(formerly Transitional Accounting Services)
Nadine A. Harris, CPA Bill.com is one of many available systems to streamline the complexities of the bill pay process. However, this cost-effective tool is compatible with small to mid-sized organizations (SMBs). One major benefit is the ability to send electronic payments. Thereby, improving other accounting processes such as unclaimed property and bank reconciliations. To receive additional discounts, sign … Read more
“Are You Seeking A Staffing Agency?“ Looking for interim help to assist with quarterly or year-end deadlines, fill temporary vacancies, work on special projects or any combination thereof? Whatever your needs, flexibility is the key; especially organizations implementing change in technology or major business processes. In emergency situations, most of you will immediately contact a … Read more
An organization’s culture determines staff interactions and how business decisions are made. Let’s face it, most of us spend more time with co-workers then our own family. Therefore, a friendly environment should be every organization’s goal. However, should staff be treated as family? In a family-friendly culture, staff tenures tend to exceed 20 years. During this … Read more
Most of us have played Chinese Whispers, a statement is verbally passed along to several individuals. We all know what happens…By time it reaches the last person, it has been altered significantly. On some occasions, it is intentional. The results are the same when orally passing down procedures to employees, except there may be tears rather than … Read more
It is common knowledge that W-9 tax forms are used to prepare annual 1099 tax forms for services provided by non employees. Similar to the W-2 tax form, the payee uses the 1099 form to prepare annual tax returns due to the IRS by April 15. The payer also submits the 1099 forms to the … Read more
Risk management is essential to all organizations. To mitigate risks associated with hiring the wrong individual, organizations continue to use credit and background checks to achieve a safe environment and protect corporate assets from theft. Nonprofits must also have a process in place for screening its volunteers. How effective are background and credit checks? Do they … Read more
The risks associated with outstanding checks can be significant. The risks include unintentional or intentional errors resulting in loss of assets, significant penalties for not reporting unclaimed property to the appropriate state and inappropriate reporting. These risks are further compounded because there is no statute of limitations for reporting unclaimed property; time will not make … Read more
Do your staff members keep all of the details of accomplishing critical tasks in their heads? How would these tasks be completed if they were no longer with the firm? Documentation will be the basis for “Root Cause” analysis to identify corporate challenges. Where do you start? Selecting processes for your organization’s improvement project portfolio … Read more