Accounting Helper Blog

Dear AccountingHelper.org Readers,

Welcome to the Accounting Newsletter (11/16/2009). In this edition we have included news, articles and videos. You can find more resources on our website: AccountingHelper.org.

Accounting News

Kaehr Joins Conseco as Vice President, Internal Audit
CARMEL, Ind., Nov. 16 /PRNewswire-FirstCall/ — Conseco, Inc. (NYSE: CNO) announced that Thomas R. Kaehr is joining the company, effective November 30, as vice president of internal audit. He will rep… (More)

Transfer Pricing Systems ‘Under Stress’
A new KPMG report, ‘Planning for the Recovery â?? Examining Transfer Pricing in the Current Environment and Beyond,’ concludes that many transfer pricing systems are coming under unprecedented stress… (More)

NAO elected to UN Board of Auditors
[ ] Search Site: Press Release - National Audit Office elected to UN Board of Auditors 16 November 2009 - for immediate use Amyas Morse, Comptroller and Auditor General and head of the National Audit … (More)

One-third of CIA budget goes to ISI
Lahore, Nov 16 : Pakistan’s Inter-Services Intelligence (ISI) collected tens of millions of dollars through a classified CIA programme that pays for the capture or killing of wanted militants, since the 9/11 attacks, accounting for as much as one-third of US spy agency’s annual budget, according to a leading US daily. (More)

Asia leading world out of crisis, leaders say at APEC
China, India and other Asian countries are leading the world out of the global economic crisis, business leaders said Friday, as trade and finance ministers pledged to make Asia-Pacific a cheaper, faster and easier region to do business in by 2015. (More)

Wanna find Freed Maxick CPAs on Twitter?
Just look up… at the billboard. Rush-hour tax tips, anyone? Interested? Visit FreedMaxick.com. And on Twitter at http://twitter.com/FreedMaxickCPAs. In a nutshell, Freed Maxick is one of upstate New York’s largest public accounting firms and one of the nation’s 100 largest. They operate as an “alternative practice structure” with RSM McGladrey. Not shy about marketing, this is a digital [...] (More)

Practice Management: Looking Ahead, Preparing Now
Leaders vs. Laggards and the Seven Keys to Successful CPA Firm Management Melissa Hoffman Lajara at The New York State Society of CPAs reports in the latest e-zine on my part in last week’s Practice Management Conference: There are just two types of managers in the world: leaders and laggards, said Rick Telberg, the conference’s luncheon speaker, [...] (More)

Accounting Articles

Accounting and Invoicing Software : The Key to Farm Management
Businesses today are faced with an ever increasing pace of change, whether it is from the external markets that they operate, within their own organisation or from the application of revolutions in… (More)

Decoding the Balance Sheet
The balance sheet is one of the major financial documents that every public company is required to publish. If properly interpreted, it provides a wealth of information about a company’s financial position. Therefore, understanding how to read and interpret the balance sheet effectively is key to investing success. (More)

Top Five Accounting Software Programs
The days of handwritten ledgers are long past. These days, if you want accurate records and payroll, you turn to a viable computer solution to keep your business running smoothly. Managing inventory, accounts and receivable, and bills just can’t be done on a spreadsheet, either. (More)

Outsourced Accounting
Accounting is a set of rules or method which records, complies and reports the financial status of an individual or organization. Basis of accounting is to maximize profit and minimize losses. Thi… (More)

Tax Relief Attorney - Why Do You Need Them
Tax relief attorneys help you to solve all your tax related issues. They especially assist you to get such relief from the state and federal… (More)

This newsletter is provided by AccountingHelper.org.

Dear AccountingHelper.org Readers,

Welcome to the Accounting Newsletter (11/10/2009). In this edition we have included news, articles and videos. You can find more resources on our website: AccountingHelper.org.

