Goodwill Accounting: What You Need to Know
When selling or merging a business, goodwill is referred to the intangible assets that represent the excess purchase price over the fair market value acquired during the purchase of an organization.
Author: Paro
Myths About Part-Time CFOs—and Why They’re Untrue
The gig economy is rapidly expanding in the United States and across the globe. Everything from physical labor to knowledge-intensive roles are now awarded to external workers with different sets of insights as internal workers.
The Top 5 Myths About Bookkeeping Services
There are various myths that swirl about the bookkeeping profession, and while the stereotypes likely contain a grain of truth, there is certainly considerable distortion regarding the actual work of bookkeepers.
Why Conducting a Financial Analysis Could Save You Money
Are you hesitating to enter uncharted territory? Conducting a financial analysis for your company might seem like a difficult and daunting prospect, and there are several possible reasons you might be avoiding it.
Top 3 Pitfalls to Avoid When Conducting a Financial Analysis
Whether companies are looking to grow, hire, invest or sell, an in-depth, accurate financial analysis can make all the difference. Unfortunately, far too many companies make completely preventable mistakes…
Corporate Financial Analysis: How It Works and Why You Need It
Financial analysis sounds like a pretty straightforward concept, but there are many variations on how to do financial analysis—and why.
Why Outsource Financial Planning and Analysis?
The reasons for outsourcing are myriad, including previously gained expertise and the reduction of the financial burden stemming from full-time staff. Some software licensing may come along with the package, and industry best practices are likely to be passed on to the hiring company.
Creating a Corporate Budget You’ll (Actually) Stick to This Year
Like New Year’s Resolutions, corporate budgets are something a finance team is supposed to track throughout the year. All too often (and very much like resolutions), corporate budgets are created and immediately cast aside mere weeks into the calendar year.
How to Ramp Up a Remote Accountant?
Does it take long to ramp up a Paro accountant? The answer, in a word, is no. In fact, working with a Paro accountant or ad-hoc team might very well prove more efficient and effective than doing the job with onsite resources. At Paro, once we assess your needs, we can quickly put together a … Continued
How to Know You Need to Switch CPAs
As the head of a business, you have a lot on your plate. That’s why you brought on a CPA to manage your business’s money. Hopefully, your CPA has saved you time and money, as well as providing a wealth of financial information. If you’ve faced any financial changes, up to and including an audit, … Continued