I often am asked, “What exactly does it look like to be a cloud accounting department?” So in this blog, let’s talk about it. What exactly does it look like to be a cloud-accounting department? Your accounting department uses web-based software, a.k.a. you utilize cloud accounting software The first sign that you’re a cloud accounting […]
What Cloud Accounting Looks Like in Action Read More »
Spring Cleaning Your Finances The rain and flowers cue us that spring has arrived, and a sense of renewal and refresh comes with it. It’s the perfect time to open the windows, clear out the clutter, and breathe new life into your surroundings. But while you’re decluttering the garage yet again, don’t forget about another
Spring Cleaning Your Finances Read More »
Revenue Recognition for SaaS: Challenges and Best Practices The U.S. has 9,100 SaaS companies, and this number is likely to continue rising. Software-as-a-service is a hot commodity because it eliminates the need for hosting and scaling for consumers or businesses, and the subscription model is very popular. But there’s a problem for new entities: revenue
Revenue Recognition for SaaS: Challenges and Best Practices Read More »
Why Cloud Accounting Software Nowadays, the accounting software programs and processes that many of us use in accounting departments are accessed by logging into a web browser and using cloud-based software apps that integrate with each other via the internet. We call this Cloud Accounting. Cloud Accounting Software Cloud-based programs and processes have changed the
Why Cloud Accounting Software Read More »
101 Guide to Accounting for IT Companies Information Technology (IT) is one of the fastest-growing industries in the United States, with more than 585,000 tech companies operating in the country. While these companies are known for their rapid growth, they also face a number of challenges when it comes to accounting. Understanding these challenges, following
101 Guide to Accounting for IT Companies Read More »
The End of an Era: Saying Goodbye to Mint App and Exploring Replacement Options In recent news, many users were saddened to hear that their beloved Mint app will be discontinued. Mint has been a staple in personal finance management for years, offering users a convenient way to track their spending, manage budgets, and stay
The End of an Era: Saying Goodbye to Mint App and Exploring Replacement Options Read More »
Getting Started: Accounting for Law Firms If you’re opening your own law firm, one of the first things you’ll need to focus on – apart from your services – is how you’ll manage your finances. Practicing law is your passion, but at the end of the day, your firm is still a business. Managing your
Getting Started: Accounting for Law Firms Read More »
A Guide to the DOL’s 2024 Independent Contractor Rule Do you hire independent contractors? If so, the Department of Labor has released what they call the “final” independent contractor rule. Misclassification remains one of the accounting mistakes that we recommend you avoid because, with these professionals making up 45% of the workforce, it’s very easy
A Guide to the DOL’s 2024 Independent Contractor Rule Read More »
How Professional Accounting Software Setup Can Safeguard Your Business An estimated 98% of businesses are small businesses. With lower revenue and tighter budgets, many small business owners take on the task of handling their own bookkeeping. But here’s the challenge: handling bookkeeping the old-fashioned way is time-consuming and error-prone. Accounting software can help you manage
How Professional Accounting Software Setup Can Safeguard Your Business Read More »
Reconciliation in Accounting and Its Role in Business Management Reconciliation in accounting is a crucial business task that verifies your financials. The Association of Certified Fraud Examiners Financial reports that 9% of all reported fraud cases involve financial statements. If you’re not reconciling your accounts properly – or at all – your business is at
Reconciliation in Accounting and Its Role in Business Management Read More »