by Randy Goldstein | Oct 1, 2014 | Blog
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...
by Randy Goldstein | Oct 1, 2014 | Blog
On the 23rd of October 2009, the State of Maryland Department of Labor, Licensing and Regulation issued a letter to companies doing business in Maryland. This letter summarizes the impact of the dramatic increase in the number of unemployment claims by Marylanders. ...
by Randy Goldstein | Oct 1, 2014 | Blog
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...
by Randy Goldstein | Oct 1, 2014 | Blog
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...
by Randy Goldstein | Oct 1, 2014 | Blog
The old mantra that Cash is King is even more important in today’s economy than ever before. The access to loans and private equity has never been tougher to obtain. While it seems that the credit market has at least stabilized, obtaining cash to grow your business...
by Randy Goldstein | Oct 1, 2014 | Blog
There are thousands of financial reports that your company can write and use, but the following 10 key reports are a must to run your company successfully. (1) Income Statement Trend Report An income statement report that shows consecutive monthly results...
