Inventory management and cash flow: how to swim without sinking

A balance sheet reflecting a working capital that has been clearly mishandled can teach small businesses operating inventory a lesson or two about the consequences of a badly managed stock. A lesson learned, now...

Should I Use Construction Loan Financing This Summer?

Summer is here, which means that construction companies are getting ready to break ground all over the country—if they haven’t already. As construction business owners know all too well, cash can seem to evaporate once...

TIN Matching: What It Is and Why You May Need It for Annual Tax...

They’re baaaaaaaack! After a seven-year break, the Social Security Administration is once again issuing Social Security number (SSN) no-match letters to employers whose submissions don’t match the administration’s records. You may receive one of...

Having a Hard Time Financing Purchase Orders? Here’s What to Do

Imagine you’ve started a company that buys electronic devices overseas and resells them to retailers based in the United States. One morning, you wake up to an exciting email: a new customer wants to...

Cybercrime – An Insurance Primer for Accountants

Cybercrime Who's Next? An Insurance Primer for Accountants Despite the abundance of news, how-to tips and cautionary tales, cybercrime has infiltrated the local, regional and national business space, impacting accounting professionals with a special severity. The...

Desktop in the Cloud or Genuine Online: which QuickBooks version is right for your...

Small inventory-based businesses, whether in an early stage or already on a roll, are always on the lookout for a software system that can align their books and inventory management, streamline operations and make...

Forgotten or Not – Balance Sheet

The forgotten statement.. yes it is true there is a forgotten financial statement... the Balance Sheet. Everyone loves their Income Statement but no one ever looks at their Balance Sheet. Is it because you...

The Pros and Cons of SBA Loans in Today’s Difficult Political Climate

A relatively steady stock market and a stable economy have both continued to support growth in small business lending throughout the United States. This is good news for anyone in the market for an...

FASB offers consolidation relief to certain non-public business entities

Considering whether an entity’s business activities with a related entity should result in its consolidation of that related entity under ASC Topic 810, Consolidation (Topic 810), is a very challenging accounting determination for many...

How to Grow your Business with Trade Credit

It’s a tough reality for companies in the B2B sector that cash rarely exchanges hands at the point of sale. Today, 60 percent of small businesses extend net terms, whether it’s 30, 60, or...
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