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
As a small business owner, optimizing customer profiles in QuickBooks may seem like a minuscule task. If you use QuickBooks® to set up customer profiles, you may be tempted to
In today’s unpredictable economic landscape, managing accounts receivable presents notable challenges. To maintain your organization’s financial well-being, it’s essential to periodically reassess your billing and collections procedures, striving for efficiency
Timely financial data is key to making informed business decisions. Unfortunately, it is common for managers to struggle with their companies’ accounting systems to get the information they need when
The demand for qualified accounting and finance personnel has grown as business owners struggle to manage unpredictable cash flows, increased costs, and new government policies and financial aid packages. Plus,
Many companies struggle to close the books at the end of the month. The month-end close requires accounting personnel to compile data from across the organization. Under normal conditions, this
Imagine this scenario: A company’s controller is hospitalized for COVID-19, and she is the only person inside the company who knows how its accounting and payroll software works. She also
