Finance Department Tips & Tricks

Beanworks Solutions Inc.'s Logo The Truth About AI: Are the Robots Taking Over?

Research shows that 93% of CFOs are digitizing their operations, and 57% say they are committed to a complete transformation rather than opting for quick fixes and shortcuts. It is enough to make some teams worry if the future will be more about technology than it is about them. 

New View Strategies's Logo Let’s Get Fiscal with Year-end Close: Dimensions in closing entries

Are you sweating year-end already? Somehow, it’s almost that time of the year again already! As a financial accountant before joining New View Strategies, this time of year would quickly set off alarms in my head. What do I need to start doing soon? Where were my notes from last year? What was that step …

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Beanworks Solutions Inc.'s Logo The Accounting Profession Has Changed – Here are the Skills You Need to Succeed

Businesses are adopting new technologies, but some are struggling to find the right talent. One report highlights that 96% of finance leaders said it is very or somewhat challenging for them to find financial professionals with the skillset that they need for the business.

AccountingWare's Logo 6 Elements of a Good Financial Design Statement

Good financial statements empower your company to make better strategic decisions, but how do you know if your financial statements are good? If they're not, how do you make them better? Some basic principles separate the good from the bad, but your financial statement quality also depends on how well suited it is to your …

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AccountingWare's Logo Data Visualizations for Financial Statements

While the numbers in your reports are the stars of the show, many of your users, especially those not in the finance department or accounting, will benefit from seeing a visual representation such as a chart or a graph. Visuals help put numbers in context, letting your users see the bigger picture and spot trends …

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AccountingWare's Logo Best Practices for Formatting Financial Statements

Your formatting choices can make or break your financial statement's effectiveness. Good formatting helps a report communicate more clearly by drawing attention to essential information and showing relationships between items, while bad formatting can overwhelm and confuse users and make it harder for them to determine which pieces of information to focus on. Color choices …

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Beanworks Solutions Inc.'s Logo How AI and Automation is Shaping the Finance Industry

With the limitations of remote work, more businesses are turning to automation. Knowing what to automate and managing the disruption with the right tools can lead to an era of better productivity and performance

Beanworks Solutions Inc.'s Logo What an Invoice Approvals Process Looks Like in the Hybrid Age

Our survey with over 200 AP professionals found that they were spending one day per week on managing approvals. If your AP department uses a manual process for approving invoices and payments, you would know the common challenges that come with it.

GP Support North's Logo 3 key inputs to consider when selecting a new ERP (or staying)

With the announcement earlier this month of the new Dynamics GP 2021 Roadmap extended past 2028, there is now a new data point to consider when evaluating your options. Our team has pulled together the top 3 points to consider when selecting a new ERP.   GP Support North would like to encourage you to …

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Binary Stream's Logo The stream | How to handle consolidations and complex billing

This month we focused on common problems and solutions encountered during financial consolidation. From handling intercompany transactions to deciding whether usage-based billing is right for your company, there can be a lot to navigate. We published the complete guide to lease management and spotlighted DynaLIFE’s centralized lease management system. Check out the following resources to …

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