Insights on the Latest Trends and Best Practices in *Accounting and Finance
Nonprofit organizations face unique financial and compliance risks that differ from those of for-profit entities. In this blog, we’ll discuss four of the most common finance and accounting compliance risks
Accurate retail data and speed go hand in hand for a successful retail business, whether you’re brick-and-mortar or online. If you react too slowly, you can end up with unnecessary holding costs for excess stock or stockouts that cause you to miss out on sales and hurt your reputation. As a retail leader, it’s crucial to precisely track inventory and leverage real-time Retail Data to minimize waste and understand the financial impact of your decisions. With so much going on, staying competitive means having accurate and up-to-date information.
In today’s business landscape, it’s no longer enough for companies to focus solely on financial performance. Environmental, social, and governance (ESG) considerations are becoming increasingly important for investors and other stakeholders. As a result, ESG reporting is becoming a crucial aspect of corporate reporting.
eCommerce payment processing can be daunting, with complexities of payment reconciliation and ever-present fraud threats that consume time and resources. We help streamline and protect payment processing, offering solutions that overcome critical challenges and free up time to focus on business growth.
The modern economic landscape is a study in contradictions. While recession talk lingers, the demand for high-level financial clarity has never been higher. For managing partners and fractional CFOs, the challenge isn’t just predicting the market—it’s finding the hands to do the work.
Transparency is no longer an option, but an imperative in today’s business landscape. Trust is vital for success and transparency plays a crucial role in building it. Forbes defines Business Transparency as being honest about various company operations such as performance, revenue, internal processes, sourcing, pricing, and values. It is a critical tool for sustained growth in any industry.
Contributions are critical to NPOs, and in-kind items like products and services are also valuable. However, recent concerns about the overstatement of their value have led to changes in accounting standards. The ASU 2020-07 provides more transparent and credible presentations and disclosures of nonfinancial asset contributions.
Discover cost management techniques for non-profits to balance mission impact with financial sustainability. Learn how to optimize resources and control expenses.
Surviving businesses still face the possibility of shutdown and doubts about continuing operations. Accurate accounting reports are essential to ensure compliance and meet stakeholder expectations.
The purpose of this (ASU) 2019-12 update is to reduce complexity, minimize cost, and improve the quality of information provided to financial statement users. This update aims to ease the difficulties that business professionals often encounter when dealing with accounting for income taxes.
Nearly three years post-pandemic, the Great Resignation that fueled a mass exodus of talent from US companies may feel like a distant memory. And continued talk of a recession might create the impression that hiring is set for a slowdown. But in reality, countless organizations across a wide range of industries are still struggling to hire qualified employees. The accounting field in particular is feeling the pinch.
When outsourcing accounting functions, it is important to select the service provider that best meets the needs of your organization. To ensure a successful selection process, asking yourself the following eight questions can help narrow down the choices and make an informed decision.
Strengthen nonprofit finances—budget smarter, monitor cash flow, and boost sustainability.
To start a business takes incredible determination and perseverance as well as unwavering vision. Creating a successful startup company – and growing that company – is always cause for celebration.
If you lead a successful CPA firm, you’re always pleased when existing clients hire you for more work and refer other companies your way. A growing client base is great news—until you hit capacity and you’re unable to manage the workload and still maintain a high level of service.