What does a Forensic Accountant Do?
What does a Forensic Accountant Do? Is your small business not making as much profit as you expect? Are you earning profits but always falling short on cash?...
Bookkeeping Archives - CFOShare
What are the Red Flags of Fraud?
Do you stay awake at night wondering why your business is running out of cash? Have you grown your sales only to see your costs rise equally? Is...
What are Some Business Fraud Examples?
The news regularly has examples of corporate fraud – Wirecard defrauded the public by €1.9B, Matel defrauded of $3M by hackers, Fiat Chrysler salespeople orchestrated $8.7M in wire...
What is Cost Accounting?
Cost accounting is the specialized discipline of managerial accounting focused on timing and attributing costs accurately. Although the concept of cost accounting is simple, the actual practice is...
What Are the Differences Between Bookkeeping and Accounting?
Bookkeeping and Accounting are part of the same profession and are often confused as the same thing, however they are different activities. Bookkeeping is transactional and administrative record...
How to Compare Budget vs Actual
A small business budget is not much use if you do not compare it against actual performance. This classic method of evaluating performance stands as one of the...
What is Management Accounting?
Strategic business decisions are made from the transformation of financial data into critical business operational reports by managerial accountants. Managerial accounting utilizes analysis tools, key performance indicators, and...
Accrual vs Cash Basis Accounting: What Are the Differences?
Let’s all face it – accounting can be difficult to understand, and it’s sometimes as if accountants speak their own language. What exactly does it mean to “write...
What is a full charge bookkeeper?
Full charge bookkeepers are professionals who are skilled at completing end-to-end accounting for a small to medium-sized business; this is much more than what a traditional bookkeeper is...
Why Do Small Businesses Need Financial Statements?
Most small business owners keep a sharp eye on their bank balance, so why do they need financial statements? If the balance goes up, they are making money,...