CPA Practice

NOVEMBER 5, 2024

The accounting problems came to light in April 2023, when Lovesac’s finance team found that approximately $2.2 In mid-August 2023, Lovesac submitted a filing to the SEC that disclosed that its previously filed financial statements for the 2023 fiscal year and first quarter of 2024 were no longer reliable, according to the lawsuit.

general ledger 98

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Basis 365

APRIL 15, 2025

What is the Statement of Cash Flows? The Statement of Cash Flows is a financial statement that shows the inflows and outflows of cash within your business over a specific period. The Statement of Cash Flows is structured into three key sections: Operating Activities : Shows cash generated or spent on daily operations.

accrual accounting 64

accrual accounting accounting and finance Non-Profits financial statements 64

Withum

DECEMBER 18, 2024

Finance teams planning for their year-end financial statement audit have an even longer list of things to think about at the end of the year, including income statements, balance sheets, and, finally, the income tax provisions and disclosures that must be presented in the financial statements.

Tax 122

Tax auditor financial statements income tax 122

Going Concern

NOVEMBER 8, 2024

It’s free!

Florida 98

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Patriot Software

APRIL 17, 2025

Business owners need to have a pulse on their organization’s financial performance and cash flow for decision making and obtaining business financing. You can learn how your business is doing holistically by preparing different financial statements. So, what is a financial statement?

financial statements 86

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Acterys

JANUARY 28, 2025

Financial modeling is an essential tool in corporate finance and business decision-making. By creating structured representations of a companys financial data, financial modeling enables stakeholders to forecast future cash flows, evaluate investment opportunities, and strategize for revenue growth.

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Basis 365

MARCH 18, 2025

Bookkeeping at this stage is primarily for compliance, basic budgeting, and ensuring cash management.

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CTP

OCTOBER 28, 2024

Administrative & Financial Support Moving into the realm of finances, a family office may handle bookkeeping, legal and estate planning oversight, cash flow management, financial advice, insurance management, accounting and tax filing oversight, and charitable giving management. This may operate similarly to an enterprise.

Tax 105

Tax Government Real Estate payroll tax 105

Accounting Today

JUNE 23, 2025

In late 2023, GASB issued Statement 102 , "Certain Risk Disclosures," requiring state and local governments to provide financial statement users with information about specific risks when circumstances make a government vulnerable to a heightened possibility of loss or harm. That is effective for 2025 financial statements."

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Shay CPA

MAY 21, 2025

This data feeds into financial statements and cap table management. Bookkeepers must account for stock options, restricted stock units (RSUs), and other forms of equity compensation. Stock Option Accounting Proper accounting for stock options involves tracking grant dates, exercise prices, and vesting schedules.

bookkeeping 52

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Shay CPA

JULY 2, 2025

In this post, we discuss why it’s essential to secure closed books with passcodes, the risks associated with making unapproved changes to prior periods, and best practices for handling adjustments that impact your financial statements. Effective communication ensures that everyone is on the same page.

CPA 52

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Basis 365

JANUARY 14, 2025

Financial Accounting Team: A dedicated accounting team is essential for daily bookkeeping, bill payment processing, payroll, sales invoicing, and financial statement preparation. CFO or Advisory Services: A Chief Financial Officer (CFO) or financial advisor supports strategic planning, forecasting, and decision-making.

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ThomsonReuters

DECEMBER 27, 2024

This update provides guidance for financial statement reporting, effective for fiscal years beginning after December 15, 2024, requiring crypto assets to be measured at fair value, with changes recognized in net income each reporting period. Testing completeness of crypto transaction records by reconciling on-chain and off-chain data.

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inDinero Tax Tips

JANUARY 1, 2025

Startups that hope to attract venture capital need to be able to provide high-level financial statements to investors. But when it comes time to communicate your vision to stakeholders or pitch investors, youll need these three fundamental financial statements. In short, bookkeepers are record keepers.

accrual accounting 59

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Shay CPA

FEBRUARY 19, 2025

Many companies choose to start the audit the quarter after their fiscal year ends so they can relatively neatly audit the previous years financial statements. #5: Many companies undertake an audit to prepare for a fundraising round or an initial public offering (IPO), for example.

audit 52

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CPA Practice

JULY 7, 2025

David Samayoa Alvarado (New York), a graduate of Ramapo College of New Jersey with a Bachelor of Science in accounting and a Bachelor of Science in finance, is employed with PricewaterhouseCoopers LLP in New York, NY. accounting and finance industry. The Child Tax Credit is also included and reflects a permanent increase to $2,200.

cpas 85

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Basis 365

JULY 22, 2025

You see the trend early, long before your bank account feels the strain, giving you room to cut discretionary spend, accelerate collections, or arrange financing on calm terms rather than emergency ones. Those safeguards run quietly in the background, catching issues before they reach the financial statements.

