ProcStat

Dive into our detailed guide on how sales tax, excise duties, and local levies impact alcohol pricing in restaurants. Perfect for restaurant owners and curious diners, this article breaks down complex tax layers, state-by-state differences, and practical insights to help you understand why your drink costs what it does and how businesses stay compliant. 

Smart accounting plays a crucial role in helping restaurants price their plates accurately and profitably. By tracking real food costs, labor expenses, overheads, and waste, businesses can understand the true cost of every dish they serve. This blog explains how data-driven accounting insights enable better menu pricing decisions, protect margins, and support long-term restaurant profitability without guesswork. 

Discover how outsourced accounting converts complex financial information into clear, actionable insights through accurate reporting, real-time financial visibility, and expert strategic guidance. Learn how businesses use these insights to make smarter, data-driven decisions, improve cash flow management, control costs, reduce financial risks, enhance operational efficiency, support compliance, and plan confidently for sustainable long-term growth. 

WIP Reports play a critical role in helping construction companies stay financially on track throughout a project’s lifecycle. Acting as a financial GPS, they provide real-time visibility into project costs, earned revenue, over-billing, under-billing, and overall profitability. Without accurate WIP reporting, contractors risk cash flow issues, revenue leakage, and inaccurate financial statements. This blog explains how WIP Reports work, why they are essential for construction accounting, and how they help project managers and finance teams make informed decisions. Whether you’re handling multiple projects or scaling your operations, understanding WIP Reports can significantly improve financial control and long-term profitability. 

Explore how today’s CFOs approach business expenses with a strategic mindset rather than simple cost-cutting. This article breaks down how finance leaders use structured expense policies, real-time visibility, and intent-based budgeting to control spending, improve cash flow, reduce inefficiencies, and support sustainable business growth across teams.

The One Big Beautiful Bill Act (OBBBA) has sparked confusion around whether Social Security benefits are now tax-free. This blog breaks down the reality behind the headlines, explaining how Social Security taxation actually works under the new law. Learn about the senior deduction, eligibility criteria, income thresholds, and who truly benefits from these changes. If you’re a retiree or planning retirement, this guide helps you understand what’s taxable, what’s not, and how OBBBA may impact your overall tax liability.

Free cash flow is one of the most powerful yet often misunderstood financial metrics for evaluating a business. While profits can be influenced by accounting methods and one-time adjustments, free cash flow shows the actual cash a company generates after covering operating expenses and capital investments. This makes it a critical indicator of a business’s real financial strength, liquidity, and long-term sustainability. By analyzing free cash flow, investors, lenders, and business owners can better understand whether a company can fund growth, pay down debt, distribute dividends, or withstand economic downturns. Consistent positive free cash flow often signals efficient operations and strong management, whereas weak or negative free cash flow may highlight underlying issues even when reported profits appear healthy. This article explains what free cash flow truly reveals a business, why it matters more than profit alone, and how it helps stakeholders make smarter financial and strategic decisions with greater confidence.

Claim denials are more than billing errors - they are a hidden threat to clinic revenue. When insurance claims are denied due to coding issues, missing documentation, or eligibility errors, many practices overlook the accounting impact. Unresolved denials inflate accounts to receivable, disrupt cash flow, and reduce overall profitability, especially when claims are never resubmitted. Treating claim denials as a financial issue rather than an administrative task helps clinics identify revenue leakage, improve denial management, and gain better financial visibility. Proactive tracking and analysis can turn lost revenue into recovered cash flow. 

Filing taxes is stressful enough — but choosing the wrong IRS form can quickly turn a simple mistake into penalties, delays, and unwanted IRS attention. This blog breaks down what actually happens behind the scenes when the IRS detects an incorrect form, why refunds get delayed, how penalties stack up, and which errors increase your audit risk. You’ll also learn the fastest, most effective ways to fix the issue, from amending your return to correcting information-return mistakes before they escalate. 

Whether you’re a business owner, freelancer, or individual taxpayer, this guide helps you avoid unnecessary fines, reduce processing delays, and stay in the IRS’s good books. 

