Category: Accounting & Auditing News

Liquidity overload: Why having too much cash may be bad for business

In today’s uncertain marketplace, many businesses are stashing operating cash in their bank…

Inventory management systems: What’s right for your business?

If your business has significant inventory on its balance sheet, it can be…

Solid financial reporting can help attract debt and equity financing

Financial reporting plays a key role when a business needs funds for continued…

Best practices for M&A due diligence

Engaging in a merger or acquisition (M&A) can help your business grow, but…

The future of accounting: How to embrace cutting-edge technology

Technology is transforming the accounting profession. When businesses moved from paper ledgers to spreadsheets, it improved…

Tips for QuickBooks users: 5 mistakes to avoid during bank reconciliation

Reconciling bank accounts is critical to ensuring the accuracy of your company’s accounting records. The primary…

What is your external auditor’s responsibility for cybersecurity?

Data breaches can be costly. The average total cost of a data breach…

Spring cleaning in QuickBooks

Have your company’s accounting records become cluttered with duplicate items and unused accounts? When you need…

New-and-improved accounting rules for common control leases

On March 27, 2023, the Financial Accounting Standards Board (FASB) published narrowly drawn amendments to the…

Tap into specialized functions in QuickBooks

QuickBooks® provides an all-in-one solution that helps some small and medium-sized businesses manage their finances. While…