Accounting Insights


Accounting Today: Tools and Trends

Accounting today is faster and less labor-intensive than ever before. Besides industry trends and reporting requirements, financial professionals must also be adept in the newest accounting tech. Data management and analysis are increasingly becoming a greater focus...

Alternatives to QuickBooks®

Your business is right on the cusp of success, and you can taste it. Up until this point, your accountant has been using QuickBooks to track your expenses and other banking activity, and, so far, it’s been managing your cash flow just fine. But, the company needs to...

Ways to Make Project Accounting Work for You

Throughout every industry, working with projects involves managing several layers of challenges, as leaders must balance achieving goals while remaining within budget. Any given project will have multiple components and deliverables, but what connects them all is...

The Schedule K-1: What You Need to Know

Ah, tax season. It is upon us. You’ve heard of the “April 15” date for personal tax returns. But most small, growing businesses have another form looming over them – the Schedule K-1 form. Here’s what you need to know about the Schedule K-1. What is a Schedule...

Why Budget when Nothing Goes as Planned?

Congrats! You’ve made a master plan for your business. Your team is qualified, and your budget is prepared. But, after the first quarter, the money doesn’t align with your projected budget. When this happens, it’s known as a budget variance. Budget variance is...

What is Deferred Revenue and How Does it work?

When we think of how companies earn revenue, it seems pretty simple; a product is purchased or a service is provided and the customer pays. The company has just earned revenue. However, deferred revenue (also commonly referred to as unearned revenue) is not quite that...

Demystifying the Language of Debits and Credits

Since ancient times, bookkeeping and accounting methods have been a means to record entries and manage financial information. From the first use of handwritten ledgers to the cloud-based accounting tools used today, it is no surprise how commonly used terms such as...

Bank Reconciliation Made Easy

How long does it take you to reconcile with your bank?  Better yet, check or adjust for any discrepancies between bank your statements and present accounting records.   This process can often exhaust a lot time and manual effort balancing between your...