Managing Accounts Receivable (A/R) is a critical function for any business, as it directly impacts cash flow and financial stability. A/R posting, the process of recording incoming payments and matching them to outstanding invoices, ensures accurate tracking of...
Many businesses, particularly those using accrual accounting, face a common challenge: the lag between invoicing customers, collecting payments and paying suppliers and contractors. This discrepancy can lead to a negative cash flow, even if the company’s...
The new BOI requirement (Beneficial Ownership Information) enacted by the US Congress in 2021 has attracted significant attention. In this article, I delve into what BOI is, why it was requested, how companies can comply, and other pertinent considerations for...
Starting a company in the US involves several key steps, one of which is choosing the proper corporate structure. The structure you select impacts your legal liability, tax obligations, and operational flexibility. In this article, I provide a comprehensive guide to...
For any business owner in the US, payroll is a critical but often complex function. Ensuring accurate and timely employee payments while staying compliant with a labyrinth of federal, state, and local regulations can feel overwhelming. This article explores key...
QuickBooks Enterprise (QB Enterprise) is a powerful financial management tool designed for medium to large businesses. One of its most valuable features is the Advanced Reporting tool, which allows users to create custom reports and queries to gain deeper insights...
