Accounting Helper Blog

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)

This newsletter is provided by AccountingHelper.org.

Dear AccountingHelper.org Readers,

Welcome to the Accounting Newsletter (9/13/2009). In this edition we have included news, articles and videos. You can find more resources on our website: AccountingHelper.org.

Accounting News

Top Tips for Tech Savings: Ask the right person
We’ve been asking, “What’s the best way to economize on technology costs in this economy?” And you’ve been answering… Anne Stanton Principal Business Analyst at FM Global http://www.crmlady.com/ Ask the right person, with the right background, the right question. [Editor's note: Congratulations to Anne for her latest book, now available on Amazon, "Teach Yourself Microsoft Dynamics CRM 4 in 24 [...] (More)

Top Tips for Tech Savings: Grab the tax benefits
We’ve been asking, “What’s the best way to economize on technology costs in this economy?” And you’ve been answering… Anita Campbell CEO of Small Business Trends LLC SmallBizTrends.com I would not delay spending — just the opposite. You can save money by spending smart. How? By making sure you are taking advantage of 2 significant tax benefits that were [...] (More)

H&R Block Warns Taxpayers About Une…..
With the unemployment rate at 8.7 percent in the county and 8.6 percent at the state level, H&R Block is warning taxpayers about money they will owe on their unemployment benefits. (More)

CPA Firms Battle Recession With New Marketing Plans
Two in three firms plan to boost biz-dev efforts. What’s working in accounting marketing today? Join the survey; get the answers. by Rick Telberg Both because of the business downturn and despite it, accounting firms are largely resisting the impulse to cut marketing spending and business development activities. And a significant number are even boosting sales efforts. Early results [...] (More)

Accounting Articles

Bookkeeping Help - Why Hire Bookkeeping Help From An Outsourcing Firm?
Do you know how it feels like working whole day long in filling bookkeeping entries and checking and re-checking them for any errors that might have been left due to negligence? It feels like bein… (More)

Painting Business Accounting - Make More Money
Profit - Keeping track or record keeping and analyzing the data, is really the only way we can tell the financial health of our company. Things have changed considerably since my Grandfather was a painter. Back then some basic accounting was all that was needed. (More)

Accounting Help - Is It Really Helpful In Business Management?
Have you ever wondered how much stress and cost is going into managing an individual accounts section in-house? This is the basic reason behind slowing down of your business. Since you are almost … (More)

Guide to Finding Competent Accountants
Both large and small establishments must get their accounts perfectly handled to make certain that their business is on the right track. This is reason why accountants are of vital importance to establishments. The appropriate handling of cash movement within the company is done by no less than a competent, reliable accountant. Thus, employing the best person or persons for this purpose is more than a clever idea that a company owner can do. (More)

Quality Bookkeeping Services - Tips on Finding the Right Provider For Your Company
A lot of companies today fail to succeed primarily because they have done a poor job of keeping their financial records. Keep in mind this is one of the most important aspects of any business, big or small, that should never be neglected. Fortunately, there are a lot of bookkeeping companies which offer quality book keeping and accounting services. By hiring efficient, reliable and honest bookkeepers from these companies, you would be able to feel secure as to where every dollar goes in your business. (More)

Forensic Accounting - What it Includes
Forensic accounting is intended for use in a court of law or other legal processes and should be of the highest standard possible. The term “forensic” should not be confused with the laboratory work on DNA, toxicology and related sciences used in solving other types of crimes. In the case of forensic accounting, the word applies to a scientific method of accounting to solve legal problems. (More)

This newsletter is provided by AccountingHelper.org.

Dear AccountingHelper.org Readers,

Welcome to the Accounting Newsletter (9/6/2009). In this edition we have included news, articles and videos. You can find more resources on our website: AccountingHelper.org.

Accounting News

H&R Block Offers 500 Offices to New Franchisees
KANSAS CITY, MO - ‘When the going gets tough, the tough get going’ isn’t just a bromide administered by football coaches before the big game. A new study* shows that when economic times are tough, a r… (More)

market will cut fat cat pay
A DAY of reckoning is still to come for overpaid executives, a senior figure from one of the ‘big four’ accountancy firms has warned, despite advocating the need for hefty salaries to attract top tale… (More)

What Recession? Accounting Industry Adds 2,300 Jobs in August
While U.S. economy loses 216,000 jobs and unemployment hits 9.7 percent. In today’s monthly employment situation data release, the Bureau of Labor Statistics reported that total employment in the nation’s accounting and bookkeeping services sector climbed by a seasonally adjusted 2,300 jobs in August from July, to stand at a head count of 943,900. Here’s the Official [...] (More)

Deloitte & Touche Tops BusinessWeek’s Annual List of ‘Best Places to Launch a Career’
The big four accounting firms once again dominate BusinessWeek’s fourth annual ranking of the “Best Places to Launch a Career.” Deloitte & Touche jumped to the No.1 spot, unseating Ernst & Young who ranked No.2. PricewaterhouseCoopers and KPMG took the third and fourth spot, respectively. (More)

Targeting Small Biz? Twitter Has 7X the Selling Potential of Other Social Nets
Another reason accounting marketers can’t ignore Twitter. According to market researchers Warrillow & Co. at the Corporate Executive Board, most marketers in the small business segment have spent the last few years searching for profitable applications of social media in their advertising campaigns; many to no avail. Home grown social networks have proven to be expensive [...] (More)

Accounting Articles

The Importance of Cash Flow
Cash flow to a business can be a sign of its health or its pending demise. Simply put, cash flow is the money coming in to a business as well as the money going out. This includes everything from sales dollars to expenditures for office supplies. By understanding the true importance of cash flow, small business owners and entrepreneurs will be far more ahead of the game. (More)

Find Out What Great Plains Accounting Software Can Do
Great Plains accounting software, also known by the name Microsoft Dynamics GP, is an integrated solution to handle all of your business’s accounting needs, including general analysis and management of the supply chain, finance, manufacturing, customer relationship, retail, human resource, and project functions. The package was created by the Great Plains Software company, an independent developer of financial software located in Fargo, North Dakota. It claims to be the first accounting software program available in the United States that can support multiple users and work with the Windows operating system. (More)

Customised Bookkeeping Solutions
Different firms have radically different business models and, as such, have different bookkeeping needs and requirements. A firm with the … (More)

This newsletter is provided by AccountingHelper.org.