Author
Apr 19, 2023
Article

From QuickBooks Desktop to QuickBooks Online: To Switch or Not to Switch?

Several changes are coming that may impact users of QuickBooks Desktop (QB Desktop).
Author
Dec 15, 2022
Article

Why Accounting is an Investment and Not a Cost

In my 30+ years in the industry, too often I’ve witnessed owners that treat the accounting and finance function of their business only as an expense or cost center.
Author
May 10, 2022
Article

Lease Accounting Standard: The Time is Now

The multi-year delays in implementation of the new lease accounting standard are over and now it’s go time. This is it, and if your company or nonprofit has not yet started gathering the information necessary to properly report its lease obligations for 2022, there is no more time to waste.
Author
Nov 22, 2021
Article

Streamline Your Business: ERP Systems and You

Managing the data that keeps your business afloat can feel like a job in itself, and when many think of investing in enterprise resource planning (ERP) software, they think of expensive, inaccessible software.
Mar 13, 2023
Blog

Do You Play By The (Capital Asset) Rules?

Do you have assets that continue to be used well beyond a single reporting period, such as land, land improvements, buildings, furniture and equipment, infrastructure and construction in progress? Then you have capital assets and special reporting requirements. Read on to learn more.
Jan 4, 2023
Blog

What’s in the Mix: Profitability for Restaurants

Here are five tips to increase profitability and cut costs in your restaurant.
Jun 20, 2022
Blog

Restaurants Order Up Actionable Financial Data with Outsourced Accounting

Outsourcing of accounting and bookkeeping support services is an increasing trend among many businesses and is growing quickly in the restaurant industry. It’s a solution that addresses a confluence of factors affecting restaurants these days, especially restaurant businesses that are smaller and mid-sized operations.
Author
Nov 30, 2021
Blog

Top 5 Tips To Help You Prepare For New Lease Accounting Standards

For those of you who were hoping against hope that the Financial Accounting Standards Board (FASB) would further delay the new lease standard for private companies, I’m afraid you’ll be disappointed. The Pennsylvania Institute of CPAs was looking for a two-year delay for the adoption date, but the FASB turned that request down in November.
 
Aug 3, 2022
PR

Rea & Associates Continues to Move Up the Rankings on Inside Public Accounting’s Top 100 List

Inside Public Accounting's Top 100 Firm List today. Rea & Associates is positioned at #78.