Tags: Accounting

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…

Receipt Bank banks $50 million

Receipt Bank has raised US $50 million in a Series B funding round led by Insight Venture Partners. The announcement came in a blog by Henry Bell, content manager at Receipt Bank. Receipt Bank provides bookkeeping automation software and provides integrations to most of the major accounting solutions for small businesses. Its core features include…

FreshBooks boosted by funding round

FreshBooks has announced the completion of a Series B funding round. They raised US $43 million with an investment led by their previous minority vendor Georgian Partners. Other investors in the round included Accomplice and Oak Investment Partners, who led the Series A funding in 2014. As part of the agreement Simon Chong, managing partner…

Humanitarian aid experiments with blockchain

Start Network is partnering with Disberse in a social enterprise start up. Their aims are to: test blockchain in the delivery of humanitarian finance harness the potentially revolutionary potential of the technology that enabled the Bitcoin.. Ben Joakim, CEO and co-founder of Disberse said: “Disberse was born from an ambition to preserve and improve the…