The Current Expected Credit Losses (CECL) Model
The economic crisis of 2007-2008 was caused by negligence in financial institutions. In response to the crisis, the federal government with boards of professional accountants created standards for reporting financial activities. One of the widely used standards was...
How Finance Executives Can Plan for Growth During Market Volatility
We recently had experts from insightsoftware join us for an informative discussion on how to start exercising control over your planning to drive business growth. The webinar was titled Best Way to Plan for Growth During Market Volatility and featured Josh Schauer,...
What Controllers Need to Know About Derivatives and Hedging
The financial world is one of risk and reward. Thus, financial controllers must employ strategies to minimize risks and maximize their rewards. Since the 17th century, “hedging” has been used as a word picture of protecting one’s financial investments. Today, hedging...
Return to Work: The Vaccine Question
Companies might finally be eyeing their return to work. But on the road back, leaders need to ask questions to ensure a safe, easy, and understandable plan of action on the way back. But you’re undoubtedly going to run into a touchy situation on the road back to...
Making Sense of Consumer Use Tax
When you think complexities in taxes, which areas come to mind? Corporate taxes—ranging from AMT to payroll—are probably atop the list. For ecommerce companies, the answer is sales tax in the wake of Wayfair. But how about use tax? Often overlooked, this usually goes...
What to Look for in an AP Automation Solution
You know the stories: an important invoice that went missing, a fake invoice that was mistakenly paid. And we’ve all wasted time entering the same data into multiple systems, such as an AP sub-ledger, an online bank account, a reconciliation spreadsheet, and then the...
Seven Post-Pandemic Responsibilities for the Controller
The next four years will be a time to refine the finance department. The 2010s might have felt like a reasonably stable year, at least compared to 2020, but there was a lot moving around that got us to where we are today. New regulations, political and taxation...
Five Ways Growing Companies Expose Themselves to Sales Tax Liability
Growing companies face a lot of challenges—but one of the biggest ones? Compliance. From new rules on the federal level to nuances on the state level, complying with rules on how to run your business and pay taxes can become a challenge. One of our newest sponsors,...
Remote Work: Figuring out State Income Tax for Employees
After the past year of remote work, some companies are looking to enshrine this in their policies for good. If you’re considering this, it may pay to understand the nuances of state tax code—as many are looking to collect on remote work and others might become tax...
Even More Metrics to Optimize on the Road to Normal
Resiliency is all about being able to bounce back after adversity. But for some companies, the journey to normal might be akin to walking barefoot through a room full of Legos. Being able to make decisions requires you to understand how your business works in order to...
How Much Time Can You Recapture Through Technology?
Whether it’s reporting or reconciling, the day to day operations of the modern business requires a lot of legwork from those in accounting and corporate finance. Manual entry is often considered both unreliable and laborious, and a finger slip during data entry can...
Non-GAAP Reporting Considerations for Finance Leaders
Reporting continues to be a hot topic in the corporate finance space. Stakeholders want to know that the company is heading in the right direction, top brass needs to know how to steer the organization, and potential investors want accurate pictures of their...
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