accounting

Internal Controls over Cash for Small Businesses and Not-For-Profits

Whether your organization is a not-for-profit or a small business, cash is one of your most valuable assets. It should be safeguarded by establishing internal controls to prevent fraud and identify errors. However, in small organizations, this may be a challenge due to limited resources for the following reasons: Hiring employees with the appropriate skillsets [...]

How Businesses Should Account for Liabilities

Nobody likes debt, but it’s often an inevitable part of a company keeping its doors open for business. In this post, we’ll cover how businesses should account for liabilities. We’ll provide the two types of liabilities most businesses incur, along with three examples -- and we’ll show you how a business should account for them. [...]

By |2015-12-03T17:24:42-08:00December 3rd, 2015|accounting|0 Comments

Measuring The Value Of Cost Accounting For Manufacturing Companies

In order to control internal operations and make sound business decisions on behalf of their business, managers need pertinent information on which to base their decisions. When it comes to manufacturing, most organizations use complex accounting and data systems to manage inventory and track raw materials, production, labor hours, maintenance and repairs, storeroom supplies and [...]

By |2019-06-27T13:11:39-07:00July 15th, 2015|accounting, cost accounting, cpa|0 Comments

How To Measure Business Success Using the Balanced Scorecard Model

Many businesses (as well as tax professionals) are very good at compiling financial information. Most have decent systems in place to gather, compile, and summarize the financial information collected. Yet, many times, unfortunately, it is the only set of metrics that organizations use to determine their success. Finance is only one piece of the story [...]

By |2019-06-27T13:11:39-07:00June 30th, 2015|accounting, cpa|0 Comments
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