Accounting for Virtual Assets in Digital Economies
According to Chainalysis’ 2024 Global Crypto Adoption Index, the United States ranked fourth in the world for crypto adoption. This shows that digital assets are now becoming a meaningful consideration for many U.S. companies and advisors. Okay, let’s unpack this a bit. Virtual assets are really broad these days. You have digital tokens that are […]
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 […]
