- Best Practices
- Cash Flow
- Cloud Based Accounting
- Cost Management
- Fraud Risk Management
- Internal Controls
- Outsourced Accounting
This article is the second in a two-part series on Managing Financial Risks to your organization. We explain what to do after you identify and assess your financial risk: Implement a Risk Management Plan.
This article is the first in a two-part series on Managing Financial Risks to your organization. We’ll explain what is Financial Risk Management, why it’s important, and help you get started on taking prudent steps to manage your small business or not-for-profit organization’s biggest financial risks.
Have you heard about the new Section 199A tax provision? Taking concrete actions now with respect to your small business’ accounting records can help you optimize your tax savings.
Survival of the Fittest: Protect Your Business From Financial Failure Through Key Performance Indicators
Protect your business or not-for-profit organization from financial failure using Key Performance Indicators. This article will explain why KPIs are important and how to get started, to not only survive but also thrive in our volatile business environment.
Get answers to frequently-asked questions about Outsourced Virtual Accounting, and why it can be the next step to successful growth for your business/organization.
Consider these tips to help your year-end accounting process run smoothly. Planning ahead will help you have accurate and timely financial statements, facilitate tax preparation, and meet filing deadlines.
Learn how to avoid blind spots that can hurt your business/organization.
Avoid costly mistakes that could ruin your business or organization’s reputation. Learn the benefits of standardized bookeeping and accounting processes.
To protect your organization, here are some ways to shore up your accounting processes and minimize the risk of payment fraud.
Learn some important reasons why good bookkeeping matters and how bad bookkeeping can hurt your business or not-for-profit.
Consider these three tips to become confident that your sales inventory is effectively managed.
Learn practical strategies for addressing your top accounting challenges.
Valentine’s Day is this week! Your accountant is probably not the first person you think of on February 14th, but in honor of this holiday, I give you three key reasons to love your accountant.
If you’re like most companies, whether you’re a commercial business or a not for profit organization, employees are your most valued assets. In order to attract and retain a strong employee base, it’s important to get your Payroll process running right. Check out these tips to optimize your Payroll process.
The challenges of running a business and staying on top of the financial bottom line can be challenging. Growing your top line revenues is critical to your success. However, keeping your expenses in check is just as important and can help sustain your business while you build your revenues. Having a process, where you review and analyze the details of your spending activity, will help keep your costs down and in line with your industry standards. Here are six business expenses that will yield the biggest bang for your buck and are worth investing time reviewing to reduce your costs.
Choosing which version of QuickBooks is right for you can sometimes be unclear. While QuickBooks Desktop is still a great product and might still meet your needs for the foreseeable future, here are some of the advantages of moving to the online version of QuickBooks.
By outsourcing their back office functions to Consultance Accounting and switching to Bill.com, an automated bill payment solution, organizations can focus on what matters most, and let us handle their bookkeeping and accounting needs.
The accounts receivable (AR) process, which includes the invoicing of customers, clients and members and the processing of monies received, is a vital process for most organizations. Consultance Accounting helps small and medium-sized organizations and businesses reengineer their AR processes. Here’s how we did it for one client, a professional services firm.
From our many experiences with onboarding small and medium-sized organizations, we understand documenting how things are done behind the scenes takes a back seat to the more pressing items, such as obtaining funding and growing and serving your members, customer and other stakeholders. Initially, most new clients do not have clearly articulated accounting policies and procedures.