Bookkeeping vs Accounting | Corporate professionals meeting for new business ideas
ConsultingOutsourced Accounting
January 2, 2020

Bookkeeping vs Accounting: Knowing the Key Differences

Every business and not-for-profit entity needs a reliable bookkeeping system based on established accounting principles. It is essential for assessing…
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Man sharing some new ideas in team meeting | When and How to Outsource Services
Consulting
December 16, 2019

When and How to Outsource Services

With changes in technology disrupting the market, companies of all sizes have embraced the strategy of outsourcing key back office…
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Even with a delay, the time is now to prepare for lease accounting standard ASC 842 | Excavator loading dump truck at coal mine
ConsultingOutsourced Accounting
November 20, 2019

Even with a Delay, the Time is Now to Prepare for Lease Accounting Standard ASC 842

As of November 15, 2019, the Financial Accounting Standards Board (FASB) officially delayed the effective dates for specified accounting standards,…
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Benefits of Outsourced Accounting | Female architect working at her home office desk
ConsultingOutsourced Accounting
November 15, 2019

Outsourced Accounting: 6 Benefits That Come From Outsourcing Your Accounting Needs

Any business owner, new or established, understands the need for accurate and up-to-date financial records. Between maintaining compliance with changing…
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ASU 2018-08 | Nassau Hall - Princeton University
Consulting
November 12, 2019

How ASU 2018-08 Affects Not-for-Profit Accounting

In June 2018, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2018-08, Clarifying the Scope and Accounting…
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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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Los Angeles cityscape during the day | LLC vs. S Corp: A Closer Look at LLCs and S Corps in California
Consulting
September 4, 2019

California LLC vs. S Corp: A Closer Look at LLCs and S Corps in California

For a long time, small business owners elected to operate their business as an S corporation (S corp) due to…
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Happy nurse taking care of a small girl | HRA vs. HSA: Understanding Your Healthcare Options
Consulting
August 12, 2019

HRA vs HSA: Understanding Your Healthcare Options

In 2010 President Barack Obama officially signed the Affordable Care Act (ACA) into effect, thereby requiring employers with at least…
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