Audit & Accounting

What business owners need to know about the accounting cycle

Whether you just launched your business or it’s been operational for a while, understanding the accounting cycle and consistently following procedures can help keep your financials in order.
October 22, 2026
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The accounting cycle is used to record, organize and summarize financial activity for a specific period. Also known as the bookkeeping cycle, it’s designed to produce accurate data that will help business owners understand performance, manage cash flow and plan for the future. Properly prepared financial records can alert owners to operational issues before they […]
#AccountingCycle, #AuditAndAccounting, #FinancialReporting
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Financial Reporting & Assurance

Should your business consider a fiscal year end?

For many businesses, the calendar year is the default setting for tax reporting. But in some situations, a different year end may be the smarter choice.
March 23, 2026
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Most businesses close their books for tax and accounting purposes on December 31 because it aligns with the calendar year. But a calendar year isn’t always the best option. For some companies, choosing a fiscal year end that better reflects their business cycle can improve financial reporting and simplify year-end procedures and tax filing. Here’s […]
#BusinessStrategy, #FinancialReporting, #TaxPlanning
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