Determining whether to file taxes on a cash basis or accrual basis can hugely impact what you’re reporting to the IRS every year. Learn the difference between these two accounting models to determine the one you should use.

You started a company. You’ve been working hard – REALLY hard – and the hard work is starting to pay off. Maybe you’ve made your first (or first few) hires, or have rented an office space. Things are starting to feel pretty legit. In fact, it might feel like you’ve begun to outgrow some of the infrastructure you set up at the beginning to get your company off the ground. Although provisional, get-it-done bookkeeping often works when you’re starting out, the quicker you scale, the quicker you’ll outgrow those systems.

If you’ve seen our post about working with out-of-house accountants, you’ll know that establishing trust with our clients as quickly as possible is pivotal to forming a healthy and long-lasting relationship with them. But as we well know, this is easier said than done.

Companies with an accounting department that merely maintains a clean set of books are missing a critical opportunity. With a strategic accounting and finance partner that understands every aspect of the company, they can fulfill their business goals while unlocking their full growth potential.

If your production company has outsourced accounting services in the past, your high hopes for a positive experience may have fallen short— consider these benefits of finding out-of-house accounting support that really works for you.

There are a lot of accounting firms out there. You know you aren’t completely satisfied with your company’s current accounting team, but you also don’t want to go through the trouble of switching to new accountants. It doesn’t have to be hard—here’s why.

Many production companies think that if they're making money, they have cash. Conversely, they might think that if they have cash, they're making money. Sadly, this assumption may be wrong: the difference between cashflow and profit is critical.

Creative people often start their own businesses so they can freely express their full creativity, without thinking about their back-office infrastructure or accounting needs. This brief guide can help you continue to prioritize your creative skills—while better understanding your accountant.