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Auditing Revenue Recognition

The top line of an income statement for a for-profit business is revenue (or sales). Reporting this line item correctly is critical to producing accurate READ MORE

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Auditing Revenue Recognition

The top line of an income statement for a for-profit business is revenue (or sales). Reporting this line item correctly is critical to producing accurate READ MORE

Cash vs. Accrual Accounting

Financial statements are critical to monitoring your business’s financial health. In addition to helping management make informed business decisions, year-end and interim financial statements may READ MORE

Integrating AI into Modern Accounting Practices

Artificial intelligence (AI) is the latest technology to hit the accounting field. AI solutions can automate data entry by: Reading and processing paper and electronic READ MORE

Why it’s important to get your company’s financials done on time

Have you completed your company’s year-end financial statements yet? Most calendar-year entities issue their year-end financials by March of the following year. Lenders and investors READ MORE

Optimizing Inventory Management Systems

If your business has significant inventory on its balance sheet, it can be costly. The carrying costs of inventory include warehousing, salaries, insurance, taxes, and READ MORE

6 Tips to Improve Job-Costing Systems

Companies that work on customer-specific or long-term projects — such as homebuilders, contractors, custom manufacturers and professional practices — generally track job costs to gauge READ MORE

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