Remove 2016 Remove Accruals Remove Auditing
article thumbnail

The Golden Rules to Score Big During Tax Time

AvidXchange

In 2016, the Internet Crime Complaint Center (IC3) reported 120,000 cases of tax fraud solely from BEC scams. Instead, paperless processes track every payment and requisition without manually managing accruals. To make auditing and reporting simple, automation stores electronic payments and invoices for businesses.

Tax
article thumbnail

ScaleFactor Fails to Scale, Blames COVID-19

Cloud Accounting Podcast

They'll do cash, or accrual accounting. They're not gonna charge you $500 a month if you're a $10 million-a-year business. [00:11:41] They also have accrual accounting, but it's pretty much similar, other than that. Ernst & Young had been signing off flawless audit, unqualified opinion, year after year after year.