When tax season rolls around, neglected accounting tasks can haunt small business owners. It’s a pain to categorize income and expense transactions from memory or track discrepancies among hundreds of ...

In my updated checklist file, I included a “preparer’s work process and procedures checklist.” This started out as a checklist for beginners with step-by-step procedures to follow, but as I got into ...

Each year I prepare and provide to colleagues, for free, a usable updated checklist file. This year's Word file has 370 pages containing 205 separate checklists. I posted a column with a description ...

Engaging an independent accountant is one of the smartest investments you can make as a growing business—not only to stay on top of your finances, but to transform all of those crunched numbers into ...

An audit engagement is a critical exercise for stakeholders such as employees, owners, investors and lenders. For the sake of efficiency, auditors must focus on standard audit tasks; they can't focus ...

An understaffed accounting department caused big trouble for the city of Spokane, Washington. During an audit of the city’s 2014 taxes, several errors surfaced, including revenue miscalculation, an ...

A good accounting system is required for surviving every business. Accounting is inclusive of payroll records, cashbook, credit book, sales invoice, debit book, credit purchase book, vouchers of cash ...

Opinions expressed by Entrepreneur contributors are their own. An understaffed accounting department caused big trouble for the city of Spokane, Washington. During an audit of the city’s 2014 taxes, ...