Cash is the most vulnerable asset in a business. Performing bank reconciliations is an internal control mechanism that can help identify unusual transactions that might be caused by simple accounting errors or worse yet, fraudulent activity. It’s extremely important to perform such … [Read more...] about Importance of Bank Reconciliations
Accounting
Let QuickBooks Online Be Your Company’s Virtual File Cabinet
Organizing and keeping up with paperwork related to your business can be a time consuming and daunting task. QuickBooks Online can help organize your documents, simplify your document filing and provide access to your documentation anytime, anywhere. The Attachment feature in QuickBooks Online is a … [Read more...] about Let QuickBooks Online Be Your Company’s Virtual File Cabinet
COVID-19 Accounting Considerations
The impact of coronavirus (“COVID-19”) on the global economy has shifted businesses’ and organizations’ main focus from standard operating procedures to navigating through new laws and regulations, analyzing staffing needs, renegotiating contracts with customers and vendors, and determining whether … [Read more...] about COVID-19 Accounting Considerations