Understanding the difference between accruals and prepaid expenses is very important when matching things properly in GAAP accounting. Our expert team has all the knowledge to keep your business in a good place!
Our team sees businesses leave money on the table constantly in regards to security deposits. People forget to account for these as assets and do not track them properly, which can easily lead to lost money at the end of the contract.
Whenever we are working on any type of accounting implementation or cleanup, the chart of accounts is one of the most important things we focus on. It is the core of your financial and accounting information, but problems could be on the horizon if you are not capturing the data appropriately.
One of the most important yet often overlooked areas in a business’ operation is human resource management. Companies either dismiss the idea they need an HR person or assign someone else in another position to handle the HR duties part-time. Unfortunately, both of these approaches can cause serious issues with employee relationships and performance, and can sometimes result in legal conflict.