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10 Accounting Terms Explained

10 Accounting Terms Explained

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.
Simplifying the New Lease Standard

Simplifying the New Lease Standard

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.
Why You Must Keep Your Eyes on KPIs

Why You Must Keep Your Eyes on KPIs

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.
Must-Know Facts About Business Financial Fraud

Must-Know Facts About Business Financial Fraud

Business financial fraud is a concern for most businesses. We detail common fraud schemes and offer tips for avoiding and recovering from fraud.
Cash vs. Accrual Accounting: Which Is Better for Small Businesses?

Cash vs. Accrual Accounting: Which Is Better for Small Businesses?

Small businesses need to understand the differences between cash-basis accounting and accrual-based accounting to determine which method will benefit them most.
WTEN’s Tech Crunch Tuesday features Virtual Accounting Solutions

WTEN’s Tech Crunch Tuesday features Virtual Accounting Solutions

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.
Test Your 1099 Knowledge

Test Your 1099 Knowledge

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.
Ron Guzior Interviewed on Outsourcing for Small Business

Ron Guzior Interviewed on Outsourcing for Small Business

Ron Guzior was interviewed by the Albany Business Review discussing how outsourcing is the future for small businesses.

Can Your Business Afford to Borrow Money?

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.

Look for These Four Soft Skills in CFO Candidates

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 Featured in Albany Business Review Article Regarding How BST Grew its Virtual Accounting Division to $1M in Revenues

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.

My Accountant Left. Now What?

In today’s tight employment market, it can take months to replace an accountant. Meantime, look for ways to delegate, upgrade technologies, and outsource.

Three Tips for a Successful Business Transition

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.

5 Reasons to Choose BST’s Virtual Accounting Solutions

BST Virtual Accounting Solutions stands out because of the relationships we build, the advanced services we provide and the unique dashboards we create.
Renting vs. Buying an Accountant

Renting vs. Buying an Accountant

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.