It’s almost time for a midyear checkup on your company’s financial health
Time flies when you’re busy running a business. It’s important to pause at midyear and assess interim financial performance.
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Outlook
News, views, and ideas shaping the future.
Jason Wolfe
- Mar 16
- 3 min
How to minimize billing bottlenecks
Today, many companies are seeking innovative ways to improve their financial health. One area to focus on is billing and collections.
Linden Bumpass
- Mar 4
- 3 min
Cash vs. accrual accounting: What’s the difference?
Is your business using the optimal method of accounting? What’s right depends on your company’s size and other key factors.
Chris Luckhaupt
- Feb 13
- 2 min
Liquidity overload: Why having too much cash may be bad for business
Businesses often stockpile cash during times of uncertainty. Here’s how to systematically evaluate your company’s cash reserves.
Kristen Mull
- Feb 13
- 2 min
Inventory management systems: What’s right for your business?
Here are two alternative inventory management systems that could reduce your business’s inventory carrying costs and boost profits.
Nathan Oswald
- Feb 13
- 2 min
Solid financial reporting can help attract debt and equity financing
Access to capital is a major concern for business owners today. Timely, reliable financial statements are key to opening the door.
Chris Luckhaupt
- Dec 27, 2023
- 2 min
Tips for QuickBooks users: 5 mistakes to avoid during bank reconciliation
Reconciling accounts can be time-consuming & tedious. But, timely reconciliations are essential to accurate reporting & fraud prevention.
Jason Wolfe
- Dec 27, 2023
- 2 min
3 types of internal benchmarking reports for businesses
Business owners: You may be able to gain valuable insights from your financial statements with internal benchmarking.
Chris Luckhaupt
- Nov 27, 2023
- 3 min
Using QuickBooks to prepare 2024 budgets and forecasts
Planning the short & long-term future of your business? QB has analytical tools to help answer questions on profitability & cash flow needs.
Lydia Ritze
- Nov 22, 2023
- 2 min
Overview of the offsetting rules
Derivatives & other arrangements can help your business hedge against financial risks. How should these be presented on financial statements
Charlie Halcomb
- Nov 22, 2023
- 2 min
Some businesses may have an easier path to financial statements
Business owners: The accuracy of your financial statements is critical, but you have various options for how a CPA can evaluate them.
Stu Collopy
- Nov 21, 2023
- 2 min
Are you ready for year-end inventory counts?
For many businesses, a significant amount of working capital is tied up in inventory. Here are some essentials for year-end.
Linden Bumpass
- Nov 21, 2023
- 2 min
Accounting for M&As
Here’s an overview of M&A accounting rules to help minimize the guesswork (and rework) related to purchase price allocations.
Nathan Oswald
- Nov 20, 2023
- 3 min
What businesses can expect from a DOL benefits plan audit
Business owners: If your company offers a health plan or retirement plan that must comply with ERISA, you could be audited.
Jason Wolfe
- Oct 23, 2023
- 2 min
Tips for a faster month-end close
Closing the books at month end is a dreaded chore at many companies. Here’s how to simplify the process at your company.
Kristen Mull
- Oct 2, 2023
- 2 min
FASB approves updated rules for disclosing income taxes
New rules were approved that will require more detailed disclosures on taxes to help stakeholders understand your company's tax position.
Charlie Halcomb
- Sep 18, 2023
- 3 min
FASB finalizes new crypto standard in record time
Good news: Companies that invest in or exchange cryptocurrency assets will soon be allowed to report them at fair value.
Lydia Ritze
- Sep 11, 2023
- 2 min
Navigating the percentage-of-completion method
The accounting rules for reporting income from long-term contracts for book and tax purposes can be confusing. Here’s a brief overview.
Chris Luckhaupt
- Sep 11, 2023
- 2 min
Could your business benefit from interim financial reporting?
You may want to engage in “interim” financial reporting to produce insightful information more frequently.
Linden Bumpass
- Sep 1, 2023
- 3 min
Financial statements at a glance
To get a holistic assessment of your organization’s performance, it’s important to look beyond profits.
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