Understanding accounting jargon is important to avoid misunderstandings and costly mistakes. We provide 10 examples of accounting jargon business owners and executives need to succeed.
The new lease accounting standard is effective for fiscal years beginning after December 15, 2021 for nonpublic organizations; so it’s essential that businesses start planning now if you haven’t already.
Key performance indicators, or KPIs, are critical tools to monitor business health. With Sage Intacct, you can measure and visualize customized KPIs to inform better and more timely decision-making.
Small businesses need to understand the differences between cash-basis accounting and accrual-based accounting to determine which method will benefit them most.
On December 21, Kristen Berdar was featured on WTEN's Tech Crunch Tuesday. She discussed how she created BST's Virtual Accounting Solutions five years ago.
Issuing 1099s can be a hassle for small businesses. The recent shift to Form 1099-NEC makes it especially important to test your knowledge ahead of 2021 tax filing deadlines.
Before your business borrows money, you need to know your current cash flow. You also need an accurate cash flow projection, which is made possible by the latest accounting software solutions.
When searching for a new CFO, look beyond their technical skills to determine whether they have soft skills like honesty and resiliency that are necessary to represent your business well and build a positive environment that leads to continued success.
BST & Co. has seen major growth in its 100% virtual accounting division in the last two years, building on a trend of small businesses outsourcing some or most of their accounting services.
In today’s tight employment market, it can take months to replace an accountant. Meantime, look for ways to delegate, upgrade technologies, and outsource.
Transitioning out of a business requires as much planning as forming and growing a business. These three tips will help you prepare to make a timely and successful business transition.
BST Virtual Accounting Solutions stands out because of the relationships we build, the advanced services we provide and the unique dashboards we create.
Businesses of all kinds can benefit from “renting” an accountant, or outsourcing to a trusted provider. Compared to the costs and hassles of employing an accountant, outsourcing is so easy and efficient that businesses can’t afford the alternative.