Accrual Accounting Vs. Cash

Cash vs Accrual Accounting You have finally taken the leap and started the business you have always dreamt about. However, now you must make one more tough decision: what accounting method should your business follow: cash or accrual accounting? Accounting…

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Business Owners: Accounting Checklist

End of the Year Accounting Checklist One of the things that you will need to do for your business at the end of the year is to close the books. If you have been keeping them up-to-date using generally accepted…

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QBO Still Not for Government Contracts

QuickBooks Online Still Not for Government Contracts Technology is moving at warp speed and this holds true for accounting software as well. For the last 20+ years, QuickBooks Desktop has been the go-to accounting software for small businesses, including government…

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How to Survive an Audit

Just the idea of being audited by the IRS strikes fear into the hearts of most small business owners. Some peace of mind should be found in the fact that audits are pretty rare for one simple reason: money. The…

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How Modern Technology Has Changed Accounting

The accounting industry has changed dramatically over time with advances in technology. While we may immediately think of the computer, the first real improvements in accounting technology took place several decades ago when numbers no longer needed to be added by hand. After…

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What’s New With DCAA Compliancy?

The Defense Contract Audit Agency (DCAA), the agency that performs audits on jobs handled by contractors and subcontractors that work for the government, is expected to implement some changes in the upcoming fiscal year. DCAA audits are aimed at preventing fraud and…

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5 Things Your Forensic Advisory Team Should Know

Forensic accountants require unique skills and training in order to blend accounting, auditing, and investigative skills to uncover and analyze financial data. In addition, to uncovering fraud, forensic accountants provide litigation support in a courtroom setting. If you are a…

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