The ProRata team and I would like to welcome you to our newest blog series, “How to Conquer the Age of FinTech: Finding Your Niche, Mastering Solutions, Marketing Your Skills, and Taking on the IoT and the Cloud Subscription Frontier.” No matter the type of financial professional: CFO, corporate controller, a bookkeeper, fractional/freelance/full-time, etc; […]
Many startup founders we’ve spoken to at ProRata started out (or are currently) tracking revenue in a cash-basis. They soon realize the value in switching to an accrual-based revenue model.
Don’t you hate that feeling? You have worked all week and you are getting ready for the weekend. Exhausted, you head home. As you take a seat every part of you cringes: you made an error and it’s going to cost you. It could cost you in all kinds of ways: […]
You may have seen the recent buzz word control. With GAAP 2018 rules around the corner, even though they never state you must have controls in place, it has made it into the conversation (check out the previously blog post citing BDO). Here’s why: -Eliminates areas in the process where an error could […]
Daylight savings is this weekend and don’t worry, this article is not some cheap word play on the word ‘savings.’ Do we save money and time for our clients? Of course, that is why you get ProRata. Is that what this article is about? […]
Fear: You’ve wasted your limited time on Earth working on meaningless tasks. Fear: You made mistakes that cost you and you will always regret it. Fear: You missed your deadline. Fear: You develop Chrometophobia as a finance professional Fear: You develop Samhainophobia and it’s October 31st Fear: You could’ve gotten […]
Do you ever wonder if people have over-hyped the benefits of cloud accounting solutions and the future of accounting? Among the cited reasons for shifting to cloud accounting solutions are added functionality, mobile device access/ease of accessibility, co-working opportunities, scalability, sped up processing, quickly manipulated databases, automation features, and robust reporting. Needless to […]
As I’ve said before, huge fan and supporter of Intuit’s launch of the app store. It will increase the functionality of QuickBooks and shift them from software to a platform. I was on the phone the other day and listened to a gentleman at length discuss his skepticism of the app store. He stated too much […]