Accounting News

SURVEY RESULTS: What’s hot in CPE?
We’ve been asking here. And your answers kind of look like this: Tax and IFRS appear to be at the top of most accountants’ CPE schedules this year. The survey, “What’s on Your CPE Agenda?  How CPAs Are Re-Tooling for Busy Season,” remains open. Join the survey here; get the answers. Meanwhile, here are the verbatims that formed [...] (More)

Japan’s Kan mum on if JAL auditor to approve earnings
TOKYO, Nov 10 (Reuters) - Japanese national strategy minister Naoto Kan declined to comment on Tuesday on whether Japan Airlines Corp’s (9205. T) auditor would refuse to approve the carrier’s earnings… (More)

Configuration Control Proven Solution with Auditors and IT
Download Type: Adobe PDF The objective was to deliver a single PCI compliant solution that serves all clients, improves change control processes, and reduces unplanned work caused by inefficient opera… (More)

Madhu Koda to be questioned by IT officials today
Ranchi, Nov 10 : Former Jharkhand Chief Minister Madhu Koda will be questioned by the Income Tax (IT) officials here today over an alleged Rs 2,000 hawala transaction case. (More)

Scottish News: 10% plan to apply for more credit
One in ten Scots say they are planning to apply for more credit over the next three months despite the ongoing recession, according to research. (More)

Accounting Articles

Accounting Terminology - What is Equity?
For each of us who studies accounting and aims to master accounting theory and practice, understanding of accounting terminology is essential. Such understanding causes easier learning process and grasping of the practical examples. In this articles we are exploring the concept of equity. (More)

Basic Accounting Concepts - What is Current Asset
Exploring basic accounting concepts it is important to get proper understanding of main accounting definitions and terminology, which will help you to learn accounting properly and also master the accounting practice. In this article we will be exploring current asset concept. (More)

Novel Idea and Concept For Small Business Owners
Budgeting is a method of forecasting all revenues and expense by line items. A budget is a detailed and must align revenue with expense; it should be formatted to provide information in a manner that is helpful to management; it may be in a traditional style or it may be flexible. Whatever is used, it must be Zero Based Budget. (More)

QuickBooks and Windows 7
Intuit has announced that it will only support QuickBooks 2010 in the Windows 7 environment - no other version of QuickBooks will be supported. Due to this and the fact that we’ve experienced conside… (More)

A Short History of the Currency Counting Machine
A currency counting machine or money counter is a device which calculates the amount of money that is being fed into it and can count either bundles of no… (More)

This newsletter is provided by AccountingHelper.org.

Dear AccountingHelper.org Readers,

Welcome to the Accounting Newsletter (11/2/2009). In this edition we have included news, articles and videos. You can find more resources on our website: AccountingHelper.org.

Accounting News

Ernst & Young buys Capital City Technologies
Ernst & Young LLP bought Capital City Technologies, a management and technology consulting firm that serves the government. Terms of the transaction, which closed Oct. 30, were undisclosed. All employ… (More)

Leader fires back at auditor general
> Leader of Government Business McKeeva Bush strongly criticised Auditor General Dan Duguay for announcing Friday that his office would conduct an audit of the tendering process for the proposed new c… (More)

3 recent OpenOffice.org extensions
Although I do most of my professional writing in Bluefish, I usually use OpenOffice.org at least once a day. (More)

RSM McGladrey Ranks High on National Financial Survey
According to Financial Advisor Magazine’s fourth annual Registered Investment Advisor Survey, RSM McGladrey was recently honored as one of the fastest growing independent investment advisory firms in the country. (More)

Intuit Cuts CEO’s Compensation by About Half
Intuit Inc. gave CEO Brad Smith compensation valued at $3.6 million, according to an Associated Press calculation of figures disclosed in a regulatory filing made Friday. (More)

