Financial Statement Preparation
Financial Peace of Mind
Financial statement preparation involves using standards set forth by the AICPA to organize and communicate critical financial information. This includes taking provided financial information that has been collected over a reporting period, and organizing the information into financial statements which will bring value to management. Common financial statement methods used for preparations include accrual basis, cash basis and income tax basis.
Recent Articles
How Your Small Business Can Sustain Long-Term Growth with a Healthy Cash-Flow
A positive cash flow—when more cash is flowing into your business than out of your business—is a sign of financial wellness and efficient management. It is a vital piece of the puzzle to sustaining long-term growth. Read on for some strategies to help maintain a...
How Construction Firms Can Make the Payroll Process More Accurate and Efficient
Payroll is often one of the most complex administrative tasks for a construction firm. At any given time, you may have employees at differing pay rates working across a range of job sites. By streamlining your payroll process, you will save time and ensure that...
The Pros and Cons of Borrowing Against a 401(k) for a Down Payment on a Mortgage
If you’re in the market for a new house, you might be wondering if you can tap into your workplace 401(k) to cover the down payment. The short answer is yes, but there are definite disadvantages in doing so. Let’s take a look at some of the pros and cons to this...
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