Accounting

Operating cash flow is a crucial metric that investors and analysts use to evaluate the financial health of a company. It represents the amount of cash generated or consumed by a company’s core operations, excluding investments and financing activities. Direct operating cash flow is relatively straightforward to calculate, but indirect operating cash flow requires a… Continue reading 5 Steps to Calculating Indirect Operating Cash Flow

Operating cash flow is an essential financial metric that measures a company’s ability to generate cash from its operations. It provides insights into how much cash a business has available to reinvest in its operations, pay off debts, or distribute to its shareholders. In this blog post, we will walk you through the steps of… Continue reading How to Calculate Operating Cash Flow

Effective accounting and financial management are critical for the success and growth of businesses in the US. Accurately tracking income, expenses, and cash flow is essential for making informed decisions, maintaining compliance, and securing financing. However, for many business owners, the complexities of traditional accounting and auditing processes can be daunting and time-consuming, distracting from… Continue reading Embrace the Future of Business Accounting: Understanding CAS

In an increasingly digital world, the importance of cybersecurity for accounting firms cannot be overstated. Small businesses, in particular, are prime targets for cyber attacks due to their often limited resources and expertise in cybersecurity. Accounting firms are entrusted with protecting not only their own data but also that of their clients. A breach in… Continue reading The Crucial Role of Cybersecurity for Accounting Firms

Starting a new client relationship in your accounting firm? Ensuring a smooth onboarding process is key to setting the right tone and building trust. Use this simple checklist to streamline your client onboarding process and make a positive first impression. Initial Contact: Setting the Stage for Success Welcome Email: Personalized and Informative The initial contact… Continue reading Accounting Client Onboarding Checklist (Free Template)

Accounting marketing refers to the strategies and techniques used by accounting firms to promote their services and attract clients. It encompasses a wide range of activities, including digital marketing, branding, content creation, and relationship building. For small businesses, effective accounting marketing can be crucial for attracting new clients, building brand awareness, and differentiating themselves from… Continue reading How to do accounting marketing

Tax season can feel like a perfect storm of stress, confusion, and number-crunching monotony. Gathering all the necessary financial records, keeping up with constantly changing tax laws, and ensuring you claim every possible deduction and credit is a monumental task. An individual American taxpayer spends roughly 13 hours and $240 out-of-pocket costs just to prepare… Continue reading How AI Can Help You with Tax Filing

What’s the first type of software that comes to mind when you think “accounting”? Maybe it has to do with financial management or client management. But productivity tools for accountants are just as important, if not more so. They enable a firm’s profitability and long-term success. (Cue the old adage: “Work smarter, not harder.”)   Streamlining… Continue reading Top 5 Productivity Tools Every Accountant Should Know

Efficient workflow is crucial for the success of any accounting firm, especially for small business owners who often have limited resources and time. Streamlining processes can increase productivity, reduce costs, and improve client satisfaction. However, 90% of business owners like you face challenges in managing their accounting processes effectively. These challenges include: In this blog… Continue reading How to streamline workflow at your accounting firm