Blogs

at Illumeo

Illumeo Customer Success
(Blogs at Illumeo)

The Secret Life of Accountants

The Secret Life of Accountants Accountants are sometimes viewed as dull, and uninteresting characters. Books do not balance themselves, and businesses cannot thrive until our accountants assist us in identifying trends, developing budgets, and adhering to those budgets.

Illumeo Customer Success
(Blogs at Illumeo)

3 Essential Skills Every Accountant Needs in a COVID-19 World

3 Essential Skills Every Accountant Needs in a COVID-19 World As an Accountant, you’re no stranger to dealing with challenges and setbacks, such as the tax laws changing or your Excel suddenly crashing while you're trying to update a formula.

Illumeo Customer Success
(Blogs at Illumeo)

How to Become an Account Payable Specialist

How to Become an Account Payable Specialist Accounts payable specialis collaborate with other accounting or finance experts to generate bookkeeping and financial transaction records for accountants and auditors to utilise throughout tax season.

Illumeo Customer Success
(Blogs at Illumeo)

What is The Purpose of Having Control Accounts?

What is The Purpose of Having Control Accounts? A control account is a general ledger account designed for the purpose of documenting and summarizing bulk transactions of the same kind.

Illumeo Customer Success
(Blogs at Illumeo)

NFP Success during Extended COVID-19

NFP Success during Extended COVID-19 As the COVID-19 pandemic continues to wreak havoc for most businesses and organizations, it is imperative that not-for-profit entities (NFP) keep watch over certain areas of their organizations.

Illumeo Customer Success
(Blogs at Illumeo)

What are The Strategies to Use for Transparent Organizational Finances?

What are The Strategies to Use for Transparent Organizational Finances? For a number of fear-based reasons, businesses are typically reluctant to share financial information with their employees.

Illumeo Customer Success
(Blogs at Illumeo)

Tax Law Updates 2021

Tax Law Updates 2021 There are sure to be some surprises in Tax Year 2021, although certain adjustments are already in the works. In this blog, we will highlight some of the IRS's 2021 tax phase-outs, modifications, and inflation adjustments.

Illumeo Customer Success
(Blogs at Illumeo)

What Are 5 Steps To Prevent Expense Fraud

What Are 5 Steps To Prevent Expense Fraud Expense fraud, according to the ACFE, is when an employee claims compensation for false or exaggerated expenditures.

Illumeo Customer Success
(Blogs at Illumeo)

Single Audit Challenges

Single Audit Challenges The large number of federally-funded programs created as part of the financial stimulus to offset COVID-19 pandemic losses have changed the single audit requirements immensely. 

Illumeo Customer Success
(Blogs at Illumeo)

What are the Benefits of Offshore Accounting?

What are the Benefits of Offshore Accounting? Outsourcing is one of the most effective business choices for streamlining processes and expanding a company's reach.