Insight Tag: Accounting & Bookkeeping
Article
The Future of QuickBooks: Getting Ahead of the Change
As of July 31, 2024, new subscribers can choose between QuickBooks Online (QBO) and QuickBooks Enterprise. Existing subscribers will still be able to renew their QuickBooks Desktop Pro and Premier subscriptions, but these options are no longer available to new subscribers. The biggest impact will be for new businesses or QuickBooks Desktop users without an active subscription. For several years, Intuit has poured its resources into enhancing QuickBooks Online, to make it more robust and user-friendly while adding new features.
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).
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.
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.
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.
Blog
What’s in the Mix: Profitability for Restaurants
Here are five tips to increase profitability and cut costs in your restaurant.
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.
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.
Feb 7, 2023
Newsletter
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
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.