How the New Revenue Recognition Standards Could Impact Your Company

Changes are coming to the revenue recognition world. To put that more accurately, revenue recognition changes are already in place for public entities, but for us private companies, the clock

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The SMB Owner’s Guide to Navigating the Tax Cuts & Jobs Act

With 2018 bringing the most sweeping changes to the U.S. Tax Code in a generation, there’s still a lot of uncertainty and confusion heading into year-end and the beginning of

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The Most Important Criteria for Selecting an Accounting Agency

We're proud to be on Expertise.com's list of top accounting firms in the Boston area. Of course, we believe that outsourcing your bookkeeping and accounting makes a lot of sense, but we know it can be hard to figure out what you're looking for in a provider. So here are some tips to help you figure out who's a good match for your company.

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4 Times Accounting Errors Cost Big Companies Big Money

It’s no secret that companies make accounting errors all the time. Some of those are the result of fraud, but even when everyone is acting in good faith, mistakes can happen. As a reminder of why it's important to make sure your accounting is done right, here are four big companies who felt the pain of basic accounting errors.

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Setting Up Dimensional Charts of Accounts for Accurate Data Forecasting

Taking the time to set up your chart of accounts correctly can both make your accounting work a lot easier and make your books a lot more useful, by giving you useful insight into your business's financial operations and performance. We'll help you get started.

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5 Questions SaaS Companies Should Ask Their Accountant

Software-as-a-Service (SaaS) companies enjoy unique and inherently profitable business models, but the benefits come at a cost: accounting for SaaS companies can be notoriously complex and become even more so when the standards for financial accounting enter a state of flux. Here are five questions you should ask your accountant to avoid undue IRS attention.

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QuickBooks Power Features for SMB Users

We probably don't have to tell you that QuickBooks is a pretty powerful piece of software — it is, by far, the leading accounting software platform for small and mid-sized businesses. And while it's pretty easy to get up and running on QuickBooks, like with any powerful tool, fully leveraging QuickBooks takes some time and expert knowledge. We're here to help with a quick rundown of some of our favorite QuickBooks power features.

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Choosing the Accounting Method That’s Right for Your Business

All companies need to decide what accounting model to use for their business. Generally speaking, cash accounting is simpler to execute, while accrual accounting is more complicated but more precise and more helpful if you really want to understand what's going on with your company, financially and operationally. Let's take a look at the basic choices and some of the factors to consider as you make a decision for your company.

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Managing Recurring Revenue Accounting More Efficiently

If you're in the business of selling widgets, allocating revenue is pretty straightforward: you sell a widget, your customer pays you, and you book the revenue. But in other businesses, allocating revenue is much more complicated. Take a look at accounting for monthly and annual recurring revenue.

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Migrating from QB Desktop to QB Online: 5 Ways to Make it a Smooth Transition

With QuickBooks Online offering numerous features and time-saving capabilities over its desktop counterpart, more QB users are making the shift to QB Online. Here are a few tips to make the process as simple as possible.

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