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Start-up challenges: Building a team doesn’t need to include the creating of an accounting team

Building out your team is one of the most important things you do at any company.  Whether long-established or a start-up, your team is key to the success of your business.  This is especially true at a start-up where the inertia of an existing business and business processes do not exist.  They must be built.  That process takes time.  A lot of time dedicated…

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…