News

AccountingWEB Named #2 Portal

A study released today by Harris Interactive, in conjunction with CCH, shows AccountingWEB in a strong position as the 2nd most frequented accounting portal on the Internet. On to the #1 spot!
Community News

SEC Makes Auditor Independence Transcript Available

The Securities & Exchange Commission has posted on its web site the entire transcript of Day One of the auditor independence hearings which occurred on July 26.AccountingWEB provided full coverage of the event throughout the day, and will do so again for the second day of hearings, scheduled for September 13.Speakers presenting testimony before the SEC in July included public accountants, industry accountants, educators, memb
Community News

SEC Accepting Applications for 2nd Hearing

The SEC is gearing up for Round Two of the auditor independence hearings, and applications are being accepted for those who wish to participate in the hearings.

AICPA Adds to its Hall of Fame

The American Institute of CPAs has honored three of its members for their achievements in the profession by inducting them into its Business & Industry Hall of Fame.The inductees are Edward D. Beach, a former vice chairman of Broyhill Furniture Industries and former president of BMC Fund, Gayl W. Foster, president of Sigma Micro Corp. in Indianapolis, and Paul E.
Technology

Low-income Households Fastest Growing in Internet Use

While the number of US Internet users with annual household incomes under $25k has grown nearly 50%, outpacing the growth of total users, they still only represent 9.7% of the overall Internet-using population. Media Metrix' clickstream Internet behavioral data shows the digital divide gradually narrowing as lower-income households increase their ranks online by a significantly wider margin than the total population. The overall composition of the web, however, still skews toward a higher-income user base.
Technology

Dow Fires 40 in E-Mail Violations

Dow has announced plans to fire 40 employees for sending inappropriate e-mail messages in the workplace. Offensive messages range from off-color jokes to nude pictures to violently explicit material.Union officials claim Dow's search of 6,000 e-mail accounts in response to one complaint about offensive e-mail is nothing more than a "witch hunt" and an opportunity to fire people.Last month, Dow fired 50 employees and disciplined 200 for e-mail violations.

Intuit's Loss is Good(?) News for Investors

Intuit, maker of TurboTax, Quicken, and QuickBooks software, posted a fourth quarter loss from operations of 4 cents per share, but overall earnings for the fiscal year ended July 31 are up 35%, and shareholders are cheering. The stock surged to $49 per share Tuesday, after languishing at around $35-$40 per share in recent months. Stock in the software company has risen 73% in the past 12 months.Forecasters had predicted a loss of 8 to 9 cents per share for Intuit's fourth quarter, so the final news was encouraging.

Solving Problems in QuickBooks, with Gail Perry

Presented by Gail Perry, CPAAuthor of "The Complete Idiot's Guide to QuickBooks" and "Using QuickBooks"This Workshop was sponsored By Practitioners Publishing CompanySession Moderator: QuickBooks can be a challenge, but today, we are going to hear from our own resident expert, Gail Per
Technology

Macola's new Backbone Spurs CRM Business

Macola is banking that a new architecture for its Progression SQL product will help improve not only sales, but customer needs for some time to come.Specializing primarily in accounting software for the manufacturing industry, Macola's new product is designed to supercharge data access performance, integration with other Microsoft desktop products, scalability, ease of use and data security.According to a company press release, Macola's software includes one of the most tightly integrated Customer

Accounting Jokes: The Worst of the Web

Well, some of them are pretty terrible, but at least they've made an effort.
Community News

Business Casual: What exactly IS It?

Most companies like the idea of casual Friday. If you’re an employer you can help boost morale by offering your staff the opportunity to dress down one day of the week. In fact, more and more companies are offering the opportunity to dress casual for the entire week. However, this can leave people confused as to what is appropriate dress and what isn’t. A particularly difficult challenge in discerning what’s appropriate casual wear and what’s not resides among women, especially those making the switch from college to the corporate world.
Practice Management

Small Business Solution: Hire a Debt Arbitrator

Small businesses like CPA firms and other companies are famous for being negligent in collecting on past due accounts. Some past due receipts often go 30, 60 or even 90 days.One solution for clients and companies alike is to hire a debt arbitrator - a person who can negotiate settlements based on experience and pay incentives.
Technology

Pay Model Returns to Yesteryear for Dotcoms

Just when dotcoms seemed to break out of the mold and offer compensation models truly above and beyond the traditional bricks & mortar environment, high-tech companies have taken a step backwards.Gone are the days of stock options. Since tech stocks have fallen somewhat out of favor since last Spring, dotcoms have returned to cash incentives rather than the promise of a soon-to-be IPO in the future.This and other conclusions were made by a recent study commissioned through PricewaterhouseCoopers.

Our One Year Anniversary

We celebrated our one year anniversary by attending the Illinois Business & Technology Trade Show, the venue for our "coming out" party in 1999. Plenty of people seeking us out, congratulating us on the anniversary, and thanking us for making a difference in their lives. Sure different than it was last year at this time . . .
Technology

QuickBooks is Driving Me Crazy!

Tuesday afternoon, AccountingWEB hosted Gail Perry, CPA, and author of several books including "The Complete Idiot's Guide to QuickBooks" in a return engagement as a workshop presenter and facilitator in solving many of QuickBooks' thorniest problems.In addition to problem-solving, Perry presented some of her favorite QuickBooks tips, including:Adding favorite reports to the Navigation BarMemorizing recurring transactionsCreating a General Ledger report for one account Making adjustments to 1099 vendorsCompressing dataChanging account balan

FASB Ruling May Stifle Mergers and Acquisitions

In a letter to the Financial Accounting Standards Board (FASB) signed by members of the Association for Financial Professionals, the Association warned that an impending FASB ruling will cause a dangerous slowdown to merger activity and may restrict U.S. economic growth. The warning is based on results of a survey conducted by AFP of its members.
Technology

KPMG Points Out the E-vil of the New Economy

KPMG Consulting has warned businesses to steer clear of the seven deadly 'e-sins' that could cripple their online operations.E-business partner Paul Baker says that the path to 'e-virtue' lies in avoiding the following:Sloth - the key top e-business is speed;Envy - don't simply copy the successes of other companies;Greed - Don't be afraid to collaborate;Pride - Share your data;Gluttony - Delivering online grub can be complicated;Lust - The proliferation of porn sites makes a clearly defined policy on permissable personal browsing a must;

Telephone Interviews: The Next Best Thing to Being There

As our business days continue to fill and the pace getse more frenetic, you may find that your potential employer only has time for a remote interview.
Technology

ILOVEYOU Suspect Goes Free

Here's a riddle for you: who causes $10 billion worth of damage and walks away, Scott free?The alleged author of the ILOVEYOU virus, of course!Charges were dropped Monday against Onel de Guzman because the Justice Department claimed the charges did not apply to computer hacking, and there was not enough evidence to back them up.de Guzman claims he may have released the virus by accident, but denied that he had anything to do with actually writing the virus.
Community News

Shaky Ground: The Impact of KPMG Stock Offering

As reported earlier this year on AccountingWeb, KPMG filed for a potential IPO last May to fund its technology consulting practice, and is now in the midst of negotiating terms for the offering with Morgan Stanley Dean Witter.What is the impact of such an offering? While KPMG hopes to raise $2.5 billion, analysts are skeptical that Wall Street will receive the stock sale with open arms.First, buyers have to get past the often-perceived stodgy mindset associated with a Big 5 firm.

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