1. Plan ahead – To be ahead of the curve, treat audit preparation as a year-long process. By keeping schedules and reconciliations up-to-date throughout the year, you can reduce the...

1. Use ProAdvisor – ProAdvisor is part of the QuickBooks Intuit Package and connects you with a local accountant who can help get you up and running on the software. They can...

* If you run a small business, chances are you have a few employees that are in charge of several different areas of the organization. Split up the duties among...

Types of occupational fraud include embezzling, insider trading, forging checks, expense reports and vendor invoices.

* Invoices from fake vendors – an employee can create a fictitious vendor, mail a...

1. Accounting Period: The period communicates the span of time that is reported in the statements.

2. Allocation: The term Allocation describes the procedure of assigning funds to various accounts...

1. Accounts Payable – All Expenses a business has incurred but has not paid yet.

2. Accounts Receivable – All revenue (sales) that a company has provided but has not...