Whether your year-end closing is this quarter or still months away, your Finance team needs a strategy for keeping stress low and productivity high while generating those annual balance sheets, profit and loss statements and cash flow statements in case…
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Good news: The feds are liable to scale back an accounting standard for commercial building leases that some business owners say may put them at a financial disadvantage with their competitors. The Financial Accounting Standards Board (FASB) may revise requirements…
Many of your peers are still struggling with employee retention as the Great Resignation batters the bottom line with recruiting costs, training costs and lost productivity. Back in September 2021, 4.4 million workers left their jobs, and a year later…
Many companies will be tightening their belts over the next few months. Pay raises and bonuses could be put on hold. If the experts are right, mass layoffs are right around the corner and a recession will hit a wide…
Until now, there haven't been any specific accounting rules for cryptocurrency assets you may have. After all, crypto economics can be volatile. The price of bitcoin fell from $47,816 in January to $19,557 this month, according to YCharts. After putting…
Securing an unpaid debt is challenging enough. The last thing any company wants to do is undermine its efforts by forgetting to cover all the necessary legal bases. A simple one to avoid? The so-called "mini-Miranda" warning required under the…
It may be wise to evaluate your 2023 T&E budget one more time because hotel prices worldwide are expected to go up again, according to American Express Global Business Travel. A combination of pent-up demand for in-person meetings and ongoing…
Your A/P staffers are experts at managing your organization's payments. However, their work also makes the company vulnerable to business email compromise attacks, which are getting harder to detect. In fact, there were nearly 20,000 reported incidents of business email…
The coronavirus pandemic reinforced lessons that experienced CFOs knew but might have taken for granted. For example: You're better off not relying too heavily on one vendor for critical company needs. You never know when a vendor may be in…
We’ve all been there: inaccurate vendor payments disrupting cash flow and costing your company a bundle. And there are so many reasons why they happen. Maybe an A/P staffer got distracted and didn't record a payment at the time it…
Make sure Payroll knows the latest on what to look for when examining new employees’ documents for Form I-9 purposes. Recently, USCIS extended the validity of Permanent Resident Cards employees may present for I-9 purposes. As of Sept. 26, 2022,…
One nice thing about fixed expenses is that they stay constant and usually don’t fluctuate. The bad news, they’re usually set in stone and can’t be cut if you’re looking to lower expenses. But according to Aaron Evett, director of…
