The other day a client of mine was asked if they had any capital leases and how they had accounted for it on the balance sheet, with supporting schedules.  This is a classic auditor question and led to a conversation around:
what is the difference between a capital lease and an operating lease?
Well, the Government of [...]

Here at Business Ready we feel strongly about your feedback - both good and bad.  We recently received the following feedback from a reader on the Approval Matrix template: “it provides no valuable insight on what to include, it is very basic and high level.“  Which got me thinking:
what makes a good approval matrix and [...]

I was trolling through our site analytics today and I was surprised that almost 15% of the hits to the site were from the key word search: “chart of account template.”  What’s going on?
why is the chart of accounts so important?
Well, the chart of accounts is a listing of all the accounts that your accounting [...]

As strange as it may seem, many readers of financial statements don’t actually understand how to read financial statements. After all, accountants tend to use language that doesn’t make sense to non-accountants. They also have a tendency to create complexity around the simplest of concepts. Most people generally zero in on a few key numbers [...]