Found Money Not Fun Money


SURVEY SAVVY

orty-eight percent of U.S. households with $1 million or more in investable assets planned to invest rather than spend their 2005 holiday bonuses. Of those surveyed, 16% received an average bonus of $49,600.

Less affluent households, with at least $250,000 to invest and/or $150,000 in income, said the same: 45% opted to invest. Average bonuses for 17% of them were $21,500.

Of those with less than $250,000 to invest and $150,000 or more in salary, 42% planned to invest their bonuses, which averaged $18,000 for 25% of this group.

Source: Phoenix Marketing International, www.phoenixmi.com .

SPONSORED REPORT

2019 State of Financial Reporting Survey

We surveyed nearly 600 finance and accounting professionals on their month-end close and reporting processes. See the results.

VIDEO

What RPA is and how it works

Robotic process automation is like an Excel macro that can work on multiple applications, says Danielle Supkis Cheek, CPA. RPA can complete routine, repetitive tasks such as data entry, freeing up employee time from lower-level chores.