accounting

The best metric to gauge a company’s performance may not always be net income or earnings per share, as defined under U.S. Generally Accepted Accounting Principles (GAAP). Increasingly, companies are supplementing their financials with non-GAAP metrics.

Today, many companies are seeking innovative ways to improve their financial health. One area to focus on, that’s easy to overlook, is billing and collections.

External auditors are supposed to be public watchdogs who are “independent” of their audit clients, both in appearance and in fact. Here’s why independence and ethics are at the forefront of stakeholder concerns today.

Is your business using the optimal method of accounting? What’s right depends on your company’s size, level of sophistication and other key factors.

Businesses often stockpile cash during times of uncertainty. But this could be an inefficient, and costly, use of capital. Here’s how to systematically evaluate your company’s cash reserves.

Timeliness counts in financial reporting. Here’s why it pays to issue your company’s financial statements on time.

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.

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.

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?

Reconciling bank and credit card accounts can be time-consuming and tedious. However, timely reconciliations are essential to accurate financial reporting and fraud prevention.

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.

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.