Insights

Think fast – accounting rules are finally keeping pace with the fast development of technology. In September 2025, the Financial Accounting Standards Board (FASB) released ASU 2025-06, a sweeping update to ASC 350-40 on Internal-Use Software. For nearly three decades, ASC 350-40 has guided how businesses account for the costs of software they build for their own use. The core question it answered was simple but consequential: should software costs be treated as an investment or written off as an expense?

The U.S. is once again at the cusp of sweeping tax reform. The One Big Beautiful Bill Act of 2025 (OBBBA) is here, and it promises deep rate cuts, streamlined rules, and fewer regulatory hurdles. Where others see this as just a headline, we at Unified Global's view this change as a set of real-life implications that clients must navigate carefully. Let’s comb through the critical provisions and what they could mean for different stakeholders.

We're huge advocates of building healthy, human relationships with clients. They're our bread and butter after all. But when payments come too early or too late -- which, by the way, 93% of organizations experience – you can only point to their patterns for so long. You have to check your own yard too. The next time you're caught up on invoices, ask yourself: “is client behavior to blame, or are my systems just struggling to speed up?”

In the world of business, there are only a few things more frustrating than delayed payments. No one wants the challenge of having to chase money that you’re entitled to – it’s like finishing a marathon, only to find out that the race host had run off with your medal. In fact, one-third of merchants claim that payment delays put their business at risk of closure.

Congrats! All your financial records are finally caught up. Once your books are back in order, the next challenge is making sure they stay that way. Good bookkeeping is a process of perfection. The key is building a routine that keeps errors small, if not non-existent, and prevents major messes from forming in your financial anatomy. Unified Global's gold standard for bookkeeping consists of several complex tasks that keep our clients’ records in top shape. For the benefit of small businesses, we’ve managed to narrow them down to three knowledge tidbits.

Ever looked at your bank balance and wondered why it didn’t match what your books say? Such moments should have been resolved through account reconciliation. It’s the process of comparing your actual transactions against what’s recorded — and it’s one of the most critical steps in getting your bookkeeping back on track. This essential process helps uncover errors that need correcting and identifies missing transactions that must be added.

Receipts in drawers, raw screenshots on your phone, random email threads – does this sound like your small business’ accounting system right now? If you think, as a self-owned or single-handed business, that no one will notice, then you have a bigger problem on your hands.

Every owner will tell you that running a business is no small feat. You have to juggle sales, stuff, and basically survival, so it’s no surprise that bookkeeping sometimes falls through the cracks. But when mismatched numbers, missing invoices, or tax-time panic start piling up, it’s time to pause and figure out just how messy things have gotten.

Let’s face it: nobody raises capital with a pristine balance sheet. And if they do, they’re probably not the ones pitching investors; they’re the ones making the investments. The rest of us? We’re founders growing businesses, solving real problems, and trying to juggle customer demands, payroll, and investor decks on a timeline that always feels too tight.