Account 52

Account accounted accountant accounting and finance 52

Basis 365

NOVEMBER 19, 2024

They ensure that all financial reporting is accurate and complies with industry regulations and standards. This is particularly important if your business is looking to attract investors or undergo a financial audit. Timely and accurate financial statements give stakeholders confidence in your company's financial health.

bookkeeping services 52

bookkeeping services bookkeeping accounting and finance audit 52

Shay CPA

JUNE 11, 2025

The allure of “digital transformation” can be hard to resist—especially when it comes from a seasoned VP of Finance or CFO who wants to show they can make a big impact. Yet over the past decade, we’ve observed that too many new finance hires immediately push for major system changes—even when potential gains are tiny. Timing is Key.

accounting and finance 52

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Basis 365

FEBRUARY 17, 2025

Month-End Close They ensure that financial records are accurate and complete at the end of each month, preparing the company for financial analysis and reporting. Financial Reporting Controllers provide detailed financial statements and ensure compliance with regulations and internal policies.

bookkeeping 52

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Analytix Finance & Accounting

JUNE 24, 2025

Accounting Services Beyond basic bookkeeping, monthly accounting services provide you with regular financial reports and analysis that help you understand your business performance. Either way, you’re only paying for what you actually use.

Account 52

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Going Concern

DECEMBER 20, 2024

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Real Estate 52

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Going Concern

NOVEMBER 22, 2024

Audit Large Accounting Firms Will Have to Submit Financial Statements to U.S. Regulator [ Wall Street Journal ] Large accounting firms will have to submit financial statements annually to the U.S. Although we’re at the beginning stages of using AI in finance, we believe there’s a lot of potential.

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Going Concern

JUNE 5, 2025

Whether you’re looking for talent in tax, audit, accounting, or project-based roles, we’ve got candidates worth your time.

Real Estate 52

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Going Concern

JUNE 27, 2025

OMB seeks ‘strategic reset’ of financial statement audits [ Federal News Network ] “Audits were once a tool for accountability and improvement. Now they have become, in many places, rote exercises that do not ensure sound financial management and instead contribute to the $36 trillion of debt the federal government currently carries.

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Accounting Insight

JANUARY 22, 2025

Caseware , a global leader in cloud-enabled audit, financial reporting and data analytics solutions, today announced the acquisition of Extractly.ai , the provider of intelligent document processing solutions that streamline the audit process for accounting and finance teams. Founded in 2021, Extractly.ai

Technology 52

Technology audit financial statements accounting and finance 52

Anders CPA

FEBRUARY 28, 2025

It is unfair to the other partners who are financing that bad behavior, so you must enforce those policies. Financial Statements Use the accrual basis to prepare your financial statements to match your revenue with expenses. The reliability of your financial statements is key.

Non-Profits 59

Non-Profits Legal financial statements Manufacturing 59

Menzies

JANUARY 7, 2025

For assets purchased under finance leases, capital allowances do not apply and instead, companies can claim tax relief on the depreciation in the financial statements. Next steps Capital allowances are a vital tool for businesses, offering significant financial benefits that can enhance overall economic health.

Tax 59

Tax chartered accountant Transportation accounting and finance 59

CPA Practice

JUNE 25, 2025

The milestone is part of Emburse’s broader vision for Expense Intelligence, which transforms travel, procurement, and reimbursement from fragmented data silos into AI-powered financial harmony. Monitor sync activity in real-time with built-in logging and diagnostic tools that surface and resolve issues quickly.

Technology 71

Technology accounting and finance payroll payroll tax 71

Going Concern

JULY 17, 2025

Remote Work Experience: Y Salary: $75k – $90k Time Zone: Eastern Sign up for FREE to learn more about this candidate Want to see the full list of this week’s top remote candidates?

Real Estate 52

Real Estate Tax Account accounted 52

Basis 365

MARCH 9, 2025

Controllers are responsible for overseeing accounting operations, ensuring financial accuracy , and maintaining compliance with financial regulations. Their primary responsibilities include: Financial reporting Preparing accurate financial statements and reports. Ready to take control of your business finances?

accounting and finance 52

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MyIRSRelief

JUNE 27, 2025

When overwhelming tax debt threatens your financial stability and future, an Offer in Compromise (OIC) may provide the lifeline you need to resolve your tax obligations and regain control of your finances. The presentation of the offer involves more than just submitting forms and financial statements.

Tax 130

Tax financial statements payroll tax business tax 130

Going Concern

MARCH 21, 2025

The tax arrangements had been blessed by the other Big Four accountancy, EY, which has audited the drinks makers financial statements since 1921. KPMG issued unqualified opinions, asserting that its audit found no material misstatements in accordance with applicable auditing standards. “It’s like a parrot.

Technology 52

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Withum

DECEMBER 4, 2024

There is also a 15% corporate alternative minimum tax (CAMT) based on book income for companies with average annual adjusted financial statement income exceeding $1 billion. An exception from the limitation on the business interest deductions is also provided for floor plan financing (i.e.,

Tax 105

Tax income tax Construction Non-Profits 105

Withum

MARCH 4, 2025

The Governmental Accounting Standards Board (GASB) issued Statement No. 103: Financial Reporting Model Improvements to provide updated guidance on several areas of the financial reporting model. It is the most significant update to the financial reporting model since GASB Statement No.

financial statements 52

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Going Concern

OCTOBER 11, 2024

News AICPA moves to amend financial statement standard [ CFO Dive ] Well this is a BFD! This past week, a report on CB was released by the firm Carr, Riggs & Ingram (CRI) alleging “lax oversight” of CB finances during the tenure of General Manager Dr. Alex Rojas, whom Ponto took over for in February.

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