Tech News: Ledgible improves transaction table

Tech News: Ledgible launches transaction table

Published December 8, 2023 10:51 AM

Updated December 8, 2023 2:28 PM

1 Min Read

Ledgible improves transaction table; Wolters Kluwer's emissions reduction targets validated by SBTi; and other updates from the accounting technology world.

Ledgible improves transaction table

Crypto accounting solutions provider Ledgible upgraded its advanced transaction table, underscoring the industry's increased focus on providing digital asset reporting tools for accountants and tax professionals. The transaction table provides additional context around digital asset transactions and providing clear audit paths for organizations. A new advanced categorization engine streamlines the process of working with large quantities of transactions in bulk. Enhanced memorization functionality and cost basis assignment tools give users access to reporting functionality, all within the Ledgible platform. The new features streamline the 1099 reporting process, enabling clients to sort, calculate and categorize digital asset cost basis with integration into their existing tools. Ledgible's vice president of tax information reporting Jessalyn Dean recently provided testimony to the IRS regarding proposed crypto tax regulations. A team of Ledgible experts also submitted a 19-page comment letter to the IRS on the proposed regulations.

Wolters Kluwer's emissions reduction targets validated by SBTi

Wolters Kluwer HQ

Business and finance solutions provider Wolters Kluwer announced that the Science Based Targets initiative (SBTi) has approved its near-term science-based emissions reduction targets. Wolters Kluwer said it's committed to minimizing its impact on the environment, in line with the COP21 Paris Agreement and the COP26 Glasgow Climate Pact on limiting global warming. The company also committed earlier this year to set long-term emission reduction targets with the SBTi in line with reaching net-zero emissions by 2050. Based on the company's green house gas assessment, Wolters Kluwer has developed abatement plans to reduce GHG emissions in line with a pathway to limit global warming to 1.5 degrees Celsius. The validated emissions reduction targets are: Reduce absolute scope 1 and 2 GHG emissions 50% by 2030 from a 2019 base year; and reduce absolute scope 3 GHG emissions 30% by 2030 from a 2019 base year. The company's Scope 1 and 2 GHG emissions reduction target is mainly related to energy consumption from its offices, and the Scope 3 GHG emissions reduction target covers value chain emissions from purchased goods and services, capital goods, upstream transportation and distribution, business travel and employee commuting.

Other news

Client engagement portal Suralink partnered with accounting data provider Validis to enhance the platform's data ingestion capabilities for tax, audit and advisory engagements. Validis will connect to the Suralink platform, creating access to fully standardized accounting data from businesses' accounting packages. … Corporate expense management solutions provider Center announced a Series C funding round, bringing the company's total funding to over $140 million. The funding will be used to develop new capabilities that address customer pain points of rigid "one-size-fits-all" expense management and travel solutions; create an open platform targeted at both B2B software developers and financial institutions that will offer client libraries and APIs that enable third parties to embed card and expense management features into existing workflows; and accelerate growth in the United States. … Accounting automation solutions provider Docyt announced that Baglan Rhymes Gurel has joined the company as chief marketing officer, and Darren Genstil has been appointed to the role of chief revenue officer. These key hires significantly expand Docyt's executive leadership team and position the company for continued growth in key small and medium business market segments.