Using agreed-upon procedures to target specific items of concern

If you want to know more about a specific account or nonfinancial matter, an agreed-upon procedures engagement may fit the bill.

How to report software costs

Accounting for software costs is one of the gray areas in financial reporting. Fortunately, the FASB’s working on a project to simplify matters.

Is it time to update your accounting practices?

Have your accounting procedures and systems kept up with the times? Here are five tips to consider.

Reap the benefits of QuickBooks software solutions

Many small and midsized businesses use QuickBooks for bookkeeping purposes. Are you taking advantage of all that your accounting software has to offer?

What to do if your CFO or controller leaves

The Great Resignation has caused significant turnover at many organizations. And finding replacements for high-skill positions can be challenging in today’s labor market. Here are four questions to ask if your accounting team leader unexpectedly leaves.

Accounting policies and procedures are essential for nonprofits, too

Not-for-profit entities may not focus on earnings per share, but that doesn’t mean they can afford to neglect their accounting function. Here are some tips to help nonprofits run a well-oiled accounting department

Preparing for year-end inventory counts

A physical inventory count gives a snapshot of how much inventory your company has on hand at year end. Are you ready to start counting?

SEC Chair Gensler warns about conflicts of interest

The SEC is committed to preventing conflicts of interest. Regardless of whether your organization is public or private, here’s what you should know to protect the perceived reliability of your audited financial statements.

New accounting rules for supplier finance programs

Newly issued rules on how to report supplier finance programs will provide critical information on the financial health of companies. Here’s what you should know if your company participates in these kinds of arrangements.

Boo! Consider a surprise audit to keep your accounting department on its toes

Routine financial statement audits are great for corporate governance. But could your organization also benefit from periodic “surprise” audits?

Ratio analysis: Extracting actionable data from your financials

Here are four categories of financial ratios that can help you make better, more-informed decisions about your company’s financial future.

Federal Tax News for Individuals

1. Contribute More to Your FSA in 2023 2. Possible Tax Legislation by Year End and Beyond 3. Do You Know What Your Filing Status Is? 4. RMDs: Important Considerations for Certain Taxpayers 5. Court: Charitable Donations Must Be Substantiated