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Selling any business or practice is going to be tough, and if you are looking into selling your accounting practice, this is going to be more complex. Indeed, the majority of accou...
For many firms managing leases in the U.K. and Ireland, FRS 102 has long been a stable part of the reporting landscape, but that's changing with Section 20.
Accounting and bookkeeping practices are navigating rapid change as AI reshapes workflows, client expectations rise and competition intensifies.
Accounting firms that have been wooed by private equity investors are starting to see PE firms now wooing their construction industry clients.
There is a difference between improving the business of law and allowing the economics of that business to interfere with the practice of law. The post Accounting Firms Are Learnin...
Most seasoned accounting professionals know what ownership means in day-to-day work at their firms, but putting it into words can be difficult.
There is an old story about a client who visits their accountant and asks, “What is two plus two?” The accountant replies, “What would you Read the full article...
TL;DR: Project accounting tracks the financial performance of individual client engagements rather than the business as a whole. For consulting and agency firms, this means monitor...
Every dollar that moves through a property you manage has to be tracked, especially because a lot of that money is your client’s. When you get the process right, month-end becomes...
Lease accounting under ASC 842 has become one of the clearest tests of how ready a firm is for the next era of audit.
Are you ready to take on more than 1.8-million new accounting clients? If yes, then this article is for you.
For practitioners advising any company in the semiconductor supply chain, this is a live problem right now, not a hypothetical one.
In addition to language tweaks, the proposed Accounting Standards Update includes clarifications related to estimates of expected credit losses and several other topics.
TL;DR: A firm can show strong profit on its income statement and still struggle to pay bills. This happens when revenue is recognized before cash is collected, often due to work-in...
The International Federation of Accountants introduced a set of six global principles to provide a framework for creating healthy, sustainable professional environments.
The American Institute of CPAs has teamed up with the American Society of Appraisers and the Royal Institution of Chartered Surveyors on a proposed Valuation Performance Framework.
Labor shortages and tighter filing deadlines might dominate the headlines, but capacity management has also become a major challenge for accounting practices.
In this guide, we walk you through every step to setting up a well-oiled property management accounting system.
The International Federation of Accountants introduced a Client Classification Tool for small and medium-sized accounting practices.
Dividing an accounting firm in an Illinois divorce begins with a difficult question: What is the firm actually worth, and how much of that value belongs to the business rather than...
What gets measured gets improved. Here are five key people metrics.
Accounting firms are running into a math problem that has nothing to do with tax code. Accountants are leaving … The post How to bridge the experience gap in accounting firms app...
Accrual, the intelligence layer for modern accounting firms, today announced that it has entered into an agreement to acquire Puzzle’s accounting-firm technology and business, incl...
Two different studies recently pitted human CPAs against AI models in tests of accounting acumen, and while their results varied dramatically, both agreed that AI was still no subs...
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