Accounting Helper Blog

Dear AccountingHelper.org Readers,

Welcome to the Accounting Newsletter (6/29/2009). In this edition we have included news, articles and videos. You can find more resources on our website: AccountingHelper.org.

Accounting News

Forensic Loan Auditing - Loan Auditing Software
Forensic loan software is quickly becoming the next wave competitor ready to change. Forensic Loan Auditing is an audit of existing clients loan documents, in the process of verification that you are … (More)

Credit unions enjoying robust deposit growth
Associated Credit Union to rack up $100 million in total assets. In just the first five months of this year, however, the Norcross-based credit union grew total assets by $100 million. That sprint e… (More)

Earnings Preview: H&R Block Inc.
Financial services company H&R Block Inc. is scheduled to report earnings for its fiscal fourth quarter Monday afternoon. (More)

Survey Results: CPAs Are Not Quite Ready for FASB’s GAAP Codification
Early results are suggesting that most organizations remain unprepared for the biggest chgange in GAAP in 50 years. After years in the making, the Financial Accounting Standards Board (FASB) on Wednesday, July 1, will launch the new GAAP (Generally Accepted Accounting Principles) codification. That said, today’s results from working CPAs and finance managers are all the more [...] (More)

CPAs Tell Clients: Put Your Money in Cash, Gold, Bonds
The AICPA is reporting that a significant number of CPA financial planners - 40 percent - are strongly recommending that their clients hold larger cash positions. Thirty percent are recommending commodities such as gold and precious metals. Eighty percent of CPA financial advisors surveyed are strongly recommending their clients move toward a mix of growth and [...] (More)

Accounting Videos

Accounting: Credit/Debit… Double Entry??

Visit studybeat.com for more educational videos! Learn about what double entry accounting means… plus the five major T-account types as well as how debit and credit affects each.

Accounting Articles

What Are CPAs Waiting For?
Business owners and leaders are looking for new ideas on how to sustain their businesses in the midst of uncharted and uncertain times. They have found many of their traditional methods and approaches are deficient from the standpoint of sustaining past levels of growth and profitability. These leaders now understand that business innovation needs to live side-by-side with their past methods, processes, products and services. (More)

Real Estate Accounting - Solution for All Your Accounting Problems
Real estate accounting is better done when it’s outsourced and in this time of cut throat competition, it is a must. Real estate accounting is a hard job. When a firm is small and does not have a lot of business to afford a CPA, then the entrepreneur has to manage all the accounting work. This becomes a tough task. Accounting entries are not simple and each entry needs to be recorded twice. (More)

Corporations Must Trim the Excess - How to Settle Accounts to Better the Balance Sheet
Corporations are adapting to accounts being turned over to collections agencies, negative trade debts and delinquent accounts payable due to non payment of accounts receivables on their books. Controllers and CFOs need find a way to refine corporate debt with available cash flow through commercial debt reduction and accounts payables settlements. (More)

Researching Annuities Online
If you are planning your retirement and interested in obtaining an online annuity, you will … (More)

This newsletter is provided by AccountingHelper.org.

Dear AccountingHelper.org Readers,

Welcome to the Accounting Newsletter (6/22/2009). In this edition we have included news, articles and videos. You can find more resources on our website: AccountingHelper.org.

Accounting News

Environmental Protection Minister Calls on Accountant General to Promote Hybrid
Minister of Environmental Protection Gilad Erdan: ‘The State should serve as an example and encourage the purchase of hybrid cars in government ministries. It is unreasonable to incentivize the public… (More)

Niche service bonanza for special auditors
(SINGAPORE) As companies run into financial trouble, special auditors see their fortunes soar. In the current climate, forensic accountants are earning a bonanza from their niche area of expertise, fo… (More)

Aronson CPAs: Top 10 Federal Small Contractors - Not So Small After All
The CPAs at Aronson & Co. crunched the numbers. The ten biggest “small business” federal contractors look more like big businesses. “We did a quick roundup of who might be the top small businesses in the federal government as of June 2009. What is most surprising, if it is at all, is that none of the companies [...] (More)

Accounting Articles

Customer Won’t Pay Invoice - Debt Collection
As a rule, the majority of your customers will remit payment for services in a timely manner. Most people are honest and have a desire to pay their bills. Unfortunately, if you are in business long enough, statistically speaking, you will come across the occasional customer that refuses to pay and is a cost of doing business. (More)

