Client Accounting Services

Yes, Operational Planning Is Still Important

With the memory of the most disruptive year in modern history still fresh in our minds, it can be tempting to throw up your hands and say, “What’s the use of planning?” But here’s the thing: When the dust settles, the companies best positioned for the COVID era will prove to be those that entered [...]

Is It Time for Cloud Accounting?

Chances are that you and your employees got a crash course in working from home during 2020. If so, maybe you discovered the limitations of on-premise license software and, like many other businesses, are migrating business operations to the cloud. The trends that are driving the shift to subscription-based software have only been accelerated by [...]

2020-12-21T15:57:47-06:00December 21st, 2020|CLIENT ACCOUNTING SERVICES|

Top 25 CPA and Advisory Firm Carr, Riggs & Ingram Prepares to Host Virtual Accounting and Business Outsourcing Panel Powered by Xero

ENTERPRISE, AL, (DECEMBER 16, 2020) - Carr, Riggs & Ingram (CRI) has announced the third event in their free, outsourced accounting webinar series entitled, "Accounting & Business Outsourcing: Success Stories." This live panel, in collaboration with Xero and Simple Numbers, will feature CRI partners Christy Cardillo, Martin Copeland, and Greg Crabtree discussing real-life stories of [...]

2020-12-16T11:02:08-06:00December 16th, 2020|PRESS RELEASES|

Watching the Horizon: Do You Have the Data You Need to Predict Cash Flow?

Pilots don’t fly a plane by staring in the rearview mirror, so why do we rely on backward-looking financial statements to pilot a business? The COVID-19 pandemic brought into stark focus the critical importance of having real-time, comprehensible, and (most important) actionable data to anticipate cash needs. Businesses with this data at their fingertips were [...]

2020-12-09T00:06:04-06:00December 9th, 2020|CLIENT ACCOUNTING SERVICES|

Real-Time Results: How Dashboards Can Help You Move Your Small Business Forward

Quick! What was your highest operating expense last month? What was the percent change month-to-month? And how does that expense compare to the same month last year? If you can’t answer those questions in just a minute or two, then you might want to consider the benefits of dashboards. Dashboards: Beauty in Simplicity The beauty [...]

Don’t Get Ready for Fiscal Year-End. Stay Ready.

As a business owner, you may be used to seeing articles about the importance of getting started early for your fiscal year-end. Do you know what’s even better than getting prepared? Staying prepared! Be honest: How many times have you realized during the year-end close process that a significant transaction was recorded incorrectly? Correcting that [...]

2020-11-18T11:53:56-06:00November 18th, 2020|CLIENT ACCOUNTING SERVICES|

Maximizing Revenue Is a Realistic Goal, Even During a Pandemic

When managing our business operations in times of economic instability, we tend to focus on the expense side of the equation. We ask ourselves: Where can we cut costs? Is this a necessary purchase? Can we negotiate a lower fee? The revenue side can easily get overlooked. But just like our cash outflows, we can [...]

S1:E19 – Full-Spectrum Client Accounting Outsourcing Services

Monumental changes are taking place in accounting and bookkeeping services these days, and automation is drastically changing the way the industry approaches these time-honored processes. But don’t go ditching your accountant just yet! In this episode of It Figures, CRI Partners Deanna Dibin and Martin Copeland discuss how even with the speed of change and [...]

2020-11-10T12:25:38-06:00June 15th, 2020|

Communicating with Your CPA: A How-To Guide

The relationship you have with your accountant can be one of your most valuable connections, but only if you take advantage of it. You can capitalize on that relationship with a little prep work. Your accountant is here to help you achieve your business goals, and it’s a team sport, so they need your help. [...]

2020-05-26T10:57:22-05:00May 21st, 2020|CLIENT ACCOUNTING SERVICES, SMALL BUSINESS|

Understanding Your Accountant’s Language

If the terminology your accountant uses sounds like a foreign language, don’t worry. Understanding your accountant is simpler than you may think. When they mention your P&L or the DOR or leveraged investments, they are talking about concepts you’re already familiar with. With time, these acronyms and terms can easily become second nature to you, [...]

