Where to Get the Best Accounting Resources? The accounting industry is an ever-changing field. Some practices that might be effective for your clients last month may no longer work this month. Regulations regarding taxations, new laws and policies are also being released constantly, which means you should be updated with the latest trends so your client’s finances won’t get left behind.
Hence, knowing the basics of accounting and being good at what you do is not enough. You need to constantly upgrade your skills, update your accounting knowledge, and be open to continuous learning. And there are actually several ways to do that.
Your first option is to go to school and get a higher degree in accounting. This would definitely be the best choice if you have the time and the budget. But if you’re currently working while managing a family at the same time or you don’t have the budget for your tuition, you can turn to online resources. There are several accounting resources on the internet to help you improve your skills and add to your accounting knowledge.
Let’s look at some of the best accounting resources online:
1. American Institute of CPAs
The AICPA website is a good source if you want to know the latest in the accounting industry, especially if you’re located in the US or you have clients there. Though the name implies that it is exclusively for CPAs, it also provides information that relates to all accounting professionals around the world. Being the largest professional organization internationally that is dedicated to accountants, it has a lot of resources that all businesses, accountants, and would-be accountants can benefit from. If you’re considering joining this profession, you will find a guide on how to get started, along with a list of available scholarships. Professional accountants can also find the latest research and publications about various aspects of accounting.
2. Australian Accounting Standards Board
If you want to focus on Australian accounting, you can go to the AASB website to get the latest information on accounting standards and other related pronouncements. It also has a Research tab where you’ll find the latest industry studies that would help professional accountants and business owners update their accounting information.
3. 360 Degrees of Financial Literacy
This user-friendly accounting website provides general accounting information not only for accounting professionals but small business owners as well. It uses layman’s terms to explain various topics, from dealing with student loans to how to survive an IRS audit. 360 Degrees of Financial Literacy
4. Accounting & Business Magazine
If you’re looking for technical information on accounting, global industry news, and accounting tips for businesses, the AB magazine should have what you need. It is a printed publication distributed by the Association of Chartered Certified Accountants or ACCA, but its website is also a rich source for those looking for information online. It caters to professional accountants around the world, and the articles discuss a variety of subjects, from the role of AI in the industry to how to diversify your workplace. If you’re looking for more frequent updates, you can subscribe to the Accounting & Business Direct, a weekly newsletter that offers more updated information.
5. Accounting Today
This well-known trade magazine first came out in 1987, which makes it one of the longest-running accounting magazines today. And though the Accounting Today print version still has a wide distribution, the website also has a lot of articles that provide information on different topics, including taxation laws, latest accounting standards, useful technology, audit and assurance, and wealth management. Aside from this, the accounting magazine has a wide network of contributors, comment forums, and a broad collection of information on accounting.
6. Accounting WEB
Just as the website name implies, Accounting WEB is a rich source of accounting information, providing practical information on a wide array of topics, from choosing your cloud-based software to managing your remote staff to measuring your marketing ROI. The broader topics are broken down into subcategories to make it easy for the readers to find the information that they need.
7. FEI Daily
The Financial Executives International website offers the latest news and analysis of the finance industry trends, including accounting. Although FEI is a membership-based organization, FEI Daily has a library of updated information on a variety of industry topics.
If you’re familiar or have used QuickBooks, TurboTax, and Mint, then you probably know Intuit, the force behind these popular accounting programs. The Intuit blog offers practical and useful information for both businesses and individuals, with topics ranging from how to communicate in the workplace to the role of AI in making financial decisions. You can also visit the individual blogs of the above programs for specific information.
9. Small Business Taxes & Management
This resource website caters specifically to small businesses. It is perfect for businesses that want accounting information that they can use in everyday business operations. There is fresh content every single day, and the articles range from tips, editorials, useful forms and tables, latest news, and new accounting trends. What makes this website special is that you can write in specific questions which they try to answer either via email or in the next article.
Xero is another popular accounting software, and its blog also has a wealth of information accountants and business owners will find useful. It is more than a good resource for users of the Xero software. You can also find a lot of information on a variety of topics, including payroll, deductions, best CRM systems, and other accounting tips for your team.
Keeping up with the recent trends and changes in the accounting industry can be challenging if you don’t know where to look. Whether you’re a business owner, an accountant or an accounting student, the resources above should keep you updated and well-informed about the latest in accounting.