Cash vs. accrual accounting: What’s the difference?

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.

Liquidity overload: Why having too much cash may be bad for business

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.

Why it’s important to get your company’s financials done on time

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

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.

Auditing 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.

The 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?

Tips 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.

6 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.

Solid 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.

Best 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.

Auditing 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.

Independent contractor vs. employee status: The DOL issues new final rule

The deadline to comply with a new U.S. Dept. of Labor rule regarding worker classification is fast approaching. Is your company ready?