SMARTVAULT MANAGES DOCUMENTS FOR QUICKBOOKS

SmartVault unveiled the latest version of its online document management service for QuickBooks. The new release is designed for accountants who provide client bookkeeping. It integrates document management into the client bookkeeping workflow.

The new system enables accounting professionals to manage multiple clients from a single interface and receive a single bill for all clients, with volume discounts up to 20 percent. Users can organize all of their paper and client correspondence with the system, including documents, reports, e-mails, notes and photos. Documents are available from within QuickBooks and can be accessed at any time using a Web browser.

Accountants can also set up an inbox to give administrative staff and clients who don't use QuickBooks the ability to scan and upload documents.

Client vaults can be set up for $19 a month. SmartVault provides a single client user with access to QuickBooks and the portal. It also offers unlimited inbox-only users, and storage for up to 1,000 documents.

For more, visit www.smartvault.com.

BIGGEST COS. READY FOR XBRL

Two thirds of the 500 largest public companies are prepared to begin complying with a Securities and Exchange Commission requirement that they file their financial statements with interactive data-tagging technology XBRL, according to a new survey.

At least 340 of the first 500 companies are ready to file in XBRL format, according to XBRL US, the nonprofit consortium that promotes and sets standards for XBRL in the U.S.

The first companies required to file in XBRL format were the 500 largest companies with a worldwide public float of at least $5 billion. They are supposed to start filing in XBRL beginning with the fiscal quarter ending on or after June 15, 2009.

NEW COMPLIANCE TOOL

BizActions, a provider of electronic newsletters for CPAs, has released its Compliance Center - an application that lets firms manage tasks associated with Section 7216 on the disclosure of client tax information, as well as other compliance activities.

The Compliance Center provides a paperless solution to manage all types of client consents. The system allows users to create custom consent forms and embed forms within a personalized e-mail to clients. Clients can electronically sign forms, complete with a time stamp, and press a submit button. All activity is tracked and monitored within the Compliance Center.

For more, visit www.bizactions.com.

(c) 2009 Accounting Today and SourceMedia, Inc. All Rights Reserved.

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