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Accounting 2018 – Have the Predictions Come True?

Accounting 2018 – Have the Predictions Come True? We read with much interest an article by thought leader Blake Oliver.  Published in December 2017, it contains five predictions for accounting.  The five predictions are as follows: Revenue recognition guidance adoption will cause implementation of SaaS billing and contract systems to take off.  Blockchain will create headaches (and a few opportunities)…

Outsourcing Your Accounting: Myths, Misunderstandings, and Modern Best Practices

Outsourcing Your Accounting: Myths, Misunderstandings, and Modern Best Practices Let’s start out with a simple quiz: True or False: Outsourcing is only a short-term solution.  You bring in an expert on a to perform accounting duties on an interim basis. True or False: You’ll pay a premium for outsourcing services.  It’s better to hire in-house staff. True or False: Internal…

6 Reasons Why CEOs are Outsourcing Their Accounting

6 Reasons Why CEOs are Outsourcing Their Accounting – At first the idea of outsourcing may seem uncomfortable, especially when it comes to something as sensitive as your company’s financial accounting. However, it might also be the best decision you make for your business. Increasingly outsourcing is becoming this century’s best practice among savvy leaders keen on protecting their company’s…

The Challenge of Consolidation for Multi-Entity SaaS Companies

The Challenge of Consolidation for Multi-Entity SaaS Companies  – Few business segments have seen the explosive growth that has occurred within the SaaS space. New accounting compliance concerns and reporting requirements have coincided with SaaS industry growth. What hasn’t changed is the management desire to have better information faster. The Challenge of Consolidation for Multi-Entity SaaS Companies Whether your SaaS…

Preparing Audit-Ready Financials: Best Practices to Avoid Common Pitfalls

Edward Thomas Associates is happy to offer the eBook ‘Preparing Audit-Ready Financials:  Best Practices to Avoid Common Pitfalls’. The eBooks covers an approach to well-documented transactions and balances; GAAP-compliant revenue accounting; the realizable value of receivables; handling the complexity of consolidation for multiple entities; and more.  Here’s a snippet from the eBook: For public companies, [audits are] a statutory requirement…

Lean, Mean, & Clean Financial Management in the Cloud through Outsourcing

Financial Management in the Cloud through Outsourcing – When you are in the midst of a fiercely competitive business landscape, you have to be prepared to act quickly.  Maintaining a strong position requires speedy right action (preferably through data-driven decisions ) otherwise known as agility. The savvy business owner avoids situations that can sidetrack or bog her down.  The agile…

Outsource or Hire? New Accounting Best Practices for the Digital Age

  If you began your business as a solopreneur or a small start-up, chances are bookkeeping was something you did in addition to your more pressing duty of running the business. Savvy executives and owners don’t want that kind of distraction and quickly embraced outsourcing to address accounting and other functions.  Any departmental function that was outside the core competencies of…