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Measures to take for Loss and Fraud Prevention

Employee Fraud. It does not depend on the size, type, location or industry of the organization, as every organization is prone to this problem. We would like to believe that our employees are honest and trustworthy but still there are many reasons…

ACCOUNTING AND BOOKKEEPING SERVICES, Accounting Outsource

Why You Don’t Need a Local Accountant or Bookkeeper

Most communities have at least one bookkeeper who serves the local businesses. They make occasional visits to each client to update the books, prepare payroll, pay bills, and take care of whatever other tasks they’re expected to handle. If…

ACCOUNTING AND BOOKKEEPING SERVICES, Accounting Outsource, Tax and Preparation Compliance

Anatomy of a Balance Sheet

The Balance Sheet is the core financial statement of any business. It’s a “snapshot” in time of your company’s health; it provides information at a specific date such as December 31, 2015. However, the Balance Sheet does not state how you…

ACCOUNTING AND BOOKKEEPING SERVICES, Accounting Outsource, BUSINESS CONSULTING ADVISORY SERVICES, Loss & Fraud Prevention, MEDICAL / DENTAL ACCOUNTING

Best Practices in Financial Management for Medical Practices

Introduction In today’s changing environment, a medical practice’s ability to ensure that revenue is maximized, and financial ‘leakage’ is minimized, is crucial to its economic success. Maximizing revenue includes ensuring the appropriate…

ACCOUNTING AND BOOKKEEPING SERVICES, Accounting Outsource, Loss & Fraud Prevention, Tax and Preparation Compliance

What’s the Difference Between Bookkeepers and Accountants?

When most people think about bookkeeping and accounting, they would be hard-pressed to describe the differences between each process. In this article, the functional differences between accounting and bookkeeping are explained, as well as the…

ACCOUNTING AND BOOKKEEPING SERVICES, Accounting Outsource, BUSINESS CONSULTING ADVISORY SERVICES, Loss & Fraud Prevention

Why Do You Need to Outsource Accounting?

Accounting outsourcing will help you in managing the accounting of your firm. Why does one need to outsource accounting? Read the article to find out. Accounting outsourcing means to hire a firm or services for your business accounting rather…