Product News: Thomson Reuters Checkpoint adds guidances
Thomson Reuters Checkpoint now includes guidance on business combinations
Thomson Reuters has added a new topic to its Checkpoint Catalyst: US GAAP information platform. Accountants can now access guidance on business combinations, a complex, transaction-dependent area of accounting and financial reporting. The new content incorporates analysis of Topic 805, Business Combinations, of the FASB Accounting Standards Codification, which is the authoritative accounting and reporting guide for business combinations under US GAAP. It also includes coverage of how Topic 805 interacts with other technical areas of the codification, such as guidance on consolidation (the concept of control), fair value measurements, income taxes, and share-based payments. For more information, click here.
QuickBooks Online releases July updates
QuickBooks has made two updates to QuickBooks Online for July. The first is the ability for QBO Plus users in the United States to manage projects directly within the platform. Projects allows users to organize all pieces of a project in one location, including associated transactions and time spent on the job. Projects also keeps track of profitability. Secondly, users can now perform partial purchase orders inside QBO — they can link a bill, check or expense to a portion of a purchase order instead of the whole thing, which is hoped to make it easier to keep track of transactions and see up-to-date expenses and inventory.
Wipfli earns Microsoft Partner award
Wipfli LLC, which is no. 22 on Accounting Today’s 2017 Top 100 firms list, has been named 2017 US SMB Microsoft Dynamics Central Regional Partner of the Year by Microsoft’s U.S. Small and Mid-sized Business (SMB) Group. The award recognizes the U.S. SMB partner that has demonstrated key competitive Microsoft Dynamics 365 wins achieved in Central region. “Together with Microsoft, we help clients drive their growth and success by developing new ways to leverage technology to solve business problems,” said Terry Kerscher, a partner at WipFli, in a statement. The Microsoft Partner Network is designed to equip organizations that deliver products and services through the Microsoft platform with the training, resources and support they need to provide their customers superior experience and outcomes.