A common accounting cycle in any given business often has nine or 10 steps, depending on the procedures outlined by the given accounting department. Each step in the accounting cycle plays an ...

The eight-step accounting cycle is important to know for all types of bookkeepers. It breaks down the entire process of a bookkeeper's responsibilities into eight basic steps. Many of these steps can ...

The accounting process can differ slightly from one business to another based on variances in the chart of accounts, revenue and expense recognition, and cost center breakdown. Despite these ...

Financial tracking is vital to business success because it helps business owners understand and monitor their financial health at all times. Proper financial oversight requires an understanding of the ...

Last year, the Financial Accounting Standards Board (FASB) provided private companies with an extra year to adopt lease accounting standard ASC 842. When this was announced, 63.8% of surveyed private ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. Over the course of my 25 years of financial and business consulting, I have seen many ...

Whether you are hiring an accounting and business consulting firm for the first time or have decided it’s time to change firms, the proactive steps presented below and in LaPorte CPAs & Business ...