Bookkeeping

First of all, building and managing in-house finance and accounting departments can be costly. From the hiring, onboarding, and training costs to salary and benefits to office space and equipment, you will have to spend thousands of dollars to handle your financial and accounting needs. But if you outsource the finance department, you won’t have to cover many of these.. Read more

Do you need to outsource common finance and accounting services, or do you need CFO consulting services? These are all factors that you need to consider before you even begin to look at all the financial services available. List out your business needs and always keep them in mind when looking for the perfect outsourcing service. Outsourced finance and accounting.. Read more

It can make tracking finances easier and keep your financial info organized for CPAs. Compare the costs of hiring someone full-time versus working with a Physician Practice Management Company. Outsourcing can ease the workload and ensure financial transactions are handled well. Our Healthcare CPAs analyzed several aspects of the practice’s revenue cycle including patient scheduling, billing, clinical documentation, collections and.. Read more

This way, a company’s financial health is neither understated nor overstated, aiding in smart decision-making. The Expense Recognition Principle is a fundamental accounting concept that dictates when and how businesses should record their expenses. It plays a crucial role in ensuring accurate financial reporting, allowing stakeholders to assess a company’s financial health and performance. This blog post aims to provide.. Read more

The increasing complexity of the production function drives several indirect costs, and it’s becoming complex to deal with the same. Hence, you can apply this predetermined overhead rate of 66.47 to the pricing of the new product X. Therefore, this predetermined overhead rate of 250 is used in the pricing of the new product. Can be Used in the Budgeting.. Read more

Cherry Bekaert’s Outsourced Accounting Services provide versatile and practical solutions cash flow for companies across various industries. With a dedicated Real Estate & Construction group, our professionals are well-versed in the unique needs of the industry. By offering cost-effective and tailored solutions, construction companies can overcome their accounting and finance challenges while streamlining procedures using best-in-class technology. Moreover, our services.. Read more