Inventory management systems: What’s right for your business?
Carrying too much inventory can be costly. Here are two alternative inventory management systems that could reduce your business’s inventory carrying costs and boost profits.
Read MoreAuditing revenue recognition
Many companies struggle to follow the accounting rules for revenue recognition, particularly if they work on long-term projects. An external audit can help you get it right.
Read MoreThe future of accounting: How to embrace cutting-edge technology
Artificial intelligence is a hot topic among business leaders. Should your company make a New Year’s resolution to evaluate AI’s potential to improve its financial reporting and planning?
Read MoreTips for QuickBooks users: 5 mistakes to avoid during bank reconciliation
Reconciling bank and credit card accounts can be time-consuming and tedious. However, timely reconciliations are essential to accurate financial reporting and fraud prevention.
Read More6 tips to improve job-costing systems
Is your company’s job-costing system accurate and user friendly? Tracking costs can help identify which projects and customers are the most (and least) profitable.
Read MoreSolid financial reporting can help attract debt and equity financing
Access to capital is a major concern for business owners today. Timely, reliable financial statements are key to opening the door to the debt and equity funds.
Read MoreBest practices for M&A due diligence
Are you contemplating a merger or acquisition in 2024? Comprehensive financial due diligence is the cornerstone of a successful deal.
Read MoreAuditing concepts: Close-up on materiality
What’s materiality? This is an important accounting concept to review before audit fieldwork starts for your 2023 year-end financials.
Read MoreNo question: Management interviews are a critical part of the business valuation process
Management interviews provide important fact-finding opportunities when valuing a business. Beware: In litigation, skipping this step may compromise a valuator’s credibility and the quality of his or her opinion.
Read MoreLiquidation vs. going-concern value: What’s right for a distressed business?
For businesses contemplating bankruptcy, a valuation can help management decide how to proceed. But these business valuations differ from those of healthy companies.
Read MoreLevels of value: Why it matters in a business valuation
How much control does a business owner have? How readily can the business interest be converted to cash? These questions need to be addressed to determine the appropriate level of value in a business valuation.
Read MoreWhat is your external auditor’s responsibility for cybersecurity?
What’s the average cost of a data breach? As average losses continue to rise, it’s important for companies to understand the scope of auditors’ responsibilities related to cybersecurity.
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