News & Resources

Making Sense of Your Statement of Cash Flows

  The statement of cash flows essentially tells you about cash entering and leaving a business. It’s arguably the most misunderstood and underappreciated part of a company’s annual report. After all, a business that reports positive net income on its

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How to Compute Your Company’s Breakeven Point

  Breakeven analysis can be useful when investing in new equipment, launching a new product or analyzing the effects of a cost reduction plan. During the COVID-19 pandemic, however, many struggling companies are using it to evaluate how much longer

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Reporting Restricted Cash

  Your company’s financial statements should be transparent about any restrictions on cash. Are your reporting practices in compliance with the current accounting guidance? The Basics Restricted cash is a separate category of “cash and cash equivalents” that isn’t available

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Reporting Discontinued Operations Today

Marketplace changes during the COVID-19 crisis have caused many companies to make major strategic shifts in their operations — and some changes are expected to be permanent. In certain cases, these pivot strategies may need to be reported under the

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Drive Success with Dashboard Reports

Timely, relevant financial data is critical to managing a business in today’s unprecedented conditions. Similar to the control panel in a vehicle or machine, dashboard reports provide a real-time snapshot of how your business is performing. Why You Need a

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Family-Owned Logistics Company Plans Major Indiana Expansion

Family-Owned Logistics Company Plans Major Indiana Expansion Per the Indiana Economic Development Corporation (IEDC) – On July 21, 2020, Governor Eric Holcomb and Indianapolis Mayor Joe Hogsett joined executives from Palmer Trucks, a third generation, family-owned truck sales, parts and service

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Indiana Next Level Jobs

The State of Indiana is making a concentrated effort to provide funds to employers and potential employees to educate and upskill Hoosiers. Two million Hoosiers need additional training to compete in the workforce which projects there being over 1 million

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Record Year for Indiana Jobs

  The year 2019 was a great time to be a growing Hoosier company. This week, the Indiana Economic Development Corporation (IEDC) announced Indiana jobs hit record numbers. Governor Holcomb announced in 2019, 296 companies received tax credits and training

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Reasons Why Cash Is King

In financial reporting, investors and business owners tend to focus on four key metrics: 1) revenue, 2) net income, 3) total assets and 4) net worth. But, when it comes to gauging short-term financial performance and creditworthiness, the trump card

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