Articles Tagged - FinancialStatements

Accounting and Finance: A Forbidden Love

By Wiss, Posted in Accounting and Auditing

By Connor Doyle Accounting, our Romeo, and Finance, our Juliet. Two houses, both alike in dignity, in fair New York City, where we lay our scene, from ancient bond break to new maturity, where credit balance makes cash on hand burst seams. Accounting and finance, though both safely under the business umbrella, are divergent in ideology. Finance wants to spend and raise money for the future of a business while accounting wants to keep track of all that has happened in the past. But, both often use informati... read more.

Are you Ready if the Not-for-Profit Financial Statement Standards Change?

By Wiss, Posted in Not For Profit

By Diana Miller  Changes are finally coming in the content and presentation of financial statements for not-for-profit entities for the first time in almost 20 years. Although nothing has yet been finalized, these fairly significant proposed changes could affect classification requirements, liquidity, financial performance and cash flow, according to the Financial Accounting Standards Board (FASB), the regulatory body that oversees these standards.  The package of proposed Accounting Standards U... read more.

Accounts Payable Software Could Help your Business Take Off

By Wiss, Posted in Outsourced Accounting & Tax

By Floriana Allen  Your bill-paying process should not be confusing, labor-intensive or prone to error. That’s why we at Wiss & Company, LLP, use cloud-based accounting programs such as Bill.com for our clients. It’s an ideal tool for handling your accounts payable workflow, and the software syncs with many leading accounting systems, allowing accountants and clients to stay involved in the process in real time. Here are the some of the advantages of the system.    The so... read more.