In recent years, many businesses have switched from desktop accounting apps to cloud accounting services. With these services, software and data are located on remote Internet servers — hence the term “cloud” computing — instead of on servers and computers on the business’s physical premises.
There...
Your accounting software forms the financial foundation of your business, and outdated accounting software doesn’t have the capabilities required to meet your business’ evolving financial needs both today and in the future.
The fact is, most mid-sized companies change at a much faster pace than their...
When they think of QuickBooks, many executives and CEOs typically think about an accounting software program used by bookkeepers, accountants and CPAs to manage a small or mid-sized firm’s finances, inventory, customers and vendors. But thinking in terms of “QuickBooks for CEOs” broadens awareness to...
As the owner or CEO of a mid-sized business, you make many decisions that impact the future direction and success of your company. These range from relatively small and non-critical decisions like choosing a janitorial or catering service provider to much bigger and more consequential decisions like hiring executives...
Los Angeles and Southern California business owners and entrepreneurs have two options when it comes to which method of business accounting they will use: cash basis accounting (“cash accounting”) and accrual basis accounting (“accrual accounting”). Many owners and bookkeepers, especially in small businesses, believe that cash accounting is preferable to...
It’s an old cliché, but it’s true: You have to learn to walk before you can run. This comes to our minds sometimes when Los Angeles and Southern California business leaders ask us to help them with advanced financial initiatives like making financial projections, performing cost analysis and managing...
To maintain any kind of successful business, the accounting system is crucial. All businesses require an accurate, streamlined accounting system to provide them with the up-to-date financial information that drives all their daily decisions. An accounting system is a set of structured accounting devices, procedures and controls made operational with a...
Often the simplest and most basic things within an organization are overlooked. It is time to get back to basics! The most basic of outputs from an accounting department is the chart of accounts. The chart of accounts enhances control, flexibility and reporting capacity when used effectively. Unfortunately, many organizations...