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Goodwill Impairment: Updated Standard Offers Reporting Relief
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…
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Why Outsourcing Accounts Receivable Makes Sense
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…
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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…