Author: Christopher Gagliardi

Do you have internal accounting controls in place for your business? Finding extra budget and staff is a common challenge among small business owners who often lack the resources to put a robust accounting and finance department in place. For some businesses, one person is responsible for the Read More

On May 31, 2023, Intuit will discontinue certain aspects of QuickBooks Desktop 2020 for Windows. Users will no longer be able to access add-on features such as payroll, online support and online banking starting June 1. Though the product will still function, users will also not receive any c Read More

2023 is right around the corner. While the end of year is often a busy time with the holidays, there are several year-end accounting items that should be completed to ensure your business is properly prepared for the upcoming year. Here are 5 accounting and financial initiatives to focus on b Read More

Implementing a monthly close process for your accounting department can help you gain a better understanding of the financial health of your business while allowing you to mitigate risks and plan for the future. Visibility into the financial results of prior months gives you a better pulse on Read More

Are you looking for an easier, more efficient way to manage your company’s bill pay? Manually entering invoices and waiting on approvals and signatures can cause significant delays. Fortunately, there is a better way with Bill.com. Bill.com uses automation technologies and digital processes Read More

Is your accounts payable process straightforward? There are many tools out there that can help streamline the billing and collection process, such as Bill.com. Using technology for your accounts payable process can help reduce payment delays and the amount of time your team is spending on man Read More

Over the past several years, many states have implemented certain taxes on the shareholders and members of various entities. These taxes are often called pass-through entity (PTE) taxes. As a result of the Tax Cuts and Jobs Act (TCJA), New York recently joined the growing list of states that Read More

Many companies have traditionally held the belief that all accounting and finance functions must be in-house and cannot be outsourced. As cloud technologies have advanced and workforce challenges have expanded, the benefits of outsourcing have multiplied. This has become even more apparent as Read More

By: Christopher Gagliardi Two of the most significant changes to U.S. Generally Accepted Accounting Principles (GAAP) have recently unfolded, including Accounting Standards Codification (ASC) 606 – Revenue Recognition, which many businesses are still adjusting to, and ASC 842 – Leases. Al Read More