T&O Blog
The case for advisory services
It is sometimes difficult for business owners to justify outsourcing certain services and moreover justifying high-end fees. Accounting, tax and advisory services are no exception-a lot of entrepreneurs start off doing these things on their own but as their business grows and expands they usually find themselves unable to cope with the time it takes to properly in-house these services or lacking the expertise.
Key performance indicators for professional services firms
As accounting professionals, our area of genius is bank reconciliations, workpaper tie outs, and financial statement preparation and analysis. When accountants run their own firms though we have to wear the business owner hat at least half of the time. This article shares what we here at T&O learned over the last few years running our own separate practices as professional services businesses and how we measure our performance.
Harnessing the Power of Accrual Accounting
In the world of finance and business management, the choice of accounting method can significantly impact the accuracy and reliability of financial reporting. While both cash basis and accrual basis accounting have their merits, the accrual method stands out as a powerful tool for strategic financial planning and analysis. In this article, we'll delve into the importance of the accrual method and how it enhances decision-making and long-term business success.