Revenue Recognition for Contractors – Actually, It Will Affect You
The impact of revenue recognition on contractors Over the last several months, our conversations with contractors about the new revenue recognition standard have typically
The New Model for Lease Accounting’s Impact on the Construction and Real Estate Industries
With the issuance of ASU 2016-02, Leases, the Financial Accounting Standards Board (FASB) made changes to accounting standards for leases that will have a
George Malina on American Express’ Open Forum
George Malina was quoted in an American Express' Open Forum article on reconciliation for small and medium-sized companies. George, CSPM, is a partner on Sikich’s
Tina Perez Published in Construction Executive
Tina Perez, audit partner, certified public accountant and certified construction industry financial professional, was published in the Construction Executive article, Address New Accounting Standards Now to Ensure
IRS Takes Closer Look at Exempt Organizations Employment Tax Compliance
The IRS is adding new areas of focus for employment tax examinations and tax-exempt organizations are being closely considered. The IRS Tax Exempt and Government
Virtues of an Accountant: Freedom Edition
As Independence Day approaches, we often think of the founding of our nation, and all those who sacrificed and paved the way for us to
Managing Your Sales Team’s Commissions in NetSuite
Managing your sales team’s commission in NetSuite can be done easily and effectively by adding the Incentive Compensation Module into your current NetSuite environment. An
Sikich Teaches at 2018 WGFOA Governmental Accounting Workshops – Summer 2018
The Wisconsin Government Finance Officers Association is offering a workshop that covers important topics as it relates to the special reporting and principles for state
Incorporating reCAPTCHA in NetSuite Forms
NetSuite provides the ability to create online forms that can feed your leads, prospects, and other record types in your NetSuite system, but one of
How to Rename Custom Fields in NetSuite
The ability to add a custom field to forms in NetSuite is a great feature that allows you to change the view of your system
NetSuite CSV Import: Import Credit Memo and Apply to Invoice
NetSuite supports the ability to import a Credit Memo and apply it to a Sales Invoice in the process. This process is similar to importing
NetSuite 2018.1 Includes New Features for Wholesale Distributors
NetSuite is a true cloud solution and includes major releases twice per year as part of your subscription. The fantastic thing is that the upgrades
How to Avoid Accruals Related to Vendor Bill Approvals in NetSuite
Reduce accruals by using the payment hold field instead of approval status field in NetSuite! With NetSuite’s SuiteFlow (workflow) tool, companies can implement custom approval
NetSuite 2018.1 New Features for Manufacturers
NetSuite is a true cloud solution and includes major releases twice per year as part of your subscription. The fantastic thing is that the upgrades
ACA Extension granted for Issuance of Health Coverage Forms for 2017 to Individuals
The IRS announced that it has extended the due date for employers to provide 2017 health coverage information to individuals. Insurers, self-insuring employers, and other
Employee Benefit Provisions Impacted in the Tax Cut and Jobs Act (TCJA)
The recently enacted tax law included a variety of employee benefits. Below are some highlights to be aware of in the coming years: Individual Mandate
How NetSuite is Your Private Business’s Best Asset for ASC 606
The new regulatory standard, ASC 606, has had a large impact on finance teams that affects all industries. If you are a private company, there
New Ohio Tax Amnesty Program Available Until February 15
The Ohio Department of Taxation oversees a variety of taxes within the state. The most common taxes include the Commercial Activity Tax (CAT), Sales and
Is Your Private Business Ready for ASC 606?
It's no surprise that revenue is the most critical financial measure for most businesses as well as their owners, lenders, and stakeholders. In the early
