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April 30, 2009

Publisher's Note
We all know that the U.S. automobile industry is in a world of hurt.  Grant Thornton LLP estimates that 3,800 of all of the country’s more than 20,000 dealerships would need to close to maintain sales per dealer at 2008 levels.  Staggering. 

In 2008, 881 U.S. auto dealerships, representing 4.2 percent of the country’s total number of dealerships, ceased operations in 2008 with GM, Chrysler and Ford representing 80 percent of that decline.

So, how are accounting firms that have automobile dealership niches doing?  Are they diverting internal resources into other established practice niches?  Creating new niches?  What are you seeing in the marketplace?

Rob Nance
AccountingWEB, Inc.

Questions & Advice

Office Accounting and BCM integration, items not refreshed

I am currently using Office Accounting 2009, with Outlook Business Contact Manager 2007. I started using Office Accounting Express 2008 and even tried the Professional edition, but after downgrading back to the Express version, never was able to get the items refreshed in BCM.
Add your input!

Converting Lotus 2.4 spreadsheets to Excel

I'm trying to convert a directory of many old Lotus 2.4 spreadsheets to Excel, with the intent of saving them in Google Docs, so they will become mobile, and I could then access them in any library.
Share your suggestions!

Forensic Accounting and Information Technology (IT) Controls

Oiling the People Machinery in Busy Season

Who Says Accountants Aren't Cutting Edge?

Pandemic Preparedness


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PCAOB issues fair value audit practice alert

The Public Company Accounting Oversight Board has issued a Staff Audit Practice Alert to inform auditors of public companies about potential implications on reviews of interim financial information and annual audits of three recently- issued Financial Accounting Standards Board Staff Positions (FSPs). more >>
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An Arkansas CPA firm has been selected as recipient of the 2008 Public Service for Firms Award by the American Institute of Certified Public Accountants. The firm was honored at the AICPA Spring Council Meeting in Washington, D.C. on April 26, 2009. Olivia Kirtley, chair of the AICPA awards committee, presented the award to Jim Phillips, managing partner, who accepted it on behalf of JPMS Cox, PLLC. more >>
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