Cash vs. Accrual Accounting
There are two forms of accounting used by small businesses - cash and accrual. The basic difference between the two methods is the timing of income and expense recording. The best method for your company depends on a variety of factors which include the nature of your business, its legal business structure, and whether or not you extend credit.

numia.biz Rolls Out Major New Feature Allowing Small Businesses to Create Their Own Look & Feel for Invoices.
ALAMEDA, Calif., Dec. 5, 2011 /PRNewswire/ -- numia.biz, a free online web accounting software as a service (SAAS) firm announced today that every small business can now shuck the shackles of only using existing pre-determined invoices as provided in pre-packaged software like Intuit's Quickbooks, Peachtree or MYOB. Using cutting edge HTML5 software like PHP, Javascript and AJAX, numia.biz has created a website that allows any small business with a browser to import their own logo and design their own look & feel of an invoice for free.  After the invoice has been created, it can be printed from any computer or emailed directly to the customer also for free.  In addition, small businesses can share the invoices they create with o ...

Dale Lieske: Accounting for the FairTax
A Friday letter to the editor, "Accountant debunks 'Fair'Tax," makes a lot of valid points against the FairTax, a proposal to replace all federal taxes with a national retail sales tax. However, I'm not sure whether a certified public accountant might not have a hidden agenda when it comes to a national sales tax or a flat-rate income tax. After all, much of a CPA's livelihood is based on federal and state income taxes, and as such, CPAs wouldn't want any flat-tax legislation passed.

AICPA and Brazilian Accounting Bodies Agree on Memorandum of Understanding
MOU with CFC and FBC to Advance Accounting Profession in the U.S. and Brazil /PRNewswire-USNewswire/ -- The American Institute of CPAs, the Conselho Federal de Contabilidade ("CFC"- Federal Accounting Council) and the Fundacao Brasileira de Contabilidade ("FBC"-Brazilian Accounting Foundation) announced that they have agreed to a Memorandum of Understanding.

Chicago Accounting Firm Porte Brown Continues Rapid Growth - Acquires Third Firm This Year
ELK GROVE VILLAGE, Ill., Dec. 19, 2011 /PRNewswire/ -- Bruce G. Jones, CPA and Managing Partner of Porte Brown LLC (), a Chicago CPA firm providing accounting, audit, tax, technology and wealth management services, announces that Porte Brown has acquired the firm of Meador Stratton, LLP, based in Highland, Indiana.

Massey Consulting to Present "Cloud Accounting in 2012 and Beyond"
RALEIGH, N.C., Dec. 21, 2011 /PRNewswire/ -- Massey Consulting (), specializing in Intacct financial accounting implementation, sales and support, is hosting a free webcast on "Cloud Accounting in 2012 and Beyond" on Wednesday, December 28, 2011 at 1:00 p.m.

Chicago Accounting Firm Porte Brown Names Krowczyk as New Partner
ELK GROVE VILLAGE, Ill., Jan. 4, 2012 /PRNewswire/ -- Porte Brown LLC (), a Chicago CPA firm providing accounting, audit, tax, technology and wealth management services, announces that Kelley Krowczyk, CPA, MST has been admitted as partner. Krowczyk is a Tax Partner on Porte Brown's accounting and consulting services team in the Elk Grove Village office.