taxes Income Taxes compliance Awareness

1099 Deadline is Approaching

January 31st is the deadline for submitting 1099s to recipients. If you are a business owner, CFO, Controller or responsible for your company's accounts payable department or tax filings, you may know that 1099s are an informational return that is required to be filed with the IRS to report individual income that is not reported on a W-2 as wages, salaries or tips. There is often some confusion about the 1099 process and related rules, and the January 31st deadline sometimes sneaks up on companies.

Topics: Blog 1099s Taxes compliance Awareness

Tectonic Shift in Measuring Success Is Taking Place – Are You Ready?

What is the new statement?  Why is it groundbreaking?  What have been the reactions to it?  What metrics can be used to measure an organization's success or failure to meet these new directives? How can CFOs and Finance teams leverage today's technology to provide these measurements?

On August 19th, the influential Business Roundtable (BRT), an association of the CEOs of roughly 200 of America’s largest companies, published a new statement of corporate purpose that has drawn praise, criticism, and skepticism. The new statement is groundbreaking and it's worth reading.

Topics: The Future of Finance and Accounting Business Roundtable

Takeaways from the Missio Nexus Conference

AcctTwo recently sponsored and attended the Missio Nexus Conference in Orlando, Florida. The Missio Nexus Conference is a thought-provoking, three-day annual event that brings together hundreds of mission leaders. This year’s theme was Future Mission, it was a challenging look at the future of missions and the Great Commission.

Topics: Not-for-profit Industry church accounting church ministry Mission Organization Missio Nexus Church Accounting Software

A Realistic Look at Future Accounting Technologies Part 2 - AI

Last month I wrote about Robotic Process Automation, its impact on finance and accounting technology, and how I see RPA as an impactful stop-gap measure for organizations unable to take advantage of fully automated API integrations, either because of cost or legacy technology limitations. However, as the future becomes more connected, web integrations can extract, transform, and transfer data more efficiently. Regardless of how the data is managed, whether through RPA or a direct integration, there is another technology that, when added to the mix, becomes the key value driver – and that is Artificial Intelligence (AI).  Combined with AI, RPA becomes less of a mimic and more of a virtual assistant.

So that brings us to Artificial Intelligence and how it appears to be one of the key technologies that will indeed unlock the future of finance and accounting.

Topics: Artificial Intelligence The Future of Finance and Accounting AI

Takeaways from ServiceTitan's Pantheon Conference 2019

AcctTwo recently sponsored and attended ServiceTitan's Pantheon user conference in Pasadena, CA. ServiceTitan is a mobile, cloud-based software platform that helps residential services companies streamline operations, improve customer service, and increase sales.

Topics: Events and Webinars ServiceTitan Residential Services

Takeaways from The Church Network Conference

Recently the AcctTwo faith-based nonprofit team attended The Church Network Conference in Charlotte, North Carolina. The Church Network Conference is a thought-provoking, three-day event offering multiple ways to network with church leaders, discover and seek out mentors, see emerging technologies, and hone your skills. The Church Network Conference provides a wealth of experiences and benefits for church leaders. 

Topics: church accounting church ministry Church Accounting Basics

A Realistic Look at Future Technologies and How They Impact Accounting

At AcctTwo, we strive to deliver the future of finance and accounting to our customers, but what is that future?  In this series I’ll share my perspective on some of the rapidly changing technology solutions that marketing departments and the media are hyping as up-and-coming technologies in this space, and how I see them impacting finance and accounting departments.

Topics: The Future of Finance and Accounting

Benefits of Outsourcing at Faith-Based Organizations

At AcctTwo, since our team comes from the faith-based community, we not only understand how important it is for you to focus on your mission, we help you do it!

Topics: church accounting finance and accounting outsourcing Faith-Based Outsourcing accounting outsourcing technology-enabled outsourcing IT Church Accounting Software PEO Outsourcing IT Outsourcing