Tag: Assurance

In any new business venture, accounting is an essential element to consider. Unfortunately, it’s also an area where startups tend to make mistakes. Let’s look at  a few common (and

Often, Companies often rely on estimates made by management when reporting financial results. Examples include the allowance for doubtful accounts, warranty obligations, costs of pending litigation, goodwill impairment, and the

Audits and tax returns are not all that CPA firms do. They also can help with your day-to-day accounting-related needs. Everyday tasks such as bookkeeping, budgeting, payroll, and sales tax

When COVID-19 hit and the U. S. went into lockdown, remote work became a buzz topic. Like many companies, audit firms quickly shifted to remote auditing through the use of

QuickBooks® is the leading accounting software program for small and medium-sized organizations. If you’re interested in using QuickBooks for your bookkeeping needs, you may have questions about implementation and using

The U.S. Generally Accepted Accounting Principles (GAAP) has talked about converging with the International Financial Reporting Standards (IFRS) for quite some time. However, the formal convergence project lost steam around

Every business needs timely and accurate financial information. This is an essential element of any successful organization. There are several accounting methods you can use to record and track your

What is the common connection between Tesla cars, smart TVs, and equipment used for making french fries? The answer according James Kroeker, is embedded software. Kroeker is the Vice Chair

Often when ann organization gets to a certain size, their practices can stay the same for a long period of time. The same can be said for many organization’s accounting

Leadership departure can often be a double-edged sword. It can create difficulties, but it also presents a good opportunity for assessing accounting performance and developing a vison for how your