This comprehensive white paper reveals how outsourced accounting delivers measurable ROI for businesses in 2025 by reducing overhead costs, eliminating talent shortages, improving financial accuracy, and offering scalable support that adapts as a company grows. It explains why modern organizations are shifting from in-house teams to expert outsourced partners to gain real-time insights, streamline compliance, and strengthen their financial decision-making. A valuable resource for founders, CFOs, and business owners aiming for efficiency, profitability, and long-term financial stability. 

Managing cash flow is one of the biggest challenges for small businesses, especially in today’s unpredictable market. This blog breaks down nine practical, easy-to-apply strategies that help business owners improve cash flow consistency and reduce financial stress. From speeding up invoice collections and negotiating better supplier terms to optimizing expenses, managing inventory smartly, and exploring flexible financing options -each tip is designed to make your business more stable and growth-ready. Whether you’re just starting out or looking to streamline your financial operations, these proven methods can help you maintain a healthier, more predictable cash flow throughout the year.

Choosing the right accounting software can be a game-changer. In this comparison of QuickBooks, Xero, and Wave, learn how each platform meets different business needs-from solo entrepreneurs and freelancers to growing startups and established U.S. companies. Discover why Wave is a great free option for freelancers or early-stage startups with simple cash-flow tracking. See how Xero shines when you need collaboration, unlimited users, and flexible integrations for growing or global operations. And find out why QuickBooks remains the go-to solution for businesses with complex workflows, payroll, inventory, or a larger team. Read this blog to match your business stage and style to the accounting tool that fits you best - and avoid wasting time or money on features you don’t need. 

Many businesses know what they pay for raw materials and labor. What they often miss: the hidden overhead - electricity, setup time, maintenance, admin work - that quietly eats away at profit. In this post, my team walks you through Activity‑Based Costing (ABC), a method that ties expenses directly to the activities that consume resources. We explain how ABC works, show why traditional costing often masks real costs, and demonstrate how ABC helps you: see which products or processes are truly profitable, price services more wisely, and spot inefficiencies fast. If you manage manufacturing or complex operations, ABC can offer clarity, better decisions, and stronger bottom-line results

Cloud accounting is transforming the way businesses handle their finances, offering real-time access, improved accuracy, and unmatched flexibility. In this blog, you’ll discover why shifting to cloud-based systems is no longer optional — it’s essential. From instant financial insights to automation that saves hours each week, cloud accounting helps business owners stay ahead, make faster decisions, and reduce operational headaches. 

The article also explains how cloud platforms support secure collaboration, remote access, and scalable growth — making them ideal for multi-location businesses and teams that need consistent, up-to-date financial data. With stronger data security, automated backups, and cost-efficient subscriptions, cloud accounting is the smarter, future-ready choice for modern businesses. 

Ready to see how cloud accounting can transform your financial operations? 

Cloud accounting is transforming the way businesses handle their finances, offering real-time access, improved accuracy, and unmatched flexibility. In this blog, you’ll discover why shifting to cloud-based systems is no longer optional — it’s essential. From instant financial insights to automation that saves hours each week, cloud accounting helps business owners stay ahead, make faster decisions, and reduce operational headaches. 

The article also explains how cloud platforms support secure collaboration, remote access, and scalable growth — making them ideal for multi-location businesses and teams that need consistent, up-to-date financial data. With stronger data security, automated backups, and cost-efficient subscriptions, cloud accounting is the smarter, future-ready choice for modern businesses. 

Ready to see how cloud accounting can transform your financial operations? 

If you’ve recently upgraded or renovated your commercial property, there’s a powerful tax advantage you might be missing - Qualified Improvement Property (QIP). Under the current tax laws, QIP allows businesses to accelerate depreciation on certain interior improvements like lighting, HVAC systems, ceilings, and flooring. Instead of depreciating these costs over 39 years, you can write them off over just 15 years — and in many cases, even qualify for 100% bonus depreciation in the same year. 

In this insightful blog from ProcStat, we explain how QIP works, what qualifies, and how to apply it strategically. You’ll also learn how proper classification can significantly enhance your cash flow and reduce tax liabilities. Many property owners miss out simply because improvements are misclassified or unreported — costing them thousands in unrealized savings. 

Whether you manage multiple commercial locations or handle property renovations, this guide helps you turn renovation expenses into financial advantages through smarter accounting.