DELAWARE, Ohio – The Woltemade Center for Economics, Business and Entrepreneurship at Ohio Wesleyan University has selected eight students as 2020-2021 Accounting Fellows. Being selected as fellows gives the students access to enhanced internship, research, and other opportunities.
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“This competitive program provides academic and professional opportunities for students to develop their accounting and critical-thinking skills beyond the classroom and beyond just numbers,” said Justin P. Breidenbach, MAcc, CPA, CFE, associate professor of accounting. “Students participating in this program gain firsthand experience into how they can develop themselves into leaders and communicate financial information effectively to provide value to others.”
Quite a lot has been going on:
Has coronavirus changed bookkeeping forever? | Accounting Today
The global health and economic crisis triggered by coronavirus is a heavy burden for businesses. Even those for whom remote working is possible had to solve the problem of accessing the data they need in order to stay operational.
Traditional bookkeeping software is typically installed on a dedicated computer drive, only accessible by a licensed user through a desktop application on their machine.
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Fortunately, fintech has evolved to a point that cloud accounting software resolves many of these accessibility issues. Bookkeeping software has, in most instances, been moved to the cloud, and what a relief that is in unprecedented times like these.
5 ideas to help grow your virtual practice | Accounting Today
The metrics you will select to set your company's growth will depend on your preferences. There are no fixed rules and you can grow your practice in many ways. This aspect of running a business is an opportunity to be a creative entrepreneur. Here are five pieces of advice that will put you on the right track to maximizing your practice's growth.
Westminster accounting firm sues major banks over allegedly withholding PPP fees
WESTMINSTER — A Westminster accounting firm is suing some of the largest banks in the country and Colorado, including JP Morgan Chase & Co. (NYSE: JPM), Bank of America Corp. (NYSE: BAC), Wells Fargo & Co. (NYSE: WFC) and Vectra Bank Colorado, claiming the lenders are withholding fees to consulting firms that aided small businesses in applying for the Paycheck Protection Program.
Impacct claims that banks it is suing either pocketed all of the fees it was supposed to give to agents such as the accounting firm and others that aided companies in applying for PPP dollars, or offered half of what the bill says is owed to them.
Other things to check out:
Accounting firm CEO shares advice on Paycheck Protection Program | wfaa.com
Note to workers:
If your employer gets money through the program, here is how that affects your unemployment benefits through the Texas Workforce Commission : If you return to work full time you no longer qualify for unemployment. If you go back to work with reduced hours you could still qualify for benefits.
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"Technically there are 56 days in 8 weeks and there's 61 days in two months. You're going to have five days that miss a rent payment in there. You may miss an entire payroll," he said.
Grocery prices surged 2.6 percent in April, accounting for 'largest monthly increase since
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The U.S Bureau of Labor Statistics recently confirmed that grocery prices across the nation increased by 2.6 percent in April, accounting for the largest one-month increase in this particular index since Feb. 1974.
The bureau’s Consumer Price Index Summary , released Tuesday, said the price increases were “broad-based” across all six major grocery groupings in the “food at home” index, with each jumping “at least 1.5 percent” over March.
Oversight Board Chief Slams Congress Accounting Intervention
Congress's unprecedented meddling in accounting rules imperils quality and independent financial reporting, Financial Accounting Foundation Chair Kathleen Casey said.
"We were very disappointed by this action and continue to work to protect and defend the integrity of GAAP and the standard-setting process," Casey said Wednesday, referring to U.S. generally accepted accounting principles, which are written by the Financial Accounting Standards Board. She made the remarks during a FAF trustees meeting.
Covid-19 Impact on Finance & Accounting Software Market | Global Opportunities 2020 –
New Study On "2019-2025 Finance & Accounting Software Market Global Key Player, Demand, Growth, Opportunities and Analysis Forecast" Added to Wise Guy Reports Database
Accounting software describes a type of application software that records and processes accounting transactions within functional modules such as accounts payable, accounts receivable, journal, general ledger, payroll, and trial balance. It functions as an accounting information system. It may be developed in-house by the organization using it, may be purchased from a third party, or may be a combination of a third-party application software package with local modifications.
Happening on Twitter
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