CCH: Hi Tech Essential to ‘High Performing’ Firms
CCH rolls out white paper on role of technology. … Which shouldn’t be surprising, considering CCH is in the tax and accounting technology business. But CCH’s research adds some perspective to the importance of progressive thinking in creating  a competitive firm. Here’s the full release: Creating a long-term sustainable business advantage is the key to success for accounting [...] (More)

Accounting Articles

Activity Based Costing - A Competitive Costing Method
Activity Based Costing is a cost method which helps a company establish competitive a advantage. This competitive advantage is obtained by the decisions and actions taken by management after interpreting the data which is created by ABC. The data is used by organizations primarily to achieve accurate price setting, explore outsourcing options, and assess or plan strategic decisions on process improvements. (More)

The Benefits and Basic Information About Activity Based Costing
Activity based costing (abc) has become the new standard for nearly all companies. Sustaining a competitive advantage over both national and international businesses has become increasingly more important, as a result of more competition and to a large degree an increase in the global economy. (More)

How to Use Invoice Factoring to Improve Your Cash Flow
Managing a company’s cash flow is one of the most important functions of a business owner during tough economic times. If done correctly, it will ensure that the business is there to thrive another day. If done incorrectly, it will jeopardize the business. (More)

What’s New in QuickBooks for Accountants 2010
For the second year in a row, Intuit has given accountants a compelling reason to upgrade to QuickBooks for Accountants 2010.  In addition to all the wonderful new features found in Quic… (More)

Future of Accounting Systems
If corporations want to stay successful, they need to find new ways of expanding their market. Lots of big corporations have already globalized, and many more will follow. If these companies are globalizing, it would make sense to have globalized accounting systems. (More)

Danbro Backs House Of Commons Reception
Danbro, the award-winning specialist accountancy firm for contract and freelance workers, has supported another prestigious recruitment industry event by sponsoring a drinks reception hosted by the As… (More)

This newsletter is provided by AccountingHelper.org.

Dear AccountingHelper.org Readers,

Welcome to the Accounting Newsletter (10/27/2009). In this edition we have included news, articles and videos. You can find more resources on our website: AccountingHelper.org.

Accounting News

Senate May Vote to Extend Home Buyers Tax Credit
The Senate could vote on Tuesday to extend a popular tax break for home buyers that has helped lift the housing market out of its worst slump since the Great Depression. Senate Majority Leader Harry R… (More)

Garda To Become First Cash Logistics Provider In Compliance With CICA 5970 Accounting
Montreal, Quebec, Canada–(Marketwire) - Garda World Security Corporation (TSX:GW)(Garda), one of the most trusted cash logistics, physical security and global risk consulting firms in the world, anno… (More)

Speeding SOX Audits with Automated Data Protection Tools
White Papers for Sarbanes-Oxley (SOX) Bocada This white paper focuses on Sarbanes-Oxley Act (SOX) regulations relevant to data protection, and describes both best practices and automated tools used by… (More)

CCH Launches ProSystem fx into the Cloud
Offers cross-app data integration. CCH unveiled a new Software-as-a-Service version of its niche-dominating ProSystem fx tax prep software, integrating it with document, client data, workflow, and engagement management applications. Here’s the media release, with a video: CCH’S NEXT GENERATION PROSYSTEM FX SUITE BRINGS BETTER WAY OF WORKING Easier to Use, Easier to Access with Common Client Data; Single Sign-On; New [...] (More)

Join me at NYSSCPA’s One-Day Practice Management Conference
Wed., Oct. 28, in midtown Manhattan. I’ll be delivering the luncheon speech, “Seven Keys to Success in CPA Firm Management.” But the best reason is to go is probably the first panel of the day: Practice Continuity: A Moderated Panel Session Moderator: Robert S. Fligel, CPA, Managing Member, RF Resources LLC Fact: More than 75% of current CPAs will be [...] (More)

