Accounting Technology articles from August 2007

Accounting Technology archives from August 2007

The In-Crowd and Document Management.
August 1, 2007... "Do most accounting firms have document management systems?" was the question asked at a recent workflow Webinar conducted by the Accountants Media Group. Since workflow and document management are inextricably linked to the...

Practice Development News.
August 1, 2007... HITACHI CONSULTING BUYS ITERATION2 Hitachi Consulting has acquired Iteration2, an Irvine, Calif.-based reseller that specializes in Dynamics AX. Iteration2 had $27 million in revenue and employed 106 in 2006. It sells the Dynamics AX...

Accounting News.
August 1, 2007... NETSUITE FILES FOR IPO NetSuite is seeking to raise $75 million as the San Mateo, Calif.-based company filed its S-1 registration for a long-talked-about initial public offering. The SEC form shows that the online software company lost...

Tax & Financial Planning News.
August 1, 2007... INTUIT MOVES CFO Kiran Patel, who became CFO in 2005 after Robert "Brad" Henske took over as GM and SVP for the company's TurboTax operations, has now taken the TurboTax job as Henske is leaving the company. Henske has taken a...

Show Calendar.
August 1, 2007... AUGUST 21-22. Business & Technology Solutions Show, Illinois CPA, Society, Donald E. Stephens Convention Center, Rosemont, Ill. www.icpas.org/insight/media/ show.htm. AUGUST 21-23. IRS Tax Forum, Rio All Suites, Las Vegas....

Accounting Technology September's Coming Attractions.
August 1, 2007... Handing Off Technology Outsourcing can arouse a lot of passions. It can also make a business's life easier and save a lot of money. Budgeting Software Review Can budgeting software help accountants break the Excel habit? The...

A Small World: Multicurrency and multilanguage software translate to financial reporting success.(Company overview)
August 1, 2007... John Francis' clients deal in rupees and shillings, but when it comes time for these nonprofit and government organizations to report back to their funding sources in the states about how they allocated grants, they have to do so in U.S....

Compliance Conundrum.
August 1, 2007... As if companies didn't have enough to worry about making sure they are converting currencies appropriately so they don't lose money, they must also adhere to requirements set forth by the Financial Accounting Standards Board. FASB 52 sets...

Time is Money: Time and billing software is about a lot more than time and billing.
August 1, 2007... Before switching to LexisNexis' Time Matters six years ago, CPA firm Fenstermacher & Co. was manually tracking its time and billing, which not only proved to be time consuming but likely resulted in unaccounted for revenue and time spent-or...

Intuit on the Prowl.
August 1, 2007... While Intuit does not offer a time and billing application, the fact that it serves a large percentage of the small and midsize accounting firms make it fertile ground. And while Intuit isn't ready to announce a T&B product, it's clear...

Time and Billing's Former Champ Gets New Life.(Sage Software's Timeslips 2008)
August 1, 2007... When Sage Software announced earlier this year that it was restructuring its business to create two new divisions, some industry observers may have wondered where this leaves Timeslips, a time and billing solution that has been an industry...

Write-Up Is Dead, Long Live Write-Up: The death of write-up is greatly exaggerated.
August 1, 2007... For years, the death of write-up services has been predicted by many who felt the labor-intensive service to be too low end to be worthwhile to most CPA firms. These services were thought to be lower-end services easily replaced by accounting...

The Power of Plastic: Resellers and accounting firms can get a cut of the credit card pie.(Company overview)
August 1, 2007... The involvement of TBC International, an Open Systems and SAP reseller, in the credit card business is not spectacular. The company has written a utility that enables TBC to add processing through Payment Processing Inc. to the Open Systems...

The MIS Group Plays Guinea Pig.
August 1, 2007... The MIS Group, one of Sage Software's largest resellers, is not deliberately choosing to be the experimental subject for determining if VARs can sign up customers for payroll processing. But it's probably going to work out that way since...

McWilliams & Associates: Receivables? What Receivables?
August 1, 2007... Referring clients to a credit card processing service may be good. But accepting credit card payments for services is even better in the eyes of Bonnie Nagayama. Nagayama, a CPA with Moraga, Calif.-based McWilliams & Associates, is a...

