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, …

May 1, 2019

Lessons From the PG&E Bankruptcy: Managing Key Customer and Credit Risks Is Critical

The bankruptcy filing in late January 2019 by the California utility PG&E Corporation is the latest example of how a significant event at one organization can have ripple effects through the ecosystem of companies that do business with that organization. In an interconnected global economy, every company must understand its markets and growth opportunities while …

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 …

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, …

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 …

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