Manufacturing & Distribution

Close-up on financial statements

There are three types of financial statements under U.S. Generally Accepted Accounting Principles (GAAP). Each one reveals different, but equally…

Comparing internal and external audits

Businesses use two types of audits to gauge financial results: internal and external. Here’s a closer look at how they…

Lean manufacturers: Reap the benefits of lean accounting

Standard cost accounting doesn’t necessarily work for lean operations. Instead, lean accounting offers a simplified reporting alternative that generates more…

First Quarter Industry Newsletters

Quarterly collection of current topics, news alerts and industry updates. Business Valuations Newsletter – March 28, 2019 Construction Newsletter –…

The 2018 gift tax return deadline is almost here

Did you make large gifts to your children, grandchildren or other heirs last year? If so, it’s important to determine…

Vehicle-expense deduction ins and outs for individual taxpayers

It’s not just businesses that can deduct vehicle-related expenses. Individuals also can deduct them in certain circumstances. Unfortunately, the Tax…

Audits home in on cybersecurity

In 2018, U.S. organizations that suffered a data breach lost an average of $7.91 million as a result. That’s the…

Keeping Delivery on Time

If you’re like most manufacturers, your on-time delivery rate could use some improvement. While it’s most critical in a “Just…

How to report stock compensation paid to nonemployees

The accounting rules for reporting stock compensation have been expanded. They now include share-based payments to nonemployees for providing goods…

Auditing cashless transactions

Like most businesses, you’ve probably experienced a significant increase in the number of customers who prefer to make cashless payments….