Friday, August 19, 2022

Cost Accounting: What It Is And When To Use It – Forbes Advisor

Knowing how much your business spends is a key component of accounting. After all, if you don’t have this information on hand, it will be difficult to determine whether you’re making a profit. That’s where cost accounting comes in.

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Publisher: Forbes Advisor
Date: 2022-08-18T15:00:22-04:00
Author: Anna Baluch
Twitter: @forbes
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Accounting For Bitcoin Digital Assets - Bitcoin Magazine - Bitcoin News, Articles and Expert ...

This is an opinion editorial by Matt Maraia, a CPA looking to help educate the Bitcoin community on the ever-changing regulations on accounting standards.

Companies were — and still are — encouraged to account for these holdings under ASC 350 at their cost basis, subject to impairment, all the while neglecting subsequent increases in fair value.

Publisher: Bitcoin Magazine - Bitcoin News, Articles and Expert Insights
Date: 2022-08-19T00:00:00Z
Author: Matt Maraia
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Sage Accounting Software Review (2022) – Forbes Advisor

Sage accounting is a software program that allows small business owners to track their income and expenses in multiple currencies, as well as track inventory and manage invoices.

Forbes Advisor’s Sage accounting software review will show you the specific features and benefits you’ll get from choosing Sage accounting.

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Publisher: Forbes Advisor
Date: 2022-08-18T11:00:37-04:00
Author: _____
Twitter: @forbes
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Revolution Beauty to suspend stock trading on accounting concerns | Reuters

A woman poses with a smartphone showing the Boohoo app in front of the Boohoo logo on display in this illustration taken September 30, 2020. REUTERS/Dado Ruvic/Illustration/File Photo

Publisher: Reuters
Date: 2022-08-19T14:02:17Z
Author: Reuters
Twitter: @Reuters
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Bookkeeper360 to improve business accounting through seed funding - FinTech Global

US-based Bookkeeper360 , which claims to be transforming traditional business accounting through technology, has closed its seed round on $3.5m.

Among the backers was National Business Capital. The FinTech company did not reveal the other investors, but stated it was filled by new strategic partners, customers and previous investors. It also received backing from angel investors of Etsy.com.

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Publisher: FinTech Global
Date: 2022-08-19T09:37:14 00:00
Author: jhaxell
Twitter: @Fintech_Global
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Grassi Recognized as Top Accounting Firm - New Jersey Business Magazine

Park Ridge-based Grassi, a leading provider of advisory, tax and accounting services, was recognized as one of the largest U.S. accounting firms in the 2022 IPA Top 500 report, published by Inside Public Accounting (IPA).

Grassi appeared as the nation's 56th largest accounting firm in the annual report, which offers a comprehensive financial performance analysis and rankings of the nation's largest public accounting firms, based on net revenues. The firm rose sharply in the rankings from the 66th spot in 2021.

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Publisher: New Jersey Business Magazine
Date: Est. reading time
Twitter: @NJBmagazine
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Secondary Market Transactions: What Companies Should Know About Accounting for Sales of Shares | ...

Private company shareholders are increasingly turning to secondary market transactions to monetize their shares before the company goes public or is sold.

It's important to consider the level of the employee (seller) involved in the transaction. If the current employee is high in the company, the transaction could be interpreted as taking place on behalf of the entity — almost as if the entity is indirectly involved in the transaction.

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Publisher: Marcum LLP
Date: 2022-08-18T18:25:08 00:00
Twitter: @MarcumLLP
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Promotion doesn't add up to gender equity at leading accounting firms

The analysis of this data, which is accessible because the audit clients are public institutions like nonprofits or universities, provides a window into promotion practices, said Kathleen Harris, an accounting assistant professor with Washington State University's Carson College of Business.

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Orion Township Hiring Accounting Specialist - Oakland County Times

Orion Township, MI – Orion Township is hiring. Under the general direction of the Township Treasurer, the accounting specialist performs a variety of tasks related to the processing, collection, and recording of Township and Lake Orion Village tax revenues.

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Publisher: Oakland County Times
Date: 2022-08-17T05:25:07 00:00
Author: Crystal Proxmire Editor and Publisher
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How Accounting Firms Can Prioritize Client Relations - CPA Practice Advisor

Let's dive into why client relations are so essential to meeting the current moment and how to navigate these changing tides.

The state of accounting has significantly shifted in recent years. In the past, primary communication with clients occurred monthly, quarterly, or even annually. Today, clients expect their accounting firms to be much more involved in day-to-day activities.

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Publisher: CPA Practice Advisor
Date: 2022-08-17T06:19:00 00:00
Author: isaacobannon
Twitter: @cpapracadvisor
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