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If your business has never been through a financial statement audit, the process can sound much more intimidating than it actually is. For most small and mid-sized businesses, an audit is an independent examination of the company’s financial statements and the records supporting them. The goal is for an independent auditor to determine whether the financial statements are fairly presented based on the applicable accounting standards. Why Would a Business Need an Audit? An aud

Maryland DDA providers are required to submit their FY2026 General Ledger (GL) cost data by October 30, 2026. But what exactly is the GL Collection used for—and why does it matter? What Is the GL Collection? The Developmental Disabilities Administration requires providers to report detailed costs associated with delivering traditional DDA Medicaid services. According to DDA, the purpose of collecting this information is to inform rates and create consistent cost data across t

One of the biggest misconceptions about accounting is that every business needs the same level of support. Some business owners assume they need a monthly accountant as soon as they start making money. Others wait too long and only look for help when tax season is stressful, cash flow is tight, or someone asks them for financial statements. The truth is somewhere in the middle. Most businesses need accounting support at some point, but not every business needs monthly account

For many business owners, accounting can feel like a task you do just to check a box—reconcile accounts, close out the month, and prepare...

As the year comes to a close, business owners often find themselves in a frenzy trying to get their financials in order. Whether it's...