AccountingDepartment.com
AccountingDepartment.com
Blog Post
  • President Trump has proposed a new tax overhaul that will have a profound effect on small business owners. Of course, it will affect other Americans as well, but small business owners have been specifically targeted as a beneficiary in the new plan. Some of the most important changes for business owners are outlined below.

AccountingDepartment.com
AccountingDepartment.com
Blog Post
  • Federal contractors face critical challenges in aligning accounting methodologies with the demands of the comparatively stringent requirements of their target market, the US government, vs. requirements of the commercial market base. Issues include maintaining constant audit readiness, the need for diligence and adroitness in information leveraging to develop a robust accounting operat...

AccountingDepartment.com
AccountingDepartment.com
Blog Post
  • Every kind of business will eventually acquire new equipment and capital assets to continue its operations — manufacturers periodically upgrade their factory machines, service providers require the latest gear to serve their clients, retailers update store and warehouse fixtures, and executive and administrative offices retire outdated furniture, cubicles and computers. Although these ...

AccountingDepartment.com
AccountingDepartment.com
Blog Post
  • Rapidly changing technology has become one of the most extreme sources of pressure on today's business leaders. But, to compete in modern business, you must keep up. To get the full benefits from the technology you currently have, and to stay informed about innovations so that you can make timely and educated future buying decisions, you must maintain awareness of upgrades and new tech...

AccountingDepartment.com
AccountingDepartment.com
Blog Post
  • Raising capital for your emerging business may seem intimidating because funding opportunities are more diverse than ever. Learn the basics of angel investing, equity crowdfunding and seed funding, and discover how to choose the best one for your company.

AccountingDepartment.com
AccountingDepartment.com
Blog Post
  • We talk a lot about the importance of having solid accounting processes and procedures in place to govern your bookkeeping. We discuss how bookkeepers, controllers and CFOs can be strategically aligned to produce advanced insights into even the most complex accounting structures. But we don’t often spend a lot of time on the downsides in the accounting department—partly because the top...

AccountingDepartment.com
AccountingDepartment.com
Blog Post
  • Occasionally, we get asked to help companies understand where and why they should allocate budget to improve accounting functions. Typically this stems from a concern that a company is overpaying for its accounting and bookkeeping and highlights a desire to improve efficiencies and decrease costs. While the two are not always intrinsically linked, there are often opportunities to impro...

AccountingDepartment.com
AccountingDepartment.com
Blog Post
AccountingDepartment.com
AccountingDepartment.com
Blog Post
  • Whether you have been in business for decades, or you are just getting started, money management can be an issue no matter which bookkeeping services or controller services you use. The good news is that one financial misstep is not the end of the world. In fact, you could be able to use those mistakes to gain insight into your operations and forestall issues in the future.

AccountingDepartment.com
AccountingDepartment.com
Blog Post
  • A company relies on the vision of its CEO to navigate the competitive waters of its own industry and to understand how outside forces can affect the company's progress towards its goals. The budgeting and forecasting processes are the ways in which a CEO formulates their ideas and then gives those ideas structure.

AccountingDepartment.com
AccountingDepartment.com
Blog Post
  • In our prior post, we talked about how to find an outsourced accounting service you can trust. But you may still be left with some nagging doubt. There are so many cases of bookkeeper fraud and company theft. How do you know you can really trust your bookkeeper? Especially if you’ve been burned by an in-house bookkeeper in the past (and that’s more common than you might think for sm...

AccountingDepartment.com
AccountingDepartment.com
Blog Post
  • In 2014 you likely heard about a massive data security breach in which 1.2 billion—yes, BILLION—email address and password combinations were stolen by Russian hackers. According to the New York Times this was the largest known collection of stolen Internet credentials—and that means there is a good likelihood that could have affected you or someone you know. At least 420,000 website...

AccountingDepartment.com
AccountingDepartment.com
YouTube Video
  • In the blink of an eye, every CEO will give away exactly how much he or she knows about accounting and financial management. From the questions asked to—more importantly—the questions not asked, what a CEO knows about the company’s accounting quickly gives everyone else in the company clear insights into what they need to do—and what they can get away with. However, armed with the right questions ...

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