Restructuring Debt as a Business Strategy
Many businesses are facing the financial effects of the pandemic. The loss of clients and decreased cash flow have forced businesses to make some hard choices that involve restructuring debt …
Leverage Your Accountant for Litigation Support
So much litigation these days is a money game that follows fraud dollars, exposes embezzlement and sets a dollar value for damages. Some accountants serve as expert witnesses to help …
Deciding Between a Compilation and a Review
Even a successful and growing small business may be asked for an audited financial statement by a banker, investor, creditor, or buyer. These third parties often want some assurance that …
What to Know about Audits and Financial Statements
You will want to prepare your financial statements in accordance with an accounting framework that’s appropriate for your business. Most of the time, you’ll opt for a CPA to produce …
Worried About the Monthly Close
The monthly close process should be standardized. Start by creating a list of standard journal entries that will promote consistency in monthly closings. The following types of adjusting entries produce …
Functions You Need in Construction Accounting Software
As construction firms evolve, they quickly outgrow their first-generation accounting software packages. That software was likely purchased when there was not a lot of capital on hand and not a …