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Understanding the Two Methods of Accounting

Cash basis or accrual accounting method? Which one is right for your business? Find out more!

Written by prositesfinancialJan 8 • 3 minute read

What You Should Know About Virtual Accounting

Your accountant doesn’t have to be physically present for your business to benefit from their expertise. Modern technology makes virtual accounting an excellent alternative. It analyzes your accounts remotely and updates them appropriately. Virtual accounting also works if there’s a significant distance between your preferred accountant and your business premises. Some individuals and companies choose […]

Written by prositesfinancialDec 4 • 3 minute read

What is a W-9, and Who Needs One?

If you are an independent contractor or freelancer such as a vendor, consultant, accountant, or architect, the company that hires you will require you to fill out a W-9 form. This is a very straightforward way to send critical information. However, because you do not submit it directly to the IRS, you need to be […]

Written by prositesfinancialOct 8 • 3 minute read

Benefits of Virtual Bookkeeping Services

When running a business, entrepreneurs often feel burdened by the many demanding aspects of keeping their company afloat as well as staying profitable. As technology continues to advance, remote or virtual bookkeeping services can help alleviate the financial and accounting stresses that come with running a business. Many business owners using virtual bookkeeping are quickly […]

Written by prositesfinancialFeb 13 • 2 minute read

What is A Forensic Accountant?

The term “forensic” may bring to mind crime drama on TV, but forensic accountants are more than just Excel jockeys who happen to deal with criminal or civil cases. These accountants possess many other skill sets that make them especially valuable. Forensic accountants themselves may conduct investigations. Because of this, they must be well versed […]

#accounting for litigation#audits#forensic accounting

Written by prositesfinancialJul 15 • 3 minute read

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