SEC Withdraws Controversial Crypto Tax Accounting Bulletin The SEC published a new staff accounting bulletin rescinding SAB 121, which set certain rules for financial firms wanting to hold crypto.

Stick with current job, or go be an Accounting Manager for 600/month extra after health insurance increase? (23/TX) I’m 23 (turning 24 soon), engaged, and my fiancée is a stay-at-home mom with our baby boy. We’re saving for a house, and I’m working on my CPA goals. Right now, I’m a financial analyst at a hospital making $75K. It’s just me and my boss handling accounting for the location, so it’s a small setup. The role is new, and my training has been kind of…

Whay laptop should i get for photography, school and accounting? So im going into grade 11 and i am starting to get serious with my photography and school so i need a laptop that will last me all day but also run photo mechanic, lightroom and photoshop while also starting my accountant evet i can do a budget of between 1000-1500 aud and i was looking into macbooks but they get pricey quickly submitted by…

E-commerce -Accounting and finance Integrations? Am an E-commerce bookkeeper and CPA, focusing on how the E-commerce platforms integrate to accounting softwares to make the process seamless, and my question is how are some of you simplyfing this process? With each client comes a new set of challenges which makes me wonder; this must be one of the most daunting tasks for E-commerce business own…

Crypto Daybook Americas: Bitcoin Tops $106K as New Accounting Rule Takes Effect Your day-ahead look for Dec. 16, 2024

Accounting & Finance / Fractional CFO Hire – Thoughts? Hey all! I run a growing DTC eCommerce clothing business based in the UK. We’ve had a very basic accountant for the last 2 years that does the very bare minimum. We’ve raised funding recently and we’re looking to scale aggressively. I’m thinking about hiring an agency/practice that is business-savvy to help us: bookkeep meticulously well acros…

Shop vs WMS vs Accounting I feel like I’m missing the obvious here. 😅 So we recently “elevated” our company to use a WMS (SkuVault) instead of QuickBooks Desktop Enterprise, to separate finance from fulfillment – but I can’t quite wrap my head around the loop of who does what and when.. So if an order is placed on say.. Shopify – Shopify syncs that into the WMS for fulfi…

Accounting and Paperwork flow Recently started selling online through chat groups etc, I don’t yet have a website. I need automation where 90% of the work is done through online order entry by the customer, with the order information flowing to an accounting system, and shipping labels (99% postal system) are automatically created. I use QuickBooks desktop, but would be will…

D750 – accounting for mid light in ISO, F And Shutter Speed, yet still struggles? I’m sort of at my wits end here. I have a d750 and mostly use my sigma 50mm 1.4 and 70-200mm 2.8. I can go out in mid afternoon autumn overcast light (so every so slightly starting to fade but otherwise pretty bright) in a brightish forest where most leaves have fallen, the whack my ISO to 3200, my f stop to open (either 2 for the 50 m or 3.5 or…

When can I actually retire? What missing expenses am I not accounting for? Hey folks. I’ve read the wiki too many times and lurked these subreddits for a long time. I’ve even set up a spreadsheet to record all of my salary increases, net worth increases (401k, stock market investments, house equity, etc), debt, etc, and projected out estimations year to year so I can estimate when I could retire if nothing major happen…

For accounting purposes, how do you log returns? I keep a spreadsheet that I update end of day with a profit/loss/sales sheet. My question is, how would you deal with returns? Would you go back a day on your spreadsheet and remove the product from your previously completed end of day sheet? Because if I then re-sell that product, it will appear as sold twice in my records even though I only pr…

Challenges with Accounting It has been a year since I started my ecommerce biz and I am having issues with keeping track of my books with QuickBooks… It is so complicated, time-consuming, and some of their features like inventory is not specific enough. I would like to hire an accountant but its so expensive to do that as well. Anyone else having this issue? Anyone els…

Compound interest while accounting for monthly withdrawals I’m trying to determine if it makes financial sense to pay off my auto loan or to try and beat it with savings interest. I know there are calculators but I wanted to try it by hand. Here are the figures: Current principal: $15,000 (let’s assume this is the exact payoff amount) Loan interest rate: 5.69% Loan monthly payment amount: $420.69 M…

Making accounting sexy again The profession needs a makeover to attract newcomers

U.S. SEC Messed Up in Handling Contentious Crypto Accounting Bulletin: GAO The U.S. Securities and Exchange Commission (SEC) was out of bounds when it issued its controversial “Staff Accounting Bulletin 121,” according to the Government Accountability Office (GAO). The 2022 guidance, which the industry says threatens crypto investors’ ability to find safe harbors for their assets, should have been treated as a formal r…

Is there a way to automate Xero accounting for Woocommerce, Stripe, and Paypal where it can automatically associate the payment with the Woocommerce order? I am wondering if this line of thought is even possible. Right now, I have everything integrated… but the question is if I can get it to detect one thing from another so that I can easily categorize the sales income. Is there any way to do this? submitted by /u/Imperceptions

E-Commerce Accounting Software I find that there’s a lack of a accounting software specifically designed for e-commerce businesses, all existing solutions such as (QuickBooks, Xero, Zoho etc) are all feature bloated and do not necessarily cater to specific needs of those running e-commerce businesses, I’m interested what do you guys use and why? what’s your experience? and wh…

Desperately need e-comm accounting accountant / integration specialist (A2X, QBO, Amazon, Shopify, Zoho, etc) We acquired an ecomm company that does $10-15mm in revenue and their books are a disaster. High transaction volume (low cost item) Sells on shopify, Amazon (through FBA, through brick and mortar dealers, and distributors Uses a 3PL for storage and fulfillment Has no formal inventory system set up other than using QBO as a pseudo inventory syst…

Invoices? Accounting help? Are you using anything to create invoices? QBO seems super clunky – there’s got to be something easier. submitted by /u/sb_seeker

FASB’s Crypto Accounting Shakeup Could Lure More Corporate Investment, Michael Saylor and Others Argue The U.S. accounting standards board yesterday unanimously voted in favor of “fair value” accounting for crypto assets held on corporate balance sheets.