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Tag: Financial reporting
How to Create a Profit & Loss Statement: Free Template
February 2, 2022 by Brandon Malekie
What Is a Profit and Loss Statement? (and How to Create One)
Most business owners understand they need to track income...
How Sage Intacct and FloQast Streamlined This Accounting Team’s Close and Helped Established Audit Readiness
January 12, 2022 by John Siegel
At FloQast, we pride ourselves on working with users in their preferred manner. Over the years, it’s become clear that...
What Is Double-Entry Bookkeeping? An In-Depth Look at One of the Pillars of Accounting
January 7, 2022 by Michael Whitmire
Double-entry bookkeeping – as the name implies – means that every business transaction is entered twice in the accounting records.
Wait,...
Closing Strong: Best Practices for a Streamlined, Effective Year-End Close
December 22, 2021 by Michael Whitmire
And just like that, it’s that time of year again. The presents are (mostly) wrapped, holiday plans are (somewhat) solidified,...
What Is a Virtual Audit and How Are They Done? An In-Depth Look
December 2, 2021 by Andrea Stefan
Hi! My name is Andy Stefan, and I'm an Account Executive here at FloQast. Before joining the team as a...
What Is Cost of Goods Sold (COGS) in Accounting?
November 24, 2021 by Brett Hughes
Have you ever laid in bed at night and had trouble falling asleep because you didn’t know the answer to...
What Is a Trial Balance vs. Balance Sheet? An In-Depth Look
November 22, 2021 by Michael Whitmire
Every business – from the solo freelance graphic artist to the Fortune 500 global company – relies on the same...
FloQast Cures Pharmaceutical Company’s Accounting Headaches
November 10, 2021 by John Siegel
Ironwood Pharmaceuticals is, first and foremost, a medical company. While it is accustomed to making a profound difference in the...
4 Best Practices for a Better Month-End Close in the New Year
November 2, 2021 by John Siegel
For the longest time, the close was seen as a necessity — an evil process that required long hours and...
The Impact of Recent Legislation on Accountants and Auditors
September 8, 2021 by Brett Hughes
Ever-changing regulations, both domestically and abroad, place a burden on accountants and auditors.
Audit firms feel the strain of balancing resources...