What Is Billable Expense Income In Quickbooks Online? Accounting errors can lead to costly mistakes, but what about not knowing that you can deduct certain expenses? If you’re using QuickBooks Online, you may be missing out on an important feature: billable expense income. What is billable expense income in QBO? We’ll help you: Understand what […]
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Q4 Bookkeeping Tasks in 5 Easy Steps The fourth quarter (Q4) is the perfect time to get your books in order. Bookkeeping tasks need to be completed because your year-end accounting will set you up for a successful year ahead. If you’re doing your books on your own, be sure to go through the list
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Establishing Clear Fiscal Policies and Procedures In the world of accounting, having clear and defined fiscal policies and procedures is so important for preventing fraud and enhancing departmental operations. By documenting every detail of your accounting processes, you not only protect your organization against potential threats but you can also streamline tasks, making them more
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Understanding and Combating Payments and Occupational Fraud Fraud in financial transactions is a constantly evolving threat to companies worldwide. The Association of Financial Professionals (AFP) and the Association of Certified Fraud Examiners (ACFE) provide informational reports that offer important insights into payment fraud and occupational fraud. The latest data highlights the persistence and evolution of
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What is Month End Close and Why Is It Important? You’ve heard the term “month end close,” but what is month end close? How does it help your business and is it even important? A month end close offers you: Clear, accurate financial information Peace of mind if you’re audited Better decision-making Easier tax filing
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6 Questions to Ask a CFO in a Meeting Making the decision to hire a virtual CFO can improve cash flow, allow you to rely on an expert for advice on hiring new staff and increase the value of your business. But if you don’t know the right questions to ask a CFO, you can’t
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The Real Threats of Check and Email Fraud In previous blog posts we’ve covered the threats posed by fraud, stark realities that can cause significant financial damage if not handled swiftly and with the right tools. Two common forms of these threats are check fraud and email fraud, both of which can exploit vulnerabilities in
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The Importance of Internal Controls for Accounting in Business Fraud affects businesses of all sizes, with potential losses running into the millions. To protect your business against these risks, internal fraud controls within accounting are essential. These controls not only protect a company’s financial assets but also ensure compliance with regulations, appease investors, and maintain
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4 Best Accounting Software for Startups What’s the one thing every business needs to succeed? Capital. Over 82% of companies fail because they experience cash flow problems. Hiring an accountant or CFO can help, but even with those roles covered, you’ll need accounting software as an SMB. We help startups – and businesses of all
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5 Qualities to Look for in an Outsourced CFO for Startups A CFO for startups can mean the difference between the 90% of promising companies that fail and the 10% that succeed. Rapid expansion, especially when you have a unique MVP that you want to leverage for initial growth, requires swift decision-making in: Finance Human
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