Insight Tag: Accounting & Bookkeeping
Apr 19, 2023
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).
May 10, 2022
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.
Mar 13, 2023
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.
Jun 20, 2022
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.
Nov 30, 2021
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.
Feb 7, 2023
Plain & Simple | Winter 2023
As you gear up for business in 2023, take a look at recent history to understand the changes and challenges businesses have faced: Inflation, supply chain interruptions and delays, rising interest rates, the threat of recession, and global instability. So how do we respond to the unknowns and prepare ourselves to be successful in a challenging environment? We wanted to highlight key business trends to consider for your business model.
Aug 3, 2022
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.