Accounting Outsourcing Services - A Way to Invest in Core Activities
Accounting outsourcing services permits you to focus your zeal on the critical activities of the business. However, to avail maximum benefits from the services it is important to make your selection in a wise manner. (More)

Balance Sheet Debits and Credits Simply Explained
So, what is a Balance Sheet and how do we make sense of these debits and credits? Relax. It is very simple once you learn a few simple rules. First, what is a Balance Sheet? It is most easily understood if you think of a picture taken with a camera. It is a moment of time frozen in which you see what all the balances were. (More)

Are Accountants Being Threatened in Their Own Profession ?
Accountants have been indoctrinated into a culture and stick there for years as they fear changes. Accountants are in fear to step out of their comfort zone. This professional accounting service is being threatened by a variety of factors: new technology, intense competition, consolidation, an inability to incorporate new services into a business strategy, and the erosion of public trust, just to name a few. At the same time, most experts agree that the morale in the accounting industry is at an all-time low. (More)

This newsletter is provided by AccountingHelper.org.

Dear AccountingHelper.org Readers,

Welcome to the Accounting Newsletter (6/14/2009). In this edition we have included news, articles and videos. You can find more resources on our website: AccountingHelper.org.

Accounting News

Auditor-General sets some demanding standards
No-one is forcing them to, but those who respond to a request by the Auditor-General (AG) for a tender for external audit services can be forgiven if they feel like Shakespeares Shylock: the tender de… (More)

Auditor scolds city for sole-sourcing contracts
EDT C Toronto officials need to take a hard look at the practice of awarding contracts to companies without competition, says the city’s independent auditor, in a report released yesterday. Jeff Griff… (More)

Six Flags, a Gates investment, seeks Chapter 11
Cascade Investments LLC as a large investor, has initiated Chapter 11 bankruptcy proceedings, Six Flags announced today. Six Flags’ (OTCBB: SIXF) board of directors on June 12 voted to begin re… (More)

[VIDEO] Rappin’ CPAs: The Tax Men - Tax Dat A$$
Love that ten-key bling! (NSFW) It’s what happens when West Coast rap gets locked up in the cubicle jungle. Credits: myspace.com/taxdat — Tax Men is a multi-faceted hip hop inspired group from San Diego, California. Focused on combining the professional intelligence of finance with the ingenuity and creativity of hip hop, the Tax Men are an acquired [...] (More)

Accounting Articles

Payroll Solutions for Your Small Business and the Advantages To Your Employees
All companies need to compensate all their employees. Simple fact of doing business. And doing payroll is not a glorious task, and it definitely does not add directly to the company’s profit. More)

Finding & Hiring the Perfect Accountant Or Auditor
Finding the perfect candidate to join your accounting or audit team can be a frustrating and time-consuming task. As with any group of professionals, not all candidates are created equal. Subtle nuances in experience, personality, character, etc., can mean the difference between a successful hire that adds value and complements your team and an unsuccessful hire that ruins your department’s morale and reputation. Whether you use external recruiting services or rely on internal resources, there are several considerations that every hiring manager should think about. (More)

How Can I Select a Decent Tax Service For My Business?
So you are searching out a tax service for your business, and you are curious what you should look for in a quality service? Well you have come to the right place, and we will discuss a few ways to find a tax service and what the most important aspect is for the service. (More)

This newsletter is provided by AccountingHelper.org.

Dear AccountingHelper.org Readers,

Welcome to the Accounting Newsletter (6/7/2009). In this edition we have included news, articles and videos. You can find more resources on our website: AccountingHelper.org.

Accounting News

Political unknown who topped poll is grandson of disgraced accountant Labour
Search Query: Independent.ie Web Search A 27-year-old political unknown who topped the poll in the Pembroke-Rathmines area of Dublin is a grandson of the late, disgraced accountant Russell Murphy. Fin… (More)

IRS aims to regulate tax preparers
The IRS wants to start regulating paid tax preparers used by more than half the nation’s taxpayers in an effort to reduce fraud and errors. (More)

Accountancy Recruitment Consultant - Contracts
Consultant - Contracts jobs, Central London, Up to 32K Basic + Commission Guardian Jobs Accountancy Consultant - Contracts Employer: Posted: 11 May 2009 Reference: C1272 Contact: Mr Will Duffield Loca… (More)

Are You on the Right Road to the Future?
Find out how CPAs are managing the recession. Join the survey; see the results. by Rick Telberg In the aftermath of the financial meltdown of 2008, the financial services sector is getting a regulatory overhaul that could create a host of new opportunities for CPAs and accounting firms. Painful as it is, the combination of  “recession, tight [...] (More)

Accounting Videos

Accounting Careers

Guide to careers and courses.

