Tag: GAAP

Accounting Reconciliation

What Are Reconciling Items? Definition and Examples

As a business owner, reconciling your bank accounts, credit cards, and other balance sheet accounts periodically is essential. Reconciling allows you...

Accounting

What Is Intercompany Accounting

When two or more companies or different legal entities share the same parent company, transactions between the subsidiaries and with...

Customer Stories

Increasing Financial Velocity and Accuracy with FloQast, Oracle NetSuite, and Sikich

Webinar: Increasing Financial Velocity and Accuracy with FloQast, Oracle NetSuite, and Sikich Improving long-established processes is never a trivial undertaking. Or...

Accounting

What Are ESG Reporting Standards in 2022? Exploring What’s Expected This Year and Beyond

What are ESG Reporting Standards in 2022? ESG (environmental, social, and governance) reporting standards have changed in the last year alone,...

Accounting

What are Temporary Accounts? An In-Depth Look

What Are Temporary Accounts? Temporary accounts, also known as nominal accounts, are those where the balance goes to zero before starting...

Accounting

How Does Brexit Affect Accounting Firms?

The success or failure of any decision often depends, to some degree, on its economic impact. Brexit is no exception....

Customer Stories

How Sage Intacct and FloQast Streamlined This Accounting Team’s Close and Helped Established Audit Readiness

At FloQast, we pride ourselves on working with users in their preferred manner. Over the years, it’s become clear that...

Accounting

What Is Double-Entry Bookkeeping? An In-Depth Look at One of the Pillars of Accounting

Double-entry bookkeeping – as the name implies – means that every business transaction is entered twice in the accounting records.  Wait,...

Accounting

What Is a Trial Balance vs. Balance Sheet? An In-Depth Look

Every business – from the solo freelance graphic artist to the Fortune 500 global company – relies on the same...

Accounting Leadership

How a Business’s Books Will Look Different Under the New Lease Accounting Standards

Non-public entities were given a temporary reprieve from the new lease accounting standards, but the Financial Accounting Standards Board’s extension...