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 […]

Use NetSuite Tools to Achieve More Efficient Planning & Budgeting

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Finance teams have a lot on their to do lists at year end and, frequently, their most difficult challenge is annual planning and budgeting. At many companies, this process takes too long and devours resources. Finance teams spend more time on administrative tasks relating to these processes – collecting, consolidating and reconciling data – and […]

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 […]

Are You Fully Prepared for the New Lease Accounting Regulations?

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According to a recent survey, many companies are behind in their preparations for ASC 842/IFRS 16. Read this NetSuite blog post to learn more. Find out how you compare with your peers by taking this survey. Contact the GYF ERP Solutions Group to learn how NetSuite ERP solutions can help your business with this transition […]

NetSuite Podcast Reviews How Private Companies Should Prepare for ASC 842

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The new FASB lease accounting standard ASC 842 is already in effect for public companies with a calendar year-end. Private companies with a calendar year-end must comply with the new standard beginning January 1, 2020. Read the NetSuite blog post for more details about Episode 21, which discusses the important facts to know about the standard and how […]

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 […]