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…
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…
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…
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…
Why do we keep mentioning the AICPA – Edward Thomas Associates uses Bill.com and Quickbook financial accounting solution on behalf of many of our clients. We do so, because those who know the most about accounting, including the AICPA, prefer Bill.com and Quickbooks. But if you’re not life-long accountants, you may have no idea what the AICPA is or what…
Nobody looks forward to the manual process of closing the books. It’s a labor-intensive, time-consuming – and often inaccurate – process. Wish you could close your books without those concerns? Online accounting system BlackLine is the answer. Used by over 100,000 users in over 100 countries, BlackLine is the most trusted solution for Finance Controls and Automation. BlackLine is…
Ever think you’d be invoicing from the couch? Reconciling on the beach? Xero cloud-based accounting software gives you the option of handling the financial aspects of your business from anywhere. All of your data is available anytime, on any device. All it takes is Xero and an Internet connection. Your data is safe, accessible, accurate up-to-the minute and shareable…
Step off an elevator these days and the C-Suite appears to occupy the entire top floor. You’ve got your CEO, CFO, COO, CMO, CLO, CCO, CDO. It seems there’s a new Chief title created every day. But there’s one C-Suite position, that of the CIO, that changes and evolves constantly – almost at an alarming rate. The career trajectory of…
Any business owner has heard the sayings, “Money Talks” or “Cash is King.” When your company has cash on hand–or in the pipeline–it operates most efficiently. You are able to pay your employees, yourself, your taxes, your bills. You can invest in new equipment, spend on R&D, update your equipment, expand your facility or purchase new inventory. With insufficient…
Business owners usually wear several hats. The thinking cap, the creative beret, the sales and marketing topper. Not too many want to don the green visor – the once-popular headwear of accountants. Shuffling piles of paperwork, figuring out how to enter transactions, reconcile accounts, keep track of payables and receivables, generate invoices, close period ends…all are necessary to the running…