CCH: Accounting Firms Doing Well Through Economic Slump
But Some Challenges May Still Be Ahead via CCH Accounting firms are doing well weathering the effects of the current economic slump, but unfortunately there may still be challenges ahead, even as the economy picks up, according to the findings of an independent nationwide survey of 100 U.S. accounting firms. The survey was conducted by Opinion Research [...] (More)

Accounting Articles

Purchase Order Factoring - A Solution to Finance a Large Purchase
Purchase order factoring can be a very good way for a company to finance a large purchase. The everyday costs that are associated with running a business can be draining enough on a company’s finances. Therefore they may not have the cash on hand to pay for larger purchases. If this prevents them from obtaining a very important piece of equipment or something necessary to run their business, this can be a huge problem. Purchase order financing is one way to solve this problem. (More)

Web Invoicing - Do You Need It?
Do you need web invoicing? That is a question that you need to answer especially if you’re maintaining an online business. EBills are already part of the lives of businesses and even homeowners. Every month, businesses and homeowners receive utility bills. (More)

Accounting Terms - Explore Aging of Accounts Receivable
Considering accounting terms, aging of accounts receivable might seem confusing and unclear from the first glance. However this term is not so sophisticated and this article will explain it in the easy way. (More)

Accounting Basics - The Essence of Accounts Payable
While learning accounting basics you need to understand different accounting concepts. One of them is accounts payable, which is explained in this article and supported by practical examples for better understanding. (More)

Part Time Bookkeeping For Small Businesses
There are a large number of things that make a business successful and all must consistently perform and/or function well in order for a business to thrive. One of the most crucial aspects of a succes… (More)

This newsletter is provided by AccountingHelper.org.

Dear AccountingHelper.org Readers,

Welcome to the Accounting Newsletter (10/21/2009). In this edition we have included news, articles and videos. You can find more resources on our website: AccountingHelper.org.

Accounting News

Auditor-General finds improved preparation of financial statements
PUTRAJAYA: There was an improvement in the preparation of financial statements by the federal and state governments as well as federal statutory bodies last year, according to a statement by the Natio… (More)

Scene is set for wave of M&A in European financial services, says PwC
The first half of 2009 saw extremely low levels of European financial services M&A activity, but an increase in deal activity is on the cards as we move into 2010, according to Nick Page, partner at P… (More)

Pixily’s Document Management Service Now Available in the Intuit App Center
The Intuit App Center provides QuickBooks Pro and Premier 2010 users with access to scalable, Software-as-a-Service business applications that makes it easy for small and mid-sized businesses to find the right application to solve their business problems. (More)

Madoff Investors Sue KPMG and Major Banks
Some investors defrauded by epic swindler Bernard Madoff on Tuesday added accounting firm KPMG , JPMorgan Chase and Bank of New York Mellon to a civil lawsuit in a New York court, lawyer Joseph Cotchett said. (More)

Venture capital investing increases in Dallas, Texas, U.S.
It looks like investments in young companies are beginning to flow again, but venture capitalists remain cautious. (More)

AAM issues “call for speakers” for 2010 conference
The Association for Accounting Marketing, which will will be celebrating 21 years of service at the 2010 Annual Summit: Building Strong Foundations for Firm Success, is inviting CPAs and CPA firm marketing directors and advisers to submit applications to speak at the annual connference. “By presenting at the Summit,” AAM says, “you’ll have the opportunity to [...] (More)

Accounting Articles

Accounting CRM Software - Why You Must Prefer Open Source
Implementing Accounting CRM Software in the company is a challenging task. You need to consider many factors including price, feasibility and cost involved in hiring and training the staff for new software. You also need be very smart while selecting the type of CRM. (More)

Discover How Factoring Invoices Can Improve Your Net Profit
Is your business ready to think outside the bank? Discover alternatives ways to raise working capital, improve cash flow and grow your business out of the recession. (More)

The Purpose of Accounting
Accounting is a way of recording, analyzing, and summarizing transactions of a business. The transactions are recorded in “books of prime entry”. The transactions are than analyzed and posted to the ledger. Finally the transactions are summarized in the financial statements (More)