Accounting Articles

AR Factoring Step by Step
Have you ever felt frustrated because even when you have good customers, it takes a long time to collect and you are always missing opportunities to make new business? Does it take too long to recover your accounts receivables to pay your suppliers? If you answered yes to any of the questions then surely you will be interested in this collaboration. (More)

Evaluating CPA Firm Lead Generation Providers
If your firm is considering retaining an outside vendor to assist with lead generation it is important to find the right provider for your firm. Making the mistake of retaining a firm that does not have the right credentials, experience or poor synergy with you/your firm can end up being a costly mistake and set practice growth plans back. Regardless of the type of lead generation services you are seeking there are a number of criteria you should assess to determine which firm is the best fit for your firm. (More)

Why Accounting Firms Need To Communicate With Clients?
There are some serious communication issues concerning accountants and many other financial service providers with their clients. To be an effective accounting firm, you have to link up with your cust… (More)

5 surefire ways to find and hire a good bookkeeper
Bookkeeper is person who control your business finances by keeping and calculating payments, invoices, payroll, revenue and other business critical transactions. Thus, it is essential to hire a skille… (More)

This newsletter is provided by AccountingHelper.org.

Dear AccountingHelper.org Readers,

Welcome to the Accounting Newsletter (6/1/2009). In this edition we have included news, articles and videos. You can find more resources on our website: AccountingHelper.org.

Accounting News

Accountants adjust to a swing in demand for various services
Portland-area accounting firms, accustomed to new tax laws and compliance rules each year, have reacted quickly to a host of additional demands spurred by the recession. Demand from business clients i… (More)

Five Star Bank wants out of TARP program
Five Star Bank , would like to return its $37.5 million in TARP (troubled assets relief program) funds to the federal government before the end of the year, said President and CEO Peter Humphrey. The … (More)

Feds tell West Georgia bank it must sell itself
One of the banking business’ little-known regulatory actions is rearing its head as the banking crisis worsens. The prompt corrective action notice, or PCA, has been issued against two Georgia … (More)

Two auditors in Satyam case, in India prison, fault system
Hyderabad’s Central Prison is no country club jail. The prison, opened in the 1800s, is surrounded by high watchtowers and a concrete wall. (More)

Braxton CEO Frank Backes Named Ernst & Young Entrepreneur Of The Year …
Braxton today announced that CEO Frank Backes is a finalist for the Ernst & Young Entrepreneur Of The Year 2009 Award in the Rocky Mountain Region. (More)

Top Seven Emerging Technologies for Accountants
According to Richard Oppenheim, writing at The Progressive Accountant, they are: 1. Cellular Telephony Getting Better 2. Wireless Charging by Induction 3. Picture Taking Goes on a Diet 4. Smart Cards Get Bigger and Smaller 5. GPS Getting Connected 6. Video Adapts Intelligence 7. Printed Words Are Being Reengineered Get the full story at Emerging Technologies 2009. addthis_url = [...] (More)

Accounting Articles

Using Accounting Software to Make Tax Time Less Stressful
This article briefly explains how accounting software can be used in businesses to make quarterly and annual tax preparation time easier, faster, and less stressful. Tax time (yearly and quarterly) can be stressful for business owners. There are a number of forms and paperwork that must be completed and submitted, along with payments that must be tracked. As such, many businesses look for ways to make this process easier and less stressful. One great place to start is by looking at your current accounting software package’s ability to make tax time easier and see if an upgrade would be worth it. (More)

What Are the Basic Accounting Definitions - Part 2
This is a second part of the article explaining basic accounting definitions, which form the basis for accounting, since they provide definitions of the essential items, processes and features applied in accounting to analyze, summarize and record business transactions for the purpose to prepare financial statements and provide accounting data to its users. In order to master the accounting theory and practice, we need to understand these definitions, explained further in this article. (More)

accounting gains and losses
It would probably be ideal if business and life were as simple as producing goods, selling them and recording the profits. But there are often circumstances that disrupt the cycle, and it’s part of th… (More)

What are accounting revenus and liabilities
In most businesses, what drives the balance sheet are sales and expenses. In other words, they cause the assets and liabilities in a business. One of the more complicated accounting items are the acco… (More)

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