Accounting
-
Blog
The Macy’s accounting disaster: CIOs, this could happen to you.
The Macy’s accounting nightmare is only getting worse, with the $24 billion retailer telling the SEC on Wednesday that both its annual report from last year and its auditor report “should no longer be relied on.” Although the amount “hidden” was only $151 million — at the high end of Macy’s original estimate of “$132 million to $154 million” — the retailer…
Read More » -
Blog
Data breach at Louisiana accounting firm compromises SSNs and finances
Accounting firm Wright, Moore, DeHart, Dupuis & Hutchinson this week confirmed it notified thousands of people about a July 2023 data breach that compromised names, Social Security numbers, financial account numbers, credit and debit card numbers, medical info, driver’s license numbers, and addresses. The notice (PDF) states, “On or around July 11, 2023, WMDDH became aware of unusual network activity…
Read More » -
Blog
5 Best Retail Accounting Software for 2024
You probably don’t need us to tell you that growing a retail business depends on having the right software tools for handling payments and financials. What might not be so obvious is how costly it can be if you choose a solution that doesn’t meet your needs. Retail is a very broad term, and the concerns of an online-only ecommerce…
Read More »