Category Archives: Bookkeeping

Understanding your operating cycle can help you determine your financial health as it can give you a great indication of the company’s ability to pay off its liabilities in due course. Tracking your company’s operating cycle throughout the year is often the best way to gauge how your business is performing and whether it is […]

This includes not only the finished goods ready for sale but also items currently being produced and the raw materials or components used in the production process. Essentially, inventory encompasses everything from the materials we start with to the final products we aim to sell to customers. COGS or COS is the first expense you’ll […]

For e-commerce merchants, card-not-present (CNP) fraud is an ever-present concern. Customers need to feel like they’re getting value from the service over time. On the surface, it sounds straightforward, but managing churn is anything but simple—it’s a process that looks different for every business and every market. Customer retention is the key to profitability in every […]

Deposit times may vary due to processing cutoff times, third party delays, or risk reviews. Since you’re self-employed you don’t have the resources of a large company to make sure you’re paid properly and your books are balanced. Wave accounting software is the solution you need to take charge of your business and keep your […]

These ovens can also keep track of several cooking cycles at the same time in the same cooking chamber. The Electrolux SkyLine ProS electric boilerless combi ovens are some of the most innovative models you can find. These are reliable Energy Star-rated combi ovens that boast a wealth of advanced features that make cooking a […]

This can be a great option if you are self-employed and want to run payroll. The voluntary security and compliance standard SOC 2 is also recommended because it has clear guidelines on how to deal with sensitive data. Remote can do all the heavy lifting for you, giving you peace of mind and allowing you […]

They provide expertise on tax planning, compliance, and strategies to optimize tax positions. During an audit, public accountants review a company’s financial statements, internal controls, and accounting procedures. They conduct tests to assess the reliability of financial information and evaluate the risk of material misstatements. Auditors also assess the overall financial health of the company […]

“The past few years have proven beyond a shadow of a doubt that we live in a VUCA world – that is, one that is volatile, uncertain, complex and ambiguous,” says Mike Platt, principal of the Platt Group and IPA. First coined 35 years ago to describe hard-to-predict situations, the term VUCA was later adopted […]

Stephen P. Pryor, CPA, based in Port Chester, proudly employs financial experts who provide high-quality services. The company specializes in professional taxes, payroll and tax consulting, bookkeeping services, and much more. The local experts serve the real estate, construction, and hospitality industries. MBS Accounting Technology & Advisory (formerly Mark’s Bookkeeping Services), one of the biggest […]

In addition to tracking income and expenses, it also ensures that the organization is using its resources efficiently. Our professional opinion is that the majority of nonprofits will benefit from outsourcing their bookkeeping and accounting needs, working directly with nonprofit accounting experts. It’s an affordable option that can provide access to deep nonprofit accounting experience […]