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.

Scrubbed, an outsourced professional services firm specializing in accounting, tax, and corporate finance, today announced that it has joined the Oracle NetSuite Solution Provider Program. With NetSuite, Scrubbed will help its customers take advantage of a powerful cloud ERP system to gain the visibility and control needed to adapt and thrive.

Adopting DEI culture in the workplace improves employee engagement and productivity, enhances company reputation and attracts top talent, and increases innovation and creativity. It also helps companies to better understand and serve diverse customers.

The CECL model is intended to provide financial statement users with more timely and relevant financial information that is not just based on past events and current conditions but also forward-looking information.

To grow and thrive going forward, CPA firms must have access to the right staffing resources to provide high-quality services to their clients and capture new business opportunities. However, the industry is suffering from staffing shortages that leave CPA firms shorthanded and their employees’ bandwidth stretched.

Businesses are feeling the pressure of accounting and finance professionals shortage. This shortage has implications for businesses as they struggle to find qualified employees to fill these roles. To add fuel to the fire, fewer college graduates are entering into accounting and finance careers, which compounds the problem.

Unlike every other companies, SaaS in particular need to be specially aware of the new updates in revenue recognition due to their subscription-based income streams. It may not be obvious at first glance but the consequences of failing to do so can be steep. The things is, how do you know if you're doing it right?

A Special Purpose Acquisition Company (SPAC) is a non-complex publicly-traded company that aims to acquire a private company. Fueled by a sudden upsurge in these transactions in 2020, SPACs have become very popular and extensively leveraged by private companies and investors.

As the threat and effects of global warming become more apparent, the need for green accounting is becoming more evident. The impact permeates every aspect and function of an organization, including its accounting. As more businesses shift to green accounting, it's important to understand what this concept involves and how it affects your accounting function. In this blog, we'll discuss the emerging ESG updates and how to pivot your company towards it.

For businesses today, one of the biggest challenges related to tax planning is finding the right tax professional early enough in the taxable year to help ensure that planning processes move forward smoothly and are beneficial financially. Typically, businesses start their tax planning during fourth quarter, which they believe leaves them ample time to implement the plan – but this may not be the case.

ESG criteria are playing an increasingly important role in business decision-making. From an accounting perspective, it is important to understand how ESG can impact your business. This blog will explore some of the ways in which ESG can affect your financial reporting and offer recommendations on how to stay ahead of this trend.

Finance and accounting responsibilities can be complex and time-consuming, especially for small businesses. Outsourcing these tasks to experts can help fill internal skills gaps, deliver supplementary support during busy seasons, or provide assistance as the business scales.

In Part 2, we offer three more tips that can help you reduce the odds of inventory stockouts—especially for your most important products—so you can avoid losing sales and customers.

In today's business world, more and more companies are recognizing the advantages of outsourcing their accounting functions. Outsourcing provides a number of benefits including cost savings, improved efficiency, and access to expert knowledge. This blog post outlines 10 reasons why outsourced accounting is all the rage. If you are considering outsourcing your accounting, this post is a must-read.

Discover the four reasons why outsourcing finance functions is becoming a trend, and why businesses of all sizes can benefit from it. The outsourced finance function can help businesses save money, free up time and resources, improve efficiency, and gain access to expert knowledge and advice. Implementing an outsourced finance function can help businesses of all sizes take their operations to the next level.

When searching for an accounting firm to outsource your nonprofit's financial management, look for one with extensive experience in nonprofit accounting and tax compliance. The ideal candidate will have a deep understanding of the complexities of nonprofit accounting and be able to effectively communicate with you about your unique financial needs and goals. This will help ensure that your nonprofit remains in compliance with all tax laws and regulations.