Supporting Strategies | Phoenix

11/12/2026

When customers pay you in advance, it may feel like revenue, but accounting rules say otherwise. Until you deliver the product or service, that money is recorded as a future obligation, often called deferred revenue. If it’s recorded incorrectly, your financials can give the wrong picture and cause trouble in an audit. Supporting Strategies helps you track and release revenue properly so your reports stay accurate and trustworthy.

11/10/2026

Getting a true picture of your profits means matching costs to the sales they create. Record expenses in the same period as the revenue they support, and your margins will finally tell the real story. Supporting Strategies makes sure it’s done right.

11/05/2026

Cash tracks money when it moves in or out of your bank account. Accrual records income when it’s earned and expenses when they happen, even if the cash hasn’t moved yet. For many businesses, accrual is required and it provides the clearest view of performance. Supporting Strategies helps business owners choose the right method and transition smoothly if needed.

11/03/2026

New rules under ASU 2023-09 (an Accounting Standards Update) change how businesses must report income taxes. Under ASC 740 (Accounting Standards Codification for Income Taxes), companies now need to show taxes by federal, state, and international level. If one state makes up 5% or more of your total income tax expense, it must be broken out separately. This added visibility builds trust with investors and lenders. Supporting Strategies helps you prepare so audits and due diligence run smoothly.

10/29/2026

Predicting unpaid invoices doesn’t have to be complicated. A new accounting rule, ASU 2025-05 (Accounting Standards Update), makes life easier by updating ASC 326 (Accounting Standards Codification). In plain terms, it lets businesses use a simple “historical loss rate”, basically looking at what percentage of invoices went unpaid in the past, to estimate future bad debt. Before, you might have needed to build complex forecasting models. Now you can save time, reduce stress, and keep your financials realistic. Supporting Strategies helps you put this update into practice smoothly.

10/27/2026

The Consistency Principle under GAAP (Generally Accepted Accounting Principles, the standard rules for accounting) says businesses should use the same methods from year to year. If you change your approach, you must explain why and only do it if it makes your reporting more accurate. Supporting Strategies helps keep your reports consistent and comparable over time, giving stakeholders confidence in your numbers.

10/22/2026

Accounting assumes your business will keep running. But if there are serious concerns, such as cash flow problems or heavy debt, you have to let stakeholders know. Supporting Strategies helps you pressure test your finances and build strong continuity plans, turning potential warning signs into proactive strategies for long-term stability.

10/20/2026

Most business owners don’t read the footnotes. Lenders do. New GAAP rules mean what’s in the fine print matters more than ever. Make sure it tells the right story.

New FASB rules (ASU 2023-09 & 2024-01) complicate GAAP footnotes starting in 2026. Get your private business ready now for major income tax and...

10/15/2026

We’ve all seen what happens when autocorrect gets creative. Now imagine that happening with your company's financials. That’s why we don’t just rely on software. Our US-based accountants bring the oversight, context, and judgment that algorithms can’t. Technology speeds things up. Our experienced people make sure it’s right.

10/13/2026

AI is powerful, but it still makes mistakes. A cheesy portrait with an extra finger? Creepy. A payroll or cash flow forecast gone wrong? Downright terrifying.

Supporting Strategies gives you the best of both worlds: technology for efficiency, artisanal human expertise for accuracy, and proven processes that tie it all together.

09/17/2026

September is a useful business checkpoint. Not because everything needs to change, but because there's still enough of the year left to change what matters. Look at the numbers. Revisit the plan. Identify what's drifting. Then decide what deserves your attention heading into Q4.

09/15/2026

Year-end isn't just about closing the books. It's an opportunity to strengthen the financial foundation that supports your mission.

Before the calendar turns, nonprofit leaders should be able to answer three important questions:

• Do we understand our current financial position?
• Are restricted funds being tracked accurately?
• Are we prepared to make confident decisions in the year ahead?

A little preparation now can create a lot more confidence later.

Read more:

Review three nonprofit financial checkpoints to improve bookkeeping, grant tracking, in-kind donation records, audit preparation, and year-end readiness.

09/10/2026

September 15 is an important federal tax deadline for many businesses and taxpayers. For partnerships, S corporations and certain other pass-through entities, it is generally the deadline to file an extension return or submit any remaining tax balance for the prior tax year.

Keeping your books accurate and current throughout the year gives you a clearer picture of the business and helps make conversations with your CPA more productive when tax deadlines do arrive.

The goal isn’t just to be ready for a deadline. It’s to know where the business stands before one is staring you in the face.

09/07/2026

Happy Labor Day!

09/03/2026

A few small tweaks can make a big difference in Google Sheets. Using slicers makes filtering large datasets faster and easier, while drop-down menus help keep information consistent and organized. The result? Less manual work, fewer errors, and spreadsheets that are much easier to use.

09/01/2026

Trust isn’t built overnight. It’s built by consistently showing up, solving problems, and helping business owners feel more confident in their numbers.

08/27/2026

Payroll may look simple from the outside. But for growing businesses, the real work often sits below the surface.
From state registrations and tax notices to PTO liability, onboarding, deadline tracking, and multi-state requirements, payroll administration can become more complex than many owners expect.

Is your business paying attention to everything beneath the surface?

08/25/2026

As your business grows, so do your financial needs.

What helped you get started isn't always what will help you scale. At different stages of growth, your business may need someone to keep the books organized, strengthen financial processes, or provide strategic guidance.

Knowing the difference isn't just about titles. It's about making sure you have the right support at the right time.

Read the blog to learn which financial role is the best fit for your business today and what you may need tomorrow.

Most growing business owners do not wake up thinking about finance titles. They wake up thinking about problems. The books are behind. Cash feels tight. Payroll is coming. Reports are confusing. The business is growing, but profit is not. A lender is asking for financials. The team wants to hire. Th...

08/20/2026

Automation isn’t replacing accountants. It’s elevating them.

The days of paper checks and four-hour bank reconciliations are behind us. What remains is the work that truly matters: interpretation, insight, and strategy.

Technology handles the repetitive. Professionals handle the thinking.

08/17/2026

Every day, nonprofits show up for their communities.

They feed families.
Support students.
Protect the environment.
Advance research.
Create opportunities.
Change lives.

Today, we simply want to say thank you.

To all of our nonprofit clients and every nonprofit making a difference in communities across the country, Happy National Nonprofit Day. Your work inspires us, and we're grateful to be a small part of your mission.

Thank you for all that you do.