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All About Accounting (11)

9 Benefits of Outsourcing Your Business’s Accounting Function

If you’ve wrestled with the idea of outsourcing your organization’s accounting function, you’re in good company. Many small- and medium-sized business owners have grown weary of maintaining an internal bookkeeping staff due to frustrations with employee...
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6 Reasons Why It Makes Sense to Outsource Your Organization’s Accounting Function

Even as a CPA firm, we’re not above admitting that while the accounting function is incredibly important in any organization, it is often time consuming and gets in the way of more exciting revenue-generating business initiatives. If, as a business...
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Quick Guide: Functional Expense Classifications for Nonprofits

Nonprofit organizations are constantly under scrutiny as to how they allocate their functional expenses in their statement of activities. Unlike for-profit entities, nonprofits must provide a statement of activities in the financial statements about...
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How Does Your Skilled Nursing Facility’s Bad Debt Expense as a Percentage of Revenue Measure Up?

One of the most common questions we get from our skilled nursing facility clients is, “How does my facility’s bad debt expense as a percentage of revenue compare to industry averages?”
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How Long Term Care Facilities Can Better Manage Receivables and Collections

Collection of receivables is one of the toughest financial challenges that a long term care facility faces. Delinquent receivables can create short-term and long-term cash flow issues — and the financial viability of your facility.
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Guidance for Protecting Your Overhead Rate from Overzealous Auditors

If your architecture, engineering or construction firm has been contracted to provide services to state or local governments, it’s imperative that you understand your firm’s indirect cost rate and how to navigate the FAR and AASHTO Audit Guide.
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