Fixed numbers and historical facts aren’t the sole proponents of financial statements. Instead, financial statements often rely on accounting estimates. Management gathers accounting estimates by giving their best judgements about
Quarterly financial reporting frequency has provided the opportunity for fair, efficient, and well-functioning markets for decades. However, recently, President Trump took to his social media to suggest that public companies
On September 18, 2025, the Financial Accounting Standards Board (FASB) issued updated guidance on how companies should account for costs regarding developing internal-use software. The revisions aim to lower compliance
Business decisions such as launching a new product line, investing in new equipment, or changing pricing structure are considered major changes and should never be made based on gut instinct.
Under U.S. Generally Accepted Accounting Principles (GAAP), a company’s financial reporting is based on the going concern assumption—unless management intends to liquidate the business. If there are doubts regarding the
For many businesses, accounts receivable (AR) is one of the largest assets on the balance sheet. It represents the cash you’ve earned but haven’t yet collected. Efficient AR management is
As year end approaches, many businesses will soon be preparing for their annual audits. One key consideration is ensuring there are no potential conflicts of interest that could compromise the
Today, many organizations rely on cloud-based tools to store and manage data. However, the costs to set up cloud computing services can be significant, and many business owners are unsure
Are your company’s financial statements keeping up with how people consume information today? We live in a world that scrolls, swipes, and scans. With information coming at us nonstop, most
QuickBooks® can be a powerful tool for managing your company’s accounting records, but like any software, it’s only as accurate as the information entered into it. If you’ve ever generated
