Tips for a faster month-end close
Closing the books at month end is a dreaded chore at many companies. Here’s how to simplify the process at your company.
Tag: accounting procedures
Receivables: Quality counts
Don’t take accounts receivable at face value. Here’s how to evaluate the quality of receivables.
Turning receivables into cash
Collecting cash from customers takes time and patience. To bridge the cash gap, consider these creative strategies to monetize outstanding receivables.
11 ways your construction company can avoid accounting mistakes
Construction companies can’t afford to make mistakes on job sites, and they shouldn’t make them in their books either. Here are 11 tips for avoiding accounting errors.
Using agreed-upon procedures to target specific items of concern
If you want to know more about a specific account or nonfinancial matter, an agreed-upon procedures engagement may fit the bill.
Checking in on your accounts payable processes
No matter how big or small the business, properly managing accounts payable is critical. Here are some fundamentals to review.
Ensure your construction accounting system has the right features
Construction company owners: Is your accounting system good or merely good enough? Make sure it has these key features.
Do you know the signs of financial distress in a business?
Financial distress rarely happens overnight. There are usually red flags indicating that trouble is brewing, but it might take some effort to spot them.