Archive for Clients

Everything You Need to Know About Cryptocurrency Accounting

When Bitcoin came to life in 2009, few people outside of computer programmers took note. But since its shadowy beginnings, the idea of cryptocurrency has gone mainstream. Despite the collapse of one of the largest bitcoin exchanges, cryptocurrencies have drawn the interest of everyone from criminals taking advantage of its anonymity to large financial institutions looking to cut international transaction costs. Cryptocurrency opened the world’s eyes to the flaws in our current system for exchanging value and keeping track of those exchanges.

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The Gender Gap in the Finance Industry

In the U.S., the average woman working full-time makes just 80.5% of what her male counterpart makes. Individual choices and personal preferences on the part of workers partially cause this disparity. One Harvard study from 2018 found that the female workers within their study favored flexibility, work/life balance and family leave more than the men in the study. The men in the study favored the marginal wage increases in exchange for working more and/or less favorable hours and shifts.

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What to Look for When Hiring an Accounting Manager

In businesses of a certain size, it’s crucial to have someone to act as a buffer between the Chief Financial Officer or Controller and staff accountants. That someone is typically an Accounting Manager, and the position requires a unique mix of qualifications. Accounting Managers need to have in-depth knowledge of everything having to do with financial reporting, managing the work of other accountants and communicating with financial executives. Here’s an idea of what to look for when hiring an Accounting Manager.

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In the war for top talent, here are a few hiring tips to consider

With employers struggling with hiring in a tight job market, many are rethinking their requirements to fill roles. There’s a lot of competition for top talent, so skills and experience that were deemed essential just a few years ago are now considered “nice to have” rather than necessary. So how should hiring managers respond to a climate in which talent is increasingly scarce?

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Hire Fast, Help Your Business

A tight labor market and increasingly choosy candidate pool is creating a sense of urgency among employers to hire quickly, or lose top talent to their competitors. As unemployment continues to drop, candidates have additional career options and are more willing to leave their jobs for what appears to be greener pastures. This exodus of qualified professionals can be expensive—and stressful—for all companies involved. So, who are the most eligible candidates, and how are businesses quickly engaging with them?

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Career Advancement for Accountants

The accounting profession is constantly evolving and incorporating new practices, technologies, and trends. You’re always learning new things at work, but it’s also important to keep your skills relevant with a combination of education and professional development. This is crucial to establishing and advancing within your accounting career. According to Accenture, 80% of accounting and finance tasks will be delivered with automation by 2020.

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Succession Planning: How to Identify Leaders

For an organization to grow and continue to meet its goals, it needs a plan in place to identify and develop leaders. Many companies have programs in place for leadership development, but to properly identify leaders is perhaps even more important. It can also be more challenging. When companies identify leaders early in their careers, they have more opportunities to develop their skills. Good leaders are cultivated over a career, not in a period of one to two years, so it’s crucial to start early.

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