As different forms of crypto tokenization enter the marketplace and intersect with real-world physical assets, getting the accounting and reporting correct will only become more important.
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There has been no shortage of conversation and analysis around the various trends and developments as it connects to how the crypto economy and existing fiat economy can become better integrated. Decentralized finance (DeFi), non-fungible tokens (NFTs), and the overall trend to try and embed digital assets into a blockchain are trends that continue virtually unabated.
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Preparers divided over postponing filing deadline for COVID | Accounting Today
Debate continues over delaying Tax Day because of the pandemic, and tax preparers are voicing equally different opinions.
"The IRS commissioner has already rejected an extension of the tax-filing deadline for reasons that most observers agree with, myself included," said Chris Smith, CPA, managing partner of the East Hanover, N.J., office of Top 100 Firm Friedman.
"An extension would have only created more scheduling and workload complications for those of us preparing returns on behalf of clients, and increased demand for work during a sensitive time of year," Smith added.
Better client management strategies for accounting firms | Accounting Today
We frequently observe that accounting firm owners care a lot for their clients. Still, many individuals who change firms believe they didn't receive the appropriate care from their previous accountant. There is a clear disconnect regarding the accounting professional's intent.
This is a phenomenon that we directly experience with some new clients. They typically tell us that their last firm wasn't proactive enough and didn't provide the value they expected. Yet from interactions with hundreds of accounting professionals, we have seen firsthand that they generally care very much for the people they work with.
AICPA seeks minority college students for 2021 Leadership Workshop | Accounting Today
The American Institute of CPAs announced it is accepting student applications for its 2021 Accounting Scholars Leadership Workshop, to be held Oct. 13-15, 2021, in New Orleans.
The annual workshop invites minority college accounting students pursuing CPA licensure to bolster their skills and network with fellow students and CPAs. Sessions range from business etiquette, interviewing skills, and CPA Exam preparation.
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AI bookkeeping startup Zeni launches with $13.5M in funding | Accounting Today
Zeni, a bookkeeping and accounting finance startup that leverages artificial intelligence, officially debuted Tuesday, backed by Saama Capital and Sierra Ventures, with participation from Silicon Valley Bank and others.
The company, based in Palo Alto, California, raised $13.5 million in Series A funding from the venture capital firms, plus Amit Singhal, Liquid 2 Ventures, Firebolt Ventures, Dragon Capital, and Twin Ventures, along with angel investors. It began beta testing in late 2019 and has already signed up more than 100 customers, mostly other startups. The system provides bookkeeping, accounting and CFO services.
Decades of academic service add up for Behrend accounting professor | Penn State University
ERIE, Pa. — Ashutosh Deshmukh didn't plan to be a college professor, but his path has led him to the profession's highest rank at Penn State: He has been named distinguished professor of accounting and management information systems.
The designation of distinguished professor recognizes outstanding academic contributions to the University and service to students. Deshmukh joins two other Penn State Behrend faculty members in holding the title: Michael Campbell, distinguished professor of biology, and George Looney, distinguished professor of English and creative writing. Retired faculty member John Gamble, distinguished professor of political science and international law (emeritus), continues to hold the title as well.
Intuit adds e-signature capabilities with DocuSign | Accounting Today
In a remote world, e-signature capabilities have become a must — not just for saving time, but for getting documents signed at all. The integration of e-signature functionality has the potential to streamline sales, for example, but automating the estimation process. DocuSign also helps accountants stay on top of document progress via notifications.
Some other recent integrations Intuit has released for QuickBooks products serve to address pain points for mid-market customers, creating an all-in-one accounting and business hub. Bill Pay for QBO, a connector with Bill.com, allows users to pay bills directly inside QuickBooks; HubSpot for QuickBooks integrates customer relationship management with the accounting platform; and the LeanLaw two-way integration provides legal timekeeping and billing inside QuickBooks.
Fastest Ways to Reduce Your Accounting Department Expenses - Business 2 Community
Generally speaking, the Accounting Department is in charge of computing and reporting your company's financial status.
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Maintaining accounting records is a labor-intensive process. Setting up your Accounting Department requires hiring the right and most competent people for the job, as well as all the best equipment and technology.
Sometimes, some company is eager to spend a LOT—and I mean thousands of millions— for their accounting department thinking that more expenses mean better performance.
Happening on Twitter
BREAKING: JP Morgan is launching a "J. P Morgan Cryptocurrency Exposure Basket" that will track 11 stocks which are… https://t.co/6pnMAijMGK APompliano (from Global) Tue Mar 09 21:18:43 +0000 2021
Energy consumption needs to be addressed to help ensure a sustainable future for our planet and the global economy.… https://t.co/5YYEvv2CL6 Ripple Tue Mar 09 22:15:04 +0000 2021
A dogecoin-focused DEX has launched to enable peer-to-peer exchanges of the resurgent cryptocurrency. $DOGE Via… https://t.co/g6alj41OGP CoinDesk (from New York, USA) Wed Mar 10 13:27:41 +0000 2021
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