Category

Accounting

Farmland and Red Tractor | Tangible vs intangible
Accounting
September 20, 2019

Spotting the Differences Between Tangible vs Intangible Assets

In August 2019, Financial Accounting Standards Board (FASB) member Gary Buesser issued a quarterly report on the status of reporting…
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Two business men shaking hands in an office space | Potential FASB Updates Put the Spotlight Back on Goodwill Accounting
Accounting
September 18, 2019

Goodwill Accounting and Potential FASB Updates

In July, the Financial Accounting Standards Board (FASB) announced they were considering making adjustments to the accounting protocol for certain identifiable…
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Exchange of flowers for money | Seven Strategies for Effective AR Collection
Accounting
July 30, 2019

AR Collection: 7 Strategies for Maximum Effectiveness

In 2018, CB Insights released the results of a survey regarding startup failures. Of the 101 failed startups surveyed, 29%…
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Banking and reporting hand close up | An interim report features condensed statements regarding a company’s financial status throughout the year.
Accounting
July 9, 2019

Interim Reporting: Understanding the Who, What and Why

It is critical to have a clear understanding of your business performance at any given point in time. This becomes…
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Accounting
May 24, 2019

Lean manufacturers: Reap the benefits of lean accounting

Standard cost accounting doesn’t necessarily work for lean operations. Instead, lean accounting offers a simplified reporting alternative that generates more…
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Accounting
April 5, 2019

Simplifying the accounting rules for convertible debt and equity

Distinguishing between liabilities and equity on a company’s balance sheet may seem straightforward. But difficulties arise when it comes to…
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Accounting
March 20, 2019

Automating your accounting department

Many businesses have adopted robotic process automation (RPA), or plan to do so in the future. While most RPA initiatives…
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Accounting
January 28, 2019

How do profits and cash flow differ?

Business owners sometimes mistakenly equate profits with cash flow. Here’s how this can lead to surprises when managing day-to-day operations…
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Accounting
January 1, 2019

Accounting for overhead costs

Accurate overhead allocations are essential to understanding financial performance and making informed pricing decisions. Here’s guidance on how to estimate…
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Accounting
December 21, 2018

How to prepare for year-end physical inventory counts

As year end approaches, it’s time for calendar-year entities to perform physical inventory counts. This activity is more than a…
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