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 […]
Accounting Process Checklist: Streamline Your Workflows
If you’re a bookkeeper, financial advisor, or accountant, you completely understand how a single misplaced invoice or a missed reconciliation can snowball into a series of missed deadlines and irate clients. Seriously, human errors in manual data cause around 60% of firms to report monthly close overruns. So in this blog post, we’re going to […]
What Is Advisory in Accounting? A Guide for Small Business Owners
Accounting advisory services are an ongoing, consultative relationship that is far more than mere bookkeeping or tax compliance. Rather than waiting around for year-end reports, your advisor is actually working with you during the fiscal year to help with interpreting financial data, forecasting trends, and recommending tactical changes. This is the opposite of reactive compliance […]
When Should You Conduct An Internal Audit In Your Business?
An internal audit is essentially a structured review of an organization’s operations, controls, and governance. It’s a systematic method of putting on glasses to help see issues or a lack of compliance or possible risks before they become costly problems. For an American financial adviser, bookkeeper, or accountant, developing a habit of routinely reviewing their […]
CPA vs. EA: What’s the difference, and which one do you need?
Let’s say you are the finance lead of a growing tech startup. Your Board of Directors is emphasizing the importance of tightening internal controls, preparing for an upcoming investor audit, and addressing complicated federal tax issues, all within the next twelve months. Between hiring a CPA firm that can perform audits of financial statements and […]
Revenue Cycle Management 101: A Guide For Business in 2025
A well-planned Revenue Cycle Management (RCM) process is important for businesses as it helps to ensure healthy cash flow, reduces exposure to operational risk and improves your customer / patient satisfaction. RCM involves the entire process from the time that a customer registers, to the time that all payments are reconciled. The success of RCM […]
