Financial Advisory Blog

Armanino’s Financial Advisory blog is your source for thought leadership around cloud ERP and accounting solutions and integrations. Supported by the Cloud Accounting Institute and numerous experts in cloud, finance, reporting, integration, compliance, and technology, Armanino’s Financial Advisory blog features must-read content on what’s happening in the finance industry, case studies, white papers, and much more.

May 21, 2018

How Blockchains Achieve Consensus: Proof of Work vs. Proof of Stake

The use cases for blockchain are now being recognized as a truly viable option for future technologies. This stems from its inherent characteristics of immutability, security, traceability, anonymity and trust. Blockchain maintains these characteristics by achieving “consensus,” meaning agreement between all users or nodes within the network. How does a blockchain achieve this critical consensus? …

May 1, 2018

Top 10 Best Practices for Accrual Accounting

If your income always exceeds your expenditures, using cash accounting with no accounts payable or accounts receivable works fine. But if your income isn’t always greater than your expenditures, you need better visibility into what’s happening this month, as well as what’s likely to happen next month.  For a fuller picture of your organization’s financial …

February 27, 2018

Why Paying Your Taxes Late Is a Bad Idea

Business owners pay a variety of company business taxes, in addition to their own personal taxes.   Scariest of all, they pay taxes for employees, by withholding income taxes from the employee’s paycheck and remitting them to the government on the employee’s behalf. Every business owner has also paid taxes late at some time or another, …

Call of the Sea: Why Outsourcing Makes Sense for This Nonprofit CEO

Outsourced finance and accounting services can benefit nonprofit organizations in a number of ways. One example is our client Call of the Sea, an environmental education nonprofit targeted toward youth in the Bay Area. The Armanino team recently spoke with Charles Hart, CEO of Call of the Sea, about his organization, his reasons for outsourcing …

December 2, 2017

Part 2 Blockchain & Cryptocurrencies: 4 Ways It Will Change How We Do Business

Cryptocurrencies and blockchain have emerged as an exciting alternative to regular money. (We covered the basics here if you need a refresher.) But, this technology could be much more than an alternative currency. It also has the potential to revolutionize the way we do business. Here are four areas where we may see big changes …

November 13, 2017

Part 1 Blockchain and Cryptocurrencies: What You Need to Know

Blockchain and cryptocurrencies are mainstream news, especially as Bitcoin continues to hit record prices. But while most people have heard of this exciting new technology, it’s still not widely understood. To help you get up to speed and better anticipate the potential impacts on your business, here are the basics. What is cryptocurrency? Cryptocurrency is currency that …

August 30, 2017

Cash Is King: How to Optimize Your Cash Position With a Cash Flow Forecast

An entrepreneur I know says that someone truly becomes a business owner only after they’ve spent a sleepless night worrying about making payroll. We disagree. You and your organization can avoid many stressful situations, and make better decisions, by planning with a cash flow forecast. What is it? A cash flow forecast is a tool …

May 2, 2017

ASC 606: What Early-Stage Companies Need to Think About Now

As a CEO, COO or CFO of an early-stage company, you have enough to worry about. Lining up investors, getting a minimally viable product to market, and persuading customers to sign a contract are pursuits that get the lion’s share of your attention—as they should. However, there is one additional thing you need to focus …

April 6, 2017

New Form I-9 for Employment Eligibility Verification

The U.S. Citizenship and Immigration Services (USCIS) department has published a revised version of Form I-9, Employment Eligibility Verification. Here’s what you need to know: All employers must be aware that Form I-9 has been revised.Accounting Only the new version should be used as of January 22, 2017, for all new hires. Penalties can apply …

October 12, 2016

Bookkeeper vs. Accountant: Which Do You Need?

Although bookkeepers and accountants are often seen as interchangeable, they have different qualifications and fill different business roles. As your company evolves, you will likely need one or both of them. To help you find the right level of expertise, here’s a brief comparison of the two types of professionals to help you determine which …

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