Category: Research
How Do You Book a Payroll Journal Entry?
September 23, 2020 by Chris Sluty
Payroll is probably one of the most common journal entries – and one of the most common for pitfalls and...
What is Close Management Software
September 16, 2020 by Blake Oliver
Would you like to shave time off your month-end close while simultaneously improving the accuracy of your numbers? By using...
IFRS vs. GAAP: What’s the difference?
September 9, 2020 by Michael Whitmire
The underlying accounting rule that debits must equal credits applies around the world, but precisely how those debits and credits...
What is Petty Cash Management?
August 11, 2020 by Michael Whitmire
Even though we’re quickly moving towards a cashless economy, there are still times when a business needs a small amount...
How to Reconcile Petty Cash
August 6, 2020 by Michael Whitmire
Debit cards and smartphones are quickly becoming the favorite ways for the younger generations to pay for things, but even...
Virtualizing the Month-End Close: Steps for an Efficient Remote Month-End Close
July 30, 2020 by John Siegel
So far, 2020 has been full of surprises. It’s brought incredible challenges and changed the way we do just about...
What is a Financial Audit Statement? Definition & How to
July 21, 2020 by Michael Whitmire
Working with the former accountants now working at FloQast, we decided to take a look at some of the pillars...
What is Cost Allocation? Definition & Process
July 16, 2020 by Michael Whitmire
Working with the former accountants now working at FloQast, we decided to take a look at some of the pillars...
What is Reconciliation in Accounting?
June 26, 2020 by Michael Whitmire
Working with the former accountants now working at FloQast, we decided to take a look at some of the pillars...
Auditing the Audit: The Negative Effects of an External Audit
January 2, 2020 by John Siegel
Some organizations consider an external audit of the business’s financial statements as merely a requirement to comply with grant agreements,...