Author Archives: LSL Staff

FASB Votes Against Extending the Lease Accounting Standard Due Date

Private Companies and Non-Profits Must Comply by Original Deadline. The Financial Accounting Standards Board FASB rejected...

US Department of Treasury Compliance and Reporting Guidance Update

UPDATES – U.S. Department of Treasury issued more guidance on June 17, 2021 related to...

10 Things to Consider When Selling Your Business

So much has happened in the past twenty months that some business owners wonder if...

10 Benefits to Automating Your A/P and QuickBooks Accounts Payable Through Software Apps

Accounts payable automation is an incredible tool to include in your accounting and bookkeeping processes....

Business Health Relies on Tight Inventory and Cash Control Systems

Inventory Control Tips for Manufacturers, Wholesalers, and Distributors Inventory management is a critical component of...

Robust Accounting Procedures Can Save Companies

We all know the importance of planning and having procedures in place to help manage...

What to Expect Your Controller to Do for You & Your Business

What Does a Controller Do? Almost like a doctor, they understand and protect your organization’s...

KPIs (key performance indicators) in Action

In part one, of our KPI series, we covered what KPIs (key performance indicators) are...

6 Ways a Budget Helps Your Business Plan

A budget helps your business plan stay on track. Budgets can be powerful tools to...

Real Estate Investors and Owners may be eligible for Energy-Efficient Home Tax Credit

Section 45L Energy-Efficient Home Tax Credit Extended to December 31, 2021 The 45L tax credit...

Why, How, & When to Reconcile Payroll and What the TPA Needs for Census

Payroll is one of your company’s biggest expenses representing 30 to 50% of all of...

Additional Guidance on the American Rescue Plan Act Funds: Recipient Compliance and Reporting

U.S. Department of Treasury issued more Guidance on June 17, 2021.  This guidance is related...

What are Key Performance Indicators, and Why Should You Care?

Key Performance Indicators (KPIs) are a way of measuring business data that will verify if...

Newly Issued Guidance for the American Rescue Plan Act Funds

Fiscal Recovery Funds provisions, established by the American Rescue Plan Act (ARPA), identified four eligible...

Accounting for operating leases is SIGNIFICANTLY changing: Are you ready?

You may have heard about ASC 842 Accounting for Operating Leases. Perhaps it’s something you...