Wiss, Author at Wiss & Company, LLC

Leverage Automation to Enhance Your Accounts Payable System

Written on June 4, 2019. Posted in Technology.

Your organization has embraced advanced technology everywhere it seems to fit. In that way, you’re staying competitive in your industry and meeting the expectations of clients or customers. Nonetheless, if your accounts payable people aren’t leveraging technology to streamline workflow, your company is still missing the mark. Sometimes you don’t know what you’re missing until you make a change. Here are some of the leading benefits of a changeover to an automated AP system. Workflow...

Contractor Billings: Management, Strategy, & Effects on the Financial Statements

Written on May 14, 2019. Posted in Construction.

Updated 7/30/2019. In the construction world, management is key. It takes a tenured project manager to have a successful and profitable job, so when it comes to the billing department, take a strategic approach. Contractor billing breakdown Now some may be asking, “Why does billing matter? Don’t contractors earn revenue regardless of how much they bill?” And that is true – Generally Accepted Accounting Principles (GAAP) state that to be accurate, the best way for a contractor...

Today’s Software Solutions Vastly Improve HR Staff Productivity

Written on April 29, 2019. Posted in Advisory Services.

Updated 7/30/2019. I recently visited a client company with over 750 employees. The HR staff kept track of vacations on a spreadsheet. Anyone considering taking time off would first call up some poor overworked HR rep and see how many days they had remaining. That rep would have to then manually update the remaining totals. I have to imagine that was pretty much how that staffer spent his or her summer months at work. This same company had a total of about ten spreadsheets keeping...

4 Ways to Onboard Your Employees the Right Way

Written on April 22, 2019. Posted in Human Resources.

By Lisa Calick The onboarding process is your company’s first involved interaction with your new employees. Waiting until they walk in the door on the first day can be too late. An effective onboarding process begins from the moment your candidates accept the job. You’ll want to show them they made the right decision and be able to make the most of the new job from day one. Here are four ways to get their career journey at your company off to the best possible start. Begin early. Plan...

How a Mentorship Might Advance Your Career

Written on April 16, 2019. Posted in Human Resources.

By Kevin Kurtz Updated 7/29/2019 You’ve graduated from college with a degree that should give you a good starting point to a gratifying career. But you don’t actually have that job yet. Do you know which career positions to pursue? Large employer or small? Relocate or stay local? From point of graduation forward, it can be beneficial to have the insight and advice of someone older who’s been where you hope to go. Someone who has navigated the obstacles and blind alleys you’re about...

Recruiting for Millennials

Written on April 10, 2019. Posted in Human Resources.

By Kelsey Silverstein Developing a recruitment strategy that targets millennials is no longer a future concern. It is a present-day prerequisite to obtain top talent. In order to attractively advertise your company to these young professionals, we first need to define them. So, who are Millennials? Millennials are a cohort that range from ages 23-38. In 2017, Pew Research Center found that 56 million Millennials were either working or actively seeking employment, surpassing Gen-Xers....

Update: Fishbowl Vs. Quickbooks

Written on April 2, 2019. Posted in Advisory Services.

By David Singletary Companies using a combination of QuickBooks and Excel are oftentimes looking to find a more robust system alternative, but are not ready for an enterprise-level ERP system. For these types of firms looking for a low-cost option that will not require the replacement of QuickBooks, one application is Fishbowl—a manufacturing and inventory control system that integrates seamlessly with QuickBooks. Fishbowl Manufacturing is designed for small to mid-sized companies...

How our Wiss Team Members Decompress During Busy Season

Written on March 26, 2019. Posted in Wiss Gets Personal.

By Wiss Associate While in the midst of busy season, it’s difficult to see the light at the end of the tunnel. Early mornings, late nights, sacrificing weekends – it’s the life of an accountant: working endlessly January through April (and let’s not forget August through October) to make sure our clients are well taken care of. So, who takes care of the accountants while they’re deep in the trenches? While here at Wiss we do our best to create a fun and inviting atmosphere, encouraging...

Common Accounting Terms Explained

Written on March 20, 2019. Posted in General Business.

By Louann Cassano Feel like your accountant is speaking another language? We won’t make you feel that way. Here are some common accounting terms to help you sound like an accounting pro: The Balance Sheet is the financial statement that includes your assets, liabilities and equity. Assets always equal Liabilities plus Equity. Income Statement (also known as the P&L) is the financial statement that includes your sales and expenses. The expenses are subtracted from sales to arrive...

Here’s Why Your Tax Refund Might Not Be What it Once Was

Written on March 6, 2019. Posted in Tax.

Updated 7/30/2019. This 2018 U.S. federal tax filing season, the good news might actually be the smaller refunds seen by many Americans. However, you might be understandably hard to convince if you, your employees or family members fall into this category. At this point in the tax return season, many are dismayed to find their refunds are smaller than expected. Or non-existent, in the case of those shocked to find that they owe more. Spoiler alert: the culprit is most likely to be...

Author: Wiss