Forensic Accounting: So Much More than the Numbers
Forensic accountants are one part CPA and two parts Sherlock Holmes with a splash of Perry Mason. Many wonder why a forensic accounting firm needs to be retained. While most forensic accountants are C… (More)

Take the Headache Out of Accounting and Book Keeping With the Right Software
Accounting and book keeping are an important part of any business. When it comes to keeping track of finances, there are many people who use less than average personal finance tools or manual book … (More)

This newsletter is provided by AccountingHelper.org.

Dear AccountingHelper.org Readers,

Welcome to the Accounting Newsletter (10/14/2009). In this edition we have included news, articles and videos. You can find more resources on our website: AccountingHelper.org.

Accounting News

One Week to go as ALIA Announces Official Auditor
With just a week to go until the 2009 Australian Liquor Industry Awards (ALIA), it has been announced today that for the first time in the eventâ??s history all results have been scruitinised by an o… (More)

RCom another Satyam in making Independent Auditor alleges massive fudging of revenues
In a serious setback to Reliance Communications (RCom), the independent auditing agency appointed by the DoT, today alleged that the ADAG owned company indulged in massive over reporting and manipulat… (More)

Auditor Testifies against Deyaar’s Former Officials
(Khaleej Times - McClatchy-Tribune Information Services via COMTEX) — An expert, who audited Deyaar accounts and books, on Tuesday testified in court that three former top officials of the government… (More)

Insurance industry gets blowback after report attacks health-care bills
In the health care reform debate, where playing nice has been the rule, a scathing insurance industry report looked to critics Monday like a grenade aimed at scuttling progress in Congress. (More)

Accounting Loses 6,000 Jobs in August
Industry headcount stands at 928,300. Today’s U.S. employment report, which showed another month of a so-called “jobless recovery,” also signaled deeper problems for the accounting and bookkeeping sector. The Bureau of Labor Statistics reported a seasonally-adjusted decline in staffing by 6,000 positions, to 928,300 in August. Coupled with downwardly revised figures since May, it represents the fourth [...] (More)

Accounting Articles

Accounting Service - The Importance of Accounting Service For Businesses
In the tough times today, it is getting more competitive in the world of business. Recession and stiff competition pushes companies to perform at their optimal level in order to succeed. Recession has caused many consumers to tighten their wallets and companies need to do a great job in order to get people to buy their product or service. (More)

Why You Need an Accounting Program If You Are Starting Your Business
When you first start your business, there are many things for you to worry about, such as sales, marketing, operation, etc. Sometimes, it is very frustrating and exhausting to handle your payroll and accounting by yourself. With a good accounting program, you can spend more time on your business. (More)

Finance Accounting - Tips on How to Do It
Dealing with finances can be extremely tedious and nerve racking since you have to be as accurate as possible. It can be extremely difficult especially if working with numbers is not your favorite pastime. You have to be cautious and ensure that the smallest details have to be double checked. (More)

Important Things to Note before Buying an Accounting Program
Today, there are many different types of accounting software program in the market. You can find an accounting program easily these days, either by purchasing online or through an accounting software … (More)

This newsletter is provided by AccountingHelper.org.

Dear AccountingHelper.org Readers,

Welcome to the Accounting Newsletter (10/8/2009). In this edition we have included news, articles and videos. You can find more resources on our website: AccountingHelper.org.