New Products.
August 1, 2007... EVAULT PLUG-IN The EVault VMware Plug-in offers EVault Protect Software-as-a-Service and EVault InfoStage disaster recovery protection for all major operating systems, applications and files. It automates specific regulatory...

Cabinet NG Pushes Paperless.
August 1, 2007... Cabinet NG keeps tabs on its channel before resellers even sign a deal. About 70 percent of leads go through the channel, and the vendor keeps prospect folders on each reseller to ensure it doesn't interfere if someone with whom they've...

Advertisers' Index 8/07.
August 1, 2007... Ad Appears Advertiser on page CCH Tax Group C4 Drake Software 7 Epson 3 PayCycle 14-15 Sage Software 8-9 ...

Intuit's Mid-market Head: Genuine Angus.
August 1, 2007... Angus Thomson is the man minding the mid-market. He came to Intuit from the Boston Consulting Group about 18 months ago as vice president of corporate strategy responsible for helping guide Intuit's overall strategic direction. Thomson took...

Editor's Note: More Than Once A Year.
August 1, 2007... As you may already know, it was a banner year for e-filing. The IRS advises that this 2007 tax filing season set a number of electronic records, highlighted by more than 76 million electronically-filed individual tax returns and more than 140...

Observations of the Year.
August 1, 2007... Clearly, e-filing was a dominant issue and clearly, client reluctance was still apparent. "I like the old fashioned way" and "This gives the government a lot of my financial information" were two comments widely heard. I especially like that...

A Challenging But Highly Successful Tax Season.
August 1, 2007... Tax season 2007 was a challenge, to say the least. Last August, CCH, a Wolters Kluwer business, purchased ATX/Kleinrock, with nearly 45,000 customers in the small CPA and accounting industry. In November, CCH acquired TaxWise, with nearly...

Web Integration Drives Productivity and Control.
August 1, 2007... Over the past 10 years rapid expansion of the Internet has touched every form of business, including the tax and accounting industry. Everyday we are seeing the industry becoming more competitive and the new leaders are seeking greater...

Avoid These Costly Mistakes.
August 1, 2007... Reviewing lessons learned from the past season is a great way to avoid similar "surprises" next year. By taking the time now to go over these issues with your staff, you may be able to avoid them next year. MISSING THE APPLICATION OF THE...

Delivering Service/Enhancing Productivity Tools: The ability to outsource year-end write-up and bookkeeping work frees precious internal resources.
August 1, 2007... Xpitax LLC, a leader in providing outsourcing services to the accounting industry, has delivered new productivity tools and enhanced its service offerings to help CPA firms better utilize in-house resources and focus on more value-driving work...

Partner for the 2007 Tax Season.(Thomson Tax & Accounting's Checkpoint)
August 1, 2007... Once again this tax season, practitioners were able to research with confidence and efficiency using Checkpoint(r)-Thomson Tax & Accounting's market-leading online tax research platform. The integration of in-depth primary source information...

Reclaiming Tax Season: We believe our most valuable asset is the people who work for us.
August 1, 2007... Spring tax busy season has ended. What were our successes? What areas of improvement do we target for next year? The conclusion: focus on our people. Middle market firms, including ourselves, have seen significant growth over the past few...

Take the Help Where You Can Get It.
August 1, 2007... Accountants are becoming more and more involved in payroll on behalf of their small business clients. As technology evolves over time, the burdens of payroll administration lessen, allowing more accountants to offer this service as a way to...

Workflow Automation Software Delivers.
August 1, 2007... Now in its fifth version, XCM Solutions' hosted workflow and information automation software offers CPA firms of all sizes powerful tools to manage all of their internal processes and ensure the execution of best practices throughout the firm....

On Target.
August 1, 2007... For the third consecutive year, Orrtax Software Solutions was the first electronic transmitter to deliver IRS Acknowledgements and RAL Checks to customers, kicking off the company's most successful tax filing season ever. Being first on the...

Prepare Now for 2008 Tax Season.
August 1, 2007... Reduce your taxes and build your wealth. That's the key message Gilman Ciocia, a leading provider of tax and financial planning services, is conveying to American taxpayers at the mid-way point of 2007. The company's philosophy is to look...