Fine Tune Your Budgeting and Planning Processes for the New Year

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Unlike accountants who are in charge of recordkeeping, financial analysts are charged with examining, analyzing and evaluating the entirety of a corporation’s financial activities and mapping out the company’s financial future. These professionals are under constant pressure to provide more strategic value and insights for their organizations. Read this NetSuite blog post to learn how […]

Changes to Form W-4 Coming in 2020

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The Form W-4, the Employee’s Withholding Allowance Certificate, determines the amount of Federal Income Taxes to be withheld from an employee’s paycheck. The IRS encourages everyone to use the Tax Withholding Estimator to perform a quick paycheck checkup to protect against having too little tax withheld and facing an unexpected tax bill. After being delayed a […]

CFOs Are Still Buried in Spreadsheets

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In NetSuite Brainyard’s recent white paper, “State of the CFO Role,” 186 CFOs respondents said they spend an average of 2.25 hours in spreadsheets every day. That’s more time in spreadsheets than any other software in their toolkits. In some ways, that’s never going to change. CFOs  love the ability to export and manipulate data […]

ASU 2018-15 Simplifies Accounting for Cloud Computing Expenses

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As cloud computing became more popular, businesses took different approaches to how they accounted for it on their financial statements. But, as the percentage of businesses using cloud products increased, the FASB and other standard setters realized that the “diversity” in practice was growing too large, and began to issue regulations to clarify the process […]

Has Your Business Outgrown Its Accounting Software?

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The following content is excerpted from a NetSuite blog post, Five Tell-Tale Signs Your Business Has Outgrown Its Accounting Software If you rely on a basic accounting package to run your business, now might be the time to consider other options, such as moving the processes that are key to your business operations to an […]

Applying For-Profit Accounting Principles at Non-Profit Organizations

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At the SuiteWorld19 conference, Chris Whitfield, CFO of MANA Nutrition, talked about how he uses his background in for-profit companies at his newest position in the not-for-profit industry. He stressed that the organizations have more in common than one might assume, and those similarities offer finance professionals in nonprofits an opportunity to apply more for-profit […]

Using NetSuite to Help Navigate the New Lease Accounting Regs

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The new lease accounting standards will be most challenging for dual reporting companies that will need to maintain different processes, controls and accounting systems for each framework to comply with the different lessee reporting requirements.  Read this NetSuite blog post to learn how NetSuite can help make this happen. Contact the GYF ERP Solutions Group to learn more […]