Accounting News

KPMG survey claims expanding Irish R&D Tax Credits can trigger employment gains or maybe not
KPMG survey claims expanding Irish R&D Tax Credits can trigger employment gains or maybe not By Finfacts Team Oct 8, 2009 - 7:13:23 AM > (More)

FASB, IASB News Roundup Sept. 24, 2009-Oct. 7, 2009
Welcome to Financial Executives International, the preeminent association for CFOs and other senior finance executives. FEI provides networking, advocacy and timely updates and CPE on financial manage… (More)

Costco auditor accused of felony theft, forgery
King County prosecutors filed felony theft and forgery charges last week against a former Costco Wholesale auditor, accusing him of more than $60,000 in travel expense fraud. Anthony Toliver allegedly… (More)

AAM issues “call for speakers” for 2010 conference
The Association for Accounting Marketing, which will will be celebrating 21 years of service at the 2010 Annual Summit: Building Strong Foundations for Firm Success, is inviting CPAs and CPA firm marketing directors and advisers to submit applications to speak at the annual connference. “By presenting at the Summit,” AAM says, “you’ll have the opportunity to [...] (More)

Accounting Loses 6,000 Jobs in August
Industry headcount stands at 928,300. Today’s U.S. employment report, which showed another month of a so-called “jobless recovery,” also signaled deeper problems for the accounting and bookkeeping sector. The Bureau of Labor Statistics reported a seasonally-adjusted decline in staffing by 6,000 positions, to 928,300 in August. Coupled with downwardly revised figures since May, it represents the fourth [...] (More)

Accounting Articles

Business Banking - Finding a Bank and a Bank Account
Running a business is rarely a walk in the park. A great deal of dedication and a can do attitude are both essential should the company prove to be successful. (More)

Four Steps to Finding the Right Accounting Software
Another tax season is nearly upon us and most businesses are hard at work gathering their financial information for this annual governmental ritual. The hassle of reviewing bank statements or pulling checks and receipts is just that - a big hassle. You, as a business owner or manager, have bigger fish to fry and compliance may not seem that important, but the fear of governmental reprisal is a motivator. If the arduous process of gathering the financial information is just beginning in your organization, so begin the annual promises of being more organized next year. This yearly exercise in stress management is a signal that it’s time to obtain an accounting solution which actually meets the needs of the business. Like anything else in business, finding the answer to a problem is fairly simple as long as a process is followed. The information contained in the article assists you with these steps and help keep the promises being made for next year. (More)

How to Use Source Documents in Accounting
What are source documents? Source documents are the documents which provide accounting information. (More)

Payroll Services Is Mostly Outsourced in UK for Accuracy and Timeliness
This is a fact that many companies hesitate to increase their work force only due to the fear of managing complex payroll systems of increased workforce. Irrespective of the size of the business, e… (More)

Chartered Accountants India
For most individuals, a Chartered Accountant in India is something that they feel they only want once a year when they are managing their taxations, if then - but the truth of the matter is that an In… (More)

This newsletter is provided by AccountingHelper.org.

Dear AccountingHelper.org Readers,

Welcome to the Accounting Newsletter (10/2/2009). In this edition we have included news, articles and videos. You can find more resources on our website: AccountingHelper.org.

Accounting News

Virginia CPA firm provides $50,000 to establish scholarship
Murray, Jonson, White & Associates . The $50,000 named scholarship from Murray, Jonson, White & Associates will be established in conjunction with the firm’s 50th anniversary in 2009. The Mu… (More)

SEC mulls further measures against naked short sales amid criticism from lawmakers
The SEC once again tackled naked short selling issues as a panel of experts at its “roundtable” on short selling looked at a possible requirement to pre-borrow shares before selling them s… (More)

IRS issues guidance on 2009 required minimum distribution waiver
The Internal Revenue Service has issued guidance for retirement plan administrators, plan participants and retirees regarding recent legislation affecting required minimum distributions. The Worker, R… (More)

QuickBooks 2010 For Mac Makes It Easier To Save Time, Make Money And Get Paid
QuickBooks 2010 for Mac gives small business owners powerful new tools to help them be more productive and profitable with the simplicity they expect from a Mac product. (More)

