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Goodwill Accounting: What You Need to Know

Goodwill Accounting: What You Need to Know

When selling or merging a business, goodwill is referred to the intangible assets that represent the excess purchase price over the fair market value acquired during the purchase of an organization. Why is goodwill accounting important? From the seller’s perspective,...
Deciphering the Data on Accounting Information Systems

Deciphering the Data on Accounting Information Systems

Maybe you just landed a big account and need to stay on top of your finances to exceed expectations. Maybe you’ve got a new project on the way and want a better way to keep your money organized through the changes. Or maybe, you’ve just started a brand new business,...
Should Your Firm Hire an Accounting Clerk?

Should Your Firm Hire an Accounting Clerk?

As firms grow and look to bring on new members to the finance team, they tend to focus on common roles such as CPAs and bookkeepers. While those jobs are essential, firms would be doing themselves a disservice if they overlooked one key hire: a high-quality accounting...
Why Should You Outsource Accounts Payable?

Why Should You Outsource Accounts Payable?

This article comprises the second in a series of four that looks at the benefits of outsourcing the four financial functions of Accounts Payable, Accounts Receivable, Payroll, and Financial Planning and Analysis. Our first article, on accounts receivable, noted how...