In our last article, we started considering ways that organizations can respond effectively to financial crises. This is more relevant than ever as organizations try to weather the pandemic and navigate their recovery. We considered the kinds of financial crises organizations face and strategic responses to these crises when we find ourselves in the middle… Read more »
It is no surprise that the pandemic had significant and sometimes catastrophic financial effects on business and nonprofit organizations. Organizations were left reeling with questions: what do I do now? When do I do it? How can I bounce back when things get back to normal? What can I do now to prevent this situation… Read more »
After several years of frustration as the CFO of a mid-sized R&D company, managing what should have been a service-oriented function but was more often a roadblock, I was convinced there had to be a better way. So, in 1993 I started Insource Services. Initially conceived as a financial outsourcing firm, with the goal of… Read more »
As a Finance, HR, and IT outsourcing firm, we take security seriously. In 2021 we achieved SOC 2 Type 2 security compliance status. For those unfamiliar with this credentialing protocol, here’s a quick overview. Service Organization Control (SOC) 2 is a set of compliance requirements and auditing processes designed for service providers. A type 2… Read more »
Many organizations enter into lease agreements throughout the course of business. It’s an important activity that provides the organization with access to assets without the greater risks involved in owning these underlying assets. In this article, we’ll cover what to know about accounting for leases in 2022, notably the new leases standard, so you can… Read more »
As we head into the final quarter of 2021, there are a handful of things accounting departments should start doing now to be better prepared to close out the current year and head into the new year. Below are a couple of items to remember to do before the clock strikes midnight on December 31… Read more »
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