For businesses that perform contract-based work, change orders are an inevitable in your operations—whether provide construction, engineering, information technology, manufacturing, or other custom services. Although change orders are inherently disruptive
With 2025 coming to a close, it’s important to review your organization’s accounting for unused paid time off (PTO). Unused vacation, sick leave, or personal time are some of things
As year-end approaches, calendar year entities that issue audited financial statements are gearing up for audit fieldwork. This includes tasks like closing their books, preparing schedules, and coordinating with external
Year-end physical inventory counts may be needed for businesses with significant inventory such as retailers, manufacturers, contractors, and others when issuing audited financial statements. Auditors observe these counts to evaluate
Before you buy new accounting software or update your current solution, there are certain criteria that are critical to evaluate. The right platform can help streamline operations and improve financial
When business is booming, billing best practices can easily be overlooked. After all, once invoices go out and payments come in, it may feel like everything’s on track. But small
Evaluating how a business will perform in the future is crucial to many managers and external stakeholders. This differs from financial statements, which report historical financial performance. When evaluating strategic
For many businesses, inventory is one of the most significant assets on a balance sheet. Under the U.S. Generally Accepted Accounting Principles (GAAAP), you have flexibility in how inventory is
Maintaining financial health and making informed decisions are crucial accounting practices for your business or organization. It doesn’t matter if you run a for-profit business or a non-profit, these practices
As 2025 winds down, owners and managers are ramping up their end-of-year business budgeting and planning efforts for the new year. A key part of the annual budgeting process is
