Implement Effective Internal Controls with Built-In QuickBooks Online Tools
Financial professionals understand the critical role internal controls play in preventing fraud and helping the organization run efficiently. While some control activities are more difficult to implement, the QuickBooks Online accounting software offers a number of often overlooked built-in tools that will help your organization easily establish strong financial internal controls. Join GRF for an…
Achieving Proper Segregation of Duties with Limited Nonprofit Resources
By: Alejandra Jensen, CPA, CFE | Nonprofit Audit Manager Although they recognize the importance of maintaining proper segregation of duties (SOD) as a risk management best practice, many nonprofits still struggle because of limited staff, scarce resources and tight budgets. These organizations are under pressure to cut costs, increase revenue, and identify additional funding streams…
Your Accounting Function Can Become an Organizational Asset with an Accounting Systems Assessment
By: John Pace, CPA, CVA | Partner and Director of Outsourced Accounting and Advisory Services Despite adding accounting staff and implementing new software products, many organizations struggle with significant challenges related to their accounting function. Even with adequate resources and effective leadership, they may still experience issues with providing accurate reports, timely closing of the…
The Benefits of Leasing
If your company wants to improve cash flow, you might consider leasing equipment, vehicles and facilities, rather than buying. The primary advantage of leasing used to be the tax advantages. But the fact that leasing allows you to conserve cash makes it a form of financing. It’s not an alternative that works for every company…
Beating the Monthly Close Woes – Best Practices for Achieving Accurate and Timely Financial Statements
Join Gelman, Rosenberg & Freedman for a complimentary webinar on best practices for your monthly close process, preparing financial statements and planning for the annual audit throughout the year. Slide Deck Click Here Recording Speakers John R. Pace, CPA, CVA | Partner and Director of Outsourced Accounting and Advisory Services Elinor Litwack, CPA | Outsourced Accounting and…
Business Borrowers: Here’s What to Include in Your Loan Application
Whether in expansion mode or facing a short-term cash crunch, small businesses often find themselves in need of capital. But applying for a loan is a time-consuming process that can easily become overwhelming. And there’s always the nagging doubt that — despite your best efforts — the bank will decline your application.Yet with careful planning…
Audit Not Required? Understand Your Options (Preparations, Compilations, Reviews) and Best Practices for Being Well-Prepared
Join Gelman, Rosenberg & Freedman CPAs for an overview of the difference between an audit and its alternatives. Click here to view the slides.
Insurance Issues for Government Contractors to Consider
Are you self-insured? You may be under a related Federal Acquisition Regulation (FAR) and not even know it. The FAR addresses the allowability of insurance in FAR 31.205-19 Insurance and Indemnification. Among other conditions, F 31.205-19 (c) requires that self-insurance costs be measured, assigned and allocated in accordance with Cost Accounting Standard (CAS) 416 (48…
The Road to Audit Readiness: Best Practices for Closing the Books at Year-end
Join us and learn how to avoid some of the common pitfalls that often lead to audit adjustments. Click here to view the slides.