Best practices for expense reporting
When it comes to expense reporting, having rigorous financial controls is critical to operating a profitable business. You should monitor expenditures incurred by employees on behalf of the company. This enables your organization to track spending, control costs and maintain […]
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End purchase order chaos with a structured approval process
Does your business have a formal process for approving purchase orders? A standardized process can help promote efficient business operations and informed decision-making.
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Why audited financials matter
An external audit requires an investment of time and money. But the payoff can be significant when it comes to the long-term success of your business.
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Surprise audits are proven to fight fraud
Does your organization conduct surprise audits? A recent study found that companies without this antifraud control in place are at significantly higher risk for occupational theft and financial misstatement.
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4 cost-cutting areas to help your business boost profits
When was the last time your business performed a formal expense review? This exercise can pay off by lowering costs and raising profits.
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4 bookkeeping pitfalls for small businesses to avoid
Some entrepreneurs underestimate the importance of maintaining organized books and records for financial reporting purposes. Here are four tips for building a solid bookkeeping foundation.
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New survey reveals top audit committee concerns
Our audit team understands the challenges audit committees face today. Here are five top concerns identified in a recent study.
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It’s almost time for a midyear checkup on your company’s financial health
Time flies when you’re busy running a business. It’s important to pause at midyear and assess interim financial performance. Otherwise, you could be surprised by your company’s year-end results.
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ESG audits: Navigating new frontiers in corporate responsibility
Does your business provide environmental, social and governance (ESG) reports or disclosures? This is a hot financial reporting topic among stakeholders that warrants attention in today’s markets.
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How to communicate accounting information to laypeople
Stakeholders want accurate, transparent information about your organization’s financial performance. It’s up to you to supply them with information they fully understand to make informed decisions.
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6 tips for lowering energy costs to boost profits
Happy Earth Day! In recognition of this “green” holiday on April 22, here are some energy-saving tips for your business that can help save money and the planet.
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Getting a handle on inventory
For retailers, manufacturers and many other businesses, a significant amount of working capital is tied up in inventory. What can your company do to lower its inventory carrying costs?
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