Staffs shrink by 7% at NY’s top 25 CPA firms
The number of New York-area professionals at the region’s top 25 accounting firms fell by 1,929 people, or 7%, versus year-earlier levels. The latest Crain’s list of the 25 largest accounting firms in the New York metropolitan area shows the firms together employing more than 23,000 professionals as of June 30. Overall, only nine accounting firms saw [...] (More)

Accounting Articles

3 Reasons Why Accountants And CPA’s Ought To Outsource Their Late-Paying Receivables To A Debt Collection Agency
CPA’s and accounting organizations offer very key and valuable services to all size organizations. Small business owners, as well as major companies and corporations, depend on their skill and experti… (More)

Invoicing and Cash Flow
If you “fell into” a certain method of invoicing when you first started your company, you may be surprised to learn that making a deliberate, pragmatic change today could affect your whole business model and cash flow for the better. But to use invoicing to your advantage, you’ll first have to examine how your cash is currently “flowing”. Here’s a quick primer. (More)

Invoice Processing Software - Major Business Benefits
According to IBM, Gartner and Aberdeen Group, between 75-80% of invoices in any business or organisation, are still processed manually - despite the advent of Electronic Data Interchange (EDI). These days, sophisticated invoice processing solutions are available to cut a swathe through the time and costs involved in handling supplier payments and to enhance business workflow. (More)

Finance Report- Tips On How To Write One
Your finance report is basically your history of how you borrow money. There are credit agencies that gather, maintain, update and share this information. The information on your report can make the d… (More)

This newsletter is provided by AccountingHelper.org.

Dear AccountingHelper.org Readers,

Welcome to the Accounting Newsletter (9/26/2009). In this edition we have included news, articles and videos. You can find more resources on our website: AccountingHelper.org.

Accounting News

Revenge of the Accounting Authorities
The FASB’s latest idea, however, if seen to completion, would go along way toward silencing accusations that the rulemakers have gone soft on banks. Under consideration: an unprecedented proposal to v… (More)

E&Y settles over audit dispute
Borrelli Walsh, the liquidators of electronics firm Akai, had been pursuing legal action against the financial services company, claiming that it had not carried out its audit duties in the way it sho… (More)

SEC audit cites issues with meeting FOIA requests
The Securities and Exchange Commssion’s problems handling requests under the Freedom of Information Act make its compliance with the federal public access law the weakest among all federal agencies, a… (More)

Inquiry slams bins shambles - Council officials may face action…
SENIOR council officials face disciplinary action as a damning report is revealed today into the way Calderdale’s A 50 million bin contract was handled. (More)

15 new client service opportunities for tax season 2010 [VIDEO]
If you’re not already scheduling meetings with tax clients for year-end planning, you may be falling behind. The government’s massive response to the financial meltdown and business downturn is producing a volcano of changes in year-end tax planning and potentially new challenges when filing season starts in 2010. We caught up with CCH tax guru Mark Luscombe [...] (More)

Party bag firm in administration
Novelty party bag-maker Mr Lucky Bags has gone into administration. The company, which employs 68 people at its base in Stoke-on-Trent, has blamed the economic downturn. (More)

Accounting Articles

How to Follow Principles in Accounting
Hello friend. I hope you are doing well and enjoying this voyage in the world of accounting. In whatever profession you engage in, there must be a set of rules or principles that are required to be followed in order to bring about order in the way of doing things. Accounting is no exception. Therefore as an accountant, you should know these principles and how to keep them. (More)

How to Prepare a General Ledger - Part 2
In this article we will continue to analyse the practical example how to prepare a general ledger, where we continue with posting from the general journal to general ledger and summarizing the accounts. Explore further for better understanding. (More)

What are Bank Reconciliations - Explore Here
So you have been wondering what are bank reconciliations? Let us explore here this concept. At the end of each month the accountant in the accounting records calculates closing balance of cash in the cash book, which indicates how much cash the entity possesses in the bank account at the end of month. Also the bank where the company has its account and keeps cash provides a statement indicating the balance at the end of month. (More)

