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...

Cash Flow Management Techniques

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...

The 10 Key Financial Reports Every Company Should Use

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...