Posts Tagged ‘Inventory’

Accounting & Audit Alert- Auditing WIP

Many types of businesses — such as homebuilders and manufacturers — turn raw materials into finished products for customers. Production is a continuous process. So, any work that’s been started but isn’t yet completed before

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Posted In: Alerts & Advisories

Accounting & Audit Alert- How COVID-19 could impact year-end inventory counts

Many businesses are closed or are limiting third-party access as COVID-19 surges across the United States. These restrictions could still be in place at year end — a time when external auditors traditionally observe physical

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Posted In: Alerts & Advisories

Accounting & Audit Alert- Manage your working capital more efficiently

Working capital is the difference between a company’s current assets and current liabilities. For a business to thrive, its working capital must be greater than zero. A positive balance enables the company to meet its

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Posted In: Alerts & Advisories

Accounting & Audit Alert- How to keep track of small tools and equipment

Whether it’s hard hats and drills on a jobsite, iPads in an office or RFID readers in a warehouse, small tools and equipment have a tendency to disappear at many companies. The cost of lost,

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Posted In: Alerts & Advisories