Financial Metrics to Track During a Business Expansion
Growing a business into new B2B and B2C markets can be venturing into virgin territory. Take, for example, a mid-sized maker of green office furniture, about to open its first distribution center on the West Coast: the boardroom is abuzz with excitement, projections shine on the PowerPoint charts, and the CEO is already thinking of […]
The 2025 Tax Season Will Be Brutal for Unorganized Startups. Are You Ready?
It’s April 14, 2025, and unfortunately, your client’s founder has barged into your office carrying a shoebox of receipts. “I thought I would get these receipts organized before the filing deadline,” they say, panting, eyes darting between you and the hastily assembled, half-caffeinated tower of receipts for expenses not yet filed. Can you help them […]
In-Depth Monthly Checklist: Key Financial Documents to Pull and Carefully Examine
Having a well-organized, well-disciplined routine on a monthly basis for the collection and thorough reviewing of financial documents is a requirement for accountants and financial advisors committed to serving businesses operating in the United States. Performing such an exercise not only facilitates the month-end closing process more smoothly and efficiently but also significantly contributes to […]
Key Challenges in Outsourcing Accounting Functions With Proven Strategies for Success
Outsourcing accounting functions is a strategic approach for finance firms looking to maximize resources by allowing them to do what is most appropriate – spending time providing high-value advisory services. According to a Capterra 2023 survey, 71% of businesses outsource at least some accounting functions since businesses want to keep their overhead down while using […]
Automating financial reporting and analysis: A guide for enterprise leaders
In most midmarket and large U.S. organizations, financial reporting depends on manual spreadsheets, inconsistent software exports, and labor-intensive month-end closing rituals. Accountants spend days re-entering the monotonous process of copying information from ERP modules, entering figures into PowerPoint presentations, and reconciling line items in cumbersome Excel workbooks. Such a process inevitably leads to bottlenecks; management […]
Transposition Error, The Little Mistake That Causes Big Problems in US Market
Take the case of a regional distributor who sends a six-figure invoice of $125,430 to a manufacturer, only to discover the payable posted as $154,230, adding an extra $28,800 inadvertently tacked on to the account. This single-digit transposition didn’t just derail month-end close; it also triggered a surprise cash deficit, suspended purchasing approvals, and forced […]
