Accounting And Finance Blog | Accounting Principals

June 21st, 2017 by Accounting Principals

Productivity Faux Paus to Avoid

Life in the accounting and finance world is fast, hectic and constantly changing. This is especially true during high demand cyclical periods like tax season and year-end close, when the stakes only get higher, and the stress only gets worse. Creating an environment that encourages and facilitates performance, productivity and positivity amongst your employees is essential to making sure your business keeps pace. Unfortunately, many businesses stumble. This leads to workplace dysfunction.

June 14th, 2017 by Janet Berry-Johnson

The Real Cost of a Hiring Mistake

Entrepreneurs and human resource managers obsess over hiring. To find people with the best skill set and cultural fit, hiring managers analyze handshakes and resumes, invest in personality assessments, and engage in internet sleuthing. Yet despite these efforts, bad hires happen. In fact, according to research by Glassdoor and the Brandon Hall Group, 95% of companies admit to recruiting the wrong people each year. And more than one-third admitted that they were unaware of how costly hiring the wrong person can be.

June 7th, 2017 by Accounting Principals

How To Position Yourself for a Promotion

You’ve probably worked with this person before. The one who rises through the ranks of the company with ease. While their ascent may appear effortless, they’ve most likely mastered the art of getting a promotion. If your annual review is approaching, don’t wait until the scheduled date to make your case. Act now to make sure when the time comes, there’s no doubt in your manager’s mind that you are ready for the next level.

June 2nd, 2017 by Accounting Principals

138,000 Jobs Added in May

The latest From the BLS Employment Report: The U.S. economy added 138,000 jobs last month. With the release of this month’s BLS report, the employment situation shows a steady recovery. Unemployment has now reached a 16-year low. The rate dropped to 4.3% in May — its lowest level since May 2001. So far this year, the U.S. has added 810,000 jobs. Since February, the first jobs report under President Trump, the U.S. has gained 594,000 jobs.

May 31st, 2017 by Janet Berry-Johnson

Too Proud to Quit? Too Unhappy to Stay?

Is something keeping you in a job you hate? Are you suffering under a boss you can’t stand because you like your coworkers and don’t want to abandon them?

May 24th, 2017 by Janet Berry-Johnson

Take Advantage of the Talent Shortage, Work with a Recruiter

As an accounting or finance professional with the right mix of skills and experience, you’re a hot commodity. The talent shortage in the industry is making hiring harder for employers, but this demand presents an opportunity for candidates. Companies are increasing salaries and offering better benefits. Generous bonuses and greater professional development opportunities are more commonplace. Here’s a look at why, even in a job market that favors employees, working with a recruiter is more valuable than ever.

May 16th, 2017 by Janet Berry-Johnson

How to Find the Right Career Mentor

One of the best ways to learn the ropes at a new workplace or to take your career to the next level is by finding a mentor. Studies have shown that people with mentors earn higher salaries, are promoted more frequently, and report higher job satisfaction than those without. Some companies offer formal mentoring programs, while other mentor relationships may grow organically at work or school.

May 10th, 2017 by Janet Berry-Johnson

Accounts Payable Fraud: Is Your Business Protected?

Think about all the money that flows out of a business. Payments go to vendors, suppliers, utilities, and rent. And every dollar that a company spends goes through Accounts Payable (AP). For this reason, AP is vulnerable to fraud from inside and outside of the business. What is accounts payable fraud?

May 5th, 2017 by Accounting Principals

211,000 Jobs Added to the Economy in April

The latest From the BLS Employment Report: Job creation in April soared to 211,000 while the unemployment rate fell to 4.4 percent, its lowest since the recession. So far this year, employers have added an average of 174,000 jobs. The average hourly earnings of private-sector workers grew 2.5 percent in the last year. This marks steady growth after a lackluster March. The boost in jobs growth confirmed that the tepid March numbers were a weather-related aberration, said Tony Bedikian, head of global markets for Citizens Bank.

May 3rd, 2017 by Janet Berry-Johnson

Changes Coming to Credit Score Calculations

Consumers with debt have something to look forward to in the Fall of 2017: a new version of VantageScore. This credit scoring model was introduced in 2006 by the three major credit reporting companies. The new credit score system, VantageScore 4.0, is supposed to provide more insight into a consumer’s use of debt and the risk a lender may be taking on by extending credit. How is the new model different?

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