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Accounting News

The idiot guide to multi book accounting
By Phil Wainewright | May 16, 2012, 7:32pm PDT Summary: Is SuccessFactors operating multi book accounting across its parallel NetSuite and ByDesign instances? Or is it just pantomime? One of NetSuite's many new product features announced in his ...

Leaders from large accounting firms bullish but monitoring regulation ...
Leaders from large accounting firms bullish but monitoring regulation ...

Northern Illinois University Honors Sikich Partner
NAPERVILLE, IL, May 16, 2012 (MARKETWIRE via COMTEX) -- Richard A. Thompson, CPA, partner at Sikich LLP, a leading accounting, advisory, technology and managed services firm, was recently honored with an Outstanding Accountancy Alumni Award from ...

WeiserMazars Partner, Stuart Nussbaum, Receives Bob Berenson Leadership Award ...
WeiserMazars Partner, Stuart Nussbaum, Receives Bob Berenson Leadership Award ...

Ten Ways You Should be Using Quickbooks
By BusinessNewsDaily Staff Entrepreneurs use the accounting program QuickBooks accounting software more than any other. They use it whether they're starting a new business or streamlining an existing one. Yet many of them barely scratch the surface of ...

Wave Accounting Secures USD $12 Million in Series B Funding
TORONTO, May 16, 2012 /PRNewswire via COMTEX/ -- Wave Accounting Inc. (Wave), an innovator of award-winning small business software, today announced it has closed a USD $12 million Series B funding round led by The Social+Capital Partnership ...

CCR SA: Results for the 1st Quarter of 2012
The Quarterly Financial Statements (ITR) have been drawn up and are presented in accordance with accounting practices adopted in Brazil for the Parent Company, and comply with International Financial Reporting Standards ("IFRS"), issued by the ...

Why Bankruptcy Should Matter in Lease Accounting
For years, some rather basic bankruptcy concepts have not applied to lease accounting. That may soon change if the Financial Accounting Standards Board and the International Accounting Standards Board finally come together on a new approach that ...

SEC Recommends Changes in Accounting for Derivatives
By Michael Cohn, Accounting Today The Securities and Exchange Commission has passed along a request to the Financial Accounting Standards Board that it consider making changes in how to account for derivatives contracts designated as hedging ...

First Solar: Accounting Red Flags Could Sink Stock
Having just been awarded a "Very Aggressive" Accounting Risk rating by GMI Ratings, First Solar's risk profile has been populating red flags since at least 2008. However, with government assistance in the form of legislation and funding, it is the only ...

Armanino McKenna Named a Top 10 Value Added Reseller and Consulting 'Jewel'
SAN RAMON, Calif., May 15, 2012 /PRNewswire via COMTEX/ -- Armanino Consulting, the business consulting division of Armanino McKenna ( http://www.amllp.com/services/consulting ), is gaining recognition from major business and accounting trade press ...

Facebook's Anti-Groupon Accounting
There's no accounting trickery going on in that $557 million figure. Payment networks provide easy opportunities for abuse, especially when they are configured like Facebook's. On Facebook, users purchase credits that can later be redeemed for virtual ...

Accounting & Tax Guide

accountingUnderstanding Balance sheet

A balance sheet is a quick picture of the financial condition of a business at a specific period in time. The activities of a business fall into two separate groups that are reported by an accountant. They are profit-making activities, which includes sales and expenses. This can also be referred to as operating activities. There are also financing and investing activities that include securing money from debt and equity sources of capital, returning capital to these sources, making distributions from profit to the owners, making investments in assets and eventually disposing of the assets. (Read More)

accountingBusiness Accounting and The Importance of Keeping Good Books

There has probably been no great accountant turned entrepreneur then Capitalist then Rockefeller who used his accounting skills to take over the entire Oil Industry back in the day. He kept immaculate books and started out as a promising young accountant. When he noticed competitors he would often ask them to join him and show him his books and costs. Why they were simply blown away and they knew they could not compete with his low costs and so they either merged or sold out to the young Rockefeller. (Read More)

accountingBookkeeping Tips

Bookkeeping is the process of maintaining books of accounts involving daily transactions. Bookkeeping indicates the exact position of business finances. Bookkeeping can be done manually or through a computerized system. Manual bookkeeping is doable for beginners and small business firms, but as the business develops, a computerized system of maintaining accounts will be beneficial. (Read More)

accountingSample Company File in QuickBooks - Valuable Tool for Self-Study

Have you ever wondered what would happen in your QuickBooks file if you performed certain operations, but were too afraid to try? Did you know that you can experiment with your ideas, and not make a mess in your QuickBooks file? (Read More)

accountingFour Symptoms Your Small Business Accounting System Doesn't Work

Every year about this time, I see too many accounting systems that don’t work… QuickBooks and PeachTree and Microsoft Small Business Accounting programs that don’t do what their small business users want or need. Sometimes, people know their accounting systems don’t work. And they don’t care. But, sadly, sometimes, the struggling small business person doesn’t even know his or her system isn’t working until it’s too late. Until the business fails because the owners don’t realize they aren’t making money. (Read More)


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