AccountingDepartment.com

Category: Content
Type: Blog Article

Generated 1 week ago

New blog articles detected

  • How CFOs Can Keep Bookkeeping From Ruining Their Clients

    When it comes to a company’s bookkeeping practices, the business will only operate as efficiently as the processes that are in place. Proper bookkeeping is essential to the health of any company. If it’s done poorly, it can ruin a business gradually through higher costs, canceled vendor services and lost profits. As you move into a small or midsize business to oversee its financial aff...

  • Should Your Bookkeeper be a Technophile?

    For some business owners, the task of finding good bookkeeping services to handle their daily business needs can be on a par with finding the holy grail. It’s a never-ending quest that rarely results in complete satisfaction. The big problem always seems to be finding a bookkeeper that’s got loads of skill and is also adaptable to change. In particular, technological change. But do ...

AccountingDepartment.com

Category: Content
Type: Blog Article

Generated 2 weeks ago

New blog articles detected

  • Failure is Temporary: Using Financial Missteps to Your Advantage

    Whether you have been in business for decades, or you are just getting started, money management can be an issue no matter which bookkeeping services or controller services you use. The good news is that one financial misstep is not the end of the world. In fact, you could be able to use those mistakes to gain insight into your operations and forestall issues in the future.

  • How To Afford The CFO Your Company Needs NOW

    The thought of needing to hire a CFO (chief financial officer) may have never crossed your mind as a small business owner. When businesses experience unexpected rapid growth or become large enough that the financial responsibilities are becoming too much for the owner and staff to handle on their own, the investment of hiring a CFO will pay for itself tenfold in convenience. Howev...

  • Is Inventory About To Ruin Your Business?

    Product quality and customer service won't matter if you can't get inventory in the right place at the right time. Failing to fix an inventory problem could mean the end of your business.

  • Per Diem Made Easy: A Tutorial for the New Government Contractor

    You're finally at the point where your employees get to travel. But getting reimbursed for travel and expenses seems to have an awful lot of rules. Learn everything you need to know about what's allowed and how much you're entitled to per GSA Per Diem reimbursements.

  • 5 Trends Driving Disruption in the Accounting Industry

    Sweeping disruption of the accounting industry is imminent. Massive technological change and shifting consumer trends demand a new approach to how the industry creates value for clients. Some services are more vulnerable to disruption than others. For example, basic transactional accounting services have already been largely automated (though adoption has varied significantly across ty...

  • Negotiate Your Way to Startup Funding With These 5 Tips

    When you're raising money to grow or start your business and have investors in mind, you need a game plan to get funding. Unless you inherited millions of dollars to invest in your ideas, bootstrapping a startup won't cut it. Instead, try this five-step plan to negotiate your way to startup funding:

  • 10 Keys to Better Budgeting and Forecasting for CEOs

    A company relies on the vision of its CEO to navigate the competitive waters of its own industry and to understand how outside forces can affect the company's progress towards its goals. The budgeting and forecasting processes are the ways in which a CEO formulates their ideas and then gives those ideas structure.

  • Year-End Payroll Timing: Deadlines and Payment Scheduling

    As the end of the year approaches, it's important to be ready for your final payroll. Here's how to handle the accounting along with the important new IRS deadlines you need to meet.

  • Why Companies Are Not Outsourcing Their Accounting Services

    We regularly explain and blog about the many benefits of outsourcing accounting services. From removing from the need to be an expert outside of your core competencies to leveraging the collective knowledge base of a group of top professionals, there are many reasons to consider outsourcing. However, we also acknowledge that outsourcing isn’t the only solution—and it isn’t just “for ev...

AccountingDepartment.com

Category: Content
Type: Blog Article

Generated 4 months ago

New blog articles detected

  • 9 Bad Habits About To Ruin Your Bookkeeping This Year

    Are you worried you might be engaging in some (really, really, really) bad bookkeeping habits? Perhaps some seem bad but not terrible---like overflowing, poorly organized filing cabinets. And perhaps others may be triggering red flags in your mind (is your check ledger sitting on your bookkeeper's desk right now?)

  • When Do You Need to Issue 1099s?

    After failing to pay your taxes, failing to file the appropriate returns is the second easiest way to incur the wrath of the IRS. Your reporting obligations go beyond issuing W-2s to your employees. Many other outgoing payments should be reported on Form 1099.

AccountingDepartment.com

Category: Content
Type: Blog Article

Generated 5 months ago

New blog articles detected

  • Resolving the Top 3 Sources of Conflict for Controllers

      Advances in technology are rapidly reducing the resources controllers must devote to routine tasks, leaving more opportunity for strategic planning. The timing couldn’t be better, as competition from global and internet-based companies continues to grow. Controllers are uniquely positioned to add value by spotting areas of opportunity for reducing expenses and using strengths to gre...

  • Angels, Crowds and Seeds: Choosing the Best Funding Options

    Raising capital for your emerging business may seem intimidating because funding opportunities are more diverse than ever. Learn the basics of angel investing, equity crowdfunding and seed funding, and discover how to choose the best one for your company.

AccountingDepartment.com

Category: Content
Type: Blog Article

Generated 5 months ago

New blog articles detected

  • How to Create a Travel Policy That Follows Sound Accounting Practices

    When you create a travel policy, your first goal is to reduce risks through standardization and clarity. A close second should be creating a strong accounting system to track your travel expenses. This will allow you to accurately update your books, and with that information, you'll be able to better control your costs.

  • The Art and Science of Establishing KPIS for Professional Services Companies

    Among the hundreds of professional services companies we count as clients, we have figured out one thing that rings true across all of them: there is no set formula for establishing and monitoring KPIs. Even within specific sectors, such as architectural firms or law practices, we have seen client after client tweak the fundamental data behind a KPI to fit their specific needs. However...

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