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Insight

Outsourcing Your Accounting to Address Volatility

Volatile economies and unsettled market conditions may cause growing companies to reduce spending and reassess their strategic plans. Outsourced accounting can provide a cost-effective solution for companies to meet their ongoing cash management and financial reporting needs while preparing for their next growth stage—or the return of more favorable markets. The Benefits of Outsourcing Accounting Read more…

Insight

Choosing the Right Financial Close Software: BlackLine vs. FloQast

As mid-market companies evaluate software solutions to improve the efficiency of their financial close, the final choice is often between BlackLine and FloQast. Both solutions help finance teams improve monthly and quarterly closes by managing tasks and tracking certifications of account reconciliations. However, depending on your organization’s needs, one may be the more suitable option. Read more…

Insight

How to Tell If You’ve Outgrown Your Accounting Firm

The success of your organization’s relationship with its accounting firm depends on various factors that can change as the organization goes through its development stages. As your needs change, it may become necessary to examine your options and potentially change firms. Some signs you’ve outgrown your firm include poor communication, limited services, and compliance issues. Read more…

Insight

What is Biodiversity and How Does Business Come into Play?

Biodiversity is the variety of life on Earth, including species, ecosystems, and genetic diversity within species. It encompasses the diversity of plants, animals, and microorganisms, as well as the ecosystems they form and the variety of interactions between species. The importance of biodiversity to ecosystems Biodiversity is essential for our planet’s ability to function and Read more…

White Paper

Implementing the New ASC 842 Lease Accounting Standard

The new ASC 842 lease accounting standard, has become effective for private companies for fiscal years beginning after December 15, 2021. For calendar-year-end companies, adopting ASC 842 requires practical implementation plans to, for the first time, account for operating leases on the balance sheet.

White Paper

SOC 2 & Risk Management

Formally identifying and addressing risk is an audit requirement, but is also a responsible exercise for your company to undertake. Download our guide and gain insight into the types of risks that should be on your radar.

Insight

Reporting Business-related T&E Expenses

Many companies have resumed some level of business-related travel and entertainment (T&E) activities — or they plan to do so. Unfortunately, these expense categories may be susceptible to incomplete recordkeeping and fraud. So, it’s important for companies to implement a formal T&E expenses policy to ensure reporting is detailed and legitimate. How to report on Read more…

News

Sensiba LLP Named 2023 Top 100 Firm by Accounting Today

Sensiba LLP, a leading U.S.-based accounting and business consulting firm, has been named a 2023 Top 100 Firm by Accounting Today. The magazine annually ranks the 100 largest accounting firms in the United States. Sensiba, which had previously been cited on the publication’s “Firms to Watch” list, was also honored as a Regional Leader in Read more…

Insight

New Capital Gains Tax Upheld in Washington State

Washington state’s Supreme Court ruled on March 24, 2023, that an excise tax on capital gains is constitutional and valid, reversing the lower court’s decision that the tax violated the State’s constitution. The state Supreme Court ruling means the Washington Department of Revenue may continue to administer the tax, which took effect on January 1, Read more…

Insight

Data Visualization in Accounting and Auditing

Data Visualization in accounting and auditing has become increasingly important in recent years. Graphs, performance dashboards, and other visual aids can help managers, investors, and lenders digest complex financial information. Likewise, auditors use visual aids during a financial statement audit to quickly identify trends and anomalies that warrant attention. Powerful Tool Your auditor uses many Read more…