Financial reporting

Most midmarket ERP software implementations are accomplished with moving off QuickBooks and for the most part, users can plan and execute the transition rapidly. And with the right consultant, the transition can be planned and executed rapidly, but how do you know when it’s time?

Online accounting software maker Xero has partnered with online credit card payment company Stripe, allowing Xero users to integrate Stripe’s system to accept payments.

Sage 100 Fund Accounting has received the first major upgrades to the product since it was sold to Accel-KKR, including mobile access for key tasks, allowing nonprofits and governmental agencies access from a wireless connection

Last August, the American Institute of CPAs released an exposure draft of its updated guidance on the Valuation of Privately Held Company Equity Securities Issued as Compensation.

The Securities and Exchange Commission charged Bellevue, Wash.-based commercial truck manufacturer Paccar, and a subsidiary, with various accounting deficiencies that clouded their financial reporting to investors in the midst of the financial crisis.

IMGCAP(1)]Check out the digital edition of the June 2013 issue of Accounting Today.

Another reprise of a classic column

An exercise in management by sticky notes

The transition will require some adjustment on your part

Frequently I am asked, "What IT projects produce the greatest ROI?" While the intent of the question may be hidden, the answer is simply that there are firm projects where technology is a component or the accelerator.

The golden age of retirement is upon accounting firms, as most have at least one partner in the 77-million-strong Baby Boomer demographic, whose oldest members have already started reaching the 65-year milestone.

Virtually all tax preparers were adversely affected by the late start to the 2013 filing season, with the added complications of late forms, late information from brokerage houses and, in some cases software glitches.

You'll want to pay attention to these different areas of change

On just about every front and at just about every level, change is creating challenges for accountants and accounting firms. You don't have to go far to find long lists of issues.

The principles behind the passive-activity loss limitations rules under Code Sec. 469 and the net investment income Medicare tax under Code Sec. 1411 are similar -- limit business losses from passive activities or raise the tax on passive-type income a bit more, when not the direct result (at least not a significant part) of a taxpayer's labor. Congress, however, did not leave it at that -- or, as some would argue, leave well enough alone.

Our readers speak out

A roundup of firm mergers and acquisitions from the previous month

When their favorite team lost a match, this small business lost a valuable customer

New books, software and hardware for accountants

Firms are finding new ways to bring value to NFP clients