Occupational fraud can be defined as crimes committed by employees against the organizations that they work for. Perhaps its most dangerous variation is executive fraud — that is, wrongdoings by those in the C-Suite. Senior-level execs are in a pri...

With rising interest rates, a looming recession and more, today’s economy continues to be a gamble for business owners. Whether the economy will grow or suddenly stall, you may want to consider cost-control management to be prepared, no matter the ...

Question: I’m considering outsourcing my accounting function but am concerned about not having an internal specialist or team. Can you explain accounting outsourcing and how it could benefit my business? Answer: With today’s quickly evolving bus...

Question: In today’s uncertain environment, what should I prioritize within my accounting function? Answer: Proactively managing your accounting and financial function can be a complex task with the nature of today’s business environment. During ...

If you ask some business owners why they do things a certain way, they might answer, “Because we’ve always done it that way.” But with all the changes that have taken place in the financial and accounting realm, doing things the way you’ve al...

Family-owned businesses face distinctive challenges when it comes to succession planning. For example, it’s important to address the distinction between ownership succession and management succession.  When a nonfamily business is sold to a third ...

Navigating an evolving healthcare landscape is challenging enough without worrying about your technology stack not keeping up. What drives your business success is focusing on your patients, not spending countless hours concerned about meeting strict...

As a member of the hospitality industry, you know all too well that sound financial management can keep your business on track and strengthen your operations. If you start to feel a strain on your financials, you should reassess your accounting proce...