A portfolio company’s finance function plays an integral role in meeting board expectations and company goals with flexibility.
Strong digital business systems and accounting leadership can help you develop business resilience and stay ahead of change.
Automating your accounting workflows frees your accounting team to become your strategic partner.
When migrating to cloud accounting, discuss and implement these cloud security best practices before onboarding remote professionals.
What does an accountant do that can benefit your small business? Learn how to get support with monthly reconciliations, tax, audits and more.
Recording goodwill impairment just got easier. With an unprecedented number of businesses negatively impacted by the COVID-19 pandemic, the Financial Accounting Standards Board (FASB), approved Accounting Standards Update 2021-03 (ASU) in March 2021 to help businesses get their financial statements in sync with their current economic condition. Any private company or non-profit that shows a higher value on their books than what they could get by selling the business today needs to evaluate whether they can—and if they should—take advantage of this new accounting option.
As a business owner, you probably are already aware of cash basis vs. accrual basis accounting. Here, we’ll explain the differences between them and help you decide which one is right for your business. Finally, we’ll show you how to switch from one to the other.
No matter the size of a business, outsourcing accounts receivable is useful in many aspects. Growth-oriented businesses may not yet require a full-time AR clerk or analyst; enterprise-sized organizations may need to rapidly scale up their accounting departments during busy times of the year. Either way, finding the talent you need, you need it is a powerful … Continued
New year, new teams. As organizations evaluate their staffing needs for 2019, many—with an eye on the upcoming tax season—may be considering their finance team needs.
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.