You might think that your company's financial statements are difficult to misread. After all, the revenue and expense numbers that they list are plain and unambiguous, right? The truth, though, is that business owners and managers misconstrue their financial reports all the time. In fact, some companies actually fail for this very reason alone.
Indeed, such misunderstandings are likely more common now than ever before because software programs such as QuickBooks make it so easy for entrepreneurs to quickly churn out financial statements. They no longer need to fully comprehend what they're doing because the software automates it all for them. However, automation without understanding can create significant problems.
In 2008, the passage of the Housing and Economic Recovery Act included provisions intended to provide the IRS with more.
Whether you're just starting your business or you're fine-tuning your financial strategies, a professional bookkeeper.
At AccountingDepartment.com, we've developed a bit of a football bug. From our competitive fantasy football league to a.
There comes a time in your business when you must either sink or swim. This will determine whether or not you’re in it.
Last week AccountingDepartment.com co-Founders Bill Gerber and Dennis Najjar, CPA were privileged to attend a brand new.
