Tag: Accounting

The sale has been made, the customer has paid, yet the company receives no revenue. How can this happen? Accounts receivable fraud, commonly referred to as "lapping," occurs when an employee is entrusted with processing Read More

When manufacturers buy, build or improve their facilities, it involves a substantial investment. But these expenses generally can't be immediately deducted for tax purposes. Fortunately, there may be another approach that will allow you to Read More

The popularity of donor-advised funds (DAFs) is surging. According to the 2023 DAF Report issued by the National Philanthropic Trust (NPT), donors poured over $52.16 billion into DAFs in 2023, a 9% increase over 2022. Read More

For construction companies, accounting isn't as simple as just balancing the books every month. Contractors tend to have multiple projects underway at various stages of completion and, ideally, more in the pipeline. Your accounting practices Read More

Once your business has survived the start-up phase, it's got a solid foundation to grow. Business and financial advisory services are critical at this stage of development. Here are some major areas or functions of Read More

Does your business need to prepare financial statements that conform to U.S. Generally Accepted Accounting Principles (GAAP)? Or can you simply generate financial statements based on the same methods you use for federal income tax Read More

For construction businesses, financial management is notoriously complex. Contractors have to deal with the ebbs and flows of their respective markets, project-based pricing and collections, rising operating costs, and various other factors — not the Read More

Few and far between are businesses that can either launch or grow without an infusion of outside capital. In some cases, that capital comes in the form of a commercial loan from a bank or Read More

Footnote disclosures provide insight into account balances, accounting practices and potential risk factors. This information helps lenders, investors and other financial statement users make well-informed business decisions. Here are five critical risk factors that financial Read More

In the complex and sometimes chaotic world of long-term construction projects, many contractors find themselves struggling to accurately align the revenue coming in with the expenses being paid out. This is where the percentage of Read More