QuickBooks®, a widely used business accounting software, can be complemented by various marketing platforms for effective customer communication. By integrating these tools, your organization can synchronize customer data, facilitating a
On September 6, the Financial Accounting Standards Board (FASB) reached a unanimous decision to officially approve updated crypto accounting regulations. This decision was made less than five months after the
Is your organization engaged in projects that take longer than a year to complete? The proper revenue recognition for such long-term projects often necessitates using the ‘percentage-of-completion’ method. This article
Financial statements help to ensure transparency and accountability and provide investors and stakeholders with information about an organization’s financial performance. However, they also can be used internally by management to
Last month, the Public Company Accounting Oversight Board (PCAOB) released a report highlighting common instances of audit shortcomings among public companies. However, similar challenges are encountered by private companies while
In recent years, many overheard costs have skyrocketed – from utilities and interest expense to executive salaries and insurance. And although some companies have responded by passing along the increases
Your organization may need to track business miles for a variety of reasons, including tax deductions, reimbursements to employees for personal vehicle use, and to comply with IRS rules and
For business owners, navigating the complexities of the tax code and remaining apprised of tax law developments can be challenging. Among the areas that require special attention is financial reporting
The accounting profession is currently facing a severe talent crisis. Recent data from the U.S. Bureau of Labor Statistics reveals that approximately 17% of U.S. accountants and auditors have left
Is your organization providing health care and retirement benefits to its employees? According to the Employee Retirement Income Security Act of 1974 (ERISA), benefit plans with 100 or more participants
