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.

June 21, 2019

Operational Planning for Startups: What You Need to Do Now

Operational Planning – For your business to grow, it needs to run efficiently. You also need to avoid regulatory and legal pitfalls in murky areas such as overtime (and there are lots). An accounting system is central to your operations and success. And as workflow is established, there are peripheral and critical workflows you need …

June 10, 2019

Paying the Bills: Why Every Business Needs an AP System

Are you a small business or startup that needs help paying the bills? That’s a trick question. Maybe you said yes because you need help managing your cash flow, but let’s start with the basics. You can’t manage cash flow until, and unless, you have a solid structure for managing accounts payable (AP). Too often, …

June 5, 2019

Celero – Easing Acquisition Challenges With an Interim Solution

In the current robust M&A environment, we’re increasingly seeing companies that suddenly need finance expertise for a transaction, but don’t have the time and/or budget to hire a permanent CFO. Nor does it make sense at that stage, frankly. A solution that works for many companies? Get a good temporary CFO, like e-commerce platform Celero …

April 1, 2019

When Outsourcing Finance, HR and Accounting Makes Sense

Most companies consider hiring a virtual accounting/HR/finance team when they’re small or are just starting operations. But outsourcing finance, HR and accounting departments can be the right move for larger companies, as well. Bang for the Buck for Small Companies If you’re a startup or small business, outsourcing is a fantastic solution because it’s so …

March 8, 2019

Why Your Future Depends on Cloud Accounting Software

If your company still hasn’t switched to a cloud accounting software, there are a number of compelling reasons to make the change, like efficiency, access to real-time data and data security. But another important reason that often goes overlooked is the effect of your software choices on your staffing. The finance leaders of tomorrow don’t …

October 26, 2018

Paying Overtime: Face the Facts

Overtime is perhaps the most misunderstood area of payroll statutes, simply because it’s not as straightforward as a rational person would assume.  The requirements are, to any sane business owner, seemingly insane. Noncompliance can cost you. And just because you’re a cool, casual and flexible boss doesn’t mean you’re not at risk. Here are some …

August 29, 2018

Why You Probably DO Have to File a State Sales and Use Tax Return

In our Outsourced Finance and Accounting group, we file a lot of what we call “non-income tax” forms.   These are pitfalls for many small businesses, and lots of startups don’t even know that this kind of tax exists.  It’s not easy to understand or know when these taxes are applicable, but you can’t ignore this …

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, …

December 28, 2017

Why You Need a Backup Plan for Your Business

Business leaders are generally extreme optimists. In order to grow a company, they have to believe their business plan and products are going to be successful. This optimism can be a disadvantage, however, when a company experiences challenges. As a business leader, it’s important to identify these challenges early and have a backup plan. Your …

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