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Suburban law firm cleans up its act to improve profitability

David, the sole practitioner of a legal firm, found that his revenue had stagnated and he was consistently facing cash flow problems. David was jolted into action by a frank conversation with his accountant. The accountant asked him how many hours he worked in his...

Plan your business budget … and stay in control

Are you a BIG spender struggling to keep up with the demands of #BudgetPlanning? Hire an Accountant! What better place to start than the blog of KMT Partners! A reliable accountant can be a valuable asset to restrain your big spending problems. Professional advice from someone who...

Is Accrual Accounting Actually Accurate?

Accrual accounting seeks to temporally match expenses to revenues. That is, it corrects for time differences between when the cash from revenues is actually received by a business and when expenses are paid out by that business. For example, in selling a product, firms frequently pay out...