Accounting software

Xero has revamped its “Starter” plans in the United States, prompted by the need to better support small and mid-sized businesses while they deal with the impact of the COVID-19 pandemic.

The move to remote work has made us realize that modern accounting software such as financial close solutions is no longer a nice-to-have, it’s a must-have.

The annual poll gathers input on key performance indicators, management strategies, staffing and financial results from accounting practices across the country.

The move to online accounting systems opens up a world of functionality.

The company brought in $7.7 billion, up from $6.8 billion in FY 2019, the growth mainly fueled by TurboTax Online and TurboTax products.

Since the advent of the internet, the accounting profession has faced an identity crisis.

New capabilities include automatic calculations of monthly amortization, remaining balance, and full account reconciliation for prepaid expense and deferred revenue accounts.

Despite global setbacks caused by the COVID-19 pandemic, Xero will be hiring in Toronto, aiming to double the size of its team there in two years.

She will hand the reins over to Marc Huffman after 20 years at the helm.

Intuit Inc. has agreed to acquire TradeGecko, a Singapore-based inventory and order management software platform for small retailers and wholesalers in more than 100 countries.

LeaseAccelerator, which makes lease lifecycle management software, has released EZLease, an automated lease calculator.

Vendors and industry experts help parse the difference between hosted and native apps.

The National Association of State Boards of Accountancy voted to approve the CPA Evolution model, which it has been developing with the American Institute of CPAs, in an effort to require more technology skills from CPAs to pass the Uniform CPA Examination and qualify for state CPA licenses.

More than half the companies that completed their first audits under the new standard needed to make an extra effort.

The platform lists young, small firms within its directory to promote and support entrepreneurship in the profession.

The 1,500-person event will be held in a venue for 10,000, to accommodate social distancing, and a remote-attendance option will be available.

The service is planned for the U.S. and Germany, with global expansion in the future.

Simplified 5500 Compliance Reporting Process aims to streamline the reporting requirements for employee benefit plans.

Managing cash flow has become the top priority for financial professionals as their businesses have seen significant drops in cash flow, revenue and profits amid the COVID-19 pandemic, according to a new survey.