SMBAccountant

JANUARY 4, 2023

New rules are going into effect for lease accounting which may change how small businesses who follow Generally Accepted Accounting Principles (GAAP) think about and reporting leases. Under the old rules, financial reporting requirements were determined based on whether a contract was considered a capital or operating lease.

accountant 246

accountant accounted Account accounting standards 246

KROST

APRIL 12, 2022

Securing credit, managing employees, and staying involved in the day-to-day running of the business creates a constant set of obstacles to be addressed by the business owner, leaving very little time for a life outside of work, let alone applying the latest accepted accounting principles.

accrual accounting 52

accrual accounting financial statements accounting and finance auditor 52

Going Concern

JUNE 17, 2022

While accounting technology is moving fast, some firms are still moving slow: #TaxTwitter I just got a customer service request from a CPA firm via SNAIL MAIL. Do mid-sized firms not know how to use email? Now, that candidate may test in each of those locations. Sandi Leyva (@SandiLeyva) June 17, 2022.

accountant 52

accountant accounted Account chartered accountant 52

Going Concern

OCTOBER 21, 2024

Financial reporting data has become extremely structured and repeatable across all enterprises because it’s guided by the standards set out through generally accepted accounting principles (GAAP), which are governed by the Financial Accounting Standards Board (FASB).

accountant 59

accountant accounted Account South Dakota 59