2020-05-21T16:01:32-05:00May 21st, 2020|CLIENT ACCOUNTING SERVICES, SMALL BUSINESS|

How to Increase Your Chances of a Successful Financial Statement Audit

Clean, audited financials open doors for your business. Whether you’re bidding on a major contract or looking for new sources of financing, audited financials will hasten the decision-making process, priming your business for new growth and helping you accomplish other organizational goals. So what can you do to make sure your audit proceeds without a [...]

2020-07-16T12:06:11-05:00April 9th, 2020|CLIENT ACCOUNTING SERVICES, SMALL BUSINESS|

Spring Cleaning Now Improves Business Performance All Year

When the first flowers poke out their heads, small business owners begin the entrepreneur’s version of a spring-cleaning ritual in preparation for filing tax returns. But a springtime cleanup of bookkeeping and accounting is also a great reminder of what you can do to be more proactive year-round, allowing you to achieve better results as [...]

2020-03-10T17:33:43-05:00March 10th, 2020|CLIENT ACCOUNTING SERVICES|

IRS Announces New Regulations and Resources to Support Revised W-4 Form

The Tax Cuts and Jobs Act (TCJA) made some changes to U.S. taxes that meant significant modifications to the systems the IRS uses to administer the law. Perhaps the most notable of these changes was the elimination of the personal exemption, as this concept was the basis on which employee withholding had been calculated for [...]

2020-02-27T17:56:47-06:00February 27th, 2020|CLIENT ACCOUNTING SERVICES|

Automated Bank Reconciliation: An Instant Analysis for Your Business

How healthy is your business? It is important to perform timely measurements of cash flows to assess the health of your business. The appropriate use of current technology allows automation of the bank reconciliation process, which gives real-time read-outs of fiscal status. Cash flows are the core of a business; therefore, a clear view of [...]

2020-02-26T17:09:40-06:00February 26th, 2020|CLIENT ACCOUNTING SERVICES|

What’s Your Company’s Cash Flow?

Business growth requires investment. But how do you know how much you can afford to spend at any given time? Without an accurate and up-to-date cash flow report, you’re really just guessing. So when opportunities come up — say, a deal on a new truck — you’re making important business decisions without all the facts. [...]

2020-02-04T15:40:39-06:00February 4th, 2020|CLIENT ACCOUNTING SERVICES|

Steering Clear of Bookkeeper Liability Hazards

For some business owners, bookkeeper liability could be cause for concern. Whether you maintain the books for your own company or you delegate that task to an internal or outsourced bookkeeper, it pays to understand the responsibilities inherent in the role. After all, protecting your most valuable assets — your employees — is critical to [...]

2018-11-12T15:42:49-06:00March 26th, 2018|CLIENT ACCOUNTING SERVICES|

These Common Financial Statement Pitfalls

Even the most dedicated business owners can struggle with preparing and reviewing financial statements. These important documents hold key insights about a company’s performance. Mistakes and data errors can drain resources and negatively impact profitability. Here are a few of the most common hazards you may encounter in preparing a financial statement and tips on [...]

2018-12-18T17:03:49-06:00January 24th, 2018|CLIENT ACCOUNTING SERVICES, FEBRUARY 2018|

Why Fair Value is Becoming a Popular “Celebrity” in the Accounting Profession

Entertainment magazine fans probably see the same popular celebrities in issue after issue. Similarly, those who stay up-to-date on current accounting issues probably stumble upon a new article about the fair value standard almost every week. The reason for this increased focus is relevance. The question constantly posed by accounting practitioners, academics, and users of financial [...]

2018-11-12T15:44:22-06:00July 26th, 2017|AUDITS, REVIEWS & COMPILATIONS, AUGUST 2017|