Delve Deeper Into Forecasting For a company to be truly successful, its ownership needs to attempt the impossible: see into the future. Forecasting key metrics — such as sales demand, receivables, payables and working capital — can help you manage overhead, offer...
What is an ESOP? If you’ve been in business for a while, you’ve probably considered many different employee benefits. One option that might have crossed your desk is an Employee Stock Ownership Plan (ESOP). Strictly defined, an ESOP is considered a retirement plan for...
How to Handle Evidence in a Fraud Investigation at Your Business Every business owner should establish strong policies, procedures and internal controls to prevent fraud. But don’t stop there. Also be prepared to act if indications arise that, despite your best...
Under IRS regulations regarding electronic consents and elections, if a signature must be witnessed by a retirement plan representative or notary public, it must be witnessed “in the physical presence” of the representative or notary — unless guidance has provided an...
Checking in on your accounts payable processes Accounts payable is a critical area of concern for every business. However, as a back-office function, it doesn’t always get the attention it deserves. Once in place, accounts payable processes tend to get taken for...
Why You Should Digitize Accounts Receivable With electronic payments and in-app purchases becoming so much the norm, many midsize to large companies have grown accustomed to software-driven accounts receivable. But there are some smaller businesses that continue to...
