Accounting

CPA com logo 5667107d552b0

June 28, 2017 

CPA.com and Bill.com Extend Partnership

Firms using Bill.com report substantial business growth and efficiency gains on once tedious, error-prone and time-consuming bill payment and invoicing processes. Bill.com is recognized as SOC 2 compliant, offers flexible and robust payment ...

 FASB Proposes Changes to Consolidation Guidance

June 28, 2017 

FASB Proposes Changes to Consolidation Guidance

The Financial Accounting Standards Board (FASB) has issued a proposed Accounting Standard Update (ASU) intended to reduce the cost and complexity of financial reporting associated with consolidation of variable interest entities (VIEs).

Financial_apps_tablet_55d62086ab656

June 27, 2017 

Businesses Expect New Challenges on Lease Accounting

Most companies anticipate challenges to operationalize the required changes to comply with the new lease accounting standard, which will bring onto the balance sheet operating leases for assets such as real estate and transportation, IT and ...

intacct 54f4ab2603f8a

June 27, 2017 

Intacct and OANDA Extend Partnership

Intacct and OANDA have extended their partnership on foreign exchange data services. The terms of the new agreement renew the trust in OANDA’s Exchange Rates API and solidify the OANDA Exchange Rates as the default rates in the Intacct cloud ERP system.

 Public Company CPAs Alliance Formed

June 27, 2017 

Public Company CPAs Alliance Formed

The accounting firm Thayer O’Neal Company, LLC of Houston, Texas has banded together with three other firms to form the basis of the Public Company CPAs Alliance (PCA). PCA is a nationwide network of CPA firms devoted to serving small and medium sized...

 June 2017 Small Business Channel

June 27, 2017 

June 2017 Small Business Channel

Another important disadvantage of an S-Corporation concerns ownership. An S-Corporation limits the type of shareholders allowed, the number of shareholders, and the type of ownership interest shareholders may have.

Craig Smalley