Insero & Co. CPAs was recently named as one of the 2016 Best Accounting Firms to Work for by Accounting Today for the fifth consecutive year. Accounting Today has partnered with Best Companies Group to identify companies that have excelled in creating quality workplaces for employees. Insero is the only firm in New York state… Read More

Accounting, tax preparation, bookkeeping and payroll services – crammed together in one category – comprised the most profitable industry in the United States for the 12 months ending June 30, according to a new report by financial information provider Sageworks. Accounting firms’ net profit margin of 18.13% led real-estate rental companies and legal services, both… Read More

The accounting cycle is a step-by-step process of recording, classification and summarization of economic transactions of a business. It generates useful financial information in the form of financial statements, including income statement, balance sheet, cash flow statement and statement of changes in equity. The time period principle requires that a business should prepare its financial… Read More