The pace of business no longer aligns with monthly, quarterly, and annual reporting cycles. Deeper, and quite often instantaneous, financial insight is no longer a “nice-to-have”, as decision windows and reporting cycles continue to shrink.
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About David Fionda CPA
David has more than 30 years of experience with finance systems and has overseen more than 250 successful finance system implementations. He holds degrees in Accountancy from Bentley University and a Masters in Technology Commercialization from Northeastern University. He is a member of the Mass Society of CPA‘s and the American Institute of CPA’s
Entries by David Fionda CPA
While many aspects of traditional accounting remain the same, the place that manages this process is not. Cloud accounting is becoming a strong suitor in the market of finance technology, and is quickly rising up the ranks of favorite choice for CFOs, COOs, CEOs, and CIOs that want to streamline their business.
Why are so many accounting professionals choosing to move to cloud-based accounting? Here are the top five reasons.
In many companies, payroll is one of their most significant expense.
Outsourcing payroll no longer applies to just larger businesses. In most companies we work with, weekly or bi-weekly payroll expenses from the outsource provider are entered into the accounting system with a monthly journal entry. The result? Wasted manual effort and no visibility into payroll expenses as they are incurred.