What is accounting software? Why should you use accounting software?
Most businesses rely on using spreadsheets to manage books, and many continue to use spreadsheets...
Key Takeaways
The SEC has now replaced SAB 121 with SAB 122, which provides a revised framework
Under the new guidance, companies must evaluate potential risks...
The U.S. Securities and Exchange Commission published a new Staff Accounting Bulletin Thursday withdrawing its controversial SAB 121.SAB 121 directed banks and other public...
The complexity of crypto taxes is often underestimated by individuals and firms completing their forms for the first time. The Internal Revenue Service (IRS)...
Key Takeaways
The temporary relief gives brokers additional time to upgrade their systems to support multiple accounting methods.
FIFO, “First In, First Out,” is an inventory...
What is business accounting?
Business accounting involves recording, condensing, evaluating, and reporting financial transactions and data inside an organization. Its goal is to give decision-makers...
The Financial Accounting Standards Board (FASB) has introduced a new fair value accounting standard for Bitcoin, a move many industry observers view as a...