Friday, May 29, 2020

Small Businesses Can Bypass Complicated GAAP Rules For Crypto Accounting

WASHINGTON, DC - APRIL 27: The Internal Revenue Service headquarters building appeared to be mostly ... [+] empty April 27, 2020 in the Federal Triangle section of Washington, DC. The IRS called about 10,000 volunteer employees back to work Monday at 10 of its mission critical locations to work on taxpayer correspondence, handling tax documents, taking telephone calls and other actions related to the tax filing season. (Photo by Chip Somodevilla/Getty Images)

The tax basis method of accounting is simple to implement, closely follows IRS guidelines, and offers more flexibility to small businesses.

Publisher: Forbes
Date: 2020-05-29
Author: Shehan Chandrasekera
Twitter: @forbes
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Quite a lot has been going on:

Minneapolis' United Properties hires VP of accounting - REJournals

Al Petrie has joined Minneapolis-based United Properties as vice president of accounting effective May 11. In this role, Petrie will report to Eric Skalland, chief financial and administrative officer.

Petrie is a Pohlad Companies veteran since 1999. He brings more than 20 years of experience in accounting and a strong history of financial leadership and strategic planning to this role. He began as an accounting supervisor at NorthMarq (formerly United Properties) and was promoted to corporate controller in 2004.

Publisher: REJournals
Date: 2020-05-29T11:00:50 00:00
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5 Best Accounting and Invoicing Software Compared

Accounting is inextricable to all businesses. Whether one employs a dedicated accounting tool or spreadsheets to manage it is subjective—but if you're leaning toward the latter, your accounting function will be ineffective.

We'll leave it to you to decide if the ineffectiveness stems from the hours of manual efforts you're having to invest or the erroneous calculations that are forcing you to relook at all the numbers.

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Publisher: Software Advice
Date: 2020-05-29T20:34:25 00:00
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Accounting/Human Resource | | santamariatimes.com

The Santa Maria Times is looking for a full time energetic, professional team member to handle all of the companies Accounting and HR functions.

The ideal candidate must have knowledge of HR, General Ledger, Accounts Payable, Payroll, Accounts Receivable, and Collections.

* * *

As doctors pushed Melissa Meza's wheelchair down the hallway of Marian Regional Medical Center on Thursday, she was met with the cheers of ove…

Publisher: Santa Maria Times
Date: 2020-05-29T01:41:00-0700
Twitter: @SantaMariaTimes
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Not to change the topic here:

How companies are becoming creative with accounting during the COVID-19 pandemic -

The COVID-19 outbreak has brought out some creative accounting at companies, as executives attempt to gauge the impact of the pandemic on their businesses and how they would have performed if the crisis hadn't all but shut the economy down.

Before companies began reporting first-quarter earnings, Twitter users joked that the outbreak would prompt new non-standard metrics that could be summarized as "earnings before COVID-19," or EBITDAC, and they even created a series of coffee mugs that satirized the concept. Indeed, some companies chose to post earnings metrics that removed the pandemic's impact.

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Publisher: MarketWatch
Date: 2020-05-28T14:39:00-04:00
Author: Emily Bary
Twitter: @marketwatch
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J. Lee Nicholson: The Father of Cost Accounting — TrentonDaily

Born in Trenton, New Jersey in 1862, Nicholson spent most of his youth growing up in Pittsburgh, Pennsylvania, where he attended common school and business college. While staring his journey at Keystone Bridge Company, Nicholson studied accountancy and was able to obtain his Certified Public Accountant (CPA) license from the State of New York.

Quickly working his way up from office worker to an assistant position with the company's engineering department, Nicholson discovered his ultimate passion for working with numbers.

Publisher: TrentonDaily
Date: 2020-05-29T11:29:16 00:00
Author: Referred to by many as a pioneer in the field of cost accounting Jerome Lee Nicholson an American accountant industrial consultant author and educator at
Twitter: @TrentonDaily609
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ON Semiconductor brings back former chief accounting officer | Article | Compliance Week

Semiconductor manufacturing company ON Semiconductor announced the appointment of Bernard Colpitts Jr. as chief accounting officer of ON Semiconductor Corp. and its wholly owned subsidiary Semiconductor Components Industries (SCILLC). Colpitts will also serve as vice president, finance of SCILLC.

Colpitts returns to ON Semiconductor after departing in late 2019 to serve as senior vice president and chief accounting officer at video game retailer GameStop. He was progressively promoted over the course of seven years at ON Semiconductor, previously holding the position of chief accounting officer from 2017-19.

Publisher: Compliance Week
Date: 2020-05-30 05:15:03.675
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Pathways to Growth: Press 'Shift' and prepare to pivot | Accounting Today

In the accounting space, I know of no firm that has done a better job of managing changing conditions than Grassi & Co., which opened its doors on Long Island in the 1980s. As the story goes, its only assets were an empty file cabinet, a desk and a savvy businessman named Lou Grassi. Many years later, the firm is in the Top 70 in the U.S. In a wide-ranging conversation with Lou, we spoke a great deal about strategic pivoting, one of the most prized skills in today's environment.

Publisher: Accounting Today
Date: 2020-05-29T13:07:27.397
Author: https www accountingtoday com author gale crosley at16
Twitter: @AccountingToday
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