Accounting Solutions

In-house accounting or outsourced accounting considerations Using an outsourced accounting firm is growing in popularity for many reasons. Once reserved for larger organizations, smaller organizations are finding outsourcing a great way to solve the difficulty of segregating duties with a […]

The Year-End Accounting Dilemma Your business has had a great year! Sales are up, employees are happy, and the future looks bright! Except, now that the year is coming to a close, you might find yourself questioning the accuracy of […]

Outsourced Accounting: What is it and how do you succeed with outsourced accounting? Outsourced accounting has exploded in popularity in the past several years, and for good reason. Consider these solutions to common finance team concerns, and how outsourced accounting […]

The times they are a-changin, according to Bob Dylan. He is not a CPA but was definitely on to something with these lyrics. Has your company thought about hiring a contract CFO (Chief Financial Officer) versus hiring a traditional, in-house […]

The Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2020-07 Not-for-Profit Entities (Topic 958): Presentation and Disclosures by Not-for-Profit Entities for Contributed Nonfinancial Assets, which was effective for periods beginning after June 15, 2021.  The ASU was issued […]

What is “unclaimed property?” Unclaimed property is property being held by a business or organization where there has not been contact with the owner for a specific number of years, depending on the type of property. If your business or […]

Did you receive a new loan that now requires an external audit or did your Minnesota non-profit receive over $750,000 in revenue and now you need an audit?  Choosing the right auditor is a very important decision since you will […]

Outsourced accounting means partnering with a firm that is entirely dedicated to the accounting and finance functions of your business, from entering daily transactions all the way through presenting and interpreting timely key performance indicators that are relevant to your […]

Nonprofits are in the business of making things better for others. Great news! Here is a tip that will help a nonprofit save money on their annual QuickBooks subscription. About TechSoup TechSoup, is a nonprofit organization that provides donated or discounted software, […]

A QuickBooks Training Guide There may be times when you have to buy things relating to a specific client’s project, but those costs will eventually be reimbursed to you by the client. There may be other times when either you […]