Start cross-training your accounting team today

Thursday, September 28, 2023
The accounting profession is facing a talent crisis. The U.S. Bureau of Labor Statistics estimates that roughly 17% of U.S. accountants and auditors have left their jobs over the past...... Read More

Is Your Auditor Qualified for Your Employee Benefit Plan?

Thursday, September 21, 2023
Does your organization offer health care and retirement benefits for its employees? Benefit plans with 100 or more participants are generally required to have their annual reports audited under the...... Read More

Quality counts with Receivables

Thursday, September 14, 2023
Accounts receivable are sometimes a sizeable line item on the balance sheet. But is it possible to accept the reported number at face value, or could the truth be more...... Read More

Use timely flash reports to supplement your financial statements

Thursday, September 07, 2023
A corporation or charity's ability to function successfully depends on timely financial information. In today’s dynamic marketplace, you may need to act fast to ward off potential threats and risks —...... Read More

My successful business isn't able to pay its bills, why?

Thursday, August 17, 2023
You're not the only one if your prosperous firm struggles to make ends meet. Many business owners wrongly link cash flow with profitability, which results in checking account deficits. The...... Read More

Is QuickBooks a good choice for your nonprofit?

Thursday, August 10, 2023
Non-profit organizations exist to fulfill charitable or non-monetary aims, not to generate profits or increase value for investors. However, they must continue to keep an eye on their financial situation,...... Read More

FASB exempts private companies from expense disclosures

Thursday, August 03, 2023
Private businesses can sigh with relief: The Private Company Council and the Financial Accounting Standards Board (FASB) have decided to forgo voting on an upcoming proposal that, if adopted, would...... Read More

Discontinued operations reporting overview

Thursday, July 27, 2023
The COVID-19 epidemic, geopolitical unpredictability, increased expenses, and declining customer confidence have all upset traditional business strategies in a number of industries. The amended accounting guidelines for disclosing discontinued activities...... Read More

Achieving the right balance of working capital

Thursday, July 20, 2023
A crucial performance indicator is working capital, which refers to the money your business has committed to accounts receivable, accounts payable, and inventory. Managers look for ways to free up...... Read More

How can Quickbooks be used as a Fraud Detection tool

Thursday, July 13, 2023
Many businesses and nonprofits use QuickBooks® as a cost-effective solution to manage their accounting processes. However, the software’s capabilities extend beyond organizing and streamlining your company’s accounting. QuickBooks can also...... Read More