Reporting non-GAAP measures

Warning: Non-GAAP metrics can sometimes mislead investors! That’s why some stakeholders want a formal definition of EBITDA to be added to the accounting rules.

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Beware of the gray areas in accounting

Accounting compliance doesn’t necessarily equate with economic reality. Former Enron CFO Andrew Fastow, one of the “poster boys” for corporate fraud, warns that misstatement often happens because of ambiguity and complexity in the accounting rules.

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Spring cleaning in QuickBooks

Over time, it’s common for accounting records to become cluttered with unused and duplicate list items. Here are some ways for QuickBooks users to clean things up and make data entry more efficient.

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