Archive for the
‘Resources’ Category

Whether we like it or not, budgeting season is here. It begins as early as August, with finance teams hoping to wrap up the annual budget before their set yearly deadline, typically in December. The importance of the budget cannot…

Oct 19, 2021

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If you are finding yourself unsure of the difference between a retained search and a contingency search – you are not alone! At first glance, it appears to be a matter of how the recruiter gets paid. A retained search…

Oct 04, 2021

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As an entry-level accounting system, QuickBooks is a logical choice for small businesses and entrepreneurs looking for an easy way to track basic finances. And it works – until it doesn’t. For many businesses, QuickBooks can create time-intensive problems that…

Aug 03, 2021

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Outsourced accounting is quickly becoming a lucrative strategy among small and medium-sized businesses that want to reduce overhead expenses without sacrificing efficiency. If you are running a business, it is important that you understand the difference between outsourced and in-house…

Jul 26, 2021

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As a small business owner, you realize the importance of keeping your overhead costs as low as possible. You probably are spending lots of your time keeping a close eye on your expenses and might even do your bookkeeping yourself…

Jun 29, 2021

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If you are using spreadsheets to maintain your leases, you know what a pain those spreadsheets can be. They are error-prone, difficult to adjust, and can even increase risk. Or, as one audit partner excellently put it to me recently,…

May 25, 2021

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ProNexus Lease Accounting Software Demo Why Using Spreadsheets Can Be Risky Webinar Date: Tuesday, June 22nd Time: 11 AM – Noon Register Now Not only is using Excel a risky method, but it can also be incredibly time consuming when…

May 24, 2021

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The New Lease Accounting Standard Checklist: How to Identify Embedded Leases While embedded leases are not a new concept in accounting, they are now receiving a lot more attention. In the past, operating leases weren’t recorded on the balance sheet,…

May 10, 2021

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Public Knowledge, Private Lessons: Implementing & Maintaining the New Lease Accounting Standard (ASC 842) Public companies have had to comply with the new lease accounting standard since the beginning of 2019. Analysis of their preparation successes and challenges provides critical…

May 05, 2021

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              When it was time for public companies to implement the new lease accounting standard, many opted for a tool they already know: spreadsheets. Similar to the prior lease accounting standard, they figured this…

Feb 27, 2021

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ProNexus provides cost-effective accountants to assist with year-end close & CPA firm readiness to help you avoid unnecessary delays & costly overruns from your CPA firm and tax preparer. Let us help you ensure a successful year-end close so that…

Feb 05, 2021

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Introduction The new lease standard (ASC 842 and GASB 87 in the U.S. and IFRS 16 internationally) is intended to account for all lease obligations on financial statements, rather than excluding operating leases as has been the standard. This change…

Dec 23, 2020

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