Accounting

July 16, 2017 

Venture capital (VC) investment rose substantially with $21.8B invested contributing significantly to the global resurgence, according to Venture Pulse, a quarterly report on global VC trends published by KPMG. Activity suggests that investment may be rebounding from the 11 quarter low experienced in Q4’16. “Venture capital invested has improved this quarter, with a significant number...…

July 16, 2017 

The Financial Accounting Standards Board (FASB) has issued an Accounting Standard Update (ASU) that simplifies the accounting for certain financial instruments with down round features—a provision in an equity-linked financial instrument (or embedded ...

July 16, 2017 

The Governmental Accounting Standards Board (GASB) has issued guidance that establishes a single approach to accounting for and reporting leases by state and local governments. This single approach is based on the principle that leases are ...

July 13, 2017 

Research has found that 87% of small companies want cloud-based services, yet less than 15% of the accounting software that serves them is cloud-based. In other words, there’s huge demand from businesses, including practices like yours as well as the clients you serve, for cloud accounting solutions. Regardless of if your practice has fully embraced,...…

July 13, 2017 

When it comes to accounting software, desktop software has served accountants and bookkeepers well and will continue to do so for quite some time. However, just as other professions have already done, accounting and bookkeeping is moving to the cloud.

July 13, 2017 

Ernst & Young LLP has acquired the Family Enterprise Business Services (FEBS) practice of Headwaters SC, LP (HWSC). James C. Bly, Jr., the founder and CEO of HWSC, has joined Ernst & Young LLP where he will serve as an Executive Director.

July 13, 2017 

Work Orders is available as a mobile application for iPads and Android tablet devices and as a standard module in the AccuFund Accounting Suite. Work Orders provides municipalities, state governments and nonprofit agencies, including their internal ...

July 12, 2017 

Chrome River Technologies, Inc., a provider of expense and invoice management solutions, has launched a new automatic receipt forwarding system for Lyft passengers using a business profile.

July 12, 2017 

The American Institute of CPAs has acquired the Accounting Pilot and Bridge Project (APBP) from Dr. Dan Deines, CPA. The APBP, a program that trains high school educators to teach a higher level accounting curriculum, was founded in 2006 by Dr. Deines ...

July 11, 2017 

While most corporate financial executives are assessing the impacts of the new lease accounting standards issued by the Financial Accounting Standards Boards (FASB) and International Accounting Standards Board (IASB), 23 percent of companies have yet to begin the initial adoption process of the standards, according to a new survey released by PwC US and CBRE...…

July 11, 2017 

By forcing consumers to give up or go it alone – usually over small amounts – companies can sidestep the court system, avoid big refunds, and continue harmful practices. The CFPB’s new rule will deter wrongdoing by restoring consumers’ right to join ...

July 11, 2017 

Individuals can set up the automatic expense integration by creating a Lyft Business Profile and selecting “Expensify” in their settings, while company admins can start a Lyft for Business account and invite the entire team to easily monitor ride ...