Ryan Lazanis
SEPTEMBER 27, 2023
If you’re a CPA firm looking to outsource your bookkeeping, you’ll want to check out this post on the 7 different options for outsourced bookkeeping for CPAs. Check it out: Outsourced Bookkeeping for CPAs Terminology Before continuing, there are 3 terms that I want to briefly define which will have an impact on the option you select.
Going Concern
DECEMBER 8, 2023
Audit SEC approves new PCAOB audit confirmation standards targeting fraud [ CFO Dive ] The Securities and Exchange Commission has approved a new standard tightening the requirements for auditors when confirming details of an audit, including verifying with a third party assertions made by a client in a financial statement.
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CPA Practice
MAY 10, 2023
Accountants can earn CPE credits for live attendance of Patriot Software webinars, which are free to attend. Patriot Software is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of CPE on the National Registry of CPE Sponsors. Interested participants can register here.
ThomsonReuters
JANUARY 18, 2024
Some of the key accounting assumptions — which are beneficial for the entity, its management, as well as for those reading the financial statements — include the reliability assumption, accrual assumption, and economic entity assumption, to name a few. Accountant vs. CPA vs. tax preparer: What are the differences?
Snyder
JULY 13, 2022
This turbulent time led to the rise in demand for client accounting services (CAS) – something that has been around for a couple of decades, but is coming into full swing only today. What are client accounting services (CAS)? Modern CAS has access to automated accounting software which greatly simplifies accounting tasks.
xendoo
AUGUST 30, 2021
Bookkeeping is critical to the financial health of every business, but business owners rarely have the time (or desire) to manage it themselves. To take their time back, many business owners choose to outsource their bookkeeping and accounting. There are many options available, from traditional CPAs to tech-savvy online companies.
Steve Feinberg
DECEMBER 22, 2023
One effective strategy is to create a detailed budget that accounts for all income and expenses, including monthly bills, business expenses, and unexpected costs. Utilizing accounting software or apps can also assist in keeping track of expenses and identifying any areas where spending can be reduced.
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