QuickBooks Tip: How to Handle a Bounced Check (NSF) in QuickBooks Without Affecting your Sales Reports
Nobody loves QuickBooks as much as we do, but sometimes the instructions found in QuickBooks Help aren’t really the best way to handle a tricky transaction.  (More)

3 Most Common Mistakes When Hiring a Part-Time CFO
The role of part-time CFO is more common than ever, and it appears the CFO services industry is poised for a lot more growth. Why? Most start-up, emerging, and medium-sized companies have a need t… (More)

This newsletter is provided by AccountingHelper.org.

Dear AccountingHelper.org Readers,

Welcome to the Accounting Newsletter (9/21/2009). In this edition we have included news, articles and videos. You can find more resources on our website: AccountingHelper.org.

Accounting News

Scottish accountants angered by HMRC
Scottish accountants are in heated discussions with HMRC following changes to rules that mean the Revenue will not distinguish between professional and unregulated tax advisers.ICAS has come across … (More)

finance Top auditors move to Land Bank posts
Ernst & Young director Delanie Lamprecht had been seconded to the Land Bank to head its projects implementation office, the bank said on Friday. Deloitte senior manager Kabelo Makeke was also seconded… (More)

What’s the best way to LOSE a client?
We’ve been asking, and you’ve been answering… Mark Miller Principal, Miller & Associates 1. Making a signficant error on the tax return 2. Failing to return phone calls/emails on a timely basis You may want to attend a CPA breakfast/lunch meeting that is close to where you live/work for other ideas http://www.wscpa.org/content/home.aspx Joel Ungar Exceptional CPA helping SEC companies, franchisors, franchisees [...] (More)

Look to Invest in Intuit
Our 5 years discounted cash-flow analysis and comparables lead to a target price in the range of $35 - $40 for the WACC between 11% and 13.5%. This price takes into account the long-term forecast of the company. (More)

NY judge dismisses Parmalat lawsuits against Bank of America and an auditing firm
A judge Friday dismissed lawsuits seeking to hold Bank of America Corp. and auditing firm Grant Thornton International responsible in Italian dairy giant Parmalat’s 2003 collapse, a decision Parmalat said it will appeal. (More)

Top 10 Marketing Tactics for CPA Firms
What’s working for accounting firms today? Join the survey. Get the results. by Rick Telberg/At Large The economic downturn seems to be driving accounting firms to turn increasingly to new technologies for their marketing and business development efforts. To be sure, tried-and-true business-getting tactics such as networking, referrals and community service remain mainstays of practice development in the [...] (More)

Accounting Articles

Importance of a Sales Ledger
Hello, we will cover the importance of having a sales ledger in this article, so that you arm yourself with the necessary knowledge that an entrepreneur needs to know. This is a type of ledger which records the sales made on credit to the customers. This is very important because as the business expands, it will require that some goods be sold on credit terms. (More)

Accounting Basics For Small Businesses
The recent banking scandals of various major investments banks of the last year and the various failure of companies such as Enron show that accounting can seem to be less a science than a very creative art. The small business owner however doesn’t typically have the luxury of such complicated accounting systems nor wants them and typically needs to simply understand the basics of the accounting world. (More)

10 Things to Consider When Choosing Accounting Software
Choose a reputable company with experience. Today, you can find many companies offering accounting software. Before you purchase the software, you should choose a reputable company with experience and proven track record. You will not want to have any trouble after buying the software, so it is important to choose a stable company to work with. (More)

CPA License- Accounting Careers for All
A CPA license is granted to anyone who passes the Uniform CPA exam that is monitored and managed by the American Institute of Certified Public Accountants, or AICPA. They also meet the state requireme… (More)

CPA Course- Get Accounting Training Today
There are many different career paths that people can take in life. It used to be that people either went to college, learned a trade, or began working in entry level positions and worked their way up… (More)

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