Accounting and Auditing Archives

Understanding the 2025 Accounting Standards for Crypto Assets and Joint Ventures

Written by: Danielle MacKenzie, CPA, MSA Key Points Two new accounting standards are fully effective this year: ASU 2023-08 on crypto assets and ASU 2023-05 on joint venture formations These standards change measurement and presentation requirements for 2025 financial statements …

Are Paper Checks Becoming Obsolete?

Written by: Todd Ellis, CPA Over the last several decades, I have seen the introduction of many technologies in the businesses I have served: the PC, the internet, easy-to-use accounting software, and electronic payment methods. These technologies have made business…

Operating Budget vs. Capital Budget: What’s the Difference and Why It Matters

Written by: Todd Ellis, CPA, MST, CGMA Key Points: Operating budgets manage short-term expenses like payroll and rent, guiding day-to-day business decisions and supporting cash flow. Capital budgets focus on long-term investments like equipment or software, which impact the balance sheet…

Why Real Estate Developers Should Outsource Their Accounting

Written by: Todd Ellis, CPA, MST, CGMA Summary of Key Takeaways: Outsourcing your accounting function will improve your financial visibility and efficiency process efficiency. An outsourced accounting team will reduce overhead, strengthen controls, and is very scalable. A real estate-focused…

Debt vs. Equity Financing: Which One Fits Your Business Best?

At some point, nearly every business owner faces a common question: How do I fund the next growth stage? Whether you’re eyeing new equipment, a larger space, or need extra cash flow, choosing the right kind of financing is a…

Unlocking Your Business Potential with Financial Dashboards

Running a business comes with constant financial decisions, having the right tools to understand where your money is going can make all the difference. Financial dashboards are a game-changer, giving business owners real-time insights into their company’s financial health. With…

Accounting Strategies for Sell-Side Transactions

As a company begins to explore and market a sale or a new investor round, it may encounter numerous opportunities to enhance the efficiency and success of the process. Presenting a clear and accurate financial picture to interested parties is…

Unlocking Profit Potential: Understanding and Optimizing the Cost of Goods Sold

Every business strives to grow its profits, but achieving this requires a clear understanding of the numbers behind operations. One of the most important figures in this process is the Cost of Goods Sold (COGS). This financial measure captures the…

The Importance of Proper Inventory Management for Financial Stability

Proper inventory management is essential for sustaining your business’s financial health. Though it may not always be the most obvious focus, how you handle your inventory significantly impacts cash flow, profit margins, and long-term growth. This article will discuss how…

Cash Reserves and Business Stability: Building Financial Resilience

Written by: Todd Ellis, CPA, MST, CGMA Running a business is no easy feat. Every day, you’re juggling several different things—keeping customers happy, managing operations, thinking about growth—sometimes, it can feel like things are going great, and other times… not…

Category: Accounting and Auditing