Optimize Your Understanding With Outsourced Accounting

Posted: June 13, 2019 - Finance & Accounting

Accounting data is both a tremendous resource and a constant obstacle. It’s valuable because it reveals a company’s strengths, weaknesses, opportunities, and threats in unparalleled detail. Yet it’s challenging because analyzing huge amounts of accounting data takes experience, expertise, and lots of input. The result is that many companies want to do more with their Read More

CDH Accounting Services Provide On-Demand Expertise

Posted: May 30, 2019 - Blog, Finance & Accounting

  There are two sides to accounting. On one side there are the routine processes, things like payroll that happen the same way over and over. On the other side are business opportunities that accounting enables, dynamic forces that change constantly. Most companies learn how to put their average accounting processes on autopilot, often by Read More

The Cost Advantage of Outsourcing Runs Deeper Than You Think

Posted: May 16, 2019 - Blog, Finance & Accounting

Cost savings are one of the most widely cited reasons for adopting outsourced services. And while it’s true that outsourcing can help to minimize certain budget items, it’s overall effect on financial health is much bigger than that. In the best cases, outsourcing helps companies save money now, drive revenue later, and build a competitive Read More

Outsourcing – Is it a Dirty Word?

Posted: April 30, 2019 - Blog, Finance & Accounting

              The word outsourcing conjures up a lot of negative images, especially for small business owners. It suggests job cuts, loss of control, and lack of transparency. According to popular thinking, businesses that outsource are either extremely ruthless or especially desperate. And, because of that perception, a lot of Read More

When You Can’t Find Talent, Outsourcing is Ideal

Posted: April 11, 2019 - Blog, Finance & Accounting

                  Professionals change jobs for lots of reasons – better pay, different office environment, new city, larger role etc. What’s important to note is that professionals are changing jobs more often than ever before. A recent survey showed that 64% of professionals strongly consider a job change Read More

How to Use Technology to Streamline Back-Office Operations

Posted: March 18, 2019 - Blog, Finance & Accounting

  A recent survey showed that 70% of companies are either pursuing digital transformation or planning to soon. What’s digital transformation? It’s when companies rely on integrated technologies to automate or upgrade everything they do – including accounting. Using one data-driven platform to handle every aspect of accounting allows companies to streamline their entire back-office Read More

The FASB simplifies accounting for share-based compensation

Posted: June 27, 2016 - Family Business, Human Resources

On March 30, the Financial Accounting Standards Board (FASB) published an updated standard to simplify some provisions in share-based compensation accounting. The update — Accounting Standards Update (ASU) No. 2016-09, Compensation — Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting — makes it easier for employers to report the tax deductions for paying Read More

Accounting Standards Update – What lessees need to know today about reporting leases tomorrow

Posted: May 20, 2016 - Tax Planning & Tips

Companies that lease valuable assets — such as aircraft, real estate and heavy equipment — will soon have to recognize on their balance sheets the assets and liabilities generated by contracts longer than a year under Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842). For a major retailer, airline or bank that leases significant Read More

New Accounting Standard Brings Big Changes to Lease Reporting on Financial Statements

Posted: March 17, 2016 - Family Business, FASB

The Financial Accounting Standards Board (FASB) has issued its long-awaited update revising the proper treatment of leases under U.S. Generally Accepted Accounting Principles (GAAP). Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842), will affect companies that lease real estate, vehicles, construction and manufacturing equipment, and other assets. The standard requires these businesses to recognize Read More