Tag Archives: gaap compliant

When Do You Need to Obtain an Audit?

This week’s article is by Mark S. Becker, Partner, CFO Edge, LLC. Small and medium-sized businesses frequently don’t have audits of their financial statements done unless potential investors or lenders require them. But as needs evolve and opportunities arise – … Continue reading

Posted in Audit Preparation, CFO Services, Financial Strategy, Generally Accepted Accounting Principles (GAAP), Los Angeles | Tagged , , , , , , , , , , , , | Leave a comment

Why Accrual Accounting Is Preferable to Cash Accounting

This week’s post and full article are by Michael K. Menerey, Partner, CFO Edge, LLC. While executives at Los Angeles and Southern California businesses are aware of both cash basis accounting (“cash accounting”) and accrual basis accounting (“accrual accounting”), many … Continue reading

Posted in Accounting Systems Design, Accrual Accounting vs Cash Accounting, Business Loans, CFO Services, Financing, Generally Accepted Accounting Principles (GAAP) | Tagged , , , , , , , , , , | Leave a comment