Why can’t my profitable business pay its bills?
Bills, bills, bills! From utilities and payroll to taxes and supplies, there’s always a bill that needs to be paid when you own a small business. When cash is short, it pays to understand the differences between profits and cash flow.
Read More Measuring fair value for financial reporting purposes
Fair market value is the appropriate standard of value in most business valuation assignments. But when valuing an asset for financial reporting purposes, fair value is generally used. Here’s an overview of what fair value is and how it differs […]
Read More Tap into specialized functions in QuickBooks
QuickBooks comes with a lot of bells and whistles. Here’s a look at some helpful advanced business management features that you might not be aware of.
Read More Close-up on sources of substantive audit evidence
What types of information and procedures do auditors use to verify account balances and transactions? Anticipating document requests and inquiries can help make your next audit more efficient.
Read More Common accounting pitfalls for startups to avoid
Entrepreneurs often invest blood, sweat and tears to start new businesses. But few are experts in financial reporting. Don’t let accounting mishaps derail your startup!
Read More Use visual aids to enhance financial reporting
A picture is worth 1,000 words … or numbers. Here’s how graphs, charts and other visuals can make your financial data more digestible to financial statement users.
Read More Now hiring: 10 questions to ask bookkeeper candidates
Are you looking for someone to manage the books and records for your small business? Whether you’re operating a startup or an established business that recently lost its bookkeeper, hiring the right person for these tasks can be challenging. Selecting […]
Read More Coming soon: 5 accounting rules that take effect in 2023
Five accounting rule changes go into effect for certain entities this year. Which ones are relevant to your organization?
Read More FAQs about QuickBooks
What software does your organization use for its accounting needs? Here are answers to frequently asked questions about one of the most popular options: QuickBooks.
Read More What happened to the international convergence project?
The project to merge U.S. and international accounting rules hasn’t completely been abandoned. Here’s how global accounting rule makers are continuing to collaborate to make worldwide capital markets more efficient.
Read More Pick the right accounting method for your business
Has your accounting method kept up with your financial needs? It periodically makes sense to evaluate how you’re reporting financial results and, when necessary, revise your approach
Read More Auditing accounting estimates
Auditors are skeptical of accounting estimates. Here’s what they’re looking for and why, in recent years, they’ve upped the ante on audit procedures related to estimates and the use of specialists.
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