Effective inventory management and communication between companies are critical factors in successful co-packing collaborations – which is why we are excited about Wherefour’s latest release that adds a new level of visibility to help food companies and co-packers work together more [...]
Here’s a simple question: Would you rather continue to manage accounts payable manually or put the whole process into an automated workflow? Considering the amount of time that’s consumed by staff and other resources in the AP process, most [...]
Outsourcing offers unique solutions to some of today’s biggest accounting challenges. If your company is debating over how to best account for its transactions, consider the advantages of outsourcing accounting. 1. Outsource Accounting Cost Outsourced accountants can cost a [...]
One of the many determinations companies need to make as they implement ASC 842, the new lease accounting standard, is calculating the appropriate discount rate for their leases. For lessees, selecting and estimating the discount rate will have an [...]
For startup food, beauty, and natural product companies that are interested in outsourcing their manufacturing, choosing the best partner is a critical decision that can impact their long-term success. Outsourced manufacturing — often referred to as co-packing, co-manufacturing, or [...]
What is a Cash Flow Statement? A cash flow statement is an important tool that management should review on a consistent basis to gain valuable insights into the company’s financial health and identify emerging or potential problems. Cash flow [...]
On Friday afternoon, the SBA released additional guidance on several key elements related to PPP forgiveness, as well as a PPP Loan Forgiveness Application. Some areas that have been better defined, include: Alternative Payroll Covered Period Added For payroll [...]
One of the most attractive elements of the Small Business Administration’s Paycheck Protection Program (PPP) is the potential forgiveness of funds advanced that small business owners use for payroll and other eligible expenses. Obtaining that forgiveness, however, may not [...]
If you've secured funding from the Paycheck Protection Program – now is the time to get a head start on gathering the documents you'll need to apply for forgiveness. Our checklist provides: A quick overview of what to expect [...]
For a lot of small to mid-size manufacturing and distribution businesses, there’s a conundrum looming over the accounting department. Often, these departments consist of just a few accountants, possibly a controller or accounting manager. Typically the business owner serves [...]
