Tags: Accounting

Xero takes huge step on US payroll

Xero has announced another significant step towards full payroll compliance for is US client base. It is delivering support for draft previews of W-2 and 944 forms using live data. Historically companies have had to wait until January when the forms are available to view, confirm and file.  The problem was that with the filing date…

Has Sage unified its fleet of solutions?

Sage has announced the advent of Sage Business Cloud. It was launched under the tagline: “The One and Only Cloud Platform Designed for Every Stage of Customer Business Growth”. The question is, whether this is marketing hype over substance. Sage has a history of acquiring applications and rebranding them with similar names without actually unifying…

Deloitte admits email breach

One of the “big four” accountancy and consulting firms, Deloitte, has admitted one of its systems has been breached. The breach was detected in March but has only just become public. Attackers were able to access email and see all emails between Deloitte and its customers. Deloitte says that it has used the time between…

How will business owners switch off on their vacation?

Today is Labor day in the US, traditionally a day when the strengths and contributions of labor unions to the US economy is celebrated. For small business owners though it is rarely a day of rest. Research by accounting company Xero showed that only 14% of them actually completely checked out from running the business during their…

Business Leader interview Rob Reid, CEO Intacct

Rob Reid was the CEO of Intacct before its acquisition by Sage.  Now MD and EVP at Sage Intacct he is looking forward to the future.  Reid has more than 30 years experience in the software industry. He has held several CEO positions and was a Gold winner in the prestigious CEO World Awards in 2014.…

Foreign currency risk and its management

UK companies, big and small, deal with overseas customers and suppliers. This means they often have to pay suppliers in foreign currency. Unless exchange rates are fixed, there is risk. With Brexit and overall international uncertainty, this is becoming a key issue for businesses. I briefly look at the two main types of currency risks…

Xero adds automated Stripe reconciliation

Xero has implemented automatic reconciliation for Stripe transactions. The two companies are already partners and this latest announcement tightens the integration between the two solutions even further. How Stripe reconciliation works Stripe reconciliation takes advantage of another of the Xero innovations, automatic bank feeds. When the Stripe payment comes through the bank feed Xero will match all…

Sage buys cloud accounting software firm Intacct

Sage has surprised the market by announcing the acquisition of Intacct Corporation for a total amount of $850million (£654million). The transaction will see Sage boost its presence in the enterprise market with the acquisition of the cloud software company. Did Sage pay too much? Besides the fact that this deal was kept very quiet until…

FinancialForce to expand development teams

FinancialForce has announced a major expansion of its Granada office. The company bases much of its R&D in the Spanish city and will grow the number of employees there significantly. There are already 17 jobs available in the office which has more than 50 employees. While FinancialForce did not want to reveal the exact numbers the…

Sage opens up Start-up exchange competition for North East

Sage has announced a new competition for start-ups that will see the winners win a visit to Atlanta. Oddly while the press release talks about an exchange programme, there was no announcement visible about a similar competition in Atlanta. Not completely open Interestingly, the competition is not completely open to any start-up. Sage wants the…