Accounting

Running a closely held business is challenging. Owners usually prioritize core business operations — such…

As calendar-year entities wrap up financial reporting for the year, their external auditors work behind…

In recent years, the accounting rules have undergone significant changes, including updated standards for reporting…

When reviewing their income statements, business owners tend to focus on profits (or losses). But…

Profitable businesses often experience cash flow shortages, particularly if they’re experiencing rapid growth. Business owners…

Timing is critical in financial reporting. Under accrual-basis accounting, the end of the accounting period…

Public companies are required to evaluate and report on internal controls over financial reporting using…

Is your company planning to hire a new CFO? A recent survey found that hiring…

The average cost of a data breach has reached $4.88 million, up 10% from last…

Bookkeeping fundamentals are essential to accurate financial reporting. Using software solutions — such as QuickBooks®,…