The Importance of Maintaining a Clean Financial Report

Depending on whether your company has to go through an Audit, Review or Compilation at the end of the fiscal year it is important that management has the financials prepared accurately and according to GAAP (Generally Accepted Accounting Principles).  These financial...

Designing a Chart of Account (COA) Structure

Designing a new COA, in accordance with Generally Accepted Accounting Principles (GAAP), for a new company or changing an existing COA is easy to accomplish if you understand the basic fundamentals. There are 3 fundamental rules that need to be followed when designing...

Preparing for an Audit or Review

The audit/review annual report is a report card on how well your    company’s financial department is performing.  The goal of the audit/review process is to have no documented audit issues or comments.  Having audit issues may have an adverse affect on obtaining bank...